Ablation Devices Market Size & Growth Analysis to 2030

The global ablation devices market size was estimated at over USD 3 billion in 2019 and projected to grow at the CAGR of 9.03% market during the forecast period 2020-2027. Ablation devices have wide application in areas such as orthopedic, dermatology, cardiology, gynecology, neurology, and several others. Global growth in preference for minimally invasive procedures, high prevalence of chronic diseases rising public awareness and benefits from ablation treatments, and overcoming the cost constraints of conventional treatments are further anticipated to support the growth of this market.

Market Insights:

The rising prevalence of chronic diseases and increasing demand for minimally invasive surgeries are the key growth factors in the ablation devices market. In 2019, cardiology held the largest share in the application market because of the high demand for minimally invasive surgeries, and rising cardiac complications. The ablation device market is further segmented as a device market which was dominated by the generators because of their high price and installation base, in the base year 2019, radiofrequency held the largest market share in the energy segment because of its wide application in the surgeries performed and technological advancement in its device and manufacture. The ablation device market is currently dominated by North America due to the increasing prevalence of chronic disease, increasing demand for minimally invasive surgery, and supportive reimbursement scenario. On the other hand, Asia Pacific is anticipated to be the fastest-growing market for the ablation device market due to the presence of ablation device manufacturers, rising public awareness and rapidly developing healthcare infrastructure and regulatory approval.

Market Segment Insights:

The ablation devices market is majorly segmented into the application (tumor management, general surgery, cardiology, pain management, aesthetics, gynecology, and others). The cardiology held the largest market in the application segment due to factors such as the rising prevalence of cardiac complications, minimally invasive procedures, and rising demand for catheter and radiofrequency ablators for cardiac management. The device market is categorized as (generators, catheters and probes and disposables, and accessories); the generators held the largest market share in the device segment due to the high price and growing installation base. The energy market is segmented into (electrical, radiofrequency, cryoablation, radiation, laser, ultrasound, microwave, and hydrothermal). Radiofrequency is the most significant market in the energy segment as it is used to generate heat by various ablators, for cutting and dissections, for management of arrhythmia, tumor ablation, and pain reduction.

Global Ablation device Market Segmentation:

By Application, 2018–2027 ($ Million)

• Tumor Management
• General Surgery
• Cardiology (Cardiac Rhythm Management and Hypertension Treatment)
• Pain Management
• Aesthetics
• Gynecology
• Others

By Devices, 2018–2027 ($ Million)

• Generators
• Catheters and Probes
• Disposables and Accessories

By Energy, 2018–2027 ($ Million)

• Electrical
• Radiofrequency
• Cryoablation
• Radiation
• Laser
• Ultrasound
• Microwave
• Hydrothermal

By Geography, 2018-2027 ($ Million)

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

Regional Insights:

North America, Latin America, Europe, Middle East and Africa, and Asia Pacific form the major regional markets for ablation devices. These regional markets are further sub-segmented into country-specific markets on the basis of demand and market growth of ablation devices. Among the considered regional markets, North America currently dominates the global ablation devices market, with the United States being the largest country-level market. Increase in the number of patients suffering from chronic diseases, rising demand for minimally invasive surgery, and supportive reimbursement policies. On the other hand, Asia Pacific is anticipated to be the fastest-growing market for ablation devices due to the huge population base suffering from chronic diseases rising public awareness, medical tourism, and developed healthcare infrastructure.

Market Competition Assessment:

Key players in the global ablation device market are Accuray Inc., AtriCure Inc., AngioDynamics, Inc., Arthrex Inc., Boston Scientific Corporation, ConMed Corporation, C.R. Bard Inc., Medtronic, Inc., St. Jude Medical, Olympus Corporation, Smith and Nephew, Galil Medical, Inc. and other notable players.

List of Key Companies:

• AngioDynamics, Inc.
• Accuray, Inc.
• Arthrex, Inc.
• AtriCure, Inc.
• Boston Scientific Corporation
• ConMed Corporation
• R. Bard Inc.
• Galil Medical, Inc.
• Medtronic, Inc.
• Olympus Corporation
• Smith & Nephew
• Jude Medical
• Other Notable Players

Key Questions Answered by Ablation Devices Market Report

• Global ablation devices market forecasts from 2020-2027
• Regional ablation devices market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
• Ablation Devices submarket forecasts from 2020-2027 covering the market by devices, by application, by energy, and geography
• Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to the ablation devices market
• Analysis of the key factors driving and restraining the growth of the global, regional and country-level ablation devices markets from 2020-2027
• Competitive Landscape and market positioning of top 10 players operating in the ablation devices market

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