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Ablation Devices Market Size

Report ID: GMI3419
Published Date: Mar 2023
Report Format: PDF

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Ablation Devices Market Size

Ablation Devices Market size garnered over USD 8.6 billion in revenues in 2022 and is predicted to exhibit above 9% CAGR from 2023 to 2032. A noticeable surge in the incidences of chronic diseases worldwide is one of the key factors contributing to the growing demand for ablation devices.

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The rapid adoption of an unhealthy lifestyle, excessive tobacco and alcohol intake, smoking habits, substance abuse, high caffeine consumption, and others have resulted in the growing prevalence of several chronic disorders. According to the World Health Organization estimates, tobacco-related cardiac diseases claim the lives of more than 1.9 million individuals globally every year. The commendable rise in disease burden has aggravated the number of patients undergoing treatment across healthcare settings, which, in consequence, has benefited the market progress.

Ablation Devices Market Report Attributes
Report Attribute	Details
Base Year:	2022
Ablation Devices Market Size in 2022:	USD 8.6 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	9%
2032 Value Projection:	USD 21.9 Billion
Historical Data for:	2018 to 2022
No. of Pages:	195
Tables, Charts & Figures:	285
Segments covered:	Technology, Application, End-use, and Region
Growth Drivers:	Increasing prevalence of chronic diseases Technological advancements in ablation devices Rising demand for minimally invasive procedures Growing geriatric population base
Pitfalls & Challenges:	High risk associated with ablation procedures Stringent regulatory approvals

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Minimally invasive procedures have gained significant popularity over the years due to the involvement of fewer complications and smaller surgical incisions. These procedures ensure efficient post-surgical pain management, reduced hospital stays, faster recovery, and better prognosis than traditional interventions. Several advancements in minimally invasive surgeries are projected to accelerate industry trends.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for ablation devices was worth more than USD 8.6 billion in 2022 and is estimated to expand at over 9% CAGR between 2023 and 2032, given the remarkable growth in the burden of chronic diseases worldwide.

Radiofrequency devices segment is set to exhibit over 8.5% CAGR from 2023 to 2032, attributed to the widespread utilization of radiofrequency devices in a variety of healthcare applications, including oncology, cardiology, cosmetology, gynecology, and pain management.

Hospitals segment of the ablation devices market is primed to garner USD 11.3 billion in revenue by 2032, owing to the high incidence rate of ablation procedures taking place across these establishments.

Major companies in the ablation devices industry are Abbott Laboratories, AngioDynamics, Atricure Inc., Alcon Laboratories, Bausch & Lomb Incorporated, Biotronik SE & Co. KG, CONMED Corporation, Elekta AB., Olympus Corporation, Varian, Ethicon, Inc (Johnson & Johnson), Medtronic plc, Boston Scientific Corporation, and others.