The global ablation technology market is projected to reach USD 9.62 billion by 2029 from USD 6.11 billion in 2024, at a CAGR of 9.5% from 2024 to 2029. Increasing risk for targeted diseases, supportive regulatory standards, and strategic partnerships and collaborations have driven demand for ablation technology market.
Scope of the Report
Years Considered for the Study
2022-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
Technology, Product, Application, End User, and Region
Regions covered
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
"The radiofrequency ablation segment of technology segment held the largest share of the market in 2023"
The ablation technology market is segmented based on technology into radiofrequency ablation, laser/light ablation, ultrasound ablation, electrical ablation, cryoablation, microwave ablation, pulsed field ablation and hydrothermal/hydromechanical ablation. Increasing demand for cardiac and tumor ablation procedures, growing awareness for early diagnosis, and technological advancements contributes to the largest share for this segment.
"The consumable segment of product segment held the largest share of the market in 2023"
The ablation technology market is segmented based on product into systems and consumables. Large share of consumables segment is supported by rising adoption of ablation systems in the end user facilities. Consumables need to be replaced for each procedure ensuring the patient safety. Extended application areas such as aesthetics, pain management, recent technological advancements, and strict regulatory policies to ensuring patient safety contribute to the highest share of the segment.
"The cardiovascular disease treatment segment for application segment held the largest share of the market in 2023".
Based on application, the ablation technology market is segmented by application into cardiovascular disease treatment, cancer treatment, orthopedic treatment, cosmetic/aesthetic treatment, urological treatment, gynecological treatment, pain management, ophthalmological treatment and other applications. Cardiovascular disease treatment segment held largest share of the segment in 2023. Improved success rate of ablation treatment for CVD and emerging technologies in ablation drives the segment growth.
"The Ambulatory surgery centers segment for the end user segment is projected to register a significant CAGR during the forecast period."
The ablation technology market is segmented by end user into hospitals, surgical centers and ablation centers, ambulatory surgery centers, medical spas and aesthetic clinics & dermatology clinics, and other end users. The hospitals, surgical centers and ablation centers segment accounted for a significant market share in 2023. Improved insurance coverage and an increase in outpatient treatments are two major factors driving the expansion of the ambulatory surgery center segment.
"The market in the Asia pacific region is expected to witness the highest growth during the forecast period."
Consistent rise in investment for healthcare services and infrastructure, especially in emerging economies, supports the rising installation of ablation systems. Key players in the market are focusing on expanding their presence in emerging countries to cater the increasing demand for ablation procedures. Moreover, the increasing number of hospitals, particularly in APAC region, increases the availability and accessibility of advanced treatment procedures, further driving the demand for ablation systems and consumables.
A breakdown of the primary participants referred to for this report is provided below:
By Company Type: Tier 1-30%, Tier 2-42%, and Tier 3- 28%
By Designation: Director-level-10%, C-level-14%, and Others-76%
By Region: North America-40%, Europe-30%, Asia Pacific-22%, Latin America-6%, and the Middle East & Africa-2%
The prominent players in the ablation technology market Johnson & Johnson (US), Medtronic (US), Boston Scientific Corporation (US), Abbott (US), Atricure, Inc. (US), AngioDynamics (US), CONMED corporation (US), Olympus (Japan) among others.
Research Coverage
This report studies the ablation technology market based on technology, product, application, end user, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions.
