Market Overview:
The global ablation electrode market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cancer, technological advancements in ablation devices, and rising demand for minimally invasive procedures. Based on type, the disposable segment is expected to account for the majority share of the global ablation electrode market in 2018. This can be attributed to factors such as growing preference for disposable devices over reusable devices and increasing awareness about hygiene and infection control measures. Based on application, radiofrequency ablation of liver and lung is expected to account for the largest share of the global market in 2018. This can be attributed to factors such as rising prevalence of liver cancer and lung cancer across the globe and growing adoption of minimally invasive procedures.
Product Definition:
Ablation electrode is a device used for surgical removal of tissue. It is a thin metal wire that is heated with an electric current to cause thermal damage to the tissue. The electrode can be inserted through a small incision in the skin or placed directly on the surface of the tissue.
Disposable:
The global disposable is expected to grow at a lucrative CAGR during the forecast period. The key drivers attributing to its growth include increasing prevalence of chronic diseases, rising demand for minimally invasive procedures and technological advancements in the field of disposable medical devices. Moreover, growing awareness levels among patients regarding new treatment modalities along with high cost-to-benefit ratio associated with these devices are also anticipated to boost market growth over the forecast period.
Reusable:
Reusable ablation electrodes are medical devices used for the treatment of cardiac arrhythmias and to treat chronic heart failure. These products are made up of stainless steel, titanium alloy or polycrystalline diamonds. The major advantage associated with these products is that they can be used multiple times without any ill effect on the patient.
Application Insights:
Radiofrequency ablation of liver and lung is expected to be the fastest-growing application segment owing to increasing prevalence of chronic diseases, such as non-alcoholic Steatohepatitis (NASH) and Chronic Obstructive Pulmonary Disease (COPD). According to a study published in 2018 by NCBI, it is estimated that around 60 million people across the globe have NASH. Radiofrequency ablation of liver and lung is considered as one of the best treatments for NASH.
The others segment includes radiofrequency ablation procedures for treatment of various other diseases/conditions, such as gynecological disorders, prostate cancer, skin lesions/cancers etc. Radiofrequency ablation has proved itself effective in treating various other conditions than just obesity or diabetes; thus driving its demand across several applications.
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing prevalence of cancer and other diseases, rising adoption of technologically advanced products, and presence of well-established healthcare facilities. Moreover, government initiatives for reimbursement are also expected to boost product demand over the forecast period. For instance, in May 2018, Medicare announced that it would be covering Ablation Electrodes System (AES) for certain procedures performed through EMR/MRA systems. This is likely to increase its usage rate in North America during the forecast period.
Asia Pacific is expected to grow at a lucrative rate during the forecast period due to factors such as improving healthcare infrastructure & availability of skilled professionals; growing awareness about ablation therapy; increasing disposable income; and rising patient pool suffering from cardiac disorders & cancer etc., especially in developing countries like India & China etc.
Growth Factors:
- Increasing incidence of cardiac arrhythmias: The increasing incidence of cardiac arrhythmias is one of the key growth drivers for the global ablation electrode market. This is because ablation electrodes are used to treat various types of cardiac arrhythmias.
- Growing demand for minimally invasive procedures: The growing demand for minimally invasive procedures is another key growth driver for the global ablation electrode market. This is because ablation electrodes are used in minimally invasive procedures to treat various types of cardiac arrhythmias.
- Technological advancements in ablation devices: The technological advancements in ablative devices are another key growth driver for the global Ablation Electrode market as they help improve patient outcomes and reduce procedure times and costs associated with these devices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ablation Electrode Market Research Report
By Type
Disposable, Reusable
By Application
Radiofrequency Ablation of Liver and Lung, Radiofrequency Ablation of Thyroid and Breast, Others
By Companies
Intelligent Health, Remedicine, AngioDynamics, APRO KOREA, Arthrex, Beijing Kestrel, Beijing ZKSK Technology, Mechan Medical, RF Medical, Boston Scientific, Johnson & Johnson Medical, Erbe Elektromedizin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Ablation Electrode Market Report Segments:
The global Ablation Electrode market is segmented on the basis of:
Types
Disposable, Reusable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Radiofrequency Ablation of Liver and Lung, Radiofrequency Ablation of Thyroid and Breast, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intelligent Health
- Remedicine
- AngioDynamics
- APRO KOREA
- Arthrex
- Beijing Kestrel
- Beijing ZKSK Technology
- Mechan Medical
- RF Medical
- Boston Scientific
- Johnson & Johnson Medical
- Erbe Elektromedizin
Highlights of The Ablation Electrode Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Disposable
- Reusable
- By Application:
- Radiofrequency Ablation of Liver and Lung
- Radiofrequency Ablation of Thyroid and Breast
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ablation Electrode Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An ablation electrode is a medical device that uses an electric current to destroy tissue.
