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Thyroid Ablation Devices Market Trends

Report ID: GMI9576
Published Date: May 2024
Report Format: PDF

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Thyroid Ablation Devices Market Trends

Continuous innovation in medical technology has led to the development of more sophisticated and effective thyroid ablation devices. Advances such as improved imaging guidance systems, better energy delivery mechanisms (e.g., more precise radiofrequency or laser systems), and enhanced safety features have significantly increased the efficacy and safety profiles of these devices.
Such technological improvements make ablation devices more appealing to both practitioners and patients, stimulating their increased use in clinical settings.
Further, public health initiatives and awareness campaigns have increased screening and early detection of thyroid disorders, especially in high-risk groups such as women and older adults. This leads to earlier diagnosis and a greater demand for effective treatments.
Thyroid ablation devices, favored for their efficacy, safety, and minimally invasive nature, are increasingly sought after. This heightened awareness and proactive screening significantly boost market growth.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Thyroid ablation devices industry size was USD 214.1 million in 2023 and is projected to expand at 9.9% CAGR from 2024 to 2032, due to the rising incidences of thyroid cancer and detection of thyroid nodules.

The radiofrequency ablation segment in the thyroid ablation devices industry is projected to reach USD 265.8 million by 2032, owing to the increasing prevalence of thyroid disorders, particularly among the aging population.

The thermal-based devices segment in the thyroid ablation devices industry recorded USD 145.8 million in 2023 and is estimated to witness robust growth between 2024 and 2032, on account of their ability to provide precise, targeted ablation with minimal impact on healthy tissue.

U.S. thyroid ablation devices industry size is projected to be worth USD 180.5 million by 2032, led by the growing aging population with thyroid disorders.