Ablation Technology Market Share and Size, 2020: Hexa Research

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Ablation Technology Market Share, Size, Trends, Growth, Industry
Analysis and Forecast to 2020 | Hexa Research
" The rising prevalence of chronic diseases such as
cancer coupled with the increasing demand of
minimally invasive procedures for the diagnosis of
these diseases are the major factors driving the
global ablation technology market."
The global Ablation Technology Market is primarily driven by high incidence of chronic illnesses, such as
cancer. Rising cancer cases fuel the need for minimally invasive procedures for diagnostics purposes. Surgical
removal of body tissues is carried out by minimally invasive procedures. These procedures employ ablation
technologies. Besides being economical, ablation technologies ensure quick recovery and cause lesser damage
to body tissues. They also ensure lower risks of infection.
Favorable government initiatives and a rapidly growing geriatric population are factors that positively impact
demand. Owing to high success rates in diagnosis of chronic illnesses and minimal risks, developing economies,
such as Brazil, India, Russia, and China are gradually adopting ablation technologies. It is anticipated that
popularity of minimally invasive procedures and surging per capita expenditure on healthcare may propel the
ablation technology market during the forecast period (2012 to 2020).
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The worldwide industry is segmented on the basis of technologies, applications, and regions. Based on
technologies, the Ablation Technology Market is divided into radiofrequency, ultrasound, electrical, and
radiation. Due to widespread scope in cancer diagnosis, radiation technology led the global market in 2013.
Other factors that may positively impact this segment in the forthcoming years are availability of different types
of radiation devices and high incidence of cancer. The segment for electrical ablation may expand robustly over
the forecast period. This attributes to rising prevalence of cardiovascular disorders, such as atrial fibrillation.
Ablation technologies are predominantly applied in orthopedics, ophthalmology, cardiovascular procedures,
and in cancer. Use of ablation technologies in cancer diagnosis generated the highest revenues in 2013.
Growing awareness about the popularity of ablation technology in cancer treatment is projected to fuel overall
market demand. Cardiovascular applications are expected to increase considerably over the forecast period.
Geographically, the global ablation technology market is fragmented into Europe, Asia Pacific, North America,
and Rest of the World. North America held highest shares in the overall industry back in 2013. Awareness about
ablation technologies and large number of people suffering from chronic diseases are key regional drivers.
Ongoing industry trends suggest that Asia Pacific may expand remarkably in the years to come. The region is
essentially propelled by surging healthcare expenditure and application of ablation technologies in diagnostics
solutions. Growing preference for ablation over surgeries and substantial government spending on ablation
technology could further contribute to regional demand.
Key companies operating the worldwide market are Boston Scientific Corporation, Olympus Corporation,
AngioDynamics Inc., Medtronic Inc., and AtriCulture Inc. among others. Most industry participants focus greatly
on innovations that aim at enhancing accuracy & efficiency of test results. Researchers have developed a
cryoablation system that can attain much cooler temperatures than most conventional cryoablation
technologies.
The new system can effectively create transmural ventricular lesions from the epicardium as well as the
endocardium. It may prove beneficial for catheter-based & surgical ventricular tachycardia ablations in humans.
This cryoablation technology utilizes liquid nitrogen and achieves temperatures as low as minus 160 degrees
Celsius. This IceSense cryoablation system helps debulk tumors in lungs, kidneys, liver, and breast. It comprises
a freezing element and a rigid probe that has a sharp needle tip.
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Table of Content of Ablation Technology Market
Table of Contents
Chapter 1 Executive Summary
1.1 Ablation Technology - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Ablation Technology Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Ablation Technology Value Chain Analysis
2.4 Ablation Technology Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Technological advancement
2.4.1.2 Increasing procedures through minimal invasive surgery
2.4.1.3 Increasing aging population with higher risk of chronic diseases
2.4.2 Market restraint analysis
2.4.2.1 High cost
2.4.2.2 Increasing regulatory agencies pressures
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Ablation Technology - Company Market Share Analysis
2.8 Ablation Technology - PESTEL Analysis
Chapter 3 Ablation Technology Outlook
3.1 Electrical
3.1.1. Global Ablation Technology demand from electrical technology, 2012 - 2020, (USD Million)
3.2 Ultrasound
3.2.1 Global Ablation Technology demand from ultrasound technology, 2012 - 2020, (USD Million)
3.3 Radiation
3.3.1 Global Ablation Technology demand from radiation technology, 2012 - 2020, (USD Million)
3.4 Radiofrequency
3.4.1 Global Ablation Technology demand from radiofrequency technology, 2012 - 2020, (USD Million)
Chapter 4 Ablation Technology Application Outlook
4.1 Cancer
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4.1.1. Global Ablation Technology demand from cancer applications, 2012 - 2020, (USD Million)
4.2 Cardiovascular
4.2.1 Global Ablation Technology demand from cardiovascular applications, 2012 - 2020, (USD Million)
4.3 Ophthalmology
4.3.1 Global Ablation Technology demand from ophthalmology applications, 2012 - 2020, (USD Million)
4.4 Orthopaedics
4.4.1 Global Ablation Technology demand from orthopaedics applications, 2012 - 2020, (USD Million)
Chapter 5 Ablation Technology Regional Outlook
5.1 North America
5.1.1 North America Ablation Technology market USD million by technology, 2012 - 2020 (USD Million)
5.1.2 North America Ablation Technology market USD million by application, 2012 - 2020, (USD Million)
5.2 Europe
5.2.1 Europe Ablation Technology market USD million by technology, 2012 - 2020 (USD Million)
5.2.2 Europe Ablation Technology market USD million by application, 2012 - 2020, (USD Million)
5.3 Asia Pacific
5.3.1 Asia Pacific Ablation Technology market USD million by technology, 2012 - 2020 (USD Million)
5.3.2 Asia Pacific Ablation Technology market USD million by application, 2012 - 2020 (USD Million)
5.4 RoW
5.4.1 RoW Ablation Technology market USD million by technology, 2012- 2020, (USD Million)
5.4.2 RoW Ablation Technology market USD million by application, 2012- 2020. (USD Million)
Chapter 6 Competitive landscape
6.1 Arthocare Corporation
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 Accuray
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Biosense Webster
6.3.1 Company Overview
6.3.2 Financial Performance
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6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 Smith & Nephew
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 Varian Medical Systems
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
6.6 Olympus Corporation
6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Product Benchmarking
6.6.4 Strategic Initiatives
Chapter 7 Methodology & Scope
7.1 Research Methodology
7.2 Research Scope & Assumptions
7.3 List of Data Sources
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