[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Global Ablation Devices Market – Drivers, Opportunities, Trends, and Forecasts: 2017–2023

June 2017 | 114 pages | ID: G7167CA87B7EN
IHR Insights

US$ 2,500.00

E-mail Delivery (PDF), Hard Copy Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Global Ablation Devices Market – Drivers, Opportunities, Trends, and Forecasts: 2017–2023

Overview: Ablation refers to the surgical removal of a body tissue in the form of transferring heat to the target tissue. The process is used to remove a tiny or large quantity of tissue. There are many types of ablations and have multiple techniques, which are used to perform the removal of tissue, depending on the type of tissue. A specially equipped needle is inserted near the site with image-guided modalities such as computed tomography (CT), ultrasonography, and magnetic resonance imaging (MRI). The needle is subjected to various form of electrical tests depending on the type of technology used. The techniques such as radiofrequency with radio waves, cryoablation by liquid nitrogen, and laser ablation by laser beam have proven to be beneficial for individuals who have critical medical conditions such as cardiac arrhythmias, prostate tissue, corneal surface laser ablation, tumors, and chronic pain. Based on the type, the products are classified into different categories such as radiofrequency, ultrasound, electrical, cryoablation, hydrothermal ablation, microwave ablation, and laser.

The rise in awareness about minimally invasive surgeries or procedures has created high adoption as it is less painful, performed as an outpatient procedure, and unlike traditional open surgeries, they require less cost. Minimally invasive surgeries are emerging as potential replacements for conventional therapeutic cancer surgeries for the treatment of various tumors of prostate gland, lungs, and liver. Further, robotic navigation technologies that perform ablation procedures more accurately are being incorporated to increase the popularity of these surgeries. The cost of tissue ablation treatment is directly proportional to the size of the tissue/tumor and the number of probes required for the surgery.

The major products in the market include:
  • Endostat III Bipolar/Monopolar Electrosurgical Generator
  • MAESTRO 4000 Cardiac Ablation System
  • Cool-tip RF Ablation System E Series
  • Barrx Radiofrequency Ablation System
  • Cardioblate iRF Irrigated Radiofrequency Surgical Ablation System
  • Cardioblate 68000 Surgical Ablation System Generator
  • CARTO 3 System
  • Ethicon Endo-Surgery Generator
  • GYNECARE THERMACHOICE III Uterine Balloon Therapy System
  • VAPR VUE Radiofrequency System – Johnson & Johnson
  • AtriCure Ablation Sensing Unit (ASU)
  • BLAZER PRIME Temperature Ablation Catheter
  • INTELLANAV XP & INTELLANAV MIFI XP Temperature Ablation Catheter Family
  • Cardioblate MAPS Device
  • Cardioblate CryoFlex Surgical Ablation Probes
  • THERMOCOOL Bi-Directional Catheter
  • TactiCath Quartz Contact Force Ablation Catheter
  • FlexAbility Irrigated Ablation Catheter
  • ViewFlex Xtra Intracardiac Echocardiography Catheter
  • Monopolar Sealers PlasmaBlade Soft Tissue Dissection Devices
The market is dominated by Medtronic, St. Jude Medical (now Abbott Laboratories), Boston Scientific, Johnson & Johnson, and AngioDynamics which has more than 75% market share in the Global Ablation Devices market. The market is highly fragmented with the presence of many global and local players. The factors such as increased prevalence of chronic disorders, growing popularity about minimally invasive surgeries, focus on early prevention, and increase in disposable income are driving the market growth.

Market Analysis: The “Global Ablation Devices Market” is estimated to witness a CAGR of 10.61% during the forecast period 2017–2023. The market is analyzed based on three segments – product type, end-users, and regions.

Regional Analysis: The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). The Americas is set to be the leading region for the ablation devices market growth followed by Europe. Asia Pacific and ROW are set to be the emerging regions. Brazil is set to be the most attractive destination, and in Latin America, the popularity and the usage of ablation procedures are expected to increase in the coming years.

Product Analysis: Consumables are the fastest growing segment and dominates the global ablation market with 47% of the total market. Cardiac arrhythmias are the most popular ablation treatment followed by cancer ablation methods in all ablation types. The increase in the prevalence of chronic disorders and growing number of ablation procedures are expected to drive the consumable market during the forecast period. The ablation catheters segment is growing at a steady rate and stands second in the global ablation market. The generator/electrosurgical unit segment is growing at a moderate growth rate and is expected to see a significant growth in the emerging markets.

Key Players: Abbott Laboratories, Boston Scientific, AngioDynamics, Johnson & Johnson, Medtronic, and other predominate & niche players.

