(PharmaNewsWire.Com, January 26, 2017 ) According to the report Tumor Ablation, published by Market Data Forecast, the global market is projected to reach USD 681.79 million by 2021, at a CAGR of 12.7% from 2016 to 2021
Tumors are the group of abnormal cells that accumulate together and form lumps. Tumor ablation is a minimally invasive procedure used to destroy cancer cells in the chest, lung and liver. Rising Prevalence of cancer is proportional to the growth of Tumor Ablation Market. According to the recent statistics published by the WHO, cancer accounts for 13% of the deaths worldwide. Cancer incidence is expected to increase by 70% over the next couple of decades.
Growing geriatric population across the globe, increasing number of people affected with cancer, technological advancements in the field of ablation are the major driving factors for the global tumor ablation market. However therapeutic challenges related to ablation procedures and stringent regulatory guidelines leading to increase in gestation period of product launches are hindering the growth of the market.
Global Tumor Ablation Market is segmented By Technology • Radiofrequency Ablation Devices, • Microwave Ablation Devices, • Cryoablation Devices and • other Ablation Devices By Treatment • Surgical Ablation, • Laparoscopic Ablation and • Percutaneous Ablation By Application • Liver Cancer, • Breast Cancer, • Lung Cancer, • Prostrate Metastasis and • other cancer By Geography • North America • Europe • Asia-Pacific • Latin America • Middle-East & Africa
Some of the key companies dominating the market include Medtronic Plc., Boston Scientific Corporation, Angiodynamics, Mermaid Medical, HealthTronics, Galil Medical Inc., EDAP TMS S.A., SonaCare Medical, Misonix, Inc. and Neuwave Medical, Inc.
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