Navigation Links
Ablation Technologies Market Expected to Reach USD 10.6 Billion Globally in 2020: Transparency Market Research
Date:8/7/2014

ALBANY, New York, August 7, 2014 /PRNewswire/ --


According to a new market report published by Transparency Market Research "Ablation Technologies Market (Applications: Cardiovascular, Gynecology, Pain Management, Oncology, Urology, Ophthalmology; Technologies: Radiofrequency, Light/Laser, Electrical, Ultrasound, Microwave, Cryotherapy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020," the global ablation technologies market was valued at USD 4,698 million in 2013 and is estimated to reach a market worth USD 10,611 million in 2020 at a CAGR of 12.1% from 2014 to 2020.

Browse the full Ablation Technologies Market Report at http://www.transparencymarketresearch.com/ablation-technologies-market.html

Ablation refers to a minimally invasive surgical procedure that involves destruction or removal of abnormal tissues which are responsible for life-threatening conditions such as atrial fibrillation, cancer and others. Ablation procedures are gaining lot of acceptance owing to low risk of acquiring infection, minimal blood loss, reduced hospital stay and ease of handling the devices. According to the World Health Organization, approximately 17 million people die each year because of cardiovascular diseases of which atrial fibrillation (AF) is the major heart rhythm disorder. The prevalence of atrial fibrillation increases with age affecting approximately 1 out of 20 people over 65 years of age. In addition, the World Health Organization (WHO) states that in 2012, more than 14 million people all over the world have newly developed different types of cancer; almost 32 million people are living with various cancers and moreover more than 8 million deaths are reported due to cancer across the world. With the consistent rise in cancer and cardiovascular patient demand for ablation devices is expected to grow significantly in forthcoming years.

The global market for ablation technologies has been studied by two perspectives namely application type and technologies type. The application segment is sub-segmented into major categories namely cardiovascular, gynecology, pain management, oncology, urology, ophthalmology among others. Whereas, the market by technologies is sub-categorized into radiofrequency, light/laser, electrical, ultrasound, microwave, cryotherapy and other similar techniques. Each of the ablation technology segments is further classified into catheters and generators. By 2020, radiofrequency ablation technology market is likely to lead the market in terms of revenue which is estimated to reach approximately 4.2 billion worldwide. Oncology segment is expected to be the fastest growing application market by 2020 with a CAGR of 13.1% by 2020.

Major drivers to the global ablation technologies market include rising demand for minimally invasive surgical techniques, rising base of baby boomers clubbed with chronic diseases such as cancer, cardiovascular disorders, gynecological, varicose veins and orthopedic problems are boosting the overall ablation technologies market. Increasing adoption of ablation technologies in cosmetological such as, psoriasis and ablation of adipose tissue for treating obesity is another emerging segment. However, the high cost involved in treatment, low healthcare penetration, economic slowdown and unstable reimbursement policies restrict the growth of this market to some extent.

Applications such as real time contact force sensing in catheter ablation technology and renal denervation are an upcoming trend in the global ablation technologies market. Technological innovations in ablation devices leading to an extensive series of product launches in past decade with better safety and efficacy has contributed effectively in adoption of ablation procedures by physicians across globe.

Some of the recent activities in the global ablation technologies market include acquisition of Switzerland based cardiac ablation catheter system manufacturer Endosense, SA by St. Jude Medical in August 2013. Apart from this, scientists at CBSET a not-for-profit preclinical research institute will present pre-clinical trial data of SYMPLICITY HTN-3, funded by Medtronic, Inc. at EuroPCR 2014 - an official congress of the European Association of Percutaneous Cardiovascular Interventions EAPCI. This data would bring forward efficacy of renal denervation devices over challenges associated with treatment protocol associated with renal denervation devices. Covidien in April 2014 received FDA approval for Emprint Ablation System with Thermosphere Technology for liver tumor ablation. Covidien is expected to launch this product in the European Union as well in the United States by the end of the second quarter or at the onset of third quarter of 2014.

Related & Recently Published Reports by Transparency Market Research 

At the regional level, North America accounted for the largest market share in the year 2013 followed by Europe. This is mainly due to suitable reimbursement scenario and technological advancements which has led to the broader acceptance of the devices. Awareness and better healthcare infrastructure have also contributed towards growth of the market. During the forecasted period, the Asia-pacific market is expected to be the fasted growing market. Some of the prominent drivers for this market include increase in disposable income, government intervention to reform healthcare facilities and infrastructure developments. Growing trend for medical tourism in this region also uplifts the market for ablation technologies.

Some of the major players in the ablation technologies market include St. Jude Medical, Inc., Biosense Webster Inc., Medtronic, Inc., Covidien PLC, BSD Medical Corporation, Angiodynamics, Inc., and Boston Scientific Corp among other prominent players in the market.

