Tumour Ablation Market Brief Overview by PBI

Posted by venkatakiran on November 25th, 2019

Tumour Ablation Market Size and Growth Rate:

“The Tumor Ablation Market is anticipated to surge at significant CAGR over the forecast period 2019-2025 to reach about US$ 1,287.9 Mn by 2025 due to rise in prevalence of certain types of cancers across the globe.”

Tumour Ablation Market Growth Drivers and Restraints:

The tumor ablation market size was accounted for US$ XX in 2018 and anticipated to account for US$ 1,287.9 Mn by 2025. Increased prevalence of various cancers such as liver cancer, lung cancer, and breast cancer due to change in lifestyle is a major factor drive the growth of tumor ablation market over the forecast years, For instance, according to WHO 2018 data, approximately 9.6 Mn death occurred due to cancer around the globe. Moreover, increase in the alcohol and tobacco consumption, technological advancements in the tumor ablation devices such as image guided and irreversible electroporation, increase in demand for minimally invasive surgical procedures, and sophisticated healthcare infrastructure in developed and developing countries are propel the market over the forecast years. However, high cost for the advanced procedures, lack of skilled professionals in underdeveloped countries, and stringent regulatory guidelines are anticipated to hamper the tumor ablation market over the future years.

Cancer gene therapy market segmented on the basis of technology, treatment type, application, and region.

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Radiofrequency Ablation Segment Expected to Dominate the Market

Based on technology, tumor ablation market segmented into hyperthermic ablation, radiofrequency ablation, microwave ablation, laser ablation, ultrasound ablation, cryoablation, and others. Among all the technologies, radiofrequency ablation dominated the ion market in 2018 and the same trend is expected over the forecast years owing to high adoption of technique for the solid tumor removal due to high sensitivity and specificity compared with other techniques. In addition, microwave ablation technology expected to grow at highest growth rate over the forecast years attributed to wide range of advantages such as larger tumor ablation volume, less pain, and consistency in high temperature.                                                                                                                

North America, Accounts for Major Revenue Share for Tumour Ablation Market

Precision Business Insights (PBI), tumor ablation market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for major revenue share due to increased rates of certain types of cancers in USA and Canada. For instance, according to National Cancer Institute 2018, approximately 1,735,350 cases diagnosed with cancer in USA. Moreover, rise in R&D for the development of innovative techniques, presence of skilled professionals, and favorable reimbursement policies are anticipated to propel the tumor ablation market in the North America region. Europe tumor ablation market projected to grow at significant growth rate owing to adoption of advanced technologies, increase in healthcare expenditure, and surge in incidence of cancer in the region.

Product Approval, Strategic Alliances, and Launch of Advanced Technologies in Tumor Ablation Market

In 2015 January, Medtronic acquired Covidien which has improved its product portfolio of tumour ablation products

Key player’s profiles in the report are Boston Scientific Corporation, Angiodynamics, Inc., BTG International Ltd, Healthtronics, Inc., Medtronic, Plc, EDAP TMS S.A., Mermaid Medical, Inc., Neuwave Medical, Inc., Sonacare Medical, LLC and Mesonix, Inc.

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Detailed Segmentation of Tumour Ablation Market:

By Technology

o   Hyperthermic Ablation

o   Radiofrequency Ablation

o   Microwave Ablation

o   Laser Ablation

o   Ultrasound Ablation

o   Cryoablation

o   Others

By treatment Type

o   Surgical Ablation

o   Laparoscopic Ablation

o   Percutaneous Ablation

By Application

o   Kidney Cancer

o   Liver Cancer

o   Breast Cancer

o   Lung Cancer

o   Prostate Cancer

o   Other Cancer

Geography

o     North America

o     Europe

o     Asia-Pacific

o     Latin America

o     Middle East and Africa (MEA)

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