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North America Ablation Devices Market Size (2024 - 2029)

The North America Ablation Devices Market is anticipated to experience significant growth, driven by the increasing prevalence of diseases such as cancer and cardiac conditions, which boost the demand for ablation procedures. Technological advancements and the rising preference for minimally invasive treatment options are further contributing to the expansion of the market. Additionally, the growing ageing population, which is at a higher risk for these diseases, is a crucial factor enhancing the market's scope. Despite these positive trends, the market faces challenges due to stringent regulatory frameworks that extend the product launch timeline, potentially hindering overall market growth.

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Market Size of North America Ablation Devices Industry

North America Ablation Technologies Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.50 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

North America Ablation Technologies Market Analysis

The North America Ablation Devices Market is expected to register a CAGR of nearly 8.5 % during the forecast period. Rising incidences of diseases such as cancer and cardiac ailments are expected to boost the demand for ablation procedures. The technological advancements to design high-end products and growing demand for treatment procedures, which are minimally invasive are also expected to boost the ablation technologies market.

Furthermore, the rising number of the ageing population having a higher risk of target diseases is another vital factor driving the demand for ablation procedures.

According to the Canadian Cancer Statistics 2019 report, it is estimated that nearly 1 in 2 Canadians will be diagnosed with cancer in their lifetime. An estimated 220,400 new cases of cancer are diagnosed in Canada in 2019. The number of cases in males (113,000) was expected to be slightly higher than in females (107,400).

Therefore, the rising prevalence of cancer and other chronic diseases is expected to show significant growth over the forecast period. However, stringent regulatory framework leading to an increase in the gestation period for product launches is also a market challenge which is hindering the market growth.

North America Ablation Technologies Industry Segmentation

As per the scope of the report, ablation generally refers to the removal of a part of biological tissue, usually by surgery. Ablation devices offer a minimally invasive alternative to traditional surgical treatment of liver, prostate, kidney and lung cancers. The North America Ablation Devices market is segmented by technology, application, end-User, and geography.

By Device Technology
Radiofrequency Devices
Laser/Light Ablation
Ultrasound Devices
Cryoablation Devices
Other Devices
By Application
Cancer Treatment
Cardiovascular Disease Treatment
Ophthalmologic Treatment
Gynecological Treatment
Urological Treatment
Cosmetic Surgery
Other Applications
By End-Users
Hospitals
Ambulatory Surgical Centers
Other End-Users
Geography
North America
United States
Canada
Mexico
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North America Ablation Devices Market Size Summary

The North America Ablation Devices Market is poised for significant growth, driven by the increasing prevalence of diseases such as cancer and cardiac conditions. The demand for minimally invasive treatment procedures is on the rise, supported by technological advancements in the development of high-end ablation products. The ageing population, which is more susceptible to these diseases, further fuels the demand for ablation procedures. Despite the challenges posed by a stringent regulatory framework that extends the product launch timeline, the market is expected to expand due to the rising incidence of chronic diseases and the need for effective treatment solutions.

North America's robust healthcare infrastructure and substantial investment in cancer research and development are key factors contributing to the market's growth. The region's healthcare system is better equipped compared to other global regions, and this advantage is expected to drive the ablation devices market forward. Major players such as Abbott, AngioDynamics, Inc., AtriCure, Inc., and Boston Scientific Corporation dominate the market, holding significant shares. The competitive landscape is moderately concentrated, with these companies leading the charge in innovation and market presence, ensuring the market's continued expansion over the forecast period.

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North America Ablation Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rise in the Prevalence of Chronic Diseases

      2. 1.2.2 Emergence of Next-generation Ablation Products and Technology

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Device and Stringent Regulations

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Device Technology

      1. 2.1.1 Radiofrequency Devices

      2. 2.1.2 Laser/Light Ablation

      3. 2.1.3 Ultrasound Devices

      4. 2.1.4 Cryoablation Devices

      5. 2.1.5 Other Devices

    2. 2.2 By Application

      1. 2.2.1 Cancer Treatment

      2. 2.2.2 Cardiovascular Disease Treatment

      3. 2.2.3 Ophthalmologic Treatment

      4. 2.2.4 Gynecological Treatment

      5. 2.2.5 Urological Treatment

      6. 2.2.6 Cosmetic Surgery

      7. 2.2.7 Other Applications

    3. 2.3 By End-Users

      1. 2.3.1 Hospitals

      2. 2.3.2 Ambulatory Surgical Centers

      3. 2.3.3 Other End-Users

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

North America Ablation Devices Market Size FAQs

The North America Ablation Devices Market is projected to register a CAGR of 8.5% during the forecast period (2024-2029)

Abbott Laboratories, Boston Scientific Corporation, Johnson and Johnson (Biosense Webster, Inc), Medtronic PLC and AngioDynamics, Inc are the major companies operating in the North America Ablation Devices Market.

North America Ablation Devices Report Snapshots

North America Ablation Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)