According to study, “Global Microwave Ablation Market
Trends and Drivers, Restraints, and Opportunities 2017-2023”
some of the major companies that are currently working in the global microwave
ablation market are Medtronic PLC, BSD Medical, Covidien, Tactile medical, Johnson
& JohnsonServices Inc., AngioDynamics Inc., MedWaves Inc., ECO, Perseon
Medical, Valley Lab Covidien, Emblation Microwave Ltd., Vision Medical USA, MOSS
S.P.A, Terumo Corporation, MimaPro, ProstaLund, Delta Medisains, Miramar Labs
Inc., Symple Surgical, Neu Wave Medical, Urologix, LLC. These key players are
constantly focusing on launching a long-term contract with distributors for growing
the sales of microwave ablation systems particularly in the high penetrating
markets for instance the U.S. The competition is mainly based on the design &
manufacturing cost of a product. Local manufacturers offer products at low
costs evaluated with global players, which allow consumers to choose from a
wide selection of products.
Microwave ablation is a new
therapy that is used generally in the field of oncology. It includes soft
tissue ablation and tumor ablation. Soft tissue ablation includes heart
arrhythmias, amenorrhea, cosmetic treatment and bone metastases. Tumor ablation
includes lung, liver, renal, prostate, kidney and adrenal. Some of the essential
features are shorter duration of procedural time, faster heating, independent
of wall pressure, more uniform heating zone, less dependent on tissue
properties, larger heating zone, no grounding pad or second pole necessary, do
not require long hospital stay, and less vulnerable to heat sink effects etc.
Based on the product, the
microwave ablation market is segmented into consumables and equipment. Based on
the component type, the market is segmented into power distribution system,
generator and accessories. Based on the application, the market is segmented
into cardiovascular, oncology, urology, gynecology, and others. Based on
end-users, the market is segmented into hospitals, ambulatory surgical centers,
and physicians' offices.
The market of microwave ablation
is primarily driven by growing popularity on minimally invasive surgeries. Some
of the other driving factors are rise in number of tumor ablation procedure, increase
in disposable income, increased adoption of microwave systems for better
support, improved patient outcome, change in the lifestyle of people &
unhealthy eating habit increase in prevalence of chronic disorders, focus on
early prevention. Apart from advantages, the factors hampering the market include
lack of skilled surgeons, high cost, presence of alternatives and stringent
regulatory approval of devices etc. In addition, some of the new trends
impactinginclude advancement in technology, increasing adoption of laparoscopic
& robotic supported microwave ablation technique and high growth potential
in the emerging economies.
The North-America region holds the
largest followed by Europe. The use of microwave ablation market have increased
on an account of occurrence of cancer among people typically because of their
consumption habits & presence of major leading producers of microwave
ablation system. During the forecast period 2017-2023, it is predicted that the
global microwave ablation market to grow at a CAGR of 14.8 %. It is expected
that the market to reach at USD 823.6 million, by 2023. It is also anticipated
that the future of the market will be bright due to rise in healthcare
infrastructure & awareness concerning treatment of tumors.
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Ankur Gupta, Head Marketing & Communications
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
