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Tumor Ablation Market by Technology, Mode of Treatment, Application - Global Forecast 2021

Tumor Ablation Market: Global Forecast

  • October 2016
  • 261 pages
  • ID: 4208325
In this report:
In addition to this, the electrical, light/laser, and ultrasound ablation technologies are also used for cancer treatment In 2016, the radiofrequency ablation (RFA) technology segment is expected to account for the largest share of - ##.##% - of the tumor ablation market The significant market share of RFA technology can primarily be attributed to factors such as ongoing technological developments in the field of RF ablation (such as the development of fluid-cooled and multi-electrode catheters), high adoption rate of ablation techniques for liver cancer treatment among surgeons, and the cost effectiveness of RF ablation products However, during the study period, the microwave ablation technology segment is expected to grow the fastest at a CAGR ##.##% during 2016- 2021 Projected market expansion of microwave ablation technology can largely be attributed to the proven clinical efficiency of this ablation technology in cancer treatment, growing adoption of the microwave tumor ablation procedure among healthcare professionals to treat various cancers, and increasing private funding for novel product development

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The overall tumor ablation market is forecasted to register an important compound annual growth rate (CAGR) of 12.50 percent during 2016-2021, and is anticipated to be valued at ~USD 580.1 million in 2021. Whereas mature sectors (North America continent and EU) held important shares of the tumor ablation market in 2016, the Asia Pacific (APAC) area is expected to register the more important rise during the upcoming five years. A number of Elements such as technological advancements in the field of tumor ablation focused on enhancing effectiveness and safety of the treatment, growing demand of minimal invasive tumor ablation techniques, growing prevalence of cancer across the world, and increasing public-private initiatives and funding to support Research&development activities in tumor ablation are propelling the increase of the market. On the other hand, Elements such as unfavorable regulatory policies and cost-containment measures approved by different governments are selecting the optimal market rise.

On the basis of technology, the overall tumor ablation market is detached into four main categories, that is, radiofrequency ablation, microwave ablation, cryoablation, and others (includes electrical, laser/light, ultrasound). Established on mode of treatment, the tumor ablation market is broken down into surgical mode, laparoscopic mode, and percutaneous mode. On the basis of application type of tumor ablation, the industry is classified into liver cancer, lung cancer, kidney/renal cancer, bone metastasis, and others (includes tumor ablation for the treatment of prostate, breast, colorectal, thyroid, pancreas, neuroendocrine, head, neck, and lumbar-vertebra cancer).

Geographically, North America (NA) is expected to command the biggest share of the overall tumor ablation market in 2016, succeeded by Europe (EU). The high prevalence and incidence of main types of cancer (including liver, lung, kidney, and bone metastasis) in the territory, increasing inclination of patients towards minimally invasive procedures for cancer treatment, and rising government funding for cancer research are sector drivers in North America continent. Nevertheless, unsupportive government policies, limited availability of medical reimbursements in the United States, and cost-containment measures approved by governments in the U.S.A and Canada (CA) are negatively affecting the increase of the tumor ablation market in this area.

The tumor ablation market is fairly competitive, with a big number of overall and local manufacturers of tumor ablation solutions. Medtronic plc, AngioDynamics, Incorporated, and HealthTronics, Incorporated were the most important three market actors in the tumor ablation market in 2015. Recent product launches and products consolidations; acquisitions; geographic extensions; and alliances, strategic agreements, and collaborations are the main strategies approved by most actors to accomplish increase in the tumor ablation market.

Benefit of Buying the Report:

This report studies tumor ablation market established on technologies, modes of treatment, and applications. The report also studies, factors (including drivers, market restraints, possibilities, and opportunities) which positively and negatively affect industry growth. It examines alternatives and opportunities in the sector for partners, and offers details of the competitive landscape for industry top players. Moreover, the market research examines the micromarkets with respect to their individual progress trends, future perspectives, and contributions to the overall industry.

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