A recent report published by Infinium Global Research on microwave ablation system market provides in-depth analysis of segments and sub-segments in global as well as regional microwave ablation system market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional microwave ablation system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global microwave ablation system market. According to the report the global microwave ablation system market is projected to grow at a CAGR of 13.6% over the forecast period of 2018-2024.
Radiofrequency ablation is one of the most accepted treatment modality for many tumors. This method is most commonly used for treating tumors of the liver, lung, kidney, and bone. However, it has certain limitations that may hamper its efficacy in the new organ systems. Microwave energy may be able to overcome the technical limitations of RF energy. Microwave Ablation (MWA) is a form of thermal ablation used in interventional radiology to treat cancer. It uses electromagnetic waves in the microwave energy spectrum to produce tissue heating effects. The technique allows for flexible approaches to treatment, including percutaneous, laparoscopic, and open surgical access. With imaging guidance, the tumor is localized and electromagnetic microwaves agitate water molecules in the surrounding tissue, producing friction and heat, thus inducing cellular death via coagulation necrosis.
The key factors responsible for the growth in this market include increasing incidences of chronic diseases such as cancer and rising in the geriatric population are responsible for driving growth in the microwave ablation system market. Old age people are more prone to develop tumors. Also, microwave ablation systems are gaining popularity over conventional surgeries to treat or destroy the cancerous cell, the use of ablation systems has many advantages over conventional surgeries that increases the demand for the microwave ablation system. However, lack of awareness concerning microwave tissue ablation treatment and lack of skilled manpower acts as a hiccup to the market growth. Innovative technological advancements in ablation machines and developments in surgical techniques are expected to create growth opportunities in the near future.
Geographically, North America has the highest market share in microwave ablation system market in 2017 while Europe is the second largest market. North America leads the market owing to the increase in the incidence of cancer among people mostly due to their consumption habits and the presence of major leading manufacturers of microwave ablation system in this region. Asia Pacific is expected to grow at highest CAGR during the forecast period owing to the increase in healthcare infrastructure and raising awareness concerning the treatment of tumors.
The report on global microwave ablation system market covers segments such as product, application, and end-user. On the basis of the product, the global microwave ablation system market is categorized into equipment and consumables. On the basis of application, the global microwave ablation system market is categorized into oncology, cardiovascular, urology, gynecology and others. On the basis of end-user, the global microwave ablation system market is categorized into ambulatory surgical centers, hospitals, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global microwave ablation system market such as Medtronic PLC, Angio Dynamics, Med Waves, Neu Wave Medical, Pearson Medical, Emblation microwave, Miramar labs, Symple Surgical and Urologix.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global microwave ablation system market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of microwave ablation system market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the microwave ablation system market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the microwave ablation system market to understand the present and future trends in this market and formulate their strategies accordingly.