Ablation involves the surgical removal of body tissue by transferring heat to the target tissue. This process is used to remove varying amounts of tissue, depending on the type of ablation and technique applied. Various imaging-guided modalities such as computed tomography (CT), ultrasonography, and magnetic resonance imaging (MRI) are used to guide specially equipped needles to the target site. These needles undergo different forms of electrical tests depending on the technology employed. Techniques like radiofrequency with radio waves, cryoablation using liquid nitrogen, and laser ablation using laser beams have proven beneficial for treating critical medical conditions such as cardiac arrhythmias, prostate tissue, corneal surface laser ablation, tumors, and chronic pain.
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Market Analysis
The rise in awareness about minimally invasive surgeries or procedures has led to high adoption rates due to their lower pain levels, outpatient nature, and cost-effectiveness compared to traditional open surgeries. Minimally invasive surgeries are emerging as potential replacements for conventional therapeutic cancer surgeries in treating various tumors in the prostate gland, lungs, and liver. Additionally, the incorporation of robotic navigation technologies to enhance the accuracy of ablation procedures is increasing the popularity of these surgeries. The cost of tissue ablation treatment is directly related to the size of the tissue or tumor and the number of probes required for the surgery.
Major Products
- Endostat III Bipolar/Monopolar Electrosurgical Generator
- MAESTRO 4000 Cardiac Ablation System
- Cool-tip RF Ablation System E Series
- Barrx Radiofrequency Ablation System
- Cardioblate iRF Irrigated Radiofrequency Surgical Ablation System
- Cardioblate 68000 Surgical Ablation System Generator
- CARTO 3 System
- Ethicon Endo-Surgery Generator
- GYNECARE THERMACHOICE III Uterine Balloon Therapy System
- VAPR VUE Radiofrequency System (Johnson & Johnson)
- AtriCure Ablation Sensing Unit (ASU)
- BLAZER PRIME Temperature Ablation Catheter
- INTELLANAV XP & INTELLANAV MIFI XP Temperature Ablation Catheter Family
- Cardioblate MAPS Device
- Cardioblate CryoFlex Surgical Ablation Probes
- THERMOCOOL Bi-Directional Catheter
- TactiCath Quartz Contact Force Ablation Catheter
- FlexAbility Irrigated Ablation Catheter
- ViewFlex Xtra Intracardiac Echocardiography Catheter
- Monopolar Sealers PlasmaBlade Soft Tissue Dissection Devices
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Market Dominance
The market is dominated by key players such as Medtronic, St. Jude Medical (now Abbott Laboratories), Boston Scientific, Johnson & Johnson, and AngioDynamics, collectively holding over 75% of the global ablation devices market. The market is highly fragmented, with numerous global and local players. Increased prevalence of chronic disorders, growing popularity of minimally invasive surgeries, emphasis on early prevention, and rising disposable incomes are driving market growth.
Market Analysis
The Global Ablation Devices Market is projected to achieve a CAGR of 10.61% during the forecast period from 2017 to 2023. The market is analyzed based on three segments: product type, end-users, and regions.
Regional Analysis
The Americas are expected to lead in the growth of the ablation devices market, followed by Europe. Emerging regions with significant growth potential include Asia Pacific and the Rest of the World (ROW). Brazil is poised to become the most attractive destination, with the popularity and utilization of ablation procedures expected to increase in Latin America in the coming years.
Product Types Analysis
Consumables represent the fastest-growing segment and dominate the global ablation market, accounting for 47% of the total market share. Cardiac arrhythmias are the most common ablation treatment, followed by cancer ablation methods across all ablation types. The increasing prevalence of chronic disorders and a growing number of ablation procedures are expected to drive the consumable market during the forecast period. The ablation catheters segment is growing steadily and ranks second in the global ablation market. The generator/electrosurgical unit segment is experiencing moderate growth but is expected to see significant expansion in emerging markets.
Key Players
Key players in the market include Abbott Laboratories, Boston Scientific, AngioDynamics, Johnson & Johnson, Medtronic, and other prominent and niche players.
Competitive Analysis
The Global Ablation Devices market is highly fragmented, offering substantial growth opportunities for vendors, particularly in developed regions. High competition is evident due to the presence of large, small, and local vendors. These vendors are actively acquiring smaller companies and expanding their global operations by leveraging their product portfolios. The competitive landscape is expected to intensify further with increased product and service extensions, product innovations, and mergers and acquisitions. Strategic alliances for marketing or manufacturing ablation devices are also common among industry players.
Benefits
This report provides comprehensive insights into the usage and adoption rates of ablation devices for the treatment of various chronic disorders. Key stakeholders can gain knowledge about major trends, drivers, investments, initiatives by industry players, and government efforts to promote the adoption of ablation devices in the coming years. Additionally, the report highlights significant challenges affecting market growth and presents key business opportunities for stakeholders seeking to expand their presence, increase revenue, and make informed investment decisions in this market.
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Key Stakeholders
- Manufacturers
- Healthcare Institutions
- Research and Consulting Firms
- Medical Associations
- Regulatory Bodies
- Investors and Shareholders
Market Dynamics:
Surging air traffic:
- As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability:
- The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability:
- The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization:
- The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation:
- The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems:
- The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology:
- Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation:
- The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets:
- Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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