Ablation Technology Market worth .1 Billion by 2026

Posted by MV Mukund on March 20th, 2024

Overview of This Study:

This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, fundamental market dynamics, and key player strategies.

Major Growth Driving Factors:

The growing elderly population has also driven the incidence of target conditions and contributed to the demand for effective treatment. However, the reuse and reprocessing of devices in developed countries and unfavorable regulatory scenario are key factors limiting the growth of this market. Product recalls and therapeutic challenges related to the efficacy of ablation products are key challenges faced by industry players in the global ablation technology market.

Revenue Growth Forecast:

The global ablation technology market in terms of revenue was estimated to be worth .2 billion in 2021 and is poised to reach .1 billion by 2026, growing at a CAGR of 9.3% from 2021 to 2026.

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Global Market Segmentation:

Over the course of the forecast period, the radiofrequency ablators product segment is anticipated to hold the greatest position in terms of market share.

The light/laser ablators, radiofrequency ablators, ultrasound ablators, electrical ablators, cryoablation devices, microwave ablators, and hydrothermal ablators/hydromechanical ablators are the several product categories into which the global ablation technology market is divided. Based on its uses or energy source, each product class is further divided.The development of innovative products by prominent market players and the growing use of radiofrequency ablation technology to treat a variety of ailments, including cancer, heart disorders, and ocular diseases, are credited with the segment's substantial share in radiofrequency ablators.

During the projected period, the radiofrequency ablation segment is anticipated to hold the highest share in terms of type segment.

The global ablation technology market is divided into categories based on the kind of energy source: light/laser, radiofrequency (RF), electrical, ultrasound, microwave, cryotherapy, and hydrothermal/hydromechanical ablation technologies. The growing elderly population, convenience of usage, and reduced cost of radiofrequency ablation all contribute to the market's growth.

End Users:

Throughout the projection period, the segment with the highest CAGR is anticipated to be hospitals, surgical centers, and ablation centers.

Hospitals, surgical centers, ablation centers, ambulatory surgical centers (ASCs), medical spas & aesthetic centers, and other end users make up the end user segmentation of the ablation technology market. The market for ablation technology for hospitals, surgical centers, and ablation centers is expanding due to the rising prevalence of cardiac problems, cancer, and sports injuries.

Regional Growth Dynamics

The global market for ablation technology was controlled by North America.

The market for ablation technology was controlled by North America. The early adoption of ablation technology in North America is responsible for the market's rise. The region's growing client base can be attributed to several ablation product producers and the widespread use of ablation therapy.

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Global Key Players:

The prominent players in the ablation technology market include Medtronic, plc. (Ireland), Johnson & Johnson (US), Abbott (US), and Boston Scientific Corporation (US) and CONMED Corporation (US), AngioDynamics, Inc. (US), AtriCure, Inc. (US), Smith & Nephew plc (UK), Olympus Corporation (Japan), Varian Medical Systems (UK), Stryker (US), Dornier MedTech (Germany), Cynosure (US) and InMode (US).

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MV Mukund

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MV Mukund
Joined: March 18th, 2020
Articles Posted: 77

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