Global Tissue Ablation Market Expected to Reach $16.02 Billion by 2028: Impact of Rising Cancer Incidence Explored

Dublin, Oct. 18, 2023 (GLOBE NEWSWIRE) -- The "Global Tissue Ablation Market (2023-2028) by Type, Technology, Indication, Treatment, Application, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Tissue Ablation Market is estimated to be USD 11.08 Bn in 2023 and is expected to reach USD 16.02 Bn by 2028, growing at a CAGR of 7.65%.

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Tissue Ablation Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Tissue Ablation Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Tissue Ablation Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Segmentation

The Global Tissue Ablation Market is segmented based on Type, Technology, Indication, Treatment, Application, and Geography.

• By Type, the market is classified into Minimally Invasive Surgery and Open Surgery.
• By Technology, the market is classified into Radiofrequency Ablation, Ultrasound Ablation, Laser-Based Ablation, Irreversible Electroporation, Cryoablation Devices, Microwaves Ablation, Hydrothermal Ablation, and External Beam Radiation Therapy (EBRT).
• By Indication, the market is classified into Cardiovascular Diseases, Obesity, Chronic Obstructive Pulmonary Disease (COPD), Urology Disorders, Joint Pains, and Others.
• By Treatment, the market is classified into Surgical ablation, Laparoscopic ablation, and Percutaneous ablation.
• By Application, the market is classified into Kidney Cancer, Liver Cancer, Breast Cancer, Lung Cancer, Prostate Cancer, and Others.
• By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Market Dynamics

Drivers

• Rising Incidence of Cancer Patients
• Growing Demand for Minimally Invasive Surgeries
• Rising Prevalence of Chronic Diseases and Geriatric Population
• Increased Use of Medical Lasers for Oncology Procedures

Restraints

• Stringent Regulations & Approvals
• Presence of Alternative Treatment Options

Opportunities

• Growing Technological Advancements in Ablation Devices
• Development in Robotic Navigation Technologies
• Accessibility to Advanced Laser Ablation Treatments

Challenges

• Dearth of Skilled Professionals

Companies Mentioned

• Abbott Laboratories
• Alpinion Medical System
• Atricure, Inc.
• AngioDynamics
• Biosense Webster, Inc.
• Boston Scientific Corp.
• C.R. Bard, Inc.
• Chongqing Haifu Medical Technology Co.
• EDAP TMS S.A.
• Ethicon, Inc.
• Galil Medical, Inc.
• HealthTronics, Inc.
• HS Hospital Service S.p.A
• Medtronic PLC
• Mermaid Medical
• Misonix, Inc.
• Neuwave Medical, Inc.
• Olympus Corp.
• Smith and Nephew PLC
• SonaCare Medical
• Stryker Corp.

Key Attributes:

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• Global Tissue Ablation Market