Global Microwave Ablation Systems Market 2017-2021

Overview of the microwave ablation systems market

Technavio’s market research analyst predicts the microwave ablation systems market to grow steadily at a CAGR of around 14% by 2021. One of the primary drivers for this market is the rise in demand for minimally invasive (MI) procedures. MI techniques are gaining popularity over conventional surgeries, radiation therapy, and systematic chemotherapy to treat or destroy cancerous cells. These techniques are also used to treat individuals with other associated comorbidities. Also, the MI techniques are increasingly used to manage diseases such as cancerous tumors, cardiac arrhythmia, dermatological conditions, and most commonly in treating selected solid tumors, which includes tumors in the kidneys, lungs, liver, and the musculoskeletal system. Moreover, these procedures can also be used to treat people who are under critical conditions and cannot be operated through conventional open surgeries. The rapid adoption of these procedures among patients is expected to propel the market growth for the microwave ablation systems market during the forecast period.

In terms of geography, Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The increasing older population, the rise in the number of chronic diseases, and the increase in MI procedures, contributed to the growth of the market in this region. Also, the increased prevalence of diseases such as cardiovascular diseases (CVDs) and acute and chronic respiratory disorders is further supporting the growth of the microwave ablation systems market in the Americas.

Competitive landscape and key vendors

The global microwave ablation systems market is growing rapidly. It is driven by growing older population and technological advances in the treatment of chronic diseases. Vendors are constantly focusing on establishing a long-term contract with distributors for increasing the sales of microwave ablation systems especially in the high penetrating markets such as the US. The competition is largely based on the design and manufacturing cost of a product. Local vendors offer products at low costs compared with global players, which allow customers to choose from a wide variety of products.  

Leading vendors in the market are –

• AngioDynamics
• Medtronic
• MedWaves
• NeuWave Medical
• Perseon

Other prominent vendors in the microwave ablation systems market include Emblation Microwave, Miramar Labs, Symple Surgical, and Urologix.

Segmentation by application and analysis of the microwave ablation systems market

• Oncology
• Cardiovascular
• Orthopaedics
• Urology
• Gyneocology

Oncology is performed to diagnose and treat cancer-related symptoms. Factors such as type, size, grade, and location and stage of the tumor indicate the type of surgery required. Also, depending on the type of cancerous cells, invasive or non-invasive surgeries are performed. Microwave ablation uses an antenna to deliver electromagnetic energy (microwave) to heat the tissue. This technique is faster than radiofrequency ablation and can reach higher temperature due to vascular cooling and less influence of tissue impedance. 

Segmentation by end-user and analysis of the microwave ablation systems market

• ASCs
• Hospitals
• Physician’s office

In this market study, analysts have estimated the ambulatory surgical center (ASCs) segment to dominate the microwave ablation systems market during the forecast period. Factors such as low cost and duration of the treatment are the main factors responsible for the dominance of this segment in the global market.

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 microwave ablation systems market?
• What are the key market trends impacting the growth of the global microwave ablation systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global microwave ablation systems market?
• What are the market opportunities and threats faced by the vendors in the global microwave ablation systems market?
• 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 microwave ablation systems market?

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