Cryoablation Devices Market Insights 2025-2034: Growth Dynamics, Trends, and Strategic Opportunities
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How has the cryoablation devices market size evolved in recent years?
The cryoablation devices market has seen strong growth in recent years. It will increase from $0.56 billion in 2024 to $0.62 billion in 2025, at a CAGR of 10.8%. The growth is driven by more government funding and grants, expanding cryoablation training and education programs, the rise of outpatient surgery centers, hybrid treatment approaches, and the growth of outpatient procedures.
What are the predictions for the cryoablation devices market size in the coming years?
The cryoablation devices market is forecast to grow rapidly, reaching $0.92 billion by 2029 at a CAGR of 10.4%. Growth factors include the rising prevalence of cancer and cardiovascular diseases, the growing number of clinical trials, an aging population, and increased tobacco and alcohol consumption. Trends include technological advancements, portable cryoablation devices, nanotechnology integration, hybrid procedures, and the use of artificial intelligence.
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What key factors are fueling the growth of the cryoablation devices market?
The rising prevalence of cardiovascular diseases is expected to drive the growth of the cryoablation devices market. Cardiovascular diseases (CVD) include heart and blood vessel disorders such as coronary artery disease, hypertension, heart failure, arrhythmias, and stroke. This increase in CVD is linked to aging populations, rising obesity rates, and higher exposure to risk factors like smoking and pollution. Cryoablation devices are critical tools in cardiology, used to treat arrhythmias such as atrial fibrillation by creating controlled lesions in heart tissue, restoring normal heart rhythm. For example, the Australian Institute of Health and Welfare reported in June 2024 that the number of deaths from coronary heart disease (CHD) increased from 14,100 in 2021 to 14,900 in 2022. Consequently, the growing prevalence of cardiovascular diseases will drive the cryoablation devices market.
How is the global cryoablation devices market divided into key segments?
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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Who are the key firms paving the way for growth in the cryoablation devices market?
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.
Which trends are expected to transform the cryoablation devices market?
Companies in the cryoablation devices market are developing advanced products like cryoprobes to enhance precision in treatments. A cryoprobe is a medical tool used in cryotherapy to treat conditions like tumors by applying extreme cold to tissue. In May 2023, Varian launched the Isolis cryoprobe, a disposable device that improves precision in cryoablation procedures and integrates with the Siemens Healthineers myNeedle Laser guidance system for more accurate probe placement.
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What regions are contributing significantly to the growth of the cryoablation devices market?
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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