Home / Medical Devices / Cryoablation Devices Market By Device (Cryoablation Systems, Cryoablation Catheters Or Probes), By Application Area Type (Cancer, Cardiac Arrhythmia, Obstetrics & Gynecology, Pain Management, Ophthalmic Diseases) - Growth, Future Prospects, And Competitive Analysis, 2017 - 2025

Cryoablation Devices Market By Device (Cryoablation Systems, Cryoablation Catheters Or Probes), By Application Area Type (Cancer, Cardiac Arrhythmia, Obstetrics & Gynecology, Pain Management, Ophthalmic Diseases) - Growth, Future Prospects, And Competitive Analysis, 2017 - 2025

Published: Nov 2017 | Report Code: 58791-11-17

Cryoablation procedure, a minimally invasive procedure performed to destroy cells by deploying cold temperature. It is very well-known technology for efficient destruction of cells while keeping surrounding tissues intact. This fast, cost-effective solution is gaining popularity especially in medical oncology and cardiology area majorly due to lesser side-effects rather than conventional approaches. This procedure is done inserting a hollow needle (probe) through the skin that releases argon or nitrogen gas to freeze the affected tissue and it is done several times in a single procedure session where CT scanners, Ultrasound or MRI scans help in real-time observation of targeted areas.

As per some research study, atrial fibrillation or arrhythmia is most undertreated cardiac disorder leading to sudden cardiac arrest and approximately 2.7-6.1 million people are suffering from the same in U.S.  This rising trend of arrhythmia drives the cryoablation devices market due to its successful clinical outcomes in cardiac procedure. Growing demand for minimally invasive procedure in cancer treatment with minimal complications support the growth of cryoablation devices market. The market is driven by factors like negligible blood loss and remarkably lesser pain in cryoablation than open surgery which makes it to be the safest and preferable among surgeons.

The purpose of this research study titled ‘Cryoablation Devices Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025’ is to provide investors, developers, company executives and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global cryoablation devices market. This report presents and analyzes the major trends prevalent in the global cryoablation devices market and the market size and forecast. Technological advancement, product innovation and extensive demand strongly boost up the growth of cryoablation devices market.

This report contains the global cryoablation devices market in terms of device type, application and geographical distribution. Based on the type of device, the cryoablation devices market is categorized as cryoablation system and cryoablation catheter or probe. The cryoablation devices market is also classified on the basis of application as cancer, cardiac arrhythmia, obstetrics & gynecology, pain management, ophthalmic diseases and others.

Geographically, the cryoablation devices market is segmented into five major regions and chief region level markets as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Rest of Middle East and Africa

The market size and forecast of each considered geographical market is presented for the period 2015-2025 along with CAGRs for the forecast period 2017-2025 in this study and are further cross-sectional presented in terms of type of devices, application and constituent region/country level markets.

This report also includes qualitative evaluating factors such as market dynamics (drivers, restraints and opportunities) to have a good understanding of the current and predicted trends in the global cryoablation devices market. Competition assessment tools such as, major agreements, partnerships and collaborations, market attractiveness assessment and competitive landscape analysis by major players are also demonstrated in the study. Furthermore, this report includes profiling of major market players currently enjoying distinguishing position in the cryoablation devices market. The major players profiled in this report are Medtronic Plc., Galil Medical Inc., Icecure Medical, Sanarus, AtriCure, Inc., AFreeze and other notable players.

Cryoablation Devices Market

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Cryoablation Devices Market Portraiture
2.2 Cryoablation Devices Market, by Device Type, 2016 (US$ Mn)
2.3 Cryoablation Devices Market, by Application Type, 2016 (US$ Mn)
2.4 Cryoablation Devices Market, by Geography, 2016 (Value %)

Chapter 3 Global Cryoablation Devices Market Analysis
3.1 Global Cryoablation Devices Market Overview
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Challenges
3.2.3 Opportunities
3.3 Merger, Acquisition and Business Strategies
3.4 Porter’s Analysis
3.5 Attractive Investment Proposition
3.6 Competitive Analysis: Global Cryoablation Devices Market, 2016 (Value %)

Chapter 4 Global Cryoablation Devices Market Analysis, By Device Type
4.1 Overview
4.1.1 Market Attractive Proposition of Cryoablation Devices Market, by Device Type, 2016
4.2 Cryoablation Systems
4.3 Cryoablation Catheters or Probes

