Ablation Technology Market Forecasted Double-Digit Growth Rate Through 2024

Ablation Technology Market Forecasted Double-Digit Growth Rate Through 2024

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Global Ablation Technology Market: Overview

Ablation is a procedure for removal of undesired and anomalous tissue from the body. Ablation provides some advantages over normal surgery such as less blood loss, reducing post-surgical complications, and low risk of infection. Increasing occurrences of cancer and other cardiovascular diseases are resulting into the availability of various ablation technologies in the market.

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Global Ablation Technology Market: Segmentation

The global ablation technology market is divided on the basis of applications as urology, cardiovascular, ophthalmology, pain management, cancer treatment, gynecology, and others. The global market is further segmented on the basis of technology as ultrasound ablators, microwave ablators, electrical ablators, radiofrequency ablators, light/laser ablators, and others. Of these, radiofrequency ablators segment is the leading technology segment in the global market. Moreover, with increasing atrial fibrillation, the use of electrical ablation also increased.

Global Ablation Technology Market: Growth Factors

Owing to changing lifestyle and eating habit, increase in a number of chronic diseases is expected to foster the global ablation technology market growth in future. Growing demand for minimally invasive and improved surgery-less processes results in high demand for ablation technology. Increasing number of people suffering from chronic diseases owing to food habits and the shift in lifestyle is anticipated to increase the demand in the near future. Moreover, growing government support for improved healthcare facilities and increasing financial assistance by many financial service providers may impact the global market in a positive way. Increasing spending power, surgery centers, hospitals, ablation centers, and better reimbursements are expected to fuel the global ablation technology market growth. However, the high cost required for the procedure may restrain the global market growth in future.

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Global Ablation Technology Market: Regional Analysis

North America is anticipated to witness the highest growth in the global ablation technology market mainly owing to the adoption of advanced technologies in this region. The US contributed to the major market share owing to increasing penetration in the healthcare industries. Growing population in North America also fuels the ablation technology market in this region. Moreover, increasing awareness and improved medical and insurance claims in Asia pacific are expected to boost the global ablation technology market in the coming years. Growing number of aged population in the Western Countries and Japan increases the chances of cardiovascular and cancer diseases, which in turn will influence the global ablation technology market in the near future.

Global Ablation Technology Market: Competitive Players

Major players in the global ablation technology market are Boston Scientific Corporation, Covidien plc St. Jude Medical Inc., Medtronic plc, AngioDynamics, and Biosense Webster, Inc. Other key players influencing the global market are AtriCure, Inc. and CONMED Corporation. Many major players in the global market are opting for new strategies, mergers, and acquisitions in order to expand their market share. For example, St. Jude Medical, Inc., a global medical device company, declared the FDA-approved FlexAbility Ablation Catheter. It is new ablation technology that will treat cardiac arrhythmias by electrophysiologists.

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Global Ablation Technology Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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