Ablation refers to minimally
invasive procedures which entail the surgical excision of body tissues.
Ablation procedures are gaining rapid popularity across the globe on account of
the fact that they are used in minimally invasive ablation procedures. Lower
risk of damage to tissues, lower risk of infection, quick recovery and cost
effectiveness of ablation are some of the major drivers of this market.
Minimally invasive medical procedures gain precedence over invasive procedures
owing to the facts that the former includes relatively lower post procedural
risks, shorter recovery time and hospital stays. A surge in the demand of
minimally invasive procedures on account of the aforementioned attributes will
drive the growth of Ablation Technology market. In addition, growing base of
geriatric population across the world clubbed with rising incidence rates of
target conditions such as cancer and urological diseases will serve the global
Ablation
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Technology market as high impact
rendering drivers. Growing adoption of ablation procedures in emerging
economies such as India, China, Russia and Brazil owing to the presence of high
unmet medical needs and rising per capita healthcare expenditure in these
countries, will fuel the future growth of the market. The electrical ablation
and radiation ablation segment together hold the majority of the market share.
High prevalence of cardiovascular diseases especially atrial fibrillation and
high usage rates of electrical ablation in the treatment of this disease
attributes to its high market share. North America dominates the overall
market in terms of market share owing to the rising demand of minimally
invasive procedures and growing usage rates of ablation procedures. North
America is followed by Europe. Asia Pacific region is one of the fastest
growing regions due to various factors such as increasing awareness, growing
population, increasing income, eating habits, changing lifestyle etc. Major
market players include Arthocare Corporation, Accuray, Biosense Webster, Smith
& Nephew, Varian Medical Systems, Olympus Corporation etc.
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Research: http://www.grandviewresearch.com/industry/medical-devices
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