Report Description
North America Ablation Devices Market Outloook
The North America Ablation Devices Market size was valued at USD 3.33 Billion in 2022 and is expected to surpass USD 8.45 Billion by 2031, expanding at a CAGR of 10.9% during the forecast period, 2023–2031. The growth of the market is attributed to rising incidence of diseases such as cancer and cardiac ailments.
Ablation is a procedure to treat atrial fibrillation means removal of a body parts or tissues or even its function. It is performed by surgery, hormones, drugs, and heat. This procedure can use either freezing cold liquid or hot liquids, which can help the heart maintain a normal heart rhythm.
Microwave ablation, high energy radiofrequency ablation, thermal balloon ablation, laser ablation, and cryoablation are some commonly used methods in ablation therapy.
North America Ablation Devices Market Trends, Drivers, Restraints, and Opportunities
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Increasing number of people suffering from long-term diseases is projected to boost the market growth in the coming years.
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Rising economy in developed and developing technologies is expected to spur the market growth during the forecast period.
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Growing support from the government through investments is anticipated to drive the market growth during the forecast period.
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Rising number of the aging population is projected to boost the market growth in the coming years.
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Increasing gestation period for product launches can create challenges for the market growth.
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High cost of ablation procedures is estimated to restrict the market growth.
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Lack of reimbursement in some areas can restrain the market growth.
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Increasing demand for minimally invasive surgical procedures has led to new opportunities in the market.
Scope of Ablation Devices Market Report
The report on the North America ablation devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Ablation Devices Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Radiofrequency Devices, Laser/Light Ablation, Ultrasound Devices, Cryoablation Devices, and Others), Applications (General Surgeries, Cardiovascular Disease Treatments, Cancer Treatments, Ophthalmological Treatments, Gynecological Treatments, Urological Treatments, Cosmetic Surgeries, and Others), and End-users (Hospitals, Ambulatory Surgical Centers, and Others)
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Geography
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The US, Canada, and Mexico
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Abbott; AngioDynamics, Inc.; AtriCure, Inc.; Boston Scientific Corporation; BTG plc; Conmed Corporation; Johnson and Johnson; Medtronic PLC; Olympus Corporation; and Smith & Nephew PLC.
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North America Ablation Devices Market Segment Insights
Laser/light ablation segment to hold a significant market share
On the basis of types, the market is divided into radiofrequency devices, laser/light ablation, ultrasound devices, cryoablation devices, and others. The radiofrequency devices segment is anticipated to hold a key share of the market in the coming years due to minimal costs associated with ablation procedures.
However, the laser/light ablation devices segment is anticipated to expand at a rapid pace during the forecast period due to increasing number of surgeries.
Cancer treatments segment is projected to expand at a considerable CAGR
Based on applications, the market is segregated into general surgeries, cardiovascular disease treatments, cancer treatments, ophthalmological treatments, gynecological treatments, urological treatments, cosmetic surgeries, and others.
The cardiovascular disease treatments segment is expected to represent a key share of the market in the upcoming years due to increasing risk of cardiac arrest and growing demand to promote new technologies.
On the other hand, the cancer treatments segment is anticipated to expand at a rapid pace during the forecast period owning to rising requirement to improve healthcare infrastructure.
Ambulatory surgical centers segment to hold a significant market share
On the basis of end-users, the market is divided into hospitals, ambulatory surgical centers, and others. The ambulatory surgical centers segment is anticipated to hold a key share of the market in the coming years due to lower infection rates compared to hospitals and lower costs. However, the hospitals segment is anticipated to expand at a rapid pace during the forecast period.
North America Ablation Devices Market Regional Outlook
Canada is estimated to account a major market share
In terms of regions, the market is classified as the US, Canada, and Mexico. The US is expected to constitute a key share of the market during the projected period due to increasing healthcare centers with the new ablation technology. However, the market in Canada is anticipated expand at a rapid pace during the forecast period owing to increasing geriatric population.
Segments
Types
- Radiofrequency Devices
- Laser/Light Ablation
- Ultrasound Devices
- Cryoablation Devices
- Others
Applications
- General Surgeries
- Cardiovascular Disease Treatments
- Cancer Treatments
- Ophthalmological Treatments
- Gynecological Treatments
- Urological Treatments
- Cosmetic Surgeries
- Others
End-users
- Hospitals
- Ambulatory Surgical Centers
- Others
Geography
Key Players
- Abbott
- AngioDynamics, Inc.
- AtriCure, Inc.
- Boston Scientific Corporation
- BTG plc
- Conmed Corporation
- Johnson and Johnson
- Medtronic PLC
- Olympus Corporation
- Smith & Nephew PLC
Competitive Landscape
Key players competing in the North America ablation devices market includes Abbott; AngioDynamics, Inc.; AtriCure, Inc.; Boston Scientific Corporation; BTG plc; Conmed Corporation; Johnson and Johnson; Medtronic PLC; Olympus Corporation; and Smith & Nephew PLC.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ablation Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ablation Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ablation Devices Market - Supply Chain
4.5. Global Ablation Devices Market Forecast
4.5.1. Ablation Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ablation Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Ablation Devices Market Absolute $ Opportunity
5. Global Ablation Devices Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Ablation Devices Market Size and Volume Forecast by Types
5.3.1. Radiofrequency Devices
5.3.2.
Laser/Light Ablation
5.3.3.
Ultrasound Devices
5.3.4.
Cryoablation Devices
5.3.5.
Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Ablation Devices Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Ablation Devices Market Size and Volume Forecast by Applications
6.3.1. General Surgeries
6.3.2.
