Global Ablation Devices Market - Segmentation, Manufacturing Cost Analysis

Posted by kelvindbmr on January 20th, 2020

Global ablation devices market is estimated to reach USD 8 billion by 2026, registering a CAGR of 11.80% in the forecast period of 2016-2026. Increasing investment on R&D, being less painful than conventional surgical operations, growing geriatric population is driving the growth of this market.

Global ablation devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ablation devices market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Ablation is a procedure that uses radiofrequency energy to destroy a small area of heart tissue that is causing rapid and irregular heartbeats he procedure is also called radiofrequency ablation. The procedure to destroy tissue in your heart that is allowing wrong electrical signals to cause an abnormal heart rhythm. Diagnostic centres are threaded through blood vessels to your heart where they are used to map your heart's electrical signals.

Key Market Competitors: Global Ablation Devices Market

Some of the major players operating in this market are Varian Medical Systems Inc., Biosense Webster, Elekta AB, Medtronic, Alcon Laboratories, Bard Electrophysiology, Bausch and Lomb, Boston Scientific, BSD Medical, Ethicon Endosurgery, Olympus Corporation, Abbott, Medtronic, Advanced Cardiac Therapeutics, Alcon Laboratories Inc., AngioDynamics, Inc., AtriCure, Inc., Biosense Webster Inc., Boston Scientific Corporation, CONMED Corporation, Medtronic Plc, Olympus Corporation, St Jude Medical, Inc. are some of the key players in this market.

Segmentation: Global Ablation Devices Market

• By Technology (Electrical, Radiation, Radiofrequency, Light, Ultrasound, Cryotherapy, Thermal, Microwave, Hydro-mechanical)
• By Application (Cancer, Cardiovascular, Orthopedics, Urology, Gynecology, Ophthalmology and Others)
• By Product (Radiofrequency, Ultrasound (ESWL, HIFU), Laser, Electrical (Argon Plasma, IRE), Cryotherapy, Microwave, Hydrothermal)
• By Application (Cardiovascular, Cancer, Pain Management, Orthopedics)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

• Minimally invasive procedure is less painful than conventional surgical operations, leading to shorter recovery time. Growing geriatric population coupled with rising life expectancy is expected to boost the growth
• Rising prevalence rate of chronic pain disorders such as arthritis and osteoporosis with improving healthcare infrastructure will enhance market growth

Market Restraints:

• Lack of advanced and innovative technologies to treat cancer is acting as a restraint for the market. Ablation is a technique that uses heat to destroy cancer cells by reducing its size and relieving symptoms.
• High cost incurred with these devices acts as a hindrance for the global market growth.

Reasons to Purchase this Report

• Current and future of global ablation devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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