Product Code: PMRREP11419
Persistence Market Research has recently released an in-depth report on the global Thermal Ablation Devices Market. This comprehensive analysis highlights essential market dynamics such as drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics, outlining the anticipated growth trajectory of the global thermal ablation devices market from 2024 to 2031.
Key Insights:
- Thermal Ablation Devices Market Size (2024E): US$ 9.5 Bn
- Projected Market Value (2031F): US$ 22.4 Bn
- Global Market Growth Rate (CAGR 2024 to 2031): 13.0%
Thermal Ablation Devices Market - Report Scope:
Thermal ablation devices are advanced medical instruments used to treat tumors by utilizing heat-based techniques, including radiofrequency, microwave, and laser ablation. These devices are increasingly adopted in oncology treatments, particularly for minimally invasive procedures that provide effective tumor destruction while reducing recovery time. The market caters to hospitals, specialty clinics, and ambulatory surgical centers, offering targeted solutions for a wide range of applications, from liver and kidney cancers to lung and prostate tumors. Market growth is driven by the rising incidence of cancer, the demand for minimally invasive treatments, and advancements in ablation technologies that enhance precision and safety.
Market Growth Drivers:
The global thermal ablation devices market is driven by the increasing prevalence of cancer and advancements in minimally invasive surgical procedures. Growing healthcare spending and a rising preference for outpatient treatments in developed and emerging regions are further propelling market expansion. Additionally, the development of technologically advanced devices offering enhanced precision, such as image-guided ablation systems, is boosting adoption in hospitals and specialty clinics. The demand for effective and affordable cancer treatment options also encourages adoption, particularly in countries with limited healthcare infrastructure, where thermal ablation offers a cost-effective solution.
Market Restraints:
Despite promising growth, the thermal ablation devices market faces challenges related to high initial setup costs and limited accessibility in low-income regions. Furthermore, the availability of alternative treatment methods, such as surgery and chemotherapy, poses competitive pressure on thermal ablation device manufacturers. Regulatory constraints and requirements for safety and efficacy testing further add to market entry barriers, affecting product availability in some areas.
Market Opportunities:
The thermal ablation devices market presents significant growth opportunities driven by technological innovations and rising healthcare awareness. Increasing demand for precision treatments and the growth of ambulatory care facilities provide a favorable environment for adoption. Additionally, the expansion of healthcare infrastructure in Asia Pacific and Latin America, along with supportive government policies promoting minimally invasive cancer treatments, creates new growth avenues. Strategic investments in R&D, along with partnerships with healthcare providers and equipment suppliers, can help market players capitalize on these opportunities and sustain market leadership.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the thermal ablation devices market globally?
- Which applications are driving the adoption of thermal ablation devices across oncology and other therapeutic areas?
- How are technological advancements impacting the competitive landscape of the thermal ablation devices market?
- Who are the key players in the thermal ablation devices market, and what strategies are they employing to maintain market relevance?
- What are the emerging trends and future prospects in the global thermal ablation devices market?
Competitive Intelligence and Business Strategy:
Leading players in the global thermal ablation devices market, including Medtronic, Boston Scientific, and AngioDynamics, focus on innovation, product differentiation, and strategic collaborations to gain a competitive edge. These companies invest in R&D to develop advanced technologies that cater to diverse therapeutic needs, ensuring optimal performance and regulatory compliance. Partnerships with hospitals, oncology centers, and healthcare organizations facilitate market access and promote technology adoption. Additionally, emphasis on user training, quality assurance, and support services enhances market growth and strengthens customer relationships in the competitive thermal ablation landscape.
Key Companies Profiled:
- Medtronic Plc.
- Boston Scientific Corp.
- Smith & Nephew Plc.
- AngioDynamics, Inc.
- Abbott Laboratories
- Stryker Corporation
- Atricure, Inc.
- Halyard Health, Inc.
- Hologic, Inc.
