Global Ablation Devices Market was Valued at $5.25 Billion in 2020 with a CAGR of 10.8% from 2021 to 2027

Ablation devices is a minimally invasive alternative to traditional surgical treatment used in Liver, Lung, Kidney and Bone. Ablation devices is used for removal or destruction of abnormal tissue. Ablation devices can be used for the treatment of cancer and cardiovascular diseases (CVD).

Rising Incidence of Cancer and Cardiovascular Diseases along with Rising Awareness Related to Ablation Procedures has boosted the market growth.

Rising incidence of cancer and cardiovascular diseases is one of the major factor boosting the market growth. For instance, according to the World Health Organization (WHO), in 2018, around 18.1 million new cancer cases were diagnosed globally, and 9.6 million people died due to cancer. Worldwide, the total number of people alive with 5-year cancer prevalence is around 43.8 million. According to the American Cancer Society, in 2020, an estimate of new cancer cases and deaths accounts for 1.8 million new cancer cases and 606,520 cancer deaths in the United States. According to the World Health Organization (WHO), each year, more than 3.7 million new cancer cases are diagnosed, and 1.9 million people die from cancer in Europe. According to the World Health Organization (WHO), India accounts for 1.16 million new cancer cases in 2018. In 2018, around 752,000 new cancer cases were diagnosed, and 506,000 died due to cancer in sub-Saharan Africa. According to World Health Organization (WHO), Cardiovascular diseases (CVDs) are the number one cause of death globally, around 17.9 million people die due to cardiovascular diseases each year, an estimate of 31% of deaths globally. More than 75% of cardiovascular diseases deaths occur in lower and middle-income countries. Heart attack and stroke are the cause of 85% of CVD deaths globally. In Europe, 3.9 million people die due to cardiovascular disease (CVD) each year. Further, increasing clinical studies regarding ablation is a key driving factor of the market.

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Laser Ablation, Radiofrequency Ablation, Ultrasound Ablation, Cryoablation, Electrical Ablation, Microwave Ablation, and Hydrothermal Ablation is the type segment of the market scope By application, the market is divided into Cancer, Cardiovascular, Orthopedics, and Pain Management. The report covers value of the global market by type and application.

Based on type, laser ablation has shown significant growth in 2020 owing to the increasing development of new advanced laser ablation, rising R&D activities regarding laser ablation, rising investment for the development of advanced ablation, and increasing regulatory approval of laser ablation.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration at the global ablation devices value figures. While North America is further categorized into enhancing the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

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North America was dominating the ablation devices market in 2020 owing to the rising cases of cardiovascular diseases and cancer. For instance, according to the American Heart Association, each year, 720,000 incidences of heart attacks are registered in the United States. According to the Canadian Cancer Society, in 2020, an estimate of 225,800 new cancer cases was diagnosed and 83,300 cancer deaths in Canada. Moreover, the launch of new advanced ablation devices in North American region is boosting the market growth.

Major players operating in the ablation devices industry include Medtronic, Inc., Boston Scientific Corporation, Abbott Laboratories, Johnson and Johnson, Smith & Nephew plc, Olympus Corporation, Biosense Webster, Inc., CONMED Corporation, AngioDynamics, Inc., and Varian Medical Systems Inc.

The increasing commercialization of regulatory approved ablation devices, partnership between companies to develop and supply ablation devices and expand its market presence, rising investment for the development of ablation devices, and strategic acquisition between companies to expand its product portfolio for ablation devices are some of the strategies adopted by the major players.

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