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

ed 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 rece
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