The Global Market For Ablation Devices Market To Grow To $15.1 Billion By 2018
Wellesley, Mass (PRWEB) February 03, 2014
According to a new technical market research report Ablation Devices: Technologies and Global Markets, from BCC Research (http://www.bccresearch.com), the global market for ablation devices was valued at nearly $8.1 billion in 2012 and is estimated at $8.8 billion for 2013. BCC Research projects the market to grow to $15.1 billion by 2018, and register a five-year compound annual growth rate of 11.3% from 2013 to 2018.
Ablation is a minimally invasive surgical technique that involves the destruction or removal of dysfunctional tissues to treat life-threatening diseases such as cancers and atrial fibrillation. It is also equally adopted for simple treatments in cosmetology, orthopedics, uterine fibroids, etc. For this reason, the ablation device market is expected to grow at a healthy rate over the next five years. Factors such as technological advancements, high risk of chronic diseases, less time required for ablation therapies, and less blood loss are driving this market. Various factors that are restraining the market are stringent regulations and insurance reimbursement issues. Recent advancement in the automation of the procedures (robotic catheter ablation procedures) is also boosting the market’s growth.
North America and Europe are currently the revenue-generating regions mainly due to aging populations, increases in incidences and prevalence of chronic diseases, namely cardiovascular and cancer; rapid acceptance of technological advancement by the population; increase in demand of minimally invasive surgeries; and a well-established reimbursement system. Factors shaping growth include a large patient pool, increased awareness among patients about minimally invasive surgeries, sedentary lifestyles, geographical expansion strategy adopted by many market players, and increased investments by the government in expansion of healthcare facilities, mainly in remote areas.
This technical market research report from BCC Research provides an in-depth analysis of the global ablation market organized by technologies, product categories, therapeutic segments, key procedures, and geographical markets. It includes key technologies involved in thermal ablation techniques and nonthermal ablation techniques. The report discusses the role of supply chain members from manufacturers to surgeons. It also presents a comprehensive analysis of key companies operating in the global ablation market. In-depth patent analyses in the report focus on providing extensive technological trends across years and geographies such as the United States, Europe, and Japan.
The ablation devices market is mainly segmented into two classes: thermal and nonthermal technologies. Thermal technologies are further segmented into electrical, radiation, radio frequency, light, ultrasound, microwave, and hydrothermal. The nonthermal technology market is segmented into cryotherapy and hydromechanical. The ablation devices technology market is further segmented on the basis of products offered for in-depth analysis of technology markets during the analysis period. The market study is detailed for technology based on procedures as well as its further implication on the therapeutic area. These two segmentations are also discussed in detailed for the given period. The market is segmented by geographical region into the Americas, Europe, Asia-Pacific and ROW.
This report is intended for ablation technologies and device manufacturers and potential entrants; dealers, distributors, and service providers of ablation devices; robotics, life science, and surgical companies; healthcare-oriented software and analytics companies; and research institutes, associations and academicians.