A recent report published by Infinium Global Research on tissue ablation market provides an in-depth analysis of segments and sub-segments in global as well as regional tissue ablation market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional tissue ablation market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global tissue ablation market. According to the report the global tissue ablation market is projected to grow at a CAGR of 9.1% over the forecast period of 2018-2024.
Tissue ablation is the process of eradication of unhealthy tissues to prevent disease proliferation. Tissue ablation is minimally invasive in nature and thus it is the most preferred choice of treatment. It uses Ultrasound, Radiofrequency, Microwave and many other methods for eradication of diseased tissues. The major factors contributing to the growth of the tissue ablation methods include a rapid increase in the occurrence of the chronic diseases, increase awareness & increased training programs conducted by device manufacturers for professionals on the usage of tissue ablation equipment. However high treatment cost, complications associated with ablation technologies and stringent regulatory policies may act as a restraint for the tissue ablation growth opportunities
In addition, an increase in the demand for minimally invasive treatment options and increased government initiatives to develop healthcare infrastructure in emerging economies to further propel the market growth opportunities.
Among the regions, North America is expected to dominate the tissue ablation market during the forecast period. There is a substantial growth in this region, owing to increasing aged population, rise in the number of chronic diseases and the existence of many local and international manufacturers of tissue ablation devices in this region. Asia Pacific is expected to grow at the highest CAGR during the forecast period.
The report on global tissue ablation market covers segments such as the type of tissue ablation and applications. On the basis of type of tissue ablation the global tissue ablation market is categorized into urology, ophthalmology, oncology, gynecology, cosmetology, and cardiology. On the basis of applications the global tissue ablation market is categorized into ultrasound ablation, radiofrequency ablation, microwave ablation, laser based ablation, EBRT, hydrothermal ablation, and cryoablation devices.
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 tissue ablation market such as Boston Scientific Corporation, Johnson & Johnson, Medtronic, St Jude Medical, Abbott Laboratories, Alcon Inc., Biosense Webster Inc., Alpinion Medical System, C.R Bard Inc., Smith & Nephew Plc and Stryker Corporation.
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 tissue ablation 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 tissue ablation market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the tissue ablation 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 tissue ablation market to understand the present and future trends in this market and formulate their strategies accordingly.