Global Laparoscopic Ablation Devices Market Introduction

Laparoscopic ablation is a minimally invasive surgery performed to remove or destroy abnormal tissue growth on various vital organs in the abdominal cavity. The abnormal tissues formed on vital organs such as kidney, stomach, spleen, pancreas, and liver cause chronic pain, abnormal organ activities, and create other health complications. Different types of laparoscopic ablation techniques are used to remove abnormal tissues such as radiofrequency technique, wherein tissue is destroyed or removed with the help of heat, extreme cold (cryoablation), and microwave ablation. Laparoscopic ablation devices have wide applications in oncology, urology, gynecology, neurology, and gastroenterology. Laparoscopic ablation technique offers several value added advantages over conventional surgical procedures such as minimum post-operative pain, early recovery, and shorter hospital stays.

Global Laparoscopic Ablation Devices Market - Competitive Landscape

The global laparoscopic ablation devices market is highly consolidated, with small number of players holding majority share. Development and commercialization of laparoscopic systems and devices is one of the key trends among players in the global laparoscopic ablation devices market.

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Boston Scientific Corporation

Boston Scientific Corporation develops, manufactures, and markets medical devices utilized in a broad range of interventional procedures worldwide. The company offers more than 13,000 products in medical specialties such as urology, cardiology, pulmonology, neurology, gynecology, orthopedic, interventional radiology, and vascular surgery. It is one the global leaders in the development of laparoscopic devices and holds significant share of the global laparoscopic ablation devices market.

C. R. Bard, Inc. (Becton, Dickinson and Company)

C. R. Bard, Inc. is a leading global medical devices company that develops and manufactures medical technologies in the vascular, oncology, urology, and surgical specialties. The company launched 38 products in 2015, which was the result of its extensive R&D activities. It markets products and services in over 100 countries through a wide distribution channel and employs more than 16,000 people across the globe.

Ethicon US, LLC (Johnson & Johnson)

Ethicon US, LLC is a fully-owned subsidiary of Johnson & Johnson. The company develops, manufactures, markets, and distributes surgical as well as medical devices across various medical specialties. Ethicon US, LLC markets its products and technologies in the following medical specialty: colorectal surgery, hepato biliary surgery, thoracic surgery, orthopedic surgery, gynecological, and hernia surgery.

Other prominent players operating in the global laparoscopic ablation devices market include Medtronic plc, B. Braun Melsungen AG, Olympus Corporation, Stryker Corporation, KARL STORZ SE & Co. KG, and CONMED Corporation.

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Laparoscopic Ablation Devices Market - Dynamics

High Prevalence and Incidence Rates of Cancer and Endometriosis to Drive Market

The global laparoscopic ablation devices market is primarily driven by high prevalence of cancer of pancreas, liver, lungs, and uterine. According to the World Cancer Research Fund, around 2 million cases of lung cancer were reported across the globe in 2018. According to the American Cancer Society, of the total number of cancer patients diagnosed every year in the U.S., around 13% had lung cancer. Moreover, the National Cancer Institute estimated that around 145,000 new colorectal cancer cases are likely to be diagnosed in 2019 and around 51,020 deaths are expected to occur in 2019. Hence, high prevalence of lung cancer and cancer of other abdominal organs is likely to fuel the growth of the global laparoscopic ablation devices market during the forecast period.

Moreover, significantly large proportion of endometriosis in women across the globe is projected to be one of the major drivers of the global laparoscopic ablation devices market from 2019 to 2027. For instance, endometriosis affects an estimated 1 in 10 women during their reproductive years, which accounts for around 176 million women across the globe.

Global Laparoscopic Ablation Devices Market - Segmentation

In terms of technique, the global laparoscopic ablation devices market can be classified into:

  • Radiofrequency Ablation
  • Thermal Ablation
  • Cryoablation
  • Others

Based on application, the global laparoscopic ablation devices market can be categorized into:

  • Cancer
  • Cardiovascular Procedures
  • Urological Procedures
  • Gynecological Procedures
  • Neurological Procedures
  • Others

In terms of end-user, the global laparoscopic ablation devices market can be divided into:

  • Hospitals
  • Ambulatory Surgery Centers
  • Specialty Clinics

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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