- Johnson & Johnson
- Olympus Corporation
Global Thermal Ablation Devices Market: Taxonomy
Components
End User
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Clinics
Region
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
Table of Contents
1. Executive Summary
- 1.1. Market Overview
- 1.2. Market Analysis
- 1.3. PMR Analysis and Recommendations
- 1.4. Wheel of Fortune
2. Market Introduction
- 2.1. Market Definition
- 2.2. Market Taxonomy
3. Thermal Ablation Devices Market View Point
- 3.1. Macro-Economic Factors
- 3.2. Opportunity Analysis
- 3.3. Reimbursement Scenario
- 3.4. Regulatory Scenario
- 3.5. Pricing Analysis
4. North America Thermal Ablation Devices Market Analysis 2019-2023 and Forecast 2024-2031
- 4.1. Introduction
- 4.2. Regional Market Dynamics
- 4.2.1. Drivers
- 4.2.2. Restraints
- 4.2.3. Trends
- 4.3. Historical Market Size (US$ Bn) By Country, 2019-2023
- 4.3.1. U.S.
- 4.3.2. Canada
- 4.4. Market Size (US$ Bn) Forecast By Country, 2024-2031
- 4.4.1. U.S.
- 4.4.2. Canada
- 4.5. Historical Market Size (US$ Bn) and Volume Analysis By Components, 2019-2023
- 4.5.1. Systems
- 4.5.1.1. Radiofrequency Ablation
- 4.5.1.2. Hydrothermal Ablation
- 4.5.1.3. Microwave Ablation
- 4.5.1.4. Laser Ablation
- 4.5.1.5. Ultrasound Ablation
- 4.5.2. Probes
- 4.5.2.1. Interstitial Probes
- 4.5.2.2. Grounded Probes
- 4.5.2.3. Needle Applicators
- 4.6. Market Size (US$ Bn) and Volume Forecast By Components, 2024-2031
- 4.6.1. Systems
- 4.6.1.1. Radiofrequency Ablation
- 4.6.1.2. Hydrothermal Ablation
- 4.6.1.3. Microwave Ablation
- 4.6.1.4. Laser Ablation
- 4.6.1.5. Ultrasound Ablation
- 4.6.2. Probes
- 4.6.2.1. Interstitial Probes
- 4.6.2.2. Grounded Probes
- 4.6.2.3. Needle Applicators
- 4.7. Historical Market Size (US$ Bn) Analysis By End User , 2019-2023
- 4.7.1. Hospitals
- 4.7.2. Ambulatory Surgical Centers
- 4.7.3. Clinics
- 4.8. Market Size (US$ Bn) and Forecast, By End User , 2024-2031
- 4.8.1. Hospitals
- 4.8.2. Ambulatory Surgical Centers
- 4.8.3. Clinics
- 4.9. Market Attractiveness Analysis
- 4.9.1. By Country
- 4.9.2. By Components
- 4.9.3. By End User
- 4.10. Key Representative Market Participants
- 4.11. Key Participants Market Presence (Intensity Map)
5. Latin America Thermal Ablation Devices Market Analysis 2019-2023 and Forecast 2024-2031
- 5.1. Introduction
- 5.2. Regional Market Dynamics
- 5.2.1. Drivers
- 5.2.2. Restraints
- 5.2.3. Trends
- 5.3. Historical Market Size (US$ Bn) Trend Analysis By Country, 2019-2023
- 5.3.1. Brazil
- 5.3.2. Mexico
- 5.3.3. Rest of Latin America
- 5.4. Market Size (US$ Bn) Forecast By Country, 2024-2031
- 5.4.1. Brazil
- 5.4.2. Mexico
- 5.4.3. Rest of Latin America
- 5.5. Historical Market Size (US$ Bn) and Volume Analysis By Components, 2019-2023
- 5.5.1. Systems
- 5.5.1.1. Radiofrequency Ablation
- 5.5.1.2. Hydrothermal Ablation
- 5.5.1.3. Microwave Ablation
- 5.5.1.4. Laser Ablation
- 5.5.1.5. Ultrasound Ablation
- 5.5.2. Probes
- 5.5.2.1. Interstitial Probes
- 5.5.2.2. Grounded Probes
- 5.5.2.3. Needle Applicators
