The ablation devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ablation Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ablation devices market size has grown strongly in recent years. It will grow from $7.78 billion in 2023 to $8.49 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to the rising chronic disease burden, growing elderly population, government initiatives and funding, clinical evidence and research, and growing awareness among physicians.
The ablation devices market size is expected to see strong growth in the next few years. It will grow to $12.13 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to growing healthcare infrastructure, enhanced integration of ablation devices with imaging technologies, rising disposable incomes, faster regulatory approvals, and increasing patient awareness. Major trends in the forecast period include increasing use of robotics, expansion in non-oncology applications, advances in real-time imaging modalities, telemedicine, and remote monitoring, and increasing adoption of personalized and patient-specific ablation treatment plans.
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Scope Of Ablation Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ablation Devices Market Overview
Market Drivers –
The increasing prevalence of chronic diseases is expected to propel the growth of the ablation device market going forward. The prevalence of chronic diseases is growing due to lifestyle changes, aging populations, and increased longevity. Ablation devices are used in chronic diseases to selectively destroy abnormal tissue, providing minimally invasive treatment options for conditions such as cardiac arrhythmias and certain cancers. For instance, in August 2022, according to a report published by the American College of Cardiology, a US-based non-profit medical association, in the United States, it is projected that all four major cardiovascular risk factors will increase from 2025 to 2060. Diabetes is expected to see the largest percentage rise, with a 39.3% increase to 55 million individuals, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). Additionally, significant increases in cardiovascular disease rates are anticipated for stroke (33.8% to 15 million) and heart failure (33.4% to 13 million), with ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million) following closely behind. Therefore, the increasing prevalence of chronic diseases is driving the growth of the ablation device market.
Market Trends –
Major companies operating in the ablation devices market are focused on developing innovative solutions, such as the cryoballoon ablation system, for the treatment of Barrett’s esophagus. The cryoballoon ablation system is a medical device used for treating cardiac arrhythmias by freezing and ablating tissue with a balloon-based catheter. For instance, in October 2022, Pentax of America Inc., a Japan-based medical device company, introduced the C2 CryoBalloon Ablation System in Canada for treating Barrett’s esophagus. The C2 CryoBalloon Ablation System has demonstrated high effectiveness in treating Barrett’s esophagus, with patients experiencing less intense and shorter-lasting pain as well as a decreased need for pain medication compared to traditional Radio Frequency Ablation (RFA) treatments.
The ablation devices market covered in this report is segmented –
1) By Product: Laser Ablators, Radiofrequency Ablators, Microwave Ablators, Ultrasound Ablators, Electric Ablators, Hydrothermal Ablators, Cryoablators
2) By Technology Type: Radiofrequency Ablation, Microwave Ablation, Cryoablation, High-Intensity Focused Ultrasound, Laser Interstitial Thermal Ablation, Other Technology Types
3) By Function: Automatic, Robotic
4) By End-Users: Hospitals And Clinics, Ambulatory Surgical Centers, Others End-Users
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Regional Insights –
North America was the largest region in the ablation devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ablation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the ablation devices market are Johnson And Johnson, Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, Alcon Inc., Olympus Corporation, Smith And Nephew PLC, Cynosure Inc., Hologic Inc., Bausch And Lomb Incorporated, Varian Medical Systems, CONMED Corporation, Avanos Medical Inc., Japan Lifeline Co., AtriCure Inc., AngioDynamics Inc., Syneron Medical Ltd., Dornier MedTech GmbH, EDAP TMS, CathRx Ltd.
Table of Contents
1. Executive Summary
2. Ablation Devices Market Report Structure
3. Ablation Devices Market Trends And Strategies
4. Ablation Devices Market – Macro Economic Scenario
5. Ablation Devices Market Size And Growth
…..
27. Ablation Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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