Status : Published | Published On : Jan, 2024 | Report Code : VRHC1021 | Industry : Healthcare | Available Format : | Page : 195 |
The Global Tumor Ablation Market valued at US $1.48 billion in 2023 is expected to grow during the forecasted period of 2025 to 2030. With a prospective CAGR of 12.2%, the market is expected to reach a value of US $4.22 billion by 2030.
The tumor ablation market is a rapidly growing sector in the healthcare industry. It is a minimally invasive procedure that destroys cancerous tissue by applying heat or cold to the tumor. The procedure is an alternative to traditional surgery, chemotherapy, and radiation therapy, and is gaining popularity due to its low risk of complications and shorter recovery time. The market for tumor ablation is expected to grow significantly in the coming years due to the increasing incidence of cancer and the rising demand for minimally invasive procedures.
Covid-19 Impact
The COVID-19 pandemic has had a significant impact on the global economy, including the healthcare industry. The tumor ablation market is no exception, and it has been affected by the pandemic in various ways it has caused disruptions in the supply chain of medical devices and equipment, including those used for tumor ablation procedures. The lockdowns and restrictions on movement and transportation have led to delays in the delivery of these products, affecting the availability of tumor ablation devices and equipment.
The pandemic has also led to a reduction in the number of elective surgeries, including tumor ablation procedures, as hospitals have had to focus on treating COVID-19 patients. This has resulted in a decrease in the demand for tumor ablation devices and equipment.
However, despite these challenges, the tumor ablation market is expected to grow in the long term due to factors such as an aging population, rising incidence of cancer, and increasing adoption of minimally invasive procedures. Additionally, advancements in technology, such as the development of new ablation techniques and devices, are also expected to drive market growth.
Market Segmentation
The tumor ablation market can be segmented in various ways based on different factors such as technology, mode of treatment, application, and end-user.
Insight By Technology:
RFA technology has been the most widely used and established technique for tumor ablation. RFA technology is expected to continue to dominate the tumor ablation market due to its lower cost, widespread adoption, and extensive clinical data. Additionally, technological advancements, such as the development of ultrasound-guided RFA systems and the integration of
RFA technology with MRI is expected to further drive the growth of the RFA market.
Along with this, the microwave ablation market is also expected to grow rapidly due to its ability to achieve higher temperatures and faster ablation times than RFA. Microwave ablation is particularly effective for large tumors and is also a promising option for lung cancer ablation.
Cryoablation:
Cryoablation technology is expected to grow due to its advantages over other ablation technologies, including low complication rates, minimal damage to surrounding tissues, and the ability to treat larger tumors.
Insight By Mode of Treatment
Percutaneous ablation is a minimally invasive procedure that involves the insertion of a needle or probes directly into the tumor, guided by imaging techniques. The percutaneous ablation market is expected to grow rapidly due to its advantages over surgical ablation, such as shorter hospital stays, fewer complications, and lower costs. Radiofrequency ablation (RFA), microwave ablation, and cryoablation are commonly used percutaneous ablation techniques.
Laparoscopic ablation involves the insertion of a laparoscope, a thin, lighted tube with a camera, through a small incision in the abdomen. The laparoscopic ablation market is expected to drive global market growth due to its ability to treat tumors in hard-to-reach areas, such as the liver and pancreas, and its advantages over surgical ablation, such as shorter hospital stays and less scarring.
Insight By Application:
The liver cancer ablation market is expected to see the most significant growth due to the high incidence of liver cancer globally. However, other application areas, such as lung cancer, prostate cancer, and breast cancer, are expected to grow rapidly due to the development of new ablation techniques and rising cancer incidence rates.
Additionally, the lung cancer ablation market is expected to fuel the expansion of the global market size through its increasing prevalence and the development of minimally invasive ablation techniques, such as microwave ablation and cryoablation.
Insight by End User
The end-user market plays a crucial role in the growth of the global tumor ablation market. The success of any medical technology depends on its adoption and acceptance by end-users. Hospitals are the largest end-user of tumor ablation technologies. The demand for tumor ablation technologies in hospitals is increasing due to the rising incidence of cancer and the increasing number of minimally invasive procedures.
Ambulatory surgical centers (ASCs) are also significant end-user of tumor ablation technologies. ASCs offer a cost-effective and efficient alternative to hospitals for minimally invasive procedures. The demand for tumor ablation technologies in ASCs is expected to increase due to their ability to offer same-day procedures and reduce healthcare costs.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2023 |
U.S.D. 1.48 Billion |
Revenue Forecast in 2030 |
U.S.D. 4.22 Billion |
Growth Rate |
12.2% |
Segments Covered in the Report |
By Technology, By Mode of Treatment, By Application and By End User |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Market Growth Drivers
The increasing incidence of cancer is a major driver of the tumor ablation market. According to the World Health Organization (WHO), cancer is the second leading cause of death globally, with an estimated 9.6 million deaths in 2018. The rising incidence of cancer is leading to an increase in the demand for minimally invasive procedures like tumor ablation.
