Id: CBI_1773 | Pages: 250 | Format : PDF | Published : | Author : Pawan Chasta | Category : Pharmaceuticals
Tumor Ablation Market size is growing with a CAGR of 9.4% during the forecast period (2024-2031), and the market is projected to be valued at USD 2,271.97 Million by 2031 from USD 1,112.37 Million in 2023.
Tumor ablation is a minimally invasive medical procedure that involves destroying cancerous cells within a tumor. This technique is used to treat tumors in various organs, including the liver, kidney, lung, pancreas, bone, and others. The procedure is performed using various methods, such as radiofrequency ablation (RFA), microwave ablation (MWA), and cryoablation among others. In RFA, high-frequency electrical currents heat and destroy tumor cells. MWA uses microwaves to generate heat, while cryoablation employs extreme cold to freeze and kill tumor cells. These techniques offer several advantages over traditional surgery, including smaller incisions, reduced recovery time, and less pain. As per the tumor ablation market analysis, it is particularly beneficial for patients who are not suitable for surgery or radiation therapy due to their overall health or the location and size of the tumor. The end-users are hospitals and clinics, cancer care centers, and ambulatory surgical centers.
The rising prevalence of various cancers, particularly lung cancer, is a significant driver for the tumor ablation market growth. Lung cancer remains one of the leading causes of cancer-related deaths worldwide, and traditional treatment options like surgery, chemotherapy, and radiation therapy are suitable for all patients. They offer a minimally invasive alternative for treating localized tumors, especially in cases where surgery is not feasible or when the patient's overall health condition limits their ability to tolerate more invasive procedures. As the global burden of cancer continues to increase, the demand for effective and less invasive treatment options is rising.
Thus, the rise in the prevalence of lung cancer is boosting the use of ablation solutions to destroy the tumor, thus driving the tumor ablation market demand.
The development of novel bone tumor ablation solutions is a significant driver for the growth of the tumor ablation market. Bone tumors are the abnormal growth of the tissues present in a bone. Traditional treatment options for bone tumors, such as surgery and radiation therapy, are invasive and have limitations. Novel minimally invasive approaches to treat bone tumors are being introduced, especially in cases where surgery is not feasible or when the tumor is located in a difficult-to-reach area.
These techniques such as radiofrequency ablation (RFA), microwave ablation (MWA), and others effectively destroy tumor tissues while minimizing damage to surrounding healthy tissues. As research and development continue to advance, new and improved ablation technologies are emerging, further expanding the treatment options for bone tumors. Various manufacturers are introducing novel ablation solutions to destroy bone tumors.
Thus, the development of novel ablation solutions for tumors is driving tumor ablation market growth.
Stringent regulatory requirements significantly hinder the tumor ablation market demand. The development and commercialization of new ablation technologies require rigorous clinical trials and regulatory approvals to ensure their safety and efficacy. The complex regulatory landscape, varying across different countries significantly delays the market entry of innovative ablation devices.
Moreover, the stringent quality control standards and manufacturing regulations imposed by regulatory agencies increase the costs associated with product development and commercialization. Furthermore, post-market surveillance and safety monitoring requirements add to the regulatory burden. Companies must continuously monitor the safety and efficacy of their products, which becomes costly and resource-intensive, especially for smaller players. Thus, these factors contribute to the slower adoption of new ablation technologies and hinder the overall growth of the market.
Technological advancements are significantly creating tumor ablation market opportunities for the treatment of tumors. The development of innovative ablation techniques, such as advanced radiofrequency ablation (RFA) with multiple probes, has expanded the treatment options for various types of tumors. These techniques offer minimally invasive approaches with shorter recovery times and fewer side effects compared to traditional surgical procedures. Manufacturers are introducing advanced solutions for the treatment of various tumors.
Overall, as technology continues to evolve, further refinement in ablation techniques leads to improved patient outcomes and increased market demand for ablation devices and procedures.
Based on type, the market is categorized into radiofrequency ablation (RFA), microwave ablation (MWA), cryoablation, percutaneous ethanol ablation (PEI), and others.
Trends in the Type:
The radiofrequency ablation (RFA) segment accounted for the largest tumor ablation market share in 2023.
The cryoablation segment is expected to grow at the fastest CAGR over the forecast period.
Based on applications, the market is categorized into liver cancer, lung cancer, kidney cancer, bone cancer, and others
The liver cancer segment accounted for the largest tumor ablation market share in 2023.
The breast cancer segment is expected to grow at the fastest CAGR over the forecast period.
Based on end users, the market is categorized into hospitals and clinics, cancer care centers, and ambulatory surgical centers.
Trends in the End User:
The hospitals and clinics segment accounted for the largest market share of 54.77% in the year 2023.
