What Has Been the Growth of the Ablation Technology Market So Far?
The ablation technology market has seen considerable growth due to a variety of factors.
• The ablation technology market is expected to expand from $5.35 billion in 2024 to $5.84 billion in 2025, showing a CAGR of 9.2%.
Contributing factors include greater awareness among patients and physicians, increased healthcare spending, rising disposable incomes, growing acceptance of radiofrequency ablation (RFA), and better access to ablation procedures.
What Are the Future Growth Projections for the Ablation Technology Market?
The ablation technology market is expected to maintain its strong growth trajectory in upcoming years.
• The ablation technology market is projected to grow to $8.2 billion by 2029, with a CAGR of 8.8%.
Growth is driven by the increasing prevalence of chronic diseases, the demand for minimally invasive procedures, an aging population, more surgical procedures, and government support for healthcare infrastructure. Trends include technological advancements, ablation technology use in treating tumors, improved healthcare access, advantages over traditional surgery, and industry partnerships.
What Are The Core Factors Supporting Growth In The Ablation Technology Market?
The growing demand for minimally invasive treatments is expected to drive the growth of the ablation technology market. Minimally invasive treatments involve small incisions or natural openings, reducing recovery time and improving outcomes. Ablation technology plays a crucial role in such treatments by targeting and destroying abnormal tissue with precision. According to the American Society of Plastic Surgeons in January 2023, there was a 7% increase in minimally invasive cosmetic surgeries from 2022 to 2023. This growing demand for minimally invasive procedures is fueling the growth of the ablation technology market.
What Are The Major Segments Within The Global Ablation Technology Market?
The ablation technology market covered in this report is segmented –
1) By Product: Cryoablation Devices, Electrical Ablators, Hydrothermal Or Hydromechanical Ablators, Laser Or Light Ablators, Microwave Ablators, Radiofrequency Ablators, Ultrasound Ablators, Other Products
2) By Technologies: Thermal Ablation Technology, Non-Thermal Ablation Technology, Other Technologies
3) By Applications: Cardiovascular Disease Treatment, Cancer Treatment, Gynecological Treatment, Cosmetic Or Aesthetic Surgery, Pain Management, Orthopedic Treatment, Urological Treatment, Ophthalmologic Treatment, Other Applications
4) By End Users: Ambulatory Surgical Centers, Hospitals And Ablation Centers, Medical Spas And Aesthetic Clinics, Other End Users
Subsegments:
1) By Cryoablation Devices: Cryoprobes, Cryoablation Catheters
2) By Electrical Ablators: Electrosurgical Units, Electrode Catheters
3) By Hydrothermal Or Hydromechanical Ablators: Steam-Based Ablation Devices, Water-Jet Ablation Devices
4) By Laser Or Light Ablators: Diode Laser Ablation Devices, Fiber-Optic Laser Ablation Systems
5) By Microwave Ablators: Microwave Ablation Catheters, Microwave Generator Systems
6) By Radiofrequency Ablators: RF Ablation Catheters, RF Ablation Generators
7) By Ultrasound Ablators: Focused Ultrasound Ablation Devices, Ultrasound-Guided Ablation Systems
8) By Other Products: Balloon Ablation Systems, Cryoanalgesia Systems
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Which Trends Are Expected To Transform The Ablation Technology Market?
Major companies in the ablation technology market are developing advanced technologies such as thin-film electrode technology to improve treatment precision, reduce procedure times, and enhance patient outcomes. Thin-film electrodes are ultra-thin conductive layers used for precise ablation in cardiac arrhythmias. In March 2024, NeuroOne launched the OneRF Ablation System, which uses thin-film, stereoelectroencephalography (SEEG)-guided radiofrequency technology for accurate tissue ablation. The system offers diagnostic and therapeutic functions using the same electrode.
Who Are the Key Players In The Ablation Technology Market?
Major companies operating in the ablation technology market are:
• Johnson & Johnson
• Abbott Laboratories
• Medtronic Plc.
• Siemens Healthineers AG
• Koninklijke Philips N.V.
• Stryker Corporation
• Boston Scientific Corporation
• Olympus America
• Terumo Corporation
• Smith & Nephew plc
• Hologic Inc.
• Perseon Corporation
• Conmed Corporation
• Accuray Incorporated
• AtriCure Inc.
• AngioDynamics
• Biosense Webster Inc.
• HealthTronics
• Creo Medical Ltd.
• Misonix
• NxThera
• MedWaves Inc.
• Theraclion
What Is The Most Dominant Region In The Ablation Technology Market?
North America was the largest region in the ablation technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ablation technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
