The Business Research Company’s Tumor Ablation Therapy Devices Global Market Report 2021 – COVID-19 Growth And Change
LONDON, GREATER LONDON , UK, September 3, 2021 /EINPresswire.com/ — Tumor ablation is the technique used to extract the tumors using a needle, to insert it in the tumor organ using imaging techniques. The increasing prevalence of cancer is a key factor driving the growth of the tumor ablation therapy devices market. Cancer is considered to be the second major cause of death, with around 1 in 6 deaths due to cancer worldwide. Tumor ablation is a minimally invasive procedure widely used in the treatment of lung, liver, kidney and bone tumors. According to the World Health Organization (WHO), 9.6 million deaths occurred in 2018 due to cancer and about 70% of deaths from cancer occur in low- and middle-income countries. The procedure is an effective method for patients who have failed chemotherapy or radiotherapy, thereby supporting the growth of the ablation technology market.
The global tumor ablation therapy devices market is expected to grow from $0.50 billion in 2020 to $0.56 billion in 2021 at a compound annual growth rate (CAGR) of 11.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $0.92 billion in 2025 at a CAGR of 13%.
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The major players covered in the global tumor ablation devices industry are Galil Medical Inc, Misonix Inc, HealthTronics, Angiodynamics, Boston Scientific Corporation, Medtronic Plc., EDAP TMS S.A., Neuwave Medical Inc, BVM Medical Limited, Erbe Elektromedizin GmbH, BTG International Ltd, AtriCure, Inc., Theraclion, INTIO Inc.
Major companies operating in the tumor ablation therapy devices are focusing on technology advancements for shorter procedures, increased safety, lower exposure to radiation, faster learning curves and improved outcomes.
TBRC’s global tumor ablation therapy devices market report is segmented by technology into radiofrequency ablation, microwave ablation, cryoablation, irreversible electroporation ablation, others, by treatment into surgical, laparoscopic, percutaneous, by end user into hospitals, oncology clinics, others, and by application into kidney cancer, liver cancer, breast cancer, lung cancer, prostate cancer, others.
Tumor Ablation Therapy Devices Global Market Report 2021 – By Technology (Radiofrequency Ablation, Microwave Ablation, Cryoablation, Irreversible Electroporation Ablation), By Treatment (Surgical, Laparoscopic, Percutaneous), By End User (Hospitals, Oncology Clinics), By Application (Kidney Cancer, Liver Cancer, Breast Cancer, Lung Cancer, Prostate Cancer), COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides tumor ablation therapy devices market overview, forecast tumor ablation therapy devices market size and growth for the whole market, tumor ablation therapy devices market segments, and geographies, tumor ablation therapy devices market trends, tumor ablation therapy devices market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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