Tumor Ablation Market by Procedure Volume, Technology (RF, Microwave, Cryoablation, Others), Department (Interventional Radiology, Surgery, Oncology), Application (Liver Cancer, Lung Cancer, Kidney Cancer, Bone Metastasis) - Global Forecasts to 2019 – New research available at RnRMarketResearch.com
The global tumor ablation market is poised to grow at a CAGR of 11.5% during 2014-2019, and is expected to reach a value of ~462.0 Million in 2019. Although the mature markets (such as the U.S., Germany, France, and U.K.) hold larger shares in the tumor ablation market, the Asia-Pacific region is expected to grow at the highest CAGR in the forecast period.The growth of the tumor ablation market is driven by factors such as growing geriatric population, coupled with an increasing population base of cancer patients, technological advancements to support new product development, increasing demand for minimally invasive cancer treatment procedures, growing awareness about ablation procedures over conventional therapeutic and surgical procedures, and rising number of hospitals and surgical centers.
Browse 70 market data tables & 32 figures spread through 180 pages and in-depth TOC on " Timor Ablation Market " at http://www.rnrmarketresearch.com/tumor-ablation-market-by-procedure-volume-technology-rf-microwave-cryoablation-others-department-interventional-radiology-surgery-oncology-application-liver-cancer-lung-cancer-kidney-ca-market-report.html .
In this report, the global tumor ablation market has been segmented on the basis of type of technology (radio frequency, microwave, cryoablation, and other technologies), department (interventional radiology, surgery, and oncology), and type of application (liver cancer, lung cancer, kidney cancer, bone metastasis, and others). The radio frequency ablation technology segment accounted for the largest share of the global tumor ablation market in 2014, followed by the microwave ablation technology market. Factors such as significant awareness regarding application of radio frequency ablation in cancer treatment, presence of large number of radio frequency ablation centers across the region, and low procedural cost associated with radio frequency tumor ablation are driving the growth of tumor ablation market.
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The global tumor ablation market is moderately competitive with a various global as well as local market players. As of 2013, the global tumor ablation market was dominated byAngio Dynamics, Inc. (U.S.), Boston Scientific Corporation (U.S.), Medtronic, Inc. (U.S.), CONMED Corporation (U.S.), and Smith & Nephews Plc (U.K.), which together accounted for ~83.0% of the market. New product launches, partnerships, agreements, and collaborations, and strategic acquisitions are the major strategies adopted by most of the market players to achieve growth in the global tumor ablation market.
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