Tumor Ablation Market Is Anticipated To Grow At A Cagr Of 12%-14% From 2020 To 2025

By Author: Lucintel LLC
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The global tumor ablation market is projected to grow at a CAGR of 12%-14% from 2020 to 2025. The growth of tumor ablation market is driven by growing geriatric population across the world, increasing population base for cancer patients, technological advancements in ablation devices, and sprouting number of hospitals, surgical, and ablation centers.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global tumor ablation market by technology (radiofrequency (RF) ablation, microwave ablation, cryo ablation and others), application (liver, lung, kidney, bone metastasis, prostate, and breast), mode of treatment (percutaneous ablation, laparoscopic ablation, surgical ablation, liver cancer, lung cancer, kidney cancer, bone metastasis and others), end user (hospitals and oncology clinics), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the tumor ablation market?
Q.4 What are some ...
... changing demands of customers in the tumor ablation market?
Q.5 What are the new developments in the tumor ablation market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this tumor ablation area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this tumor ablation market?
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Market Segmentation:
Based on technology, the tumor ablation market is segmented into radiofrequency (RF) ablation, microwave ablation, cryo ablation and others. The microwave ablation segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the increasing private funding for novel product development of microwave ablation, its significant efficiency over other ablation technologies, and growing adoption of the microwave tumor ablation procedure among healthcare professionals to treat various cancers.
North America will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to rising inclination of patients towards minimally invasive procedures for cancer treatment and increasing government funding for cancer research.
Key Players in the tumor ablation market are AngioDynamics, Boston Scientific, Galil Medical, EDAP TMS, Healthtronics, Medtronic, Mermaid Medical, Misonix, Neuwave Medical, and Sonacare Medical.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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