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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

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Table Of Content

Market Insights

Cryoablation is a minimally invasive procedure performed to destroy cells by deploying cold temperatures. It is a very well-known technology for the efficient destruction of cells while keeping surrounding tissues intact. This fast, cost-effective solution is gaining popularity, especially in the medical oncology and cardiology fields, primarily due to its fewer side effects than conventional approaches. This procedure is done by 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, ultrasounds, or MRI scans help in the real-time observation of targeted areas.

As per some research studies, atrial fibrillation or arrhythmia is the most undertreated cardiac disorder leading to sudden cardiac arrest, and approximately 2.7–6.1 million people are suffering from the same in the U.S. This rising trend of arrhythmia drives the cryoablation devices market due to its successful clinical outcomes in cardiac procedures. Growing demand for minimally invasive procedures in cancer treatment with minimal complications supports the growth of the cryoablation devices market. The market is driven by factors like negligible blood loss and remarkably lesser pain in cryoablation than open surgery, which make it the safest and most preferred 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 analyses the major trends prevalent in the global cryoablation devices market and the market’s size and forecast. Technological advancement, product innovation, and extensive demand strongly boost the growth of the cryoablation devices market.

This report contains an overview of 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 systems and cryoablation catheters or probes. The cryoablation devices market is also classified on the basis of application as cancer, cardiac arrhythmia, obstetrics and 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 the Middle East and Africa

The market size and forecast for each considered geographical market are presented for the period 2015-2025, as well as CAGRs for the forecast period 2017-2025, and are further cross-sectionally presented in terms of device type, application, and constituent region/country level markets.

This report also includes qualitative evaluating factors such as market dynamics (drivers, restraints, and opportunities) to provide a thorough understanding of current and forecast 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 a profile of major market players currently enjoying a distinguishing position in the cryoablation devices market. The major players profiled in this report are Medtronic Plc., Galil Medical Inc., Secure Medical, Sanarus, AtriCure, Inc., AFreeze, and other notable players.

Based on different types of devices, the cryoablation devices market is categorized as follows:

Cryoablation Systems
Cryoablation Catheters or Probes

Cryoablation catheters and probes held the largest share of the cryoablation devices market, as the probes are only single-use. Due to its lower price and disposable options, the market is expected to be dominated by cryoablation catheters or probes. Cooling efficiency is dependent on the surface area of cryoprobes; therefore, multiple probes are required for the complete ablation of a single procedure, which positively impacts the demand for cryoablation devices. Advanced technology and innovations in cryoablation devices drive the market by increasing probe flexibility, resulting in an easy ablation procedure and defrost function.

Reusable probes for patient safety are surging in popularity among physicians, which further drives the cryoablation devices market. The console part of the cryoablation device is mobile in nature, containing a display screen, refrigerant, software, and electrical components required for the cryoablation procedure. The patient safety monitoring built into the console drives the cryoablation device market to grow. However, the higher cost of the device, the limitation of using a catheter or probe from the same manufacturer, and its incompatibility with MRI might negatively affect its market.

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

Cancer

Breast Cancer
Liver Cancer
Prostate Cancer
Bone Cancer
Renal Cancer
Other cancers (skin cancer, lung cancer)

Cardiac Arrhythmia

Obstetrics and Gynecology
Pain Management
Ophthalmic Diseases
Others

Cancer is responsible for the highest number of deaths worldwide, and this global burden is expected to rise in the future. The cryoablation procedure has been adopted in medical science in order to efficiently treat cancer cells with a minimal complication rate. Cryoablation therapy is one of the safest and most novel modes of treatment for liver cancer when liver transplantation is ruled out. Moreover, cryoablation is the best alternative to 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 of technologically advanced cryoablation devices will actively contribute to substantial growth in the cryoablation devices market. Hence, cryoablation is gaining acceptance among surgeons in terms of safety, the reduced scope of risk, and no thermal injury in cancer treatment.

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

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

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 the 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 drives the cryoablation device market in this region. Developed healthcare infrastructure, the presence of major manufacturers, and favorable medical reimbursement policies are a few key factors contributing to the growth of the cryoablation devices market. The development of innovative products utilizing advanced technology and their adoption among medical professionals have boosted the cryoablation devices market. The European market is witnessing substantial market growth due to the increasing number of cancer patients and the growing demand for minimally invasive procedures. The Asia-Pacific region is anticipated to witness extensive growth in the forecast period as a result of a large number of target populations, emerging economies, and developing healthcare infrastructure.

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

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

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 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

List of Tables

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)

Frequently Asked Question:

What is the size of Cryoablation Devices Market?

The market for Cryoablation Devices Market is expected to reach USD$ 1.89 Bn in 2025.

What is the Cryoablation Devices Market CAGR?

The Cryoablation Devices Market is expected to see significant CAGR growth over the coming years, at 7.5%.

What is the Forecast period considered for Cryoablation Devices Market?

The report is forecasted to 2017-2025.

What is the base year considered for Cryoablation Devices Market?

The base year of this report is 2016.

Who are the major players in this market?

Medtronic Plc., Galil Medical Inc., Secure Medical, Sanarus, AtriCure, Inc., AFreeze. are some of the major players in the global market.

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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

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Market Insights

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

Based on different types of devices, the cryoablation devices market is categorized as follows:

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

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

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

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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

Price: $4999

Market Insights

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

Based on different types of devices, the cryoablation devices market is categorized as follows:

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

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

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

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