腫瘍切除市場 : 2029年までの世界予測

Tumor Ablation Market - Global Forecast to 2029

腫瘍切除市場 : テクノロジー(高周波、マイクロ波、レーザー、IRE、HIFU、冷凍アブレーション)、製品(ジェネレーター、プローブ)、モード(外科、腹腔鏡、経皮)、がん(肝臓、肺、骨)、エンドユーザー別の市場規模、シェア&トレンド(病院、クリニック) と地域別 - 2029年までの世界予測
Tumor Ablation Market Size, Share & Trends by Technology (Radiofrequency, Microwave, Laser, IRE, HIFU, Cryoablation), Product (Generators, Probes), Mode (Surgical, Laparoscopic, Percutaneous), Cancer (Liver, Lung, Bone), End User (Hospitals, Clinic) & Region - Global Forecast to 2029
出版MarketsandMarkets
出版年月2024年5月
ページ数192
図表数202
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global tumor ablation market is projected to reach USD 1.4 billion by 2029 from USD 0.8 billion in 2024, at a CAGR of 10.0% from 2024 to 2029. Aging population, coupled with a rise in tumor cases such as osteoid osteoma, has increased the demand for these products. Moreover, increased awareness of ablation procedures over conventional procedures has driven demand for tumor ablation systems.

腫瘍切除市場 : 2029年までの世界予測

“The radiofrequency ablation segment of technology segment held the largest share of the market in 2023”
The tumor ablation market is segmented based on technology into radiofrequency ablation, microwave ablation, laser ablation, high-intensity focused ultrasound (HIFU), cryoablation, and irreversible electroporation (IRE). As the global population ages, conditions affecting the major organs are more prevalent, contributing to the demand for supportive and rehabilitative solutions. Additionally, advancements in technology have led to the development and incorporation of ablation systems, expanding the market further.

“The generators segment is projected to register the highest CAGR during the forecast period.”
Based on product type, the tumor ablation market is segmented into generators and probes/electrodes. The generators segment accounted for the largest market share in 2023. The probes/electrodes market is witnessing growth due to recent regulatory approvals of ablation systems and favourable reimbursement policies. The probes/electrodes have undergone certain technological advancements supporting the precise ablation procedure. The growing awareness of the importance of early detection and the shift towards value-based healthcare has also contributed to the increasing demand for soft and elastic braces and its growing market.

“The laparoscopic ablation segment for mode of treatment segment is projected to register a significant CAGR during the forecast period.”
Based on mode of treatment, the tumor ablation market is segmented into surgical ablation, laparoscopic ablation, and percutaneous ablation . The surgical ablation segment accounted for the largest market share in 2023. Growing investments in R&D and rising demand for less invasive alternative is driving the growth of this segment.

“The liver cancer segment for application segment held held the largest share of the market in 2022”.
Based on application, the tumor ablation market is segmented into liver cancer, lung cancer, bone cancer, kidney cancer, and other applications. The liver cancer was the major segment, accounted for the largest share of the tumor ablation market in 2023. Rising cancer incidence is supported by the increasing aging population. This ultimately drives the adoption of tumor ablation systems. A rising number of campaigns for the early detection of symptoms is also contributing to the increasing utilization of ablation treatment in end-user facilities.

“The cancer care center segment for the end user segment is projected to register a significant CAGR during the forecast period.”
The tumor ablation market is segmented by end user into hospitals and clinics, cancer care centers, and ambulatory surgery centers. The hospitals and clinics segment accounted for a significant market share in 2023. The emphasis on non- and minimally invasive treatment among the geriatric population helps the growing preference for ablation treatment solutions, driving the integration of tumor ablation systems into hospital settings.

“The market in the North America region is expected to witness the highest growth during the forecast period.”
The North America tumor ablation market is expected to hold a major share during the forecast period. The US market holds a dominating position in the North American market, primarily due to the region’s high healthcare spending, rising prevalence of target diseases, a growing number of non-invasive treatments, and technological advancements in ablation systems.

腫瘍切除市場 : 2029年までの世界予測 region

A breakdown of the primary participants referred to for this report is provided below:
• By Company Type: Tier 1–30%, Tier 2–42%, and Tier 3– 28%
• By Designation: Director-level–10%, C-level–14%, and Others–76%
• By Region: North America–40%, Europe–30%, Asia Pacific–22%, Latin America–6%, and the Middle East & Africa–2%

The prominent players in the tumor ablation market are Medtronic Plc (Ireland), Johnson & Johnson MedTech (US), Stryker Corporation (US), Varian Medical Systems, Inc. (US), AngioDynamics, Inc. (US), Boston Scientific Corporation (US) among others.

Research Coverage

This report studies the tumor ablation market based on technology, product type, mode of treatment, application, end user, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions).

Reasons to Buy the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall tumor ablation market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

This report provides insights on the following pointers:
• Analysis of key drivers (increasing cancer incidence and rising geriatric population, rising focus on minimally invasive procedures, technological advancements in the field of tumor ablation, rising number of awareness campaigns and early detection), restraints (high cost of tumor ablation systems, unfavorable reimbursement scenario), opportunities (rising healthcare expenditure across emerging countries, increasing number of hospitals), and challenges (rising adoption of refurbished tumor ablation systems, hospital budget cuts) influencing the growth of the tumor ablation market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the tumor ablation market
• Market Development: Comprehensive information about lucrative markets–the report analyses the tumor ablation market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the tumor ablation market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players – such as Johnson & Johnson (US), Medtronic Plc (Ireland), Stryker Corporation (US), Varian Medical Systems, Inc. (US), Olympus (Japan), AngioDynamics, Inc. (US), Boston Scientific Corporation (US) among others.

