Ablation Technology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Ablation Technology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : November, 2020 | Medical Devices | PPT format

Report Digest


Ablation Technology Market: Snapshot

Ablation alludes to minimally invasive techniques which involve the surgical extraction of body tissues. Ablation systems are increasing quick prevalence over the globe by virtue of the way that they are utilized as a part of minimally invasive removal methods. Lower danger of harm to tissues, bring down danger of contamination, speedy recuperation and cost viability of removal are a portion of the significant drivers of this market. Minimally invasive therapeutic methodology pick up priority over invasive strategies inferable from the actualities that the previous incorporates moderately bring down post procedural dangers, shorter recuperation time and clinic remains. A surge in the request of minimally invasive techniques by virtue of the previously mentioned qualities will drive the development of ablation technology market.

Ablation treatments can be utilized for the treatment of different infections over a few therapeutic spaces, for example, ophthalmology, tumor, gynecology, and cardiovascular. Being a negligibly obtrusive methodology, it is less difficult than regular surgical operations, prompting shorter recuperation time. What's more, it makes next to no harm the encompassing tissues. Despite the fact that it brings down the symptoms, it has a few disservices also. For example, extensive and massive tissues, for example, bone and neck knobs, can't be treated with ablation. Moreover, the accessibility of ablation treatment in remote areas is very confined.

Global Ablation Technology Market: Overview 

The term ‘ablation’ refers to the surgical removal of harmful substances, abnormal growths such as tumors, and organs from the body. Ablation can be carried out via various methods such as cryoablation, laser or light, radiofrequency, microwave, ultrasound, hydrothermal, and electrical ablation technology. By application, the major segments of the global ablation technology market can be cardiovascular disease, urology, cancer, pain management, ophthalmology, cosmetic surgery, and gynecology.    

Global Ablation Technology Market: Key Trends    

The development of more innovative and effective ablation products is likely to influence the growth of the market for ablation technology. The growing number of ablation procedures, together with the greater espousal of minimally invasive procedures because of their being less painful, is ensuring that the market displays consistent growth over the next few years. Consequently, as the frequency of cardiac arrests and cancer increases worldwide, the demand for ablation technology will witness an upsurge. On the other hand, bruising at catheter insertion site and soreness in the chest after catheter ablation, and other side effects of various methods might slacken the growth of the market. However, as numerous companies are coming up with ablation devices featuring cutting-edge technologies, the negative impact of these restraints can be cancelled out. 

Global Ablation Technology Market: Market Potential 

A key trend in the global ablation technology market is the introduction of innovative products by several firms and their approval by regulatory bodies. In March 2017, AngioDynamics, a leading U.S.-based provider of medical devices, announced that it received the CE Mark certification for its new product, the Solero Microwave Tissue Ablation (MTA) System. Although this new product is not intended for cardiac use, it is likely to play a crucial role in the ablation of soft tissue at the time of laparoscopic, open, and percutaneous procedures. Another example of product approvals is the FDA approval of a new sensor-enabled ablation catheter, FlexAbility, developed by Abbott. 

Another significant development during the same month is the launch of CUSA® Clarity ultrasonic tissue ablation platform by Integra Lifesciences Holdings Corporation. This new product offers high precision, power, and comfort to surgeons, patients, and staff, maximizing performance. Longer and tougher procedures such as fibrous tissue removal will be made easier by the use of this device, which features an intuitive touchscreen, ergonomic handpiece, and tough tissue tip. 

Global Ablation Technology Market: Regional Outlook 

With the U.S at the fore, the ablation technology market in North America is slated for substantial growth. According to the findings of American Heart Association, nearly 350,000 people suffer from out-of-hospital cardiac arrests every year in the U.S. Of these, more than 90% patients die as cardiopulmonary resuscitation (CPR) is not performed immediately. As a result, the demand for ablation technology will rise substantially. 

Asia Pacific is waiting in the wings to claim the foremost position in the global market for ablation technology, as the robust growth in healthcare industry, massive patient base, and extensive manufacturing and development of ablation technology products in countries such as India and China trigger growth. 

Global Ablation Technology Market: Competitive Analysis 

A number of market players are investing in mergers and acquisitions, collaborations, and partnerships in order to expand their presence on a global scale. For instance, BioSig Technologies, Inc. a prominent medical device manufacturer, entered a strategic partnership with Mayo Clinic and Mayo Clinic Ventures in March 2017. One of the major objectives of BioSig Technologies is to develop better ablation technologies for the treatment of deadly atrial fibrillation, arrhythmias, and ventricular tachycardia.  

Some of the major companies operating in the global market for ablation technology are Biosense Webster, Inc., Olympus Corporation, VytronUS, CONMED Corporation, Smith & Nephew plc, Osypka AG, Medtronic plc, St. Jude Medical, Inc., AtriCure, Inc., Boston Scientific Corporation, Endosense SA, and St. Jude Medical, Inc.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?