CRYOABLATION DEVICES MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Growing preference for minimally invasive procedures

Growing preference for minimally invasive surgical procedures globally among patients as well as physicians can drive the cryoablation devices market growth. Minimally invasive surgeries are preferred due to benefits such as lesser pain, smaller incisions, shorter hospital stay, quicker recovery time and reduced scarring. Cryoablation, which uses extreme cold to destroy diseased tissue, has emerged as a popular minimally invasive technique for treating cancer and other conditions affecting sites like liver, kidneys and prostate. Cryoablation is often considered as an attractive alternative to traditional surgical procedures for a variety of tumors. Cryoablation of small kidney tumors and early-stage prostate cancer has demonstrated similar clinical outcomes to partial or radical nephrectomy and radical prostatectomy respectively but with considerably lower risks of complications and side effects for patients. As the procedure can be performed via insertion of a probe or catheter through small skin incisions utilizing image guidance, it causes less damage to surrounding healthy tissues as compared to open or laparoscopic surgery. This has led to faster convalescence and return to normal activities for patients. With growing prevalence of cancers worldwide and rising focus on improving quality of life of patients, there has been huge demand for minimally invasive options.