Table of Contents

1            INTRODUCTION            27

1.1         STUDY OBJECTIVES      27

1.2         MARKET DEFINITION   27

1.2.1      INCLUSIONS & EXCLUSIONS     27

1.3         MARKET SCOPE             28

1.3.1      MARKETS COVERED     28

1.3.2      YEARS CONSIDERED     28

1.3.3      CURRENCY CONSIDERED          29

1.4         RESEARCH LIMITATIONS           29

1.5         KEY STAKEHOLDERS    29

1.6         SUMMARY OF CHANGES            30

1.7         RECESSION IMPACT      30

2            RESEARCH METHODOLOGY     31

2.1         RESEARCH DATA           31

FIGURE 1           RESEARCH DESIGN       31

2.1.1      SECONDARY RESEARCH             32

2.1.2      PRIMARY RESEARCH     33

2.1.2.1   Primary sources   33

2.1.2.2   Key industry insights          34

2.1.2.3   Breakdown of primaries     34

FIGURE 2           BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS 34

FIGURE 3           BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION    35

2.2         MARKET SIZE ESTIMATION       35

FIGURE 4           RESEARCH METHODOLOGY: HYPOTHESIS BUILDING  36

2.2.1      BOTTOM-UP APPROACH           37

2.2.1.1   Approach 1: Company revenue estimation approach    37

FIGURE 5           TUMOR ABLATION MARKET SIZE ESTIMATION: APPROACH 1 (COMPANY REVENUE ESTIMATION)     37

2.2.1.2   Approach 2: Customer-based market estimation          38

FIGURE 6           TUMOR ABLATION MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH       38

2.2.1.3   Growth forecast   39

2.2.1.4   CAGR projections             39

FIGURE 7           CAGR PROJECTION: SUPPLY-SIDE ANALYSIS     39

2.3         DATA VALIDATION APPROACH             40

FIGURE 8           DATA TRIANGULATION METHODOLOGY         40

2.4         MARKET SHARE ASSESSMENT   41

2.5         STUDY ASSUMPTIONS  41

2.6         GROWTH RATE ASSUMPTIONS 41

2.7         RISK ASSESSMENT         42

2.8         RECESSION IMPACT ANALYSIS 42

3            EXECUTIVE SUMMARY 43

FIGURE 9           TUMOR ABLATION MARKET, TECHNOLOGY, 2024 VS. 2029 (USD MILLION) 43

FIGURE 10         TUMOR ABLATION MARKET, BY PRODUCT TYPE, 2024 VS. 2029 (USD MILLION) 44

FIGURE 11         TUMOR ABLATION MARKET, BY MODE OF TREATMENT,  2024 VS. 2029 (USD MILLION)             44

FIGURE 12         TUMOR ABLATION MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION) 45

FIGURE 13         TUMOR ABLATION MARKET, BY END USER, 2024 VS. 2029 (USD MILLION)          45

FIGURE 14         TUMOR ABLATION MARKET: GEOGRAPHIC SNAPSHOT              46

4            PREMIUM INSIGHTS      47

4.1         TUMOR ABLATION MARKET OVERVIEW            47

FIGURE 15         RISING PREVALENCE OF CANCER TO DRIVE MARKET GROWTH          47

4.2         NORTH AMERICA: TUMOR ABLATION MARKET, BY TECHNOLOGY              47

FIGURE 16         MICROWAVE ABLATION SEGMENT TO REGISTER SIGNIFICANT GROWTH IN NORTH AMERICA DURING FORECAST PERIOD              47

4.3         EUROPE: TUMOR ABLATION MARKET, BY APPLICATION           48

FIGURE 17         LIVER CANCER SEGMENT TO DOMINATE MARKET IN EUROPE DURING FORECAST PERIOD     48

4.4         ASIA PACIFIC: TUMOR ABLATION MARKET, BY END USER          48

FIGURE 18         HOSPITALS & CLINICS SEGMENT TO CONTINUE TO HOLD LARGEST SHARE IN ASIA PACIFIC MARKET        48

4.5         GEOGRAPHIC SNAPSHOT OF TUMOR ABLATION MARKET        49

FIGURE 19         CHINA TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD              49

5            MARKET OVERVIEW     50

5.1         INTRODUCTION            50

5.2         MARKET DYNAMICS     50

FIGURE 20         TUMOR ABLATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    50

5.2.1      DRIVERS            51

5.2.1.1   Increasing cancer incidence and rising geriatric population        51

5.2.1.2   Rising focus on minimally invasive procedures             51

5.2.1.3   Technological advancements in field of tumor ablation 51

5.2.1.4   Rising number of awareness campaigns and early detection       52

5.2.2      RESTRAINTS     52

5.2.2.1   High cost of tumor ablation systems 52

5.2.2.2   Unfavorable regulatory scenario      53

5.2.3      OPPORTUNITIES           53

5.2.3.1   Rising healthcare expenditure across emerging economies         53

5.2.3.2   Increasing number of hospitals        54

5.2.4      CHALLENGES   54

5.2.4.1   Rising adoption of refurbished tumor ablation systems 54

5.2.4.2   Hospital budget cuts          54

5.3         REGULATORY ANALYSIS            55

5.3.1      KEY REGULATORY BODIES AND GOVERNMENT AGENCIES       55

TABLE 1             NORTH AMERICA: LIST OF REGULATORY BODIES AND GOVERNMENT AGENCIES         55

TABLE 2             EUROPE: LIST OF REGULATORY BODIES AND GOVERNMENT AGENCIES         55

TABLE 3             ASIA PACIFIC: LIST OF REGULATORY BODIES AND GOVERNMENT AGENCIES         56

TABLE 4             LATIN AMERICA: LIST OF REGULATORY BODIES AND GOVERNMENT AGENCIES         57

TABLE 5             MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES AND GOVERNMENT AGENCIES         57

