Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 1,448.32 Million | USD 3,857.79 Million | CAGR at 11.42% | 2023 |
According to the report published by Zion Market Research, the global Ultrasonic Tissue Ablation System Market size was valued at USD 1,448.32 Million in 2023 and is predicted to reach USD 3,857.79 Million by the end of 2032. The market is expected to grow with a CAGR of 11.42% during the forecast period. The report analyzes the global Ultrasonic Tissue Ablation System Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Ultrasonic Tissue Ablation System Market industry.
For various kinds of diseases such as cardiac arrhythmias and cancer, an ablation is an advanced option of treatment. The ablation technique involves the procedure of removing the destroyed tissue, abdominal growth, or the harmful substances from the body.
Integra LifeSciences, a popular market leader in the medical technology, announced the launch of its brand new product the CUSA® Clarity ultrasonic tissue ablation system that is specially designed in order to deliver a modern, integrated system for improved performance and for long-lasting surgeon comfort in case of neurosurgeries.
The global market for the ultrasonic tissue ablation system is fragmented into its product type, application, and the end-user industry.
On the basis of the product type, the global market is segregated into magnetic resonance-guided focused ultrasonic ablators, shockwave therapy systems, high-intensity focused ultrasonic ablators, and ultrasonic surgical ablation systems.
On the basis of application, the market is categorized into orthopedic, gynecology, cancer, cardiovascular disease, pain management, urology, and others.
On the basis of the end-user industry, the market is divided into ambulatory surgical centers, specialty care unit, hospital, clinics, and others.
The major factors that are driving the ultrasonic tissue ablation system market are the increasing occurrences of the cardiovascular diseases such as paroxysmal, permanent and persistent atrial fibrillation, and arrhythmia, the growing incidences of cancer and chronic pain, and the rise in the demand for the procedures that are minimally invasive. There has been a rise in the popularity of using the ultrasonic technology in the radiofrequency devices which enables the surgeons to attain the precision and the control over the selected dissections of hard or soft tissues thus fuelling the growth of the ultrasonic tissue ablation system market.
The opportunities for the market growth are increasing at a rapid rate due to the technological advancements that are made in the ultrasonic tissue ablation system and the rise in the mergers and acquisitions by the emerging economies propels the market to grow. There are certain factors that are limiting the growth of the market such as the availability of the alternative devices and treatments, the high cost of the treatment and the lack of awareness about the devices.
Report Attributes | Report Details |
---|---|
Report Name | Ultrasonic Tissue Ablation System Market Research Report |
Market Size in 2023 | USD 1,448.32 Million |
Market Forecast in 2032 | USD 3,857.79 Million |
Growth Rate | CAGR of 11.42% |
Number of Pages | 196 |
Key Companies Covered | Misonix Inc., Insightec Ltd., Alpinion Medical Systems Co., Ltd., Ethicon, Inc., SonaCare Medical, LLC., Integra Life Sciences Corporation, Chongqing Haifu Medical Technology Co. Ltd., and others. |
Segments Covered | By Product type, By Application, By End-user industry and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The maximum share in the ultrasonic tissue ablation market is held by the North America. The WHO had proposed that in the developed regions especially in the U.S. and several countries of Europe, the geriatric population will increase. Thus, the demand for the ultrasonic tissue ablation system will increase in the coming years. In the Asia Pacific region, the rapid economic development has increased the facilities in the healthcare thus increasing the opportunities for the ultrasonic tissue ablation system. The other factor that will contribute to the market growth in Asia Pacific region is the growing aging population.
The key market players that are involved in the ultrasonic tissue ablation system market include:
By Product type
By Application
By End-user industry
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