Global market for ablation technologies is highly competitive with RF ablation, laser ablation, ultrasound ablation, and electrical ablation as its key segments. RF ablation segment is expected to account for largest share of market for ablation technologies in 2015, attributing to its high safety, efficacy, and short procedural duration for treatment of cancer, AF & pain management, among others.
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The global ablation technologies market is expected to reach USD 4.73 billion by 2021 at a CAGR of 10.9% from 2016 to 2021. Although mature markets (such as the U.S., Germany, France, and the U.K.) held larger shares in the ablation technologies market in 2015, the Asia-Pacific region is poised to grow at the highest CAGR in the next five years.
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The growth of the ablation technologies market is driven by factors such as increasing number of ablation procedures, rising incidence of cancer, growing prevalence of cardiovascular diseases, emergence of next-generation ablation products and technologies, growing adoption of minimally-invasive procedures, increasing number of hospitals, surgical, and ablation centers and improving reimbursement scenario in established markets.
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- Ablation Device Manufacturing Companies
- Healthcare Institutions (Hospitals and Outpatient Clinics)
- Distributors and Suppliers
- Research Institutions
- Market Research and Consulting Firms
- Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs)
Factors such as growing popularity of minimally invasive surgeries, government efforts to increase population access for elective surgeries, rising focus of global players, large population base and improving healthcare infrastructure and the rising focus of international and domestic players on the Asia-Pacific ablation technologies market are propelling its growth.
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In this report, the global ablation technologies market has been segmented on the basis of type of product (light/laser ablators, radio frequency ablators, electrical ablators, ultrasound ablators, microwave ablators, cryoablation devices, and hydrothermal ablators), type of technology (light/laser, radio frequency, electrical, ultrasound, microwave, cryoblation, and hydrothermal technologies), and type of application (cancer, cardiovascular, gynecological,ophthalmological, urological, orthopedic,pain management and cosmetic surgery).
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The global ablation technologies market is highly competitive, with a large number of global and local players. As of 2014, the global ablation technologies market was dominated by Medtronic, Inc. (Ireland), Bio sense Webster, Inc. (U.S.), St. Jude Medical, Inc. (U.S.), and Boston Scientific Corporation (U.S.), which together accounted for ~50% of the market.
The radio frequency ablators market is estimated to account for the largest share of the global ablation technologies market in 2015, followed by the light/laser ablators market. New product launches, pipeline product enhancements, and partnerships, agreements, and joint ventures are the major strategies adopted by most of the market players to achieve growth in the ablation technologies market.
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