Ablation Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Ablation Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4358
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Market Overview:

The global ablation devices market size reached US$ 5.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11.5% during 2023-2028.

Ablation devices are minimally invasive (MI) medical instruments used for the removal, or excision, or abnormal body tissues for therapeutic purposes. Some of the commonly used ablation devices include temperature-controlled, fluid-cooled, robotic catheter manipulation and laser ablators, tissue contact and spray probes and balloon ablation devices. They operate using radiofrequency (RF), laser, ultrasound, cryoablation, microwave and hydrothermal technologies. They are used as an alternative to surgical treatment for various chronic diseases and the removal of cancerous tumors and kidney stones. Ablation devices are also utilized for the management of chronic lower back, neck and arthritis pain. As a result, they find extensive applications in the treatment of ophthalmological, oncological, gynecological, urological and cardiovascular disorders.

Global Ablation Devices Market

Ablation Devices Market Trends:

The increasing prevalence of life-threatening diseases, such as cancer, atrial fibrillation and chronic venous insufficiency (CVI), is one of the key factors driving the growth of the market. Moreover, rising awareness among the masses regarding the availability of effective ablation procedures is providing a thrust to the market growth. Minimally invasive ablation procedures cause lesser pain, scarring, discomfort and promote faster recovery in the patients. In line with this, the widespread adoption of electrophysiology to remove abnormal tissues that cause irregular heart rhythms or cardiac arrhythmia is also contributing to the growth of the market. Additionally, various product innovations, such as the development of next-generation ablation devices with robotic navigation systems, are acting as other growth-inducing factors. Product manufacturers are developing non-thermal, non-tumescent and non-sclerosant endovenous ablation devices for the effective treatment of superficial vein reflux. Other factors, including rising healthcare expenditure capacities of the consumers, along with significant improvements in the medical industry, especially in the developing economies, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ablation devices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on device technology, application and end user.

Breakup by Device Technology:

  • Radiofrequency Devices
  • Laser/Light Ablation
  • Ultrasound Devices
  • Cryoablation Devices
  • Others
     

Breakup by Application:

  • Cancer Treatment
  • Cardiovascular Disease Treatment
  • Ophthalmologic Treatment
  • Gynecological Treatment
  • Urological Treatment
  • Cosmetic Surgery
  • Others
     

Breakup by End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, AngioDynamics Inc., AtriCure Inc., Boston Scientific Corporation, CONMED Corporation, Elekta AB (publ), Johnson & Johnson, Medtronic plc, Olympus Corporation and Smith & Nephew plc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Device Technology, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, AngioDynamics Inc., AtriCure Inc., Boston Scientific Corporation, CONMED Corporation, Elekta AB (publ), Johnson & Johnson, Medtronic plc, Olympus Corporation and Smith & Nephew plc
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global ablation devices market was valued at US$ 5.2 Billion in 2022.

We expect the global ablation devices market to exhibit a CAGR of 11.5% during 2023-2028.

The rising prevalence of cancer, atrial fibrillation, and Chronic Venous Insufficiency (CVI), along with the growing adoption of minimally invasive ablation procedures, as they cause lesser pain, scarring, and discomfort and promote faster recovery, is primarily driving the global ablation devices market.

The sudden outbreak of the COVID-19 pandemic had led to the postponement of elective invasive ablation surgical procedures to reduce the risk of the coronavirus infection upon hospital visits and interaction with medical equipment, thereby negatively impacting the global market for ablation devices.

Based on the device technology, the global ablation devices market can be segmented into radiofrequency devices, laser/light ablation, ultrasound devices, cryoablation devices, and others. Currently, radiofrequency devices hold the majority of the total market share.

Based on the application, the global ablation devices market has been divided into cancer treatment, cardiovascular disease treatment, ophthalmologic treatment, gynecological treatment, urological treatment, cosmetic surgery, and others. Among these, cancer treatment currently exhibits a clear dominance in the market.

Based on the end user, the global ablation devices market can be categorized into hospitals, ambulatory surgical centers, and others. Currently, hospitals account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global ablation devices market include Abbott Laboratories, AngioDynamics Inc., AtriCure Inc., Boston Scientific Corporation, CONMED Corporation, Elekta AB (publ), Johnson & Johnson, Medtronic plc, Olympus Corporation, and Smith & Nephew plc.

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Ablation Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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