North America Ablation Devices Market, By Technology (Thermal Ablation, Non-Thermal Ablation), Function (Automated/Robotic, Conventional), Procedure (Aesthetics-Skin Rejuvenation and Tightening, Aesthetics-Body Sculpting, Fat Reduction, And The Reduction in The Appearance of Cellulite, Benign Prostatic Hyperplasia, Transurethral Needle Ablation, Laser and Other Energy-Based Therapies/Holmium Laser Ablation/Enucleation Of The Prostate, Stress Urinary Incontinence, Menorrhagia/Endometrial Ablation, Uterine Fibroids, Spinal Decompression and Denervation, Varicose Veins, Atrial Fibrillation, Tumor Ablation, Others), Application (Cancer, Cardiovascular, Ophthalmology, Gynecology, Urology, Orthopedics, Others), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2029.
Market Analysis and Insights: North America Ablation Devices Market
North America ablation devices market is expected to witness market growth at a rate of 10.55% in the forecast period of 2022 to 2029, and is estimated to reach the value of USD 4.18 billion by 2028. Data Bridge Market Research report on North America ablation devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of ablation devices market.
Ablation devices refer to the minimally invasive (MI) medical instruments that are widely used for the removal, or excision, or abnormal body tissues under therapeutic purposes. Temperature-controlled, robotic catheter manipulation, laser ablators, and spray probes and balloon ablation devices, among others are some of the commonly used ablation devices. These instruments operate using laser, cryoablation, radiofrequency (RF), ultrasound, microwave and hydrothermal technologies.
The technological advancements in the healthcare sector across the region acts as one of the major factors driving the growth of ablation devices market. The rise in the inclination towards minimally invasive procedures over traditional treatment procedures owing to the advantages offered by these procedures including reduced post-operative care, shorter hospitalization, lower risk of infection, less pain, smaller and more cosmetic incisions, and quicker recovery accelerate the market growth. The increase in the prevalence of life-threatening diseases, such as cancer, atrial fibrillation and chronic venous insufficiency (CVI), and development of non-thermal, non-tumescent and non-sclerosant endovenous ablation devices for the effective treatment of superficial vein reflux further influence the market. Additionally, growth in awareness about the benefits of minimally invasive procedures, technological advancements in the medical devices, surge in healthcare expenditure and improvements in the medical industry positively affects the ablation devices market. Furthermore, development of next-generation ablation devices with robotic navigation systems extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, availability of effective conventional first-level therapies for the treatment and high cost associated with the treatment are expected to obstruct the market growth. Limited reimbursement and stringent regulations are projected to challenge the ablation devices market in the forecast period of 2022-2029.
This ablation devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ablation devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Ablation Devices Market Scope and Market Size
The ablation devices market is segmented on the basis of technology, function, procedure and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of technology, the ablation devices market is segmented into thermal ablation, non-thermal ablation. The thermal ablation is further segmented into electrical, radiation, radiofrequency, light, ultrasound, microwave, hydrothermal. Subsequently Electrical Ablation is further categorized into electrical ablators, argon plasma/beam coagulator, irreversible electroporation and electronic brachytherapy. Radiation are further categorized into brachytherapy, stereotactic radiotherapy & radiosurgery, stereotactic body radiation, image guided radiation therapy, intensity modulated radiation therapy, proton beam therapy and brachytherapy, high-dose-rate brachytherapy, pulsed-dose-rate brachytherapy, permanent seed brachytherapy. Radiofrequency are further categorized into temperature controlled, fluid cooled, catheter manipulation system. Light are further categorized into cold lasers, excimer lasers. Ultrasounds are further categorized into high intensity focused ultrasound (HIFU), magnetic resonance imaging-guided focused ultrasound (MRI-FUS), ultrasonic surgical systems, shock wave lithotripsy. And non-thermal ablation is further segmented into cryoablation and hydromechanical ablation. Cryoablation is further segmented into tissue contact probe, cryogen spray probe, epidermal and subcutaneous cryoablation devices.
- On the basis of function, the ablation devices market is segmented into automated/robotic and conventional ablation devices.
- On the basis of application, the ablation devices market is segmented into aesthetics-skin rejuvenation and tightening, aesthetics-body sculpting, fat reduction, and the reduction in the appearance of cellulite, benign prostatic hyperplasia, transurethral needle ablation, laser and other energy-based therapies/holmium laser ablation/enucleation of the prostate, stress urinary incontinence, menorrhagia/endometrial ablation, uterine fibroids, spinal decompression and denervation, varicose veins, atrial fibrillation, tumor ablation, others.
- On the basis of procedure, the ablation devices market is segmented into cancer, cardiovascular, ophthalmology, gynecology, urology, orthopedics, and others.
North America Ablation Devices Market Country Level Analysis
The kyphoplasty market is analyzed and market size insights and trends are provided by country, product type, application and end user as referenced above.
The countries covered in the North America ablation devices market report are U.S., Canada and Mexico in North America.
U.S. dominates the North America ablation devices market due to the prevalence of neurological disorder within the region. Canada is projected to witness high growth during the forecast period of 2022 to 2029 because of the adoption of surgeries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
North America ablation devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for North America ablation devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the North America ablation devices market. The data is available for historic period 2010-2020.
Competitive Landscape and North America Ablation Devices Market Share Analysis
The ablation devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ablation devices market.
Some of the major players operating in the ablation devices market report are Varian Medical Systems, Inc., Elekta AB, Medtronic, Boston Scientific Corporation, Bausch & Lomb Incorporated, Medical Devices Business Services, Inc, Olympus Corporation, Abbott, Alcon, AngioDynamics, and CONMED Corporation., among others.
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