Description
The global ablation technologies market is estimated to be USD 5.93 billion in 2014 and is expected to reach USD 10.13 billion by the end of 2019 . The CAGR during this period is estimated to be 11.25 %. Global Ablation Technologies Market-Market Dynamics The report details several factors driving and restraining the market . Some of these have been listed below . Drivers
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Contributing to the growth of the market are factors such as : Recent technological advancements and studies Ever-increasing incidence of cancer and cardiac disease population Increasing demand for ablation technologies Recent developments that have led to the reduced healthcare costs Improvement in the patient quality of life Restraints
The lack of properly skilled labor has been hindering the market growth . Along with this , the regulatory framework for the ablation technologies has been stringent across the globe and is an issue that needs to be resolved for the proper growth of the market .
The ablation technologies market is segmented into three different categories . The first segment is based on the type of technology being used in the market . These include procedures such as radiofrequency ablation , microwave ablation , electrical ablation , ultrasound , and cryoablation . Among these techniques , radiofrequency ablation is the most used technology worldwide . More than 50 % of the ablation procedures use the radiofrequency ablation techniques . The second segment explores the applications of the ablation techniques . Ablation techniques are used in surgeries involving major body organs . They are used in cardiovascular surgeries , cancer treatments , colorectal surgery , dermatology surgeries , urology and other procedures .
Geographically , the market is segmented into four regions which are North America , Europe , Asia-Pacific and Rest of the World . North America accounts for the biggest market globally . More than 55 % of the market is based out of Canada and USA . This can be attributed to the per capita income and the everrising patient population that has cancer and cardiac-related problems . Following North America , Europe is the second biggest market globally . APAC is a market with a lot of promise and potential .
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Some of the key players in the market are : Arthrex Arthro Care Corporation www . orbisresearch . com ; + 1 ( 214 ) 884-6817 ; + 9120-64101019