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According to the latest report published by Credence Research, Inc.聽鈥淎blation Devices Market聽– Growth, Future Prospects & Competition Assessment, 2016-2023 Authentic Valtteri Filppula Jersey ,鈥澛爐he聽global ablation devices market was valued at USD10.6 Bn in 2015 and is expected to reach USD21.3 Bn by 2023, expanding at a CAGR of 9% from 2016 to 2023.
Market Insights
Ablation is a minimally invasive therapeutic procedure used for destruction and dissection of diseased tissue. Ablation is commonly used for the treatment of conditions such as cancer, ophthalmic disorders urologic diseases, gynecological conditions, and orthopedic disorders. Based on device type Authentic Andreas Athanasiou Jersey , this report categorizes ablation devices market into generators, catheters and probes, and disposables and accessories. Generators due to their higher prices and augmenting installation base are the largest device segment in the market.
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The overall ablation devices market is technologically driven. Other major drivers of this market are the growing incidence of chronic target diseases such as cancer and CVD, technological advancements, growing demand for minimally invasive procedures Authentic Jonathan Ericsson Jersey , and rapid growth in the pool of a high-risk geriatric population. Conversely, stringent approval requirements and high cost of equipment are the major set of challenges faced towards the market progression. Ablation devices market is highly competitive with the existence of a multitude of players closely competing to augment their foothold in the market.
Among the energy types used for delivering ablation, radiofrequency is the most sought technology and has the highest number of products commercially available. Other key segments include ultrasound ablation, laser ablation, and electrical ablation. High safety of RF ablation is the key factor contributing to the dominance of RF ablation devices in the global market. However Authentic Darren Helm Jersey , with the emergence of novel technologies such as cryoablation and microwave ablation, the demand for RF ablation will experience a slight competition, yet not a complete upset in the overall market situation. The growth of the microwave ablation segment is high primarily due to high successful treatment outcomes in cancer and efficiency in producing larger ablation zones against RF ablation.