Global Thermal Ablation Devices Market: Overview
The thermal ablation devices such as radiofrequency (RF) ablation has become a common description attached to devices that remodel or rebuild the tissues without vaporizing the major structures. Currently, the devices that come under a range of the thermal ablation devices are RF, laser, microwave and high-intensity focused ultrasound (HIFU) technologies which are used in the treatment of benign prostatic hyperplasia (BPH), cancer/tumor ablation. Rising incidents of these diseases are creating the need for their treatments are boosting adoption of thermal ablation devices which is likely to fuel growth of the thermal ablation devices market.
The report represents in-depth information on the global thermal ablation devices market, focusing on global values, market segmentation, future prediction, and vendor landscape. The research based on pertinent parameters to offer intelligent inputs and a dependable understanding of the market in its entirety. This research is based on the extensive primary and secondary research on the thermal ablation devices market.
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Global Thermal Ablation Devices Market: Drivers and Restraints
The thermal ablation devices are increasingly used in the minimally invasive procedures. Rising prevalence of atrial fibrillation and cancer are boosting adoption of minimally invasive operations due to their ease and less damage to the body. The aforementioned factors are driving growth of the global thermal ablation devices market. Additionally, emergence of next-generation thermal ablation products and technologies such as radiofrequency ablation, smart catheters, and microwave ablation are fuelling adoption of the thermal ablation devices which is likely to propel growth of the global thermal ablation devices market.
Furthermore, adoption of advanced thermal ablation devices and enhanced product distribution network is fuelling growth of the global thermal ablation devices market. In addition, favorable reimbursement scenario, safety associated with thermal ablation procedures, and improving economic condition is propelling growth of the thermal ablation devices market.
However, factors such as high costs of the thermal ablation devices, less availability of pain management therapeutics, and development of advanced alternative therapeutics are creating hindrance to the growth of the global thermal ablation devices market.
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Global Thermal Ablation Devices Market: Geographical Analysis
On the basis of region, the thermal ablation devices market could be segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Of these regions, the market in Europe is expected to dominate the global thermal ablation devices market owing to growing healthcare expenditure and rising investment on improvement of healthcare facilities in the region. However, the Asia Pacific market for thermal ablation devices is expected to expand with faster with higher CAGR owing to large patient pool and growing investment in the healthcare industry.
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Global Thermal Ablation Devices Market: Companies Mentioned
Some of the key players operating in the thermal ablation devices market are Medtronic Plc., Boston Scientific Corp., Smith & Nephew Plc., AngioDynamics, Inc., and Abbott Laboratories. The key players operating in the thermal ablation devices market is witnessing competition, in order to remain dominant, these players are increasingly investing in the research and development (R&D) activities. These players are improving their product manufacturing capacity and increasingly launching products. Additionally, they are taking part in acquisition, merger, and partnerships for business expansion.
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