Growing Preference for Minimally Invasive Surgery Spurs Demand for Energy Based Ablation Devices, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Energy Based Ablation Devices. The global market for Energy Based Ablation Devices is forecast to reach US$26.5 billion by 2020, buoyed by the growing preference among both doctors and patients for minimally invasive surgery.

Follow us on LinkedIn – The global healthcare industry is witnessing dynamic changes, driven by rapid technological advancements in therapeutics, diagnostics, and medical devices, among others. Among the most remarkable developments dotting the healthcare landscape in recent times is the rapidly increasing demand for minimally invasive procedures. Minimally invasive surgeries are the result of technological advancements in the field of medical lasers, endoscopy, robotics and energy based ablation devices. Energy based ablation devices harness energy from various sources including cryotherapy, electrical, radiation, radiofrequency, ultrasound, hydrothermal, hydro mechanical, microwave and light, to cut and seal tissue. Controlled application of energy on target tissue for achieving the desired alteration is growing in popularity in the field of oncology.

Energy based ablation devices are currently used in diverse healthcare fields such as cardiology, orthopedics, ophthalmology, dermatology, oncology, urology, gynecology, and neurosurgery. The global growth in surgical procedures is helping drive demand for energy based ablation devices. Key factors supporting the growth in surgery volumes include rise in aging population requiring surgical medical intervention, and high prevalence of chronic diseases among the general population. Developed economies such as the United States, UK, Canada, Japan and Germany along with certain emerging markets like China, are home to a growing base of aging individuals. With life expectancy increasing, the number of diseases that need to be treated is also growing, resulting in increased demand for healthcare services and products. Growing awareness among the elderly over available minimally invasive treatment options and procedures is expected to augur well for market growth in the coming years. High cost of conventional invasive treatments and aggressive cost rationalization in hospitals are playing important roles in changing the direction of healthcare treatment regimens in favor of minimally invasive procedures. The scenario is benefiting demand for energy based ablation devices.

As stated by the new market research report on Energy Based Ablation Devices, the United States and Europe represent major markets worldwide. Asia-Pacific, led by strong healthcare spending in China and India, is forecast to emerge as the fastest growing market. Radiation Energy Based Ablation Devices represents the largest product segment. Radiofrequency Based Ablation Devices will offer strong growth opportunities, given its widespread use in cardiovascular procedures. Catheter cryoablation devices are witnessing the fastest growth in demand and the probable approval of balloon cryoablation and cryoablation procedures by the FDA for atrial fibrillation treatment would offer further boost demand in the market in the coming years.

Major players in the market include AngioDynamics Inc., ArthroCare Corporation, AtriCure Inc., Boston Scientific Corporation, BIOLASE Inc., biolitec AG, Cardiogenesis Corporation, Cutera Inc., Cynosure Inc., Dornier MedTech GmbH, EDAP TMS S.A., Ethicon Endo-Surgery Inc., InSightec® Ltd., IRIDEX Corporation, Lumenis Ltd., Mederi Therapeutics Inc., Medtronic Inc., Monteris Medical Inc., Olympus America Inc., PhotoMedex Inc., Photocure ASA, ProstaLund AB, Sichuan Jinjiang Electronic Science and Technology Co. Ltd., SOMATEX® Medical Technologies GmbH, SonaCare Medical LLC, Solta Medical, Inc., StarMedTec GmbH, and Syneron & Candela, among others.

The research report titled "Energy Based Ablation Devices: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of major growth drivers, challenges, trends, and strategic corporate developments of major companies worldwide. Market estimates and projections are provided in US$ for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), and Rest of World. Energy Sources analyzed include Electrical energy based ablation devices, Light based ablation devices, Radiation based ablation devices, Radiofrequency based ablation devices, Ultrasound based ablation devices, and Other energy source ablation devices (Cryotherapy, Hydromechanical, Microwave, and Hydrothermal energy based ablation devices).

For more details about this comprehensive market research report, please click here

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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