Competitive Analysis: The Global Ablation Devices market is highly fragmented and has immense growth opportunities for vendors, especially in the developed regions. The presence of large, small, and local vendors in the market possess high competition. The vendors have a strong focus on acquiring smaller companies and expanding their business operations by leveraging their products portfolio across the globe. The competitive environment in the market will intensify further with an increase in product/service extensions, product innovations, and M&As. They form strategic alliances for the marketing or manufacturing of ablation devices products.

Benefits: The report provides complete details about the usage and adoption rate of ablation devices for the treatment of various chronic disorders. With that, key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, government initiatives towards the ablation devices adoption in the upcoming years along with the details of pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals to analyze before investing or expanding the business in this market.

Key Stakeholders:

1 INDUSTRY OUTLOOK

1.1 Industry Overview
  1.1.1 Generators/Electrosurgical Unit
  1.1.2 Ablation Catheters
  1.1.3 Consumables
1.2 Major Diseases Covered
  1.2.1 Cancer
  1.2.2 Cardiac Arrhythmias
1.3 Industry Trends
1.4 PEST Analysis

2 REPORT OUTLINE

2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions

3 MARKET SNAPSHOT

3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
  3.3.1 Surgical Devices Market
  3.3.2 Radiofrequency Ablation Devices Market
  3.3.3 Ablation Catheters Market
  3.3.4 Cardiac Ablation Market

4 MARKET OUTLOOK

4.1 Overview
4.2 Importance of Ablation Devices
4.3 Porter 5(Five) Forces
4.4 Market Dynamics
  4.4.1 Drivers
    4.4.1.1 Rise in the prevalence of chronic disorders
    4.4.1.2 Increasing popularity of MI surgeries
    4.4.1.3 Increase in the number of outpatient procedures
    4.4.1.4 Increasing market awareness and campaigns
    4.4.1.5 Rise in elderly population
    4.4.1.6 Increase in disposable income
  4.4.2 Opportunities
    4.4.2.1 Technological advancements
    4.4.2.2 High demand for lasers in ablation techniques
    4.4.2.3 Increasing healthcare spending
    4.4.2.4 Shift towards minimal and non-invasive procedures
  4.4.3 Restraints
    4.4.3.1 Complications and risk associated with ablation procedures
    4.4.3.2 High cost of ablation procedures
    4.4.3.3 Stringent regulatory approval process
    4.4.3.4 Lack of skilled electrophysiologists
4.5 DRO – Impact Analysis
4.6 Key Stakeholders

5 PRODUCT TYPE: MARKET SIZE AND ANALYSIS

5.1 Overview
5.2 Generators/Electrosurgical Units
  5.2.1 Overview
  5.2.2 Featured Products: Generators/Electrosurgical Units
5.3 Ablation Catheters
  5.3.1 Overview
  5.3.2 Featured Products: Ablation Catheters
5.4 Consumables
  5.4.1 Overview
  5.4.2 Featured Products: Consumables

6 TECHNOLOGY: PERCENTAGE SPLIT

6.1 EBRT
6.2 Radiofrequency Ablation
6.3 Ultrasound Ablation
6.4 Laser-Based Ablation
6.5 Cryoablation
6.6 Hydrothermal Ablation
6.7 Microwave Ablation

7 APPLICATION

7.1 Oncology
7.2 Cardiovascular
7.3 Orthopedic
7.4 Urology
7.5 Gynecology
7.6 Others

8 END-USERS

8.1 Overview
8.2 Hospitals
8.3 Ambulatory Care
  8.3.1 ASCs in the Americas
    8.3.1.1 US
    8.3.1.2 Canada
    8.3.1.3 Mexico
    8.3.1.4 Cuba
  8.3.2 ASCs in the EMEA Region
    8.3.2.1 UK
    8.3.2.2 Germany
    8.3.2.1 France
    8.3.2.2 Israel
    8.3.2.3 Africa
  8.3.3 ASCs in the APAC Region
    8.3.3.1 Australia
    8.3.3.2 Japan
    8.3.3.3 India
    8.3.3.4 China
8.4 Physician’s Office

9 REGIONS: MARKET SIZE AND ANALYSIS

9.1 Overview
9.2 North America
  9.2.1 Market Overview
9.3 Europe
  9.3.1 Market Overview
9.4 APAC
  9.4.1 Market Overview
9.5 Rest of the World
  9.5.1 Market Overview

