Global Tumor Ablation Market: Snapshot

The tumor ablation market is showcasing an enormous potential for growth across the world. The alarming increase in the incidence of cancer and, particularly, the rising prevalence of tumor in humans. The continual advancements in ablation technology, leading to the increased development of new and innovative products that are the safe, efficient, and have minimal side effects., are also boosting the growth of the global market for tumor ablation significantly.

Going forward, the growing cases of bile duct cancer and primary liver cancer are anticipated to drive this market substantially over the forthcoming years. Along with this, the rise in the geriatric population base and the escalating consumption of alcohol and smoking are also projected to propel this market in the near future. The worldwide market for tumor ablation offered an opportunity worth US$702.9 mn in 2015, which is likely to increase to US$1.9 bn by 2024, expanding at a CAGR of 12.20% over the period from 2016 to 2024.

tumor ablation market


Increasing Popularity of Radiofrequency Ablation to Ensure its Dominance

Based on technology, the global market for tumor ablation has been categorized into radiofrequency ablation, microwave ablation, cryoablation, high-intensity focused ultrasound, and laser interstitial thermal ablation. Among these, the radiofrequency ablation technology segment has been leading the global market in terms of revenue. Expanding at a CAGR of 10.90% between 2016 and 2024, the segment is likely to maintain its lead in this market in the near future.

The growing awareness about the benefits of tumor ablation through radiofrequency, such as its efficiency, less risk of tissue damage, and faster recovery, is likely to fuel its demand substantially over the next few years. The fact that the patient requires going through only one treatment session for tumor destruction when radiofrequency ablation technology is used, is adding significantly to its popularity, which is also anticipated to push its adoption rate upwards in the years to come. Apart from this, the uptake of microwave technology for tumor ablation is also increasing considerably, which is expected to reflect positively on the market share of this segment over the forthcoming years.

Technological Advancements to Propel North America Tumor Ablation Market

Geographically, the worldwide market for tumor ablation has been classified into Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. In 2015, North America dominated the overall market with a share of 30% due to the early adoption of the treatment procedure. The regional market is likely to remain on the top over the forthcoming years, thanks to the technological advancements, rising base of geriatric population, and the high prevalence of cancer.

Europe stood second in the global tumor ablation market in 2015. Driven by the increasing tobacco and alcohol consumption, rise in research activity, presence of a large base of the geriatric population, and the growing awareness among consumers, the Europe market for tumor ablation is anticipated to retain its position in the years to come.

Among other regional markets for tumor ablation, Asia Pacific is predicted to present the most promising growth opportunities in the near future on the ground of soaring unmet medical needs, rising medical expenditures in emerging economies, rapidly expanding capital in research and development in medical and healthcare, and the increasing focus of global players on this region.

EDAP TMS S.A., St. Jude Medical Inc., BVM Medical Ltd., SonaCare Medical LLC, AngioDynamics Inc., Boston Scientific Corp., BTG International Ltd., Integra LifeSciences Holdings Corp., and Medtronic plc. are some of the key enterprises functional in the global tumor ablation market.

Global Tumor Ablation Market: Overview

Tumor ablation is the removal of the tumor cells or tissue with minimally invasive procedure. Tumor ablation devices are consists of an applicator (catheter), which is introduced into the tumor under imaging guidance. For tumor ablation procedure Ultrasound (US) or Magnetic Resonance Imaging (MRI), Computed Tomography (CT), is used to guide and position the needle probe into the tumor. A detailed overview of market dynamics, including the drivers, restraints, and opportunities of the market, has been provided in this report. Market revenue for all the above mentioned segments, and their sub segments has been provided for the forecast period of 2016-2024, considering 2015 as the base year, and 2014 as the historical year, along with compound annual growth rate (CAGR %), for the forecast period of 2016-2024. Market share estimations were based on in-depth analysis and study of products, and their features, prices etc.

This report provides in-depth analysis of the market. The stakeholders for this report include companies involved in the manufacturing of ablation devices and its spares parts. For providing a snapshot of this market to the stakeholders, executive summary section is included in this report, which summarizes the market size, trends and competition in different regions. Market share analysis among the market players is analyzed to signify percentage share of the major players operating in the tumor ablation market. Furthermore, the report incorporates market attractiveness analysis by geography that depicts the most attractive and significant region in the global market in 2015.

The research methodology is a combination of primary and secondary research. Primary research includes information collected via e-mails, and telephonic interviews of Key Opinion Leaders (KOL), and forms the bulk of our research. Secondary research includes information collected from various sources, by study of company websites, annual reports, stock analysis presentations, press releases, and various national and international databases.  

Global Tumor Ablation Market: Segmentation

Based on technology, global market is segmented on the basis of technology are radiofrequency ablation, microwave ablation, Cryoablation, high-intensity focused ultrasound, laser interstitial thermal ablation, and others. Based on disease indication, the market are segmented into liver cancer, lung cancer, kidney cancer, bone cancer, breast cancer, prostate cancer, and others. End users in the tumor ablation market are, hospitals, cancer specialty clinics, and others (long term care center, research, academics, nursing facility, etc.)

Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The regions are further segmented into major countries which include, U.S., Canada, Germany, U.K., France, Spain, Italy, Russia, rest of Europe, India, China, Japan, Australia and New Zealand, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, GCC countries, South Africa and Rest of Middle East and Africa.

Companies Mentioned in the Report

The report also comprises list major players in the market, their SWOT analysis, market share of these players in the tumor ablation, key business strategies, product portfolios, and recent developments. Key market players profiled in this report include, Medtronic plc, Integra LifeSciences Holdings Corporation, BTG International Ltd, Boston Scientific Corporation, AngioDynamics, Inc., SonaCare Medical, LLC., BVM Medical Limited, St. Jude Medical, Inc., and EDAP TMS S.A.

The global tumor ablation market has been segmented as follows:

By Technology

  • Radiofrequency Ablation
  • Microwave Ablation
  • Cryoablation
  • High-Intensity Focused Ultrasound
  • Laser Interstitial Thermal Ablation
  • Others

By Material

  • Liver cancer
  • Lung cancer
  • Kidney cancer
  • Bone cancer
  • Breast cancer
  • Prostate cancer
  • Others

By End Users

  • Hospitals
  • Cancer Specialty Clinics
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Russia 
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC countries
    • South Africa
    • Rest of MEA