The global ablation devices market is estimated to grow at a CAGR of 10.6% during the forecast period. The major factors contributing to the growth of the market include the increasing prevalence of chronic diseases and rising demand for minimally invasive surgical procedures. There is an increasing prevalence of chronic diseases, such as cancer and CVD has been witnessed across the globe. For instance, as per the World Health Organization (WHO), The new incidences of cancer globally are estimated to have increased to 18.1 million new cases and 9.6 million deaths in 2018. One in 5 men and one in 6 women globally develop cancer during their lifetime. The total number of people who are alive within 5 years of a cancer diagnosis, referred to as 5-year prevalence, is estimated to be 43.8 million in 2018. Ablation techniques play a vital role in the treatment of such conditions as it is used to remove or destroy cancerous tissues. As a result, it is encouraging the demand for ablation techniques during minimally invasive procedures.
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Several companies are taking a keen interest in developing new ablation methods, including Hologic Inc., Ethicon Inc. and Boston Scientific Corporation. For instance, In Feb 2017, Hologic, Inc. introduced next-generation technology named NovaSure ADVANCED global endometrial ablation system in the US. It is designed to decrease abnormal uterine bleeding by using RF energy to the endometrium for gently ablating the uterus lining in 2 minutes or less. The device provides a slimmer 6mm diameter intended for physicians’ ease of use and improving patients comfort by continuing the clinical efficiency of the trusted NovaSure system. It has a small sheath size needs less cervical dilation as compared to 8 mm NovaSure device.
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The device is provided along with an acorn-like shaped cervical seal. It creates an enhanced sealing surface under the cervical canal and offers 13% higher working length compared to the previous device. Further enhancements comprise rounded smooth access tips to facilitate insertion as well as a blue handle that aids as a useful reminder regarding the device insertion. This advent of new ablation devices is supporting to drive the efficiency and reliability of ablation procedures and thereby is encouraging market growth.
Market Segmentation
Global Ablation Devices Market by Product Type
• Radiofrequency
• Microwave
• Cryoablation
• Ultrasound
• Others (Laser and Electrical)
Global Ablation Devices Market by Application
• Cancer
• CVD
• Ophthalmology
• Gynecology
• Orthopedics
• Urology
• Others (Aesthetics and Pain Management)
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Abbott Laboratories, Inc.
• Alcon Laboratories, Inc.
• AngioDynamics, Inc.
• AtriCure, Inc.
• Boston Scientific Corp.
• BVM Medical Ltd.
• C. R. Bard, Inc. (a part of Becton, Dickinson & Co.)
• CONMED Corp.
• EDAP TMS SA
• HealthTronics, Inc.
• Hologic, Inc.
• Integra LifeSciences Holdings Corp.
• Japan Lifeline Co., Ltd.
• Johnson & Johnson Services, Inc.
• Medtronic plc
• Merit Medical Systems, Inc.
• Misonix, Inc.
• Olympus Corp.
• Smith & Nephew plc
• Stryker Corp.
• Teleflex, Inc.
• Terumo Corp.
• Varian Medical Systems, Inc.
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