(PharmaNewsWire.Com, August 04, 2017 ) According to the report North America Ablation Technologies market, published by Market Data Forecast, the North America market is projected to reach USD 1683 Million by 2021, at a CAGR of 11.2% from 2016 to 2021.
Medical ablation is the treatment that destroys tumors or unwanted material without affecting other body tissues or organs. Because of poor health or reduced organ function, these techniques are widely used to treat cancer, cardiovascular and other chronic diseases. In the treatment of chronic diseases, medical ablation plays the prime role in the removal or complete destruction of abnormal tissue.
In order to meet the demand for the cancer treatment, major players are focusing on bringing in advanced ablation products in the market. For instance, Medtronic, a leading player in ablation technology, launched OsteoCool RF Ablation System to treat spine metastases, in January 2016.
North America Ablation Technologies market: Drivers & Restraints The market for Ablation Technologies is mainly driven due to on-going technological advancements in ablation products, increasing prevalence of cancer and cardiovascular diseases, increasing number of ablation procedures, increasing number of hospitals, surgical, and ablation centers. But, the market growth can be hampered due to reuse and reprocessing of the ablation devices and healthcare cost containment measures.
North America Ablation Technologies market: Overview Radiofrequency-based ablation technology segment is expected to lead the North America ablation technologies market based on Type. Based on Application, large market share is attributed to cardiovascular diseases treatment segment. The microwave ablators segment is estimated to grow at the highest CAGR during 2016 to 2021. The cardiovascular disease treatment segment is expected to command a major share of the ablation technologies market in 2016.
Additionally, risk of cancer increases with age. Approximately 60% of patients who have cancer are aged 65 and above (Source: American Society of Clinical Oncology). According to the United Nations Department of Economic and Social Affairs, the population of individuals aged above 65 years represented 9.2% of the global population in 1990. This figure reached 11.7% by 2013 and is further expected to increase to 21.1% by 2050.
North America Ablation Technologies market: Region-wise Outlook Geographically, North America market for Ablation Technologies is segmented into U.S. and Canada. North America is the biggest market in terms of market share across the globe. U.S. holds the major share of contribution due to a larger consumer base, availability of healthcare services, and higher adoption rate of these technologies. Canadas contribution will also rise due to the adoption of new ablation technologies such as microwave and radiation.
Key Questions Answered What is the current and future Ablation Technologies market outlook in North America? What trends are affecting the North America market?
What is the competitive landscape and market share of major players in the Ablation Technologies space in North America?
What are the key, high growth markets that Ablation Technologies manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Ablation Technologies currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Ablation Technologies?
What are the challenges and barriers that have hindered widespread adoption of Ablation Technologies?
North America Ablation Technologies market: Key Players Biosense Webster, Inc., St. Jude Medical, Inc., Boston Scientific Corporation, AngioDynamics, Inc., AtriCure, Inc., Smith & Nephew plc, Galil Medical Inc., CONMED Corporation, Olympus Corporation, Covidien PLC, Medtronic, Inc., BSD Medical Corporation, are the major players of North America Ablation Technologies market.
Reasons to buy North America Ablation Technologies market Report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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