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Global Tumour Ablation Devices Market Set for Rapid Growth And Trend, by 2026

Global Tumour Ablation Devices Market Set for Rapid Growth And Trend, by 2026

Tumors are the groups of abnormal cells that accumulate together and form lumps and grow consistently. Tumors are categorized into noncancerous and cancerous tumors. Precancerous conditions have the potential of developing into cancer. Tumor ablation is a tool utilized to treat cancerous malignancy. Tumor ablation is the process of removing the cancerous cells from the body. Tumor ablation became more useful during 1970s and 1980s due to advances in laparoscopic surgical approach. The most common means for definitive treatment of primary and metastatic focal malignancy, is the evolution of imaging devices during the past two decades and image-guided tumor ablation.

Tumour Ablation Devices Market: Drivers & Restraints

Increasing prevalence and incidences of cancers, technological advances and increasing geriatric population, increasing numbers of hospitals and healthcare awareness are facilitating the growth of global tumor ablation devices market. Additionally, economic pricing, short recovery time, low risk of infection, and minimal hospital stays are increasing the importance of tumor ablation devices. Side effects associated with ablation treatment and limited performance of the devices are the factors restraining the growth of global tumor ablation device market.

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Tumour Ablation Devices Market: Segmentation

The global tumor ablation devices market has been classified on the basis of product type, application and end user:

On the basis of product type, the tumor ablation devices market is segmented into the following

  • Radiofrequency ablation
  • Laser ablation
  • High intensity focused ultrasound ablation
  • Microwave ablation
  • Cryo ablation

Based on application type, the tumor ablation devices market is segmented into the following:

  • Liver Cancer
  • Kidney Cancer
  • Colorectal Cancer
  • Bone Cancer
  • Breast Cancer
  • Lung Cancer
  • Prostate Cancer
  • Other Cancers

Based on end use type, the tumor ablation devices market is segmented into the following:

  • Hospitals
  • 500 and more beds hospitals
  • 200 to 499 beds hospitals
  • Less than 200 beds hospitals
  • Ambulatory Surgical Centers

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Tumour Ablation Devices Market: Overview

The lung cancer application segment is expected to grow at the highest CAGR in the next five years due to large patient population of lung cancer present across developing and developed regions. This has increased the investment of manufacturers to develop and commercialize innovative lung cancer ablation products. The radiofrequency ablation is widely used technique due to specificity of treating target tissue without causing damage to the surrounding cells. Microwave ablation product segment is expected to grow significantly due to increase in adoption rate of microwave ablation devices by healthcare professionals.

Tumor Ablation Devices Market: Region-wise Outlook

Region wise, the global tumor ablation market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. The global market is expected to be dominated by North America due to factors such as early introduction and adoption of rate of tumor ablation products in the region, trend of replacing older technologies and introducing the new technologies, and increase in private and public funding to develop and commercialize the novel tumor ablation products. The Asia-Pacific market is expected to grow at a higher CAGR in the forecast period due to factors such as large population with the high prevalence of various cancers in the region, government initiatives for developing and modernizing the healthcare infrastructure.

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Tumour Ablation Devices Market: Key Players

Key players of tumor ablation devices market are Boston Scientific Corporation, St. Jude Medical, Inc., Biotronic NeuroNetwork, LLC, Baylis Medical, biolitec AG, Spectranetics, Esaote SpA, ALPINION MEDICAL SYSTEMS Co., Ltd., Chongqing Haifu Medical Technology Co., Ltd., Koninklijke Philips N.V, Hironic Co., Ltd., Monteris Medical, Inc, EDAP TMS, EYE TECH CARE, NeuWave Medical, Inc, Vison medical, AtriCure, Inc, Galil Medical Inc, ENDOCARE INC, IceCure Medical, Sanarus HealthTronics, Inc, MEDTRONIC, MedWaves, AngioDynamics, Microsulis Medical, Perseon, SympleSurgical Inc. to name a few.

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