Ablation Technologies Market to Reach US$10.6 bn by 2020 due to their High Adoption in Minimally Invasive Surgeries
Ablation technologies are used for performing minimally invasive surgeries, which are gradually replacing conventional surgical procedures. These technologies are aimed at removing the abnormal tissue growth in the body to treat the disease. The ability of these technologies to reduce the post-surgery recovery period, thereby reducing the chances of complications has become the driving force for the overall market. Surgeries have also become far more accurate, delivering an improved rate of success due to ablation technologies. All of these factors are expected to fuel the growth of this market in the foreseeable future.
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The global ablation technologies market is segmented on the basis of technologies, application, and geography. The technologies used in this market are radiofrequency (RF), ultrasound or high intensity focused ultrasound (HIFU), cryotherapy, microwave, electrical, light or laser, and others. Applications of these technologies are seen in areas such as gynecology, cardiovascular, oncology, pain management, ophthalmology, and others. Geographically, this market is segmented into Asia Pacific, Europe, North America, and Rest of the World.
Currently, North America is leading the overall ablation technologies market due to a high demand for these technologies from regions such as Canada and the United States. Out of the two countries, the United States holds the major share of contribution due to a larger consumer base, availability of healthcare services, and higher adoption rate of these technologies. In the coming years, analysts predict that Canada’s contribution will also rise due to the adoption of new ablation technologies such as microwave and radiation.
The report also indicates that Asia Pacific ablation technologies market will also grow at a rapid pace in the same forecast period due to a huge patient pool. The rising awareness about healthcare, increasing expenditure on healthcare, and increasing cases of chronic diseases are also likely to propel this market in the near future.
Some of the important players directing the competitive landscape of the global ablation technologies market are Angiodynamics, Inc., Boston Scientific Corporation, Biosense Webster Inc., Medtronic, AtriCure, Inc., St. Jude Medical Inc., and BSD Medical Corporation among others. The research report profiles these players and provides an assessment of the milestones these companies have achieved and their roadmap for the future. Furthermore, the research report also provides an evaluation of the research and development activities, financial overview, investment outlook, business and marketing strategies of these operating companies in the global market for the coming few years.
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