Market Overview:
The global medical ablation technology market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market is segmented by type, application, and region. By type, the market is divided into thermal ablation, radiofrequency ablation (RFA), microwave ablation (MWA), laser ablation (LA), cryoablation, and other types. Thermal ablations are the most common type of ablations and are used for a wide range of applications such as cardiovascular diseases, urological diseases, neurological disorders etc. Radiofrequency ablations are used for treating tumors in various organs such as liver, pancreas etc., whereas microwave ablations are used for treating tumors in the brain. Laser ablations are used for eye surgeries such as cataract removal surgery and corneal surgeries. The application segment includes cardiovascular diseases (CVDs), urological diseases including prostate cancer treatment & BPH management , neurology disorders including Parkinson’s disease & essential tremor management , gynecological conditions like uterine fibroids & endometriosis treatment , oncology treatments like tumor removal/debulking procedures & palliative care , ophthalmology treatments like glaucoma surgery & age-related macular degeneration (AMD) treatment .
Product Definition:
Ablation technology is a medical procedure that uses heat, cold, or radiation to destroy or remove abnormal tissue. Ablation technology is used to treat a variety of conditions, including cancer, heart disease, and liver tumors.
Thermal Ablation :
Thermal ablation is a minimally invasive surgical procedure used to treat patients suffering from malignant skin tumors. The process involves the use of extremely high temperatures to destroy the cells that make up the tumor without affecting healthy tissues. This results in decreased hospital stay, rapid recovery and low risk of complications as compared to conventional surgeries.
Radiofrequency Ablation:
Radiofrequency Ablation (RFA) is a minimally invasive procedure used to treat patients suffering from life-threatening diseases of the prostate gland. It uses radio waves to destroy tissues that contain cancer cells. The procedure has been found effective in treating slow-growing or noncancerous tumors of the prostate gland, which cannot be treated with surgery. Radiofrequency ablation is an alternative treatment for patients who have not responded well to conventional therapies such as radiation therapy and hormone therapy.
Application Insights:
Based on application, the global medical ablation technology market has been segmented into cardiovascular, urological, neurological, gynecological, oncology and ophthalmology. The cardiovascular segment dominated the overall market in terms of revenue in 2017 owing to a rise in demand for minimally invasive procedures that offer better access to the target site. Minimally invasive procedures involve smaller incisions and reduced risk of infection as compared to conventional surgeries. Thus they are preferred by many patients seeking treatment for various diseases such as heart conditions or irregular heartbeat (Congestive Heart Failure (CHF), high blood pressure). CHF is one of the most common heart conditions leading to death due Congestive Heart failure is a major public health concern globally due to its increasing prevalence rates especially among geriatric population groups.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of sophisticated healthcare infrastructure, high adoption rate of advanced technologies and increasing demand for minimally invasive surgeries. Moreover, an increase in R&D investment by government organizations is expected to fuel regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to rising medical tourism industry in emerging economies such as India and China. In addition, favorable government initiatives are also expected favorably impact regional demand during the forecast period. For instance, according to a study published by National Health Mission (NHM) 2015-2016; around 1 million people migrate from India every year for medical reasons which amounts approximately 0.5% of population annually and this number is likely to grow rapidly with improving healthcare facilities in rural areas & urban slums leading towards higher adoption rates of ablation devices across Asia Pacific region over next few years (ref).
Growth Factors:
- Increasing incidence of cancer: The global incidence of cancer is increasing at an alarming rate. This is mainly due to the changing lifestyle and dietary habits of people across the world. According to a study by the World Health Organization (WHO), the number of new cancer cases is expected to rise from 14 million in 2012 to 22 million by 2030. This will create a huge demand for medical ablation technology products and services, thereby driving market growth.
- Growing awareness about minimally invasive procedures: There is a growing awareness among patients and healthcare professionals about the benefits of minimally invasive procedures over traditional surgery techniques. Minimally invasive procedures are less traumatic, cause less pain and lead to shorter recovery times as compared to traditional surgery techniques. This has led more patients opting for medical ablation technology products and services, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Ablation Technology Market Research Report
By Type
Thermal Ablation , Radiofrequency Ablation, Microwave Ablation, Laser Ablation, Cryoablation, Other
By Application
Cardiovascular Ablation  , Urological Ablation  , Neurological Ablation  , Gynecological Ablation  , Oncology Ablation  , Ophthalmology Ablation  , Other
By Companies
Boston Scientific, Biosense Webster, Olympus, AtriCure, Smith & Nephew, AngioDynamics, Galil Medical, CONMED, St. Jude Medical
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Medical Ablation Technology Market Report Segments:
The global Medical Ablation Technology market is segmented on the basis of:
Types
Thermal Ablation , Radiofrequency Ablation, Microwave Ablation, Laser Ablation, Cryoablation, Other
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
Cardiovascular Ablation  , Urological Ablation  , Neurological Ablation  , Gynecological Ablation  , Oncology Ablation  , Ophthalmology Ablation  , Other
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:
- Boston Scientific
- Biosense Webster
- Olympus
- AtriCure
- Smith & Nephew
- AngioDynamics
- Galil Medical
- CONMED
- St. Jude Medical
Highlights of The Medical Ablation Technology 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:
- Thermal AblationÂ
- Radiofrequency Ablation
- Microwave Ablation
- Laser Ablation
- Cryoablation
- Other
- By Application:
- Cardiovascular Ablation Â
- Urological Ablation Â
- Neurological Ablation Â
- Gynecological Ablation Â
- Oncology Ablation Â
- Ophthalmology Ablation Â
- Other
- 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 Medical Ablation Technology 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
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- 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?
