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Tumor Ablation Market, By Product (Cryoablation, Radiofrequency, and Microwave Ablation), By Treatment Type (Laparescopic, Surgical and Percutaneous), By Application and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

149 Pages | Published Date : 20 / 02 / 19  | Report Code: AV222 | Report Format: PDF

REPORT HIGHLIGHT

Tumor ablation market was valued at USD 897.1 million by 2017, growing with 10.9% CAGR during the forecast period, 2018-2025.

Tumor ablation is a minimally invasive procedure which is majorly used to treat tumors present in kidney, liver, bone, and lungs. In tumor ablation, tissues are cooled or heated to less than -40°C or more than 60°C using thermal energy. The success rate of complete small liver cancer through this process is more than 85%. This treatment is a good option for those patients who failed during radiotherapy or chemotherapy.

Market Dynamics

The growing number of cancer patients worldwide support industry growth significantly. As per the World Health Organization (WHO), cancer has taken the life of 9.6 million people in 2018. Tumor ablation is quite effective in cases when the abnormal cell is not bigger than 3cms. This technology doesn’t have any side effect and the patient doesn’t require hospitalization. No large incisions are involved in tumor ablation which results in less recovery time.

Excellent growth has been observed in the global market owing to the increasing awareness regarding the benefits of tumor ablation devices over surgical and other conventional techniques. Geriatric population, rise in cancer cases, economical treatment options are some of the other factors to fuel the demand for this technology across the globe. It is anticipated that the tumor ablation market size will reach worth USD 2.10 billion by 2025 with a CAGR of 10.9%.

Product Takeaway

The market is classified into four types namely cryoablation, radiofrequency, microwave and other ablation technologies. Currently, the radiofrequency market is on the rise because of its targeted treatment without causing any damage to surrounding healthy cells. This product segment is accounted for over 35% revenue share of the overall market. Whereas microwave ablation category is anticipated to rise during the study period because of the rise in private funding for the development of this technology coupled with growing adoption by healthcare professionals. In addition, this product segment is gradually picking up the pace owing to the emergence of robot-assisted technique. The global demand for microwave ablation is expected to rise with a CAGR of 15.3% between 2017-2025.

Application Takeaway

Based on application, the industry is bifurcated as liver, breast, lung, prostate, and other types. In terms of market size, liver cancer is accounted for the highest revenue share of the global market. According to the American Institute of Cancer Research (AICR), there were over 840,000 new cases of liver cancer in 2018. Such an increasing disease rate is directing patients’ focus towards this new technique of ablation. On contrary, lung cancer is projected to grow with a strong growth rate in the coming years. The main reason for the growth of this application segment is the rising consumption of alcohol and cigarette.

Regional Takeaway

North America is dominating the tumor ablation market owing to the increasing demand for minimally invasive surgeries. In terms of revenue, North America contributed $360.8 billion in 2017 and it is anticipated that this growth will increase with a CAGR of 10.5% during the forecast period. Asia-Pacific is the rapidly growing region due to the increase in the count of cancer patients, and favorable government support.

Key Vendor Takeaway

Companies like Galil Medical, Misonix, HealthTronics, Covidien plc, Boston Scientific, Medtronic plc, SonaCare Medical, and Neuwave Medical are the key players in this sector. This market has come up with numerous opportunities for vendors and is characterized by the participation of both local and multinational vendors.

Many strategies like new product launch and technological advancements are adopted by these companies to retain their position in the current market. For example, BARRX Medical Inc. is acquired by Covidien plc and this acquisition resulted in goodwill generation for the company. Similarly, Galil Medical has come up with a new family of cryoablation needles namely IcePearl 2.1CX, IceFORCE 2.1 CX. These products launch will add value to the company’s portfolio.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government Agencies
  • Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

  • Cryoablation
  • Radiofrequency Ablation
  • Microwave Ablation

MARKET, BY APPLICATION

  • Liver Cancer
  • Breast Cancer
  • Lung Cancer
  • Prostate Cancer
  • Bone Metastasis
  • ENT Cancer

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. TUMOR ABLATION MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. TUMOR ABLATION KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. TUMOR ABLATION INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. TUMOR ABLATION MARKET LANDSCAPE
5.1. Market Share Analysis
6. TUMOR ABLATION MARKET – BY PRODUCT
6.1. Overview
6.2. Cryoablation
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Radiofrequency Ablation
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Microwave Ablation
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. TUMOR ABLATION MARKET – BY APPLICATION
7.1. Overview
7.2. Liver Cancer
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Breast Cancer
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Lung Cancer
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Prostate Cancer
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.6. Bone Metastasis
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.7. ENT Cancer
7.7.1. Overview
7.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. TUMOR ABLATION MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. KEY VENDOR ANALYSIS
9.1. Galil Medical, Inc.
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. Misonix, Inc.
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. HealthTronics
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. Angiodynamics
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. Covidien plc
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
9.6. Boston Scientific Corporation
9.6.1. Company Overview
9.6.2. SWOT Analysis
9.6.3. Key Developments
9.7. Medtronic Plc.
9.7.1. Company Overview
9.7.2. SWOT Analysis
9.7.3. Key Developments
9.8. SonaCare Medical
9.8.1. Company Overview
9.8.2. SWOT Analysis
9.8.3. Key Developments
9.9. EDAP TMS S.A.
9.9.1. Company Overview
9.9.2. SWOT Analysis
9.9.3. Key Developments
9.10. Neuwave Medical, Inc.
9.10.1. Company Overview
9.10.2. SWOT Analysis
9.10.3. Key Developments
*Client can request additional company profiling as per specific requirements
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Tumor Ablation Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Tumor Ablation Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Tumor Ablation Market, by Application, 2014 – 2025 (USD Billion)
Table 12 Tumor Ablation Market, by Geography, 2014 – 2025 (USD Billion)
Table 13 North America Tumor Ablation Market, 2014 – 2025 (USD Billion)
Table 14 U.S. Tumor Ablation Market, 2014 – 2025 (USD Billion)
Table 15 Canada Tumor Ablation Market, 2014 – 2025 (USD Billion)
Table 16 Europe Tumor Ablation Market, 2014 – 2025 (USD Billion)
Table 17 France Tumor Ablation Market, 2014 – 2025 (USD Billion)
Table 18 Germany Tumor Ablation Market, 2014 – 2025 (USD Billion)
Table 19 Asia Pacific Tumor Ablation Market, 2014 – 2025 (USD Billion)
Table 20 China Tumor Ablation Market, 2014 – 2025 (USD Billion)
Table 21 India Tumor Ablation Market, 2014 – 2025 (USD Billion)
Table 22 Latin America Tumor Ablation Market, 2014 – 2025 (USD Billion)
Table 23 MEA Tumor Ablation Market, 2014 – 2025 (USD Billion)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Tumor Ablation Market, by Product, 2014 – 2025 (USD Billion)
Figure 6 Tumor Ablation Market, by Application, 2014 – 2025 (USD Billion)
Figure 7 Tumor Ablation Market, by Geography, 2014 – 2025 (USD Billion)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
– The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
– Thorough analysis of relevant statistical data to estimate the market paradigms
– Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
– Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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