Another driver of the tumor ablation market is the rising demand for minimally invasive procedures. Tumor ablation is a minimally invasive procedure that offers several advantages over traditional surgery, chemotherapy, and radiation therapy. The procedure is associated with a lower risk of complications, shorter recovery time, and improved quality of life for patients.
Technological advancements in tumor ablation procedures are also driving the market. The development of new technologies like radiofrequency ablation, microwave ablation, and cryoablation has improved the efficacy of the procedure and expanded its applications.
Challenges
Tumor ablation refers to the destruction of cancerous tumors through various methods, including radiofrequency ablation, microwave ablation, cryoablation, and others. While the tumor ablation market has grown significantly in recent years, there are still several challenges that could hinder its continued growth. Here are some of the challenges facing the tumor ablation market:
Geographical Overview
Geographically, the tumor ablation market is widespread in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is currently the largest market for tumor ablation procedures, followed by Europe and Asia Pacific.
In North America, the tumor ablation market is primarily driven by factors such as the availability of advanced healthcare infrastructure, the rising prevalence of cancer, and the increasing adoption of minimally invasive procedures. In addition, the presence of major market players and ongoing research and development activities in the region are expected to further boost the growth of the tumor ablation market in North America.
In Europe, the tumor ablation market is primarily driven by factors such as increasing healthcare expenditure, the rising prevalence of cancer, and favorable government initiatives to promote the adoption of minimally invasive procedures. In addition, the presence of a large number of leading market players in the region is expected to further drive the growth of the tumor ablation market in Europe.
In Asia Pacific, the tumor ablation market is expected to witness significant growth during the forecast period due to factors such as increasing healthcare expenditure, rising prevalence of cancer, and growing awareness about the benefits of minimally invasive procedures. In addition, the presence of a large patient pool and improving healthcare infrastructure in emerging economies such as China and India are expected to further drive the growth of the tumor ablation market in the region.
Competitive Landscape
The competitive landscape of the tumor ablation market is characterized by intense competition, with players competing on the basis of product offerings, pricing, distribution network, and technological advancements.
Some of the major players operating in the tumor ablation market include:
Other prominent players in the tumor ablation market include Merit Medical Systems, Inc., Smith & Nephew, Inc., Galil Medical, Inc., and NeuWave Medical, Inc.
The Tumor Ablation Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
Region Covered in the Report
Source: VynZ Research
Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Technology
1.2.2. By Mode of Treatment
1.2.3. By Application
1.2.4. By End User
1.2.5. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
3.3.3. Market Share Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Technology
5.1.1. Radiofrequency ablation (RFA)
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Microwave ablation
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.1.3. Cryoablation
5.1.3.1. Market Definition
5.1.3.2. Market Estimation and Forecast to 2030
5.1.4. Irreversible Electroporation (IRE)
5.1.4.1. Market Definition
5.1.4.2. Market Estimation and Forecast to 2030
5.1.5. Others
5.1.5.1. Market Definition
5.1.5.2. Market Estimation and Forecast to 2030
5.2. By Mode of Treatment
5.2.1. Surgical Ablation
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Percutaneous Ablation
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.2.3. Laparoscopic Ablation
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
5.3. By Application
5.3.1. Liver Cancer
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Lung Cancer
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. Prostate Cancer
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2030
5.3.4. Breast Cancer
5.3.4.1. Market Definition
5.3.4.2. Market Estimation and Forecast to 2030
5.3.5. Kidney Cancer
5.3.5.1. Market Definition
5.3.5.2. Market Estimation and Forecast to 2030
5.3.6. Bone Cancer
5.3.6.1. Market Definition
5.3.6.2. Market Estimation and Forecast to 2030
5.3.7. Others
5.3.7.1. Market Definition
5.3.7.2. Market Estimation and Forecast to 2030
5.4. By End User
5.4.1. Hospitals
5.4.1.1. Market Definition
5.4.1.2. Market Estimation and Forecast to 2030
5.4.2. Specialty Clinics
5.4.2.1. Market Definition
5.4.2.2. Market Estimation and Forecast to 2030
5.4.3. Ambulatory Surgical Centers
5.4.3.1. Market Definition
5.4.3.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Technology
6.2. By Mode of Treatment
6.3. By Application
6.4. By End User
6.5. By Country
6.5.1. U.S. Market Estimate and Forecast
6.5.2. Canada Market Estimate and Forecast
6.5.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Technology
7.2. By Mode of Treatment
7.3. By Application
7.4. By End User
7.5. By Country
7.5.1. Germany Market Estimate and Forecast
7.5.2. France Market Estimate and Forecast
7.5.3. U.K. Market Estimate and Forecast
7.5.4. Italy Market Estimate and Forecast
7.5.5. Spain Market Estimate and Forecast
7.5.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Technology
8.2. By Mode of Treatment
8.3. By Application
8.4. By End User
8.5. By Country
8.5.1. China Market Estimate and Forecast
8.5.2. Japan Market Estimate and Forecast
8.5.3. India Market Estimate and Forecast
8.5.4. South Korea Market Estimate and Forecast
8.5.5. Singapore Market Estimate and Forecast
8.5.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Technology
9.2. By Mode of Treatment
9.3. By Application
9.4. By End User
9.5. By Country
9.5.1. Brazil Market Estimate and Forecast
9.5.2. Saudi Arabia Market Estimate and Forecast
9.5.3. South Africa Market Estimate and Forecast
9.5.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. Merit Medical Systems
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Smith & Nephew
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. Galil Medical
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. NeuWave Medical
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Tumor Ablation Market, By Technology, 2018-2023 (USD Billion)
Table 5 Global Tumor Ablation Market, By Technology, 2025-2030 (USD Billion)
Table 6 Global Tumor Ablation Market, By Mode of Application, 2018-2023 (USD Billion)
Table 7 Global Tumor Ablation Market, By Mode of Application, 2025-2030 (USD Billion)
Table 8 Global Tumor Ablation Market, By Application, 2018-2023 (USD Billion)
Table 9 Global Tumor Ablation Market, By Application, 2025-2030 (USD Billion)
Table 10 Global Tumor Ablation Market, By End User, 2018-2023 (USD Billion)
Table 11 Global Tumor Ablation Market, By End User, 2025-2030 (USD Billion)
Table 12 Global Tumor Ablation Market, By Region, 2018-2023 (USD Billion)
Table 13 Global Tumor Ablation Market, By Region, 2025-2030 (USD Billion)
Table 14 North America Tumor Ablation Market, By Technology, 2018-2023 (USD Billion)
Table 15 North America Tumor Ablation Market, By Technology, 2025-2030 (USD Billion)
Table 16 North America Tumor Ablation Market, By Mode of Application, 2018-2023 (USD Billion)
Table 17 North America Tumor Ablation Market, By Mode of Application, 2025-2030 (USD Billion)
Table 18 North America Tumor Ablation Market, By Application, 2018-2023 (USD Billion)
Table 19 North America Tumor Ablation Market, By Application, 2025-2030 (USD Billion)
Table 20 North America Tumor Ablation Market, By End User, 2018-2023 (USD Billion)
Table 21 North America Tumor Ablation Market, By End User, 2025-2030 (USD Billion)
Table 22 North America Tumor Ablation Market, By Region, 2018-2023 (USD Billion)
Table 23 North America Tumor Ablation Market, By Region, 2025-2030 (USD Billion)
Table 24 Europe Tumor Ablation Market, By Technology, 2018-2023 (USD Billion)
Table 25 Europe Tumor Ablation Market, By Technology, 2025-2030 (USD Billion)
Table 26 Europe Tumor Ablation Market, By Mode of Application, 2018-2023 (USD Billion)
Table 27 Europe Tumor Ablation Market, By Mode of Application, 2025-2030 (USD Billion)
Table 28 Europe Tumor Ablation Market, By Application, 2018-2023 (USD Billion)
Table 29 Europe Tumor Ablation Market, By Application, 2025-2030 (USD Billion)
Table 30 Europe Tumor Ablation Market, By End User, 2018-2023 (USD Billion)
Table 31 Europe Tumor Ablation Market, By End User, 2025-2030 (USD Billion)
Table 32 Europe Tumor Ablation Market, By Region, 2018-2023 (USD Billion)
Table 33 Europe Tumor Ablation Market, By Region, 2025-2030 (USD Billion)
