Tumor Ablation Market Size, Share, Growth Analysis, By Technology(Radiofrequency Ablation, Microwave Ablation, Cryoablation, Irreversible Electroporation Ablation), By Treatment(Surgical Ablation, Laparoscopic Ablation, and Percutaneous Ablation), By Application(Kidney Cancer, Liver Cancer, Breast Cancer, Lung Cancer), By Product Type(Generators, and Probes/electrodes (Radiofrequency Ablation Probes, Microwave Ablation Probes and Other Probes/Electrodes)), By End Use(Hospitals & Clinics, Cancer Care Centers, Other End Users), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2494 | Region: Global | Published Date: September, 2024
Pages: 219 |Tables: 95 |Figures: 76

Tumor Ablation Market Insights

Global Tumor Ablation Market size was valued at USD 1.48 Billion in 2022 and is poised to grow from USD 1.68 Billion in 2023 to USD 4.63 Billion by 2031, by rising at a CAGR 13.5% during the forecast period (2024-2031).

The increasing prevalence of cancer & the strong desire for safer therapeutic choices are important factors driving market expansion. According to the WHO, by 2030, 10-11 million instances of cancer are expected to be diagnosed globally each year. The number of new cases of cancer in low-income nations is anticipated to rise by more than 80%, compared to half the pace in high-income countries (40%). Lucrative potential for expansion in currently existing therapeutic choices, as well as a strong desire for minimally & non-invasive therapies, are projected to drive the market in the future years.

The growing preference of surgeons and patients for minimally invasive procedures due to benefits such as faster recovery, patient comfort, the shorter turnaround time is likely to boost demand for advanced tumor ablation methods over the forecast period. When opposed to conventional therapy, advanced tumor ablation procedures are often conducted on an outpatient basis & lack any hospital admission, considerably lowering total healthcare costs. Ablative operations are the primary treatment for tiny tumors. As a result, its procedural number is indirectly affected by yearly cancer detection rates. The market was considerably impacted in 2020 as the number of cases of cancer that were newly diagnosed decreased significantly during COVID due to less screening measures done by relevant authorities.

According to a survey by Our World in Data (OWD), an initiative of Global Change Data Lab, more than 70% of cancer diagnoses occurred in persons over the age of 50. The number is likely to rise in lockstep with the growing senior population. As the body's basic systems deteriorate with age, the aging population is the primary target group for noninvasive ablation procedures. As a result, the rising aging population is predicted to drive up demand for tumor ablation procedures over the projection period.

The drivers motivating market participants to consistently upgrade and launch advanced products are technological advancements to improve accuracy, mobility, and cost-effectiveness. These technological developments include image-guided devices, HIFU, and cryoablation. One of the upcoming techniques that is expected to play a big role in market expansion is the use of the cooled radiofrequency degeneration technique with externally chilled radiofrequency probes to increase the size of the lesion. This procedure allows for total degeneration of the sacroiliac joint, resulting in pain relief.

US Tumor Ablation Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 1.68 Billion

Largest Segment

Radiofrequency Tumor

Fastest Growth

Microwave

Growth Rate

13.5% CAGR

Global Tumor Ablation Market ($ Bn)
Country Share for North America Region (%)

To get more reports on the above market click here to Buy The Report

Tumor Ablation Market Segmental Analysis

The global tumor ablation market is segmented by technology, application, treatment, and region. Based on technology, the market is segmented into Radiofrequency Ablation, Microwave Ablation, Cryoablation, Irreversible Electroporation Ablation, High-intensity-focused Ultrasound (HIFU), and other ablation technologies. Based on treatment, the market is segmented into surgical ablation, laparoscopic ablation, and percutaneous ablation. Based on application, the market is segmented into kidney cancer, liver cancer, breast cancer, lung cancer, prostate cancer, and other cancers. Based on end users, the market is segmented into Hospitals & Clinics, Cancer Care Centers, and other End Users. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA. 

