How the Oncology Ablation Market is Positioned for Growth: Trends, Market Size, and Future Opportunities (2025-2034)
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Factors Are Propelling the Market Growth of theOncology Ablation Market from 2025 to 2034?
The increasing number of cancer diagnoses is fueling the oncology ablation market. Cancer detection is rising due to aging, awareness, and better screening. Oncology ablation offers a minimally invasive way to destroy tumors. The National Cancer Institute projected in May 2024 that 2,001,140 new cancer cases would be diagnosed in 2024 in the U.S., with cases expected to reach 29.9 million by 2040. Hence, cancer diagnosis trends are accelerating oncology ablation market growth.
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#How Will the CAGR of the Oncology Ablation Market Influence Its Overall Growth by 2034?
The oncology ablation market witnessed rapid growth, moving from $1.3 billion in 2024 to $1.46 billion in 2025 at a CAGR of 12.9%. This increase was supported by the rising prevalence of cancer, growing preference for minimally invasive techniques, higher healthcare spending, approvals of advanced ablation devices, improved cancer screening, and a growing elderly population.
The oncology ablation market is expected to grow rapidly, reaching $2.35 billion in 2029 at a CAGR of 12.6%. Growth factors include advancements in ablation technology, increasing adoption in emerging economies, the rise of personalized and precision medicine, government support for cancer research, growing demand for outpatient procedures, and increased awareness. Trends include AI integration, advancements in imaging technologies, robotic-assisted ablation, advanced ablation devices, and telemedicine for pre- and post-ablation care.
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How Are Market Trends and Innovations Revolutionizing theOncology Ablation Industry in Recent Times?
Major companies in the oncology ablation market are developing advanced ablation systems with precision and integrated imaging. In March 2024, Medtronic Plc received FDA approval for OsteoCool 2.0, capable of using four probes simultaneously for enhanced tumor ablation.
Which Key Market Players Are Shaping the Future and Growth of theOncology Ablation Market?
Major companies operating in the oncology ablation market are Medtronic plc, Siemens Healthineers AG, Becton Dickinson and Company, Koninklijke Philips N.V., Stryker Corporation, GE HealthCare Technologies Inc., Boston Scientific Corporation, Edwards Lifesciences Corporation, Varian Medical Systems Inc, PENTAX Medical, Elekta AB, Merit Medical Systems Inc, AtriCure Inc, AngioDynamics Inc., EDAP TMS S.A., Monteris Medical Inc., Misonix Inc., MedWaves Inc., BSD Medical Corporation, Cardiva Medical Inc.
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What Are the Core Segments of the Oncology Ablation Market, and How Do They Contribute to Growth?
The oncology ablation market covered in this report is segmented –
1) By Technology: Radiofrequency Ablation, Microwave Ablation, Cryoablation, Irreversible Electroporation Ablation
2) By Treatment: Surgical Ablation, Laparoscopic Ablation, Percutaneous Ablation
3) By Application: Kidney Cancer, Liver Cancer, Breast Cancer, Lung Cancer, Prostate Cancer
Subsegments:
1) By Radiofrequency Ablation: Monopolar Radiofrequency Ablation, Bipolar Radiofrequency Ablation
2) By Microwave Ablation: Single-Probe Microwave Ablation, Multi-Probe Microwave Ablation
3) By Cryoablation: Cryo-Needle Ablation, Cryo-Generator System Ablation
4) By Irreversible Electroporation Ablation: Transurethral IRE, Transperineal IRE, Percutaneous IRE
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What Regions Are Dominating the Oncology Ablation Market Growth?
North America was the largest region in the oncology ablation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oncology ablation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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