Ablation Devices Market, By Technology Type (Radiofrequency ablation, Cryoablation, Microwave ablation, Ultrasound Ablation, Hydrothermal Ablation, Others), By Application (Cardiovascular Disease, Cancer, Gynecology, Pain Management, Others), By End User (Hospitals, Ambulatory Surgery Centers/Clinics, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Feb 2024

Code : CMI464

Pages :305

Formats :

Excel and PDF

Industry : Medical Devices

Ablation Devices MarketSize and Trends

The global ablation devices market was valued at US$ 4.85 Bn in 2023 and is expected to reach US$ 8.51 Bn by 2031, growing at a compound annual growth rate (CAGR) of 10% from 2024 to 2031.

The global ablation devices market growth is driven by a number of factors, including the growing prevalence of cardiovascular diseases, advancements in ablation technologies, technological advancements in ablation devices, increasing geriatric populations and others.

Global Ablation Devices Market- Trends

Adoption of robot-assisted ablation devices: The adoption of robot-assisted ablation devices is having a significant impact on the global ablation devices market. Robot-assisted systems allow for improved precision, consistency, and a reduced risk of complications compared to conventional manual ablation procedures. These advantages are driving increasing demand for robotic systems among healthcare facilities and physicians.
Robot-assisted devices allow electrophysiologists and surgeons to perform minimally invasive cardiac ablation procedures through small incisions or ports with enhanced visualization. This enables precise catheter manipulation and lesion delivery to complex anatomies that would otherwise be difficult to access manually. The robotic systems filter out any physiologic tremor and ensure steadier contact during ablation, helping achieve optimal treatment results. These capabilities are leading to higher success rates for treating atrial fibrillation and other cardiac arrhythmias. These examples indicate lucrative market potential and a promising outlook for robot-assisted ablation devices.
Rising demand for radiofrequency ablation devices: The rapidly evolving trends towards minimally invasive procedures for the treatment of cardiac arrhythmias and cancer have significantly contributed to the rising demand for radiofrequency ablation devices globally. With advancements in medical technology, radiofrequency ablation has emerged as one of the most preferred techniques for precisely targeting and destroying tumors or abnormal tissue through the application of heat energy. It allows for precise treatment with minimal procedural risks and associated complications for patients.
A key factor propelling the adoption of radiofrequency ablation devices is the growing preference for outpatient procedures among healthcare professionals as well as patients. Radiofrequency ablation can often be performed on an outpatient basis as it does not require long hospital recovery time. This has also strengthened its appeal as a cost-effective alternative to traditional open surgeries.

Figure 2. Global Ablation Devices Market Share (%), By Technology Type, 2024