The Global Ablation Technologies Market over the forecast period of 2014 to 2019. The market is expected to reach ~$2.41 billion by 2019, at CAGR of 9.6% from 2014 to 2019.
(PRWEB) September 18, 2014
The global ablation technologies market is estimated to grow at a CAGR of 9.6% from 2014 to 2019. Although mature markets (such as the U.S., Germany, France, and the U.K.) hold larger shares in the ablation technologies market in 2014, the Asia-Pacific region is poised to grow at the highest CAGR of 12.8% in the next five years.Factors such as increasing government initiatives for modernization of healthcare infrastructure, growing number of hospitals and surgical centers, and the rising focus of international and domestic players on the Asia-Pacific ablation technologies market are propelling its growth. Complete report is available at http://www.reportsnreports.com/reports/297795-ablation-technologies-market-by-product-radiofrequency-ultrasound-irreversible-electroporation-cryotherapy-microwave-application-general-cosmetic-surgery-cardiovascular-cancer-ophthalmology-orthopedics-global-forecasts-to-2019.html.
The growth of the ablation technologies market is driven by factors such as ongoing technological development initiatives, rapidly aging population, increasing demand for laparo scopic surgical procedures, modernization of healthcare facilities in emerging countries of the Asia-Pacific and RoW (Rest of the World) regions, and geographic expansions of market players across the globe. However, factors such as ongoing healthcare reforms in the U.S., product recalls, and increasing cost-containment issues faced by ablation device manufacturers and distributors are restraining the growth of this market. A growing number of hospitals and surgical centers, and government initiatives to increase healthcare awareness in developing countries are creating opportunities for the growth of the ablation technologies market.
The global ablation technologies market is highly competitive, with a large number of global and local players. As of 2013, the global ablation technologies market was dominated by Covidien PLC, Medtronic Inc, Biosense Webster Inc. (A Subsidiary of Johnson & Johnson Inc.), St. Jude Medical Inc, Boston Scientific Corporation, Angiodynamics Inc, Atricure Inc, Conmed Corporation, Olympus Corporation and Smith & Nephew PLC. which together accounted for ~55% of the market. New product launches, pipeline product enhancements, and partnerships, agreements, and joint ventures are the major strategies adopted by most of the market players to achieve growth in the ablation technologies market. Order a copy of this report (Priced US $4650) at http://www.reportsnreports.com/purchase.aspx?name=297795 .
Geographically, North America (comprising the U.S. and Canada) commands the largest share of 43.3% of the global ablation technologies market in 2014, followed by Europe. The ablation technologies market in North America is primarily driven by various factors including growing target patient population,well-covered reimbursement system, growth in aging population, and increasing demand for minimally invasive surgical procedures in North American countries. However, the stringent regulatory scenario, ongoing healthcare reforms, and rising price pressure on market players constraints the growth of the ablation technologies market in this region. Priced at US $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=297795 .
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