Tumor Ablation Market Size, Share, Trends, Growth, Analysis, Global Forecast Report 2023-2028
The latest report by IMARC Group, titled “Tumor Ablation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global tumor ablation market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global tumor ablation market size reached US$ 1,050 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,110 Million by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.
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Tumor ablation is a minimally invasive medical procedure that destroys cancerous cells within a tumor. This technique is often used as a substitute for surgery or radiation therapy, especially for patients not good candidates for these traditional treatment methods. During tumor ablation, a needle or probe is inserted into the tumor using imaging guidance such as ultrasound, CT scan, or MRI. The needle or probe is then used to deliver heat, cold, or other forms of energy to the tumor, pushing it to shrink or die. There are several types of tumor ablation techniques, including radiofrequency ablation (RFA), microwave ablation (MWA), cryoablation, and high-intensity focused ultrasound (HIFU). Tumor ablation is a relatively safe and effective treatment option for certain types of cancer, including liver, lung, kidney, and bone tumors. It is typically performed outpatient, with minimal pain and discomfort.
The global market is majorly driven by the increasing prevalence of cancer. In line with this, the rising preference for minimally invasive procedures is significantly contributing to the market. Furthermore, the growing adoption of laparoscopic procedures is positively influencing the market. Apart from this, the advances in imaging technology, such as MRI and CT scans, are offering numerous opportunities for the market. Moreover, tumor ablation has fewer side effects and complications than traditional treatments such as surgery and radiation therapy. This, in turn, is accelerating its demand worldwide.
Besides, the expanding elderly population and the escalating healthcare spending in developed and developing countries are strengthening the demand for advanced cancer treatments such as tumor ablation. Additionally, the increasing demand for non-surgical cancer treatments and the rising awareness about the benefits of tumor ablation are providing a boost to the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
- Medtronic
- AngioDynamics Inc.
- HealthTronics Inc.
- NeuWave Medical
- INTIO Inc.
- Galil Medical Ltd.
- Boston Scientific
- Sonacare Medical
- EDAP TMS S.A.
- ERBE Elektromedizin GmbH
- IceCure Medical Ltd.
- MISONIX Inc
- Endocare Inc.
- CooperSurgical Inc.
- B V M Meditech Pvt
Key Market Segmentation:
Breakup by Technology:
- Radiofrequency (RF) Ablation
- Microwave Ablation
- Cryoablation
- Others
Breakup by Mode of Treatment:
- Percutaneous Ablation
- Laparoscopic Ablation
- Surgical Ablation
Breakup by Mode of Application:
- Liver Cancer
- Lung Cancer
- Kidney Cancer
- Bone Metastasis
- Others
Breakup by End-User:
- Hospitals
- Cancer Specialty Clinics
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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