Tumor Ablation Devices Market, by Technology, Application, End User and by Geography - Trends and Forecast to 2025


Posted December 17, 2018 by rajkumarbisen

Tumor ablation is a minimally invasive procedure to remove the tumor cells or tissue from the body.

 
With the robust development of imaging devices and modalities during past two decades, image guided techniques like tumor ablation has become a powerful tool for definitive treatment of certain benign and malignant tumors of the lungs, liver, kidneys, bone, and soft tissues and for pain palliation. Tumor ablation is one of the minimally invasive procedure used to destroy cancer cells in the chest, lung and liver and other areas of patients’ body. The change in lifestyle and unhealthy eating habits, along with increasing consumption of tobacco and alcohol is the leading cause for growth in number of cancer cases. As per stats released by National Cancer Institute (NCI), around 1,685,210 new cases of cancer were diagnosed in the U.S. in 2016.
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Market Dynamics
Rising prevalence of tumor cases is the major factor that contributes in the growth of the tumor ablation devices market. According the Central Brain Tumor Registry of the US (CBTRUS), 2015, there are over 138,000 people in the US living with primary brain and central nervous system malignant tumors. Various key players are involved in sustainable development of minimally invasive ablation devices for various types such as catheter ablation, cryoablators, etc. Moreover, key players are also indulged in offering various lucrative features to the potential buyers of the ablation devices such as hospitals and clinics that would in turn help them to grow their sales and establish a global market presence. For instance, Medtronic launched OsteoCool RF Ablation System to treat spine metastases, in January 2016. The system destroys cancer cells by using high frequency energy, and also provides procedural flexibility and tailored treatment for spine metastases. However, cost of the tumor treatment is relatively expensive which may restraint the growth of the market.
New product launches by manufacturers is a prominent factor fueling market growth
Increasing prevalence of various cancer globally rising the demand of treatment through ablation procedure due to its lesser/minimal side effect rates over other procedures intended to boost the tumor ablation devices market. According to the World Health Organization (WHO), cancer is one of the leading causes of morbidity and mortality across the world, with approximately 14 million new cases reported worldwide in 2012.
Tumor Ablation devices market is focused towards the benign tumors and early forms of malignant tumors treatment that can be removed with the help of minimally invasive surgical methods. According to the World Health Organization (WHO) data 2012, 30-50% deaths caused due to cancer can be prevented by adequate treatment in early stages and can drastically reduce risk factors. Companies in tumor ablation devices market are focusing towards enhancing its strength through new product launches within shorter product approval time than required, merger & acquisition to enhance their product portfolio and increase the visibility of the market over the forecast period.
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Key companies covered as a part of this study include Boston Scientific Corporation, Medtronic Plc, Intuitive Surgical, Inc., Johnson & Johnson, Inc., Smith & Nephew Plc., Angiodynamics, HealthTronics, Inc, SonaCare Medical, LLC., Galil Medical Inc., EDAP TMS S.A., Abbott Laboratories, NuVasive, Inc, and Alpinion Medical Systems Co., Ltd.

Detailed Segmentation:
• Global Tumor Ablation Devices Market, By Technology:
◦ Radiofrequency Ablation
◦ Microwave Ablation
◦ Cryoablation
◦ High-Intensity Focused Ultrasound
◦ Laser Interstitial Thermal Ablation
◦ Others
• Global Tumor Ablation Devices Market, By Application:
◦ Breast Cancer
◦ Liver Cancer
◦ Prostate Cancer
◦ Lung Cancer
◦ Kidney Cancer
◦ Others
• Global Tumor Ablation Devices Market, By End User:
◦ Hospitals
◦ Ambulatory Surgical Centers

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Issued By Coherent Market Insights
Country United States
Categories Health
Tags tumor ablation devices market shares , tumor ablation devices market size , tumor ablation devices market trends , tumor ablation devices market
Last Updated December 17, 2018