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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Tumor Ablation Market Analysis
The market is driven by the rising prevalence and incidence of cancer which necessitates the development of effective treatment interventions for the huge patient base. The global burden of cancer is primarily contributed by the rise in the geriatric population and increased exposure to risk factors. With estimates predicting more than 35 million new cancer cases by 2050 , the tumor ablation market value is expected to witness significant growth in the forecast period.
One of the major market trends is the rapid technological advancement in the field of tumor ablation, encouraged by investments from the key market players. Moreover, the robust financial support from the government is helping to sustain the ongoing research initiatives aimed at improving patient outcomes via innovative tumor ablation procedures. Moreover, the inclination of patients for less invasive treatment options is a significant trend accelerating market growth.
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
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124