What is Global Microwave Ablation Devices Market?
The Global Microwave Ablation Devices Market is a vast and dynamic sector that encompasses a wide range of medical devices used in the treatment of various health conditions. These devices use microwave energy to ablate or destroy abnormal tissue, and their use is becoming increasingly popular in the medical field due to their effectiveness and minimal invasiveness. The market is continually evolving, with new technologies and applications being developed regularly. As of 2023, the market was valued at a substantial US$ 350 million, indicating a strong demand for these devices worldwide. The market is expected to grow even further, reaching an estimated value of US$ 682.1 million by 2030. This growth is driven by several factors, including advancements in technology, increasing prevalence of diseases requiring ablation procedures, and growing awareness about the benefits of microwave ablation devices.
Equipments, Consumables in the Global Microwave Ablation Devices Market:
The Global Microwave Ablation Devices Market is segmented into various categories based on the type of equipment and consumables used. These include ablation generators, single-use antennas, reusable antennas, and consumables such as needles and probes. Each of these components plays a crucial role in the functioning of the microwave ablation device. The ablation generator is the heart of the device, generating the microwave energy used in the procedure. The antennas, both single-use and reusable, are responsible for delivering this energy to the target tissue. The needles and probes are used to guide the antennas to the correct location. The market for each of these components is influenced by factors such as technological advancements, cost-effectiveness, ease of use, and patient safety.
Oncology, Cardiovascular, Urology, Gynecology, Others in the Global Microwave Ablation Devices Market:
The Global Microwave Ablation Devices Market finds its applications in various medical fields including Oncology, Cardiovascular, Urology, Gynecology, among others. In Oncology, these devices are used to treat various types of cancers, including liver, lung, kidney, and bone cancers. In Cardiovascular, they are used in the treatment of cardiac arrhythmias. In Urology, they are used for the ablation of kidney stones and tumors. In Gynecology, they are used for the treatment of uterine fibroids. The use of these devices in these fields has proven to be highly effective, offering a minimally invasive alternative to traditional surgical procedures.
Global Microwave Ablation Devices Market Outlook:
Looking at the market outlook, the Global Microwave Ablation Devices Market has shown significant growth over the years. In 2023, the market was valued at US$ 350 million. This value is expected to almost double by 2030, reaching an estimated US$ 682.1 million. This represents a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period from 2024 to 2030. This growth can be attributed to several factors, including advancements in technology, increasing prevalence of diseases requiring ablation procedures, and growing awareness about the benefits of microwave ablation devices.
| Report Metric | Details |
| Report Name | Microwave Ablation Devices Market |
| Accounted market size in 2023 | US$ 350 million |
| Forecasted market size in 2030 | US$ 682.1 million |
| CAGR | 10.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Medtronic, AngioDynamics, NeuWave Medical (Johnson & Johnson), MedWaves, Perseon, Emblation Microwave, Miramar Labs, Symple Surgical, Tactile Medical, Urologix |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