Reasons to Buy the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall ablation technology market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
This report provides insights on the following pointers:
Analysis of key drivers (Emerging technologies in the field of ablation, increasing demand for minimally invasive procedures, favorable reimbursement scenario in developed markets, and growing target patient population), restraints (presence of strong alternative therapies, stringent regulatory system), opportunities (growth potential in emerging countries), and challenges (focus on reuse and reprocessing of devices, therapeutic challenges and hazardous effects of ablation) influencing the growth of the ablation technology market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the ablation technology market
Market Development: Comprehensive information about lucrative markets-the report analyses the ablation technology market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ablation technology market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players - such as Johnson & Johnson (US), Medtronic (US), Boston Scientific Corporation (US), Abbott (US), Atricure, Inc. (US), AngioDynamics (US), CONMED corporation (US), Olympus (Japan) among others.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
1.4.1 SEGMENTS CONSIDERED
1.4.2 YEARS CONSIDERED
1.4.3 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources
2.1.1.2 Objectives of secondary research
2.1.2 PRIMARY DATA
2.1.2.1 Key primary sources
2.1.2.2 Objectives of primary research
2.1.2.3 Key primary insights
2.1.2.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Company revenue estimation approach
2.2.1.2 Customer-based market estimation
2.2.1.3 Growth forecast
2.2.1.4 CAGR projections
2.3 DATA TRIANGULATION
2.4 RESEARCH LIMITATIONS
2.5 MARKET SHARE ANALYSIS
2.6 STUDY ASSUMPTIONS
2.7 GROWTH RATE ASSUMPTIONS
2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ABLATION TECHNOLOGY MARKET OVERVIEW
4.2 NORTH AMERICA: ABLATION TECHNOLOGY MARKET, BY TECHNOLOGY, 2024 VS. 2029 (USD MILLION)
4.3 ASIA PACIFIC: ABLATION TECHNOLOGY MARKET, BY END USER, 2024 VS. 2029 (USD MILLION)
4.4 EUROPE: ABLATION TECHNOLOGY MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION)
4.5 GEOGRAPHIC SNAPSHOT OF ABLATION TECHNOLOGY MARKET
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Emerging ablation technologies
5.2.1.2 Increasing demand for minimally invasive procedures
5.2.1.3 Growing target patient population
5.2.1.3.1 Rapid growth in geriatric population with higher risk of targeted diseases
5.2.1.3.2 Increasing incidence of cancer and sports injuries
5.2.1.3.3 Rising prevalence of atrial fibrillation and other cardiovascular diseases
5.2.1.4 Favorable reimbursement scenario in developed markets
5.2.2 RESTRAINTS
5.2.2.1 Strong market positioning of alternative therapies
5.2.2.2 Stringent regulatory systems
5.2.3 OPPORTUNITIES
5.2.3.1 Growth potential in emerging economies
5.2.4 CHALLENGES
5.2.4.1 Focus on reuse and reprocessing of devices
5.2.4.2 Therapeutic challenges and hazardous effects of ablation
5.3 VALUE CHAIN ANALYSIS
5.3.1 RESEARCH & PRODUCT DEVELOPMENT
5.3.2 RAW MATERIAL PROCUREMENT AND MANUFACTURING
5.3.3 DISTRIBUTION, MARKETING & SALES, AND POST-SALES SERVICES
5.4 SUPPLY CHAIN ANALYSIS
5.4.1 MANUFACTURERS
5.4.1.1 Prominent companies
5.4.1.2 Small and medium-sized enterprises
5.4.2 END USERS
5.5 ECOSYSTEM ANALYSIS
5.6 REGULATORY LANDSCAPE
5.6.1 REGULATORY ANALYSIS
5.6.1.1 North America
5.6.1.1.1 US
5.6.1.1.2 Canada
5.6.1.2 Europe
5.6.1.3 Asia Pacific
5.6.1.3.1 Japan
5.6.1.3.2 China
5.6.1.3.3 India
5.6.1.4 Latin America
5.6.1.4.1 Brazil
5.6.2 REGULATORY APPROVALS
5.6.3 KEY REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.6.3.1 North America
5.6.3.2 Europe
5.6.3.3 Asia Pacific
5.6.3.4 Latin America
5.6.3.5 Middle East & Africa
5.7 REIMBURSEMENT SCENARIO ANALYSIS
5.8 INVESTMENT AND FUNDING SCENARIO
5.9 PRICING ANALYSIS
5.10 TRADE ANALYSIS
5.10.1 IMPORT DATA FOR ABLATION PRODUCTS (HS CODE 9018)
