Id: CBI_1625 | Pages: 303 | Format : PDF | Published : | Author : Pawan Chasta | Category : Medical Devices
Ablation Devices Market size is estimated to reach over USD 18,418.79 Million by 2031 from a value of USD 9,058.00 Million in 2023, growing at a CAGR of 9.4% from 2024 to 2031.
An ablation device is a medical device that uses various forms of energy such as radiofrequency, microwaves, and others to destroy tissue. These devices are used in ablation procedures in order to destroy abnormal tissue that is present in many conditions like atrial fibrillation, and tumors, among others. Laser ablation which is used to treat skin discolorations or lesions is one of the examples of ablation. There are different types of ablation devices available such as Radiofrequency Ablation, Cryoablation, Pulsed-field Ablation, and Microwave Ablation, among others. Benefits of this ablation device include fast recovery, immediate pain relief, efficiency, and others.
Devices for ablation are minimally invasive devices used for treating atrial fibrillation. These devices are made up of different parts such as a generator unit, catheter, grounding pad, and connection cables. Radiofrequency ablation is one such type of ablation device that uses thermal energy to destroy small areas of tissue that are causing abnormal heartbeat in atrial fibrillation. While pulsed field devices use electrical pulses to cause nonthermal irreversible delivery of rapid, high-voltage pulsed electrical fields to tissue and induce cardiac cell death.
Thus, devices for ablation are proven to be effective for both clinical as well as patient outcomes which is driving the ablation devices industry and ablation devices market growth.
The aging population is a major driver for the ablation devices market because as people age, they have a higher risk of complications from traditional surgical procedures due to age-related health issues. Ablation devices which offer minimally invasive treatment options, become particularly valuable for this demographic. The catheter Ablation is equipped with an electrode at its tip and inserted into the body with the help of an X-ray. It is proven to be a safer and more effective treatment in people aged more than 80 years for atrial fibrillation.
In conclusion, as the global population continues to age, minimally invasive devices like ablation devices are growing significantly.
Ablation devices are used in procedures, such as endometrial ablation, tumor ablation, pain management, and others. These devices are subject to stringent regulatory standards to ensure patient safety and efficacy. Government bodies like the European Union, classify medical devices into different classes, and according to that the manufacturers should adhere to rules and regulations.
Also for devices of ablation, the manufacturer must prepare a periodic safety update report for each device, and, where relevant, for each category or group of devices that should be updated annually.
These rules and regulations restrict market growth by increasing the time and expense needed to bring new devices to market.
Ablation devices are used for tumor ablation which is defined as the direct application of chemical or thermal therapies to a tumor to destroy and eradicate tumor to obtain cellular necrosis either by thermal or freezing techniques. It includes radiofrequency ablation and microwave ablation which utilize thermocoagulation energy and microwave energy, respectively, to create a complete necrosis zone encircling the lesion in the liver tumor.
Thus, the growing inclination towards ablation in liver tumors presents significant ablation devices market opportunities due to the rising prevalence of liver cancer.
The image-guided ablation includes integrating advanced imaging technologies such as Magnetic Resonance Imaging, Computer Tomography, and ultrasound in the ablation system. This image-guided ablation is equivalent to surgery to treat patients with early-stage non-small cell lung cancer or oligometastatic lung disease. Modalities available include radiofrequency ablation, microwave ablation, and cryoablation.
Thus, image-guided ablation helps to provide safer treatments, effectively further strengthening the ablation devices market expansion.
Based on the product type, the ablation devices market is divided into radiofrequency ablation, cryoablation, pulsed-field ablation, microwave ablation, and others.
Trends in Product Type:
Radiofrequency Ablation accounted for the largest revenue share of 38.21% in the year 2023.
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The Pulsed-Field Ablation in the product type is expected to grow at the fastest CAGR over the forecast period.
Based on the application, the ablation devices market is divided into Cardiology, Oncology, Orthopedics, Pain Management, and others.
Trends in Application:
Cardiology accounts for the largest market share of the Ablation Devices Market by application.
The Oncology in the application is expected to grow at the fastest CAGR over the forecast period.
