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Microwave Ablation System Market By Product (Equipments, Consumables) By Application (Oncology, Cardiovascular, Urology, Gynaecology, Others) By End User (ASCs, Hospitals, Physicians' offices) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global microwave ablation system market report explores the critical analysis of the microwave ablation industry using key parameters. The report consists of investment strategies, the need for investments in the Microwave Ablation industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Microwave Ablation industry and how economic and non-economic barriers are helping the Microwave Ablation System Market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Microwave Ablation System Market by Volume

Yes

Microwave Ablation System Market by Value

Yes

Microwave Ablation System Market, Tornado Analysis

Yes

Microwave Ablation System Market, STAR Analysis

Yes

Microwave Ablation System Market, SRC Analysis

Yes

Microwave Ablation System Market, Import-Export Data

Yes (On Demand)

Microwave Ablation System Market Pricing Analysis

Yes (On Demand)

Microwave Ablation System Market Segment Analysis

By Product (equipment and consumables)

By Application (oncology, cardiovascular, urology, gynecology, and others)

By End-User (ASCs, hospitals, and physicians' offices)

Microwave Ablation System Market, Regional Analysis

North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Microwave Ablation System Market Key Companies

AngioDynamics Inc, Medtronic Plc, Perseon, Medwaves Inc, NeuWave Medical Inc, Emblation Microwave Ltd, Miramar Labs Inc, Symple Surgical, Tactile Medical, and Urologix

Microwave Ablation System Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the Microwave Ablation System Market?

  • In 2021, based on the product, the equipment segment dominated the microwave ablation system market due to increased demand for minimally invasive treatments like microwave and radiofrequency ablation, among others, and growing technological developments in thermal ablation systems and catheters that are broadening the use of already existing goods.
  • In 2021, based on the application, the oncology segment dominated the microwave ablation system market due to rising cancer rates and related mortality risk. Around 18.1 million new cases were recorded globally in 2018, according to data released by the National Institute of Cancer.
  • In 2021, based on the end user, the hospital segment dominated the microwave ablation system market because of the growing number of hospitals and the availability of modern treatment alternatives, as well as the presence of qualified healthcare professionals and substantial efforts by market players to educate and inform professionals about available advanced ablation technologies in the industry.

Which region dominated the Microwave Ablation System Market?

North America is expected to dominate the highest market share in the global microwave ablation system market owing to the high rate of cancer, high level of purchasing power, developments in technology, and government backing for high-quality healthcare. The major players in the area are using their research and invention to create novel microwave ablation devices. For instance, the Johnson & Johnson Medical Devices Company subsidiary Ethicon announced in July 2020 that the FDA had authorized its NEUWAVE Microwave Ablation System. According to Medtronic plc, the Emprint ablation catheter kit will also get a breakthrough device designation status award from the US Food and Drug Administration (FDA) in April 2021.

microwave-ablation-system-market

How US Market is Performing in the Microwave Ablation System Market?

The US market is expected to dominate the highest market share in the North American microwave ablation system market owing to the major players in the area using their research and invention to create novel microwave ablation devices. For instance, the Johnson & Johnson Medical Devices Company subsidiary Ethicon announced in July 2020 that the FDA had authorized its NEUWAVE Microwave Ablation System. According to Medtronic plc, the Emprint ablation catheter kit will also get a breakthrough device designation status award from the US Food and Drug Administration (FDA) in April 2021.  

What is the competitive environment of the Microwave Ablation System Market?

In the projection period of 2021 to 2028, technological advancements and introduction of new products expand lucrative opportunities. Utilizing their research and inventiveness, the businesses are creating cutting-edge microwave ablation technologies. For example, The U.S. Food and Drug Administration (FDA) authorized Ethicon's NEUWAVE Microwave Ablation System in July 2020, according to the Johnson & Johnson Medical Devices Company subsidiary.

Executive Summary

What are all the developments being developed in the microwave ablation system market?

The market for microwave ablation systems benefits from the rising number of product releases and strategic alliances among the market's participants. Industry participants actively engage in technology developments and tactical alliances to diversify their product offerings. For instance, Medtronic introduced the Arctic Front Cardiac Cryoablation Catheter System in November 2021 in India, which is used to treat atrial fibrillation (AF). This has helped the business expand its line of ablation devices, providing prospects for the market to see revenue development.

Which are the key investments by the Microwave Ablation System Market players?

The market for ablation devices is impacted by the rising trend of employing RF ablation to treat cancer and the introduction of next-generation ablation products and technology. Additionally, the market for ablation devices is favorably impacted by a rise in healthcare financing from both the public and private sectors, the adoption of cutting-edge technology, and an increase in healthcare spending, research and development activities, and investments.

Some of the major players in the market are AngioDynamics Inc, Medtronic Plc, Perseon, Medwaves Inc, NeuWave Medical Inc, Emblation Microwave Ltd, Miramar Labs Inc, Symple Surgical, Tactile Medical, and Urologix.

What are the Major Driving Factors for the Microwave Ablation System Market?

