Latin America Ablation Technologies Market by Product, by Type, by Application, and by Region
According to the report Latin America Ablation Technologies Market, published by Market Data Forecast, the Market has been estimated at USD 300 Million in 2016 and is projected to reach USD 533 Million by 2021, at a CAGR of 12.2% during the forecast period from 2016 to 2021. Medical ablation involves removal of a part of biological tissue or aberrant tissue from within the body via minimally invasive procedures.
The most common types of cancers treated by medical ablation are kidney (renal) cancer, liver cancer, and lung cancer. Ablation therapies can offer patients and clinicians a repeatable and effective therapy for palliation and, in some cases, cure of thoracic malignancies.
The market for Ablation Technologies is mainly driven due to 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. But, the market growth can be restricted due to high cost of treatment and low awareness towards medical ablation technology.
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Latin America market for Ablation Technologies is segmented based on Product, Type and Application. By Product, the market is further sub-segmented into LightLaser ablators, Radiofrequency (RF) ablators, Electrical ablators, Ultrasound ablators, Microwave ablators, Cryoablation devices, and Hydrothermal ablators.
By Type, the market is further sub-segmented into LightLaser 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 Latin America ablation technologies market based on Type. Based on Application, large market share is attributed to cardiovascular diseases treatment segment.
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Geographically, Latin America market for Ablation Technologies is segmented into Brazil, Argentina, Mexico and Rest of Latin America. The market in Latin America is escalating with high CAGR due to rising demand of emerging markets along with increasing funding for design of novel ablation devices create abundant growth opportunities to the market.
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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 Latin America Ablation Technologies market.
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