The global ablation technologies market is estimated to be USD 5.93 billion in 2014 and is expected to reach USD 10.13 billion by the end of 2019. The CAGR during this period is estimated to be 11.25%.
Global Ablation Technologies Market-Market Dynamics
The report details several factors driving and restraining the market. Some of these have been listed below.
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Contributing to the growth of the market are factors such as:
Recent technological advancements and studies
Ever-increasing incidence of cancer and cardiac disease population
Increasing demand for ablation technologies
Recent developments that have led to the reduced healthcare costs
Improvement in the patient quality of life
The lack of properly skilled labor has been hindering the market growth. Along with this, the regulatory framework for the ablation technologies has been stringent across the globe and is an issue that needs to be resolved for the proper growth of the market.
The ablation technologies market is segmented into three different categories. The first segment is based on the type of technology being used in the market. These include procedures such as radiofrequency ablation, microwave ablation, electrical ablation, ultrasound, and cryoablation. Among these techniques, radiofrequency ablation is the most used technology worldwide. More than 50% of the ablation procedures use the radiofrequency ablation techniques. The second segment explores the applications of the ablation techniques. Ablation techniques are used in surgeries involving major body organs. They are used in cardiovascular surgeries, cancer treatments, colorectal surgery, dermatology surgeries, urology and other procedures.
Geographically, the market is segmented into four regions which are North America, Europe, Asia-Pacific and Rest of the World. North America accounts for the biggest market globally. More than 55% of the market is based out of Canada and USA. This can be attributed to the per capita income and the ever-rising patient population that has cancer and cardiac-related problems. Following North America, Europe is the second biggest market globally. APAC is a market with a lot of promise and potential.
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Some of the key players in the market are:
Arthro Care Corporation
Boston Scientific Corporation
Given Imaging, Ltd.
Intuitive Surgical, Inc.
Johnson & Johnson, Inc.
Karl Storz GmbH & Co. KG
What the Report Offers
Market definition for the global ablation technologies market along with identification of key drivers and restraints for the market.
Market analysis for the global ablation technologies market, with region-specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
An exhaustive understanding of the global ablation technologies market.
A comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade.
An ideal opportunity for industry consultants and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered.
Wide-ranging information provided about the leading market players and the major strategies adopted by them.
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Some points From TOC:
1.1 Report Description
1.2 Research Methodology
- EXECUTIVE SUMMARY
2.1 Key Findings
2.2 Market Overview
- MARKET OVERVIEW
3.1 Market Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
188.8.131.52 Recent Technological Advancements
184.108.40.206 Improved Patient quality of life
220.127.116.11 Reduced Healthcare cost
18.104.22.168 Increased demand for minimally invasive procedures
22.214.171.124 Increasing incidence of Cancer and Cardiovascular diseases
126.96.36.199 Increase in the aging population
3.2.2 Market Restraints
188.8.131.52 Regulatory Issues
184.108.40.206 Limited expertise of skilled labor
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