Tumor Ablation Market Analysis by Technology

In 2023, the radiofrequency tumor ablation category accounted for the greatest share, with 32.7%. Its advantages, like specificity and efficiency in solid tumor our alation treatments in the kidney and liver, can be linked to its supremacy. Furthermore, radiofrequency ablation can be used to treat numerous tumors concurrently, utilizing multiple electrodes positioned at different sites to improve procedural efficiency. This is expected to accelerate the uptake of sophisticated tumor ablation methods. It is predicted that radiofrequency/microwave ablation technology has an above 85% success rate in the removal of tiny liver tumors. The NCBI report states that individuals who choose surgical excision have a 30% to 70% chance of their tumors returning. 

The ability of radiofrequency approaches to effectively treat tumors in their early stages is expected to propel this category's expansion. From 2024 to 2030, microwave ablation technology is expected to grow at the quickest rate. Unlike radiofrequency ablation devices, which use electric current to spread electromagnetic fields, microwave (MW) ablation devices use energy. This enhances the use of microwave ablation technologies in tissues like bones and lungs that have poor electrical conductivity. Larger tumor ablation volumes, consistent high temperatures, little ablation discomfort, and ideal cystic mass heating are some of this technology's main advantages. It is projected that these advantages will encourage segment expansion. Additionally, shorter hospital stays (5–10 minutes), enhanced efficacy with fewer problems, and shorter operation times are anticipated to fuel expansion. 

Tumor Ablation Market Analysis by Application

In 2023, other market categories took the lead with a revenue share of roughly 28.8%. This section covers various cancers, including ENT and cancer with bone metastases. It is projected that the prevalence of cancer is rising, and that the availability of sophisticated techniques will support sector expansion. Through 2030, the lung cancer segment is expected to rise at the quickest compound annual growth rate (CAGR) due to the rising global incidence of lung cancer brought on by the rising smoking prevalence.  

Between 2024 and 2030, the kidney cancer market is expected to expand at a very quick speed. The ablation techniques of microwave and radiofrequency work well for treating kidney tumors. Kidney tumors can be ablation in patients with single kidneys, tumors smaller than 4 cm (about 1.57 in), and a delayed rate of recovery after surgery. An estimated 79,000 additional instances of kidney cancer will be detected in 2022, according to estimates from the American Cancer Society. Furthermore, as medical imaging becomes more widely used, more cases are anticipated to be diagnosed, which will raise demand for treatment methods.  

Tumor Ablation Market Analysis by Treatment 

In 2023, the percutaneous ablation category held a dominant market share of around 56.7%. These operations provide greater safety, less scary, and a quicker recovery. Further variables expected to increase segment demand are speedy operation times, patient comfort, and cost effectiveness. Higher systemic challenges, particularly in hospitals with a shortage of qualified personnel, are expected to restrain the system's expansion. 

Percutaneous ablations are not possible in approximately 25–55% of patients because of unfavorable tumor placements, according to the NCBI analysis. Because deep-seated tumors cannot be sufficiently ablation by percutaneous ablation, the rate of tumor recurrence is greater. Furthermore, because of the high risk of tumor recurrence, percutaneous ablation should not be used to treat lesions that are particularly close to the heart, bile duct, gall bladder, or gastrointestinal tract. Thus, laparoscopic ablation is effective in these situations in achieving long-term results while also maintaining minimal invasiveness. During the projected period, this is anticipated to accelerate the expansion of the laparoscopic ablation segment. 

Global Tumor Ablation Market By Technology (%)

To get detailed analysis on other segments, Request For Free Sample Report

Tumor Ablation Market Regional Insights

In 2023, North America held a dominant revenue share of 34.42% in the market. The government's support of high-quality healthcare, the region's high purchasing power parity, the accessibility of reimbursements, and the rising incidence of cancer are major drivers of growth. For example, the Patient Protection and Affordable Care Act (PPACA) in the United States encourages access to high-quality, reasonably priced healthcare by lowering the cost of healthcare for both individuals and the government through health coverage programmed. Furthermore, the precision medicine movement involves developing customized approaches based on distinct features of illnesses. Therefore, it is projected that these government actions will enhance the healthcare system, driving market expansion. In 2023, Europe had a sizable portion. 