- 5.6. Market Size (US$ Bn) and Volume Forecast By Components, 2024-2031
- 5.6.1. Systems
- 5.6.1.1. Radiofrequency Ablation
- 5.6.1.2. Hydrothermal Ablation
- 5.6.1.3. Microwave Ablation
- 5.6.1.4. Laser Ablation
- 5.6.1.5. Ultrasound Ablation
- 5.6.2. Probes
- 5.6.2.1. Interstitial Probes
- 5.6.2.2. Grounded Probes
- 5.6.2.3. Needle Applicators
- 5.7. Historical Market Size (US$ Bn) Analysis By End User , 2019-2023
- 5.7.1. Hospitals
- 5.7.2. Ambulatory Surgical Centers
- 5.7.3. Clinics
- 5.8. Market Size (US$ Bn) and Forecast, By End User , 2024-2031
- 5.8.1. Hospitals
- 5.8.2. Ambulatory Surgical Centers
- 5.8.3. Clinics
- 5.9. Market Attractiveness Analysis
- 5.9.1. By Country
- 5.9.2. By Components
- 5.9.3. By End User
- 5.10. Key Representative Market Participants
- 5.11. Key Participants Market Presence (Intensity Map)
6. Europe Thermal Ablation Devices Market Analysis 2019-2023 and Forecast 2024-2031
- 6.1. Introduction
- 6.2. Regional Market Dynamics
- 6.2.1. Drivers
- 6.2.2. Restraints
- 6.2.3. Trends
- 6.3. Historical Market Size (US$ Bn) By Country, 2019-2023
- 6.3.1. Germany
- 6.3.2. France
- 6.3.3. U.K.
- 6.3.4. Italy
- 6.3.5. Spain
- 6.3.6. Russia
- 6.3.7. Poland
- 6.3.8. Rest of Europe
- 6.4. Market Size (US$ Bn) Forecast By Country, 2024-2031
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Poland
- 6.4.8. Rest of Europe
- 6.5. Historical Market Size (US$ Bn) Analysis By Components, 2019-2023
- 6.5.1. Systems
- 6.5.1.1. Radiofrequency Ablation
- 6.5.1.2. Hydrothermal Ablation
- 6.5.1.3. Microwave Ablation
- 6.5.1.4. Laser Ablation
- 6.5.1.5. Ultrasound Ablation
- 6.5.2. Probes
- 6.5.2.1. Interstitial Probes
- 6.5.2.2. Grounded Probes
- 6.5.2.3. Needle Applicators
- 6.6. Market Size (US$ Bn) Forecast By Components, 2024-2031
- 6.6.1. Systems
- 6.6.1.1. Radiofrequency Ablation
- 6.6.1.2. Hydrothermal Ablation
- 6.6.1.3. Microwave Ablation
- 6.6.1.4. Laser Ablation
- 6.6.1.5. Ultrasound Ablation
- 6.6.2. Probes
- 6.6.2.1. Interstitial Probes
- 6.6.2.2. Grounded Probes
- 6.6.2.3. Needle Applicators
- 6.7. Historical Market Size (US$ Bn) Analysis By End User , 2019-2023
- 6.7.1. Hospitals
- 6.7.2. Ambulatory Surgical Centers
- 6.7.3. Clinics
- 6.8. Market Size (US$ Bn) and Forecast, By End User , 2024-2031
- 6.8.1. Hospitals
- 6.8.2. Ambulatory Surgical Centers
- 6.8.3. Clinics
- 6.9. Market Attractiveness Analysis
- 6.9.1. By Country
- 6.9.2. By Components
- 6.9.3. By End User
- 6.10. Key Representative Market Participants
- 6.11. Key Participants Market Presence (Intensity Map)
7. Asia Pacific Thermal Ablation Devices Market Analysis 2019-2023 and Forecast 2024-2031
- 7.1. Introduction
- 7.2. Regional Market Dynamics
- 7.2.1. Drivers
- 7.2.2. Restraints
- 7.2.3. Trends
- 7.3. Historical Market Size (US$ Bn) By Country, 2019-2023
- 7.3.1. China
- 7.3.2. India
- 7.3.3. Australia and New Zealand
- 7.3.4. Japan
- 7.3.5. Rest of APAC
- 7.4. Market Size (US$ Bn) Forecast By Country, 2024-2031
- 7.4.1. China
- 7.4.2. India
- 7.4.3. Australia and New Zealand
- 7.4.4. Japan
- 7.4.5. Rest of APAC
