New York, NY, July 19, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Ablation Technology Market by Product Type (Hydrothermal, Microwave, Cryotherapy, Electrical, Laser, Ultrasound, and Radiofrequency), by Application (Cancer, Cardiovascular, Orthopedics, Pain Management, Urology, Gynecology, and Others), and by End-Use (Hospitals, Clinics, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global ablation technology market was valued at approximately USD 3.2 billion in 2017 and is expected to generate revenue of around USD 6.7 billion by end of 2024, growing at a CAGR of around 10.8% between 2018 and 2024.
Minimum invasion technique along with the negligible effect on the tissues and organs surrounding the infected organ has to lead to the easy dependability of the healthcare industry on the ablation technology and it is estimated to penetrate further in the global market over the estimated period.
Browse through 55 Tables & 34 Figures spread over 110 Pages and in-depth TOC on "Global Ablation Technology Market: Product, Application, Size, Industry Share, Trends and Forecast, 2017 – 2024”.
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The global ablation technology market is primarily driven by growing prevalence of life-threatening diseases such as cancer and cardiovascular disorders across the globe. This has resulted in the upsurge need for advanced technology treatment which involves minimum invasion and has minimum side effects. These factors are anticipated to drive the ablation technology market over the forecast period. However, ablation technology can’t be used for the treatment of large tumors and its use is restricted in the remote area. These are the restraints that may affect the growth of the market. Nonetheless, growing awareness about advantages of ablation technology over conventional methods for treatment coupled with a prominent investment in ablation technology across the globe is likely to disclose the new platform for ablation technology market in the near future.
The ablation technology market is segmented on the basis of product type into hydrothermal, microwave, cryotherapy, electrical, laser, ultrasound, and radiofrequency. By product, the radiofrequency segment is estimated to cover maximum market value share due to its comparatively lower price as compared to the other technologies which make it more preferable for the patients.
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Based on application, ablation technology is segmented as cancer, cardiovascular, orthopedics, pain management, urology, gynecology, and others. By application, cancer is expected to occupy the largest market value share due to the increasing cases of cancer which has created the upsurge need for the treatment.
Based on end use, ablation technology is segmented as hospitals, clinics, and others. By end user, the hospital division is estimated to be the prominent segment and will show significant CAGR growth over estimated time.
Browse the full "Ablation Technology Market by Product Type (Hydrothermal, Microwave, Cryotherapy, Electrical, Laser, Ultrasound, and Radiofrequency), by Application (Cancer, Cardiovascular, Orthopedics, Pain Management, Urology, Gynecology, and Others), and by End-Use (Hospitals, Clinics, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/ablation-technology-market
North America is estimated to hold the largest market value share in the ablation technology market. The U.S. is by far the leading ablation technology market by country in North America. The U.S. market is expected to grow with significant CAGR during the forecast period. Significant investments in research and development along with the increasing cancer cases are supporting the growth of ablation technology market in North America. Additionally, the fund/grant provided by the government will accelerate the growth of ablation technology market.
Europe is anticipated to be followed by North America and is expected to show significant growth in the near future. This growth is mainly supported by the increasing healthcare infrastructure and high per capita income in this region.
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The Asia Pacific is expected to witness prominent growth over the estimated period. Developing and developed countries of the Asia Pacific region, such as China, India, and Japan is expected to show significant growth in the ablation technology market. Growth in the Asia Pacific market is supported by the increasing awareness about the technologically advanced techniques for the treatment coupled with the increasing disposable income which allows the patients to invest in the treatment procedure.
In the Middle East & Africa; African region is anticipated to register low to moderate growth rate mainly due to lack of awareness and accessibility to the advanced procedures of treatment. Latin America is another prominent region witnessing the significant growth in ablation technology market.
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Some of the key players in ablation technology market include among Johnson & Johnson, Boston Scientific Corporation, Medtronic plc, Medical, Inc., Olympus Corporation, Conmed Corporation, AtriCure, Inc., AngioDynamics, Inc., BTG plc, Stryker Corporation, Hologic, Inc., Misonix, Inc., Elekta AB., EDAP TMS S.A., Terumo Corporation, Abbott Laboratories, Integra Life Sciences Holdings Corporation, Merit Medical Systems, Halyard Health, Inc., and Japan Lifeline Co., Ltd., among others.
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This report segments the global ablation technology market as follows:
Global Ablation Technology Market: By Product Type
- Hydrothermal
- Microwave
- Cryotherapy
- Electrical
- Laser
- Ultrasound
- Radiofrequency
Global Ablation Technology Market: By Application
- Cancer
- Cardiovascular
- Orthopedics
- Pain Management
- Urology
- Gynecology
- Others
Global Ablation Technology Market: By End User
- Hospitals
- Clinics
- Others
Global Ablation Technology Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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