Just Published: "Ablation Technologies Market - Global Forecasts to 2019"

Ablation Technologies Market by Product (Radiofrequency, Ultrasound, Irreversible Electroporation, Cryotherapy, Microwave), Application (General & Cosmetic Surgery, Cardiovascular, Cancer, Ophthalmology, Orthopedics) - Global Forecasts to 2019

The global ablation technologies market is estimated to grow at a CAGR of 9.6% from 2014 to 2019. Although mature markets (such as the U.S., Germany, France, and the U.K.) hold larger shares in the ablation technologies market in 2014, the Asia-Pacific region is poised to grow at the highest CAGR of 12.8% in the next five years. Factors such as increasing government initiatives for modernization of healthcare infrastructure, growing number of hospitals and surgical centers, and the rising focus of international and domestic players on the Asia-Pacific ablation technologies market are propelling its growth.

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The growth of the ablation technologies market is driven by factors such as ongoing technological development initiatives, rapidly aging population, increasing demand for laparoscopic surgical procedures, modernization of healthcare facilities in emerging countries of the Asia-Pacific and RoW (Rest of the World) regions, and geographic expansions of market players across the globe. However, factors such as ongoing healthcare reforms in the U.S., product recalls, and increasing cost-containment issues faced by ablation device manufacturers and distributors are restraining the growth of this market. Growing number of hospitals and surgical centers, and government initiatives to increase healthcare awareness in developing countries are creating opportunities for the growth of the ablation technologies market.

In this report, the global ablation technologies market has been segmented on the basis of type of product (light/laser ablators, radiofrequency ablators, electrical ablators, ultrasound ablators, microwave ablators, cryoablation devices, and hydrothermal ablators), type of technology (light/laser, radiofrequency, electrical, ultrasound, microwave, cryotherapy, hydrothermal, and hydromechanical ablation technologies), and type of application (general surgery, cancer, cardiovascular, gynecological, ophthalmological, urological, orthopedic, and cosmetic surgery). The light/laser ablators market is estimated to account for the largest share of the global ablation technologies market in 2014, followed by the radiofrequency ablators market. Factors such as new product launches, recent product approvals, technological advancements, strong product portfolio of market players, and increasing demand of minimal invasive surgery are stimulating the growth of the light/laser ablators market.

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