The global cryoablation market is expected to grow at an impressive CAGR of 11.2% during the forecast period. The major factors that are augmenting the growth of the cryoablation market include an increase in the prevalence of chronic diseases such as cancer and changing lifestyles. In addition, the acceptance of minimally invasive technology and increasing investments in R&D are other major factors augmenting the market growth. The emerging application of this therapy will turn out to be a huge opportunity for the cryoablation market.
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Cryosurgery is used to treat several types of cancer and some precancerous conditions. In addition to cryosurgery, prostate, and liver tumors, cryoablation can be an effective treatment for retinoblastoma, early-stage skin cancers, actinic keratosis, and cervical cancer. Treatment is based on a 20–40 second application (multiple if needed) of a refillable metallic probe that is electrically heated to approximately 100 °C, most important to epithelial and stromal destruction.
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In Jan 2019, FMC Corp. introduced Lucento fungicide to combat foliar disease and fungicide resistance. The US Environmental Protection Agency has approved registration for Lucento fungicide in soybeans, corn, peanuts, sugarbeets, and wheat. In August 2018, FMC introduced Ethos 3D fungicide that provides full protection from diseases to the crop such as corn, peas, soybean, and dry beans. The biofungicide present in it colonizes root hairs and grows along with root systems and to provide a protective layering from fungal pathogens which help in more uniform crop production.
In March 2019, Nufarm Ltd. launched Tamiz fungicide in Brazil as a step towards expanding its geographical presence. Tamiz fungicide is designed with an aim to provide control and prevention of fungal activities in corn, wheat, beans, and coffee plants. It contains two active ingredients azoxystrobin and tebuconazole. The fungicide will benefit the farmers to produce high yield and high-quality crops to recover the huge cost associated with the production of the crop.
Global Cryoablation Market Segmentation
Global Cryoablation Market by Application
• Oncology
• Cardiology
• Other
Global Cryoablation Market by End-User
• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
Global Cryoablation Market – Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
• Adagio Medical, Inc.
• AngioDynamics, Inc.
• AtriCure, Inc.
• ATS Medical, Inc.
• BioSig Technologies, Inc.
• Boston Scientific Corp.
• CPSI Biotech
• HealthTronics, Inc.
• IceCure Medical
• Johnson & Johnson Services, Inc.
• Medtronic PLC.
• Olympus Corp.
• Sanarus Technologies, Inc.
• Stryker Corp.
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