Tumor Ablation Market Emerging Trends 2022-28

 The global tumor ablation market size was valued at USD 620.71 million in 2021, growing at a CAGR of 13.2% during the forecast period 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Tumour Ablation Market By Function (Automated/Robotic ablation, Conventional ablation devices), By Technology (Hyperthermic ablation, Radiofrequency ablation, Microwave ablation, Laser ablation, Ultrasound ablation, Cryoablation), By Application (Primary lung cancer, Metastatic diseases, Pain palliation), By End User (Hospitals, Oncology institutes, Diagnostic s centres) - Global/Region/Country Forecast to 2028.”

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Improved healthcare expenditure is projected to drive the Tumor Ablation Market:
Tumor ablation method helps to treat solid tumors in which special probes are used for freezing cancers without the usual surgery. It is a minimally invasive surgical method. This method is guided by the help of MRI Scan, ultrasound and CT scan to place and locate the needle probe into the tumor which needs a small hole of 3mm diameter to introduce the probe. When the probe is within the cancer, it is attached to a generator which burns and freezes cancer. Liver cancer, lung cancer and renal cancer are the most common cancers treated by such method. Innovations like image-guided procedures, high intensity focused ultrasound and irreversible electroporation are increasing the demand for adaptation of tumor ablation.

Leading factors that are attributing for the tumor ablation market growth are growing ageing population and increase in the number of cancer patients. Cancer accounts for thirteen percent of deaths worldwide every year according to the WHO statistics. In addition, seventy percent increase in the cancer cases is expected over the next couple of decades. The worldwide aged population is projected to almost double from 12 percent to 22 percent from 2015 to 2022. Moreover, there are a few factors such as increase in the government support and advanced technologies in ablation devices, growing consciousness and improved healthcare expenditure anticipated to fuel the tumor ablation market growth globally. But, prolonged time of approvals for product introduction and cost containment measures and strict regulatory framework are anticipated to hinder the tumor ablation market growth.

North America accounted for major share in the Tumor Ablation Market:
North America witnesses the biggest share in tumor ablation market followed by Europe due to the increase in government funds for cancer research, high prevalence and incidence of major cancers such as liver, kidney and bone metastasis and increasing inclination towards minimally invasive procedures to treat cancer. Asia Pacific is expected to experience the considerable growth during the forecast time span due to the increase in economic developments in economies such as India and China, growing population pool and improved healthcare infrastructure.

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A few major players operating in the tumor ablation market which include Boston Scientific Corporation (U.S.), Angiodynamics, Inc. (U.S.), BTG International Ltd (UK), Healthtronics, Inc. (U.S.), Medtronic, Plc (U.S.), EDAP TMS S.A. (France), Mermaid Medical, Inc. (Denmark) and Neuwave Medical, Inc. (U.S.).

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