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 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

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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Published Date:  Nov 2017
Category:  Medical Devices
Report ID:   58791
Report Format:   PDF
Pages:   120
Rating:    4.3 (70)
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