According to FutureWise analysis, the market for ablation devices is projected to expand at a CAGR of 12% from 2023-2031.
The ablation therapies are used for treating different diseases like cancer, gynaecological diseases, ophthalmic diseases and cardiovascular diseases. It is less painful than traditional surgeries as it a minimally invasive process resulting in the reduction of recovery times. Additionally, it causes less damage to the tissues surrounding the affected area. Although it lowers the side effects, it has certain disadvantages like ablation devices cannot treat bulky and large tissues like neck and bone nodules and these devices are not available in remote locations. Furthermore, the rising prevalence of patients with cardiovascular diseases in developed countries like the United States shall boost the ablation devices market growth. According to a data provided by St. Jude Medical Inc., over 240,000 catheter ablations were performed in the United States while over 980,000 patients were treated using ablation devices across the world. Moreover, the increased prevalence of cancer shall propel the market growth. As per the WHO, the number of newly registered cases are predicted to rise by over 65% in twenty years. Such an escalating prevalence of chronic diseases shall contribute to the proliferation of the market.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Ablation Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Ablation Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.