ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has recently published a research report titled “Ablation Technologies Market (Applications: Cardiovascular, Gynecology, Pain Management, Oncology, Urology, Ophthalmology; Technologies: Radiofrequency, Light/Laser, Electrical, Ultrasound, Microwave, Cryotherapy)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”. The market was worth US$4,698 million in 2013 and it is estimated to reach US$10,611 million in 2020, increasing at a CAGR of 12.1% during 2014 to 2020.
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The global ablation technologies market has been analyzed on three fronts: application, technology, and region. Application wise, the market is classified into cardiovascular, pain management, urology, gynecology, oncology, and opthamology. Oncology is expected to be the fastest growing application category of ablation technologies market with a CAGR of 13.1% during 2014 to 2020.
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Based on technology, the market is categorized into radiofrequency, electrical, light/laser, microwave, ultrasound, cryotherapy and others. RF ablation is estimated to dominate the ablation technologies market in terms of revenue and reach approximately US$4.2 billion worldwide by 2020. Geographically, North America accounted for the largest share in the ablation technologies market in 2013 followed by Europe. Other regions operating in this market are Asia pacific and ROW.
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The research report discuss in details about the major growth drivers for ablation technologies market such as increasing demand for discreet surgical technologies and rise in prevalence of chronic diseases such as cardiovascular disorders, gynecological disorders, cancer, varicose veins and orthopedic problems.
Article: http://www.transparencymarketresearch.com/article/ablation-technologies-market.htm
Increasing adoption of ablation technologies and devices in cosmetological sector such as psoriasis and adipose tissue ablation for treatment of obesity are other major drivers of ablation technologies market. However, the highly expensive treatment, low medical and healthcare penetration, unstable reimbursement policies, and economic slowdown can hamper the growth of this market to some extent.
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Transparency Market Research is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.
