Report

microwave ablation market 2023

Microwave Ablation Market Report - Global Forecasts 2023

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Global Microwave Ablation Market: By Product Types (Generators/Electrosurgical Units and Consumables) - Drivers, Opportunities, Restraints, and Forecasts: 2017–2023

Overview:

Microwave ablation refers to the surgical removal of a body tissue by transferring heat to the target tissue. The process is used to remove a tiny or large quantity of tissue. A specially equipped needle is inserted near the site with image-guided modalities such as computed tomography, ultrasonography, and magnetic resonance imaging. The needle is subjected to various form of electrical tests depending on the type of technology used. This is a form of thermal ablation with energy spectrum of 300 MHz to 300 GHz used to produce tissue-heating effects. The increasing demand for energy-based ablation devices has increased the demand for microwave ablation procedures across the globe. The market is driven by several factors that contribute to the business growth globally.

The rise in awareness about minimally invasive surgeries or procedures has created a high adoption as it is less painful, performed as an outpatient procedure, and unlike traditional open surgeries they are less expensive. Minimally invasive surgeries are emerging as potential replacements for conventional therapeutic cancer surgeries for the treatment of various tumors of the prostate gland, lungs, and liver. Further, robotic navigation technologies that perform microwave ablation procedures more accurately are being incorporated to increase the popularity of these surgeries. The cost of microwave tissue ablation treatment is directly proportional to the size of the tissue/tumor and the number of probes required for the surgery.

The major products in the market include:

  • Solero MTA System

  • NEUWAVE Microwave Ablation System

  • Evident MW Ablation System

  • AveCure Microwave System

  • MicroThermX Devices


The market is dominated by Medtronic, AngioDynamics, NeuWave Medical (now Johnson & Johnson), MedWaves, and Perseon which has more than 75% market share in the Global Microwave Ablation Devices market. Factors, such as the increased prevalence of chronic disorders, growing popularity about minimally invasive surgeries, focus on early prevention, and the increase in disposable income, are driving the market growth.

Market Analysis:

The Global Microwave Ablation Devices Market is estimated to witness a CAGR of 14.8% during the forecast period 2017–2023. The market is analyzed based on three segments, namely product type, end-users, and regions.

Regional Analysis:

The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). The Americas is set to be the leading region for the microwave ablation devices market growth followed by Europe. Asia Pacific and ROW are set to be the emerging regions. The emerging markets have a high potential to grow owing to an increase in the number of microwave ablation procedures due to the rise in disposable income, presence of a large pool of chronic patient population, and focus toward healthcare infrastructure. However, the high cost of devices and expensive procedural cost, lack of skilled electrophysiologist, lack of proper reimbursement policies, lack of awareness about advanced ablation devices in developing countries have a significant impact on the overall market growth.

Product Analysis:

Consumables are the fastest growing segment and dominates the global ablation market with 65% of the total market. Cardiac arrhythmias are the most popular ablation treatment followed by cancer ablation methods in all the ablation types. The increase in the prevalence of chronic disorders and growing number of microwave ablation procedures are expected to drive the consumables market during the forecast period. The generator/electrosurgical unit segment is growing at a steady growth rate and is expected to see a significant growth in the emerging markets.

Key Players:

Medtronic, AngioDynamics, NeuWave Medical (now Johnson & Johnson), MedWaves, Perseon, and other predominate & niche players.

Competitive Analysis:

The Global Microwave Ablation Devices market is growing faster and has immense growth opportunities for vendors, especially in the developed regions. The presence of large, small, and local vendors in the market possess high competition. The vendors have a strong focus on acquiring smaller companies and expanding their business operations by leveraging their products portfolio across the globe. The competitive environment in the market will intensify further with an increase in product/service extensions, product innovations, and M&A. They form strategic alliances for the marketing or manufacturing of microwave ablation devices.

Benefits:

The report provides complete details about the usage and adoption rate of microwave ablation devices for the treatment of various chronic disorders. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the ablation devices adoption in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals to analyze before investing or expanding the business in this market.