Furthermore, it is projected that the government's support for cancer control initiatives along with the ageing population will accelerate this growth. The European Cancer Observatory, for example, seeks to raise public awareness of cancer, early diagnosis methods, and cutting edge, minimally invasive treatment choices. From 2024 to 2030, Asia Pacific is anticipated to have the fastest CAGR. Opportunities for market expansion are created by an increase in the number of patients and the strong presence of well-known healthcare providers in developing nations like China and India. Furthermore, with government assistance, healthcare utilization in this area is improving. For instance, the Health Minister Cancer Patient Fund (HMCPF) programmed in India provides financial assistance to cancer patients who are impoverished. This is expected to increase demand for tumor ablation equipment and support the area's expansion.  

Global Tumor Ablation Market By Geography
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Tumor Ablation Market Dynamics

Tumor Ablation Market Drivers

Increasing Incidence of Cancer

  • The rising prevalence of cancer globally, particularly in lung, liver, kidney, and breast cancers, is a major driver for the tumor ablation market. Tumor ablation techniques offer minimally invasive alternatives to surgery for the treatment of localized tumors, providing effective therapeutic options to patients who may not be suitable candidates for surgery.

Tumor Ablation Market Restraints

High Cost of Ablation Procedures

  • Tumor ablation procedures can be expensive, especially when advanced technologies and imaging guidance are involved. The high cost of equipment, consumables, and specialized healthcare professionals can limit the accessibility of tumor ablation treatments, particularly in developing regions with resource constraints.

Request Free Customization of this report to help us to meet your business objectives.

Tumor Ablation Market Competitive Landscape

Key companies are increasing their expenditure on R&D to produce minimally invasive and new tumor ablative therapies in order to gain a huge market share. For example, Boston Scientific Corporation got Health Canada certification in 2021 for its advanced freezing system, ICEfxTM. The device has a lower footprint, is portable, and offers a potent alternative to current cryoablation systems.

In order to maintain their market position, industry participants have implemented a variety of strategic activities such as new product launches, alliances, mergers, and acquisitions.

Top Player’s Company Profiles in Tumor Ablation Market

  • Medtronic plc (Ireland) 
  • Boston Scientific Corporation (US) 
  • Johnson & Johnson (Ethicon, Inc.) (US) 
  • AngioDynamics, Inc. (US) 
  • EDAP TMS S.A. (France) 
  • SonaCare Medical, LLC (US) 
  • Merit Medical Systems, Inc. (US) 
  • Misonix, Inc. (US) 
  • HealthTronics, Inc. (US) 
  • Galil Medical Ltd. (US) 
  • IceCure Medical Ltd. (Israel) 
  • Monteris Medical, Inc. (Canada) 
  • Hologic, Inc. (US) 
  • Symple Surgical Inc. (US) 
  • BVM Medical Limited (UK) 
  • Ablatherm (Esaote S.p.A.) (Italy) 
  • Bioventus LLC (US) 
  • CEVOTEC (Germany) 
  • Fujifilm Holdings Corporation (Japan) 
  • InSightec Ltd. (Israel) 
  • Philips Healthcare (Netherlands)

Tumor Ablation Market Recent Developments

  • In May 2024, Advance Market Analytics published a new research publication on "Circulating Tumor Cells (CTC) Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Circulating Tumor Cells (CTC) market was mainly driven by the increasing R&D spending across the world. 

  • In March 2024, Medtronic wins FDA clearance for bone tumor ablation tech. 

  • In February 2024, STARmed to Accelerate Global Market Entry of EUSRA and ELRA Products through Olympus. 

  • Butterfly Network introduced a tumor ablation gadget in February 2024. AI and 3D imagery have been used in the development of a novel portable ultrasound device. The system is a point-of-care gadget known as iQ3TM, and it performs optimal organ scanning. It offers 46 broad angle ultrasonic slices at the same time. 

  • The CE (Conformité Européenne) Mark was granted to Medtronic Public Limited Company in August 2023 for its closed-loop rechargeable spinal cord stimulator (SCS), Inceptiv. It is the first Medtronic SCS device with a closed-loop function that senses individual biological signals and modifies stimulation as needed in real time to keep therapy in sync with everyday activities. 

