Thermal Ablation Devices Market Specifications, Revenue and Product Category Forecast by 2022

Global Thermal Ablation Devices Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Thermal ablation devices are instruments used for destruction of tissue by application of heat. This can be done using focused ultrasound transducers with different sonication sizes that produces cell death in a targeted area with no damage to the surrounding tissue.

The factors that are playing a major role in the growth of Thermal Ablation Devices Market are rising use of tissue ablation devices in numerous medical facilities, technological advancements, development of enhanced technology and next generation thermal ablation products, and high safety related with thermal ablation. On the other hand, high cost of devices and developing new alternative therapeutics are the factors that may restrain overall market in the years to come.

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Thermal Ablation Devices Market is segmented based on product types, applications, end users, and region. Product types such as Ultrasound Ablation, Radiofrequency Ablation, High-Intensity Focused Ultrasound (HIFU) Technologies, External Beam Radiation Therapy (EBRT), Laser/Light Ablation, Microwave Ablation, Cryoablation Devices, and others classify market.

The External Beam Radiation Therapy (EBRT) segment accounts for the largest market share of Thermal Ablation Devices Industry and is estimated to lead the overall market in the years to come. The reason being, it can help to destroy cancer cells in men having high-grade cancer in lymph gland of the pelvis and prostate cancer.

Applications into Spinal Decompression and Denervation, Benign Prostatic Hyperplasia, Menorrhagia/Endometrial Ablation, Cancer/Tumor Ablation, and others classify Thermal Ablation Devices Market. End users such as Clinics, Hospitals, Ambulatory Surgical Centers (ASCs), and others classify market. Thermal Ablation Devices Industry is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa
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Globally, North America accounts for the largest market share of Thermal Ablation Devices Industry and is estimated to lead the overall market in the years to come. The reason being, rise in MI procedures, growing older adult population, and rising population suffering from chronic diseases. Europe and Asia Pacific follow suit. On the other hand, Asia Pacific is estimated to grow at fastest pace in the years to come.

The key players of Thermal Ablation Devices Market are Zeltiq Aesthetics, Inc., AngioDynamics, Inc., Syneron Medical LTD, Boston Scientific Corporation, Solta Medical, Inc., Covidien PLC, Microsulis Medical LTD, Endo Health Solutions, Inc., Johnson & Johnson, Hologic, Inc., and InSightec LTD/Elbit Imaging LTD. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.