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2023, North America accounted for the highest market share at 37.23% and was valued at USD 3,372.29 Million, and is expected to reach USD 6,995.46 Million in 2031. In North America, the U.S. accounted for the highest market share of 68.35% during the base year of 2023. North America holds a significant part in the global ablation device market driven by the high prevalence of cardiovascular diseases, cancer, and other chronic conditions that benefit from minimally invasive treatments. The advanced healthcare infrastructure, rising healthcare expenditure, and adoption of innovative technologies in the U.S. and Canada contribute to the region's expansion in ablation therapy.
Thus, according to the ablation devices market analysis, North America is expected to dominate the global ablation device market supported by advanced healthcare infrastructure, government support, and rising use in healthcare procedures.
Asia-Pacific is expected to witness the fastest CAGR over the forecast period of 10.1% during 2024-2031. The Asia-Pacific region is experiencing rapid growth in the ablation devices market due to rising healthcare needs, particularly in populous countries like China, India, and Japan. Additionally, governments in Asia-Pacific are investing heavily in expanding healthcare infrastructure with improvements in access to healthcare services and rising healthcare spending.
Therefore, analysis shows that the Asia-Pacific region is expected to grow faster, capitalizing on both demand and infrastructural advancements in the ablation devices market.
The European region's demand for ablation tools is experiencing significant growth driven by advancements in technology, a high incidence of cancer and cardiovascular diseases, and increasing investment in healthcare infrastructure. Key factors include a growing geriatric population, favorable reimbursement policies, and robust healthcare infrastructure in many parts of the region. Countries like Germany, France, and the United Kingdom are major contributors to market growth due to strong healthcare systems and ongoing technological advancements. The region is witnessing a surge in demand for radiofrequency and microwave ablation, particularly for oncology and cardiology applications. Additionally, ongoing research and development and the presence of major medical device manufacturers further boost market expansion.
The ablation devices market in the Middle East and Africa is at a nascent stage. The market is steadily growing, fueled by an increasing prevalence of chronic diseases such as cancer and cardiovascular disorders, coupled with rising awareness about minimally invasive treatments. In the Middle East, affluent countries like Saudi Arabia and the UAE are leading the market due to improved healthcare infrastructure, and growing investments in advanced healthcare technologies, while Africa is gradually improving healthcare access and infrastructure. Despite this demand for the market is expected to rise, economic disparities and limited healthcare facilities in some parts of the region continue to restrict the market
In Latin America, the ablation devices market demand is emerging with steady growth potential. While healthcare infrastructure varies across the region, improving economics, rising investment in healthcare, and increasing awareness of minimally invasive techniques drive market adoption in countries like Brazil and Mexico. The demand for minimally invasive techniques, including cardiac ablation for cardiac arrhythmia, and tumor ablation for oncology is contributing to the market expansion. Additionally, advancements in ablation technologies such as the introduction of pulsed fields and cryoblation devices are further boosting the market. The healthcare sector in this region is expected to see continued investment in ablation technologies, driven by the need for effective, less invasive treatment options.
The ablation devices market is highly competitive with major players providing products and services to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the global ablation devices market. Key players in the ablation devices industry include -
Approvals and Patents:
Investments and Fundings:
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 18,418.79 Million |
CAGR (2024-2031) | 9.4% |
By Product Type |
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By Application |
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By Region |
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Key Players |
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North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
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Ablation Devices Market size is estimated to reach over USD 18,418.79 Million by 2031 from a value of USD 9,058.00 Million in 2023, growing at a CAGR of 9.4% from 2024 to 2031.
The Ablation Devices Market report includes specific segmentation details for product type and application
Asia Pacific is the fastest-growing region in the Ablation Devices Market
The key participants in the Ablation Devices market are Abbott (United States), Boston Scientific Corporation (United States), Johnson & Johnson Services Inc. (United States), Varian Medical Systems Inc. (United States), Biotronik (Germany), Medtronic (United States), AngioDynamics (United States), EDAT TMS (France), Hologic Inc (United States), Avanos Medica Inc (United States)