Ablation Devices Market To Witness Robust Growth Over 2021-2025

U.S. ablation devices market is anticipated to experience a growth of nearly 10.5% over the projected time period. Provision of insurance policies and reimbursements by Medicaid (CMS) and Center for Medicare will help drive the product demand in the region. Increase in the venture capital investments, high healthcare expenditure along with increasing geriatric population will propel the U.S ablation devices industry size by 2025.

An increase in the adoption of minimally invasive technologies will positively drive ablation devices market size, along with the rising number of cardiovascular disorders and cancer patients worldwide. According to the National Cancer Institute, the expenditure for cancer treatment in the U.S was 147.3 billion in 2017 and the future costs are likely to surge owing to aging population and rise in the prevalence of cancer-causing habits.

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Radiofrequency ablation devices are used to achieve better results in medical fields like cardiology, pain management, cosmetology, oncology, and gynecology. The segment owned a share of 22.3% of the total ablation devices industry size in 2018. A substantial increase in geriatric population will increase the demand for radiofrequency ablation devices and augment global adoption.

Oncology ablation devices are equipped to treat tumors that can cause cancer by freezing or burning them. The oncology ablation yields better health benefits compared to other medical treatments used for treating cancer and ensures lower post-procedure stay in the hospitals compared to open surgeries. Oncology ablation devices held 30% of the market share in 2018 and the segment is expected to gain substantial growth over the analysis time period.

The devices have major applications in ambulatory surgical centers, clinics, and hospitals. Ablation devices have the highest demand in hospitals owing to a large budget as well as a very high number of procedures that take place in this environment.

Through segmentation by technology, the ablation devices market consists of electrical, light, ultrasound, radiation, radiofrequency, thermal, cryotherapy, hydro mechanical and microwave segments. Of these, the radiofrequency ablation devices segment accounted for nearly 22.3% of the market share in 2018.

The reusable ablation devices product segment is expected to register gains of over 10.3% over the predicted timeframe. These cost-effective devices are widely used to diminish end-user medical waste, thereby fostering ablation devices market landscape.

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Partial Chapter of the Table of Content

Chapter 6.  Ablation Devices Market, By Product

6.1. Global market share, by product, 2018 & 2025

6.2. Disposable

6.2.1.  Market size, by region, 2014 – 2025 (USD Million and Units)

6.3. Capital

6.3.1.  Market size, by region, 2014 – 2025 (USD Million and Units)

6.4. Reusable

6.4.1.  Market size, by region, 2014 – 2025 (USD Million and Units) 

Chapter 7.  Ablation Devices Market, By End-use

7.1. Global market share by end-use, 2018 & 2025

7.2. Hospitals

7.2.1.  Market size, by region, 2014 – 2025 (USD Million and Units)

7.3. Ambulatory surgical centers

7.3.1.  Market size, by region, 2014 – 2025 (USD Million and Units)

7.4. Others

7.4.1.  Market size, by region, 2014 – 2025 (USD Million and Units)

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