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Medical Ablation Technology Market By Technology Type (Thermal Ablation, Radiofrequency Ablation, Microwave Ablation, Laser Ablation, Cryoablation And Others) For Application Type (Cardiovascular Ablation, Urological Ablation, Neurological Ablation, Gynecological Ablation, Oncology Ablation, Ophthalmology Ablation And Other): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 23-Jul-2021 Category: Medical Device Report Format : PDF Pages: 163 Report Code: ZMR-369 Status : Published

The global Medical Ablation Technology Market accounted for USD 9.45 Billion in 2020 and is expected to reach USD 16.25 Billion by 2028, growing at a CAGR of 6.7% from 2021 to 2028.

Description

Market Overview   

The global Medical Ablation Technology Market accounted for USD 9.45 Billion in 2020 and is expected to reach USD 16.25 Billion by 2028, growing at a CAGR of 6.7% from 2021 to 2028.    

Medical ablation is that the treatment that destroys tumors or unwanted material without affecting other body tissues or organs. due to poor health or reduced organ function, these techniques are widely wont to treat cancer, cardiovascular, and other chronic diseases. Within the treatment of chronic diseases, medical ablation plays a prime role in the removal or destruction of abnormal tissue. Medical ablation is often avoided by surgery by insertion of the probe or a needle through the skin into the tumor. Medical ablation may be a minimally invasive operation. The foremost common sorts of cancers treated by medical ablation are kidney (renal) cancer, cancer of the liver and lung cancer.

COVID-19 Impact Analysis:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. The industry is responding to COVID-19 with immediate changes designed to ensure the uninterrupted production of necessary devices while keeping workers safe. The manufacturers and government are working together to understand the need, changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the impact of significant interventions of governments.

Growth Factors

The global Medical Ablation Technology market is primarily driven by the expansion of the medical device industry in the Asia Pacific region, especially in China, India and Japan. Another major driving factor is the increasing demand for minimally invasive procedures coupled with technological innovations, increasing obese population, increasing awareness regarding aesthetic procedures and rising adoption of minimally invasive devices. Moreover, emerging technologies for tumor management and increasing prevalence of cardiovascular diseases are projected to fuel the growth of medical ablation technology market. On another hand, the high cost of treatment and low awareness towards medical ablation technology may hamper the growth of the medical ablation technology market. Nonetheless, the untapped market and increasing demand for medical tourism in emerging markets are likely to open new opportunities in the forecast period. 

Report Scope:

Technology Segment Analysis Preview

Based on the technology type, the market of medical ablation technology has been classified into thermal ablation, radiofrequency ablation, microwave ablation, laser ablation, cryoablation, and others. Radiofrequency ablation is a widely used technology for the treatment of tumors. Radiofrequency ablation segment acquired the largest market share in 2019 and during the forecast period the laser ablation segment is projected to grow at a healthy rate. 

Application Segment Analysis Preview

Based on the application the market of medical ablation technology has been segmented as cardiovascular ablation, urological ablation, neurological ablation, gynecological ablation, oncology ablation, ophthalmology ablation and other. Oncology ablation segment is the largest segment in the medical ablation technology market and is expected to maintain its dominance during the forecast period.

Regional Analysis Preview

The Medical Ablation Technology market was led by North America with the share of over 40% in 2020. This area is anticipated to carry on its supremacy in the Medical Ablation Technology market in the coming years. The attendance of a huge base of major players in this area paired with technological improvements is anticipated to assist the region to maintain its dominance in the global Medical Ablation Technology market in the years to come.  With increasing cases of cancer cases and increasing medical tourism, Asia Pacific is expected to experience high growth in the forecast period in Asia Pacific. 

Key Market Players & Competitive Landscape

Some of the key players in the Medical Ablation Technology market include Lumenis Ltd., Mentor Worldwide LLC, Merz, Inc., Alma Lasers, Allergan plc, Cutera, Inc., Galderma S.A., Cynosure, Inc.,  Syneron Medical Ltd., Solta Medical, Inc., and ZELTIQ Aesthetics, Inc.

Key players operating in medical ablation technology market are like Boston Scientific Corporation, Biosense Webster Inc., Olympus Corporation, AtriCure, Inc., Smith & Nephew plc, AngioDynamics Inc., Galil Medical Inc., CONMED Corporation, and St. Jude Medical Inc.

The global Medical Ablation Technology Market is segmented as follows:  

By Application

  • Cardiovascular Ablation  
  • Urological Ablation  
  • Neurological Ablation  
  • Gynecological Ablation  
  • Oncology Ablation  
  • Ophthalmology Ablation  
  • Other

By Technology

  • Thermal Ablation 
  • Radiofrequency Ablation
  • Microwave Ablation
  • Laser Ablation
  • Cryoablation
  • Other