5.3.2      KEY REGULATORY GUIDELINES             57

5.3.2.1   US         57

TABLE 6             US FDA: MEDICAL DEVICE CLASSIFICATION     57

TABLE 7             US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS              58

FIGURE 21         PREMARKET NOTIFICATION: 510(K) APPROVALS FOR MEDICAL DEVICES        58

5.3.2.2   Canada  58

TABLE 8             CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS           59

FIGURE 22         CANADA: REGULATORY APPROVAL PROCESS FOR MEDICAL DEVICES            59

5.3.2.3   Europe  60

FIGURE 23         EUROPE: CE APPROVAL PROCESS FOR MEDICAL DEVICES              61

5.3.2.4   Asia Pacific          61

5.3.2.4.1 Japan     61

TABLE 9             JAPAN: PMDA CLASSIFICATION OF ABLATION DEVICES              62

TABLE 10           JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PHARMACEUTICAL AND MEDICAL DEVICE AGENCY (PMDA)    62

5.3.2.4.2 China     62

TABLE 11           CHINA: CLASSIFICATION OF MEDICAL DEVICES             63

5.3.2.4.3 India      64

TABLE 12           INDIA: CDSCO CLASSIFICATION OF ABLATION DEVICES              64

5.3.2.5   Latin America      64

5.3.2.5.1 Brazil     64

5.4         REIMBURSEMENT SCENARIO    65

TABLE 13           MEDICAL REIMBURSEMENT CPT CODES FOR MICROWAVE AND RADIOFREQUENCY ABLATION PROCEDURES IN US (EFFECTIVE JANUARY 1, 2022) 65

