Market Analysis: Global Tumor Ablation Market

Tumor ablation market is registering a healthy CAGR of 13.80% in the forecast period of 2019-2026. This rise in the market value can be attributed to the surging usage of minimally invasive procedures due to various benefits, including less trauma, speedy recovery, and minimal complications.

Global Tumor Ablation Market By Type (Tumor Ablation Systems, Image Guidance Products, Accessories), Cancer Type (Liver Cancer, Brain Cancer, Lung Cancer, Bone Cancer, Kidney Cancer, Pancreatic Cancer, Breast Cancer, Others), Technology (Radiofrequency Ablation, Microwave Ablation, Cryoablation, Other Technologies), Mode of Treatment (Percutaneous Ablation, Laparoscopic Ablation, Surgical Ablation), End User (Hospitals, Oncology Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa) – Industry Trends and Forecast to 2026

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Market Definition: Global Tumor Ablation Market

Tumor ablation is the technology utilized to eliminate the tumor with the help of needle, placing in the tumor organ using imaging technology. The therapy can be performed using various techniques such as microwave ablation, radiofrequency ablation, cryoablation, and other techniques. Various cancers including liver tumor, lung cancer, renal tumor, prostate cancer, and other tumors can be handled with this technology.

Market Drivers

·       The increasing incidence of cancer, is helping the market to grow

·       Rising aging population, is the major growth factors for this market

·       Technological advancements in ablation devices, are expected to grow this market

·       Various initiatives taken by the government organizations, are fueling the market growth

Market Restraints

·       Strict regulations from the government side, hinders the growth of the market

·       Delay in approval for the launch of the product, restraining the growth of the market

·       Cost containment measures by governments, is effecting the growth of the market

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Competitive Analysis:

Global tumor ablation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global tumor ablation market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major market competitors currently working in the global tumor ablation market are AngioDynamics, Boston Scientific Corporation, EDAP TMS, HealthTronics, Inc., Medtronic, Misonix, Medical Devices Business Services, Inc., Sonacare Medical, Biotronik, Inc., Erbe Elektromedizin GmbH, Smith & Nephew, CONMED Corporation, MERMAID MEDICAL A/S, Integra LifeSciences Corporation, BTG International Ltd, Abbott, BVM Medical Ltd. Limited, COMSOL INC., Cortex Technology, CooperSurgical, Inc., AtriCure, Inc.

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Research Methodology: Global Tumor Ablation Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others

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Key Developments in the Market:

In March 2017, Crittenton Hospital Medical Center started Tumor Ablation Program. This program is specialized in using a minimally invasive surgical procedure in any part of the body to treat cancer tumors. An ambulatory procedure, ablation is relatable to a needle biopsy, but is conducted for tumor visualization under CT scan or ultrasound guidance.

In January 2016, Medtronic completed the acquisition System from Baylis Medical of OsteoCool RF Ablation. After 510(k) allowance from the U.S., Medtronic introduced the cooled radiofrequency (RF) ablation tech in the U.S. approved by FDA. Medtronic and Baylis have also collaborated with the scheme to further innovate and advance technology.

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