Chapter 5 Global Cryoablation Devices Market Analysis, By Application Area Type
5.1 Overview
5.1.1 Market Attractive Proposition of Cryoablation Devices Market, by Application Type, 2016
5.2 Cancer
5.2.1 Breast Cancer
5.2.2 Liver Cancer
5.2.3 Prostate Cancer
5.2.4 Bone Cancer
5.2.5 Renal Cancer
5.2.6 Other Cancer
5.3 Cardiac Arrhythmia
5.4 Obstetrics & Gynecology
5.5 Pain Management
5.6 Ophthalmic Diseases
5.7 Others

Chapter 6 Global Cryoablation Devices Market, By Geography
6.1 Preface
6.2 North America (U.S. & Canada)
6.2.1 North America Cryoablation Devices Market, by Device Type, 2015-2025 (US$ Mn)
6.2.2 North America Cryoablation Devices Market, by Application Type, 2015-2025 (US$ Mn)
6.2.3 North America Cryoablation Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.3 Europe (U.K., Germany & Rest of Europe)
6.3.1 Europe Cryoablation Devices Market, by Device Type, 2015-2025 (US$ Mn)
6.3.2 Europe Cryoablation Devices Market, by Application Type, 2015-2025 (US$ Mn)
6.3.3 Europe Cryoablation Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.4 Asia-Pacific (China, Japan & Rest of Asia-Pacific)
6.4.1 Asia Pacific Cryoablation Devices Market, by Device Type, 2015-2025 (US$ Mn)
6.4.2 Asia Pacific Cryoablation Devices Market, by Application Type, 2015-2025 (US$ Mn)
6.4.3 Asia - Pacific Cryoablation Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.5 Latin America (Brazil, Mexico and Rest of LATAM)
6.5.1 Latin America Cryoablation Devices Market, by Device Type, 2015-2025 (US$ Mn)
6.5.2 Latin America Cryoablation Devices Market, by Application Type, 2015-2025 (US$ Mn)
6.5.3 Latin America Cryoablation Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.6 Middle East and Africa
6.6.1 Middle East and Africa Cryoablation Devices Market, by Device Type, 2015-2025 (US$ Mn)
6.6.2 Middle East and Africa Cryoablation Devices Market, by Application Type,2015- 2025 (US$ Mn)
6.6.3 Middle East and Africa Cryoablation Devices Market, by Country, 2015 – 2025 (US$ Mn)

Chapter 7 Company Profiles
7.1 Medtronic Plc.
7.2 Galil Medical Inc.
7.3 Icecure Medical
7.4 Sanarus
7.5 AtriCure, Inc.
7.6 AFreeze
7.7 Others

List Of Table :

TABLE 1 Global Cryoablation Devices Market, By Device Type (US$ Mn), 2015– 2025 (Value)
TABLE 2 Global Cryoablation Devices Market, By Application Type (US$ Mn), 2015– 2025 (Value)
TABLE 3 Global Cryoablation Devices Market, by Geography, 2015 – 2025 (US$ Mn)
TABLE 4 North America Cryoablation Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
TABLE 5 North America Cryoablation Devices Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 6 North America Cryoablation Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 7 Europe Cryoablation Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
TABLE 8 Europe Cryoablation Devices Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 9 Europe Cryoablation Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 10 Asia Pacific Cryoablation Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
TABLE 11 Asia Pacific Cryoablation Devices Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 12 Asia - Pacific Cryoablation Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 13 Latin America Cryoablation Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
TABLE 14 Latin America Cryoablation Devices Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 15 Latin America Cryoablation Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 16 Middle East and Africa Cryoablation Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
TABLE 17 Middle East and Africa Cryoablation Devices Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 18 Middle East and Africa Cryoablation Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 19 Medtronic Plc.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 20 Galil Medical Inc.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 21 Icecure Medical: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 22 Sanarus: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 23 AtriCure, Inc.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 24 AFreeze: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 25 Others: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)

List Of Figures :

FIG. 1 Cryoablation Devices Market: Research Methodology
FIG. 2 Cryoablation Devices Market, by Device Type, 2016 (US$ Mn)
FIG. 3 Cryoablation Devices Market, by Application Type, 2016 (US$ Mn)
FIG. 4 Cryoablation Devices Market, by Geography, 2016 (Value %)
FIG. 5 Attractive Investment Proposition
FIG. 6 Competitive Analysis: Global Cryoablation Devices Market, 2016 (Value %)
FIG. 7 Global Cryoablation Systems Market (US$ Mn), 2015-2025
FIG. 8 Global Cryoablation Catheters or Probes Market (US$ Mn), 2015-2025
FIG. 9 Global Cancer Market (US$ Mn), 2015-2025
FIG. 10 Global Breast Cancer Market (US$ Mn), 2015-2025
FIG. 11 Global Liver Cancer Market (US$ Mn), 2015-2025
FIG. 12 Global Prostate Cancer Market (US$ Mn), 2015-2025
FIG. 13 Global Bone Cancer Market (US$ Mn), 2015-2025
FIG. 14 Global Renal Cancer Market (US$ Mn), 2015-2025
FIG. 15 Global Other Cancer Market (US$ Mn), 2015-2025
FIG. 16 Global Cardiac Arrhythmia Market (US$ Mn), 2015-2025
FIG. 17 Global Obstetrics & Gynecology Market (US$ Mn), 2015-2025
FIG. 18 Global Pain Management Market (US$ Mn), 2015-2025
FIG. 19 Global Ophthalmic Diseases Market (US$ Mn), 2015-2025
FIG. 20 Global Others Market (US$ Mn), 2015-2025