5.5         VALUE CHAIN ANALYSIS            66

5.5.1      RESEARCH & DEVELOPMENT   66

5.5.2      MANUFACTURING & ASSEMBLY             66

5.5.3      DISTRIBUTION, MARKETING & SALES, AND POST-SALES SERVICES              67

FIGURE 24         TUMOR ABLATION MARKET: VALUE CHAIN ANALYSIS 67

5.6         SUPPLY CHAIN ANALYSIS          67

5.6.1      PROMINENT COMPANIES          67

5.6.2      SMALL AND MEDIUM-SIZED ENTERPRISES        67

5.6.3      END USERS       67

FIGURE 25         TUMOR ABLATION MARKET: SUPPLY CHAIN ANALYSIS 68

5.7         ECOSYSTEM ANALYSIS 68

FIGURE 26         TUMOR ABLATION MARKET: ECOSYSTEM ANALYSIS    68

TABLE 14           TUMOR ABLATION MARKET: ROLE IN ECOSYSTEM       69

5.8         INVESTMENT & FUNDING SCENARIO    69

FIGURE 27         NUMBER OF INVESTOR DEALS IN TUMOR ABLATION MARKET, BY KEY PLAYER, 2018–2022         69

FIGURE 28         VALUE OF INVESTOR DEALS IN TUMOR ABLATION MARKET, BY KEY PLAYER, 2018–2022 (USD MILLION)        70

5.9         PRICING ANALYSIS        70

FIGURE 29         AVERAGE SELLING PRICE TREND OF TUMOR ABLATION SYSTEMS,  BY TECHNOLOGY   70

FIGURE 30         AVERAGE SELLING PRICE TREND OF TUMOR ABLATION SYSTEMS, BY REGION   71

TABLE 15           AVERAGE SELLING PRICE OF TUMOR ABLATION SYSTEMS, BY REGION, 2021–2023        71

5.10       TRADE ANALYSIS          72

TABLE 16           IMPORT DATA FOR TUMOR ABLATION SYSTEMS (HS CODE 9018), BY COUNTRY,  2019–2023 (USD THOUSAND)       72

TABLE 17           EXPORT DATA FOR TUMOR ABLATION SYSTEMS (HS CODE 9018), BY COUNTRY,  2018–2022 (USD THOUSAND)       72

5.11       PATENT ANALYSIS        73

FIGURE 31         PATENT DETAILS FOR TUMOR ABLATION MARKET  (JANUARY 2013– DECEMBER 2023)          73

5.12       PORTER’S FIVE FORCE ANALYSIS           73

TABLE 18           PORTER’S FIVE FORCES ANALYSIS: TUMOR ABLATION MARKET            73

5.12.1    THREAT OF NEW ENTRANTS    74

5.12.2    THREAT OF SUBSTITUTES         74

5.12.3    BARGAINING POWER OF SUPPLIERS     74

5.12.4    BARGAINING POWER OF BUYERS           74

5.12.5    INTENSITY OF COMPETITIVE RIVALRY 74

5.13       KEY CONFERENCES & EVENTS IN 2024–2025       75

TABLE 19           LIST OF MAJOR CONFERENCES & EVENTS IN TUMOR ABLATION MARKET, 2024–2025 75

5.14       CASE STUDY ANALYSIS 75

TABLE 20           CASE STUDY 1: RADIOFREQUENCY ABLATION ANALYSIS CASE STUDY 75

TABLE 21           CASE STUDY 2: ABLATION OF LOCALIZED RENAL TUMOR              76

5.15       TECHNOLOGY ANALYSIS           76

5.15.1    KEY TECHNOLOGIES    76

5.15.1.1 Radiofrequency ablation and microwave ablation         76

5.15.1.2 Cryoablation        76

5.15.2    COMPLEMENTARY TECHNOLOGIES     76

5.15.2.1 Laparoscopy        76

5.15.2.2 Diagnostic imaging            77

5.15.3    ADJACENT TECHNOLOGIES      77

5.15.3.1 Electrosurgery     77

5.16       TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 77

FIGURE 32         REVENUE SHIFT IN TUMOR ABLATION MARKET            77

5.17       KEY STAKEHOLDERS & BUYING CRITERIA          78

5.17.1    KEY STAKEHOLDERS IN BUYING PROCESS         78

FIGURE 33         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE CATEGORIES          78

TABLE 22           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%)              78

5.17.2    BUYING CRITERIA         79

FIGURE 34         KEY BUYING CRITERIA FOR PROCESS TUMOR ABLATION SYSTEMS           79

TABLE 23           KEY BUYING CRITERIA FOR TUMOR ABLATION SYSTEMS              79

5.18       UNMET NEEDS & KEY PAIN POINTS       79

TABLE 24           TUMOR ABLATION MARKET: CURRENT UNMET NEEDS              79

6            TUMOR ABLATION MARKET, BY TECHNOLOGY             80

6.1         INTRODUCTION            81

TABLE 25           TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION) 81

6.2         RADIOFREQUENCY ABLATION 81

6.2.1      LOW COST OF RADIOFREQUENCY ABLATION TO CONTRIBUTE TO MARKET GROWTH        81

TABLE 26           RADIOFREQUENCY ABLATION MARKET, BY REGION, 2022–2029 (USD MILLION)     82

6.3         MICROWAVE ABLATION            82

6.3.1      ADVANTAGES OF MICROWAVE ABLATION TO BOOST MARKET GROWTH          82

TABLE 27           MICROWAVE ABLATION MARKET, BY REGION, 2022–2029 (USD MILLION)          82

6.4         CRYOABLATION            83

6.4.1      HIGH SAFETY AND EFFICACY OF CRYOABLATION TO BOOST MARKET              83

TABLE 28           CRYOABLATION MARKET, BY REGION, 2022–2029 (USD MILLION)          83

6.5         HIGH-INTENSITY-FOCUSED ULTRASOUND (HIFU)        83

6.5.1      TECHNOLOGICAL ADVANCEMENTS IN ULTRASOUND ABLATION TO FAVOR MARKET GROWTH        83

TABLE 29           HIGH-INTENSITY-FOCUSED ULTRASOUND MARKET, BY REGION,  2022–2029 (USD MILLION)     84

6.6         OTHER TECHNOLOGIES            84

TABLE 30           OTHER TUMOR ABLATION TECHNOLOGIES MARKET, BY REGION,  2022–2029 (USD MILLION)     85

7            TUMOR ABLATION MARKET, BY PRODUCT TYPE           86

7.1         INTRODUCTION            87

TABLE 31           TUMOR ABLATION MARKET, BY PRODUCT TYPE, 2022–2029 (USD MILLION) 87

TABLE 32           TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (UNITS)             87

7.2         GENERATORS  88

7.2.1      RISING ADOPTION OF TUMOR ABLATION SYSTEMS TO PROPEL MARKET GROWTH        88

TABLE 33           TUMOR ABLATION GENERATORS MARKET, BY REGION, 2022–2029 (USD MILLION)     88

7.3         PROBES/ELECTRODES 88

7.3.1      RADIOFREQUENCY ABLATION PROBES 88

7.3.1.1   Rising adoption of radiofrequency ablation systems for multiple applications to propel market growth         88

