Tumor Ablation Market – The Wired Media

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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Tumor Ablation Market is fragmented in nature, as it consists of many global players such as Boston Scientific Corporation (U.S.), Medtronic (U.S.), Olympus (Germany), Stryker (U.S.), and Biotronik (Germany) among others. The presence of these companies produces competitive prices for tumor ablation products across the region. Due to the presence of these players at regional and international levels, suppliers and manufacturers offer products with different specifications and characteristics in all budgets

Moreover, the rising prevalence of cancer drives the demand for tumor ablation procedures as an effective and minimally invasive treatment option. The need to address the growing incidence of cancer, coupled with advancements in imaging technologies and the preference for less invasive procedures, fuels the growth of the tumor ablation market.

Data Bridge Market Research analyzes that the global tumor ablation market is expected to reach the value of USD 4,225.84 million by 2030, at a CAGR of 13.8% during the forecast period. This market report also covers pricing analysis and technological advancements in depth.

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Market Overview:

The market includes a wide range of ablation techniques, such as radiofrequency ablation (RFA), microwave ablation (MWA), cryoablation, high-intensity focused ultrasound (HIFU), and laser ablation, among others. These techniques utilize different energy sources to deliver controlled heat, cold, or sound waves to destroy tumor cells, leading to their death and subsequent elimination by the body’s immune system.

Major Players:

Data Bridge Market Research recognizes the following companies as the market players in global tumor ablation market are Boston Scientific Corporation (U.S.), Medtronic (U.S.), Olympus (Germany), Stryker (U.S.), Biotronik.(Germany), Merit Medical Systems.(Utah), HealthTronics, Inc.(U.S.), Insightec (Israel), AngioDynamics (New York), Integra LifeSciences (U.S.), Bioventus LLC.(U.S.), Ethicon Inc.(U.S.), EDAP TMS (Auvergne-Rhône-Alpes), Sonablate Corp.(U.S.), BVM Medical (England), Terumo Europe NV (Belgium), and IceCure Medical (Israel) among others.

Market Developments:

In June 2023, Merit Medical Systems. acquired Bluegrass Vascular’s Surfacer Inside-Out Access Catheter System. This will help the company to generate more revenues
In June 2023, Sonablate Corp. was recognized as one of CEO View’s top 10 healthcare companies of the year 2023. This will help the company to establish its presence in the global tumor ablation market
In November 2022, Terumo Europe NV announced that it welcomed the positive guidance released by the National Institute for Health and Care Excellence (NICE), mentioning that microwave ablation can be used provided standard arrangements are in place for clinical governance, consent, and audit. This is positive news as it broadens access to minimally invasive alternatives to surgery available to patients with symptomatic benign thyroid nodules
In July 2022, EDAP TMS announced Focal One HIFU reimbursement raised to urology APC Level 6 under CMS Outpatient Prospective Payment System (OPPS) Proposed Rule for CY23. This helped the company to establish its global presence
In July 2021, Bioventus LLC. and Misonix announced definitive agreement for Bioventus to acquire Misonix. This helped the company to strengthen its product portfolio

Browse a Detailed Summary of Global Tumor Ablation Market Research Report @ https://www.databridgemarketresearch.com/reports/global-tumour-ablation-market?Shri

Segment Analysis:

The global tumor ablation market is segmented into five notable segments such as type, types of treatment, cancer type, end users, and distribution channel.
Based on type, the global tumor ablation market is segmented into thermal ablation, and chemical ablation
In 2023, the thermal ablation segment is expected to dominate the global tumor ablation market

In 2023, the thermal ablation segment is expected to dominate the market with a market share of 78.12% and growing with a CAGR of 13.9% in the forecast period of 2023 to 2030. It is expected to dominate the market due to its increasing demand among the population.

Based on types of treatment, the market is segmented into percutaneous, laparoscopy, and surgical. In 2023, the percutaneous segment is expected to dominate the market with a market share of 56.32%, growing with a CAGR of 14.1% in the forecast period of 2023 to 2030
Based on cancer type, the market is segmented into breast cancer, lung cancer, prostate cancer, liver cancer, kidney cancer, bone cancer, and others. In 2023, the breast cancer segment is expected to dominate the market with a market share of 33.50%, growing with a CAGR of 15.0% in the forecast period of 2023 to 2030
Based on end users the market is segmented into hospitals, oncology centers, and others. In 2023, the hospitals segment is expected to dominate the market with a market share of 53.94%, growing with a CAGR of 13.9% in the forecast period of 2023 to 2030

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Tumor Ablation Market to Observe Utmost CAGR of 13.8% by 2030