According to the latest IMARC group report, entitled “Ablation Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026“, the global ablation devices market experienced strong growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026.
Ablation devices refer to minimally invasive (MI) medical instruments used for the excision or ablation of abnormal body tissue for therapeutic purposes. Their commonly used variations include handling of robotic and fluid cooled, temperature controlled catheters and laser ablators, balloon ablation devices, tissue contact and sputtering probes, etc. These devices work with the help of various technologies, such as hydrothermal, laser, cryoablation, microwave, ultrasound. , etc. They find many applications in the treatment of various disorders including oncological, ophthalmological, gynecological, urological, cardiovascular, etc., as well as in the management of several chronic diseases, the elimination of kidney stones and cancerous tumors, chronic management neck, lower back and arthritis pain, etc.
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Market trends
Growing prevalence of life-threatening diseases like cancer, atrial fibrillation, chronic venous insufficiency (CVI) etc. is one of the major factors driving the ablation devices market. In addition, the growing public awareness of the increasing availability of effective ablation procedures further increases the demand for the products. Moreover, the increasing adoption of electrophysiology to remove abnormal tissue that causes irregular heart rhythms or cardiac arrhythmia is strengthening the market growth. In addition, the development of various innovative products, such as next generation ablation devices with robotic navigation systems, is also catalyzing the global market. In addition to this, the introduction of non-thermal, non-tumescent, and non-sclerosing endovenous variants to effectively treat superficial venous reflux is expected to drive the ablation devices market during the forecast period.
To note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report..
Competitive landscape:
The competitive landscape of the industry was also examined along with the profiles of the major players.
- Abbott Laboratories
- Angio Dynamics Inc.
- AtriCure Inc.
- Boston Scientific Society
- CONMED Company
- Elekta AB (released)
- Johnson & johnson
- Medtronic plc
- Olympe Society
- Smith Neveu plc.
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The report segmented the market based on device technology, application and end user.
Breakdown by device technology:
- Radio frequency devices
- Laser / light ablation
- Ultrasonic devices
- Cryoablation devices
- Others
Breakdown by application:
- Cancer treatment
- Treatment of cardiovascular disease
- Ophthalmologic treatment
- Gynecological treatment
- Urological treatment
- Plastic surgery
- Others
Breakdown by end user:
- Hospitals
- Ambulatory surgery centers
- Others
Breakdown by region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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