Ablation Technology Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033
LONDON, GREATER LONDON, UNITED KINGDOM, September 17, 2024 /EINPresswire.com/ -- The ablation technology market has experienced robust growth in recent years, expanding from $4.92 billion in 2023 to $5.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to growing awareness among patients and physicians, increasing healthcare expenditure, rising disposable income, growing acceptance of radiofrequency ablation (RFA), and increasing access to ablation procedures.
What Is The Estimated Market Size Of The Global Ablation Technology Market And Its Annual Growth Rate?
The ablation technology market is projected to continue its strong growth, reaching $7.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to the rising prevalence of chronic diseases, growing demand for minimally invasive procedures, aging population, increasing surgical procedures, and government initiatives supporting healthcare infrastructure.
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Growth Driver of The Ablation Technology Market
The growing demand for minimally invasive treatments is expected to propel the growth of the ablation technology market going forward. Minimally invasive treatments refer to medical procedures that are performed through tiny incisions or natural body openings using specialized instruments guided by imaging techniques. Minimally invasive treatments are rising due to their ability to reduce recovery times, minimize surgical risks, and improve patient outcomes compared to traditional surgical methods. Ablation technology is used in minimally invasive procedures to precisely target and destroy diseased tissues while minimizing damage to surrounding healthy tissues.
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Which Market Players Are Driving The Ablation Technology Market Growth?
Key players in the ablation technology market include Johnson & Johnson, Abbott Laboratories, Medtronic Plc., Siemens Healthineers AG, Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, Olympus America, Terumo Corporation, Smith & Nephew plc, Hologic Inc., Perseon Corporation, Conmed Corporation, Accuray Incorporated, AtriCure Inc., AngioDynamics, Biosense Webster Inc., HealthTronics, Creo Medical Ltd., Misonix, NxThera, MedWaves Inc., Theraclion.
What Are The Key Trends That Influence Ablation Technology Market Share Analysis?
Major companies operating in the ablation technology market are developing advanced technologies, such as thin-film electrode technology, to improve precision and efficacy in treating cardiac arrhythmias, reduce procedure times, and enhance patient outcomes. Thin-film electrode technology refers to a method that uses ultra-thin conductive layers to create precise electrodes for targeted ablation treatments.
How Is The Global Ablation Technology Market Segmented?
1) By Product: Cryoablation Devices, Electrical Ablators, Hydrothermal Or Hydromechanical Ablators, Laser Or Light Ablators, Microwave Ablators, Radiofrequency Ablators, Ultrasound Ablators, Other Products
2) By Technologies: Thermal Ablation Technology, Non-Thermal Ablation Technology, Other Technologies
3) By Applications: Cardiovascular Disease Treatment, Cancer Treatment, Gynecological Treatment, Cosmetic Or Aesthetic Surgery, Pain Management, Orthopedic Treatment, Urological Treatment, Ophthalmologic Treatment, Other Applications
4) By End Users: Ambulatory Surgical Centers, Hospitals And Ablation Centers, Medical Spas And Aesthetic Clinics, Other End Users
Geographical Insights: North America Leading The Ablation Technology Market
North America was the largest region in the ablation technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ablation technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Ablation Technology Market Definition
Ablation technology involves the removal or destruction of tissue through various methods such as heat, cold, chemicals, or lasers. It is commonly used in medical procedures to treat conditions such as tumors, arrhythmias, or chronic pain. This minimally invasive technique offers precise targeting, reducing damage to surrounding tissues.
Ablation Technology Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global ablation technology market report covering trends, opportunities, strategies, and more
The Ablation Technology Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on ablation technology market size, ablation technology market drivers and trends, ablation technology market major players, ablation technology competitors' revenues, ablation technology market positioning, and ablation technology market growth across geographies. The ablation technology market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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