The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Tumor Ablation Therapy Devices Global Market Report 2023, the tumor ablation therapy devices market is expected to show significant growth in the forecast period.

Key insights from the tumor ablation therapy devices market forecast include:

1. Market Size

The global market for tumor ablation therapy devices is projected to increase from $0.56 billion in 2022 to $0.64 billion in 2023, at a CAGR of 15.3%. The market size is anticipated to reach $1.1 billion in 2027, with a CAGR of 14.4%.

2. Major Driver

The tumor ablation therapy devices market is propelled by the rising cancer prevalence, making cancer the second leading global cause of death. Tumor ablation effectively treats lung, liver, kidney, and bone tumors. In 2020, the American Institute of Cancer Research reported an estimated 18.1 million cancer cases worldwide, with 9.3 million in men and 8.8 million in women. Lung and breast cancers were the most common, accounting for 12.5% and 12.2% of new cases in 2020. Tumor ablation serves as an alternative for patients unresponsive to chemotherapy or radiotherapy, fostering market growth.

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3. Key Trend

Leading tumor ablation therapy device companies prioritize technological advancements to enhance safety, reduce radiation exposure, streamline procedures, and improve results. For instance, J&J Medicals introduced NEUWAVE, a microwave ablation system that inserts electrodes into cancer cells to elevate their temperature, destroying the cancer cells. In June 2020, Boston Scientific launched DirectSense technology, initially for monitoring radiofrequency (RF) effects in cardiac procedures, with potential tumor applications.

4. Largest Region

North America was the largest region in the tumor ablation therapy devices market in 2022.

5. Major Players

Major players in the tumor ablation therapy devices market are Galil Medical Inc., Misonix Inc., HealthTronics, Angiodynamics, Boston Scientific Corporation, Medtronic PLC., EDAP TMS S.A, Neuwave Medical Inc., BVM Medical Limited, and Erbe Elektromedizin GmbH.

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Key Tumor Ablation Therapy Devices Market Segments
The global tumor ablation therapy devices market is segmented –
1) By Technology: Radiofrequency Ablation, Microwave Ablation, Cryoablation, Irreversible Electroporation Ablation, Other Technologies
2) By Treatment: Surgical, Laparoscopic, Percutaneous
3) By End User: Hospitals, Oncology Clinics, Other End Users
4) By Application: Kidney Cancer, Liver Cancer, Breast Cancer, Lung Cancer, Prostate Cancer, Other Applications

The Tumor Ablation Therapy Devices Global Market Report 2023  provides an in-depth analysis on the tumor ablation therapy devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the tumor ablation therapy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Brain Tumor Drugs Global Market Report 2023
Tumor Embolization Devices Global Market Report 2023
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