Based upon different type of devices, the cryoablation devices market is categorized as:

  • Cryoablation Systems
  • Cryoablation Catheters or Probes

Cryoablation catheters and probes held the maximum share of the cryoablation devices market as the probes are only for single-use. Due to lower price and disposable options, the market is expected to be dominated by cryoablation catheter or probes. Cooling efficiency is dependent on the surface area of cryoprobes, therefore multiple probes are required for complete ablation of a single procedure which positively impacts the demand for cryoablation devices market. Advanced technology and innovations in cryoablation devices drive the market by providing with increasing flexibility of probe leads to easy ablation procedure and defrost function. Reusable probe with patient safety is surging its preference among physician which further drives the cryoablation devices market. The console part of cryoablation device is mobile in nature; containing display screen, refrigerant, software and electrical components required for cryoablation procedure. The patient safety monitoring built in console drives the cryoablation device market to grow. However, higher cost of device, limitation of using catheter or probe from same manufacturer and incompatibility with MRI might negatively affect its market.

Cryoablation Devices Market

Based on the application, cryoablation devices market is categorized as below:

  • Cancer
    • Breast Cancer
    • Liver Cancer
    • Prostate Cancer
    • Bone Cancer
    • Renal Cancer
    • Other Cancer (Skin cancer, Lung cancer)
  • Cardiac Arrhythmia
  • Obstetrics & Gynecology
  • Pain Management
  • Ophthalmic Diseases
  • Others

Cancer is responsible for highest number of deaths worldwide and this global burden is expected to rise in future. Cryoablation procedure has been adopted in medical science in order to efficiently treat cancer cells with minimal complication rate. Cryoablation therapy is one of the safest and novel mode of treatment for liver cancer when liver transplantation is ruled out. Moreover, cryoablation is the best alternative for conventional surgical methods for breast cancer treatment as it is followed by less post-procedural pain, rapid recovery and short hospital stays.  This increasing clinical application with technologically advanced cryoablation device will actively contribute substantial growth to cryoablation devices market. Hence, cryoablation is attaining acceptance among surgeons in terms of safety, reduced scope of risk and no thermal injury in cancer treatment.

The growth opportunity of cryoablation devices market is increasing with rising prevalence of atrial fibrillation which is 0.5% of the world’s population. Cryoablation devices market is predicted to witness lucrative growth on account of providing cryomapping option, faster procedure and potent in the area of decreased blood flow. Cryoablation is a common procedure performed in obstetrics & gynecology owing to rare post-operative pain and effective outcomes which facilitate high market growth. Cryoablation device has been achieving acceptance by the physicians for its effective pain management by freezing the nerve endings. Worldwide more than 1.5 billion people are suffering from chronic pain; this increasing burden of chronic pain would act as driving force of cryoablation device market across the world.

Cryoablation Devices Market

Geographically, the global cryoablation devices market is cumulative to North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Cryoablation Devices Market

North America dominated the global market for cryoablation devices followed by Europe. Cancer is the leading cause of death across the globe and as per the statistics from National Cancer Institute, there were 1,685,210 new cases of cancer in the United States in 2016. This exorbitant rise in the number of cancer cases drive the cryoablation devices market in this region. Developed healthcare infrastructure, presence of major manufacturers and favorable medical reimbursement policies are few key factors contributing to the growth of cryoablation devices market. Development of innovative products utilizing advanced technology and their adoption among medical professional boost up the cryoablation devices market. The European market is witnessing substantial market growth due to the increasing number of cancer patients and growing demand for minimally invasive procedures. Asia-Pacific region is anticipated to witness extensive growth in the forecast period as a result of large number of target population, emerging economies and developing healthcare infrastructure.

The detailed regional classification of the global cryoablation devices market is as follows:

  • North America (U.S. & Canada)
  • Europe (Germany, U.K., France, Spain, Italy and Rest of Europe)
  • Asia Pacific (China, India, Japan and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East and Africa (GCC and Rest of Middle East and Africa)
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