- 7.5. Historical Market Size (US$ Bn) and Volume Analysis By Components, 2019-2023
- 7.5.1. Systems
- 7.5.1.1. Radiofrequency Ablation
- 7.5.1.2. Hydrothermal Ablation
- 7.5.1.3. Microwave Ablation
- 7.5.1.4. Laser Ablation
- 7.5.1.5. Ultrasound Ablation
- 7.5.2. Probes
- 7.5.2.1. Interstitial Probes
- 7.5.2.2. Grounded Probes
- 7.5.2.3. Needle Applicators
- 7.6. Market Size (US$ Bn) and Volume Forecast By Components, 2024-2031
- 7.6.1. Systems
- 7.6.1.1. Radiofrequency Ablation
- 7.6.1.2. Hydrothermal Ablation
- 7.6.1.3. Microwave Ablation
- 7.6.1.4. Laser Ablation
- 7.6.1.5. Ultrasound Ablation
- 7.6.2. Probes
- 7.6.2.1. Interstitial Probes
- 7.6.2.2. Grounded Probes
- 7.6.2.3. Needle Applicators
- 7.7. Historical Market Size (US$ Bn) Analysis By End User , 2019-2023
- 7.7.1. Hospitals
- 7.7.2. Ambulatory Surgical Centers
- 7.7.3. Clinics
- 7.8. Market Size (US$ Bn) and Forecast, By End User , 2024-2031
- 7.8.1. Hospitals
- 7.8.2. Ambulatory Surgical Centers
- 7.8.3. Clinics
- 7.9. Market Attractiveness Analysis
- 7.9.1. By Country
- 7.9.2. By Components
- 7.9.3. By End User
- 7.10. Key Representative Market Participants
- 7.11. Key Participants Market Presence (Intensity Map)
8. Middle East and Africa Thermal Ablation Devices Market Analysis 2019-2023 and Forecast 2024-2031
- 8.1. Introduction
- 8.2. Regional Market Dynamics
- 8.2.1. Drivers
- 8.2.2. Restraints
- 8.2.3. Trends
- 8.3. Historical Market Size (US$ Bn) Analysis By Country, 2019-2023
- 8.3.1. GCC Countries
- 8.3.2. South Africa
- 8.3.3. Rest of MEA
- 8.4. Market Size (US$ Bn) Forecast By Country, , 2024-2031
- 8.4.1. GCC Countries
- 8.4.2. South Africa
- 8.4.3. Rest of MEA
- 8.5. Historical Market Size (US$ Bn) and Volume Analysis By Components, 2019-2023
- 8.5.1. Systems
- 8.5.1.1. Radiofrequency Ablation
- 8.5.1.2. Hydrothermal Ablation
- 8.5.1.3. Microwave Ablation
- 8.5.1.4. Laser Ablation
- 8.5.1.5. Ultrasound Ablation
- 8.5.2. Probes
- 8.5.2.1. Interstitial Probes
- 8.5.2.2. Grounded Probes
- 8.5.2.3. Needle Applicators
- 8.6. Market Size (US$ Bn) and Volume Forecast By Components, 2024-2031
- 8.6.1. Systems
- 8.6.1.1. Radiofrequency Ablation
- 8.6.1.2. Hydrothermal Ablation
- 8.6.1.3. Microwave Ablation
- 8.6.1.4. Laser Ablation
- 8.6.1.5. Ultrasound Ablation
- 8.6.2. Probes
- 8.6.2.1. Interstitial Probes
- 8.6.2.2. Grounded Probes
- 8.6.2.3. Needle Applicators
- 8.7. Historical Market Size (US$ Bn) Analysis By End User , 2019-2023
- 8.7.1. Hospitals
- 8.7.2. Ambulatory Surgical Centers
- 8.7.3. Clinics
- 8.8. Market Size (US$ Bn) and Forecast, By End User , 2024-2031
- 8.8.1. Hospitals
- 8.8.2. Ambulatory Surgical Centers
- 8.8.3. Clinics
- 8.9. Market Attractiveness Analysis
- 8.9.1. By Country
- 8.9.2. By Components
- 8.9.3. By End User
- 8.10. Key Representative Market Participants
- 8.11. Key Participants Market Presence (Intensity Map)
9. Competition Landscape
- 9.1. Market Structure
- 9.2. Market Share Analysis (2024)
- 9.3. Competition Dashboard
- 9.4. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 9.4.1. Medtronic Plc.
