According to the latest report published by Credence Research, Inc. “Ablation Devices Market (Electrical, Radiofrequency, Cryoablation, Radiation, Laser, Ultrasound, Microwave & Hydrothermal Ablation; Device Types & Applications) : Growth, Future Prospects & Competition Assessment, 2016-2023,” the global ablation devices market was valued at USD10.6 Bn in 2015, and is expected to reach USD21.3 Bn by 2023, expanding at a CAGR of 9% from 2016 to 2023. Browse the full report Ablation Devices Market - Growth, Future Prospects, Competition Assessment, 2016–2023 report at http://www.credenceresearch.com/report/ablation-devices-market

1. Global Ablation Devices Market To Reach Worth USD 21.3 Bn
By 2023: Credence Research
According to the latest report published by Credence Research, Inc. “Ablation Devices Market (Electrical,
Radiofrequency, Cryoablation, Radiation, Laser, Ultrasound, Microwave & Hydrothermal Ablation; Device
Types & Applications) : Growth, Future Prospects & Competition Assessment, 2016-2023,” the global
ablation devices market was valued at USD10.6 Bn in 2015, and is expected to reach USD21.3 Bn by 2023,
expanding at a CAGR of 9% from 2016 to 2023.
Browse the full report Ablation Devices Market - Growth, Future Prospects, Competition Assessment,
2016–2023 report at http://www.credenceresearch.com/report/ablation-devices-market
Market Insights
Ablation is a minimally invasive therapeutic procedure used for destruction and dissection ofdiseased
tissue. Ablation is commonly used for treatment of conditions such as cancer, ophthalmic disorders
urologic diseases, gynecological conditions and orthopedic disorders. Based on device type, this report
categorizes ablation devices market into generators, catheters and probes, and disposables and
accessories. Generators due to their higher prices and augmenting installation base is the largest device
segment in the market.
The overall ablation devices market is technologically driven. Other major drivers of this market are
growing incidence of chronic target diseases such as cancer and CVD, technological advancements,
growing demand for minimally invasive procedures, and rapid growth in the pool of high-risk geriatric
population. Conversely, stringent approval requirements and high cost of equipment are the major set of
challenges faced towards the market progression. Ablation devices market is highly competitive with
existence of a multitude of players closely competing to augment their foothold in the market.
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market
Among the energy types used for delivering ablation, radiofrequency is the most sought technology and
has the highest number of products commercially available. Other key segments include ultrasound
ablation, laser ablation and electrical ablation. High safety of RF ablation is the key factor contributing to
the dominance of RF ablation devices in the global market. However, with the emergence of novel
technologies such as cryoablation and microwave ablation, the demand for RF ablation will experience a
slight competition, yet not a complete upset in the overall market situation. The growth of microwave

2. ablation segment is high primarily due to high successful treatment outcomes in cancer and efficiency in
producing larger ablation zones as against RF ablation.
Ablation devices are widely used in cardiovascular applications, and their demand in cardiology is
anticipated to further grow during the forecast period. Domination of this segment is due to perpetual
growth in incidence of cardiovascular diseases such as atrial fibrillation worldwide and introduction of
novel ablation techniques for atrial fibrillation treatment. North America and Europe together are the
largest regional markets for ablation devices. Favorable reimbursement scenario, early product
introductions, better awareness and high incidence of chronic diseases are the key factors that drive the
dominance of North America and Europe on the global front. On the other hand, growing government
healthcare expenditure, rapid evolution of healthcare infrastructure and proliferation of medical tourism
will render the swift market growth in Asia Pacific.
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This market is highly competitive and is characterized by presence of several existing players and
continuous influx of new market entrants. The existing players are increasingly focusing their growth
strategies towards establishing their foothold in emerging markets of Asia Pacific and Middle East and
Africa. Key players in the global ablation devices market are but not limited to Medtronic, Inc., St. Jude
Medical, Inc., Boston Scientific Corporation, AngioDynamics, Olympus Corporation, Atricure, Smith &
Nephew PLC and others.
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