The global ablation technologies market is segmented as follows:

  • Ablation Technologies Market, by Application 

    Cardiovascular

    Gynecology

    Pain Management

    Oncology

    Urology

    Ophthalmology

    Others

  • Ablation Technologies Market, by Technologies  

    Radiofrequency

  • Ablation Technologies Market, by Geography 

    North America

    Europe

    Asia-Pacific

    Rest of the World

Browse All Medical Devices Market Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

About Us  

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Company Blog: http://www.tmrblog.com/
Blog: http://transparencymarketresearch.areavoices.com/
Browse All PR: http://www.transparencymarketresearch.com/press-releases.htm
Browse All Articles: http://www.transparencymarketresearch.com/articles.htm

Browse Press Release of Ablation Technologies Market at @ http://www.transparencymarketresearch.com/ablation-technologies-market.html



'/>"/>
SOURCE http://www.transparencymarketresearch.com/
Copyright©2014 PR Newswire.
All rights reserved

Related medicine technology :

1. Global Ablation Technologies Market worth $12.4 Billion by 2016: MarketsandMarkets
2. Global Ablation Technologies Market (2011-2016) - By Application and Devices in Radiofrequency, Cryoablation, Microwave, Ultrasound, Hydrothermal, Radiation, Electrical, Light/Laser and Hydromechanical - Global Trends & Competitive Analysis
3. Ablation Devices Market to 2016 - (Radiofrequency, Cryoablation, Microwave, Ultrasound, Hydrothermal, Radiation, Cardiac, Cancer and Gynecology) - Global Market Forecast and Trends Analysis by Technology, Devices & Applications
4. MedWaves Inc.s Microwave Ablation Proves Effective in Destroying Thyroid Nodules in German Hospital Patient
5. GLP Preclinical Studies Demonstrate nContact Ablation Lesions Are Complete and Transmural
6. Radiofrequency Ablation Devices Market for Pain Management is Expected to Reach USD 1.0 Billion Globally in 2018: Transparency Market Research
7. SonaCare Medical Partners with University College London to Create Center of Excellence for HIFU Surgical Ablation Technology
8. Use Of Cryoablation For Treatment Of Breast Cancer Shows Promising Results
9. Pain Management Devices Market (Electrical Stimulators, Radiofrequency Ablation, Analgesic Pumps, Neurostimulation Devices) Is Expected to Reach USD 5.0 Billion Globally in 2018: Transparency Market Research
10. EPGL Medical Invents Smart Epidural Needle, Nerve Ablation And Trigger Point Treatment Devices
11. Competitive Activity In The Electrophysiology Mapping And Ablation Device Market Will Be Fueled By The Growing Focus On Atrial Fibrillation Treatment
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/4/2016)... 4, 2016 Wegener Polyangiitis - Pipeline ... Direct,s, ,Wegener Polyangiitis - Pipeline Review, H2 2015, ... pipeline. This report provides comprehensive information on ... comparative analysis at various stages, therapeutics assessment by ... administration (RoA) and molecule type, along with latest ...
(Date:2/4/2016)... 4, 2016 Summary Breast cancer, a ... the most common cancer in women worldwide, accounting for ... prevalent. The number of women diagnosed with breast cancer ... number of deaths has declined due to earlier diagnosis ... been revolutionized in the past four decades, especially with ...
(Date:2/4/2016)... LONDON , Feb. 4, 2016 ... Identifying and Commercializing First-in-Class Innovation ... disorder associated with chronic inflammation of the airways ... of COPD symptoms make the disease one of ... cause of death in the world. COPD is ...
Breaking Medicine Technology:
(Date:2/5/2016)... ... February 05, 2016 , ... Pivot Point Consulting, a ... KLAS: Software & Services for HIT Implementation Support & Staffing report with an ... vendor performance by healthcare executives, managers and clinicians representing over 4,500 hospitals and ...
(Date:2/5/2016)... ... 2016 , ... Dr. Justin Scott and Dr. Lydia Muccioli of Pure ... to individuals in need. The event is scheduled to take place on February 27, ... to provide dental care to community members in need. Each patient will be given ...
(Date:2/5/2016)... ... 05, 2016 , ... Dr. Ben Amini, a San ... welcoming orthodontist, Dr. Amanda Cheng, to the practice. With the addition of services ... including general dentistry, cosmetic treatments, periodontics, implant dentistry , endodontics, orthodontics and ...
(Date:2/5/2016)... ... February 05, 2016 , ... In sleep, when the defenses of the day ... feature of patients with eating disorders is significant self-criticism, and consequently these patients experience ... are regarded as maladaptive means for coping with this unease, but also leads to ...
(Date:2/5/2016)... , ... February 05, 2016 , ... ... practical mobile kitchens, recently announced the debut of their latest mobile kitchen model, ... Kitchens provides organizations with modern, high-volume commercial kitchens for use anywhere in the ...
Breaking Medicine News(10 mins):