North America Dominates Ablation Devices Market, Informs IQ4I Research & Consultancy in Its Topical Study Available at MarketPublishers.com
07 Apr 2017 • by Natalie Aster
LONDON – The world’s ablation devices market is predicted to increase at a high single-digit CAGR through 2023 to cross the value of USD 20.9 billion. The major factors propelling the market growth include rising number of ablation procedures, escalating cancer incidence, introduction of next-generation ablation products, expanding adoption of minimally invasive procedures and also continuously improving reimbursement scenario across established markets, amid others.
The ablation devices market is divided into two segments, namely non-thermal and thermal ablation. Amid thermal ablation categories, radiofrequency ablation captured the biggest chunk as of 2016; while amid non-thermal ablation categories, electroporation accounted for the major share.
In terms of applications, oncology held the largest share in the past year. Meanwhile, cardiovascular application sector is poised to exhibit the highest CAGR through 2023.
In terms of end use areas, the overall ablation devices market was dominated by hospitals in 2016; furthermore, this sector is expected to increase at the fastest pace over 2017-2023.
Regionally, North America takes lead in the global ablation devices market, while APAC presents huge lucrative growth opportunities and is predicted to see the highest growth rates up to 2023.
Unbiased in-depth insights into the ablation devices market landscape are provided in the in-demand topical research study “Ablation Devices Global Market - Forecast to 2023” worked out by IQ4I Research & Consultancy. This study is a reliable source of updated market statistics as well as important info on the market size, shares, segmentation, dynamics, key influencing factors and competitive environment. It explores the market performance and trends across the key geographies, discusses the hottest issues and also point out the major challenges and opportunities. Additionally, a future outlook through 2023 is at hand in the report.
Follow to the IQ4I Research & Consultancy page to find many other topical studies elaborated by this publisher.