Tumor Ablation Market Overview:
According to the latest report by IMARC Group, titled “Tumor Ablation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global tumor ablation market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global tumor ablation market reached a value of US$ 920 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,900 Million by 2027, exhibiting a CAGR of 12.7% during 2022-2027.
Tumor ablation is a minimally invasive (MI) technique utilized for treating tumors of kidney, bones, liver, etc. The ablation system comprises of a generator and a needle-like device that delivers the heat directly to the target cells, which causes acute cellular necrosis. Tumor ablation involves inserting a probe and heating it to 100-degree celsius under precise computer tomography, which destroys benign tumors without extracting them from the body. It can be conducted through microwave ablation, cryoablation, radiofrequency ablation, etc. Tumor ablation offers improved accuracy and covers a more extensive treatment area, with minimal pain and risk for the patient upon repeated administrations.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The escalating prevalence of cancer is among the key factors driving the tumor ablation market across the globe. Moreover, owing to numerous benefits, such as the lesser amount of trauma, speedy recovery, reduced complications, shorter hospital stay, etc., tumor ablation are gaining immense traction in the medical sector. Besides this, numerous technological advancements, including the introduction of irreversible electroporation, thermal and laser ablation, High-Intensity Focused Ultrasound (HIFU), etc., are also augmenting the global market.
Furthermore, the increasing healthcare expenditures, coupled with the launch of favorable government initiatives to encourage awareness about cancer and its treatment methods, are anticipated to bolster the tumor ablation market in the coming years.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Medtronic
- AngioDynamics Inc.
- HealthTronics Inc.
- NeuWave Medical
- INTIO Inc.
- Galil Medical Ltd.
- Boston Scientific
- Sonacare Medical
- EDAP TMS S.A.
- ERBE Elektromedizin GmbH
- IceCure Medical Ltd.
- MISONIX Inc
- Endocare Inc.
- CooperSurgical Inc.
- B V M Meditech Pvt
Key Market Segmentation Breakup by:
Technology:
- Radiofrequency (RF) Ablation
- Microwave Ablation
- Cryoablation
- Others
Mode of Treatment:
- Percutaneous Ablation
- Laparoscopic Ablation
- Surgical Ablation
Mode of Application:
- Liver Cancer
- Lung Cancer
- Kidney Cancer
- Bone Metastasis
- Others
End-User:
- Hospitals
- Cancer Specialty Clinics
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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