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

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Application
        • 2.1.1.2. Market Attractiveness Analysis, By Technulogy
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Medical Ablation Technulogy Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Medical Ablation Technulogy Market – Application Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 4.2. Cardiovascular Ablation
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Urulogical Ablation
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Breast Enhancement
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Gyneculogical Ablation
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Onculogy Ablation
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Ophthalmulogy Ablation
      • 4.7.1. Market Size and Forecast, By Region (USD Billion)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.8. Other
      • 4.8.1. Market Size and Forecast, By Region (USD Billion)
      • 4.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.8.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Medical Ablation Technulogy Market – Product Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Technulogy, 2020 & 2028
    • 5.2. Thermal Ablation
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Radiofrequency Ablation
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Microwave Ablation
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Laser Ablation
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Others
      • 5.6.1. Market Size and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Medical Ablation Technulogy Market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Technulogy, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Application, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Technulogy, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Application, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Technulogy, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Application, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Technulogy, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Technulogy, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Application, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Technulogy, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Application, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Technulogy, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Application, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Technulogy, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Application, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Technulogy, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Application, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Technulogy, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Technulogy, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Application, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Technulogy, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Application, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Technulogy, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Application, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Technulogy, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Application, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Technulogy, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Application, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Technulogy, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Technulogy, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Application, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Technulogy, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Application, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Technulogy, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Application, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Technulogy, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Technulogy, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Application, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Technulogy, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Application, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Technulogy, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Technulogy, 2016 – 2028
  • Chapter No. 7: Medical Ablation Technulogy Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. By Technulogy Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Medical Ablation Technulogy Market : Company Market Share, 2019
      • 8.1.2. Global Medical Ablation Technulogy Market , Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Medical Ablation Technulogy Market , Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Medical Ablation Technulogy Market : Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Boston Scientific Corporation
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfulio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Biosense Webster Inc.
    • 9.3. Olympus Corporation
    • 9.4. AtriCure, Inc.
    • 9.5. Smith & Nephew plc
    • 9.6. AngioDynamics Inc.
    • 9.7. Galil Medical Inc.
    • 9.8. CONMED Corporation
    • 9.9. St. Jude Medical Inc.
    • 9.10. Others
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Medical Ablation Technology market. Zion Research has collected and analyzed key data belong to the global Medical Ablation Technology market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Medical Ablation Technology across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Medical Ablation Technology industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Medical Ablation Technology market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Medical ablation technology simplifies the surgery operations and makes it easier to perform, the incisions or surgical cut made in skin or organ are replaced with linear lines of ablation. Medical ablation technologies are used to produce a therapeutic effect or to destroy diseased tissues or organs. Medical ablation technologies use alternative energy types such as electrosurgical, radiation, and ultrasound. Benefits of medical ablation technologies include less damage to surrounding healthy tissue, less patient pain, improved the cosmetic result, reduced cost, and shorter hospital stay.

The increasing prevalence of cancer and rising mortality due to cancer is the major burden of disease worldwide. Globally, tens of millions of people are diagnosed with cancer and eventually more than half of the patients die from it. Cancer is the second most common cause of death followed by cardiovascular diseases. Worldwide, 14.1 million new patients diagnosed with cancer in 2012. Thus, the market of medical ablation technology is propelled by rising cancer population. Moreover, medical ablation technology has the strong hold on market due to rising cardiovascular diseases. Cardiovascular disease accounts for approximately 17.3 million deaths per year. In addition, medical ablation technology market is driven by emerging technologies in medical ablation and increasing geriatric & obese population. However, the cost of ablation treatment is the roadblock in the medical ablation technology market. Nonetheless, untapped market and rapidly increasing use of minimally invasive surgeries for chronic diseases management is projected to generate opportunity in the forecast period.

Global Medical Ablation Technology Market

Based on the technology type, the market of medical ablation technology has been classified into thermal ablation, radiofrequency ablation, microwave ablation, laser ablation, cryoablation and others. In 2015, radiofrequency ablation segment dominated the market of medical ablation technology with major market share. In the forecast period, laser ablation segment is expected to exhibit noticeable growth due to rising awareness of personal care. Laser ablation is a dynamic technology platform for chronic diseases to remove unwanted material from the irradiated zone.

Application type segment has been further classified into cardiovascular ablation, urological ablation, neurological ablation, gynecological ablation, oncology ablation, ophthalmology ablation and other. Oncology ablation segment is growing at the highest growth rate of more than 10.0% and in 2015, oncology ablation segment dominated the medical ablation technology market and the dominance of oncology ablation segment is due to increasing oncogenic population. As a result of this, medical ablation technology market is expected to generate new opportunities in the forecast period. Cardiovascular ablation segment is the second largest segment in the medical ablation technology market.

Based on the region, the medical ablation technology market is classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America dominated the medical ablation technology market in 2015. North America medical ablation technology market was driven by well-developed healthcare infrastructure and by rising prevalence of diabetes. Europe and Asia Pacific market are projected to show healthy growth in coming years due to increasing investment in healthcare research and development.

Key players operating in the medical ablation technology market are like Boston Scientific Corporation, Biosense Webster Inc., Olympus Corporation, AtriCure, Inc., Smith & Nephew plc, AngioDynamics Inc., Galil Medical Inc., CONMED Corporation and St. Jude Medical Inc.


Frequently Asked Questions

The global Medical Ablation Technology Market was valued at USD 9.45 Billion in 2020.

The global Medical Ablation Technology Market is expected to reach USD 16.25 Billion by 2028, growing at a CAGR of 6.7% between 2021 to 2028.

Certain factors that are driving the market growth include the increasing obese population, increasing awareness regarding aesthetic procedures, rising adoption of minimally invasive devices, and technological advancement in devices.

North America in 2020 ruled the  Medical Ablation Technology Market and was believed to be the highest income-generating area all over the globe.  

Key players operating in medical ablation technology market are like Boston Scientific Corporation, Biosense Webster Inc., Olympus Corporation, AtriCure, Inc., Smith & Nephew plc, AngioDynamics Inc., Galil Medical Inc., CONMED Corporation, and St. Jude Medical Inc.

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