The global tumor ablation market is growing considerably, due to increasing awareness of ablation procedure over other surgical and conventional procedures, and increasing demand for minimally invasive cancer treatment procedure. The increasing investment in research and development to introduce novel therapies, such as chemo therapy and radiation therapy, are creating opportunities for the global tumor ablation market.
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On the basis of technology, the global tumor ablation market can be categorized as cryoablation, radiofrequency ablation, microwave ablation and others. The radiofrequency ablation leads the global tumor ablation market in terms of market size, due to its specification of treating target tissues without causing significant damage to the surrounding healthy cells. Whereas, microwave ablation technology is expected to grow at the fastest rate in the coming years, due to increasing private funding and increasing adoption of microwave tumor ablation among healthcare professionals.
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On the basis of treatment, the global tumor ablation market can be segmented as surgical ablation, percutaneous ablation, and laparoscopic ablation. Moreover, on the basis of application, the tumor ablation market can be categorized as liver cancer, lung cancer, bone metastasis and kidney cancer.
Liver cancer leads the global tumor ablation market in terms of market size; whereas, lung cancer is expected to grow with the fastest rate in the forecasted period, due to growing number of lung cancer cases, up surging level of alcohol and cigarette abuse, and increasing private investment to develop innovative lung cancer ablation products.
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Some of the companies operating in the global tumor ablation market are Mermaid Medical A/S, Medtronic PLC, Boston Scientific Corporation, HealthTronics Inc., CONMED Corporation, EDAP TMS S.A., AngioDynamics Inc., Galil Medical Inc., Misonix Inc., Neuwave Medical Inc., Smith & Nephew PLC and Sonacare Medical LLC.