Allied Market Research published a report, titled, “Tumor Ablation Market by Technology (Radiofrequency Ablation, Microwave Ablation, Cryo-Ablation, Irreversible Electroporation Ablation, and Others), Treatment (Surgical Ablation, Laparoscopic Ablation, and Percutaneous Ablation), and Application (Kidney Cancer, Liver Cancer, Breast Cancer, Lung Cancer, Prostate Cancer, and Bone Cancer): Global Opportunity Analysis and Industry Forecast, 2023–2032.”.
According to the report, the global tumor ablation market was valued at $1.4 Billion in 2022 and is estimated to reach $5.0 Billion by 2032, exhibiting a CAGR of 13.5% from 2022 to 2032.
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Report coverage & details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$1.4 Billion |
|
Market Size in 2032 |
$5.0 Billion |
|
CAGR |
13.5 % |
|
No. of Pages in Report |
240 |
|
Segments covered |
Technology, Treatment, Application, and Region. |
|
Drivers |
Increase in prevalence of cancers across the globe. Increase in demand for minimally invasive tumor ablation techniques. |
|
Opportunities |
Rise in research and development activities for tumor ablation. |
|
Restraints |
Side-effects associated with tumor ablation treatment. |
Key findings of the study
- By technology, the others segment dominated the tumor ablation market trends in 2022.
- By treatment, the surgical ablation segment was the highest contributor to the market in 2022.
- By application, the liver cancer segment dominated the market in 2022, and is expected to continue this trend during the forecast period.
- By region, North America garnered the largest revenue share in 2022. However, Asia-Pacific is expected to grow at the fastest rate during the forecast period.
Economic Downturn Analysis: Impact of Recession in 2023 on the Tumor Ablation Market
- The global recession had a significant impact on the tumor ablation market.
- The high inflation rate and the economic uncertainty have impacted the potential investment for new product development and research activities.
- However, the market for tumor ablation market is expected to recover owing to rise in the prevalence of cancer.
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Leading Market Players:
- Medtronic Plc.
- Boston Scientific Corporation
- Smith And Nephew Plc.
- Angiodynamics Inc.
- Healthtronics Inc.
- Bioventus LLC
- Johnson And Johnson
- Conmed Corporation
- Olympus Corporation
- Integra Lifesciences Holdings Corporation
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tumor ablation market analysis from 2022 to 2032 to identify the prevailing tumor ablation market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the tumor ablation market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global tumor ablation market trends, key players, market segments, application areas, and market growth strategies.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
- Which region has more opportunities?
𝐎𝐭𝐡𝐞𝐫 𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐋𝐢𝐟𝐞 𝐒𝐜𝐢𝐞𝐧𝐜𝐞 𝐃𝐨𝐦𝐚𝐢𝐧 –
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