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Global Ablation Technology Market Outlook to 2029

Market Research Report | 2024 Edition | Report ID: BQ02704
Global Ablation Technology Market Outlook to 2029

Report Description

Ablation technology removes part of biological tissue by surgery, and it offers a minimally invasive alternative to traditional surgeries to treat prostate, kidney, liver, and lung cancer. According to BlueQuark's, the global Global Ablation Technology Market is expected to witness a significant growth rate during the forecasted period. Factors such as the increased trend of using RF ablation in cancer treatment and the advent of next-generation ablation products and technologies are expected to drive the Ablation Technology market in the forecasted period. Further, an increase in the growing prevalence of chronic and cardiovascular diseases is expected to drive the Ablation Technology market in the forecasted period. Furthermore, the consumer inclination towards minimally invasive surgeries owing to their various benefits, such as fast recovery, less pain, and the increase in the geriatric population prone to ailments, is expected to drive the Ablation Technology market in the forecasted period. However, unfavourable regulatory scenarios and issues with the recycling and reprocessing of devices in developing countries are expected to obstruct the Ablation of device market growth.

Ablation therapies can treat various diseases across several medical domains, such as ophthalmology, cancer, gynaecology, and cardiovascular.

The cancer treatment segment holds a significant market. The rising number of cases of cancer is estimated to fuel the demand for radiofrequency ablation devices in the initial phase. Radiofrequency Ablation is one of the most general ablation methods for small tumours. Radiofrequency ablation is a medical procedure which uses thermal energy to accomplish targeted tissue destruction. RFA technology is utilized to treat an extensive range of medical conditions. It is utilized in the treatment of tumour spots to treat patients suffering from adrenal glands, breast, kidney, liver, lung, pancreatic, bone, and thyroid cancer. This technology has also gained much attention in dermatology to treat skin lesions, freckles, acne, and skin tags. It uses high-energy radio waves. Unique probes are used to "burn" or "freeze" cancers without the usual surgery. Computed tomography, ultrasound, or magnetic resonance imaging guides and positions the needle examination into the tumour. The cancer treatment fragment is anticipated to hold an important share of the ablation technologies market due to the escalating number of cancer cases around the world. RFA, a minimally invasive treatment for cancer, uses an image-guided technique to apply heat to damage cancer cells. RFA uses ultrasound, magnetic resonance imaging (MRI) to guide a needle electrode into a tumour and passes high-frequency electrical currents through the electrode to ground pads placed on the body, creating focused heat that damages the cancer cells surrounding the electrode. The article also said that RF and microwave ablations are the common ablation treatments for cancer therapy. The large number of cases over the years is majorly contributing to the surge in cancer surgical therapies for efficient treatment studies, which will propel the growth of the ablation technologies market in the forecast period.

North America was the biggest consumer of ablation technology owing to the introduction of ablation technology in earlier stages. Rising awareness regarding various treatments using ablation technologies has helped this market to grow. Asia Pacific is projected to witness lucrative growth due to factors such as raising awareness of cardiac disease, growing healthcare industries, and developing various gynaecology and cosmetology treatment methods that drive the region's market. The surge in the adoption of highly advanced techniques and systems in manufacturing ablation devices and the technological advancements made in ablation device are expected to boost the Market's growth in the North American region. The growing customer preference for minimally invasive procedures due to their several advantages, like quicker recovery and less pain, as well as an enhance in the geriatric population prone to ailments, drives the Ablation Devices market forward. The increasing trend of using RF ablation in cancer treatment and the beginnings of next-generation ablation technologies and products significantly impact the Ablation Technology Market. Moreover, the increasing prevalence of atrial fibrillation in the population improve the number of cardiac ablation procedures. The slightly invasive ablation procedure for atrial fibrillation provides low risk, high efficacy,  and patient satisfaction convenience. The rising advantages of less invasive therapeutic approaches using ablation devices drive the Ablation Technologies Market over the forecast period. Furthermore, increasing preference for minimally invasive procedures like radiofrequency Ablation, microwave ablation, and others, as well as technological developments in ablation devices and catheters surging the scope of existing products, are some of the main attributing to the development of the Ablation Technologies Market.

Some of the Market's key players are Varian Medical Systems Inc., Biosense Webster, Inc., Elekta AB, Medtronic, Johnson & Johnson Services, Inc., and Alcon.

In October 2022, The C2 CryoBalloon Ablation System was released in Canada to treat Barrett's Esophagus. This was done by PENTAX Medical, a company in the healthcare sector that makes diagnostic and therapeutic endoscopy solutions.

In March 2022, Quantum Surgical received 510(k) clearance from the USFDA (United States Food and Drug Administration) for the Epione robot, which can plan, target, deliver, and confirm tumour ablation for cancer treatment.

Global Ablation Technology Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Ablation Technology market by segmenting based on the By Device Technology (Radiofrequency Devices, Laser/Light Ablation, Ultrasound Devices, Cryoablation Devices and Other Devices), by Application (Cancer Treatment, Cardiovascular Disease Treatment, Ophthalmologic Treatment, Gynecological Treatment, Urological Treatment, Cosmetic Surgery and Others), by End-User (Hospitals and Clinics, Ambulatory Surgical Centers and Others) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

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  Table of Contents

 

  This report helps to:-

  • Gain a deeper understanding of the impact of coronavirus on the Global Ablation Technology Market
  • Equip yourself with rigorous analysis and forward-looking insight into the Ablation Technology Market across various regions
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop strategy
  • Gain understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess market data and forecasts to understand how the demand for Ablation Technology Market evolve over the next five years across various regions
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Tables and charts

Global Ablation Technology Market, in USD Million, 2019-2029

Global Ablation Technology Market - Market Dynamics, 2024-2029

Global Ablation Technology Market - Supply Chain Analysis

Global Ablation Technology Market - Porters Five Forces Analysis

North America - Ablation Technology Market, in USD Million, 2019-2029

Europe - Ablation Technology Market, in USD Million, 2019-2029

Asia-Pacific - Ablation Technology Market, in USD Million, 2019-2029

South America - Ablation Technology Market, in USD Million, 2019-2029

Middle East & Africa - Ablation Technology Market, in USD Million, 2019-2029

Ablation Technology Market - Infographics

Other Charts

For complete list of tables and charts, please contact us via the form at the top of the page.

  Who need this report?

  • Manufacturers & Suppliers
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  • Pharmaceutical Companies
  • Insurance Companies
  • Government Bodies and Industry Associations
  • Investor Community
  • Financing Companies
  • Other Stakeholders

  What's included

Report - Global Ablation Technology Market Outlook to 2028.pdf
Market Data - Global Ablation Technology Market Outlook to 2028.xls

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