TABLE 34           RADIOFREQUENCY ABLATION PROBES MARKET, BY REGION, 2022–2029 (USD MILLION)          89

7.3.2      MICROWAVE ABLATION PROBES           89

7.3.2.1   Increasing cancer prevalence and precise ablation to boost adoption        89

TABLE 35           MICROWAVE ABLATION PROBES MARKET, BY REGION, 2022–2029 (USD MILLION)     89

7.3.3      OTHER PROBES/ELECTRODES 89

TABLE 36           OTHER TUMOR ABLATION PROBES/ELECTRODES MARKET, BY REGION,  2022–2029 (USD MILLION)             90

8            TUMOR ABLATION MARKET, BY MODE OF TREATMENT            91

8.1         INTRODUCTION            92

TABLE 37           TUMOR ABLATION MARKET, BY MODE OF TREATMENT, 2022–2029 (USD MILLION)     92

8.2         SURGICAL ABLATION   92

8.2.1      RISING UTILIZATION OF SURGICAL ABLATION IN END-USER FACILITIES TO PROPEL MARKET           92

TABLE 38           TUMOR ABLATION MARKET FOR SURGICAL ABLATION, BY REGION,  2022–2029 (USD MILLION)     93

8.3         LAPAROSCOPIC ABLATION       93

8.3.1      IMPROVED SUCCESS RATE AND REAL-TIME VISUALIZATION TO BOOST DEMAND           93

TABLE 39           TUMOR ABLATION MARKET FOR LAPAROSCOPIC ABLATION, BY REGION,  2022–2029 (USD MILLION)             94

8.4         PERCUTANEOUS ABLATION     94

8.4.1      SHORTER RECOVERY TIME AND COST-EFFECTIVENESS OF PROCEDURE TO DRIVE SEGMENT         94

TABLE 40           TUMOR ABLATION MARKET FOR PERCUTANEOUS ABLATION, BY REGION,  2022–2029 (USD MILLION)             95

9            TUMOR ABLATION MARKET, BY APPLICATION 96

9.1         INTRODUCTION            97

TABLE 41           TUMOR ABLATION MARKET, BY APPLICATION, 2022–2029 (USD MILLION) 97

9.2         LIVER CANCER 97

9.2.1      PROMISING OUTCOMES OF ABLATION IN TREATING HCC TO DRIVE MARKET            97

TABLE 42           TUMOR ABLATION MARKET FOR LIVER CANCER, BY REGION, 2022–2029 (USD MILLION)          98

9.3         LUNG CANCER 98

9.3.1      RISING INCIDENCE OF LUNG CANCER TO FUEL MARKET           98

TABLE 43           TUMOR ABLATION MARKET FOR LUNG CANCER, BY REGION, 2022–2029 (USD MILLION)          98

9.4         KIDNEY CANCER            99

9.4.1      RISING PREVALENCE OF KIDNEY CANCER AND MINIMAL DAMAGE OF HEALTHY TISSUE TO DRIVE ADOPTION             99

TABLE 44          TUMOR ABLATION MARKET FOR KIDNEY CANCER, BY REGION,  2022–2029 (USD MILLION)          99

9.5         BONE CANCER 99

9.5.1      RISING USE OF ABLATION TECHNIQUES TO TREAT OSTEOID OSTEOMA TO BOOST GROWTH             99

TABLE 45           TUMOR ABLATION MARKET FOR BONE CANCER, BY REGION, 2022–2029 (USD MILLION)          100

9.6         OTHER APPLICATIONS 100

TABLE 46           TUMOR ABLATION MARKET FOR OTHER APPLICATIONS, BY REGION,  2022–2029 (USD MILLION)     100

10          TUMOR ABLATION MARKET, BY END USER       101

10.1       INTRODUCTION            102

TABLE 47           TUMOR ABLATION MARKET, BY END USER, 2022–2029 (USD MILLION)          102

10.2       HOSPITALS & CLINICS  102

10.2.1    INCREASING ADOPTION OF ADVANCED TUMOR ABLATION SYSTEMS TO PROPEL MARKET    102

TABLE 48           TUMOR ABLATION MARKET FOR HOSPITALS & CLINICS, BY REGION,  2022–2029 (USD MILLION)     103

10.3       CANCER CARE CENTERS            103

10.3.1    GROWING ESTABLISHMENT OF CANCER CARE CENTERS TO FUEL MARKET            103

TABLE 49           TUMOR ABLATION MARKET FOR CANCER CARE CENTERS, BY REGION,  2022–2029 (USD MILLION)     103

10.4       OTHER END USERS        104

TABLE 50           TUMOR ABLATION MARKET FOR OTHER END USERS, BY REGION,  2022–2029 (USD MILLION)     104

11          TUMOR ABLATION MARKET, BY REGION           105

11.1       INTRODUCTION            106

TABLE 51           TUMOR ABLATION MARKET, BY REGION, 2022–2029 (USD MILLION)          106

11.2       NORTH AMERICA          106

FIGURE 35         NORTH AMERICA: TUMOR ABLATION MARKET SNAPSHOT              107

TABLE 52           NORTH AMERICA: TUMOR ABLATION MARKET, BY COUNTRY,  2022–2029 (USD MILLION)          107

TABLE 53           NORTH AMERICA: TUMOR ABLATION MARKET, BY TECHNOLOGY,  2022–2029 (USD MILLION)       108

TABLE 54           NORTH AMERICA: TUMOR ABLATION MARKET, BY PRODUCT TYPE,  2022–2029 (USD MILLION)          108

TABLE 55           NORTH AMERICA: TUMOR ABLATION MARKET, BY MODE OF TREATMENT,  2022–2029 (USD MILLION)          108

TABLE 56           NORTH AMERICA: TUMOR ABLATION MARKET, BY APPLICATION,  2022–2029 (USD MILLION)        109

TABLE 57           NORTH AMERICA: TUMOR ABLATION MARKET, BY END USER,  2022–2029 (USD MILLION)          109

11.2.1    NORTH AMERICA: RECESSION IMPACT 109

11.2.2    US         110

11.2.2.1 Rising prevalence of cancer to propel market growth    110

TABLE 58           US: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION) 110

11.2.3    CANADA            110

11.2.3.1 Growing burden of cancer to support market growth   110

TABLE 59           CANADA: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)          111

11.3       EUROPE             111

TABLE 60           EUROPE: TUMOR ABLATION MARKET, BY COUNTRY, 2022–2029 (USD MILLION)     111

TABLE 61           EUROPE: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)          112

