JERSEY CITY, N.J., Nov. 5, 2020
Technological advancements in tumor ablation devices on the basis of accuracy, cost effectiveness, and portability and growing number of cancer patients are the factors fueling the growth of global tumor ablation market
JERSEY CITY, N.J., Nov. 5, 2020 /PRNewswire/ -- Verified Market Research recently published a report, "Tumor Ablation Market by Technology (Microwave Ablation, Radiofrequency (RF) Ablation, Cryoablation), by Mode of Treatment (Laparoscopic Ablation, Surgical Ablation, Percutaneous Ablation), by Application (Lung Cancer, Liver Cancer, Kidney Cancer, Bone Metastasis), Geography". According to Verified Market Research, the Global Tumor Ablation Market was valued at USD 458.30 Million in 2019 and is projected to reach USD 1072.87 Million by 2027, growing at a CAGR of 12.1% from 2020 to 2027.
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Browse in-depth TOC on "Tumor Ablation Market"
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Global Tumor Ablation Market Overview
Technological advancements in tumor ablation devices on the basis of accuracy, cost effectiveness, and portability and growing number of cancer patients are the factors fueling the growth of global tumor ablation market. The rising number of ablation centers, increasing awareness about tumor ablation technique, increasing aging population, and various initiatives taken by the government organizations are some other factors expected to propel the market growth.
The increasing inclination of surgeons and patients towards minimally invasive procedures owing to the benefits such as speedy recovery, patient comfort, and reduced turnaround time are the factors expected to drive the demand for advanced tumor ablation techniques over the forecast period. Advanced tumor ablation procedures are generally performed on an outpatient basis and do not require any hospital admission compared with conventional therapies, thereby significantly reducing the total healthcare cost. Technological advancements to enhance accuracy, portability, and cost-effectiveness are the factors prompting market players to constantly improve and launch advanced devices. Image-guided equipment and cryoablation are major examples of these technological advancements. The major players in the market are Healthtronics, Inc., Medtronic, PLC., Sonacare Medical, LLC, Boston Scientific Corporation, Edap Tms S.A., Misonix, Inc., Galil Medical, Inc., Neuwave Medical, Inc., Mermaid Medical A/S, and Angiodynamics, Inc.
Verified Market Research has segmented the Global Tumor Ablation Market on the basis of Technology, Mode of Treatment, Application and Geography.
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