Thyroid Ablation Devices Market Predicted to Tank $1,294.43 Million by 2030

 Alarming rise in prevalence of thyroid cancer, advancements in thyroid ablation system, rise in government & private funds for development of healthcare sectors, and increase in number of thyroid nodule cases are expected to notably contribute toward the growth of the global thyroid ablation devices market during the forecast period. 

According to a new report published by Allied Market Research, titled, “Thyroid Ablation Devices Market by Type, Application Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the thyroid ablation market was valued at $472.79 million in 2020, and is estimated to reach $1,294.43 million by 2030, growing at a CAGR of 10.6% from 2021 to 2030.

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Covid-19 Scenario:

• The Covid-19 pandemic impacted the global thyroid ablation devices market negatively as the demand for these devices reduced due to postponement of non-elective surgeries. The surgeries were carried out only in emergency cases.
• Manufacturing activities for thyroid ablation devices were stopped partially or completely due to lockdown restrictions. Shortage of workforce and raw material supply also presented challenges in manufacturing.

Thyroid Ablation Devices Market Report Highlights