Ablation Technology Market - Global Industry Analysis

Ablation Technology Market By Application (Cardiovascular Disease Treatment, Cancer Treatment, Ophthalmologic Treatment, Pain Management, Gynecological Treatment, Urological Treatment, Orthopedic Treatment, Cosmetic/ Aesthetic Surgery, Other Treatments), By Product Type (Radiofrequency Ablators, Laser/Light Ablators, Ultrasound Ablators, Electrical Ablators, Cryoablation Devices, Microwave Ablators, Hydrothermal/Hydromechanical Ablators), By Type (Radiofrequency Ablation, Laser/Light Ablation, Ultrasound Ablation, Electrical Ablation, Cryoablation, Microwave Ablation, Hydrothermal/Hydromechanical Ablation), By End User (Hospitals, surgical centers, and ablation centers, Ambulatory Surgical Centers, Medical Spas & Aesthetic clinics, Other End Users), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 14-Apr-2022 Category: Medical Device Report Format : PDF Pages: 180 Report Code: ZMR-544 Status : Published

The global ablation technology market was worth around USD 4,921.70 million in 2021 and is estimated to grow to about USD 8,299.72 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.1 percent over the forecast period.

Description

Industry Prospective:

The global ablation technology market was worth around USD4,921.70 million in 2021 and is estimated to grow to about USD8,299.72 million by 2028, with a compound annual growth rate (CAGR)of approximately 9.1 percent over the forecast period. The reportanalyzes the Ablation Technology market’s drivers,restraints/challenges, and the effect they have on the demandsduring the projection period. In addition, the report exploresemerging opportunities in the Ablation Technology market.

Ablation Technology Market: Overview

Ablation Technology is widely used for the treatment of cancerpatients and is a relatively new technology in the world of cancertreatments. Rising focus on improving the global healthcareinfrastructure and increasing technological proliferation inhealthcare are expected to be major trends driving the ablationtechnology market growth in the long run.

The rising geriatric population, increasing research anddevelopment activity in the healthcare industry, growing instancesof cancer among the population, and increasing demand for minimallyinvasive procedures are some major factors that will propelablation technology market growth over the forecast period.

However, the lack of awareness, concerns regarding the efficacyof the ablation technology and frequent product recalls of ablationtechnology treatment products are expected to have a hinderingeffect on the ablation technology market potential through2028.

COVID-19 Impact:

The COVID-19 pandemic revolutionized the healthcare industry andcaused the world to rethink its complete healthcare infrastructure.As coronavirus infections spread like wildfire the focus ontreating and containing the spread of these infections became theprime focus of the healthcare industry and resulted in a negativegrowth trend for all other aspects such as the ablation technologymarket. 

The drop in research and development activities, drop in use ofablation technologies, and multiple changes to pharmaceutical andhealthcare industries also further slowed down the ablationtechnology market growth in 2020. Lack of diagnostic opportunitiesand lack of resources for treatment were also factors hamperingablation technology market potential in the pandemic.

The ablation technology market is expected to make a goodrecovery in the post-pandemic era and is expected to see goodgrowth through the forecast period as technological proliferationin healthcare increases at a prominent pace.

Global Ablation Technology Market

Ablation Technology Market: Growth Drivers

Increasing Popularity of minimally invasiveProcedures

Minimally invasive surgeries and procedures have gained massivepopularity over recent years owing to the fast recovery and lessinconvenience that they offer against invasive procedures.Increasing preference of patients for less hospitalization, risingfocus on patient safety, and increasing instances ofhospital-acquired infections are some factors that will favor theablation technology market growth over the forecast period.

The use of ablation technology will also reduce the costs ofsurgeries and hence will be a major factor that will positivelyinfluence the ablation technology market growth in the longrun.

Ablation Technology Market: Restraints

Presence of alternative treatmentprocedures

Ablation Technology is not as popular as the alternativeprocedures that are present for cancer treatment are more preferredby patients owing to high awareness and proven efficacy intreatment. Lack of awareness, less availability, and regulatoryconcerns regarding the use of ablation technology in treatment areexpected to majorly hamper the ablation technology marketgrowth.