  • Compal Electronics, a Taiwanese electronics manufacturer, debuted a new radiofrequency ablation (RFA) device in April 2023. It is intended for use in percutaneous and intraoperative soft tissue coagulation and ablation procedures. This covers the ablation of non-resectable liver lesions, either fully or partially. Furthermore, Compal Electronics unveiled a bi-level ventilator designed to treat respiratory insufficiency brought on by central and/or mixed apneas and chronic obstructive pulmonary disease (COPD). 

  • In April 2023, AngioDynamics. announced an expanded partnership with Cardiva, a Spanish-based medical device company. The partnership builds on an existing collaboration between AngioDynamics and Cardiva, which has successfully distributed AngioDynamics' vascular access portfolio in Spain and Portugal since 2012. The expanded partnership will now include AngioDynamics' oncology portfolio, with the addition of the Italian market in the distribution agreement. 

  • In September 2023, Medical Technologies introduced a state-of-the-art radiofrequency ablation system aimed at enhancing tumor treatment efficacy. This new system employs advanced algorithms to precisely target and ablate tumors in various organs, including the liver, lungs, and kidneys. Its unique design allows for real-time monitoring and adjustment, ensuring optimal energy delivery and increased patient safety during the ablation procedure. 

Tumor Ablation Key Market Trends

  • Technological Advancements: The tumor ablation market is witnessing continuous technological advancements, leading to the development of more advanced and precise ablation techniques. These advancements include the integration of imaging modalities for real-time guidance, the use of robotic systems for improved accuracy, and the development of new energy sources for ablation. These technological advancements enhance the efficacy and safety of tumor ablation procedures.
  • Increasing Adoption of Minimally Invasive Procedures: Minimally invasive tumor ablation procedures are gaining popularity over traditional surgical methods. The advantages of minimally invasive techniques, such as smaller incisions, reduced hospital stays, faster recovery, and lower complication rates, are driving their adoption. Patients and healthcare providers are increasingly opting for minimally invasive tumor ablation procedures as a less invasive treatment option.
  • Rise in Cancer Prevalence: The increasing incidence of cancer worldwide is a significant driver for the tumor ablation market. The growing burden of various types of cancer, such as liver, lung, kidney, and prostate cancers, fuels the demand for effective treatment options. Tumor ablation techniques offer a less invasive alternative to surgery for localized tumors, providing a viable treatment option for patients who may not be suitable candidates for surgery.
  • Growing Focus on Precision Medicine: Precision medicine, which involves tailoring treatment based on individual patient characteristics, is gaining traction in oncology. Tumor ablation procedures align well with the principles of precision medicine as they can target specific tumor sites while preserving healthy tissues. The ability to deliver targeted therapy with minimal impact on surrounding tissues makes tumor ablation an attractive treatment modality in the era of precision medicine.

Tumor Ablation Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our tumor ablation market analysis, the increased demand for visually pleasing multipurpose tumor ablations that compliment other plumbing fixtures is driving the market. The demand for automated Tumor Ablations is increasing due to their convenience, efficiency, and touchless operation. These dispensers help minimize the spread of germs, reduce product waste, and offer a hygienic hand washing experience, particularly in public restrooms, healthcare facilities, and food service establishments.

Report Metric Details
Market size value in 2022 USD 1.48 Billion
Market size value in 2031 USD 4.63 Billion
Growth Rate al Tumor Ablation Market size was valued at USD 1.48 Billion in 2022 and is poised to grow from USD 1.68 Billion in 2023 to USD 4.63 Billion by 2031, by rising at a CAGR 13.5%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Radiofrequency Ablation, Microwave Ablation, Cryoablation, Irreversible Electroporation Ablation, High-intensity-focused Ultrasound (HIFU), Other Ablation Technologies
  • Treatment
    • Surgical Ablation, Laparoscopic Ablation, and Percutaneous Ablation
  • Application
    • Kidney Cancer, Liver Cancer, Breast Cancer, Lung Cancer, Prostate Cancer, and Other Cancer
  • Product Type
    • Generators, and Probes/electrodes (Radiofrequency Ablation Probes, Microwave Ablation Probes and Other Probes/Electrodes)
  • End Use
    • Hospitals & Clinics, Cancer Care Centers, Other End Users
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Medtronic plc (Ireland) 
  • Boston Scientific Corporation (US) 
  • Johnson & Johnson (Ethicon, Inc.) (US) 
  • AngioDynamics, Inc. (US) 
  • EDAP TMS S.A. (France) 
  • SonaCare Medical, LLC (US) 
  • Merit Medical Systems, Inc. (US) 
  • Misonix, Inc. (US) 
  • HealthTronics, Inc. (US) 
  • Galil Medical Ltd. (US) 
  • IceCure Medical Ltd. (Israel) 
  • Monteris Medical, Inc. (Canada) 
  • Hologic, Inc. (US) 
  • Symple Surgical Inc. (US) 
  • BVM Medical Limited (UK) 
  • Ablatherm (Esaote S.p.A.) (Italy) 
  • Bioventus LLC (US) 
  • CEVOTEC (Germany) 
  • Fujifilm Holdings Corporation (Japan) 
  • InSightec Ltd. (Israel) 
  • Philips Healthcare (Netherlands)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

