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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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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