Medical ablation technology is a medical procedure that uses heat to destroy tissue. Ablation is most commonly used to treat conditions such as heart disease, cancer, and stroke.
Some of the major players in the medical ablation technology market are Boston Scientific, Biosense Webster, Olympus, AtriCure, Smith & Nephew, AngioDynamics, Galil Medical, CONMED, St. Jude Medical.
The medical ablation technology market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Ablation Technology Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Ablation Technology Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Ablation Technology Market - Supply Chain
4.5. Global Medical Ablation Technology Market Forecast
4.5.1. Medical Ablation Technology Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Ablation Technology Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Ablation Technology Market Absolute $ Opportunity
5. Global Medical Ablation Technology Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Ablation Technology Market Size and Volume Forecast by Type
5.3.1. Thermal Ablation
5.3.2. Radiofrequency Ablation
5.3.3. Microwave Ablation
5.3.4. Laser Ablation
5.3.5. Cryoablation
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Ablation Technology Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Ablation Technology Market Size and Volume Forecast by Application
6.3.1. Cardiovascular Ablation
6.3.2. Urological Ablation
6.3.3. Neurological Ablation
6.3.4. Gynecological Ablation
6.3.5. Oncology Ablation
6.3.6. Ophthalmology Ablation
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Ablation Technology Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Ablation Technology Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Ablation Technology Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Ablation Technology Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Ablation Technology Demand Share Forecast, 2019-2029
9. North America Medical Ablation Technology Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Ablation Technology Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Ablation Technology Market Size and Volume Forecast by Application
9.4.1. Cardiovascular Ablation
9.4.2. Urological Ablation
9.4.3. Neurological Ablation
9.4.4. Gynecological Ablation
9.4.5. Oncology Ablation
9.4.6. Ophthalmology Ablation
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Ablation Technology Market Size and Volume Forecast by Type
9.7.1. Thermal Ablation
9.7.2. Radiofrequency Ablation
9.7.3. Microwave Ablation
9.7.4. Laser Ablation
9.7.5. Cryoablation
9.7.6. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Ablation Technology Demand Share Forecast, 2019-2029
10. Latin America Medical Ablation Technology Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Ablation Technology Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Ablation Technology Market Size and Volume Forecast by Application
10.4.1. Cardiovascular Ablation
10.4.2. Urological Ablation
10.4.3. Neurological Ablation
10.4.4. Gynecological Ablation
10.4.5. Oncology Ablation
10.4.6. Ophthalmology Ablation
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Ablation Technology Market Size and Volume Forecast by Type
10.7.1. Thermal Ablation
10.7.2. Radiofrequency Ablation
10.7.3. Microwave Ablation
10.7.4. Laser Ablation
10.7.5. Cryoablation
10.7.6. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Ablation Technology Demand Share Forecast, 2019-2029
11. Europe Medical Ablation Technology Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Ablation Technology Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Ablation Technology Market Size and Volume Forecast by Application
11.4.1. Cardiovascular Ablation
11.4.2. Urological Ablation
11.4.3. Neurological Ablation
11.4.4. Gynecological Ablation
11.4.5. Oncology Ablation
11.4.6. Ophthalmology Ablation
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Ablation Technology Market Size and Volume Forecast by Type
11.7.1. Thermal Ablation
11.7.2. Radiofrequency Ablation
11.7.3. Microwave Ablation
11.7.4. Laser Ablation
11.7.5. Cryoablation
11.7.6. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Ablation Technology Demand Share, 2019-2029
12. Asia Pacific Medical Ablation Technology Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Ablation Technology Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Ablation Technology Market Size and Volume Forecast by Application
12.4.1. Cardiovascular Ablation
12.4.2. Urological Ablation
12.4.3. Neurological Ablation
12.4.4. Gynecological Ablation
12.4.5. Oncology Ablation
12.4.6. Ophthalmology Ablation
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Ablation Technology Market Size and Volume Forecast by Type
12.7.1. Thermal Ablation
12.7.2. Radiofrequency Ablation
12.7.3. Microwave Ablation
12.7.4. Laser Ablation
12.7.5. Cryoablation
12.7.6. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Ablation Technology Demand Share, 2019-2029
13. Middle East & Africa Medical Ablation Technology Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Ablation Technology Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Ablation Technology Market Size and Volume Forecast by Application
13.4.1. Cardiovascular Ablation
13.4.2. Urological Ablation
13.4.3. Neurological Ablation
13.4.4. Gynecological Ablation
13.4.5. Oncology Ablation
13.4.6. Ophthalmology Ablation
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Ablation Technology Market Size and Volume Forecast by Type
13.7.1. Thermal Ablation
13.7.2. Radiofrequency Ablation
13.7.3. Microwave Ablation
13.7.4. Laser Ablation
13.7.5. Cryoablation
13.7.6. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Ablation Technology Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Medical Ablation Technology Market: Market Share Analysis
14.2. Medical Ablation Technology Distributors and Customers
14.3. Medical Ablation Technology Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Boston Scientific
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Biosense Webster
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Olympus
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AtriCure
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Smith & Nephew
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AngioDynamics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Galil Medical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CONMED
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. St. Jude Medical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY&