Key Stakeholders:

1     Industry Outlook  

1.1        Industry Overview

1.1.1     Generators/Electrosurgical Unit

1.1.2     Ablation Catheters

1.1.3     Consumables

1.2        Microwave ablation (MWA)

1.3        Major Diseases Covered

1.3.1     Cancer

1.3.2     Cardiac Arrhythmias

1.4        Industry Trends

1.5        PEST Analysis

2     Report Outline  

2.1        Report Scope

2.2        Report Summary

2.3        Research Methodology

2.4        Report Assumptions

3     Market Snapshot 

3.1        Total Addressable Market (TAM)

3.2        Segmented Addressable Market (SAM)

3.3        Related Markets

3.3.1     Surgical Devices Market

3.3.2     Radiofrequency Ablation Devices Market

3.3.3     Ablation Catheters Market

3.3.4     Cardiac Ablation Market

4     Market Outlook  

4.1        Overview

4.2        Importance of Microwave Ablation Devices

4.3        Porter 5(Five) Forces

4.4        Market Dynamics

4.4.1     Drivers

4.4.1.1    Rise in incidence of chronic disorders

4.4.1.2    Increasing popularity of MI surgeries

4.4.1.3    Increase in the number of outpatient procedures

4.4.1.4    Increasing market awareness and campaigns

4.4.1.5    Rise in elderly population

4.4.2     Opportunities

4.4.2.1    Technological advancements

4.4.2.1    High adoption of microwave for better support and improve patient outcome

4.4.2.2    Increasing healthcare spending

4.4.2.3    Shift towards minimal and non-invasive procedures

4.4.3     Restraints

4.4.3.1    Complications and risk associated with microwave ablation procedures

4.4.3.2    Presence of substitutes

4.4.3.3    High cost of microwave ablation procedures

4.4.3.4    Stringent regulatory approval process

4.4.3.5    Lack of skilled electrophysiologists

4.5        DRO – Impact Analysis

4.6        Key Stakeholders

5     Product Type: Market Size and Analysis 

5.1        Overview

5.2        Generators/Electrosurgical Units

5.2.1     Overview

5.2.2     Featured Products: Generators/Electrosurgical Units

5.3        Consumables

5.3.1     Overview

5.3.2     Featured Products: Consumables

5.4        Microwave Ablation

6     Application  

6.1        Oncology

6.2        Cardiovascular

6.3        Orthopedic

6.4        Urology

6.5        Gynecology

6.6        Others

7     End-Users 

7.1        Overview

7.2        Hospitals

7.3        Ambulatory Care

7.3.1     ASCs in the Americas

7.3.1.1    US

7.3.1.2    Canada

7.3.1.3    Mexico

7.3.1.4    Cuba

7.3.2     ASCs in the EMEA Region

7.3.2.1    UK

7.3.2.2    Germany

7.3.2.1    France

7.3.2.2    Israel

7.3.2.3    Africa

7.3.3     ASCs in the APAC Region

7.3.3.1    Australia

7.3.3.2    Japan

7.3.3.3    India

7.3.3.4    China

7.4        Physician’s Office

8     Regions: Market Size and Analysis 

8.1        Overview

8.2        North America

8.2.1     Market Overview

8.3        Europe

8.3.1     Market Overview

8.4        APAC

8.4.1     Market Overview

8.5        Rest of the World

8.5.1     Market Overview

9     Competitive Landscape  

9.1        Overview

10   Vendor Profiles 

10.1     AngioDynamics, Inc.

10.1.1  Overview

10.1.2  Business Units

10.1.3  Geographic Presence

10.1.4  Business Focus

10.1.5  SWOT Analysis

10.1.6  Business Strategy

10.2     Johnson & Johnson (NeuWave Medical)

10.2.1  Overview

10.2.2  Business Units

10.2.3  Geographic Presence

10.2.4  Business Focus

10.2.5  SWOT Analysis

10.2.6  Business Strategy

10.3     Medtronic PLC

10.3.1  Overview

10.3.2  Business Units

10.3.3  Geographic Presence

10.3.4  Business Focus

10.3.5  SWOT Analysis

10.3.6  Business Strategy

10.4     MedWaves, Inc

10.4.1  Overview

10.4.2  Business Focus

10.4.3  SWOT Analysis

10.4.4  Business Strategy

10.5     Perseon

10.5.1  Overview

10.5.2  Business Focus

10.5.3  SWOT Analysis

10.5.4  Business Strategy

11   Companies to Watch For 

11.1     Emblation Microwave.

11.1.1  Overview

11.1.2  Key Highlights

11.2     Miramar Labs.

11.2.1  Overview

11.2.2  Key Highlights

11.3     Urologix, LLC

11.3.1  Overview

11.4     Symple Surgical

Annexure  

Abbreviations

Research Framework

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting
Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources

Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

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Microwave Ablation Market Report - Global Forecasts 2023
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