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Description
Report
GLOBAL ABLATION DEVICES MARKET
The global ablation devices market is expected to be valued at
US$ 3,990.4 million in market and growing at a CAGR of 8.9 % over the forecast period by 2026.
Key forecast drivers are corresponded on the basis of majority of the population suffer from
cardiovascular diseases which require a multiple variable of ablation procedure and rising rate
of cancer where people opted for minimum invasive procedure with technology advancement. Little
damage to surrounding tissue, bulk tissues such as bone and neck nodules cannot be treated and
the treatment using ablation device is limited in remote areas are the restricted towards the
global ablation device market. Advanced benefits of ablation techniques are anticipated to
contribute growth towards the global ablation devices market.
ANALYSIS
CAGR
- Study Period– 2020-2025
- Base Year– 2019
- CAGR– 3.67%
- Largest Market– North America
- Fastest Growing Market– Asia Pacific
Significant Increase in the
Cancer Patient
- It is noticed that the global ablation devices market has a significant market growth rate with
the relevance of rising population suffering from cancer and associated diseases. - Ablation device market open a wide range of opportunity for the leading market players.
- According to WHO, there are approximately 14 million case and 8.2 million cancer related death
and expected to be increased by next two decade by 70% and consider as the leading cause of
morbidity and mortality in the world. - Hence there is an immediate requirement of an advance technology which is innovative and safe
which help the global ablation device market to flourish. - Ablation devices help in destroying the cancerous cell and also can be use in a combination
therapy with surgery, chemotherapy etc.
- Projected Rise 2019 – 1.54 to 1.6% CAGR in 2026
- Base Year – 2019
- Current CAGR – 1.54%– 3.67%
- Projected Value in 2021 – To rebound & Expand CAGR of 18.8% reaching US 2.42
Billion in 2023
Report Description
Global ablation devices market report gives
comprehensive outlook on ablation devices market across the globe with special emphasis on key
regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The
report on global ablation devices market gives historical, current, and future market sizes on the
basis of function, procedure, technology, application, and region. This report studies global
ablation devices market dynamics elaborately to identify the current trends & drivers, future
opportunities and possible challenges to the key stakeholders operating in the market. In addition,
global ablation devices market report includes human demographics; regulatory scenario, and
competition analysis with vividly illustrated the competition dashboard to assess the market
competition. Moreover, PBI analyzed global market to better equip clients with possible investment
opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product
Opportunities). Key stakeholders of the global ablation devices market report include suppliers,
manufacturers, marketers, policy makers, and service providers engaged in global ablation devices
market
North America dominates the market share in
Global Ablation Device Market
North America contributed major revenue followed by Europe and Asia
Pacific. In 2019, North America region accounted huge growth rate and is anticipated to grow with a
forecast year owing to global ablation devices market monitoring mostly in developed nations. However,
it was an evident that the therapeutic market gaining interest in developing nations. For instance,
41.1% share is hold by North America with highest population and rising incidence of cancer like
diseases and rising healthcare facilities with expenditure. Europe is leading on the basis of modernized
healthcare infrastructure and market player. Asia Pacific is showing a forecast growth of 14.5 % with
the fastest growing market boost the global ablation device market.
Latin-America
North-America
Europe
Asia-Pacific
Middle East
Key
Developments
- Market players have witnessed the strategic collaboration and acquisition to expand product
portfolio and strengthen their position in the market to enhance the revenue of the company.- In December 2015, Medtronic entered into a partnership with Baylis Medical (Canada)
to increase patient access to its OsteoCool RF Ablation System and further
innovation in the system. - In April 2016, Abbott Laboratories and St. Jude Medical, Inc. entered into a merger
agreement. This acquisition is expected to increase the global presence and
capabilities of both the companies and diversify their product offerings in the
medical devices industry.
- In December 2015, Medtronic entered into a partnership with Baylis Medical (Canada)
Key
findings of report
- Global ablation devices market expanding at significant
CAGR over 2020 to 2026 owing due to rising number of cancer patients - Based on region, North America accounted for larger market revenue share in 2019 and
projected gain market revenue share over the forecast period - Players focusing on innovation of newer products and collaboration strategies to retain
market position in global market
Key
features of the report
Key
features of the report
- The report provides granular level information about the
market size, regional market share, historic market (2015-2019) and forecast (2020-2026) - The report covers in-detail insights about the competitor’s overview, company share
analysis, key market developments, and their key strategies - The report outlines drivers, restraints, unmet needs, and trends that are currently
affecting the market - The report tracks recent innovations, key developments and startup’s details that are
actively working in the market - The report provides plethora of information about market entry strategies, regulatory
framework and reimbursement scenario - The report analyses the impact of socio-political environment through PESTLE Analysis
and competition through Porter’s Five Force Analysis in addition to recent technology
advancements and innovations in the market
Detailed
segmentation
Technology
- Electrical
- Radiation
- Radiofrequency
- Light
- Ultrasound
- Microwave
- Hydrothermal
- Cryoablation
- Hydromechanical Ablation
Application
- Cardiovascular
- Cancer
- Pain Management,
- Orthopedics
- Others
Function
- Automated/Robotic
- Conventional Ablation Devices
Procedure
- Benign Prostatic Hyperplasia
- Transurethral Needle Ablation
- Laser and Other Therapies
- Atrial Fibrillation
- Others
Location
GEOGRAPHY