The ambulatory surgical center segment 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 38.25% and was valued at USD 425.48 Million and is expected to reach USD 870.16 Million in 2031. In North America, the U.S. accounted for the highest market share of 73.15% during the base year of 2023. Tumor ablation in North America is a well-established and widely practiced minimally invasive procedure. The region has a strong focus on technological advancements and the early adoption of innovative medical techniques. This has led to significant advancements in ablation technologies, such as radiofrequency ablation (RFA), microwave ablation (MWA), and cryoablation, among others. These techniques are increasingly being used to treat a variety of tumors, including those in the liver, kidney, lung, and bone among others. The strong healthcare infrastructure, experienced medical professionals, and supportive regulatory environment in North America have contributed to the widespread adoption and successful implementation of tumor ablation procedures. Various manufacturers are introducing their subsidiaries that provide ablation solutions for tumors in North American countries.
Thus, the advancements in ablation procedures for cancer treatment in the U.S. are influencing tumor ablation market expansion.
The Asia Pacific market for Tumor Ablations is experiencing the fastest growth with a CAGR of 10.4% over the forecast period. Tumor ablation in the Asia Pacific region is a rapidly growing field, driven by increasing cancer incidence rates and advancements in medical technology. Countries like China, India, Japan, and South Korea are at the forefront of adopting minimally invasive techniques, including ablation for tumors. This region offers a significant market opportunity for medical device manufacturers and healthcare providers. The region is witnessing significant advancements in medical technology, including the development of advanced ablation systems and imaging techniques. Additionally, governments in many Asian countries are investing in healthcare infrastructure and promoting the adoption of minimally invasive procedures. Overall, rising disposable incomes and government initiatives are driving increased healthcare expenditure, making advanced treatments more accessible in the Asia Pacific region.
Tumor ablation in Europe is a well-established and widely practiced minimally invasive procedure. European countries have a strong focus on healthcare innovation and early adoption of new medical technologies. The European Union's regulatory framework, particularly the Medical Device Regulation (MDR), plays a crucial role in ensuring the safety and efficacy of ablation devices. Strict regulatory standards have led to the development of high-quality and innovative ablation systems. Additionally, the strong collaboration between healthcare providers, researchers, and industry partners in Europe has facilitated the development and implementation of advanced ablation techniques. As a result, Europe has become a significant player in the global tumor ablation market, contributing to the development and dissemination of innovative treatment options for patients with cancer.
Middle East and Africa have made significant strides in healthcare infrastructure and technological advancements, and the adoption of tumor ablation procedures is still evolving in these regions. The rising prevalence of cancer in these regions is driving the requirement for effective and minimally invasive treatment options. They offer a promising approach for treating various types of cancer, especially in cases where traditional surgery is not feasible. Governments in many Middle Eastern and African countries are investing heavily in healthcare infrastructure and medical technology. This increased investment is leading to the establishment of specialized cancer centers and the availability of advanced ablation techniques. As healthcare awareness increases, patients are becoming more informed about minimally invasive treatment options. This growing awareness is driving the demand for tumor ablation procedures.
The adoption of tumor ablation in Latin America is still emerging compared to regions such as North America and Europe. The increasing prevalence of cancer and the growing awareness of minimally invasive treatment options are driving the demand for ablation procedures for tumors. As healthcare spending increases, more resources are being allocated to advanced medical technologies, including tumor ablation. Growing awareness among healthcare providers and patients about the benefits of minimally invasive procedures is driving demand. The development of advanced ablation technologies, such as radiofrequency ablation and microwave ablation, is making these procedures more accessible and effective. Thus, as the Latin American market for tumor ablation is developing, it holds significant potential for growth in the coming years.
The tumor ablation market is highly competitive with major players providing precise treatment to the national and international markets. Key players are adopting several strategies in research and development (R&D) and product innovation to hold a strong position in the global tumor ablation market. Key players in the tumor ablation industry include-
Partnerships:
Product Approvals:
Report Attributes | Report Details |
Study Timeline | 2018-2031 |
Market Size in 2031 | USD 2,271.97 Million |
CAGR (2024-2031) | 9.4% |
By Type |
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By Application |
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By End-User |
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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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In 2023, the tumor ablation market is USD 1,112.37 Million.
Asia Pacific is the fastest-growing region in the tumor ablation market.
Type, application, and end-user segmentation details are covered in the tumor ablation market.
Medtronic (United States), AngioDynamic (United States), BVM Medical (United Kingdom), Merit Medical Systems (United States), Stryker (United States), Olympus (Japan), Johnson & Johnson MedTech (United States), Varian (United States), IceCure Medical (Israel) and Boston Scientific Corporation (United States).