TABLE 62           EUROPE: TUMOR ABLATION MARKET, BY PRODUCT TYPE, 2022–2029 (USD MILLION)          112

TABLE 63           EUROPE: TUMOR ABLATION MARKET, BY MODE OF TREATMENT,  2022–2029 (USD MILLION)          112

TABLE 64           EUROPE: TUMOR ABLATION MARKET, BY APPLICATION, 2022–2029 (USD MILLION)     113

TABLE 65           EUROPE: TUMOR ABLATION MARKET, BY END USER, 2022–2029 (USD MILLION) 113

11.3.1    EUROPE: RECESSION IMPACT   113

11.3.2    GERMANY         114

11.3.2.1 Highly developed healthcare infrastructure and rising disease incidence to ensure strong growth prospects     114

TABLE 66           GERMANY: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)          114

11.3.3    FRANCE             114

11.3.3.1 Growing geriatric population to support market growth in France            114

TABLE 67           FRANCE: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)          115

11.3.4    UK         115

11.3.4.1 Growing target patient population to support market growth in UK         115

TABLE 68           UK: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION) 115

11.3.5    ITALY   116

11.3.5.1 Rising awareness to support market growth   116

TABLE 69           ITALY: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)     116

11.3.6    SPAIN   116

11.3.6.1 Increasing government funding for research to support market growth    116

TABLE 70           SPAIN: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)     117

11.3.7    REST OF EUROPE           117

TABLE 71           REST OF EUROPE: TUMOR ABLATION MARKET, BY TECHNOLOGY,  2022–2029 (USD MILLION)       117

11.4       ASIA PACIFIC    118

FIGURE 36         ASIA PACIFIC: TUMOR ABLATION MARKET SNAPSHOT 118

TABLE 72           ASIA PACIFIC: TUMOR ABLATION MARKET, BY COUNTRY, 2022–2029 (USD MILLION)          119

TABLE 73           ASIA PACIFIC: TUMOR ABLATION MARKET, BY TECHNOLOGY,  2022–2029 (USD MILLION)          119

TABLE 74           ASIA PACIFIC: TUMOR ABLATION MARKET, BY PRODUCT TYPE,  2022–2029 (USD MILLION)          119

TABLE 75           ASIA PACIFIC: TUMOR ABLATION MARKET, BY MODE OF TREATMENT,  2022–2029 (USD MILLION)          120

TABLE 76           ASIA PACIFIC: TUMOR ABLATION MARKET, BY APPLICATION, 2022–2029 (USD MILLION)          120

TABLE 77           ASIA PACIFIC: TUMOR ABLATION MARKET, BY END USER, 2022–2029 (USD MILLION)          120

11.4.1    ASIA PACIFIC: RECESSION IMPACT        121

11.4.2    JAPAN  121

11.4.2.1 Presence of universal healthcare reimbursement scenario to drive market growth              121

TABLE 78           JAPAN: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)     122

11.4.3    CHINA  122

11.4.3.1 Increasing patient pool and government initiatives for healthcare development to fuel market growth             122

TABLE 79           CHINA: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)     122

11.4.4    INDIA   123

11.4.4.1 Ongoing modernization and infrastructure development in India to support market growth     123

TABLE 80           INDIA: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)     123

11.4.5    AUSTRALIA       123

11.4.5.1 Rising research investments and awareness campaigns to support market growth              123

TABLE 81           AUSTRALIA: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)          124

11.4.6    SOUTH KOREA 124

11.4.6.1 Rising R&D and promising clinical trials to positively impact market growth              124

TABLE 82           SOUTH KOREA: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)          124

11.4.7    REST OF ASIA PACIFIC  124

TABLE 83           REST OF ASIA PACIFIC: TUMOR ABLATION MARKET, BY TECHNOLOGY,  2022–2029 (USD MILLION)       125

11.5       LATIN AMERICA             125

11.5.1    LATIN AMERICA: RECESSION IMPACT   125

TABLE 84           LATIN AMERICA: TUMOR ABLATION MARKET, BY COUNTRY, 2022–2029 (USD MILLION)          126

TABLE 85           LATIN AMERICA: TUMOR ABLATION MARKET, BY TECHNOLOGY,  2022–2029 (USD MILLION)       126

TABLE 86           LATIN AMERICA: TUMOR ABLATION MARKET, BY PRODUCT TYPE,  2022–2029 (USD MILLION)          126

TABLE 87           LATIN AMERICA: TUMOR ABLATION MARKET, BY MODE OF TREATMENT,  2022–2029 (USD MILLION)          127

TABLE 88           LATIN AMERICA: TUMOR ABLATION MARKET, BY APPLICATION,  2022–2029 (USD MILLION)        127

TABLE 89           LATIN AMERICA: TUMOR ABLATION MARKET, BY END USER,  2022–2029 (USD MILLION)          127

11.5.2    BRAZIL 128

11.5.2.1 Modernization of healthcare facilities in Brazil to boost market  128

TABLE 90           BRAZIL: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)     128

11.5.3    MEXICO             129

11.5.3.1 Availability of advanced care and increasing awareness programs to fuel market growth in Mexico 129

TABLE 91           MEXICO: TUMOR ABLATION MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)          129

