Dublin, Nov. 09, 2018 (GLOBE NEWSWIRE) -- The "Tumor Ablation Market Size, Share & Trends Analysis Report By Treatment (Surgical, Laparoscopic), By Technology (Radiofrequency, Microwave, Cryoablation), By Application, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global tumor ablation market size is anticipated to reach USD 2.16 billion by 2025. It is expected to expand at a CAGR of 11.12% over the forecast period.
High prevalence of cancer across the globe is the key market driver. About 13% of population suffers from cancer each year, as per the statistics by the World Health Organization (WHO). Extensive adoption of minimally invasive procedures due to the benefits such as less trauma, speedy recovery, and faster recovery is anticipated to bode well for market expansion.
Increasing demand for minimally invasive surgeries coupled with technological advancements in thermal ablation is anticipated to boost market growth. For instance, Usage of cooled radiofrequency denervation technique-a procedure that uses radiofrequency thermal energy to ablate sensory nerve fibers of the sacroiliac joint-with internally cooled radiofrequency probes to enlarge size of the lesion. Similarly, in February 2015, SonaCare Medical LLC launched Sonalink-a remote patient monitoring platform-that can be used during HIFU procedures.
In addition, rising per capita income is enabling people to opt for advanced treatment for tumors. This factor is anticipated to positively influence market growth over the forecast period. Active role of healthcare agencies and government in creating awareness about various cancer types is expected to facilitate usage of tumor ablation therapy.
Further key findings from the study suggest:
- Radiofrequency emerged as the dominant technology segment with 30.5% share in 2016 attributed to application in removal of solid tumors
- Percutaneous procedures are expected to witness lucrative growth over the forecast period due to rising demand for minimally invasive procedures offering faster recovery and higher safety
- Lung cancer is anticipated to witness substantial growth owing to high prevalence caused by sedentary lifestyle, rise in smoking, and air pollution
- North America dominated the overall market in the past due to high prevalence of cancer in Canada, high purchasing power parity, government support for quality healthcare, and availability of reimbursement
- Major players operating in the tumor ablation market include, Galil Medical Inc.; Misonix Inc.; HealthTronics, Angiodynamics; Boston Scientific Corporation; Medtronic Plc. (Covidien); SonaCare Medical; EDAP TMS S.A.; and Neuwave Medical Inc
Topics Covered
Chapter 1 Executive Summary
Chapter 2 Research Methodology
2.1 Information Procurement
2.2 Data Analysis
2.3 Region Wise Market Calculation
2.3.1 Region Wise Market: Base Estimates
2.3.2 Global Market: CAGR Calculation
2.4 Region based segment share calculation
2.5 List of Secondary Sources (partial list)
2.6 Market Snapshot
Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
3.2.1 Rising incidence of cancer
3.2.2 Technological advancements in ablation devices
3.2.3 Increasing per capita income
3.2.4 Growing demand of minimally invasive surgeries
3.3 Market Restraint Analysis
3.3.1 Complications associated with Tumor Ablation therapy
3.3.2 Stringent regulations & approvals
3.4 Penetration & Growth Prospect Mapping: Product
3.5 Tumor Ablation Market c SWOT Analysis, By Factor (political & legal, economic and technological)
3.6 Industry Analysis - Porter's
Chapter 4 Tumor Ablation Market: Technology Estimates & Trend Analysis
4.1 Tumor ablation market: Technology movement analysis
4.2 Radiofrequency ablation
4.3 Microwave ablation
4.4 Cryoablation
4.5 Irreversible electroporation
4.6 Other ablation technologies
Chapter 5 Tumor Ablation Market: Treatment Estimates & Trend Analysis
5.1 Tumor Ablation market: Treatment movement analysis
5.2 Surgical ablation
5.3 Laparoscopic ablation
5.4 Percutaneous ablation
Chapter 6 Tumor Ablation Market: Application Estimates & Trend Analysis
6.1 Tumor Ablation market: Application movement analysis
6.2 Liver cancer
6.3 Breast cancer
6.4 Lung cancer
6.5 Prostate cancer
6.6 Other cancer
Chapter 7 Market Share Analysis
7.1 Market share analysis: HIFU competitive analysis
Chapter 8 Regional Estimates & Trend Analysis, by Technology, Treatment, & Application
8.1 Tumor ablation market share by region, 2017 & 2025
8.2 North America
8.3 Europe
8.4 Asia Pacific
8.5 Latin America
8.6 Middle East & Africa
Chapter 9 Competitive Landscape
9.1 Company Profiles
9.1.1 Medtronic
9.1.2 AngioDynamics
9.1.3 Mermaid Medical
9.1.4 HealthTronics, Inc.
9.1.5 Galil Medical, Inc.
9.1.6 EDAP TMS
9.1.7 Boston Scientific Corporation
9.1.8 SonaCare Medical LLC
9.1.9 Misonix
9.1.10 NeuWave Medical, Inc.
9.1.11 ERBE Elektromedizin GmbH
9.1.12 Biotronik
For more information about this report visit https://www.researchandmarkets.com/research/9b5q45/worldwide_tumor?w=12