Ablation technology companies can focus on creating awarenessand boosting their revenue potential over the forecast period.Government initiatives to boost awareness for use of noveltreatments will also help ablation technology market to overcomethese restraints through 2028

Global Ablation Technology Market:Segmentation

The global Ablation Technology market is segregated based onproduct, type, application, end user, and region.

By Product, the market is divided into Radiofrequency Ablators,Laser/Light Ablators, Ultrasound Ablators, Electrical Ablators,Cryoablation Devices, Microwave Ablators,hydrothermal/Hydromechanical Ablators. The radiofrequency ablatorssegment is expected to have a dominant outlook over the forecastperiod owing to rapid adoption by multiple ablation technologycompanies.

By Application, the Ablation Technology market is segmented intoCardiovascular Disease Treatment, Cancer Treatment, OphthalmologicTreatment, Pain Management, Gynecological Treatment, UrologicalTreatment, Orthopedic Treatment, Cosmetic/ Aesthetic Surgery, andOther Treatments. The cardiovascular treatment segment is expectedto have a bright outlook over the forecast period. Increasinginstances of cardiovascular diseases and increasing advancements incardiovascular treatments are expected to propel this segmentgrowth through 2028.  

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and MiddleEast & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain,China, India, Japan, South Korea, Brazil, Argentina, GCC Countries,and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companiesupon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s fiveforces analysis, PEST analysis, value chain analysis, regulatorylandscape, market attractiveness analysis by segments and region,company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact researchneeds.

Recent Developments

  • In June 2021 – Boston Scientific, a leading name in thehealthcare industry announced the acquisition of FARAPULSE whosenotable pulsed-field ablation technology will now be a part ofBoston’s product portfolio.

Regional Landscape

The Asia Pacific region will provide highly lucrativeopportunities for the Ablation Technology market over the forecastperiod. The increasing prevalence of multiple diseases, increasingfocus on healthcare, and increasing use of technology are expectedto be the major factors propelling the ablation technology marketgrowth in this region through 2028. India and China are expected tobe the most prominent markets in this region.

The ablation technology market in North America is alsoanticipated to have a bright outlook owing to the presence ofdeveloped healthcare infrastructure and the rising popularity ofminimally invasive surgeries will drive the market growth. TheUnited States will be the most prominent market in this region overthe forecast period.

Competitive Landscape

Some of the main competitors dominating the global AblationTechnology market include - Medtronic, plc. (Ireland), Johnson &Johnson (US), Abbott (US), and Boston Scientific Corporation (US)and CONMED Corporation (US), AngioDynamics, Inc. (US), AtriCure,Inc. (US), Smith & Nephew plc (UK), Olympus Corporation (Japan),Varian Medical Systems (UK), Stryker (US), Dornier MedTech(Germany), Cynosure (US) and InMode (US).

Global Ablation Technology market is segmented asfollows:

By Application

  • Cardiovascular Disease Treatment
  • Cancer Treatment
  • Ophthalmologic Treatment
  • Pain Management
  • Gynecological Treatment
  • Urological Treatment
  • Orthopedic Treatment
  • Cosmetic/ Aesthetic Surgery
  • Other Treatments

By Product Type

  • Radiofrequency Ablators
  • Laser/Light Ablators
  • Ultrasound Ablators
  • Electrical Ablators
  • Cryoablation Devices
  • Microwave Ablators
  • Hydrothermal/Hydromechanical Ablators

By Type

  • Radiofrequency Ablation
  • Laser/Light Ablation
  • Ultrasound Ablation
  • Electrical Ablation
  • Cryoablation
  • Microwave Ablation
  • Hydrothermal/Hydromechanical Ablation

By End User

  • Hospitals, surgical centers, and ablation centers
  • Ambulatory Surgical Centers
  • Medical Spas & Aesthetic clinics
  • Other End Users

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

The ablation technology is used for the treatment of several healthcare problems which include cancer, cardiovascular problems, orthopedics, pain management, urology, gynecology, and many others. The treatment based on the ablation technology involves negligible invasion along with the minimum damage to the tissues and organs surrounding the infected organ. The inclination of the patients towards the advanced technology based treatment which gives instant results with minimum side effects are projected to drive the ablation technology market over the forecast period. 