Cardiovascular Disease Treatments
6.3.3.
Cancer Treatments
6.3.4.
Ophthalmological Treatments
6.3.5.
Gynecological Treatments
6.3.6.
Urological Treatments
6.3.7.
Cosmetic Surgeries
6.3.8.
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Ablation Devices Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Ablation Devices Market Size and Volume Forecast by End Users
7.3.1. Hospitals
7.3.2.
Ambulatory Surgical Centers
7.3.3.
Others
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Ablation Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ablation Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ablation Devices Demand Share Forecast, 2019-2026
9. North America Ablation Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ablation Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ablation Devices Market Size and Volume Forecast by Types
9.4.1. Radiofrequency Devices
9.4.2.
Laser/Light Ablation
9.4.3.
Ultrasound Devices
9.4.4.
Cryoablation Devices
9.4.5.
Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Ablation Devices Market Size and Volume Forecast by Applications
9.7.1. General Surgeries
9.7.2.
Cardiovascular Disease Treatments
9.7.3.
Cancer Treatments
9.7.4.
Ophthalmological Treatments
9.7.5.
Gynecological Treatments
9.7.6.
Urological Treatments
9.7.7.
Cosmetic Surgeries
9.7.8.
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Ablation Devices Market Size and Volume Forecast by End Users
9.10.1. Hospitals
9.10.2.
Ambulatory Surgical Centers
9.10.3.
Others
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Ablation Devices Demand Share Forecast, 2019-2026
10. Latin America Ablation Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ablation Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ablation Devices Market Size and Volume Forecast by Types
10.4.1. Radiofrequency Devices
10.4.2.
Laser/Light Ablation
10.4.3.
Ultrasound Devices
10.4.4.
Cryoablation Devices
10.4.5.
Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Ablation Devices Market Size and Volume Forecast by Applications
10.7.1. General Surgeries
10.7.2.
Cardiovascular Disease Treatments
10.7.3.
Cancer Treatments
10.7.4.
Ophthalmological Treatments
10.7.5.
Gynecological Treatments
10.7.6.
Urological Treatments
10.7.7.
Cosmetic Surgeries
10.7.8.
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Ablation Devices Market Size and Volume Forecast by End Users
10.10.1. Hospitals
10.10.2.
Ambulatory Surgical Centers
10.10.3.
Others
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Ablation Devices Demand Share Forecast, 2019-2026
11. Europe Ablation Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ablation Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ablation Devices Market Size and Volume Forecast by Types
11.4.1. Radiofrequency Devices
11.4.2.
Laser/Light Ablation
11.4.3.
Ultrasound Devices
11.4.4.
Cryoablation Devices
11.4.5.
Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Ablation Devices Market Size and Volume Forecast by Applications
11.7.1. General Surgeries
11.7.2.
Cardiovascular Disease Treatments
11.7.3.
Cancer Treatments
11.7.4.
Ophthalmological Treatments
11.7.5.
Gynecological Treatments
11.7.6.
Urological Treatments
11.7.7.
Cosmetic Surgeries
11.7.8.
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Ablation Devices Market Size and Volume Forecast by End Users
11.10.1. Hospitals
11.10.2.
Ambulatory Surgical Centers
11.10.3.
Others
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Ablation Devices Demand Share Forecast, 2019-2026
12. Asia Pacific Ablation Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ablation Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ablation Devices Market Size and Volume Forecast by Types
12.4.1. Radiofrequency Devices
12.4.2.
Laser/Light Ablation
12.4.3.
Ultrasound Devices
12.4.4.
Cryoablation Devices
12.4.5.
Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Ablation Devices Market Size and Volume Forecast by Applications
12.7.1. General Surgeries
12.7.2.
Cardiovascular Disease Treatments
12.7.3.
Cancer Treatments
12.7.4.
Ophthalmological Treatments
12.7.5.
Gynecological Treatments
12.7.6.
Urological Treatments
12.7.7.
Cosmetic Surgeries
12.7.8.
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Ablation Devices Market Size and Volume Forecast by End Users
12.10.1. Hospitals
12.10.2.
Ambulatory Surgical Centers
12.10.3.
Others
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Ablation Devices Demand Share Forecast, 2019-2026
13. Middle East & Africa Ablation Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Ablation Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ablation Devices Market Size and Volume Forecast by Types
13.4.1. Radiofrequency Devices
13.4.2.
Laser/Light Ablation
13.4.3.
Ultrasound Devices
13.4.4.
Cryoablation Devices
13.4.5.
Others
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Ablation Devices Market Size and Volume Forecast by Applications
13.7.1. General Surgeries
13.7.2.
Cardiovascular Disease Treatments
13.7.3.
Cancer Treatments
13.7.4.
Ophthalmological Treatments
13.7.5.
Gynecological Treatments
13.7.6.
Urological Treatments
13.7.7.
Cosmetic Surgeries
13.7.8.
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Ablation Devices Market Size and Volume Forecast by End Users
13.10.1. Hospitals
13.10.2.
Ambulatory Surgical Centers
13.10.3.
Others
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Ablation Devices Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Ablation Devices Market: Market Share Analysis
14.2. Ablation Devices Distributors and Customers
14.3. Ablation Devices Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. Abbott
14.4.2.
AngioDynamics, Inc.
14.4.3.
AtriCure, Inc.
14.4.4.
Boston Scientific Corporation
14.4.5.
BTG plc
14.4.6.
Conmed Corporation
14.4.7.
Johnson and Johnson
14.4.8.
Medtronic PLC&a