Microwave Ablation Devices are the advance medical devices which are used to treat different type of cancer which can also be treated by radiofrequency (RF) ablation devices. Microwave ablation devices are the ultimate option for minimally invasive surgery of soft tissue such as liver, kidney, and lung. The basic components of microwave devices include a generator, power distribution system and antennas.
Majority of the component of microwave ablation device is the same as the component of RF ablation device. But microwave ablation device has several benefits over the RF ablation devices. Some of the microwave ablation devices are also compatible with the CT scanner and ultrasound scanner, which provide the option for image-guided surgery. The guided surgery with CT scanner or ultrasound scanner enables the surgeon to identify the ablation target more easily though it allows the appropriate probe placement.
This image guide surgery of microwave ablation device has also improved the success rate of the surgery. During the surgery, the needle like antenna is inserted into the tumor. The tip of the antenna emits the electromagnetic radiation, which results the frictional tissue heating and causing the cell death by coagulation necrosis. Majority of the microwave ablation devices available in the market uses 915 MHz generator while few of microwave ablation devices uses 2450 MHz generator.
Microwave Ablation Devices Market: Drivers and Restraints
Increasing incidences of benign and malignant tumor of lung, liver, bone and kidney throughout the globe is the primary factor driving the growth of the microwave ablation devices market. Moreover, the rising number of tumor ablation procedure with the help of image-guided device will also propel the growth of microwave ablation devices market. Additionally, change in the lifestyle of people and unhealthy eating habit along with consumption of alcohol and tobacco is also fueling the number of cancer cases which will ultimately upsurge the growth of microwave ablation devices market.
Increasing demand for minimally invasive procedures and technological advancement is also responsible for the robust growth of microwave ablation devices market throughout the forecast period. The high-cost device associated with high risk during microwave ablation procedure may also impact the sale of microwave ablation devices over the next decade. Also, the high preference of surgeon towards RF ablation device over the microwave ablation device may deter the growth of this market.
Microwave Ablation Devices Market: Overview
Microwave ablation devices market is expected to show significant growth over the forecast period due to rising incidence of cancer throughout the globe. According to the National Cancer Institute, around 1,685,210 new cases of cancer were diagnosed in the U.S. in 2016. According to the World Health Organization (WHO) data, in 2012, 30-50% of deaths are caused due to cancer can be prevented if the treatment is taken at the early stages.
By component type, accessories segment is expected to dominate the microwave ablation device market by revenue due to rising number of tumor ablation procedure. By application, the oncology segment is expected the gain majority of share for microwave ablation devices market by revenue which is then followed by cardiovascular. Among all end users, the hospital segment is expected to dominate the microwave ablation device market whereas ambulatory surgical centers segment is projected to grow at a faster rate.
Microwave Ablation Devices Market: Key Players
Some of the key players operating in the global Microwave Ablation Devices Market are Medtronic plc, AngioDynamics Inc, Johnson & Johnson Services Inc., MedWaves Inc, and Terumo Corporation.
Based on component type, the global Microwave Ablation Devices market is segmented as:
- Generator
- Power Distribution System
- Accessories
Based on application, the global Microwave Ablation Devices market is segmented as:
- Oncology
- Cardiovascular
- Urology
- Orthopedic
- Others
Based on end user, the global Microwave Ablation Devices market is segmented as:
- Hospitals
- Ambulatory Surgical Centers
- Research Laboratories
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14th September, 2018 - Microwave Ablation Systems Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe.
Microwave Ablation Systems imply surgical removal of a body tissue by transferring heat to the target tissue.
A specially equipped needle is introduced near the site with image-guided modalities such as ultrasonography, computed tomography, and magnetic resonance imaging.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/microwave-ablation-systems-market/request-sampleIn Microwave Ablation System several antennae are used.
They are small, and designed with precise targeting power to avoid healthy tissues from damage.
The factors that propel the growth of the Microwave Ablation System Market include increase in incidences of chronic diseases and growth in geriatric population that is susceptible to diseases.
This market is categorized based on product type, applications, end users and geography.
Augmented demand for patient-centric models has been shaping the ablation devices market for many years.
Moreover, aggressive shift towards minimal invasion, reduced hospitalization rate, greater clinical efficacy, and lower cost is supporting the market growth.
Therefore, FMI projects the net revenue pool to exceed US$ 8 Bn by 2029 end.“Highly sought-after attributes such as proven procedural efficacy, enhanced safety profiles, and greater awareness are fueling the demand for ablation devices in asymptomatic procedure-related events.
Hence, the global ablation devices market will witness stellar growth at approximately 11% CAGR over the forecast period (2019-2029),” says the FMI analyst.Request report sample with 300 pages to gain in-depth insights https://www.futuremarketinsights.com/reports/sample/rep-gb-11254Key Takeaways of Ablation Devices Market StudyAdvanced ablation catheters will continue to stay atop, accounting for 68% revenue in terms of product type.Radiofrequency technology remains highly preferred by manufacturers across the globe.In terms of function, conventional ablation devices will capture leading value proportion over the forecast period.Clinics and hospitals are prominent end users on account of trained medical staff and greater availability of ablation devices.Europe and North America collectively hold 70% share in the overall market stack.Ablation Devices Market – Key Growth FactorsRising adoption of automated robotic ablation devices is stimulating the market growth.Rapid investments by governments in developed countries towards healthcare infrastructure are complementing the growth of ablation devices market.Advancements in state-of-the-art medical equipment will support the market growth over the projection period.Lesser recovery time and lesser potential risks of radiofrequency technology are boosting its wider adoption.Popularity of cryoablation catheters in treating arrhythmias will support the growth of this segment through 2029.Rising life expectancy combined with growing geriatric population are significant revenue contributors of global ablation devices market.Ablation Devices Market – Key RestraintsPotential damage caused by the use ablation devices at the cellular level is limiting the growth of market.
The medical fraternity is giving preference to treat COVID-19 patients while other elective procedures are being postponed worldwide.
Addressing the economic concerns remains the top priority of niche players in the global ablation devices market.Explore the full ablation devices market report with 238 illustrative figures, 78 data tables and table of contents.
