Cryoablation Devices Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theCryoablation Devices Market?
The escalation in cardiovascular diseases prevalence is predicted to stimulate the expansion of the cryoablation devices market in the future. Cardiovascular diseases (CVD) involve a category of disorders associated with the heart and blood vessels, covering conditions such as coronary artery disease, hypertension, heart failure, arrhythmias, and stroke. The frequency of these diseases can be attributed to aging populations, expanding obesity rates, and raised exposure to risk factors like smoking and pollution. Cryoablation devices, used in cardiology, are crucial in treatings arrhythmias like atrial fibrillation by creating precise lesions in heart tissue that interrupt the abnormal electrical pathways, reverting the heart rhythm closer to normal and enhancing the patients’ quality of life. For example, data from the Australian Institute of Health and Welfare, a government agency in Australia, reported that the count of physician-confirmed deaths due to coronary heart disease (CHD) rose to 14,100 in 2021 and 14,900 in 2022 in June 2024. Hence, this upward trend in the prevalence of cardiovascular diseases is anticipated to power the expansion of the cryoablation devices market.
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#How Does the Projected Cryoablation Devices Market Growth Compare Over the Forecast Period?
In recent years, there has been a substantial expansion in the cryoablation devices market. The market, which had a valuation of $0.56 billion in 2024, is predicted to escalate to $0.62 billion in 2025, showing a compound annual growth rate (CAGR) of 10.8%. The significant growth during the historic period could be traced back to factors such as augmented funding and grants from government bodies, progress in cryoablation training and education, emergence of outpatient and ambulatory surgical centers, increase in hybrid treatment approaches, and an upsurge in outpatient procedures.
Over the coming years, the market size for cryoablation devices is anticipated to witness substantial growth, expanding to $0.92 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 10.4%. Factors driving this surge in the forecast period can include the heightened occurrences of cancer, rising rates of cardiovascular diseases, a growing number of clinical trials, an aging population, and increased tobacco and alcohol use. Notable trends expected during the forecast period encompass progression in technology, the introduction of portable cryoablation devices, the inclusion of nanotechnology, hybrid procedures, and the advent of artificial intelligence.
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What Are the Current Market Growth and Trends in theCryoablation Devices Market That Industry Players Should Watch?
Leading corporations in the cryoablation devices market are prioritizing the development of inventive products, such as a cryoprobe which is instrumental in improving the accuracy and efficiency of treatments. A cryoprobe is a key tool used in cryotherapy processes that apply intense cold to body tissues to treat a range of medical issues, including tumors, lesions, or unusual growths. For example, in May 2023, Varian, a subsidiary of Siemens Healthineers and a med-tech company based in the US, introduced the Isolis cryoprobe. This single-use, disposable device is specifically engineered to enhance precision and effectiveness in cryoablation procedures, where tissue is meticulously frozen to treat conditions like tumors. The device provides interventional radiologists with superior control through its sharp tip and option to integrate with Siemens Healthineers myNeedle Laser guiding system, ensuring the cryoprobe is accurately placed.
What Are the Major Market Players Making an Impact on theCryoablation Devices Market Growth?
Major companies operating in the cryoablation devices market are Medtronic plc, Siemens Healthineers AG, GE Healthcare, Boston Scientific Corporation, Varian Medical Systems Inc., CooperSurgical Inc., MicroPort Scientific Corporation, PENTAX Medical, AtriCure Inc., Vimecon GmbH, Erbe Elektromedizin GmbH, MedGyn Products Inc., HealthTronics Inc., METRUM CRYOFLEX Sp. z o.o., BVM Medical Limited., Adagio Medical Inc., Channel Medsystems Inc., CPSI Biotech, CryoTherapeutics GmbH, Endocare Inc., Galil Medical Ltd., Sanarus Technologies Inc., IceCure Medical Ltd.
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How Are the Key Segments of the Cryoablation Devices Market Driving Opportunities and Innovations?
The cryoablation devices market covered in this report is segmented –
1) By Type: Probe, Tissue Contact Probe Ablators, Epidermal And Subcutaneous Cryoablation Systems, Systems, Generator, Accessories And consumables
2) By Application: Cardiology, Oncology, Other Applications
3) By End-Use: Hospitals, Ambulatory Surgical Centers, Specialty Centers, Other End-Users
Subsegments:
1) By Probe: Cryoprobes, Thermal Probes, Radiofrequency Probes
2) By Tissue Contact Probe Ablators: Microwave Ablators, RF Ablators, Ultrasound Ablators
3) By Epidermal and Subcutaneous Cryoablation Systems: Spray-Based Systems, Contact-Based Systems
4) By Systems: Standalone Systems, Integrated Systems
5) By Generator: High-Frequency Generators, Low-Frequency Generators
6) By Accessories and Consumables: Needles, Catheters, Gas Cartridges, Cooling Agents
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theCryoablation Devices Market?# Market Expansion?
North America was the largest region in the cryoablation devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cryoablation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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