Global Ablation Technologies Market to Expand at a 12.10% CAGR by 2020 as Incidence of Cancer Continues to Rise

Transparency Market Research Report Added “Ablation Technologies Market (Applications: Cardiovascular, Gynecology, Pain Management, Oncology, Urology, Ophthalmology; Technologies: Radiofrequency, Light/Laser, Electrical, Ultrasound, Microwave, Cryotherapy) ” to its database.

Ablation Technologies Market: Discription

An ablation procedure is a minimally invasive process to remove unwanted tissue from the body by using various energy devices such as radiofrequency, microwave, ultrasound, electrical current, laser and others. The ablation devices are consisting of catheters, generators and other monitoring equipments. Ablation technologies are majorly employed for surgical procedures in cardiological disorders such as atrial fibrillation, arrhythmia, refractory hypertension and others; along with this, removal of cancerous and non cancerous tumors is also important application of ablation devices. As ablation surgeries are minimally invasive nature, it reduces post surgical complications and gives more accurate and successful results, therefore market for ablation technologies have high growth potential in coming future.

Global ablation technologies market is analyzed on the basis of technologies and applications. The technology component is further segmented into six major categories namely radiofrequency (RF), cryotherapy, ultrasound or High Intensity Focused Ultrasound (HIFU), light or laser, electrical, microwave and others. Whereas, the market by application is subcategorized into cardiology (includes renal denervation), gynecological (includes endometrial ablation), oncology, pain management, urology, ophthalmology (includes LASIK) and others. A detailed analysis and forecast for these segments of ablation technology market has been provided in this study, in terms of market revenue (USD million) for the period 2012 to 2020. The report also provides the compounded annual growth rate (CAGR %) for each technology and application for the forecast period 2014 to 2020, while market size estimations have been made considering 2012 and 2013 as the base years.

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Ablation Technologies Market: Overview

Ablation technologies based surgeries are minimally invasive and are emerging as an alternative to primitive invasive surgical procedures. Ablation involves either complete destruction or removal of abnormal tissue with the aim to cure the disease. Ablation technologies market can be segmented into two prominent categories namely thermal ablation and non-thermal ablation. The thermal ablation technology encompasses radiofrequency, microwave, ultrasound, hydrothermal, electrical and light/laser technologies whereas, cryoablation technology falls under non-thermal ablation category. The principal advantage of these procedures over surgery is short recovery time, minimum invasion, low risk of infection, lesser blood loss, and shorter hospital stays. Ablation technologies have applications in various clinical areas such as cancer, cardiac, ophthalmology, urology, gynecology and orthopedics. The report also provides the compound annual growth rate (CAGR %) for each of the segments for the forecast period 2014-2020, while market size estimations have been made considering 2012 and 2013 as base years.

The global market for ablation technologies market has been studied on the basis of application type and technologies type. The application segment has been sub-segmented into these prominent categories namely cardiovascular, gynecology, pain management, oncology, urology, ophthalmology and others. Whereas, the ablation technologies market has been fragmented into radiofrequency, light/laser, electrical, ultrasound, microwave, cryotherapy and others. RF ablation is the most established device type, but ultrasound ablation and cryoablation are growing rapidly owing to advantages associated such as minimal damage to associated tissues among others. Cryoablation devices are the only kind of ablation device that can be used to treat prostate cancer. Urologists and interventional radiologists both use cryoablation to treat kidney cancer using differing techniques. As per an analysis by Center for Disease Prevention and Control (CDC) approximately 5.1 million people face heart failure every year of which one in nine deaths in 2009 were primarily due to cardiac arrhythmia. As per WHO projection, approximately 32 million people are living with some form cancer causing 8 million deaths across the world which clearly depicts scope of opportunities for players operating in the ablation technologies market.

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