Global Ablation Equipment Market is estimated to be 37.1 Billion by 2029 with a CAGR of 10.8% during the forecasted period.

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Published Date: January 2021

Development of next-generation ablation technologies and products, growing incidence of cancer, increasing prevalence of cardiovascular diseases and rising number of ablation procedures are the major factors boosting the growth of the ablation technologies market over the forecast period.

The global ablation equipment market accounted for US$ 14.7 billion in 2020 and is estimated to be 37.1 billion by 2029 and is anticipated to register a CAGR of 10.8%. The report. "Global Ablation Equipment Market, By Technology (Electrical, Radiation, Radiofrequency, Light, Ultrasound, Cryotherapy, Thermal, Microwave, and Hydro-mechanical), By Product (Radiofrequency Ablators, Laser/Light Ablators, Ultrasound Ablators, Electrical Ablators, Cryoablation Devices, Microwave Ablators, and Hydrothermal Ablators), By Application (Cardiovascular Disease, Cancer, Ophthalmology, Pain Management, Gynecology, Urology, Orthopedic Treatment, Cosmetic Surgery, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key highlights:

In July 2017, Boston Scientific Corporation acquired Cosman Medical, Inc., a producer of RF ablation systems. This acquisition increased the Boston Scientific’s portfolio with systems such as Deep Brain Stimulation Systems and Spinal Cord Stimulator.
In April 2016, Abbott Laboratories and St. Jude Medical, Inc. arrived into a merger agreement. According to the agreement Abbott will acquire St. Jude Medical by end of the 2016. This acquisition is projected to expand the global capabilities and presence of both the companies and diversify their product offerings in the medical devices industry. Moreover, the merger would generate the industry-leading product pipeline and top position in the industry, owing to combined product portfolio.

Analyst View:

Rising number of ablation procedures

Minimally invasive substitutes involve less scarring, less pain, and provides an earlier recovery for patients. Additionally, as compared to traditional surgical procedures, these procedures are more economical. The acceptance of minimally invasive surgeries across the globe is growing as these procedures have lower mortality, are safer and as well as lower complication rates as compared to open surgeries. Further, according to the data published by American Society for Aesthetic Plastic Surgery, the number of minimally invasive cosmetic procedures in the U.S. in 2014 increased from ~13.9 million procedures to 14.2 million in 2015. One of the most regularly used minimally-invasive techniques is ablation, used for the treatment of various tumor, uterine fibroids, and AF. Hence, the growing demand for minimally invasive surgical procedures support the ablation procedures to expand globally, and is propelling the target market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Ablation Equipment Market”, By Technology (Electrical, Radiation, Radiofrequency, Light, Ultrasound, Cryotherapy, Thermal, Microwave, and Hydro-mechanical), By Product (Radiofrequency Ablators, Laser/Light Ablators, Ultrasound Ablators, Electrical Ablators, Cryoablation Devices, Microwave Ablators, and Hydrothermal Ablators), By Application (Cardiovascular Disease, Cancer, Ophthalmology, Pain Management, Gynecology, Urology, Orthopedic Treatment, Cosmetic Surgery, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

The global ablation equipment market accounted for US$ 14.7 billion in 2020 and is estimated to be 37.1 billion by 2029 and is anticipated to register a CAGR of 10.8%. The market report has been segmented on the basis of type, product, application, and region.

By type, the microwave ablators segment is projected to increase at a highest CAGR rate from 2020 to 2029. The highest growth rate of microwave ablation in cancer treatment, as well as benefits provided by it over RF ablation accounts for the major factors leading to the growth of this segment.
By product, the target market is radiofrequency ablators, laser/light ablators, ultrasound ablators, electrical ablators, cryoablation devices, microwave ablators, and hydrothermal ablators.
By application, the cardiovascular disease segment is projected to register for the highest share of the market in 2020. Growing incidence of atrial fibrillation worldwide along with the introduction of novel ablation technologies for the treatment of atrial fibrillation is the major factor boosting the growth of the market.
By region, North America is projected to register the highest share of the market in 2017, due to rapidly increasing elderly population, high acceptance rate of ablation devices in the region.

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Competitive Landscape:

The prominent player operating in the global ablation equipment market includes Arthrex, Boston Scientific Corporation, AtriCure, Inc., Intuitive Surgical, Inc., Medtronic Plc., Johnson & Johnson, Inc., Halyard Health, Abbott Laboratories, EDAP TMS S.A., and Smith & Nephew

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period