According to the latest report published by Credence Research, Inc. “Cryoablation Devices Market (Device Type: Cryoablation Systems, Cryoablation Catheters or Probes; Application Type: Cancer, Cardiac Arrhythmia, Obstetrics & Gynecology, Pain Management, Ophthalmic Diseases and Others)– Growth, Future Prospects and Competitive Analysis, 2017–2025,” the global market for cryoablation devices was valued at US$ 0.98 billion in 2016 and is expected to reach US$ 1.89 billion by 2025, increasing to CAGR by 7.5% from 2017 to 2025.
Browse the full report at https://www.credenceresearch.com/report/cryoablation-devices-market
Market Insights
Cryoablation is a novel way of destroying diseased cells by freezing them without influencing their surrounding healthy tissues. This successful technique is gaining more recognition in the medical sector owing to a secure and effective strategy, best results, minimal complication and low risk. Cryoablation is performed by inserting a probe into the impacted site that supplies nitrogen or argon gas to destroy the target cells.
Growing incidence of cancer around the globe is a main driver of the market for cryoablation instruments. The research by the American Cancer Society anticipated that the worldwide burden of cancer is expected to reach 21,7 million in 2030. This growing amount of instances has a positive impact on the global market for cryoablation machines due to its effective clinical outcome. A research study by the American Heart Association on Worldwide Epidemiology of Atrial Fibrillation shows that 33.5 million individuals had atrial fibrillation in 2010, and it is estimated that the impacted population will double in the US by 2050. This sharply increasing trend of cardiac disorder as a consequence of quickly altering lifestyles and dietary habits is probable to boost this industry’s development. Growing preference for minimally invasive medical intervention, low chances of scarring, negligible pain and fast recovery support the significant growth potential of the cryoablation devices industry. Growing adoption of cryoablation devices among physicians and reduced prices are anticipated to increase the cryoablation device market in the future. However, the longer duration of the operation and the likelihood of recurrence could have a negative effect on this industry.
On the basis of device kinds, cryoablation catheters and probes are the leading segment of cryoablation systems ascribed to the use of various probes in a single medical procedure. Among the application type, the growing global burden of cancer is regarded to drive the cryoablation devices industry globally and is expected to hold the highest share.
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Geographically, North America dominated the cryoablation device market followed by Europe in 2016. Developed healthcare infrastructure, accessible sophisticated medical technology and its greater uptake are the main variables that contribute to the development of the cryoablation devices industry in these areas. The Asia-Pacific region is expected to see important development in the market for cryoablation instruments owing to a big population pool, improving public health consciousness and improving healthcare infrastructure.
Market Competition Assessment:
The cryoablation devices market presently comprises various companies having their products marketed. The manufacturers are developing new innovative products and the market is growing as a result of increasing adoption and accessibilities of these products. The key industry players include Medtronic Plc., Galil Medical Inc., Icecure Medical, Sanarus, AtriCure, Inc., AFreeze and other notable players.
Key Market Movements:
The increasing public awareness regarding to better health, favorable reimbursement policies, utilization of advanced technologies, devices with improved maneuverability propel the growth of cryoablation devices market.
Lack of trained healthcare personnel and high price of device are some challenging factors for the growth of cryoablation devices market in developing nations.
By Device Type
Cryoablation Systems
Cryoablation Catheters or Probes
By Application Type
Cancer
Breast Cancer
Liver Cancer
Prostate Cancer
Bone Cancer
Renal Cancer
Other Cancer (Skin cancer, Lung cancer)
Cardiac Arrhythmia
Obstetrics & Gynecology
Pain Management
Ophthalmic Diseases
Others
By Geography Segment
North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Latin America
Do Inquiry before buying report at https://www.credenceresearch.com/inquiry-before-buying/58791
Browse the full report at https://www.credenceresearch.com/report/cryoablation-devices-market
Market Insights
Cryoablation is a novel way of destroying diseased cells by freezing them without influencing their surrounding healthy tissues. This successful technique is gaining more recognition in the medical sector owing to a secure and effective strategy, best results, minimal complication and low risk. Cryoablation is performed by inserting a probe into the impacted site that supplies nitrogen or argon gas to destroy the target cells.
Growing incidence of cancer around the globe is a main driver of the market for cryoablation instruments. The research by the American Cancer Society anticipated that the worldwide burden of cancer is expected to reach 21,7 million in 2030. This growing amount of instances has a positive impact on the global market for cryoablation machines due to its effective clinical outcome. A research study by the American Heart Association on Worldwide Epidemiology of Atrial Fibrillation shows that 33.5 million individuals had atrial fibrillation in 2010, and it is estimated that the impacted population will double in the US by 2050. This sharply increasing trend of cardiac disorder as a consequence of quickly altering lifestyles and dietary habits is probable to boost this industry’s development. Growing preference for minimally invasive medical intervention, low chances of scarring, negligible pain and fast recovery support the significant growth potential of the cryoablation devices industry. Growing adoption of cryoablation devices among physicians and reduced prices are anticipated to increase the cryoablation device market in the future. However, the longer duration of the operation and the likelihood of recurrence could have a negative effect on this industry.
On the basis of device kinds, cryoablation catheters and probes are the leading segment of cryoablation systems ascribed to the use of various probes in a single medical procedure. Among the application type, the growing global burden of cancer is regarded to drive the cryoablation devices industry globally and is expected to hold the highest share.
Download Free PDF Sample Request: https://www.credenceresearch.com/sample-request/58791
Geographically, North America dominated the cryoablation device market followed by Europe in 2016. Developed healthcare infrastructure, accessible sophisticated medical technology and its greater uptake are the main variables that contribute to the development of the cryoablation devices industry in these areas. The Asia-Pacific region is expected to see important development in the market for cryoablation instruments owing to a big population pool, improving public health consciousness and improving healthcare infrastructure.
Market Competition Assessment:
The cryoablation devices market presently comprises various companies having their products marketed. The manufacturers are developing new innovative products and the market is growing as a result of increasing adoption and accessibilities of these products. The key industry players include Medtronic Plc., Galil Medical Inc., Icecure Medical, Sanarus, AtriCure, Inc., AFreeze and other notable players.
Key Market Movements:
The increasing public awareness regarding to better health, favorable reimbursement policies, utilization of advanced technologies, devices with improved maneuverability propel the growth of cryoablation devices market.
Lack of trained healthcare personnel and high price of device are some challenging factors for the growth of cryoablation devices market in developing nations.
By Device Type
Cryoablation Systems
Cryoablation Catheters or Probes
By Application Type
Cancer
Breast Cancer
Liver Cancer
Prostate Cancer
Bone Cancer
Renal Cancer
Other Cancer (Skin cancer, Lung cancer)
Cardiac Arrhythmia
Obstetrics & Gynecology
Pain Management
Ophthalmic Diseases
Others
By Geography Segment
North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Latin America
Do Inquiry before buying report at https://www.credenceresearch.com/inquiry-before-buying/58791
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