5.10.2 EXPORT DATA FOR ABLATION PRODUCTS (HS CODE 9018)
5.11 PATENT ANALYSIS
5.11.1 TOP PATENT OWNERS/APPLICANTS
5.11.2 LIST OF MAJOR PATENTS
5.12 PORTER'S FIVE FORCES ANALYSIS
5.12.1 THREAT OF NEW ENTRANTS
5.12.2 THREAT OF SUBSTITUTES
5.12.3 BARGAINING POWER OF SUPPLIERS
5.12.4 BARGAINING POWER OF BUYERS
5.12.5 INTENSITY OF COMPETITIVE RIVALRY
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.13.2 KEY BUYING CRITERIA
5.14 KEY CONFERENCES AND EVENTS, 2024-2025
5.15 CASE STUDY ANALYSIS
5.15.1 RADIOFREQUENCY ABLATION ANALYSIS CASE STUDY
5.15.2 THERMOCOOL CATHETER CASE STUDY
5.16 TECHNOLOGY ANALYSIS
5.16.1 KEY TECHNOLOGIES
5.16.1.1 Thermal ablation technology
5.16.1.2 Non-thermal ablation technology
5.16.2 COMPLEMENTARY TECHNOLOGIES
5.16.2.1 Medical cooling systems
5.16.3 ADJACENT TECHNOLOGIES
5.16.3.1 Ablation planning software
5.17 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.18 UNMET NEEDS
5.19 IMPACT OF AI/GEN AI ON ABLATION TECHNOLOGY MARKET
5.19.1 KEY USE CASES
6 ABLATION TECHNOLOGY MARKET, BY TECHNOLOGY
6.1 INTRODUCTION
6.2 RADIOFREQUENCY ABLATION
6.2.1 LOWER COST AND HIGHER EFFICACY TO PROPEL MARKET GROWTH
6.3 LASER/LIGHT ABLATION
6.3.1 LOWER RISK OF TISSUE DAMAGE AND BETTER REAL-TIME MONITORING TO AID MARKET GROWTH
6.4 ULTRASOUND ABLATION
6.4.1 HIGH INCIDENCE OF LIVER TUMORS AND CANCER TO FUEL MARKET GROWTH
6.5 ELECTRICAL ABLATION
6.5.1 INCREASING NUMBER OF CARDIAC ARRESTS TO BOOST ADOPTION
6.6 CRYOABLATION
6.6.1 FEWER COMPLICATIONS AND SHORTER PROCEDURAL TIME TO DRIVE MARKET
6.7 MICROWAVE ABLATION
6.7.1 FASTER ABLATION TIME AND LESSER PROCEDURAL PAIN TO AUGMENT MARKET GROWTH
6.8 PULSED-FIELD ABLATION
6.8.1 IMPROVED SAFETY, SHORTER PROCEDURAL TIME, AND FEWER COMPLICATIONS TO PROPEL MARKET GROWTH
6.9 HYDROTHERMAL/HYDROMECHANICAL ABLATION
6.9.1 INCREASED USAGE IN GYNECOLOGICAL DISORDERS AND MENORRHAGIA TO AID MARKET GROWTH
7 ABLATION TECHNOLOGY MARKET, BY PRODUCT
7.1 INTRODUCTION
7.2 RADIOFREQUENCY ABLATION SYSTEMS
7.2.1 TEMPERATURE-CONTROLLED RADIOFREQUENCY ABLATION SYSTEMS
7.2.1.1 Technological advancements and improved clinical outcomes to propel segment growth
7.2.2 FLUID-COOLED RADIOFREQUENCY ABLATION SYSTEMS
7.2.2.1 Rising incidence of arrhythmia and growing focus on reducing collateral tissue damage to boost demand
7.2.3 ROBOTIC CATHETER MANIPULATION SYSTEMS
7.2.3.1 Manual control of catheter movement and remote navigation to fuel segment
7.3 LASER/LIGHT ABLATION SYSTEMS
7.3.1 EXCIMER LASER ABLATION SYSTEMS
7.3.1.1 Low direct tissue interaction, precise ablation zone, and high procedural efficiency to drive adoption
7.3.2 COLD LASER ABLATION SYSTEMS
7.3.2.1 Cold laser ablator treatment to release endorphins and support pain management
7.4 ULTRASOUND ABLATION SYSTEMS
7.4.1 ULTRASONIC SURGICAL ABLATION SYSTEMS
7.4.1.1 Development of user-friendly surgical ablation systems to drive segment growth
7.4.2 HIGH-INTENSITY FOCUSED ULTRASOUND ABLATION SYSTEMS
7.4.2.1 Low procedural time and reduced bleeding to support system adoption
7.4.3 EXTRACORPOREAL SHOCK WAVE LITHOTRIPSY SYSTEMS
7.4.3.1 Growing incidence of obesity and diabetes to drive segment
7.4.4 MAGNETIC RESONANCE-GUIDED FOCUSED ULTRASOUND ABLATION SYSTEMS
7.4.4.1 Non-pregnancy safe treatment procedure to limit adoption
7.5 ELECTRICAL ABLATION SYSTEMS
7.5.1 ARGON PLASMA/BEAM COAGULATION SYSTEMS
7.5.1.1 Increased focus on treating Barrett's esophagus without dysplasia to augment segment growth
7.5.2 IRREVERSIBLE ELECTROPORATION ABLATION SYSTEMS
7.5.2.1 Selective targeting and better control to aid segment growth
7.6 CRYOABLATION SYSTEMS
7.6.1 TECHNOLOGICAL ADVANCEMENTS AND INTRODUCTION OF NEW CRYOPROBES TO AID ADOPTION
7.6.2 EPIDERMAL AND SUBCUTANEOUS CRYOABLATION DEVICES
7.7 MICROWAVE ABLATION SYSTEMS
7.7.1 PRODUCTION OF LARGE ABLATION ZONES WITHOUT HEAT-SINK EFFECT ON SURROUNDING TISSUES TO DRIVE MARKET
7.7.2 MICROWAVE THERMOTHERAPY SYSTEMS
7.8 HYDROTHERMAL/HYDROMECHANICAL ABLATION SYSTEMS
7.8.1 INCREASED NEED FOR MINIMALLY INVASIVE PROCEDURES FOR GYNECOLOGICAL DISORDERS TO SUPPORT MARKET GROWTH