Ablation Devices Market By Devices (Generators, Catheters And Probes, Disposables And Accessories), By Energy (Electrical, Radiofrequency, Cryoablation, Radiation, Laser, Ultrasound, Microwave, Hydrothermal), By Applications (Tumor Management, General Surgery, Cardiology (Cardiac Rhythm Management And Hypertension Treatment), Pain Management, Aesthetics, Gynecology) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Ablation devices are at present used in varied healthcare areas such as orthopedic, dermatology, cardiology, gynecology, neurology and several others. Global growth in preference for minimally invasive procedures is helping drive the demand for ablation devices. Major factors supporting the rise in ablation treatments include groping preference from senescent patients andhigh prevalence of chronic diseases. Rising awareness in patient population about availability and benefits from ablation treatments and overcoming the cost constraints of conventional treatments are further anticipated to support the growth of this market.

For the purpose of this study, the global ablation devices market is studied for segments based on device types, energy type, applications and geography. Generators, catheters and probes, and disposables and accessories are the three major device categories of this market. Ablation devices are available based on energy sources such as electrical, radiofrequency, cryoablation, radiation, laser, ultrasound, microwave and hydrothermal. The major application areas of ablation treatments are tumor management, general surgery, cardiology (cardiac rhythm management and hypertension treatment), pain management, aesthetics, gynecology and others. Market size and forecast (USD Mn) for the period 2013-2023 are provided in the report along with the respective CAGRs (Value %) for the forecast period 2016-2023.

Based on geographic distribution, the major regions and country level markets are categorized as follows:

  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Rest of Asia-Pacific
  • Middle East and Africa
  • Latin America

Market size and forecast for each segmentation level are incorporated in this study for the period 2013-2022, along with respective Compounded Annual Growth Rates (CAGRs) for the forecast period 2016-2023, considering 2015 as the base year.

Along with market assessment in terms of historical, current and future market sizes, qualitative information sets such as market dynamics (drivers, challenges and opportunities), attractive investment proposition, Porter’s five forces assessment and executive summary for the global ablation devices market are included in the report. Competition assessment for major market players and attractive investment proposition tool for the geographic markets are also included in the report for overall market competition scrutiny. This study concludes with company profiles section, which includes major information about the key companies engaged in development, manufacture and sale of ablation devices.

Based on energy delivery type, the global ablation devices market is segmented into:

  • Electrical
  • Radiofrequency
  • Cryoablation
  • Radiation
  • Laser
  • Ultrasound
  • Microwave
  • Hydrothermal

Ablation Devices Market

Radiofrequency ablation is the most significant segment among all the energy type categories and have been widely used in ablation treatments. Several ablation devise use radiofrequency for generating heat. RF ablation catheters are widely used in cardiology where the devices have exposed metal probe that delivers therapeutic dose. RF catheters are used for nerve and tissue ablation in applications such as arrhythmia, tumor ablation and pain reduction. Some RF devices are directly inserted in the target area through minimally invasive procedures. RF ablation is also used for cutting and dissecting tissue during conventional open procedures. The dominance of RF ablation is currently facing challenges due to the emergence of new ablation technologies such as microwave, cryoablation and ultrasound.

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

Ablation Devices Market

Further elucidation of this segmentation is as follows:

  • North America (U.S. & Canada)
  • Europe (U.K., Germany & Rest of Europe)
  • Asia-Pacific (Japan, China & Rest of Asia-Pacific)
  • Latin America
  • Middle East and Africa

North America is the largest market for ablation devices on the global front. Huge demand from geriatric population with chronic diseases for non-invasive or minimally invasive procedures and rapid regulatory approvals in the U.S. market are the key drivers contributing to the dominance of this region. Other drivers of North America ablation devices market include evolved reimbursement scenario, higher healthcare expenditure and greater awareness. On the other hand, Asia Pacific is the fastest progressing regional market for ablation devices. Rapid evolution of healthcare infrastructure, flourishing medical tourism, and improving healthcare infrastructure are the key drivers of Asia Pacific ablation devices market.

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Published Date:  Jul 2016
Category:  Medical Devices
Report ID:   58023
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
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