11.5.4    REST OF LATIN AMERICA          129

TABLE 92           REST OF LATIN AMERICA: TUMOR ABLATION MARKET, BY TECHNOLOGY,  2022–2029 (USD MILLION)       130

11.6       MIDDLE EAST & AFRICA             130

11.6.1    IMPROVING HEALTHCARE INFRASTRUCTURE AND INCREASING PUBLIC-PRIVATE INVESTMENTS TO DRIVE MARKET GROWTH 130

TABLE 93           MIDDLE EAST & AFRICA: TUMOR ABLATION MARKET, BY TECHNOLOGY,  2022–2029 (USD MILLION)       131

TABLE 94           MIDDLE EAST & AFRICA: TUMOR ABLATION MARKET, BY PRODUCT TYPE,  2022–2029 (USD MILLION)     131

TABLE 95           MIDDLE EAST & AFRICA: TUMOR ABLATION MARKET, BY MODE OF TREATMENT,  2022–2029 (USD MILLION)      131

TABLE 96           MIDDLE EAST & AFRICA: TUMOR ABLATION MARKET, BY APPLICATION,  2022–2029 (USD MILLION)        132

TABLE 97           MIDDLE EAST & AFRICA: TUMOR ABLATION MARKET, BY END USER,  2022–2029 (USD MILLION)          132

11.6.2    MIDDLE EAST & AFRICA: RECESSION IMPACT   132

12          COMPETITIVE LANDSCAPE       133

12.1       OVERVIEW        133

12.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          133

12.2.1    OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN TUMOR ABLATION MARKET      133

TABLE 98           OVERVIEW OF STRATEGIES DEPLOYED BY KEY MANUFACTURING COMPANIES             133

12.3       REVENUE ANALYSIS      134

FIGURE 37         REVENUE ANALYSIS OF TOP THREE PLAYERS IN TUMOR ABLATION MARKET (2021–2023)             134

12.4       MARKET SHARE ANALYSIS         135

FIGURE 38         MARKET SHARE ANALYSIS OF KEY PLAYERS (2023)        135

TABLE 99           TUMOR ABLATION TECHNOLOGY MARKET: DEGREE OF COMPETITION 135

12.5       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   136

12.5.1    STARS  136

12.5.2    EMERGING LEADERS    137

12.5.3    PERVASIVE PLAYERS     137

12.5.4    PARTICIPANTS 137

FIGURE 39         TUMOR ABLATION MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023    137

12.5.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      138

12.5.5.1 Company footprint            138

FIGURE 40         TUMOR ABLATION MARKET: COMPANY FOOTPRINT   138

12.5.5.2 Technology footprint         138

TABLE 100         TUMOR ABLATION MARKET: TECHNOLOGY FOOTPRINT              138

12.5.5.3 Region footprint  139

TABLE 101         TUMOR ABLATION MARKET: REGION FOOTPRINT        139

12.6       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          140

12.6.1    PROGRESSIVE COMPANIES       140

12.6.2    RESPONSIVE COMPANIES          140

12.6.3    DYNAMIC COMPANIES 140

12.6.4    STARTING BLOCKS       140

FIGURE 41         TUMOR ABLATION MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023           141

12.6.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             141

TABLE 102         TUMOR ABLATION MARKET: DETAILED LIST OF KEY STARTUP/SME PLAYERS            141

TABLE 103         TUMOR ABLATION MARKET: COMPETITIVE BENCHMARKING OF KEY EMERGING PLAYERS/STARTUPS            142

12.7       COMPANY VALUATION & FINANCIAL METRICS 143

12.7.1    FINANCIAL METRICS    143

FIGURE 42         EV/EBITDA OF KEY VENDORS   143

12.7.2    COMPANY VALUATION 143

FIGURE 43         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF  KEY VENDORS           143

12.8       BRAND/PRODUCT COMPARISON          144

FIGURE 44         BRAND/PRODUCT COMPARATIVE ANALYSIS    144

12.9       COMPETITIVE SCENARIO          144

12.9.1    PRODUCT LAUNCHES/APPROVALS       144

TABLE 104         TUMOR ABLATION MARKET: PRODUCT LAUNCHES, JANUARY 2021–MARCH 2024          144

12.9.2    DEALS  145

TABLE 105         TUMOR ABLATION MARKET: DEALS, JANUARY 2021–MARCH 2024      145

12.9.3    EXPANSIONS    147

TABLE 106         TUMOR ABLATION MARKET: EXPANSIONS, JANUARY 2021–MARCH 2024     147

13          COMPANY PROFILES    148

13.1       KEY PLAYERS   148

(Business overview, Products offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats)*

