Global Ablation Technology Market is expected to reach $10.8bn by 2031 growing at a CAGR of 8.7% between 2021 and 2031.
Global Ablation Technology Market report from Global Insight Services is the single authoritative source of intelligence on Ablation Technology Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Ablation therapies can be used for the treatment of various diseases across several medical fields such as ophthalmology, cancer, gynaecology, and cardiovascular. It is less painful than conventional surgical operations, and it is a minimally invasive procedure, leading to a shorter recovery time. Adding to that, it causes very little damage to the surrounding tissues.
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Market Drivers
Growing demand for minimally invasive/non-invasive procedures
In current times, the demand for minimally invasive procedures has witnessed a significant raised owing to the advantages offered by these procedures over traditional treatment procedures—fewer operative complications, shorter hospitalization, less pain, smaller & more cosmetic incisions, lower risk of infection, reduced post-operative care, and rapid recovery. Minimally invasive procedures make use of advanced technologies to diagnose and manage various diseases, comprising cancer. These procedures are used to remove cancer tumors and lymph nodes without scarring. Minimally invasive techniques also assist surgeons in collecting tissues for biopsy and accurate staging studies.
Market Segments
By Technology
- Technology
- Radiofrequency Devices
- Laser/Light Ablation
- Ultrasound Devices
By Application
- Application
- Cancer Treatment
- Cardiovascular Disease Treatment
- Ophthalmologic Treatment
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Key Players
- Medtronic, plc.
- Johnson & Johnson
- Abbott
- Boston Scientific Corporation
- CONMED Corporation
- AngioDynamics, Inc.
- AtriCure, Inc.
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