Ablation Devices Market

Market Insights

Ablation devices are presently used in various healthcare areas such as orthopedics, dermatology, cardiology, gynecology, neurology, and 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 choice among senescent patients and the high prevalence of chronic diseases. In addition, rising awareness in the patient population about the availability and benefits of ablation treatments and overcoming the cost constraints of conventional therapies are anticipated to support this market’s growth further.

For this study, the global ablation devices market is segmented based on device types, energy types, applications, and geography. Generators, catheters and probes, and disposables and accessories are this market’s three major device categories. 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. The market size and forecast (in USD million) for the period 2013–2023 are provided in the report, along with the respective CAGRs (value percentages%) for the forecast period2016–20233.

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

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Market size and forecast for each segmentation level are incorporated in this study for 2013–2022, along with respective compound 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 propositions, Porter’s five forces assessment, and an executive summary for the global ablation devices market are included in the report. Competition assessment for significant market players and an attractive investment proposition tool for the geographic markets are also included in the news for overall market competition scrutiny. This study concludes with a company profiles section, which includes significant information about the key companies engaged in the development, manufacture, and sale of ablation devices.

This report covers all the major application areas of ablation devices, such as tumor management, general surgery, cardiology (cardiac rhythm management and hypertension treatment), pain management, aesthetics, gynecology, and others.

Cardiology was the largest application segment for ablation devices in 2015. This application is anticipated to progress at the fastest CAGR during the forecast period, thus dominating the overall ablation applications. The multitude of products available, coupled with rising demand due to the high prevalence of cardiac conditions treatable by ablation therapy, are the key factors driving this segment. Conditions such as atrial fibrillation are witnessing a significant rise in incidence, and cardiac catheter ablation is observed to deliver excellent treatment outcomes. Cardiac rhythm management is an important application area of radiofrequency ablation. Minimal procedural invasion, rapid recovery, and quick procedural turnaround are key features that support the growing demand for RF ablation devices in cardiac rhythm management.

Based on device types, the global ablation devices market is categorized into

• Generators
• Catheters and probes
• Disposables and Accessories

Ablation devices are an attractive avenue for new market entrants due to their lucrative growth potential and better investment returns. Several medical device manufacturers are beginning to venture into this market, and the existing players are on a hoard to expand their geographic reach and accelerate product development and commercialization. Strengthening of R&D efforts, outsourcing and localization of manufacturing, and widening distribution networks in high-growth emerging markets are the key trends observed in this market. Overall, the global market for ablation devices is highly competitive, with multiple players specializing in their respective fields. Consolidation activities are being increasingly witnessed on the competitive front to expand product portfolios and strengthen product pipelines. Ablation generator devices are the largest segment in the device categories due to their higher price and growing installation base. On the other hand, the disposables and accessories segment is the fastest-growing segment owing to the rapid replacement rates of such equipment.

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

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

Radiofrequency ablation is the most significant segment among all the energy type categories and has been widely used in ablation treatments. Several ablation devices use radiofrequency to generate heat. RF ablation catheters are commonly used in cardiology, where the devices have an exposed metal probe that delivers a therapeutic dose. RF catheters are used for nerve and tissue ablation 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 microwaves, cryoablation, and ultrasound. Geographically, the ablation devices market is cumulative across North America, Europe, Asia-Pacific, the Middle East, Africa, and Latin America.

Further elucidation of this segmentation is as follows:

• North America (U.S. and Canada)
• Europe (U.K., Germany, and the Rest of Europe)
• Asia-Pacific (Japan, China, and the 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 the 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 North American ablation devices market drivers include an evolving reimbursement scenario, higher healthcare expenditure, and greater awareness. On the other hand, Asia-Pacific is the fastest-growing regional market for ablation devices. The rapidly evolving healthcare infrastructure, flourishing medical tourism, and improving healthcare infrastructure are the key drivers of the Asia-Pacific ablation devices market.

Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary
2.1 Ablation Devices Market, by Devices, 2015 & 2023 (Value %)
2.2 Ablation Devices Market, by Energy Type, 2015 (USD Mn)
2.3 Ablation Devices Market, by Applications, 2015 (USD Mn)
2.4 Ablation Devices Market Share, by Geography, 2015 (Value %)

Chapter 3 Ablation Devices Market: Market Dynamics and Outlook
3.1 Introduction, Facts and Figures
3.2 Drivers
3.3 Challenges
3.4 Opportunities
3.5 Market Inclination Insights Assessment
3.6 Attractive Investment Proposition
3.7 Porter’s Five Forces Analysis: Ablation Devices Market
3.8 Competitive Analysis: Ablation Devices Market, by Key Market Players

Chapter 4 Global Ablation Devices Market Analysis, by Devices, 2013-2023 (USD Mn)
4.1 Preface
4.2 Generators
4.3 Catheters and Probes
4.4 Disposables and Accessories

Chapter 5 Global Ablation Devices Market Analysis, by Energy Type, 2013-2023 (USD Mn)
5.1 Preface
5.2 Electrical
5.3 Radiofrequency
5.4 Cryoablation
5.5 Radiation
5.6 Laser
5.7 Ultrasound
5.8 Microwave
5.9 Hydrothermal

Chapter 6 Global Ablation Devices Market Analysis, by Applications, 2013-2023 (USD Mn)
6.1 Preface
6.2 Tumor Management
6.3 General Surgery
6.4 Cardiology (Cardiac Rhythm Management and Hypertension Treatment)
6.5 Pain Management
6.6 Aesthetics
6.7 Gynecology
6.8 Others

Chapter 7 Global Ablation Devices Market, by Geography, 2013-2023 (USD Mn)
7.1 Preface
7.2 North America
7.2.1 United States
7.2.2 Canada
7.3 Europe
7.3.1 United Kingdom
7.3.2 Germany
7.3.3 Rest of Europe
7.4 Asia-Pacific
7.4.1 Japan
7.4.2 China
7.4.3 Rest of Asia Pacific
7.5 Middle East and Africa (MEA)
7.6 Latin America

Chapter 8 Company Profiles
8.1 Medtronic, Inc.
8.1.1 Business Description
8.1.2 Financial Health and Budget Allocation
8.1.3 Product Positions/Portfolio
8.1.4 News Coverage
8.2 Boston Scientific Corporation
8.2.1 Business Description
8.2.2 Financial Health and Budget Allocation
8.2.3 Product Positions/Portfolio
8.2.4 News Coverage
8.3 St. Jude Medical
8.3.1 Business Description
8.3.2 Financial Health and Budget Allocation
8.3.3 Product Positions/Portfolio
8.3.4 News Coverage
8.4 Arthrex, Inc.
8.4.1 Business Description
8.4.2 Financial Health and Budget Allocation
8.4.3 Product Positions/Portfolio
8.4.4 News Coverage
8.5 AngioDynamics, Inc.
8.5.1 Business Description
8.5.2 Financial Health and Budget Allocation
8.5.3 Product Positions/Portfolio
8.5.4 News Coverage
8.6 Olympus Corporation
8.6.1 Business Description
8.6.2 Financial Health and Budget Allocation
8.6.3 Product Positions/Portfolio
8.6.4 News Coverage
8.7 C.R. Bard Inc.
8.7.1 Business Description
8.7.2 Financial Health and Budget Allocation
8.7.3 Product Positions/Portfolio
8.7.4 News Coverage
8.8 Smith & Nephew
8.8.1 Business Description
8.8.2 Financial Health and Budget Allocation
8.8.3 Product Positions/Portfolio
8.8.4 News Coverage
8.9 Accuray, Inc.
8.9.1 Business Description
8.9.2 Financial Health and Budget Allocation
8.9.3 Product Positions/Portfolio
8.9.4 News Coverage
8.10 ConMed Corporation
8.10.1 Business Description
8.10.2 Financial Health and Budget Allocation
8.10.3 Product Positions/Portfolio
8.10.4 News Coverage
8.11 Galil Medical, Inc.
8.11.1 Business Description
8.11.2 Financial Health and Budget Allocation
8.11.3 Product Positions/Portfolio
8.11.4 News Coverage
8.12 AtriCure, Inc.
8.12.1 Business Description
8.12.2 Financial Health and Budget Allocation
8.12.3 Product Positions/Portfolio
8.12.4 News Coverage
8.13 Other Notable Payers

