Market Overview:
The global microwave ablation systems market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cancer, technological advancements in microwave ablation systems, and rising demand for minimally invasive procedures.
Product Definition:
Microwave ablation systems are medical devices that use microwave energy to heat and destroy cancer cells. The devices have a probe that is inserted into the cancerous tumor. Microwave energy is then applied to the probe, which heats and destroys the cancer cells.
Oncology Microwave Ablation System:
Oncology Microwave Ablation System is a device that uses microwaves to destroy cancer cells. The microwave oven has a special frequency range which allows the water molecules to align in such a way that they form an ionized trail and it leads to heating of the cell membranes without affecting other parts of the body. This effect is called as dielectric heating and it damages or destroys cancer cells with no harm done to healthy tissues.
Cardiovascular Microwave Ablation System:
The cardiovascular microwave ablation system is used for the treatment of patients suffering from life-threatening heart conditions. The device uses high-frequency sound waves to destroy tissues and heat to kill cells within the targeted area. This results in a reduced or normal functioning of the heart muscle, which reduces or eliminates symptoms such as chest pain, shortness in breath, and palpitations (fast heartbeat).
Application Insights:
The treatment of liver tumors segment dominated the global market in 2017. The high prevalence of hepatocellular carcinoma (HCC) and other liver disorders coupled with the availability of effective treatment options is anticipated to drive demand for MMWA systems in this application segment over the forecast period. HCC is one of the most common cancers worldwide, with an estimated 10-year survival rate ranging from 15% to 25%. In addition, as per data published by WHO, around 1 Liver Cancer Day Care Center every day treats more than 200 patients suffering from HCC across Europe and North America.
Oncology microwave ablation system was another prominent application segment that accounted for a significant share in 2017 owing to increasing cancer incidence rates globally coupled with rising adoption due to benefits such as reduced pain & trauma associated ablation procedures along with cost-effectiveness comparedto conventional methods.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as increasing R&D investments by key companies, presence of well-established healthcare infrastructure and high adoption rate of advanced technologies in this region. Moreover, growing oncology cases due to various reasons is expected to drive the regional market during the forecast period. For instance, according to statistics published by American Cancer Society in 2018, more than 1 million new cases were estimated to be diagnosed in U.S.
Asia Pacific region is anticipated witness lucrative growth during the forecast period owing its large population base suffering from chronic diseases such as cardiovascular disorders and cancer that need surgical intervention at regular intervals along with rising disposable income among people living below poverty line (BPL).
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is the major growth driver for the microwave ablation systems market. According to the World Health Organization (WHO), in 2012, there were 14 million new cases of cancer and 8.2 million deaths due to cancer worldwide. This number is expected to increase to 21 million new cases and 13 million deaths by 2030. This will create a large demand for microwave ablation systems as they are used for the treatment of various types of cancers.
- Technological advancements: The technological advancements in microwave ablation systems are another major growth driver for this market. These advancements have led to the development of novel devices that offer better performance and efficiency than traditional devices used for tumor removal or lesion treatment procedures such as radiofrequency (RF) ablation or cryoablation therapy .This has resulted in an increased adoption rateof these systems, thereby drivingthe market growth .
Scope Of The Report
Report Attributes
Report Details
Report Title
Microwave Ablation Systems Market Research Report
By Type
Oncology Microwave Ablation System, Cardiovascular Microwave Ablation System, Orthopaedics Microwave Ablation System, Others
By Application
Treatment of Liver Tumors, Treatment of Renalcarcinoma, Others
By Companies
Medtronic, Covidien, Terumo, MedWaves, Emblation Microwave, AngioDynamics, NeuWave Medical, Symple Surgical, Vison Medical USA, ECO, MOSS S.p.A, Delta Medisains, MimaPro
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Microwave Ablation Systems Market Report Segments:
The global Microwave Ablation Systems market is segmented on the basis of:
Types
Oncology Microwave Ablation System, Cardiovascular Microwave Ablation System, Orthopaedics Microwave Ablation System, Others
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
Treatment of Liver Tumors, Treatment of Renalcarcinoma, 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:
- Medtronic
- Covidien
- Terumo
- MedWaves
- Emblation Microwave
- AngioDynamics
- NeuWave Medical
- Symple Surgical
- Vison Medical USA
- ECO
- MOSS S.p.A
- Delta Medisains
- MimaPro
Highlights of The Microwave Ablation Systems 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:
- Oncology Microwave Ablation System
- Cardiovascular Microwave Ablation System
- Orthopaedics Microwave Ablation System
- Others
- By Application:
- Treatment of Liver Tumors
- Treatment of Renalcarcinoma
- 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 Microwave Ablation Systems 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.
