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Ablation procedures have witnessed significant growth, which are attributable to factors such as growing healthcare expenditure, favorable demographics and cost effectiveness over traditional surgical procedures. http://www.marketsandmarkets.com/Market-Reports/ablation-devices-market-791.html
(PRWEB) July 10, 2014
The Ablation Technologies Market (2011-2016) - Global Trends & Competitive Analysis analyzes and studies the major market drivers, restraints, and opportunities in Americas, Europe, Asia Pacific, and Rest of the World.
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This report studies the global ablation technologies market over the forecast period 2011-2016. The global ablation devices market was valued at $7.5 billion in 2011 and is poised to grow at a CAGR of 10.5% to reach $12.4 billion by 2016.
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Ablation technologies market is expected to grow at a faster rate with a CAGR of 10.5% from 2011 to 2016. It involves thermal and non thermal ablation technologies. Thermal technologies segment include technologies such as radiofrequency, microwave, ultrasound, hydrothermal, radiation, electrical and light/laser technologies. Under non-thermal ablation technologies, cryoablation and hydromechanical technologies are studied.
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Ablation procedure refers to a minimally invasive surgical procedure which involves either destruction or removal of diseased or unnecessary tissue with the aim to cure the disease. It provides successful form of surgical option that has gradually becoming a popular alternative over invasive procedure amongst physicians and patients. The principal advantage of these procedures over surgery is short recovery time, short length scars, low risk of infection, less blood loss, and shorter hospital stays.
The global ablation technologies market has seen challenging and dynamic market conditions, but still remains strong, with a size of approximately $7.5 billion in 2011 and an estimated annual growth rate of 10.5% over the next five years. A large number of technological innovations in the devices used in ablation procedures have been seen in the past years, with newer devices coming up with better safety and efficacy attributes contributing to widespread adoption of the ablation procedures by physicians worldwide.
Factors such as increasing aging population, technological advancements, and rising incidence of chronic diseases such as cardiovascular disorders, cancer, and diseases associated with gynaecology, urology and orthopaedics, are driving the market. However, the pricing pressures, economic slowdown and unstable reimbursement policies, will restrict the growth of this market to a certain extent.
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