(PharmaNewsWire.Com, January 09, 2018 ) 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.
Latin America Tumor Ablation market is driven by factors such as growing aging population across the regions, increasing incidence of cancer and technological advancements in the field of ablation. Growing demand for minimally invasive cancer treatment procedures and increasing awareness about the benefits of ablation procedures over the conventional surgical procedures are also adding to the market growth. However challenges related to ablation procedures and stringent regulatory guidelines are hindering the growth of the market.
Latin America tumor ablation market is segmented into technology treatment and application. Based on technology the market is sub-segmented as Radiofrequency Ablation Devices, Microwave Ablation Devices, Cryoablation Devices and other Ablation Devices. Radiofrequency devices is the dominating segment accounting for a share of about 35% attributed to its crucial role in solid tumour removal in the body.
On the basis of treatment the Latin America tumor market is segmented into Surgical Ablation, Laparoscopic Ablation and Percutaneous Ablation. Surgical Procedures segment accounted for a significant share of around 37% owing to increasing prevalence of various forms of cancers. By application Latin America tumor ablation market is segmented as Liver Cancer, Breast Cancer, Lung Cancer, Prostrate Metastasis and other cancer.
Based on geography Latin America Tumor Ablation market is analyzed under various regions namely Brazil, Argentina and Mexico. Latin America is a promising region for the growth of the tumor ablation market due to rising prevalence of cancer in this region. Within Latin America, Brazil is the largest market due to increasing healthcare spending.
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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