According to Stratistics MRC, the Global Tumor Ablation Devices market is estimated at $260.60 million in 2015 and is expected to grow at a CAGR of 14.6% to to reach $676.66 million by 2022. . Rising incidences of cancers, technological advancements, growing aged population, rising numbers of hospitals and healthcare awareness are the key factors driving the market growth. However, negative effects related tablation treatment and inadequate performance of the devices is hampering the market.
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Radio frequency commanded the technology segment in 2015 owing tits prominent application in solid tumor elimination in the body. On the contrary, microwave ablation technology is expected to bserve remunerative growth during the predicted period due to advantages offered by this technology. Surgical procedures segment held major share of around 40% in 2015. However, percutaneous procedures are anticipated tobserve productive growth over the forecast period owing tincreasing demand for minimally invasive procedures offering sooner recovery and improved safety. The Asia-Pacific market is anticipated to grow at a faster pace during the forecast period owing tfactors such as huge population with the high incidence of various cancers in the region.
Some of the key players in the global Tumor Ablation Devices market are Alpinion Medical Systems Co., Ltd., Angiodynamics, Baylis Medical, biolitec AG, Biotronic NeuroNetwork, LLC, Boston Scientific Corporation , EDAP TMS S.A, Galil Medical, Inc., HealthTronics , Hironic Co., Ltd., Medtronic Plc. (Covidien), Mermaid Medical A/S, Misonix, Inc., Monteris Medical, Inc, Neuwave Medical Inc. , Perseon, Sonacare Medical, LLC, Spectranetics, St. Jude Medical, Inc., and Symple Surgical Inc.
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