Asia-Pacific 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 Asia Pacific Ablation Technologies Market, published by Market Data Forecast, the Market has been estimated at USD 660 Million in 2016 and is projected to reach USD 1184 Million by 2021, at a CAGR of 12.4% during the forecast period from 2016 to 2021. Ablation technologies are majorly employed for surgical procedures in cardiology disorders such as atrial fibrillation, arrhythmia, refractory hypertension and others; along with this, removal of cancerous and non-cancerous tumors is also important application of ablation devices.
The market for Ablation Technologies is mainly driven due to increasing number of geriatric and obese population because geriatric and obese populations are more prone to chronic diseases, increasing use of minimally invasive surgery procedures, rising healthcare expenditure, emerging technologies for tumor management and increasing prevalence of cardiovascular diseases. But, the market growth can be hampered due to reuse and reprocessing of devices in developing countries, stringent government regulations and increased healthcare cost and containment measures.
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Asia-Pacific 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 Asia-Pacific ablation technologies market based on Type. Based on Application, large market share is attributed to cardiovascular diseases treatment segment.
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Geographically, Asia-Pacific market for Ablation Technologies is segmented into China, India, Japan, South Korea and Australia. 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 Asia-Pacific Ablation Technologies market.
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