Global Endometrial Ablation Market: Snapshot
With the rising prevalence of gynecology disorders, such as polycystic ovarian disease (PCOD), abnormal vaginal bleeding, the global adoption of endometrial ablation procedures has increased significantly, leading to an impressive rise in the worldwide endometrial ablation market. Apart from this, the upswing in the incidence rate of cervical and endometrial cancer in women is also driving the growth of this market substantially across the world.
Over the forthcoming years, the growing awareness among consumers regarding the benefits of endometrial ablation procedures, such as cost efficiency, minimal invasiveness, and shorter hospital stay, is projected to fuel the demand for these procedures considerably, reflecting positively on this market. However, the stringent regulatory laws and regulations for clinical trials, product designing, and commercialization may create trouble for the market players in the near future.
On the whole, the global market for endometrial ablation, which was worth US$0.8 bn in 2015, is expected to progress at a CAGR of 5.50% between 2016 and 2024 and reach US$1.3 bn by the end of 2024.
Radiofrequency Endometrial Ablation Devices to Continue Witnessing High Demand
Cryoablation device, hydrothermal ablation device, electrical ablation device, microwave endometrial ablation device, thermal balloon ablation device, radiofrequency endometrial ablation device, hysteroscopy device, and several other devices, such as ultrasound transducers and laser ablation device are the main products available in the global market for endometrial ablation.
Among these, radiofrequency endometrial ablation devices witnesses a higher demand than other devices and are expected to remain so, occupying nearly 58% of the overall market by the end of the forecast period. The ease of usage, cost benefits, and short surgical procedures have increased the popularity of microwave endometrial ablation devices, which is likely to reflect greatly on their adoption in the near future.
Asia Pacific to Provide Highly Lucrative Opportunities to Participants
In terms of geography, the global market for endometrial ablation is classified into Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific. With a well-established healthcare infrastructure and easy access to healthcare facilities, the market for endometrial ablation in North America is expected to remain leading the overall market throughout the forecast period. By 2024, this regional market is expected to account for a share of nearly 44%.
On the other hand, Asia Pacific is likely to provide more lucrative opportunities to market players over the forthcoming years. The significant rise in the prevalence of gynecological disorders due to low awareness and hygiene and high unmet medical needs are anticipated to drive the demand for endometrial ablation procedures in this region in the years to come. Japan, India, and China are expected to lead the Asia Pacific endometrial ablation market over the next few years.
The global market for endometrial ablation is fragmented and highly competitive in nature. At the forefront of this market are Hologic Corp., Boston Scientific Corp., Cooper Surgical Inc., Ethicon Inc. (Johnson & Johnson), Medtronic Plc, Olympus Corp., Minerva Surgical Inc., Smith & Nephew Plc, Karl Storz GmbH & Co. KG, Richard Wolf GmbH, and AngioDynamics Inc.
Global Endometrial Ablation Market: Overview
This report on the global endometrial ablation market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. A detailed qualitative analysis of factors responsible for driving and restraining market growth and future opportunities has been provided in the market overview section. This section of the report also includes market attractiveness analysis that provides a thorough analysis of the overall competitive scenario in the global endometrial ablation market.
Market revenue in terms of US$ Mn for the period between 2014 and 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all the segments, considering 2015 as the base year. Market size estimations involved in-depth study of services and product features of different types of services. Additionally, market related factors such as increasing preference for technologically advanced services, product innovation, and increasing prevalence of cancer and other chronic diseases in various geographies and historical year-on-year growth have been taken into consideration while estimating the market size.
Global Endometrial Ablation Market: Research Methodology
The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases.
The report provides market size in terms of US$ Mn for each segment for the period from 2014 to 2024, considering the macro and micro environmental factors. Growth rates for each segment within the global endometrial ablation market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.
Endometrial Ablation Market: Segmentation
Based on devices type, the global endometrial ablation market has been segmented into – cryoablation electrical ablation, hydrothermal ablation, hysteroscopy devices, microwave endometrial ablation, radiofrequency endometrial ablation, thermal balloon ablation, others (ultrasound transducers, laser ablation, etc.). On the basis of end user, the market has been segmented hospitals, clinics, ambulatory surgical centers and others.
Geographically, the global endometrial ablation market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, the regions have been further segmented by major countries from each region. These include the U.S., Canada, the U.K., Germany, France, Italy, Spain, China, Japan, India, Saudi Arabia, South Africa, Brazil, and Mexico.
Endometrial Ablation Market: Competitive Landscape
The report also profiles major players in the endometrial ablation market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include Boston Scientific Corporation, Hologic Corporation, Olympus Corporation, Minerva Surgical, Inc., Smith & Nephew, Plc., The Cooper Companies, Inc. (Cooper Surgical Inc.), KARL STORZ GmbH & Co. KG, Richard Wolf GmbH, Ethicon, Inc. (Johnson & Johnson), Medtronic plc and AngioDynamics Inc.
The global endometrial ablation market has been segmented as follows:
Global Endometrial Ablation Market, by Device Type
- Electrical Ablation
- Hydrothermal Ablation
- Hysteroscopy Devices
- Microwave Endometrial Ablation
- Radiofrequency Endometrial Ablation
- Thermal Balloon Ablation
- Others (Ultrasound Transducers, Laser Ablation, etc.)
Global Endometrial Ablation Market, by End User
- Ambulatory Surgical Centers
Global Endometrial Ablation Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa