Global Cryoablation Devices Market, By Device Type (Systems, Probes), Application (Prostate Cancer, Renal Cancer, Liver Cancer, Breast Cancer), End User (Hospitals, Ambulatory Surgical Centers, Surgical Clinics), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Cryoablation Devices – Rising Demand for Complex Procedures

Many of the primary hepatic cancers are classified as hepatocellular carcinoma. When a cells resembling the hepatocytes aggregates and forms tumor that is called as hepatocellular carcinoma, which is a malignant tumor. However, the resemblance may vary with the intensity of differentiation. Liver cirrhosis is expected to be closely related to the hepatocellular carcinoma, which is potentially a curable form of tumor and can be treated by surgical resection. However, only such patients those who are having localized disease are surgical candidates. Furthermore, impairment of liver function and degree of localization of the tumor determine patient prognosis proliferation. The various clinical trials offers an alternative treatment options for different patients who are not candidates for resection.

According to the World Health Organization (WHO), the number of new cancer cases is expected to increase by 70% by 2030 as compared to 2012. This increase in cancer cases will support growth of cryoablation devices market, as cryoablation is a preferred treatment for cancer. The change in lifestyle and unhealthy eating habits, along with increasing consumption of tobacco and alcohol is the leading cause for growth in number of cancer cases. As per stats released by National Cancer Institute (NCI), around 1,685,210 new cases of cancer were diagnosed in the U.S. in 2016. According to WHO, cancer was the cause for 8.8 million deaths in 2015.As cryoablation devices have more specificity and help curtail growth of targeted cells effectively, demand for these devices is increasing year-on-year in both developed as well as emerging economies for treatment of cancer. As cryoablation procedure avoids major surgery and thus, has low patient recovery time, it is gaining traction across the globe. The market is expected to gain significant traction in emerging economies of Asia Pacific, due to projected spurt in number of cancer cases detected in the region. According to American Cancer Society, 4.3 million new cancer cases were reported in China in 2015 and this number is continuously increasing year-on-year.

Rising demand for cryoablation for complex procedures and rising geriatric population are expected to favor the growth in the adoption rate for cryoablation procedures around the globe over the forecast period

Economies of China and Japan are among the largest markets for cryoablation devices, given their large geriatric population. Cryoablation, being a minimally-invasive procedure, is highly recommended for treatment of elderly people, characterized by a weaken immune system. As per United Nations Department of Economic and Social Affairs (U.N. DESA), there were 125 million people aged 80 years or over in 2015, which is expected to increase to 434 million by 2050. Furthermore, the number of people aged 60 years or over is estimated to grow by 56% between 2015 and 2030. This rise in number of aged population will support the growth of cryoablation devices market through increase in use of cryoablation devices for the treatment of elder people who cannot undergo open heart surgery.

The global cryoablation devices market is estimated to be valued at US$ 122.1 Mn in 2017 and is expected to witness a robust CAGR of 8.5% during the forecast period (2017 – 2025).

Global Cryoablation Devices Market Analysis, By Application – 2016 & 2025

cryoablation devices market

Source: Coherent Market Insights (2017)

Increase in incidence of cancer is expected to create significant market opportunity for players in the cryoablation devices market

According to W.H.O, in 2017, cancer is one of the leading causes for morbidity and mortality around the globe, with around 14 million cases in 2012, the number of new cancer cases is expected to increase by 70% by 2030. Also as per American Cancer Society, in 2016 estimated 1,685,210 new cancer cases were observed in U.S. The market is expected to gain significant traction in emerging economies of Asia Pacific, due to projected spurt in number of cancer cases detected in the region. According to American Cancer Society, 4.3 million new cancer cases were reported in China in 2015. This increase in cancer cases will support the growth of cryoablation devices market in the future.

As cryoablation devices have more specificity and help curtail growth of targeted cells effectively, demand for these devices is increasing year-on-year for the treatment of cancer, also the market players have opportunity to develop technically advanced devices and tap into major lucrative market in North America, which has recently witnessed the approval of these devices for cancer treatment.

Increase in incidence of cardiac disorders such as cardiac arrhythmia, atrial fibrillation, and atrial flutter expected to fuel the growth in cryoablation devices market

According to Centers for Disease Control and Prevention (CDC), every year, around 610,000 people die due to heart disease in the U.S. Furthermore, around 2.7 to 6.1 million people were suffering from atrial fibrillation in 2013-14 in the U.S., the high incidence of cardiac disorders such as cardiac arrhythmia, atrial fibrillation, and atrial flutter is the another factor leading to the growth of cryoablation devices market.

The growing aging population and obesity rate are the major risk factor for atrial fibrillation. As per W.H.O., worldwide obesity has more than doubled and it is reached to more than 1.9 billion obese population in 2014 from 1980, as well as around 41 million children under the age of 5 were obese in 2014 and this number is continuously on rise in emerging countries. As per the stats of W.H.O. around 10.6 million children who are obese found in Africa in 2014, also close to half of the children under 5 who were obese lived in Asia in 2014. This increase in number of obese population in emerging countries will support to expand the customer base for companies in untapped market.

Some of the major companies in cryoablation devices market are Medtronic Inc, Galil Medical Inc, AtriCure, Inc., IceCure Medical and Sanarus Technologies.

Research Methodology

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In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
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The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

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Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

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