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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?
Microwave ablation systems are a type of medical device that use microwaves to destroy tissue. Microwave ablation is a treatment option for various types of cancer, including head and neck cancer, pancreatic cancer, and ovarian cancer.
Some of the major players in the microwave ablation systems market are Medtronic, Covidien, Terumo, MedWaves, Emblation Microwave, AngioDynamics, NeuWave Medical, Symple Surgical, Vison Medical USA, ECO, MOSS S.p.A, Delta Medisains, MimaPro.
The microwave ablation systems market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Microwave Ablation Systems 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 Microwave Ablation Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Microwave Ablation Systems 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 Microwave Ablation Systems 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 Microwave Ablation Systems Market Size & Forecast, 2018-2028
4.5.1 Microwave Ablation Systems Market Size and Y-o-Y Growth
4.5.2 Microwave Ablation Systems Market Absolute $ Opportunity
Chapter 5 Global Microwave Ablation Systems 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 Microwave Ablation Systems Market Size Forecast by Type
5.2.1 Oncology Microwave Ablation System
5.2.2 Cardiovascular Microwave Ablation System
5.2.3 Orthopaedics Microwave Ablation System
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Microwave Ablation Systems 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 Microwave Ablation Systems Market Size Forecast by Applications
6.2.1 Treatment of Liver Tumors
6.2.2 Treatment of Renalcarcinoma
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Microwave Ablation Systems 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 Microwave Ablation Systems 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 Microwave Ablation Systems Analysis and Forecast
9.1 Introduction
9.2 North America Microwave Ablation Systems 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 Microwave Ablation Systems Market Size Forecast by Type
9.6.1 Oncology Microwave Ablation System
9.6.2 Cardiovascular Microwave Ablation System
9.6.3 Orthopaedics Microwave Ablation System
9.6.4 Others
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 Microwave Ablation Systems Market Size Forecast by Applications
9.10.1 Treatment of Liver Tumors
9.10.2 Treatment of Renalcarcinoma
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 Microwave Ablation Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Microwave Ablation Systems 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 Microwave Ablation Systems Market Size Forecast by Type
10.6.1 Oncology Microwave Ablation System
10.6.2 Cardiovascular Microwave Ablation System
10.6.3 Orthopaedics Microwave Ablation System
10.6.4 Others
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 Microwave Ablation Systems Market Size Forecast by Applications
10.10.1 Treatment of Liver Tumors
10.10.2 Treatment of Renalcarcinoma
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 Microwave Ablation Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Microwave Ablation Systems 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 Microwave Ablation Systems Market Size Forecast by Type
11.6.1 Oncology Microwave Ablation System
11.6.2 Cardiovascular Microwave Ablation System
11.6.3 Orthopaedics Microwave Ablation System
11.6.4 Others
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 Microwave Ablation Systems Market Size Forecast by Applications
11.10.1 Treatment of Liver Tumors
11.10.2 Treatment of Renalcarcinoma
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 Microwave Ablation Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Microwave Ablation Systems 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 Microwave Ablation Systems Market Size Forecast by Type
12.6.1 Oncology Microwave Ablation System
12.6.2 Cardiovascular Microwave Ablation System
12.6.3 Orthopaedics Microwave Ablation System
12.6.4 Others
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 Microwave Ablation Systems Market Size Forecast by Applications
12.10.1 Treatment of Liver Tumors
12.10.2 Treatment of Renalcarcinoma
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) Microwave Ablation Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Microwave Ablation Systems 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) Microwave Ablation Systems Market Size Forecast by Type
13.6.1 Oncology Microwave Ablation System
13.6.2 Cardiovascular Microwave Ablation System
13.6.3 Orthopaedics Microwave Ablation System
13.6.4 Others
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) Microwave Ablation Systems Market Size Forecast by Applications
13.10.1 Treatment of Liver Tumors
13.10.2 Treatment of Renalcarcinoma
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 Microwave Ablation Systems Market: Competitive Dashboard
14.2 Global Microwave Ablation Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Covidien
14.3.3 Terumo
14.3.4 MedWaves
14.3.5 Emblation Microwave
14.3.6 AngioDynamics
14.3.7 NeuWave Medical
14.3.8 Symple Surgical
14.3.9 Vison Medical USA
14.3.10 ECO
14.3.11 MOSS S.p.A
14.3.12 Delta Medisains
14.3.13 MimaPro
