Ablation Technologies Market by Product (Light/Laser ablators, Radiofrequency ablators, Electrical ablator, Ultrasound ablators), by Type (Light/Laser Ablation, Radiofrequency Ablation, Electrical Ablation, Ultrasound Ablation), by Application (Cardiovascular Disease, Cancer, Ophthalmologic, Gynecologic), and by Region
According to the report Global Ablation Technologies market, published by Market Data Forecast, the Market has been estimated at USD 3000 Million in 2016 and is projected to reach USD 5170 Million by 2021, at a CAGR of 11.5% during the forecast period from 2016 to 2021. Ablation technologies are used for performing minimally invasive surgeries, which are gradually replacing conventional surgical procedures.
These technologies are aimed at removing the abnormal tissue growth in the body to treat the disease. The ability of these technologies to reduce the post-surgery recovery period, thereby reducing the chances of complications has become the driving force for the overall market.
The market for Ablation Technologies is mainly driven due to 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. But, the market growth can be restrained due to lack of properly skilled labor, and regulatory framework for the ablation technologies which has been stringent.
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Global market for Ablation Technologies is segmented based on Product, Type and Application. By Product, the market is further sub-segmented into Light/Laser ablators, Radiofrequency (RF) ablators, Electrical ablators, Ultrasound ablators, Microwave ablators, Cryoablation devices, and Hydrothermal ablators.
By Type, the market is further sub-segmented into Light/Laser ablation, Radiofrequency (RF) ablation, Electrical ablation, Ultrasound ablation, Microwave ablation, Cryoablation, and Hydrothermal ablation. By Application, the market is further sub-segmented into Cardiovascular Disease, Cancer, Ophthalmologic, Gynecologic, Pain Management, Urologic, Orthopedic, Cosmetic Surgery and Other treatments.
Radiofrequency-based ablation technology segment is expected to lead the global ablation technologies market based on Type. Based on Application, large market share is attributed to cardiovascular diseases treatment segment.
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Geographically, Global market for Ablation Technologies is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe.
The market in North America is highly driven due to factors like technological advancement in ablation technology field, better healthcare infrastructure in comparison to any other region, high disposal income of individual and increase in lifestyle related diseases in this region. The Ablation Technologies market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to increasing popularity of minimally invasive surgeries in the region, government support to increase population access for elective surgeries, increasing investment by global players in the region.
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Biosense Webster, Inc., St. Jude Medical, Inc., Boston Scientific Corporation, AngioDynamics, Inc., AtriCure, Inc., Smith & Nephew plc, Galil Medical Inc., CONMED Corporation, Olympus Corporation, Covidien PLC, Medtronic, Inc., BSD Medical Corporation, are the major players of Global Ablation Technologies market..
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