10 COMPETITIVE LANDSCAPE

10.1 Overview

11 VENDOR PROFILES

11.1 Abbott Laboratories
  11.1.1 Overview
  11.1.2 Key Highlights (St. Jude Medical)
  11.1.3 Business Strategies (St. Jude Medical)
  11.1.4 Business Units
  11.1.5 Geographic Presence
  11.1.6 Business Focus
  11.1.7 SWOT Analysis
  11.1.8 Business Strategy
11.2 AngioDynamics, Inc.
  11.2.1 Overview
  11.2.2 Business Units
  11.2.3 Geographic Presence
  11.2.4 Business Focus
  11.2.5 SWOT Analysis
  11.2.6 Business Strategy
11.3 Boston Scientific Corp.
  11.3.1 Overview
  11.3.2 Business Units
  11.3.3 Geographic Presence
  11.3.4 Business Focus
  11.3.5 SWOT Analysis
  11.3.6 Business Strategy
11.4 Johnson & Johnson
  11.4.1 Overview
  11.4.2 Business Units
  11.4.3 Geographic Presence
  11.4.4 Business Focus
  11.4.5 SWOT Analysis
  11.4.6 Business Strategy
11.5 Medtronic PLC
  11.5.1 Overview
  11.5.2 Business Units
  11.5.3 Geographic Presence
  11.5.4 Business Focus
  11.5.5 SWOT Analysis
  11.5.6 Business Strategy

12 COMPANIES TO WATCH FOR

12.1 Stryker Corp.
  12.1.1 Overview
  12.1.2 Key Highlights
  12.1.3 Business Strategies
12.2 AtriCure, Inc.
  12.2.1 Overview
  12.2.2 Key Highlights
  12.2.3 Business Strategies
12.3 Smith & Nephew plc
  12.3.1 Overview
  12.3.2 Key Highlights
  12.3.3 Business Strategies
12.4 Galil Medical Inc.
  12.4.1 Overview
  12.4.2 Key Highlights
  12.4.3 Business Strategies
12.5 CONMED Corp.
  12.5.1 Overview
  12.5.2 Key Highlights
  12.5.3 Business Strategies
12.6 Olympus Corp.
  12.6.1 Overview
  12.6.2 Key Highlights
  12.6.3 Business Strategies
12.7 MedWaves, Inc.
  12.7.1 Overview
  12.7.2 Key Highlights
  12.7.3 Business Strategies
Annexure
Abbreviations

LIST OF TABLES

Table 1 GLOBAL ABLATION DEVICES MARKET BY TYPES, 2016–2023 ($MILLION)
Table 2 GLOBAL ABLATION DEVICES MARKET BY END-USERS
Table 3 GLOBAL ABLATION DEVICES MARKET REVENUE BY REGIONS, 2016–2023 ($MILLION)
Table 4 DRO (NORTH AMERICA)
Table 5 DRO (EUROPE)
Table 6 DRO (APAC)
Table 7 DRO (REST OF THE WORLD)
Table 8 GLOBAL ABLATION DEVICES MARKET BY VENDOR RANKING, 2016
Table 9 ABBOTT LABORATORIES: PRODUCT OFFERINGS
Table 10 ABBOTT LABORATORIES: RECENT DEVELOPMENTS
Table 11 ANGIODYNAMICS, INC.: PRODUCT OFFERINGS
Table 12 ANGIODYNAMICS, INC.: RECENT DEVELOPMENTS
Table 13 BOSTON SCIENTIFIC CORP.: PRODUCT OFFERINGS
Table 14 BOSTON SCIENTIFIC CORP.: RECENT DEVELOPMENTS
Table 15 JOHNSON & JOHNSON: PRODUCT OFFERINGS
Table 16 JOHNSON & JOHNSON: RECENT DEVELOPMENTS
Table 17 MEDTRONIC PLC: PRODUCT OFFERINGS
Table 18 MEDTRONIC PLC: RECENT DEVELOPMENTS
Table 19 STRYKER CORP.: SNAPSHOT
Table 20 STRYKER CORP.: RECENT DEVELOPMENTS
Table 21 ATRICURE, INC.: SNAPSHOT
Table 22 ATRICURE, INC.: RECENT DEVELOPMENTS
Table 23 SMITH & NEPHEW PLC: SNAPSHOT
Table 24 SMITH & NEPHEW PLC: RECENT DEVELOPMENTS
Table 25 GALIL MEDICAL INC.: SNAPSHOT
Table 26 CONMED CORP.: SNAPSHOT
Table 27 OLYMPUS CORP.: SNAPSHOT
Table 28 OLYMPUS CORP.: RECENT DEVELOPMENTS
Table 29 MEDWAVES, INC.: SNAPSHOT

