Ablation Technology Market Size to Hit USD 11.7 Billion by 2030

The global Ablation Technology market gathered revenue around USD 4.9 Billion in 2020 and market is set to grow USD 11.7 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 13.9% during the prediction period 2021 to 2027.

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The Market growing elderly population has also driven the incidence of target conditions and contributed to the demand for effective treatment. However, the reuse and reprocessing of devices in developed countries and unfavorable regulatory scenario are key factors limiting the growth of this market. Product recalls and therapeutic challenges related to the efficacy of ablation products are key challenges faced by industry players in the global market.

Based on application, the ablation technology market is classified into major segments cardiovascular disease treatment, cancer treatment, ophthalmological treatment, pain management, gynecological treatment, urological treatment, orthopedic treatment, cosmetic/aesthetic surgery, and other applications. Rising disease prevalence and technological advancement in this field will boost market growth.

Based on product, the global ablation technology market is classified into light/laser ablators, radiofrequency ablators, ultrasound ablators, electrical ablators, cryoablation devices, microwave ablators, and hydrothermal ablators/hydromechanical ablators. Each product class is further segmented based on its applications or source of energy. The large share of radiofrequency ablators segment is attributed to the introduction of novel products by major market players and the increasing adoption of RF ablation technology to treat various conditions, such as cancer, cardiac diseases, and ophthalmic diseases.

Based on the type of energy source, the global ablation technology market is classified into light/laser, radiofrequency (RF), electrical, ultrasound, microwave, cryotherapy, and hydrothermal/hydromechanical ablation technologies. The lower cost of radiofrequency ablation, its ease of use, and the rising geriatric population fuel the growth of the radiofrequency ablation market.

Report Coverage

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Regional analysis:

North America was the largest consumer of ablation technology due to the introduction of ablation technology in earlier stages. Increased awareness regarding various treatments using ablation technologies has helped this market to grow. North America was followed by Europe. Asia Pacific region is expected to be the fastest-growing regional market due to availability of a large pool of patients, increased spending capacity of patients; increasing preference to ablation over surgery, geographical expansion of key market players and increasing government investment in the healthcare sector are expected to drive the market growth in Asia Pacific region over the forecast period. India and China are expected to be the key consumers of ablation technology. North America and Europe are mature markets for Ablation Technology and are expected to grow at a relatively sluggish rate over the forecast period.

Some of the prominent players in the Ablation Technology Market include:  Medtronic, plc., Johnson & Johnson, Abbott, and Boston Scientific Corporation  and CONMED Corporation, AngioDynamics, Inc., AtriCure, Inc., Smith & Nephew plc, Olympus Corporation, Varian Medical Systems, Stryker, Dornier MedTech, Cynosure  and InMode.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global ablation technology market, by Application

• Cardiovascular Disease Treatment
• Cancer Treatment
• Ophthalmologic Treatment
• Pain Management
• Gynecological Treatment
• Urological Treatment
• Orthopedic Treatment
• Cosmetic/ Aesthetic Surgery
• Other Treatments

Global ablation technology market, by Product

• Radiofrequency Ablators
• Laser/Light Ablators
• Ultrasound Ablators
• Electrical Ablators
• Cryoablation Devices
• Microwave Ablators
• Hydrothermal/Hydromechanical Ablators

Global ablation technology market, by Type

• Radiofrequency Ablation
• Laser/Light Ablation
• Ultrasound Ablation
• Electrical Ablation
• Cryoablation
• Microwave Ablation
• Hydrothermal/Hydromechanical Ablation

Global ablation technology market, by End User

• Hospitals, surgical centers, and ablation centers
• Ambulatory Surgical Centers
• Medical Spas & Aesthetic clinics
• Other End Users

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Ablation Technology industry analysis from 2022 to 2030 to identify the prevailing Ablation Technology industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Ablation Technology industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Ablation Technology industry trends, key players, market segments, application areas, and market growth strategies.

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