Ablation System Devices Market to grow at a Significant Rate During the Forecast Period
Increasing number of cardiovascular
diseases is influencing the growth of Global Ablation System Devices in the
forecast years.
According
to TechSci Research report, “Global Ablation System Devices
Market By Technology
(Radiofrequency v/s Thermosphere) By Product Type (Laser Ablators,
Radiofrequency Ablators, Microwave Ablators, Ultrasound Ablators, Others) By
Procedure (Tumor Ablation, Varicose Veins, Atrial Fibrillation, Skin
Tightening, Others) By Usability (Disposable v/s Reusable) By Function
(Automated/Robotic v/s Conventional) By Application (Cancer Treatment, Cosmetic
Treatment, Urological Treatment, Orthopedic Treatment, Others) By End User
(Hospitals & Clinics, Ambulatory Care Centers, Others) By Region,
Competition Forecast & Opportunities, 2026”,
the global ablation system devices market is anticipated to grow at an
impressive CAGR in the upcoming five years, 2022-2026. The market is
anticipated for the growth on account of growing popularity of non-invasive and
easier healthcare treatments for various chronic diseases. The cases of chronic
diseases and cardiovascular diseases is increasing at an alarming rate. To
operate for these diseases, surgeons often have to perform a laborious and time
consuming surgeries that leads to scaring of the human body and prolonged
rehabilitation period. To overcome such time consuming process and bring a more
convenient treatment, ablation system devices are implemented.
Moreover,
terminal diseases like cancer, often requires a surgical removal of tumorous
cells, this process is carried out by electrocuting the cancerous cells by
using ablation system devices; the increase in the rising number of cancer
patient and their treatment in supporting the growth of global ablation system
devices market in the next five years. Also, increasing cases of radiofrequency
technology of the ablation system devices is driving the market. Government
investment toward the reimbursement of the treatment plan will further enrich
the chances of patients opting for the procedures and thus growing the market
in future.
Due
to the onset of COVID-19 and imposition of complete lockdown to mitigate the
coronavirus, there has been shutdown of many manufacturing units and disruption
in the supply chain resulting in interrupted production and lesser supply of
the ablation system devices all around the globe. Also, the economy has been
adversely affected in many countries resulting in the hinderance to the growth
of the ablation system devices market. However, after relief from lockdown
market is again going to pick up pace to grow significantly.
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The global ablation system devices market is
segmented by technology, product type, procedure, usability, function,
application, end user, and regional distribution. Based on product type, the
market is categorized into laser ablators, radiofrequency ablators, microwave
ablators, ultrasound ablators, and others. Microwave ablators are expected to
show a sharp and maximum growth in the upcoming five years as they are implied
for the treatment of cancerous cells. As stated earlier, cancer patients are
increasing at an alarming rate and thus driving the growth of the segment in
the forecast period. Other than that, laser ablators are implemented for the research
purposes. To study the sensory nerves functions in various species.
Radiofrequency ablators use vibrational energy to operate, while ultrasound
ablators are for various radiographic processes that would aid with
non-surgical diagnosis.
Some of the major competitors in the market are Medtronic
Plc., Conmed Corporation, Boston Scientific Corporation, Johnson & Johnson
Services, Inc., Olympus Corporation, Abbott Laboratories, Inc., AngioDynamics,
Inc., Smith & Nephew PLC, AtriCure, Inc., Elekta AB, Varian Medical Systems,
Stryker Corporation, Hologic, Inc., BTG, Plc., Accuray Incorporated, among
others. The companies are focusing on
extensive research and developments activities to stay competitive in the
market. Other competitive strategies include formation of alliances and
partnerships.
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“Healthcare industry is ever growing
with the technological advancements and recent launches. The new technology
penetration in the industry has strengthen the medical devices market in
general. Ablation system devices are a perfect example of the rapid
advancements in the healthcare industry with aid from the government for
further research and development, and emerging trend like adopting artificial intelligence-based
tools for the drug delivery, diagnostics, and treatment is expected to drive the
market growth exponentially. North America is projected to be a promising
region for any kind of future investment,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based Global management consulting
firm.
“Global Ablation System
Devices Market By Technology (Radiofrequency v/s Thermosphere) By Product Type
(Laser Ablators, Radiofrequency Ablators, Microwave Ablators, Ultrasound
Ablators, Others) By Procedure (Tumor Ablation, Varicose Veins, Atrial
Fibrillation, Skin Tightening, Others) By Usability (Disposable v/s Reusable) By
Function (Automated/Robotic v/s Conventional) By Application (Cancer Treatment,
Cosmetic Treatment, Urological Treatment, Orthopedic Treatment, Others) By End
User (Hospitals & Clinics, Ambulatory Care Centers, Others) By Region,
Competition Forecast & Opportunities, 2026”, has evaluated the future
growth potential of Global Ablation System Devices and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Ablation System Devices.
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