during the forecast period. The growing elderly population has also resulted in the incidence of target conditions and contributed to the demand for effective treatment. However, the reuse and reprocessing of the devices in developed countries and an unfavorable regulatory scenario are key factors limiting the growth of this market.
New York, August 25, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Ablation Technology Market by Product, Application, End User – Global Forecast to 2026” – https://www.reportlinker.com/p06130508/?utm_source=GNW
Product recalls and therapeutic challenges related to the effectiveness of ablation products are key challenges facing industry players in the global ablation technology market.
In terms of application, the cardiovascular treatment segment is expected to account for the largest share of the ablation technology market in 2020.
Based on application, the ablation technology market is categorized into major segments: cardiovascular disease treatment, cancer treatment, ophthalmic treatment, pain management, gynecologic treatment, urologic treatment, orthopedic treatment, cosmetic surgery / aesthetics and other applications. The increasing prevalence of the disease and technological advancements in this field will drive the growth of the market.
In terms of product segment, radio frequency ablators segment is expected to account for the largest share during the forecast period.
Based on the product, the global ablation technology market is categorized into laser / light ablators, radio frequency ablators, ultrasonic ablators, electric ablators, cryoablation devices, microwave ablators, and hydrothermal / hydromechanical ablators. Each product class is then segmented according to its applications or its energy source.
The large share of the radiofrequency ablator segment is attributed to the introduction of new products by the major market players and the increasing adoption of RF ablation technology to treat various ailments, such as cancer, heart disease. and ophthalmic diseases.
In terms of type segment, radiofrequency ablation segment is expected to account for the largest share during the forecast period.
Based on the type of power source, the global ablation technology market is categorized into light / laser, radio frequency (RF), electric, ultrasonic, microwave, cryotherapy, and hydrothermal / hydromechanical ablation technologies. Lower cost of radiofrequency ablation, ease of use, and increasing geriatric population are fueling the growth of radiofrequency ablation market.
Hospitals, Surgical Centers and Ablation Centers segment is expected to register the highest CAGR during the forecast period.
The ablation technology market, by end user, is segmented into hospitals, surgical centers and ablation centers, outpatient surgical centers (ASCs), medical spas and aesthetic centers and other end users. Rising incidence of cancer, sports injuries and heart disease is driving the growth of ablation technology market for hospitals, surgical centers and ablation center segment.
The Asia-Pacific market is expected to grow at the highest CAGR during the forecast period.
The ablation technology market covers five key geographies: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. In 2020, the Asia-Pacific region has provided significant opportunities for the growth of the ablation technology market.
The growth of the market in Asia-Pacific can be attributed to the increase in the incidence and prevalence of cancer and heart conditions, technological advancements in products and ablation technology, increased awareness of poor techniques. invasives and growth opportunities in emerging markets.
A breakdown of the main participants mentioned for this report is provided below:
• By type of business: level 1 at 20%, level 2 at 45% and level 3 at 35%
• By designation: C level – 30%, director level – 20% and others – 50%
• By region: North America: 36%, Europe: 25%, Asia-Pacific: 27%, Latin America: 9% and Middle East and Africa: 3%
The major players in the ablation technology market are Medtronic, plc. (Ireland), Johnson & Johnson (United States), Abbott (United States), and Boston Scientific Corporation (United States) and CONMED Corporation (United States), AngioDynamics, Inc. (United States), AtriCure, Inc. (United States), Smith & Nephew plc (United Kingdom), Olympus Corporation (Japan), Varian Medical Systems (United Kingdom), Stryker (United States), Dornier MedTech (Germany), Cynosure (United States United States) and InMode (United States).
This report studies the Ablation Technology market on the basis of type, product, application, end-user, and region. It studies important factors (such as drivers and restraints) affecting the growth of the market.
The report also analyzes market opportunities and challenges for stakeholders and provides details of the competitive landscape for market leaders. It explains micro-markets in terms of their growth trends, prospects and contributions to the total market.
The report forecasts the revenue of market segments for five major regions and their respective major countries.
Reasons to buy the report
The report will enable established companies as well as entering companies / small businesses to take the pulse of the market, which in turn would help them gain a larger market share. Companies purchasing the report can use one or more of the strategies mentioned below to strengthen their presence in the market.
This report provides information on the following pointers:
Market Penetration: Comprehensive product information from the top players in the ablation technology market
Product Development / Innovation: Detailed information on upcoming trends, R&D activities and product launches in the ablation technology market
Market development: comprehensive information on lucrative emerging regions
Market diversification: Comprehensive information on new products, growing geographies, and recent developments in the ablation technology market
Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue and product analysis of the major market players.
Read the full report: https://www.reportlinker.com/p06130508/?utm_source=GNW
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