One of the key reasons propelling the market for ablation devices is the rising prevalence of chronic and cardiovascular illnesses. Additionally, the rise in the senior population susceptible to illnesses and the increased consumer preference for minimally invasive procedures due to their numerous advantages, such as quick recovery and reduced discomfort, accelerate the growth of the ablation devices market. Additionally, the market for microwave ablation devices will expand due to people's changing lifestyles, bad eating habits, and use of cigarettes and alcohol. These factors are all contributing to an increase in cancer incidence.

What are the Major Risks for the Microwave Ablation System Market?

The high cost associated with the components is the major restraint of the microwave ablation system market. On the other hand, an unfavorable regulatory environment and problems with device reuse and reprocessing in developing nations are projected to hinder the market growth for microwave ablation systems.

Which is the key application in the Microwave Ablation System Market?

The microwave ablation system application is classified into oncology, cardiovascular, urology, gynecology, and others. A rising incidence of cancer and its related risk of death have made the oncology section dominant. Furthermore, the market for microwave ablation devices is influenced by the rising popularity of RF ablation as a cancer treatment and the introduction of next-generation ablation products and technology.

How is the Microwave Ablation System Market performing in regions?

In 2021, the North American area led and had the largest market share for microwave ablation systems. The American Cancer Society reports that throughout the area, in 2018, there were over 1.9 million new cases of cancer and 693,000 fatalities. Additionally, the senior population is more susceptible to some chronic diseases owing to structural changes brought on by age, which is driving up demand for treatment processes that will help products find success in the North American market.

Moreover, the market for microwave ablation devices is predicted to expand more quickly in Asia-Pacific outside of Japan than in other areas due to the country's and China's growing senior populations. Due to a shortage of qualified healthcare personnel in the Middle East, Africa, and Latin America, the market for microwave ablation equipment is anticipated to expand more slowly in these regions.

What is the regulatory landscape for the Microwave Ablation System Market?

The regulatory landscape for the microwave ablation system market is that governments are discovering a stricter regulatory approach across regions for quality healthcare due to the introduction of advanced technology, improving healthcare infrastructure and growing economic conditions in emerging economies such as China and India.

What is the Market Size of Microwave Ablation regarding value?

The global microwave ablation system market is anticipated to grow at a substantial CAGR of XX% in the upcoming years. The global microwave ablation system market was estimated to be worth USD XX million in 2021 and was expected to be worth USD XX million by 2028.

What are the major players planning for the future of the Microwave Ablation System Market?

With the emergence of many strong competitors, the previously fairly concentrated global microwave ablation system market is becoming increasingly varied. Simultaneously, most new microwave ablation system enterprises in the global market plan new product development and product portfolio expansion through investments and innovations. With their research and invention, the firms are producing cutting-edge microwave ablation devices. For instance, Ethicon (a subsidiary of Johnson & Johnson Medical Devices Company) announced in July 2020 that the U.S. Food and Drug Administration (FDA) had authorized its NEUWAVE Microwave Ablation System. Additionally, the FDA granted the Emprint ablation catheter kit a breakthrough device designation status award in April 2021, according to Medtronic plc.

Segmentation of Global Microwave Ablation System Market-

Global Microwave Ablation System Market – By Product

  • Equipments
  • Consumables

Global Microwave Ablation System Market – By Application

  • Oncology
  • Cardiovascular
  • Urology
  • Gynaecology
  • Others

Global Microwave Ablation System Market – By End User

  • ASCs
  • Hospitals
  • Physicians' offices

Global Microwave Ablation System Market – By Region

  • 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 Middle East and Africa

Frequently asked questions about the global Microwave Ablation System Market

One of the key reasons propelling the market for ablation devices is the rising prevalence of chronic and cardiovascular illnesses. Additionally, the rise in the senior population susceptible to illnesses and the increased consumer preference for minimally invasive procedures due to their numerous advantages, such as quick recovery and reduced discomfort, accelerate the growth of the ablation devices market. Additionally, the market for microwave ablation devices will expand due to people's chan

The global microwave ablation system market is anticipated to grow at a substantial CAGR of XX% in the upcoming years. The global microwave ablation system market was estimated to be worth USD XX million in 2021 and was expected to be worth USD XX million by 2028.

North America is expected to dominate the highest market share in the global microwave ablation system market owing to the high rate of cancer, high level of purchasing power, developments in technology, and government backing for high-quality healthcare. The major players in the area are using their research and invention to create novel microwave ablation devices. For instance, the Johnson & Johnson Medical Devices Company subsidiary Ethicon announced in July 2020 that the FDA had authorized i

Some of the major players in the market are AngioDynamics Inc, Medtronic Plc, Perseon, Medwaves Inc, NeuWave Medical Inc, Emblation Microwave Ltd, Miramar Labs Inc, Symple Surgical, Tactile Medical, and Urologix.

In 2021, based on the application, the oncology segment dominated the microwave ablation system market due to rising cancer rates and related mortality risk. Around 18.1 million new cases were recorded globally in 2018, according to data released by the National Institute of Cancer.

Microwave Ablation System Market Scope

Report Attribute Details
Market Value in 2021 USD XX million
Market Value in 2028 USD XX million
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Nov 2022
Category:  Medical Devices
Report ID:   60811
Report Format:   PDF
Pages:   140
Rating:    4.7 (50)
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