List of Figures

FIG. 1 Ablation Devices: Market Segmentation
FIG. 2 Ablation Devices Market, by Devices, 2015 & 2023 (Value %)
FIG. 3 Ablation Devices Market, by Energy Type, 2015 (USD Mn)
FIG. 4 Ablation Devices Equipment Market, by Applications, 2015 (USD Mn)
FIG. 5 Ablation Devices Market Share, by Geography, 2015 (Value %)
FIG. 6 Attractive Investment Proposition, Ablation Devices Market, 2015
FIG. 7 Porter’s Five Forces Analysis: Ablation Devices Market
FIG. 8 Competitive Analysis: Ablation Devices Market, by Key Market Players
FIG. 9 Global Ablation Generators Market, 2013-2023 (USD Mn)
FIG. 10 Ablation Catheters and Probes Market, 2013-2023 (USD Mn)
FIG. 11 Ablation Disposables and Accessories Market, 2013-2023 (USD Mn)
FIG. 12 Electrical Ablation Devices Market, 2013-2023 (USD Mn)
FIG. 13 Radiofrequency Ablation Devices Market, 2013-2023 (USD Mn)
FIG. 14 Cryoablation Devices Market, 2013-2023 (USD Mn)
FIG. 15 Radiation-based Ablation Devices Market, 2013-2023 (USD Mn)
FIG. 16 Laser-based Radiofrequency Ablation Devices Market, 2013-2023 (USD Mn)
FIG. 17 Ultrasound-based Ablation Devices Market, 2013-2023 (USD Mn)
FIG. 18 Radiofrequency Ablation Devices Market, 2013-2023 (USD Mn)
FIG. 19 Hydrothermal Ablation Devices Market, 2013-2023 (USD Mn)
FIG. 20 Ablation Devices Market for Tumor Management, 2013-2023 (USD Mn)
FIG. 21 Ablation Devices Market for General Surgery, 2013-2023 (USD Mn)
FIG. 22 Ablation Devices Market for Cardiology, 2013-2023 (USD Mn)
FIG. 23 Ablation Devices Market for Pain Management, 2013-2023 (USD Mn)
FIG. 24 Ablation Devices Market for Aesthetics, 2013-2023 (USD Mn)
FIG. 25 Ablation Devices Market for Gynecology, 2013-2023 (USD Mn)
FIG. 26 Ablation Devices Market for Other Applications, 2013-2023 (USD Mn)
FIG. 27 United States Ablation Devices Market, 2013–2023 (USD Mn)
FIG. 28 Canada Ablation Devices Market, 2013–2023 (USD Mn)
FIG. 29 United Kingdom Ablation Devices Market, 2013–2023 (USD Mn)
FIG. 30 Germany Ablation Devices Market, 2013–2023 (USD Mn)
FIG. 31 Rest of Europe Ablation Devices Market, 2013–2023 (USD Mn)
FIG. 32 Japan Ablation Devices Market, 2013–2023 (USD Mn)
FIG. 33 China Ablation Devices Market, 2013–2023 (USD Mn)
FIG. 34 Rest of Asia Pacific Ablation Devices Market, 2013–2023 (USD Mn)
FIG. 35 Middle East and Africa Ablation Devices Market, 2013–2023 (USD Mn)
FIG. 36 Latin America Ablation Devices Market, 2013–2023 (USD Mn)

List of Tables

TABLE 1 Global Ablation Devices Market, by Devices, 2013-2023 (USD Mn)

TABLE 2 Global Ablation Devices Market, by Energy Type, 2013-2023 (USD Mn)
TABLE 3 Global Ablation Devices Market, by Applications, 2013-2023 (USD Mn)
TABLE 4 Global Ablation Devices Market, by Geography, 2013–2023 (USD Mn)
TABLE 5 North America Ablation Devices Market, by Country, 2013–2023 (USD Mn)
TABLE 6 Europe Ablation Devices Market, by Country, 2013–2023 (USD Mn)
TABLE 7 Asia-Pacific Ablation Devices Market, by Country, 2013–2023 (USD Mn)