The report "Ablation Technology Market by Technology (RF, Pulse Field, Microwave, Laser, Electrical, Ultrasound, Cryo), Product (Generator, Electrode, Probe), Application (CV, Cancer, Pain, Ortho, Cosmetics), Enduser (Hospital, ASC) & Region Global Forecasts to 2029", is estimated to reach USD 9.62 billion by 2029 from USD 6.11 billion in 2024, at a CAGR of 9.5% from 2024 to 2029. Growing awareness related to ablation treatment, increasing baby boomer population, and the rising incidence of chronic diseases are the major indicators contributing to the growth of the market.
Browse 226 market data Tables and 64 Figures spread through 290 Pages and in-depth TOC on "Ablation Technology Market by Technology (RF, Pulse Field, Microwave, Laser, Electrical, Ultrasound, Cryo), Product (Generator, Electrode, Probe), Application (CV, Cancer, Pain, Ortho, Cosmetics), Enduser (Hospital, ASC) & Region Global Forecasts to 2029"
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Pulsed field ablation segment to register significant growth rate over the forecast period of 2024-2029.
Based on the technology, the global ablation technology market is further segmented into Radiofrequency ablation, Laser/Light ablation, Ultrasound ablation, Electrical ablation, Cryoablation ablation, Microwave ablation, Pulsed field ablation, and Hydrothermal/Hydromechanical ablation. Pulsed field ablation held to register highest growth rate over forecast period due to its potential to use in cardiovascular disease treatment, technological advancements, and product launches and approvals by the major players,
Consumables segment to register significant growth rate over the forecast period of 2024-2029.
Based on the product, the global ablation technology market is further segmented into systems and consumables. The consumables segment is anticipated to register the highest growth rate during the forecast period. Availability of technologically advanced consumables in the market supporting improved patient safety, integration of AI, and rising focus on non-invasive treatment approaches contribute to the expanding utilization of consumables within various healthcare facilities.
Cardiovascular disease treatment segment in application to register a significant growth over the forecast period of 2024-2029
Based on application, the global ablation technology market is segmented by application into cardiovascular disease treatment, cancer treatment, orthopedic treatment, cosmetic/aesthetic treatment, urological treatment, gynecological treatment, pain management, ophthalmological treatment and other applications. The growing trend towards use of ablation devices due to improved patient outcomes and increased spectrum of heart conditions that can be treated using ablation has driven the growth of cardiovascular disease treatment application. Rising healthcare expenditure and increasing prevalence of atrial fibrillation on the global level supports the highest growth rate of the segment.
Ambulatory surgical centers are expected to register highest growth rate over the forecast period of 2024-2029
Based on end users, the ablation technology market is segmented into hospitals, surgical centers, and ablation centers, ambulatory surgery centers, medical spas and aesthetic & dermatology clinics, and other end users. Ambulatory surgery centers provide lower cost treatment than hospitals. Factors such as quick recovery time in ablation procedure and lower patient co-pays contributes to the rising growth of the segment.
The Asia pacific market will register significant growth during the forecast period of 2024-2029
The Asia Pacific ablation technology market is estimated to register significant growth from 2024 to 2029. Increasing target patient population, rising investments by the major players, and growing disposable income to fuel the adoption of ablation technology equipment in the region. Moreover, the Asia pacific region has experienced a rise in investments by governments and major players, offering significant growth opportunities.
As of 2023, prominent players in the ablation technology market are Johnson & Johnson (US), Medtronic (Ireland), Boston Scientific Corporation (US), and Abbott (US).
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