Ablation Technology Market - Global Industry, Size, Share, Growth And Analysis From 2012 To 2020: Hexa Research
The ablation technology helps to execute minimally invasive procedures which entail the surgical removal of body tissues. The lower risk of infection, cost effectiveness, quick recovery and the lower risk of damage to tissues are the key factors propelling the global ablation technology market. Various newly emerging economies in the market such as China, India, Brazil and Russia are adopting ablation procedures owing to its lower risk and high success rates for diagnosis of chronic diseases. The rising per capita expenditure on healthcare and constantly rising demand for minimally invasive procedures are the factors expected to further fuel the ablation technology market over the forecast period.
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The global ablation technology market on the basis of technology is segmented into ultrasound, electrical, radiofrequency and radiation. As of 2013, the radiation technology dominated the entire ablation technology market owing to its applicability in the diagnosis of cancer. Rising prevalence of cancer and availability of several radiation devices in the market are also the factors fueling the radiation technology market. Owing to the increasing incidences of cardiovascular diseases such as atrial fibrillation, and increasing usage of electrical ablation for the treatment of these diseases, the electrical ablation segment is expected to show lucrative growth in the ablation technology market over the forecast period.
Key points from the study:
North America attributed the largest share in the market as of 2013. The huge patient base suffering from chronic diseases and increased awareness about several treatments through ablation technology are the major factors propelled the growth of ablation technology market in this region.
Asia Pacific is on the fast pace and expected to grow fastest over the forecast period owing to the rising healthcare expenditure and increasing pool of patients need to diagnose with ablation technology in this region.
The increased government fundings and increasing predilection of ablation over surgery is also the factor expected to fuel the ablation technology market in this region over the forecast period.
Key companies analyzed for the research:
Boston Scientific Corporation
St. Jude Medical, Inc.
Bio Sense Webster, Inc.
Accuray and Arthocare
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