Table 34 Asia-Pacific Tumor Ablation Market, By Technology, 2018-2023 (USD Billion)
Table 35 Asia-Pacific Tumor Ablation Market, By Technology, 2025-2030 (USD Billion)
Table 36 Asia-Pacific Tumor Ablation Market, By Mode of Application, 2018-2023 (USD Billion)
Table 37 Asia-Pacific Tumor Ablation Market, By Mode of Application, 2025-2030 (USD Billion)
Table 38 Asia-Pacific Tumor Ablation Market, By Application, 2018-2023 (USD Billion)
Table 39 Asia-Pacific Tumor Ablation Market, By Application, 2025-2030 (USD Billion)
Table 40 Asia-Pacific Tumor Ablation Market, By End User, 2018-2023 (USD Billion)
Table 41 Asia-Pacific Tumor Ablation Market, By End User, 2025-2030 (USD Billion)
Table 42 Asia-Pacific Tumor Ablation Market, By Region, 2018-2023 (USD Billion)
Table 43 Asia-Pacific Tumor Ablation Market, By Region, 2025-2030 (USD Billion)
Table 44 RoW Tumor Ablation Market, By Technology, 2018-2023 (USD Billion)
Table 45 RoW Tumor Ablation Market, By Technology, 2025-2030 (USD Billion)
Table 46 RoW Tumor Ablation Market, By Mode of Application, 2018-2023 (USD Billion)
Table 47 RoW Tumor Ablation Market, By Mode of Application, 2025-2030 (USD Billion)
Table 48 RoW Tumor Ablation Market, By Application, 2018-2023 (USD Billion)
Table 49 RoW Tumor Ablation Market, By Application, 2025-2030 (USD Billion)
Table 50 RoW Tumor Ablation Market, By End User, 2018-2023 (USD Billion)
Table 51 RoW Tumor Ablation Market, By End User, 2025-2030 (USD Billion)
Table 52 RoW Tumor Ablation Market, By Region, 2018-2023 (USD Billion)
Table 53 RoW Tumor Ablation Market, By Region, 2025-2030 (USD Billion)
Table 54 Snapshot – Merit Medical Systems
Table 55 Snapshot – Smith & Nephew
Table 56 Snapshot – Galil Medical
Table 57 Snapshot – NeuWave Medical
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Tumor Ablation Market- Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Tumor Ablation Market Highlight
Figure 12 Global Tumor Ablation Market, By Technology, 2018 - 2030 (USD Billion)
Figure 13 Global Tumor Ablation Market, By Mode of Application, 2018 - 2030 (USD Billion)
Figure 14 Global Tumor Ablation Market, By Application, 2018 - 2030 (USD Billion)
Figure 15 Global Tumor Ablation Market, By End User, 2018 - 2030 (USD Billion)
Figure 16 Global Tumor Ablation Market, By Region, 2018 - 2030 (USD Billion)
Figure 17 North America Tumor Ablation Market Highlight
Figure 18 North America Tumor Ablation Market, By Technology, 2018 - 2030 (USD Billion)
Figure 19 North America Tumor Ablation Market, By Mode of Application, 2018 - 2030 (USD Billion)
Figure 20 North America Tumor Ablation Market, By Application, 2018 - 2030 (USD Billion)
Figure 21 North America Tumor Ablation Market, By End User, 2018 - 2030 (USD Billion)
Figure 22 North America Tumor Ablation Market, By Region, 2018 - 2030 (USD Billion)
Figure 23 Europe Tumor Ablation Market Highlight
Figure 24 Europe Tumor Ablation Market, By Technology, 2018 - 2030 (USD Billion)
Figure 25 Europe Tumor Ablation Market, By Mode of Application, 2018 - 2030 (USD Billion)
Figure 26 Europe Tumor Ablation Market, By Application, 2018 - 2030 (USD Billion)
Figure 27 Europe Tumor Ablation Market, By End User, 2018 - 2030 (USD Billion)
Figure 28 Europe Tumor Ablation Market, By Region, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific Tumor Ablation Market Highlight
Figure 30 Asia-Pacific Tumor Ablation Market, By Technology, 2018 - 2030 (USD Billion)
Figure 31 Asia-Pacific Tumor Ablation Market, By Mode of Application, 2018 - 2030 (USD Billion)
Figure 32 Asia-Pacific Tumor Ablation Market, By Application, 2018 - 2030 (USD Billion)
Figure 33 Asia-Pacific Tumor Ablation Market, By End User, 2018 - 2030 (USD Billion)
Figure 34 Asia-Pacific Tumor Ablation Market, By Region, 2018 - 2030 (USD Billion)
Figure 35 RoW Tumor Ablation Market Highlight
Figure 36 RoW Tumor Ablation Market, By Technology, 2018 - 2030 (USD Billion)
Figure 37 RoW Tumor Ablation Market, By Mode of Application, 2018 - 2030 (USD Billion)
Figure 38 RoW Tumor Ablation Market, By Application, 2018 - 2030 (USD Billion)
Figure 39 RoW Tumor Ablation Market, By End User, 2018 - 2030 (USD Billion)
Figure 40 RoW Tumor Ablation Market, By Region, 2018 - 2030 (USD Billion)
Global Tumor Ablation Market Coverage
Technology Insight and Forecast 2025-2030
Mode of Treatment Insight and Forecast 2025-2030
Application Insight and Forecast 2025-2030
End User Insight and Forecast 2025-2030
Geographical Segmentation
Tumor Ablation Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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