As per the latest market research report by Technavio, the global tissue ablation market is projected to grow at a CAGR of close to 10% during the forecast period 2017 to 2021.
This market study by Technavio provides a thorough breakdown of the global tissue ablation market in terms of revenue and emerging trends. The analysis also includes the latest evaluation and forecasts for different market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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Global tissue ablation consumables market: The growing number of ablation procedures for the treatment of chronic diseases such as cancer and cardiac arrhythmias is driving the market for consumables in the global market. The need for consumables for various tissue ablation procedures is allowing the vendors to launch both disposable and reusable equipment in the global market. Disposables are used for conditions such as uterine perforation and gynecological tumors to prevent the transmission of infectious agents between patients and the physicians.
“The increasing demand for minimally invasive or non-invasive ablation procedures will drive the market for consumables during the forecast period. The manufacturers in the market are adopting product bundling strategy, where they are bundling two or more products and services to achieve product differentiation and provide better products to end-users. The introduction of cost-effective solutions will boost the sales in the market segment,” says Barath Palada, a lead analyst at Technavio for research on orthopedics and medical devices.
Global capital equipment market: The increasing use of these devices for controlling surgical bleeding caused by hemostasis at a specific site will drive the demand in this market segment. The electrosurgical devices are primarily used in dermatology, cardiology, plastic surgery, neurology, ENT, gynecology, urology, and general surgical procedures. The purchase of new capital equipment will originate from either the establishment of new facilities or old facilities wanting to replace old devices.
Global ablation catheters market: The growing prevalence of cardiovascular diseases especially arrhythmias will fuel the growth in this market segment. Ablation catheters help in removing the triggers of atrial fibrillation and enhance the atrial substrate responsible for managing the disorder. The manufacturers are using advanced endoscopy technologies to develop innovative products to attract more consumers and generate revenues in the global market.
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The top vendors operational in the global tissue ablation market are:
- Boston Scientific
- Johnson & Johnson
- Medtronic
- St. Jude Medical
The other leading vendors in the market include Abbott Laboratories, Accuray, Acoustic Medsystems, Advanced Cardiac Therapeutics, Alcon, Alpinion Medical System, American Medical Systems, AtriCure, Biosense Webster, BIOTRONIK, Bovie Medical, BSD Medical, C.R. Bard, C2 Therapeutics, CardioFocus, Chongqing Haifu Medical Technology, Conmed, CSA Medical, Cynosure, Cytyc, EDAP TMS, Elekta, Esaote, Galil Medical, Hologic, InSightec, Lumenis, Mermaid Medical, MicroPort Scientific, Microsulis Medical, Monteris Medical, Neuwave Medical, Olympus, Perseon, Philips Healthcare, Plasma Surgical, PLC Medical Systems, Profound Medical, Shenzhen Huikang Medical Apparatus, Smith & Nephew, Sonacare Medical, Spectranetics, Stryker, Terumo Medical, Theraclion, Total Vein Systems, Varian Medical, Vimecon, and Vivant Medical.
A complete analysis is available in the Technavio report titled, ‘Global Tissue Ablation Market 2017-2021’. Technavio also customizes reports by other countries and explicit segments upon request.
Other related reports:
- Global Hemostats and Tissue Sealants Market 2016-2020
- Global Tissue Heart Valves Market 2016-2020
- Global Idiopathic Pulmonary Fibrosis Market 2016-2020
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