LIST OF CHARTS

Chart 1 ABLATION DEVICES MARKET SEGMENTATION BY PRODUCT TYPE
Chart 2 PEST ANALYSIS OF GLOBAL ABLATION DEVICES MARKET
Chart 3 RESEARCH METHODOLOGY OF GLOBAL ABLATION DEVICES MARKET
Chart 4 GLOBAL MEDICAL DEVICES MARKET SEGMENTATION
Chart 5 GLOBAL ABLATION DEVICES MARKET REVENUE, 2016–2023 ($MILLION)
Chart 6 PORTER 5 FORCES ON GLOBAL ABLATION DEVICES MARKET
Chart 7 MARKET DYNAMICS: DRO ANALYSIS
Chart 8 DRO – IMPACT ANALYSIS OF GLOBAL ABLATION DEVICES MARKET
Chart 9 KEY STAKEHOLDERS
Chart 10 GLOBAL ABLATION DEVICES MARKET BY PRODUCT TYPE SEGMENTATION, 2016 (%)
Chart 11 GLOBAL ABLATION DEVICES MARKET BY PRODUCT TYPE SEGMENTATION, 2023 (%)
Chart 12 GLOBAL ABLATION DEVICES MARKET ATTRACTIVENESS BY PRODUCT TYPES, 2016
Chart 13 GLOBAL GENERATORS/ELECTROSURGICAL UNITS MARKET BY REVENUE, 2016–2023 ($MILLION)
Chart 14 GLOBAL ABLATION CATHETERS MARKET BY REVENUE, 2016–2023 ($MILLION)
Chart 15 GLOBAL CONSUMABLES MARKET BY REVENUE, 2016–2023 ($MILLION)
Chart 16 GLOBAL ABLATION DEVICES MARKET SEGMENTATION SHARE BY PRODUCT TYPE, 2016–2023 ($MILLION)
Chart 17 GLOBAL ABLATION DEVICES MARKET SEGMENTATION SHARE BY PRODUCT TYPE, 2016–2023 (%)
Chart 18 GLOBAL ABLATION DEVICES SEGMENTATION BY TECHNOLOGY, 2016 (%)
Chart 19 GLOBAL ABLATION DEVICES MARKET BY END-USER SEGMENTATION, 2016 (%)
Chart 20 GLOBAL ABLATION DEVICES MARKET BY GEOGRAPHICAL SEGMENTATION, 2016 (%)
Chart 21 GLOBAL ABLATION DEVICES MARKET BY GEOGRAPHICAL SEGMENTATION, 2023 (%)
Chart 22 ABLATION DEVICES MARKET REVENUE IN NORTH AMERICA, 2016–2023 ($MILLION)
Chart 23 ABLATION DEVICES MARKET REVENUE IN THE EUROPE REGION, 2016–2023 ($MILLION)
Chart 24 ABLATION DEVICES MARKET REVENUE IN THE APAC REGION, 2016–2023 ($MILLION)
Chart 25 ABLATION DEVICES MARKET REVENUE IN REST OF THE WORLD, 2016–2023 ($MILLION)
Chart 26 GLOBAL ABLATION DEVICES MARKET SEGMENTATION BY REGIONS, 2016–2023 ($MILLION)
Chart 27 GLOBAL ABLATION DEVICES MARKET SEGMENTATION BY REGIONS, 2016–2023 (%)
Chart 28 ABBOTT LABORATORIES: OVERVIEW SNAPSHOT
Chart 29 ABBOTT LABORATORIES: BUSINESS UNITS
Chart 30 ABBOTT LABORATORIES: GEOGRAPHICAL PRESENCE
Chart 31 ABBOTT LABORATORIES: SWOT ANALYSIS
Chart 32 ANGIODYNAMICS, INC.: OVERVIEW SNAPSHOT
Chart 33 ANGIODYNAMICS, INC.: BUSINESS UNITS
Chart 34 ANGIODYNAMICS, INC.: GEOGRAPHICAL PRESENCE
Chart 35 ANGIODYNAMICS, INC.: SWOT ANALYSIS
Chart 36 BOSTON SCIENTIFIC CORP.: OVERVIEW SNAPSHOT
Chart 37 BOSTON SCIENTIFIC CORP.: BUSINESS UNITS
Chart 38 BOSTON SCIENTIFIC CORP.: GEOGRAPHICAL PRESENCE
Chart 39 BOSTON SCIENTIFIC CORP.: SWOT ANALYSIS
Chart 40 JOHNSON & JOHNSON: OVERVIEW SNAPSHOT
Chart 41 JOHNSON & JOHNSON: BUSINESS UNITS
Chart 42 JOHNSON & JOHNSON: GEOGRAPHICAL PRESENCE
Chart 43 JOHNSON & JOHNSON: SWOT ANALYSIS
Chart 44 MEDTRONIC PLC: OVERVIEW SNAPSHOT
Chart 45 MEDTRONIC PLC: BUSINESS UNITS
Chart 46 MEDTRONIC PLC: GEOGRAPHICAL PRESENCE
Chart 47 MEDTRONIC PLC: SWOT ANALYSIS


More Publications