(PharmaNewsWire.Com, December 21, 2017 ) Tumor Ablation is the removal of the tumor from the surface by vaporization, chipping or other erosive processes. This is a minimally invasive surgical method to treat solid cancers. Devices for tumor ablation consists of an applicator, which is used for the tumor under imaging guidance and for tumor ablation procedure, Ultrasound or Magnetic Resonance Imaging and Computed Tomography which is used to guide and position the needle probe into the tumor.
Global Tumor Ablation Market: Drivers & Restraints
Increasing prevalence and incidences of cancers, the continual advancements in ablation technology, increasing geriatric population, increased development of new and innovative products, increasing numbers of hospitals and healthcare awareness, short recovery time and minimal hospital stays are driving the growth of the market. However, cost effectiveness, side effects associated with ablation treatment and limited performance of the devices are the factors restraining the growth of global tumour ablation device market.
In Tumour Ablation Devices Market, the lung cancer application segment is expected to grow at the highest CAGR in the forecast period due to large patient population of lung cancer present across the world. This made the investment of manufacturers to develop and commercialize innovative lung cancer ablation products. Microwave ablation product segment is anticipated to grow significantly due to increase in adoption rate of microwave ablation devices by healthcare professionals. The radiofrequency ablation is used technique due to specificity of treating target tissue without causing damage to the surrounding cells.
Global Tumor Ablation Market: Region-wise Outlook
On the basis of geography global tumor Ablation market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America dominated the industry with over 33% owing to its advanced healthcare infrastructure. Rising prevalence of cancer in this region is a major driving factor for the industry in this region. Asia Pacific is estimated to be the fastest growing region during the forecast period due to huge population base and favourable economic developments in the region.
Key Questions Answered
What is the current and future tumor Ablation Market outlook in the world? What trends are affecting the global market?
What is the competitive landscape and market share of major players in the Global Tumor Ablation Market?
What are the key market segments that currently occupy the highest market share? Which market segments are growing the fastest?
What challenges are restraining the growth of the Global Tumor Ablation Market? How will emerging technologies answer these challenges?
What is physician perception and market outlook of Tumor ablation?
Global Tumor Ablation Market: Key Players
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.
Reasons to buy Global Tumor Ablation Market Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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