13.1.1    MEDTRONIC PLC           148

TABLE 107         MEDTRONIC PLC: COMPANY OVERVIEW           148

FIGURE 45         MEDTRONIC PLC: COMPANY SNAPSHOT (2023)             149

TABLE 108         MEDTRONIC PLC: PRODUCTS OFFERED            149

TABLE 109         MEDTRONIC PLC: PRODUCT APPROVALS         150

13.1.2    JOHNSON & JOHNSON MEDTECH (ETHICON)   151

TABLE 110         JOHNSON & JOHNSON MEDTECH: COMPANY OVERVIEW              151

FIGURE 46         JOHNSON & JOHNSON MEDTECH: COMPANY SNAPSHOT (2022)   151

TABLE 111         JOHNSON & JOHNSON MEDTECH: PRODUCTS OFFERED              152

13.1.3    STRYKER CORPORATION           153

TABLE 112         STRYKER CORPORATION: COMPANY OVERVIEW           153

FIGURE 47         STRYKER CORPORATION: COMPANY SNAPSHOT (2023)              154

TABLE 113         STRYKER CORPORATION: PRODUCTS OFFERED            154

TABLE 114         STRYKER CORPORATION: PRODUCT APPROVALS         155

TABLE 115         STRYKER CORPORATION: EXPANSIONS             155

13.1.4    VARIAN MEDICAL SYSTEMS, INC.           156

TABLE 116         VARIAN MEDICAL SYSTEMS, INC.: COMPANY OVERVIEW              156

FIGURE 48         VARIAN MEDICAL SYSTEMS, INC.: COMPANY SNAPSHOT (2023)              157

TABLE 117         VARIAN MEDICAL SYSTEMS, INC.: PRODUCTS OFFERED              157

TABLE 118         VARIAN MEDICAL SYSTEMS, INC.: PRODUCT LAUNCHES              158

TABLE 119         VARIAN MEDICAL SYSTEMS, INC.: DEALS           158

13.1.5    ANGIODYNAMICS, INC. 160

TABLE 120         ANGIODYNAMICS, INC.: COMPANY OVERVIEW 160

FIGURE 49         ANGIODYNAMICS, INC.: COMPANY SNAPSHOT (2023)   161

TABLE 121         ANGIODYNAMICS, INC.: PRODUCTS OFFERED  161

TABLE 122         ANGIODYNAMICS, INC.: DEALS 162

13.1.6    BOSTON SCIENTIFIC CORPORATION    163

TABLE 123         BOSTON SCIENTIFIC CORPORATION: COMPANY OVERVIEW              163

FIGURE 50         BOSTON SCIENTIFIC CORPORATION: COMPANY SNAPSHOT (2023)   164

TABLE 124         BOSTON SCIENTIFIC CORPORATION: PRODUCTS OFFERED              164

13.1.7    EDAP TMS S.A.  165

TABLE 125         EDAP TMS S.A.: COMPANY OVERVIEW  165

FIGURE 51         EDAP TMS S.A.: COMPANY SNAPSHOT (2023)    165

TABLE 126         EDAP TMS S.A.: PRODUCTS OFFERED   166

13.1.8    MERMAID MEDICAL     167

TABLE 127         MERMAID MEDICAL: COMPANY OVERVIEW      167

TABLE 128         MERMAID MEDICAL: PRODUCTS OFFERED       167

13.1.9    CANYON MEDICAL INC.             168

TABLE 129         CANYON MEDICAL INC.: COMPANY OVERVIEW 168

TABLE 130         CANYON MEDICAL INC.: PRODUCTS OFFERED 168

13.1.10  OLYMPUS CORPORATION         169

TABLE 131         OLYMPUS CORPORATION: COMPANY OVERVIEW          169

FIGURE 52         OLYMPUS CORPORATION: COMPANY SNAPSHOT (2023)              170

TABLE 132         OLYMPUS CORPORATION: PRODUCTS OFFERED           170

TABLE 133         OLYMPUS CORPORATION: PRODUCT LAUNCHES          171

13.1.11  CHONGQING HAIFU MEDICAL TECHNOLOGY CO., LTD.            172

TABLE 134         CHONGQING HAIFU MEDICAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW  172

TABLE 135         CHONGQING HAIFU MEDICAL TECHNOLOGY CO., LTD.: PRODUCTS OFFERED   172

13.1.12  MERIT MEDICAL SYSTEMS, INC.             173

TABLE 136         MERIT MEDICAL SYSTEMS, INC.: COMPANY OVERVIEW 173

FIGURE 53         MERIT MEDICAL SYSTEMS, INC.: COMPANY SNAPSHOT (2022)              174

TABLE 137         MERIT MEDICAL SYSTEMS, INC.: PRODUCTS OFFERED 174

13.1.13  BIOVENTUS INC.            175

TABLE 138         BIOVENTUS INC.: COMPANY OVERVIEW            175

FIGURE 54         BIOVENTUS INC.: COMPANY SNAPSHOT (2023) 176

TABLE 139         BIOVENTUS INC.: PRODUCTS OFFERED             176

TABLE 140         BIOVENTUS INC.: DEALS            177

13.1.14  ICECURE MEDICAL LTD.            178

TABLE 141         ICECURE MEDICAL LTD.: COMPANY OVERVIEW             178

FIGURE 55         ICECURE MEDICAL LTD.: COMPANY SNAPSHOT (2023) 179

TABLE 142         ICECURE MEDICAL LTD.: PRODUCTS OFFERED 179

TABLE 143         ICECURE MEDICAL LTD.: PRODUCT APPROVALS           180

TABLE 144         ICECURE MEDICAL LTD.: DEALS            180

13.1.15  CONMED CORPORATION          182

TABLE 145         CONMED CORPORATION: COMPANY OVERVIEW           182

FIGURE 56         CONMED CORPORATION: COMPANY SNAPSHOT (2023)              182

TABLE 146         CONMED CORPORATION: PRODUCTS OFFERED            183

13.2       OTHER PLAYERS           184

13.2.1    MONTERIS MEDICAL    184

13.2.2    MIANYANG SONIC ELECTRONIC            184

13.2.3    RF MEDICAL     185

13.2.4    MINIMAX MEDICAL HOLDING GROUP  185

13.2.5    SONABLATE     186

13.2.6    ECO MEDICAL TECHNOLOGY (NANJING) CO., LTD.      186

13.2.7    STARMED CO., LTD.      187

13.2.8    SURGNOVA       188

13.2.9    CREO MEDICAL             189

13.2.10  MEDSPHERE SHANGHAI            189

*Details on Business overview, Products offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.

14          APPENDIX         190

14.1       DISCUSSION GUIDE      190

14.2       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             194

14.3       CUSTOMIZATION OPTIONS      196

14.4       RELATED REPORTS       196

14.5       AUTHOR DETAILS         197