Market Overview:
The global microwave ablation devices market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of cancer, technological advancements in microwave ablation devices, and rising demand for minimally invasive procedures. Based on type, the global microwave ablation devices market is segmented into equipments and consumables. The equipment segment is further sub-segmented into generators, applicators, and others (including monitors and controllers). The consumables segment is further sub-segmented into electrodes/probes, cooling pads/gels/sprays, adapters & cables, and others (including needles & syringes). Based on application, the global microwave ablation devices market is divided into oncology applications (such as breast cancer), cardiovascular applications (such as atrial fibrillation), urology applications (such as prostate cancer), gynecology applications (such as uterine fibroids), and other applications.
Product Definition:
Microwave Ablation Devices are used to heat and destroy cancer cells. The importance of Microwave Ablation Devices is that they provide a less invasive treatment option for cancer patients.
Equipments:
Equipment is the core component in microwave ablation devices. It helps to deliver high-intensity focused ultrasound beams for tissue heating and coagulation. The equipment segment has been analyzed on the basis of types which include transducers, receiving antennas, control systems & software, and power supplies. On the basis of usage it includes operating room set up (ORS), preoperative planning tools & postoperative management system (POMS) and treatment planning tools & POMS.
Consumables:
Consumables are the materials or devices that are used by medical practitioners during a surgical procedure. The Microwave Ablation Devices market Consumables include RF ablation catheters, cryogenics, microwave antennas and transducers along with other accessories which are used in these devices. These products have applications in various fields such as gynecology & obstetrics, cardiovascular & interventional radiology and oncology among others.
Application Insights:
On the basis of application, the global market has been segmented into oncology, cardiovascular, urology, gynecology and others. Microwave ablation devices in use for treatment of cancer dominated this market in 2017 due to high prevalence of cancer across the globe. According to WHO¢â‚¬â„¢s estimates for 2016, over 60 million people were diagnosed with some form of cancer worldwide. It was also reported that about 9 out 10 new cases were found in low- and middle-income countries.
The oncology segment is expected to continue its dominance throughout the forecast period owing to increasing number of approvals by regulatory authorities for various applications such as prostatectomy & brachytherapy among others during past few years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as local presence of key players, high disposable income, and increasing government funding for cancer research. For instance, in October 2018, the U.S.
Asia Pacific is expected to register a lucrative growth rate over the forecast period owing to an increase in healthcare expenditure.
In addition, favorable regulatory policies by governments are anticipated to boost revenue growth during the forecast period.
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is the major growth driver for the microwave ablation devices 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 devices as they are used for the treatment of various types of cancers.
- Technological advancements: The technological advancements in microwave ablation devices are another major growth driver for this market. These advancements have led to the development of smaller, more efficient, and safer devices that can be used for treating a wider range of cancers. This is likely to boost the demand for these devices in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Microwave Ablation Devices Market Research Report
By Type
Equipments, Consumables
By Application
Oncology, Cardiovascular, Urology, Gynecology, Others
By Companies
Medtronic, AngioDynamics, NeuWave Medical (Johnson & Johnson), MedWaves, Perseon, Emblation Microwave, Miramar Labs, Symple Surgical, Tactile Medical, Urologix
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Microwave Ablation Devices Market Report Segments:
The global Microwave Ablation Devices market is segmented on the basis of:
Types
Equipments, Consumables
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
Oncology, Cardiovascular, Urology, Gynecology, 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
- AngioDynamics
- NeuWave Medical (Johnson & Johnson)
- MedWaves
- Perseon
- Emblation Microwave
- Miramar Labs
- Symple Surgical
- Tactile Medical
- Urologix
Highlights of The Microwave Ablation Devices 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:
- Equipments
- Consumables
- By Application:
- Oncology
- Cardiovascular
- Urology
- Gynecology
- 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 Devices 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 devices are medical devices that use microwaves to destroy tissue. Microwave ablation is a treatment for various diseases and conditions, including cancer.
