Tumor ablation or cancer ablation is the less-invasive surgical approach to cure the solid cancers. There are special devices or tools that are mainly used to freeze or burn cancers without the need for usual surgery. Some of the techniques that guide and place the needle probe in tumor include ultrasound, computed tomography, or magnetic resonance imaging. This needs tiny hole, which is generally not more than 3 mm via which the probe is introduced. When this probe or tool is inside the cancer, it is connected to the generator that freezes or burns the cancer. The effectiveness of this technique is based on two crucial things including; its accessibility to the probe and the tumor size.
Tumor Ablation is estimated to be over US$ 545.3 Mn in 2018. It is anticipated to grow at 11.1% CAGR from 2019 to 2030.
The significant growth of the market can be attributed to growing number of geriatric population followed by increasing number of cancer patients. Moreover, technological advancements in ablation devices in emerging countries, is anticipated to boost the growth of the tumor ablation market over the forecast period. However, high cost of tumor ablation treatment is likely to restrain the market to a certain extent.
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Major Key Players of the Tumor Ablation Market are:
Medtronic, Integra LifeSciences Corporation, AngioDynamics, Boston Scientific Corporation, NeuWave Medical, (Johnson & Johnson Services), Galil Medical Inc. (BTG International Ltd), Misonix, HealthTronics, Inc., Sonacare Medical, MERMAID MEDICAL A/S among others.
According to World Health Organization, around 13% of the populace worldwide is aged 65 and above. The incidence of cancer is increasing with ageing. Around 60% of all cancer cases are diagnosed in patients aged 65 and above. Age related changes in the body are associated with an increased susceptibility to toxicity during chemotherapy and also, surgery is not offered to older patients mostly due to increased risk of surgical mortality. For the aged patients, who are not qualified for surgery and for whom chemotherapy is not a suitable option, there are technologies such as Radiofrequency Ablation (RFA), Microwave ablation (MWA) and Cryoablation to treat their cancer. This is expected to propel the growth of the Tumor Ablation Market.
The Tumor Ablation Market is segmented on the basis of Technology, Applications and region.
Major Technology of Tumor Ablation Market covered are:
- Radiofrequency Ablation
- Microwave Ablation
- Cryoablation
- High Intensity Focused Ultrasound (HIFU)
Major Applications of Tumor Ablation Market covered are:
- Liver Cancer
- Lung Cancer
- Kidney Cancer
- Bone Metastasis
- Breast Cancer
- Prostate Cancer
Tumor ablation has become more mainstream because of advancements in laparoscopic surgical approach and percutaneous ablation. Percutaneous image guided ablation is a safe, minimally invasive treatment for patients who have not achieved desired results by chemotherapy and radiotherapy. Techniques such as radiofrequency (RFA), microwave (MWA) and cryoablation ablation use thermal energy to heat or cool tumorous tissue at cytotoxic level. Moreover, Ultrasound guided high intensity focused ultrasound (HIFU) is a safe and feasible tumor ablation modality to manage solid tumors in difficult locations such as renal cancer, pancreatic cancer and metastatic bone tumors. It is a relatively new technique that has great potential for further development. This in turn aids the substantial growth of the tumor ablation market.
Research objectives:-
– To study and analyze the global Tumor Ablation consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Tumor Ablation market by identifying its various sub-segments.
– Focuses on the key global Tumor Ablation manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Tumor Ablation with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Ecosystem
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Epidemiological Assessment
- Technological Advancements
- Application Horizon Assessment
- GLOBAL TUMOR ABLATION MARKET – ANALYSIS & FORECAST, BY TECHNOLOGY
- Radiofrequency Ablation
- Microwave Ablation
- Cryoablation
- High Intensity Focused Ultrasound (HIFU)
- Other Technologies
- GLOBAL TUMOR ABLATION MARKET – ANALYSIS & FORECAST, BY MODE OF TREATMENT
- Surgical Ablation
- Laparoscopic Ablation
- Percutaneous Ablation
- GLOBAL TUMOR ABLATION MARKET – ANALYSIS & FORECAST, BY APPLICATION
- Liver Cancer
- Lung Cancer
- Kidney Cancer
- Bone Metastasis
- Breast Cancer
- Prostate Cancer
- Other Cancers
- GLOBAL TUMOR ABLATION MARKET – ANALYSIS & FORECAST, BY END USERS
- Hospitals
- Cancer Specialty Centers
- GLOBAL TUMOR ABLATION MARKET – ANALYSIS & FORECAST, BY REGION
- North America Tumor Ablation Market
- Europe Tumor Ablation Market
- Asia Pacific Tumor Ablation Market
- Rest of the World (ROW) Tumor Ablation Market
- COMPETETIVE LANDSCAPE
- Market Share Analysis (2018)
- Key Strategies Assessment
- New Product Launches
- Merger & Acquisitions
- Agreements, Collaborations, & Partnerships
- Expansions
- Other Strategies
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Medtronic
- Integra LifeSciences Corporation
- AngioDynamics
- Boston Scientific Corporation
- NeuWave Medical, Inc. (Johnson & Johnson Services, Inc.)
- Galil Medical Inc. (BTG International Ltd)
- Misonix
- HealthTronics, Inc.
- Sonacare Medical
- MERMAID MEDICAL A/S *Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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