Ablation Device Market Emerging Trends & Scope Till 2030
Cardiovascular Disease Treatment Segment by Application to Account Larger Share in Ablation Device Market during 2022–2030
According to our latest study on “Ablation Device Market Size and Forecasts (2020 – 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis” the market was valued at US$ 8,325.32 million in 2022 and is projected to reach US$ 16,020.33 million by 2030; it is estimated to register a CAGR of 8.5 % from 2022 to 2030. The report highlights the key factors driving the ablation device market growth and prominent players with their developments in the market
Coverage: Device (Radiofrequency Devices, Laser/Light Ablation, Ultrasound Devices, Cryoablation Devices, and Other Devices); Application (Cancer Treatment, Cardiovascular Disease Treatment, Ophthalmologic Treatment, Gynecological Treatment, Urological Treatment, Cosmetic Surgery, and Others); End-User (Hospitals and Clinics, Ambulatory Surgical Centers, and Others); and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)
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Abbott Laboratories, AngioDynamics, Inc., AtriCure, Inc., Biotronik, Boston Scientific Corporation, Conmed Corporation, Johnson and Johnson, Medtronic PLC, Olympus Corporation, and Smith & Nephew PLC are among the leading companies operating in the global ablation device market.
Companies operating in the ablation device market adopt various organic and inorganic strategies. Organic strategies mainly include product launches and product approvals. Acquisitions, collaborations, and partnerships are among the inorganic growth strategies witnessed in the ablation device market. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall ablation device market growth. Further, acquisition and partnership strategies help them strengthen their customer base and expand their product portfolios.
The ablation device market, by end users, is segmented into hospitals and clinics, ambulatory surgical centers, and others. In 2022, the hospitals and clinics segment held the largest market share, and the same segment is anticipated to register the highest CAGR during 2022–2030. Hospitals and clinics are the primary end users of ablation devices as they offer a wide range of medical services, including non-invasive procedures that require ablation.
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