- 9.4.2. Boston Scientific Corp.
- 9.4.3. Smith & Nephew Plc.
- 9.4.4. AngioDynamics, Inc.
- 9.4.5. Abbott Laboratories
- 9.4.6. Stryker Corporation
- 9.4.7. Atricure, Inc.
- 9.4.8. Halyard Health, Inc.
- 9.4.9. Hologic, Inc.
- 9.4.10. Johnson & Johnson
- 9.4.11. Olympus Corporation
10. Global Thermal Ablation Devices Market Analysis 2019-2023 and Forecast 2024-2031, By Region
- 10.1. Introduction
- 10.1.1. Basis Point Share (BPS) Analysis By Region
- 10.1.2. Y-o-Y Growth Projections By Region
- 10.2. Historical Market Size Analysis 2019-2023, By Region
- 10.2.1. North America
- 10.2.2. Latin America
- 10.2.3. Europe
- 10.2.4. Asia Pacific
- 10.2.5. Middle East and Africa
- 10.3. Market Size Analysis 2024-2031, By Region
- 10.3.1. North America
- 10.3.2. Latin America
- 10.3.3. Europe
- 10.3.4. Asia Pacific
- 10.3.5. Middle East and Africa
- 10.4. Market Attractiveness Analysis By Region
11. Global Thermal Ablation Devices Market Analysis 2019-2023 and Forecast 2024-2031, By Components
- 11.1. Introduction
- 11.1.1. Basis Point Share (BPS) Analysis By Components
- 11.1.2. Y-o-Y Growth Projections By Components
- 11.2. Historical Market Size (US$ Bn) and Volume Analysis By Components, 2019-2023
- 11.2.1. Systems
- 11.2.1.1. Radiofrequency Ablation
- 11.2.1.2. Hydrothermal Ablation
- 11.2.1.3. Microwave Ablation
- 11.2.1.4. Laser Ablation
- 11.2.1.5. Ultrasound Ablation
- 11.2.2. Probes
- 11.2.2.1. Interstitial Probes
- 11.2.2.2. Grounded Probes
- 11.2.2.3. Needle Applicators
- 11.3. Market Size (US$ Bn) and Volume Forecast By Components, 2024-2031
- 11.3.1. Systems
- 11.3.1.1. Radiofrequency Ablation
- 11.3.1.2. Hydrothermal Ablation
- 11.3.1.3. Microwave Ablation
- 11.3.1.4. Laser Ablation
- 11.3.1.5. Ultrasound Ablation
- 11.3.2. Probes
- 11.3.2.1. Interstitial Probes
- 11.3.2.2. Grounded Probes
- 11.3.2.3. Needle Applicators
- 11.4. Market Attractiveness Analysis By Components
12. Global Thermal Ablation Devices Market Analysis 2019-2023 and Forecast 2024-2031, By End User
- 12.1. Introduction
- 12.1.1. Basis Point Share (BPS) Analysis By End User
- 12.1.2. Y-o-Y Growth Projections By End User
- 12.2. Historical Market Size (US$ Bn) Analysis By End User , 2019-2023
- 12.2.1. Hospitals
- 12.2.2. Ambulatory Surgical Centers
- 12.2.3. Clinics
- 12.3. Market Size (US$ Bn) and Forecast, By End User , 2024-2031
- 12.3.1. Hospitals
- 12.3.2. Ambulatory Surgical Centers
- 12.3.3. Clinics
- 12.4. Market Attractiveness Analysis By End User
13. Global Thermal Ablation Devices Market Analysis 2019-2023 and Forecast 2024-2031
- 13.1. Market Size and Y-o-Y Growth
- 13.2. Absolute $ Opportunity
14. Assumptions and Acronyms Used
15. Research Methodology