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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
The key market players are contributing to the tumor ablation market growth through mergers and acquisitions initiatives, innovative product launches, continuous research, and development efforts, and penetration of their offerings in the international markets.
| Company | Year Founded | Headquarters | Products/Services |
| Medtronic PLC | 1949 | Dublin, Ireland | Offers a range of ablation products, including radiofrequency ablation systems and thermosphere ablation systems. |
| Boston Scientific Corporation | 1979 | Marlborough, Massachusetts, USA | Provides various ablation solutions, including cryoablation and radiofrequency ablation (RFA). |
| Johnson & Johnson | 1886 | New Brunswick, New Jersey, USA | Through its subsidiary, Ethicon offers microwave ablation technology among other medical devices and pharmaceuticals. |
| AngioDynamics | 1988 | Latham, New York, USA | Specializes in image-guided, minimally invasive therapies, including NanoKnife for irreversible electroporation, and offers microwave and radiofrequency ablation products. |
Other key market players include EDP TMS, Mermaid Medical, CONMED Corporation, Sonablate Corporation, Integra Life Science Holding Corporation, Smith & Nephew PLC, and Olympus Corporation, among others.
Tumor Ablation Market Report Snapshots
Tumor Ablation Market Analysis
Tumor Ablation Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 1.9 billion in 2023 driven by the rising prevalence and incidence of cancer across the globe.
The market is anticipated to grow at a CAGR of 14.2% during the forecast period of 2024-2032, likely to reach a market value of USD 6.3 billion by 2032.
The inclination of patients towards less invasive treatment options is fuelling the demand for the market.
One of the significant trends in the market is the surge in approvals from regulatory bodies. In March 2024, Medtronic plc received the United States FDA 510(k) approval for OsteoCool 2.0 (a bone tumor ablation system) to treat benign bone tumors and painful bone metastases.
Based on the technology, the market is segmented into radiofrequency ablation, microwave ablation, cryoablation, HIFU, and others.
Based on the type, the market is segmented into surgical ablation, percutaneous ablation, and laparoscopic ablation.
Major end users of tumor ablation include hospitals, oncology centers, and others.
Common application areas include kidney cancer, liver cancer, breast cancer, lung cancer, prostate cancer, and bone cancer.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Key players involved in the market are Medtronic PLC, Boston Scientific Corporation, Johnson & Johnson, EDP TMS, Mermaid Medical, CONMED Corporation, Sonablate Corporation, Integra Life Science Holding Corporation, Olympus Corporation, and Smith & Nephew PLC, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124