Some of the major players in the ablation electrode market are Intelligent Health, Remedicine, AngioDynamics, APRO KOREA, Arthrex, Beijing Kestrel, Beijing ZKSK Technology, Mechan Medical, RF Medical, Boston Scientific, Johnson & Johnson Medical, Erbe Elektromedizin.
The ablation electrode market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ablation Electrode Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ablation Electrode Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ablation Electrode Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ablation Electrode Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ablation Electrode Market Size & Forecast, 2018-2028
4.5.1 Ablation Electrode Market Size and Y-o-Y Growth
4.5.2 Ablation Electrode Market Absolute $ Opportunity
Chapter 5 Global Ablation Electrode Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ablation Electrode Market Size Forecast by Type
5.2.1 Disposable
5.2.2 Reusable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ablation Electrode Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ablation Electrode Market Size Forecast by Applications
6.2.1 Radiofrequency Ablation of Liver and Lung
6.2.2 Radiofrequency Ablation of Thyroid and Breast
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ablation Electrode Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ablation Electrode Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ablation Electrode Analysis and Forecast
9.1 Introduction
9.2 North America Ablation Electrode Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ablation Electrode Market Size Forecast by Type
9.6.1 Disposable
9.6.2 Reusable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ablation Electrode Market Size Forecast by Applications
9.10.1 Radiofrequency Ablation of Liver and Lung
9.10.2 Radiofrequency Ablation of Thyroid and Breast
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ablation Electrode Analysis and Forecast
10.1 Introduction
10.2 Europe Ablation Electrode Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ablation Electrode Market Size Forecast by Type
10.6.1 Disposable
10.6.2 Reusable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ablation Electrode Market Size Forecast by Applications
10.10.1 Radiofrequency Ablation of Liver and Lung
10.10.2 Radiofrequency Ablation of Thyroid and Breast
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ablation Electrode Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ablation Electrode Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ablation Electrode Market Size Forecast by Type
11.6.1 Disposable
11.6.2 Reusable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ablation Electrode Market Size Forecast by Applications
11.10.1 Radiofrequency Ablation of Liver and Lung
11.10.2 Radiofrequency Ablation of Thyroid and Breast
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ablation Electrode Analysis and Forecast
12.1 Introduction
12.2 Latin America Ablation Electrode Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ablation Electrode Market Size Forecast by Type
12.6.1 Disposable
12.6.2 Reusable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ablation Electrode Market Size Forecast by Applications
12.10.1 Radiofrequency Ablation of Liver and Lung
12.10.2 Radiofrequency Ablation of Thyroid and Breast
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ablation Electrode Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ablation Electrode Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ablation Electrode Market Size Forecast by Type
13.6.1 Disposable
13.6.2 Reusable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ablation Electrode Market Size Forecast by Applications
13.10.1 Radiofrequency Ablation of Liver and Lung
13.10.2 Radiofrequency Ablation of Thyroid and Breast
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ablation Electrode Market: Competitive Dashboard
14.2 Global Ablation Electrode Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intelligent Health
14.3.2 Remedicine
14.3.3 AngioDynamics
14.3.4 APRO KOREA
14.3.5 Arthrex
14.3.6 Beijing Kestrel
14.3.7 Beijing ZKSK Technology
14.3.8 Mechan Medical
14.3.9 RF Medical
14.3.10 Boston Scientific
14.3.11 Johnson & Johnson Medical
14.3.12 Erbe Elektromedizin
