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Global Cryoablation Systems Market 2017-2021

  • Published: Sep 2017
  • Pages: 75
  • SKU: IRTNTR14287
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This market research study identifies CooperSurgical, Galil Medical, and Medtronic as the leading players in the global cryoablation systems market. A comprehensive analysis of this market is also presented by end-user (hospitals and clinics and ASCs) and by geography (the Americas, APAC, and EMEA).

Global cryoablation systems market forecasts

Research analysis on the global cryoablation systems market identifies that the growing preference for cryoablation procedure over RF ablation will be one of the major factors that will have a positive impact on the market’s growth. Cryoablation devices result in less complications when compared to conventional resection procedures because they are less invasive. The adoption of catheter cryoablation (CRYO) enhances the precision and accuracy when compared to radiofrequency ablation (RFA) during the treatment of cardiac arrhythmia. It has been observed that 0.7% of 149 patients who underwent RF ablation suffered from heart blockage and no such inadvertent atrioventricular block complication was reported when patients underwent CRYO. As a result, the cardiac cryoablation is now regarded as one of the most efficient approaches, in turn, increasing the preference for cryoablation systems. According to the cryoablation systems market analysis, Technavio’s market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

The increased efficiency of cryoimmunotherapy is identified as one of the key trends that will gain traction in the global cryoablation systems market until the end of 2021. Cryoimmunotherapy is effective for the diagnosis of malignant cells or tumors and improves patient outcome. Additionally, it can also reduce the rate of tumors by increasing the level of proinflammatory cytokine and eliminate the malignant cells.

Competitive landscape and key vendors

The cryoablation systems market is fragmented due to the presence of global as well as local players. The vendors are increasingly competing against each other based on factors such as distribution and partnerships, market penetration in new regions, and product precision. Tier-1 manufacturers are focusing on expanding their businesses in different regions through distribution, partnerships, acquisitions, and online marketing. They are also making huge investments in R&D activities to develop advanced products.

Key vendors in this market are -

  • CooperSurgical
  • Galil Medical
  • Medtronic

Other prominent vendors in the market include ACS Myanmar Medical, AtriCure, BVM Medical, Channel Medsystems, CPSI Biotech, ForTec Medical, HealthTronics, IRANBEHDASHT, ICECURE MEDICAL, METRUM CRYOFLEX, PENTAX Medical, Sanarus, and Solution Medical.

Segmentation by end-user and analysis of the cryoablation systems market

  • Hospitals and clinics
  • ASCs

The hospital and clinics segment is gaining popularity over other healthcare units because they are closely engaged with suppliers, cryoablation system manufacturers, and group purchasing organizations. The demand for cryoablation systems is increasing in these hospitals due to the rising number of hospital admissions for ventricular tachycardia, atrial fibrillation (AF), and cancer cases.

Segmentation by geography and analysis of the cryoablation systems market

  • Americas
  • APAC
  • EMEA

Based on the cryoablation systems market insights, the rising number of FDA approvals is driving the growth of the cryoablation devices market in the Americas. Companies are launching more products by increasing the number of clinical trials. This proves the efficacy and efficiency of products, which in turn, will boost the adoption of cryoablation systems. The usage of cryoablation in atrioventricular nodal re-entrant tachycardia (AVNRT) that prevents structural heart disease in the older population that increases the risk of developing complete heart block due to the radiofrequency catheter ablation (RFCA), will also propel the growth of this cardiac cryoablation market in the region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global cryoablation systems market?
  • What are the key market trends impacting the growth of the global cryoablation systems market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global cryoablation systems market?
  • What are the market opportunities and threats faced by the vendors in the global cryoablation systems market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global cryoablation systems market?

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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Five forces analysis

PART 06: Market segmentation by end-user

  • Market overview
  • Hospital and clinics
  • Ambulatory surgical centers (ASCs)

PART 07: Geographical segmentation

  • Market overview
  • Cryoablation systems market in the Americas
  • Cryoablation systems market in EMEA
  • Cryoablation systems market in APAC

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges

PART 10: Market trends

  • Increased efficiency of cryoimmunotherapy
  • Paradigm shift toward minimally invasive procedures
  • Increasing acquisitions and partnerships

PART 11: Vendor landscape

  • Competitive analysis

PART 12: Key vendor analysis

  • CooperSurgical
  • Galil Medical
  • Medtronic
  • Other prominent vendors

PART 13: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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