Some of the key players operating in the microwave ablation devices market are Medtronic, AngioDynamics, NeuWave Medical (Johnson & Johnson), MedWaves, Perseon, Emblation Microwave, Miramar Labs, Symple Surgical, Tactile Medical, Urologix.
The microwave ablation devices market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microwave Ablation Devices 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. Microwave Ablation Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microwave Ablation Devices Market - Supply Chain
4.5. Global Microwave Ablation Devices Market Forecast
4.5.1. Microwave Ablation Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microwave Ablation Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Microwave Ablation Devices Market Absolute $ Opportunity
5. Global Microwave Ablation Devices 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. Microwave Ablation Devices Market Size and Volume Forecast by Type
5.3.1. Equipments
5.3.2. Consumables
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Microwave Ablation Devices 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. Microwave Ablation Devices Market Size and Volume Forecast by Application
6.3.1. Oncology
6.3.2. Cardiovascular
6.3.3. Urology
6.3.4. Gynecology
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Microwave Ablation Devices 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. Microwave Ablation Devices 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 Microwave Ablation Devices 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. Microwave Ablation Devices 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 Microwave Ablation Devices Demand Share Forecast, 2019-2026
9. North America Microwave Ablation Devices 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 Microwave Ablation Devices 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 Microwave Ablation Devices Market Size and Volume Forecast by Application
9.4.1. Oncology
9.4.2. Cardiovascular
9.4.3. Urology
9.4.4. Gynecology
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Microwave Ablation Devices Market Size and Volume Forecast by Type
9.7.1. Equipments
9.7.2. Consumables
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 Microwave Ablation Devices Demand Share Forecast, 2019-2026
10. Latin America Microwave Ablation Devices 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 Microwave Ablation Devices 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 Microwave Ablation Devices Market Size and Volume Forecast by Application
10.4.1. Oncology
10.4.2. Cardiovascular
10.4.3. Urology
10.4.4. Gynecology
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Microwave Ablation Devices Market Size and Volume Forecast by Type
10.7.1. Equipments
10.7.2. Consumables
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 Microwave Ablation Devices Demand Share Forecast, 2019-2026
11. Europe Microwave Ablation Devices 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 Microwave Ablation Devices 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 Microwave Ablation Devices Market Size and Volume Forecast by Application
11.4.1. Oncology
11.4.2. Cardiovascular
11.4.3. Urology
11.4.4. Gynecology
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Microwave Ablation Devices Market Size and Volume Forecast by Type
11.7.1. Equipments
11.7.2. Consumables
11.8. Basis Point Share (BPS) Aalysis 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 Microwave Ablation Devices Demand Share, 2019-2026
12. Asia Pacific Microwave Ablation Devices 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 Microwave Ablation Devices 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 Microwave Ablation Devices Market Size and Volume Forecast by Application
12.4.1. Oncology
12.4.2. Cardiovascular
12.4.3. Urology
12.4.4. Gynecology
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Microwave Ablation Devices Market Size and Volume Forecast by Type
12.7.1. Equipments
12.7.2. Consumables
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 Microwave Ablation Devices Demand Share, 2019-2026
13. Middle East & Africa Microwave Ablation Devices 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 Microwave Ablation Devices 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 Microwave Ablation Devices Market Size and Volume Forecast by Application
13.4.1. Oncology
13.4.2. Cardiovascular
13.4.3. Urology
13.4.4. Gynecology
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Microwave Ablation Devices Market Size and Volume Forecast by Type
13.7.1. Equipments
13.7.2. Consumables
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 Microwave Ablation Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Microwave Ablation Devices Market: Market Share Analysis
14.2. Microwave Ablation Devices Distributors and Customers
14.3. Microwave Ablation Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AngioDynamics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NeuWave Medical (Johnson & Johnson)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MedWaves
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Perseon
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Emblation Microwave
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Miramar Labs
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Symple Surgical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tactile 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. Urologix
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 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
