Ablation Devices Global Market - Forecast to 2023 - Improving Reimbursement Scenario in Established Markets is a Key Market Driver - Research and Markets

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Mar 29, 2017, 08:45 ET

DUBLIN, Mar 29, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Ablation Devices Global Market - Forecast to 2023" report to their offering.

The ablation device global market is expected to grow at high single digit CAGR to reach $20,995.5 million by 2023.

Ablation is the minimally invasive therapeutic tissue excision procedure used for a wide range of purposes, from cancerous or diseased tissue removal, to the removal of abnormally conducting cardiac tissue in atrial fibrillation and others. The growing adoption of minimally invasive procedures is pushing the researchers to innovate and improvise existing ablation technologies for better patient care.

The ablation device global market by technology is segmented into thermal ablation and non thermal ablation. The thermal ablation technologies are radiation therapy, cryoablation, radiofrequency, laser, ultrasound, microwave, and hydrothermal ablation technology. Among thermal ablation, radiofrequency ablation accounted for the largest share in 2016 and microwave is expected to grow at highest CAGR from 2016-2023. Non thermal technology includes electroporation, mechanical ablation and others (Chemical). Among non thermal ablation technologies, electroporation generated the largest share in 2016, and is expected to grow at a mid single digit CAGR from 2016-2023.

The major factor influencing the growth are increasing number of ablation procedures, rising incidence of cancer, emergence of next-generation ablation products and technologies, growing adoption of minimally invasive procedures, and improving reimbursement scenario in established markets are some of the factors driving the market. However, reuse and reprocessing of devices in developing countries, healthcare cost-containment measures, stringent regulatory guidelines, and challenges in therapeutic procedures are some of the factors hampering the market.

Companies Mentioned

  • Abbott Laboratories
  • Access Point Technologies
  • Accuray
  • Aishen Medical Technologies
  • Alcon Research
  • Alma
  • Alpinion Medical Systems
  • Angiodynamics Inc.
  • Apama Medical
  • Apro Korea
  • Aquilant Medical
  • Arthrex
  • Articure Inc.
  • Avinger
  • Baylis Medical
  • Best Nomos
  • Biolitec AG
  • Biotronik
  • Boston Scientific Corporation
  • Bovie Medical
  • (80+ Others)

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Market Analysis

4 Ablation Device Global Market, by Technology

5 Ablation Device Global Market, by Application

6 Ablation Device Global Market, by End-Users

7 Regional Market Analysis

8 Company Developments

9 Major Player Profiles

For more information about this report visit http://www.researchandmarkets.com/research/krgnqt/ablation_devices

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