Home / News / Global Ablation Devices Market To Reach Worth USD 21.3 Bn By 2023 – Credence Research

Global Ablation Devices Market To Reach Worth USD 21.3 Bn By 2023 – Credence Research

According to the latest report published by Credence Research, Inc. “Ablation Devices Market (Electrical, Radiofrequency, Cryoablation, Radiation, Laser, Ultrasound, Microwave & Hydrothermal Ablation; Device Types & Applications) : Growth, Future Prospects & Competition Assessment, 2016-2023,” the global ablation devices market was valued at USD10.6 Bn in 2015, and is expected to reach USD21.3 Bn by 2023, expanding at a CAGR of 9% from 2016 to 2023.

Browse the full report Ablation DevicesMarket – Growth, Future Prospects, Competition Assessment, 2016–2023 report at http://www.credenceresearch.com/report/ablation-devices-market

Market Insights

Ablation is a minimally invasive therapeutic procedure used for destruction and dissection ofdiseased tissue. Ablation is commonly used for treatment of conditions such as cancer, ophthalmic disorders urologic diseases, gynecological conditions and orthopedic disorders. Based on device type, this report categorizes ablation devices market into generators, catheters and probes, and disposables and accessories. Generators due to their higher prices and augmenting installation base is the largest device segment in the market.

The overall ablation devices market is technologically driven. Other major drivers of this market are growing incidence of chronic target diseases such as cancer and CVD, technological advancements, growing demand for minimally invasive procedures, and rapid growth in the pool of high-risk geriatric population. Conversely, stringent approval requirements and high cost of equipment are the major set of challenges faced towards the market progression. Ablation devices market is highly competitive with existence of a multitude of players closely competing to augment their foothold in the market.

Among the energy types used for delivering ablation, radiofrequency is the most sought technology and has the highest number of products commercially available. Other key segments include ultrasound ablation, laser ablation and electrical ablation. High safety of RF ablation is the key factor contributing to the dominance of RF ablation devices in the global market.

However, with the emergence of novel technologies such as cryoablation and microwave ablation, the demand for RF ablation will experience a slight competition, yet not a complete upset in the overall market situation. The growth of microwave ablation segment is high primarily due to high successful treatment outcomes in cancer and efficiency in producing larger ablation zones as against RF ablation.

Ablation devices are widely used in cardiovascular applications, and their demand in cardiology is anticipated to further grow during the forecast period. Domination of this segment is due to perpetual growth in incidence of cardiovascular diseases such as atrial fibrillation worldwide and introduction of novel ablation techniques for atrial fibrillation treatment.

North America and Europe together are the largest regional markets for ablation devices. Favorable reimbursement scenario, early product introductions, better awareness and high incidence of chronic diseases are the key factors that drive the dominance of North America and Europe on the global front. On the other hand, growing government healthcare expenditure, rapid evolution of healthcare infrastructure and proliferation of medical tourism will render the swift market growth in Asia Pacific.

Browse the full report at http://www.credenceresearch.com/report/ablation-devices-market

This market is highly competitive and is characterized by presence of several existing players and continuous influx of new market entrants. The existing players are increasingly focusing their growth strategies towards establishing their foothold in emerging markets of Asia Pacific and Middle East and Africa. Key players in the global ablation devices market are but not limited to Medtronic, Inc., St. Jude Medical, Inc., Boston Scientific Corporation, AngioDynamics, Olympus Corporation, Atricure, Smith & Nephew PLC and others.

Latest Reports:

Ostomy Drainage Bags Market By Product (Colostomy Bags, Urostomy Bags, Ileostomy Bags), By Usage (Single-Use (Disposable) Ostomy Bags, Multi-Use (Reusable) Ostomy Bags) – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022

X-Ray Equipment Market By Product (X-ray Devices : Stationary and Portable X-Ray), Technology (Analog, Digital X-ray Technology), Application (Cardiovascular, Respiratory, Mammography, Dental, Orthopedics, Others) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2022

Pain Management Devices Market By Product (Electrostimulaiton Devices, Radiofrequency Ablation Devices, Infusion Pumps, Neurostimulation Devices), By Applications (Neuropathic Pain, Cancer Pain, Facial & Migraine Pain, Musculoskeletal Pain) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2022

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web:  Credence Research

 

Release ID: 5508

About Chris Smith

Check Also

400-400

Worldwide Survey: Contraceptives Sales Market 2016 to 2022 Size, Share, analysis,Trends and Forecast By Acute Market Reports

Report Description: Notes: Sales, means the sales volume of Contraceptives Revenue, means the sales value ...