The Ablation Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ablation Devices Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Ablation Devices Market Characteristics
3. Ablation Devices Market Trends And Strategies
4. Ablation Devices Market – Macro Economic Scenario
5. Global Ablation Devices Market Size and Growth
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32. Global Ablation Devices Market Competitive Benchmarking
33. Global Ablation Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ablation Devices Market
35. Ablation Devices Market Future Outlook and Potential Analysis
36. Appendix
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