 

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Tumor Ablation Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Tumor Ablation Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Tumor Ablation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Tumor Ablation Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Tumor Ablation Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Tumor Ablation Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW

REQUEST FOR SAMPLE

Want to customize this report?
REQUEST FREE CUSTOMIZATION

FAQs

Global Tumor Ablation Market size was valued at USD 1.48 Billion in 2022 and is poised to grow from USD 1.68 Billion in 2023 to USD 4.63 Billion by 2031, by rising at a CAGR 13.5% during the forecast period (2024-2031).

Key companies are increasing their expenditure on R&D to produce minimally invasive and new tumor ablative therapies in order to gain a huge market share. For example, Boston Scientific Corporation got Health Canada certification in 2021 for its advanced freezing system, ICEfxTM. The device has a lower footprint, is portable, and offers a potent alternative to current cryoablation systems. 'Medtronic plc (Ireland) ', 'Boston Scientific Corporation (US) ', 'Johnson & Johnson (Ethicon, Inc.) (US) ', 'AngioDynamics, Inc. (US) ', 'EDAP TMS S.A. (France) ', 'SonaCare Medical, LLC (US) ', 'Merit Medical Systems, Inc. (US) ', 'Misonix, Inc. (US) ', 'HealthTronics, Inc. (US) ', 'Galil Medical Ltd. (US) ', 'IceCure Medical Ltd. (Israel) ', 'Monteris Medical, Inc. (Canada) ', 'Hologic, Inc. (US) ', 'Symple Surgical Inc. (US) ', 'BVM Medical Limited (UK) ', 'Ablatherm (Esaote S.p.A.) (Italy) ', 'Bioventus LLC (US) ', 'CEVOTEC (Germany) ', 'Fujifilm Holdings Corporation (Japan) ', 'InSightec Ltd. (Israel) ', 'Philips Healthcare (Netherlands)'

The rising prevalence of cancer globally, particularly in lung, liver, kidney, and breast cancers, is a major driver for the tumor ablation market. Tumor ablation techniques offer minimally invasive alternatives to surgery for the treatment of localized tumors, providing effective therapeutic options to patients who may not be suitable candidates for surgery.

Technological Advancements: The tumor ablation market is witnessing continuous technological advancements, leading to the development of more advanced and precise ablation techniques. These advancements include the integration of imaging modalities for real-time guidance, the use of robotic systems for improved accuracy, and the development of new energy sources for ablation. These technological advancements enhance the efficacy and safety of tumor ablation procedures.

In 2023, North America held a dominant revenue share of 34.42% in the market. The government's support of high-quality healthcare, the region's high purchasing power parity, the accessibility of reimbursements, and the rising incidence of cancer are major drivers of growth. For example, the Patient Protection and Affordable Care Act (PPACA) in the United States encourages access to high-quality, reasonably priced healthcare by lowering the cost of healthcare for both individuals and the government through health coverage programmed. Furthermore, the precision medicine movement involves developing customized approaches based on distinct features of illnesses. Therefore, it is projected that these government actions will enhance the healthcare system, driving market expansion. In 2023, Europe had a sizable portion. 

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Tumor Ablation Market

Report ID: SQMIG35A2494

sales@skyquestt.com
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE