Product ID: SQMIG35A2603
Report ID:
SQMIG35A2603 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|
Tables:
96 |
Figures:
76
Ablation Devices Market Driver
One of the major reasons contributing to the total market share is patient preference for minimally invasive procedures over open surgery. In recent years, there has been a significant growth in the popularity and acceptability of minimally invasive therapies due to shorter hospital stays, faster recovery, and less discomfort as compared to traditional procedures. Furthermore, the rising frequency of atrial fibrillation in the general population will increase the number of cardiac ablation surgeries. The minimally invasive ablation method for atrial fibrillation provides optimum effectiveness, low risk, and more patient convenience. As a result, the rising benefits of less invasive treatment techniques with ablation device adoption will boost the ablation devices market over the forecast period.
Ablation Devices Market Restraint
The lack of effective conventional first-line medicines for the treatment of liver cancer, uterine fibroids, hemorrhagic stroke, and other hemorrhagic disorders is a significant market limitation. For example, therapies such as surgery, chemotherapy, and radiation therapy are preferred in cancer treatment due to high public awareness of traditional cancer treatments, low adoption of advanced treatment options (particularly in developing countries), and oncologists' reluctance to abandon traditional treatment options.
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REQUEST FREE CUSTOMIZATIONAblation Devices Market size was valued at USD 7.93 billion in 2019 and is poised to grow from USD 8.6 billion in 2023 to USD 16.99 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).
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Product ID: SQMIG35A2603