The global tissue ablation products market reported a large market size in 2020, which is expected to expand significantly in 2028 at a rapid revenue growth rate during the forecast period.
The global tissue ablation products market reported a large market size in 2020, which is expected to expand significantly in 2028 at a rapid revenue growth rate during the forecast period. Industry analysis indicates that demand for tissue ablation products has been rising substantially, and their adoption across direct channels and distribution channels has been increasing in a parallel manner due to changing market trends and consumption patterns. These factors are expected to continue to support industry as well as market growth over the forecast period.
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Ablation is a process in medicine that removes tissues either by surgery or with less invasive techniques. It can be useful in treating a variety of medical conditions, from serious to cosmetic. It is different from resection as it doesn’t involve partial or complete removal of an organ, but removes a layer of tissue with the aim of restoring normal function. In tissue ablation, an equipped needle (probe) is inserted inside the tissue and is guided by a computer. Once the probe is at the appropriate site, electricity (RFA), radio waves, or liquid nitrogen is transmitted through the probe. This helps in destroying abnormal cells and reducing the size of tissues. Tissue ablation technique has been beneficial for individuals with small tumors and abnormal prostate and myocardial tissues.
Market Overview:
The global Tissue Ablation Products market has significantly grown over the recent past and is expected to register rapid growth over the forecast period of 2021 to 2028. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending, and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers, and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Tissue Ablation Products market is significantly driven by factors such as the increasing prevalence of chronic diseases, rapid advancements in the healthcare and medical sector, high adoption of the latest tools and techniques, and growing funds by several public and private sectors. In addition, the rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, and increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as a shortage of medicines, vaccines, and healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.
Top Companies Profiled in the Report:
- Cynosure
- Elekta
- Hologic
- Abbott Laboratories
- Medtronic
- Spectranetics
- Alcon (Novartis)
- Arthrocare (Smith & Nephew)
- Covidien
- Accuray
- Johnson & Johnson
- Biosense Webster
- Ethicon Endo-Surgery
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Tissue Ablation Products Market Segmentation:
Type Outlook (Revenue, USD Million; 2018-2028)
- Photonic/Laser-based Systems
- Microwave Ablation Systems
- Radiation Therapy Systems
- Cryotherapy Systems
- Others
Application Outlook (Revenue, USD Million; 2018-2028)
- General Surgery
- Aesthetic Surgery
- Gynaecology
- Oncology
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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