The global Ablation Technology
Market is primarily driven by high incidence of chronic illnesses,
such as cancer. Rising cancer cases fuel the need for minimally invasive
procedures for diagnostics purposes. Surgical removal of body tissues is
carried out by minimally invasive procedures. These procedures employ ablation
technologies. Besides being economical, ablation technologies ensure quick
recovery and cause lesser damage to body tissues. They also ensure lower risks
of infection.
Favorable government initiatives and a rapidly growing geriatric
population are factors that positively impact demand. Owing to high success
rates in diagnosis of chronic illnesses and minimal risks, developing
economies, such as Brazil, India, Russia, and China are gradually adopting
ablation technologies. It is anticipated that popularity of minimally invasive
procedures and surging per capita expenditure on healthcare may propel the
ablation technology market during the forecast period (2012 to 2020).
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The worldwide industry is segmented on the basis of technologies,
applications, and regions. Based on technologies, the Ablation Technology
Market is divided into radiofrequency, ultrasound, electrical, and radiation.
Due to widespread scope in cancer diagnosis, radiation technology led the
global market in 2013. Other factors that may positively impact this segment in
the forthcoming years are availability of different types of radiation devices
and high incidence of cancer. The segment for electrical ablation may expand
robustly over the forecast period. This attributes to rising prevalence of
cardiovascular disorders, such as atrial fibrillation.
Ablation technologies are predominantly applied in orthopedics,
ophthalmology, cardiovascular procedures, and in cancer. Use of ablation
technologies in cancer diagnosis generated the highest revenues in 2013.
Growing awareness about the popularity of ablation technology in cancer
treatment is projected to fuel overall market demand. Cardiovascular
applications are expected to increase considerably over the forecast period.
Geographically, the global ablation technology market is fragmented into
Europe, Asia Pacific, North America, and Rest of the World. North America held
highest shares in the overall industry back in 2013. Awareness about ablation
technologies and large number of people suffering from chronic diseases are key
regional drivers. Ongoing industry trends suggest that Asia Pacific may expand
remarkably in the years to come. The region is essentially propelled by surging
healthcare expenditure and application of ablation technologies in diagnostics
solutions. Growing preference for ablation over surgeries and substantial
government spending on ablation technology could further contribute to regional
demand.
Key companies operating the worldwide market are Boston Scientific Corporation,
Olympus Corporation, AngioDynamics Inc., Medtronic Inc., and AtriCulture Inc.
among others. Most industry participants focus greatly on innovations that aim
at enhancing accuracy & efficiency of test results. Researchers have
developed a cryoablation system that can attain much cooler temperatures than
most conventional cryoablation technologies.
The new system can effectively create transmural ventricular lesions
from the epicardium as well as the endocardium. It may prove beneficial for
catheter-based & surgical ventricular tachycardia ablations in humans. This
cryoablation technology utilizes liquid nitrogen and achieves temperatures as
low as minus 160 degrees Celsius. This IceSense cryoablation system helps
debulk tumors in lungs, kidneys, liver, and breast. It comprises a freezing
element and a rigid probe that has a sharp needle tip.
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