The Global Ablation Devices Market was valued at US$ 3,330.0 million in 2016 and is projected to expand at a CAGR of 10.9% during the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. Growing popularity of minimally invasive surgical procedures is expected to be the major factor driving growth of the global ablation devices market over the foreseeable future.
Arrhythmia is a common type of cardiovascular disorder that affects a large population worldwide. states that atrial fibrillation is a growing serious health disorder that had affected 33.5 million people worldwide, which accounts 0.5% of total population share, in 2013. With the help of ablation devices, a large number of people suffering from these alarming diseases are now able to receive proper treatments.
Ablation devices are also used for the treatment of tumorigenic diseases such as cancer and several other serious diseases including neurological and small brain tumors. These devices are experiencing significant demand in the current healthcare scenario due to their efficacy and ease of use. Ablation offers numerous advantages over conventional surgery, in terms of increased safety, decreased scarring, and faster recovery. According to American Society of Plastic Surgeons, 5.8 million reconstructive minimally invasive surgeries were performed in 2013.
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According to a research article published in the Heart Rhythm Journal in 2014, catheter ablation is a safe, beneficial, and effective technique that helps in maintaining sinus rhythm. Moreover, risk of strokes and mortality rates are low when catheter ablation is used, as compared to regular surgical procedures. These devices play a major role in serving the geriatric patients and younger patients. As the duration for recovery is minimal using ablation, patients can resume their everyday chores within a less span of time after the surgery. Moreover, various types and techniques of performing ablation provides a wide array of choices to the patients and healthcare practitioners to choose a suitable type. For instance, according to a study published in the Journal of Atrial Fibrillation in 2015, cryoablation technique is better suited for the treatment of atrio-ventricular nodal re-entry tachycardia (AVNRT) when compared to radiofrequency ablation, as chances of permanent AV block are very less in cryoablation than in radiofrequency. Laser ablation is suggested by the doctors from Seattle Children for the treatment of epilepsy and brain tumors even in young children, as old as 2 years, owing to the safety and precision offered by this technique. Therefore, the demand for ablation devices is expected to increase over the forecast period, creating lucrative opportunities for the market players to grab more sales by introducing cost-efficient and innovative devices.
Key Takeaways of the Ablation Devices Market:
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