As per the World Health Organization, cardiovascular diseases are one of the main causes of death worldwide. About 17.5 million people died due to cardiovascular disease in 2015 representing 31% of all global deaths. Additionally, as per the World Health Organization estimates, 8.8 million deaths resulted due to cancer in 2015. Globally, approximately 1 in 6 deaths is because of cancer. Also, the global burden of these disorders is increasing further owing to the increasing geriatric population base across the world. According to the World Health Organization, the number of people who aged 60 or above is expected to be doubled by 2050 growing from 962 million globally in 2017 to 2.1 billion in 2050. Thus, ablation technology market has vast potential in terms of large patient pool and upsurge need for significant treatment.

Global Ablation Technology Market

The ablation technology market is segmented on the basis of product type as hydrothermal, microwave, cryotherapy, electrical, laser, ultrasound and the radiofrequency. By product, the radiofrequency segment is estimated to cover the maximum market value share due to its comparatively lower price as compared to the other technologies which make it more preferable for the patients.

Based on application, ablation technology is segmented as cancer, cardiovascular, orthopedics, pain management, urology, gynecology, and others. By application, cancer is expected to occupy the largest market value share due to the increasing cases of cancer which has created the upsurge need for the treatment.
 
Based on end-use, ablation technology is segmented as hospitals, clinics, and others. By end user, the hospital segment is estimated to be the prominent segment and will show significant CAGR growth over estimated time.

North America is anticipated to be the dominant region in the ablation technology market over the forecast period. Favorable government policies supporting the invasion of new and advanced procedures for the treatment, development in the healthcare infrastructure, and research granted by the government and ruling authorities are expected to propel the growth of the ablation technology market in this region. Europe is the second largest market followed by the Asia Pacific. Increasing geriatric population base in the Asia Pacific region, especially India, China, and Japan is the significant accelerating factor for the growth of the ablation technology market in this region. Asia Pacific is expected to show the fastest CAGR growth during the forecast period while Latin America market is projected to grow at a low to moderate rate during the forecast period. The Middle East and Africa are also expected to cover the prominent market value share in the ablation technology global market.

Some of the key players in ablation technology market include Johnson & Johnson, Boston Scientific Corporation, Medtronic plc, Medical, Inc., Olympus Corporation, Conmed Corporation, AtriCure, Inc., AngioDynamics, Inc., BTG plc, Stryker Corporation, Hologic, Inc., Misonix, Inc, Elekta AB., EDAP TMS S.A., Terumo Corporation, Abbott Laboratories, Integra Life Sciences Holdings Corporation, Merit Medical Systems, Halyard Health, Inc. and Japan Lifeline Co., Ltd., among others.

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FrequentlyAsked Questions

Increasing demand focus on healthcare, rising cancer patients, and increasing demand for minimally invasive procedures are some major trends that guide Ablation Technology market growth.

 

According to the Zion Market Research report, the global Ablation Technology market was worth about US$ 4,921.70 million in 2021 and is predicted to grow to around US$ 8,299.72 million by 2028, with a compound annual growth rate (CAGR) of around 9.1 percent.

The Asia Pacific region will provide highly lucrative opportunities for the Ablation Technology market over the forecast period. The increasing prevalence of multiple diseases, increasing focus on healthcare, and increasing use of technology are expected to be the major factors propelling the ablation technology market growth

Some of the main competitors dominating the global Ablation Technology market include -- Medtronic, plc. (Ireland), Johnson & Johnson (US), Abbott (US), and Boston Scientific Corporation (US) and CONMED Corporation (US), AngioDynamics, Inc. (US), AtriCure, Inc. (US), Smith & Nephew plc (UK), Olympus Corporation (Japan), Varian Medical Systems (UK), Stryker (US), Dornier MedTech (Germany), Cynosure (US) and InMode (US).

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