Medical Ablation Technology Market Size, Share, Growth Report 2030

Medical Ablation Technology 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 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.

Request Free Sample

COVID-19 Impact Analysis:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, so and, the long-term effects are projected to impact 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.

Medical Ablation Technology Market: 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, an increasingly obese population, increasing awareness regarding aesthetic procedures, and rising adoption of minimally invasive devices. Moreover, emerging technologies for tumor management and the increasing prevalence of cardiovascular diseases are projected to fuel the growth of the medical ablation technology market. On another hand, the high cost of treatment and low awareness of 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. The 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 others. The oncology ablation segment is the largest segment in the medical ablation technology market and is expected to maintain its dominance during the forecast period.

Medical Ablation Technology Market: Regional Analysis Preview

The Medical Ablation Technology market was led by North America with a 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 the Asia Pacific. 

Request Free Sample

Medical Ablation Technology Market: Key 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 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.

Request Free Sample

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 the Middle East & Africa