The Ablation Technology 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 Technology Global Market Report 2024, The ablation technology market size has grown strongly in recent years. It will grow from $4.92 billion in 2023 to $5.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to growing awareness among patients and physicians, increasing healthcare expenditure, rising disposable income, growing acceptance of radiofrequency ablation (RFA), and increasing access to ablation procedures.
The ablation technology market size is expected to see strong growth in the next few years. It will grow to $7.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to the rising prevalence of chronic diseases, growing demand for minimally invasive procedures, aging population, increasing surgical procedures, and government initiatives supporting healthcare infrastructure. Major trends in the forecast period include technological advancements, the use of ablation technology in treating various types of tumors, improved healthcare access, advantages over traditional surgery, and collaborations and partnerships.
The growing demand for minimally invasive treatments is expected to propel the growth of the ablation technology market going forward. Minimally invasive treatments refer to medical procedures that are performed through tiny incisions or natural body openings using specialized instruments guided by imaging techniques. Minimally invasive treatments are rising due to their ability to reduce recovery times, minimize surgical risks, and improve patient outcomes compared to traditional surgical methods. Ablation technology is used in minimally invasive procedures to precisely target and destroy diseased tissues while minimizing damage to surrounding healthy tissues. For instance, in January 2023, according to the data published by the American Society of Plastic Surgeons, a US-based association of plastic surgeons, in 2022, around 23,672,269 minimally invasive cosmetic surgeries were carried out in the USA, which increased by 7% to reach 25,442,640 surgeries in the year 2023. Therefore, the growing demand for minimally invasive treatments is driving the growth of the ablation technology market.
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The ablation technology market covered in this report is segmented –
1) By Product: Cryoablation Devices, Electrical Ablators, Hydrothermal Or Hydromechanical Ablators, Laser Or Light Ablators, Microwave Ablators, Radiofrequency Ablators, Ultrasound Ablators, Other Products
2) By Technologies: Thermal Ablation Technology, Non-Thermal Ablation Technology, Other Technologies
3) By Applications: Cardiovascular Disease Treatment, Cancer Treatment, Gynecological Treatment, Cosmetic Or Aesthetic Surgery, Pain Management, Orthopedic Treatment, Urological Treatment, Ophthalmologic Treatment, Other Applications
4) By End Users: Ambulatory Surgical Centers, Hospitals And Ablation Centers, Medical Spas And Aesthetic Clinics, Other End Users
Major companies operating in the ablation technology market are developing advanced technologies, such as thin-film electrode technology, to improve precision and efficacy in treating cardiac arrhythmias, reduce procedure times, and enhance patient outcomes. Thin-film electrode technology refers to a method that uses ultra-thin conductive layers to create precise electrodes for targeted ablation treatments. For instance, in March 2024, NeuroOne, a US-based medical equipment manufacturing company, launched the OneRF Ablation System. This system utilizes thin-film, stereoelectroencephalography (SEEG)-guided radiofrequency (RF) technology to record electrical activity and perform precise ablation of nervous tissue with temperature controls, using the same electrode for both diagnosis and treatment. The OneRF ablation system is NeuroOne’s first device with a therapeutic indication and its third FDA-cleared device. This system complements the company’s Evo cortical and stereoelectroencephalography (sEEG) electrode product lines, which are primarily used for recording electrical activity in the brain for less than 30 days.
The ablation technology market report table of contents includes:
1. Executive Summary
2. Ablation Technology Market Characteristics
3. Ablation Technology Market Trends And Strategies
4. Ablation Technology Market – Macro Economic Scenario
5. Global Ablation Technology Market Size and Growth
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32. Global Ablation Technology Market Competitive Benchmarking
33. Global Ablation Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ablation Technology Market
35. Ablation Technology Market Future Outlook and Potential Analysis
36. Appendix
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