Thermal Ablation Devices Market Trends, Industry & Size 2030

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Segments - Thermal Ablation Devices Market by Type (Interstitial Probes, Grounded Probes, Needle Applications, Radiofrequency Ablation, Hydrothermal Ablation, Microwave Ablation), Applications (Hospitals, Ambulatory Surgical Centers (ASCs), and Clinics) And Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : V. Chandola

Editor : Vishal Golekar

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Report Description

The global thermal ablation devices market size is expected to expand at a CAGR of 6.7% during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for minimally invasive procedures.

Thermal Ablation Devices Market Key Takeaways

Thermal ablation refers to the destruction of tissue by extreme hyperthermia (elevated tissue temperatures) or hypothermia (depressed tissue temperatures). The thermal ablation devices such as radiofrequency (RF) ablation has become a common preference for remodeling or rebuilding of the tissues without vaporizing the major structures. Currently, the devices that come under a range of the thermal ablation devices are RF, laser, microwave and high-intensity focused ultrasound (HIFU) technologies, which are used in the treatment of benign prostatic hyperplasia (BPH), cancer/tumor ablation.

Market Drivers, Restraints, Trends, and Opportunities

Rising prevalence of atrial fibrillation and cancer are encouraging the adoption of thermal ablation devices, driving the growth of the market.
The emergence of next-generation thermal ablation products and technologies such as radiofrequency ablation, smart catheters, and microwave ablation is anticipated to fuel the growth of the market.
Growing prevalence of diseases such as cancer and BPH is driving the market growth.
Favorable reimbursement scenario, safety associated with thermal ablation procedures, and improving economic condition are speculated to propel the growth of the thermal ablation devices market.
High cost of thermal ablation devices and development of advanced alternative therapeutics can hinder the market growth.
Increasing technological advancements in thermal ablation systems is anticipated to propel the market growth.

Scope of the Report

The report on the thermal 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	Details
Report Title	Thermal Ablation Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Type (Interstitial Probes, Grounded Probes, Needle Applications, Radiofrequency Ablation, Hydrothermal Ablation, Microwave Ablation) and Applications (Hospitals, Ambulatory Surgical Centers (ASCs), and Clinics)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Medtronic, Inc., Biosense Webster, Inc., St. Jude Medical, Inc., Boston Scientific Corporation, and AtriCure, Inc., CONMED Corporation, AngioDynamics, Inc., Smith & Nephew plc , and Olympus Corporation.

Global Thermal Ablation Devices Market Insights

Radiofrequency ablation segment to account a large market share
Based on types, the market is categorized as interstitial probes, grounded probes, needle applications, radiofrequency ablation, hydrothermal ablation, microwave ablation. The radiofrequency ablation segment is estimated to account for a large market share during the forecast period. Low cost of radiofrequency ablation procedures as compared to other ablation techniques coupled with its high safety, efficacy, and short procedural duration for the treatment of cancer, atrial fibrillation, and pain management is driving the market segment.

Microwave ablation treatment has achieved high success in cancer treatment and offer advantages of RF ablation, as it can produce larger ablation zones. This factor is anticipated to drive the segment growth.

Thermal Ablation Devices Market By Types

Hospitals segment to exhibit a high CAGR
Based on applications, the market is segregated into hospitals, ambulatory surgical centers (ASCs), and clinics. Increasing adoption of thermal ablation devices in hospitals is driving the growth of the market segment. The hospitals segment is projected to expand at a high CAGR of 6.7% during the forecast period.

Europe is projected to account a considerable market share
On the basis of regions, the market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to dominate the global thermal ablation devices market owing to growing healthcare expenditure and rising investment on improvement of healthcare facilities in the region. However, the market in Asia Pacific is expected to expand at a high CAGR owing to large patient pool and growing investment in the healthcare industry.

Segments

Segments Covered in the Report
The global market for thermal ablation devices has been segmented on the basis of

Types

Interstitial Probes
Grounded Probes
Needle Applications
Radiofrequency Ablation
Hydrothermal Ablation
Microwave Ablation

Application

Hospitals
Ambulatory Surgical Centers (ASCs)
Clinics

Regions

Asia Pacific
North America
Latin America
Europe
Middle East
Africa

Key players

Medtronic, Inc.
Biosense Webster Inc.
St. Jude Medical, Inc.
Boston Scientific Corporation
AtriCure, Inc.
CONMED Corporation
AngioDynamics, Inc.
Smith & Nephew plc
Olympus Corporation

Competitive Landscape

Some of the leading manufacturers in the global market for thermal ablation devices are Medtronic, Inc., Biosense Webster, Inc., St. Jude Medical, Inc., Boston Scientific Corporation, and AtriCure, Inc., CONMED Corporation, AngioDynamics, Inc., Smith & Nephew plc, and Olympus Corporation.

Companies are focusing on partnering with hospitals and clinics to expand their market share.

Thermal Ablation Devices Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal 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. Thermal 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. Thermal Ablation Devices Market - Supply Chain
  4.5. Global Thermal Ablation Devices Market Forecast
     4.5.1. Thermal Ablation Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Thermal Ablation Devices Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Thermal Ablation Devices Market Absolute $ Opportunity
5. Global Thermal 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. Thermal Ablation Devices Market Size and Volume Forecast by Types
     5.3.1. Interstitial Probes
     5.3.2. Grounded Probes
     5.3.3. Needle Applications
     5.3.4. Radiofrequency Ablation
     5.3.5. Hydrothermal Ablation
     5.3.6. Microwave Ablation
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Thermal 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. Thermal Ablation Devices Market Size and Volume Forecast by Applications
     6.3.1. Hospitals
     6.3.2. Ambulatory Surgical Centers (ASCs)
     6.3.3. Clinics
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Thermal Ablation Devices Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Thermal Ablation Devices Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Thermal Ablation Devices Demand Share Forecast, 2019-2026
8. North America Thermal Ablation Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Thermal Ablation Devices Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Thermal Ablation Devices Market Size and Volume Forecast by Types
     8.4.1. Interstitial Probes
     8.4.2. Grounded Probes
     8.4.3. Needle Applications
     8.4.4. Radiofrequency Ablation
     8.4.5. Hydrothermal Ablation
     8.4.6. Microwave Ablation
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Thermal Ablation Devices Market Size and Volume Forecast by Applications
     8.7.1. Hospitals
     8.7.2. Ambulatory Surgical Centers (ASCs)
     8.7.3. Clinics
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Thermal Ablation Devices Demand Share Forecast, 2019-2026
9. Latin America Thermal 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
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Thermal Ablation Devices Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Thermal Ablation Devices Market Size and Volume Forecast by Types
     9.4.1. Interstitial Probes
     9.4.2. Grounded Probes
     9.4.3. Needle Applications
     9.4.4. Radiofrequency Ablation
     9.4.5. Hydrothermal Ablation
     9.4.6. Microwave Ablation
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Thermal Ablation Devices Market Size and Volume Forecast by Applications
     9.7.1. Hospitals
     9.7.2. Ambulatory Surgical Centers (ASCs)
     9.7.3. Clinics
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Thermal Ablation Devices Demand Share Forecast, 2019-2026
10. Europe Thermal 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. Europe Average Pricing Analysis
  10.2. Europe Thermal Ablation Devices Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Thermal Ablation Devices Market Size and Volume Forecast by Types
     10.4.1. Interstitial Probes
     10.4.2. Grounded Probes
     10.4.3. Needle Applications
     10.4.4. Radiofrequency Ablation
     10.4.5. Hydrothermal Ablation
     10.4.6. Microwave Ablation
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Thermal Ablation Devices Market Size and Volume Forecast by Applications
     10.7.1. Hospitals
     10.7.2. Ambulatory Surgical Centers (ASCs)
     10.7.3. Clinics
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Thermal Ablation Devices Demand Share Forecast, 2019-2026
11. Asia Pacific Thermal 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. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Thermal Ablation Devices Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Thermal Ablation Devices Market Size and Volume Forecast by Types
     11.4.1. Interstitial Probes
     11.4.2. Grounded Probes
     11.4.3. Needle Applications
     11.4.4. Radiofrequency Ablation
     11.4.5. Hydrothermal Ablation
     11.4.6. Microwave Ablation
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Thermal Ablation Devices Market Size and Volume Forecast by Applications
     11.7.1. Hospitals
     11.7.2. Ambulatory Surgical Centers (ASCs)
     11.7.3. Clinics
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Thermal Ablation Devices Demand Share Forecast, 2019-2026
12. Middle East & Africa Thermal 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. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Thermal Ablation Devices Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Thermal Ablation Devices Market Size and Volume Forecast by Types
     12.4.1. Interstitial Probes
     12.4.2. Grounded Probes
     12.4.3. Needle Applications
     12.4.4. Radiofrequency Ablation
     12.4.5. Hydrothermal Ablation
     12.4.6. Microwave Ablation
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Thermal Ablation Devices Market Size and Volume Forecast by Applications
     12.7.1. Hospitals
     12.7.2. Ambulatory Surgical Centers (ASCs)
     12.7.3. Clinics
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Thermal Ablation Devices Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Thermal Ablation Devices Market: Market Share Analysis
  13.2. Thermal Ablation Devices Distributors and Customers
  13.3. Thermal Ablation Devices Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Medtronic, Inc.
     13.4.2. Biosense Webster Inc.
     13.4.3. St. Jude Medical, Inc.
     13.4.4. Boston Scientific Corporation
     13.4.5. AtriCure, Inc.
     13.4.6. CONMED Corporation
     13.4.7. AngioDynamics, Inc.
     13.4.8. Smith & Nephew plc
     13.4.9. Olympus Corporation