The Growing Need For Tumor Ablation Couples With Technological Advancement Stress Growth Of The Global Tumor Ablation Market Significantly

Author : Acumen Research and Consulting

The global tumor ablation market is segmented into technology, treatment, application and region. The segmentation based on technology, the global tumor ablation market is bifurcated into radio frequency, microwave, and cryoablation. In terms of the basis of treatment, the global tumor ablation market is divided into surgical, laparoscopic and percutaneous. While talking about the application basis of segmentation of the global tumor ablation market is further classified into liver cancer, breast cancer, lung cancer, prostate cancer, and other cancer. On the basis of region the global tumor ablation market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.

The main driver of the growth of the global tumor ablation market is the rising occurrence of Cancer. According to World Health Organization (WHO)’s published data, around 13.0% of the global populace is affected by cancer. Also, a 70.0% increase is anticipated in the disease occurrence during the forthcoming years.

The market is being pushed towards development owing to the requirement of more than 100 cancer types for tumor ablation. Along with this technological progressions in the field of thermal ablation technologies and rising geriatric populace is also probable to improvement market development. According to estimates, this market is anticipated to grow with 12.1% CAGR, reaching around USD 3.2 billion by the end of the forecast period in 2026.

Here are some more points to help explain about the global tumor ablation market:

  • Irreversible electroporation, laser ablation, and (HIFU), High Intensity Focused Ultrasound are also attaining popularity, which, in turn, is supportive the tumor ablation market.
  • With 34.6% market share, North America secured the major share of the global tumor ablation market in 2018. It is expected to maintain its dominance in the forecast period, owing to the development of this region comprise government support for high purchasing power parity, quality healthcare, availability of reimbursement, and growing occurrence of cancers in Canada and U.S.
  • Greater extent of public funding in Europe’s healthcare system has backed to this development which helped it acquire 24.5% of the global market share in the forecast period.
  • Asia Pacific is also expected to exhibit profitable development in the forecast period.
  • The key players operating in this market include Misonix, Inc.,Covidien PLC,Boston Scientific Corporation,Angiodynamics, HealthTronics, EDAP TMS S.A.,SonaCare Medical,Galil Medical, Inc.,Medtronic Plc.,and Neuwave Medical, Inc.

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