What is the global market size of Oncology Ablation Market?

Oncology Ablation Market was valued at USD 1.15 billion in 2021, and it is expected to reach a value of USD 2.81 billion by 2028, at a CAGR of 13.6% over the forecast period (2022-2028).

Global Oncology Ablation Market Size, Share, Growth Analysis, By Technology(Radiofrequency Ablation, Microwave Ablation), By Treatment(Surgical Ablation, Laparoscopic Ablation), By Application(Kidney Cancer, Liver Cancer) - Industry Forecast 2024-2031

Report ID: SQSG35B2038 | Region: Global | Published Date: April, 2024
Pages: 225 | Tables: 93 | Figures: 67

Global Oncology Ablation Market Dynamics

Oncology Ablation Market Driver

Increasing Demand for Advanced Oncology Ablation

The demand for advanced tumour ablation techniques is anticipated to increase throughout the forecast period as surgeons and patients become more inclined toward minimally invasive procedures due to the advantages of quick recovery, patient comfort, and shorter recovery times.

Oncology Ablation Market Restraint

Complexities of Ablation Treatment to Hamper Market

For many solid organ cancers, tumour ablation therapy is becoming a more realistic treatment option. Complexities could increase along with the number of processes. Blood loss and wounds to the target organ are the most frequent side effects of ablation. These side effects are categorized as per their related threat. Side effects linked with these operations can hinder the market growth.

Global Oncology Ablation Market Report Snapshots

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Oncology Ablation Market was valued at USD 1.15 billion in 2019, and it is expected to reach a value of USD 2.81 billion by 2031, at a CAGR of 13.6% over the forecast period (2024-2031).

Global Oncology Ablation Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Angiodynamics (Covidien)', 'Boston Scientific Corporation', 'Medtronic Plc', 'Ethicon, Inc.', 'Galil Medical Inc.', 'Misonix Inc.', 'HealthTronics', 'Mermaid Medical', 'Theraclion', 'Chongqing Haifu Medical Technology Co., Ltd.', 'HS Hospital Service S.P.A'

Increasing Demand for Advanced Oncology Ablation

Cooled Radiofrequency Probes Gaining Traction

North America dominated the global market with a revenue share of over 30.1% in 2021. Government support for high-quality healthcare, high purchasing power parity, the availability of reimbursements, and the rising incidence of cancer are some of the main drivers of this region’s growth. The Patient Protection and Affordable Care Act (PPACA), for instance, lowers the cost of healthcare for both individuals and the government in the United States by promoting the quality and accessibility of healthcare through health coverage policies. Another important growing component is the precision medicine project, which develops personalised solutions for particular illness characteristics. Therefore, it is projected that such government initiatives will enhance the healthcare system as a whole, thereby spurring market growth.

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Global Oncology Ablation Market Size, Share, Growth Analysis, By Technology(Radiofrequency Ablation, Microwave Ablation), By Treatment(Surgical Ablation, Laparoscopic Ablation), By Application(Kidney Cancer, Liver Cancer) - Industry Forecast 2024-2031

Global Oncology Ablation Market Dynamics

Global Oncology Ablation Market Report Snapshots

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