Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 9.6% during the review period (2022 to 2027)
Ablation Technologies Market Overview
The ablation technology market is predictable to reach USD 8.1 Billion by 2027 from USD 5.2 Billion in 2022, at a CAGR of 9.6% during the forecast period. The growing elderly population has also driven the incidence of target circumstances and donated to the request for effective treatment. However, the recycle and reusing of devices in industrialized countries and critical regulatory scenario are key factors warning the growth of this market. Product recalls and therapeutic tests related to the effectiveness of ablation products are key challenges faced by industry players in the global ablation technology market.
The ablation technology market seen a loss of corporate, and the trend continued till late December 2022. Negative changes in regulations and guidelines are hindering the growth of this industry. Major controlling establishments across the globe (such as CDC, WHO, MHRA, TGA, and EMA) have identified that cancer patients are at greater risk of COVID-19 contagion than healthy adults. Thus, broadcast, diagnostic exams, and surgical procedures are severely restricted or postponed at hospitals and cancer care centers. This is probable to cause disturbances in the ablation technology market.
Who are the Major Players in Ablation Technologies Market?
Top Key players in the Ablation Technologies Market have been identified through secondary research, and their market shares have been determined through primary and secondary research.The companies referred in the market research report includes Medtronic, AtriCure, Dornier MedTech, Boston Scientific, AngioDynamics, Lumenis, Abbott, Smith & Nephew, Olympus, Johnson & Johnson, EDAP TMS, Hologic, IRIDEX, CONMED, Merit Medical and others.
Industry News -
April 28, 2022 : Medtronic and GE Healthcare announce a collaboration to meet growing need for outpatient care
Medtronic and GE Healthcare announce a collaboration focused on the unique needs and demand for care at Ambulatory Surgery Centers (ASCs) and Office Based Labs (OBLs). Under this new collaboration, customers can access extensive product portfolios, financial solutions, and exceptional service.
What are the major Applications, Types and Regions for Ablation Technologies Market?
Ablation Technologies Market is segmented based on the type, applications, companies and regions.
By Type, Ablation Technologies Market has been segmented into
- Radiofrequency Ablation
- Laser/Light Ablation
- Cryoablation Ablation
- Microwave Ablation
- Hydrothermal Ablation
- Others
The end user’s industry application on Ablation Technologies Market is,
- Cardiovascular Disease
- Cancer
- Ophthalmology
- Pain Management
- Gynecology
- Orthopedic Treatment
- Other
Regional Analysis
North America is the largest consumption place, with a consumption market share nearly 41.7% in 2017. Following North America; Europe is the second largest consumption place with the consumption market share of 28.3% in 2017. Ablation Technologies market in Asia Pacific region is expected to exhibit the highest growth rate especially in the developing Asian countries like China & India.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Ablation Technologies Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 9.6% during the review period (2022 to 2027).
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By Type
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- Radiofrequency Ablation
- Laser/Light Ablation
- Cryoablation Ablation
- Microwave Ablation
- Hydrothermal Ablation
- Others
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By Application
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- Cardiovascular Disease
- Cancer
- Ophthalmology
- Pain Management
- Gynecology
- Orthopedic Treatment
- Other
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By Companies
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Medtronic, AtriCure, Dornier MedTech, Boston Scientific, AngioDynamics, Lumenis, Abbott, Smith & Nephew, Olympus, Johnson & Johnson, EDAP TMS, Hologic, IRIDEX, CONMED, Merit Medical and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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120
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Ablation Technologies Report
- Evaluate Ablation Technologies market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Ablation Technologies market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Question -
What is the study period of this market?
The Ablation Technologies Market is studied from 2022-2027.
Who are the prime players in the Ablation Technologies Market?
Medtronic, AtriCure, Dornier MedTech, Boston Scientific, AngioDynamics, Lumenis, Abbott, Smith & Nephew
Which region held the largest share in the Ablation Technologies Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant types of Ablation Technologies Market?
Radiofrequency Ablation, Laser/Light Ablation, Cryoablation Ablation, Microwave Ablation, Hydrothermal Ablation, Others
What are the major end-use applications of Ablation Technologies Market?
Cardiovascular Disease, Cancer, Ophthalmology, Pain Management, Gynecology, Orthopedic Treatment, Other
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
