The Infinium Global Research analyzes the Microwave Ablation System Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global microwave ablation system market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of microwave ablation system. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the microwave ablation system market during the period. The global microwave ablation system market is projected to grow at a CAGR of 13.6% over the forecast period of 2018-2024.
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Radiofrequency ablation is one of the most accepted treatment modality for many tumors. This method is most commonly used for treating tumors of the liver, lung, kidney and bone. However it has certain limitations that may hamper its efficacy in the new organ systems. Microwave energy may be able to overcome the technical limitations of RF energy. Microwave Ablation (MWA) is a form of thermal ablation used in interventional radiology to treat cancer. It uses electromagnetic waves in the microwave energy spectrum to produce tissue heating effects. The technique allows for flexible approaches to treatment, including percutaneous, laparoscopic, and open surgical access. With imaging guidance, the tumor is localized and electromagnetic microwaves agitate water molecules in the surrounding tissue, producing friction and heat, thus inducing cellular death via coagulation necrosis.
Cancer and Rising in Geriatric Population are Responsible for Driving Growth in the Microwave Ablation System Market
The key factors responsible for the growth in this market includes increasing incidences of chronic diseases such as cancer and rising in geriatric population are responsible for driving growth in the microwave ablation system market. Old age people are more prone to develop tumors. Also microwave ablation systems are gaining popularity over conventional surgeries to treat or destroy cancerous cell, the use of ablation systems has many advantages over conventional surgeries that increases the demand for the microwave ablation system. However lack of awareness concerning microwave tissue ablation treatment and lack of skilled manpower acts as a hiccup to the market growth. Innovative technological advancements in ablation machines and developments in surgical techniques are expected to create growth opportunities in near future.
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North America Has the Highest Market Share in Microwave Ablation System Market
Geographically, North America has the highest market share in microwave ablation system market in 2017 while Europe is the second largest market. North America leads the market owing to increase in incidence of cancer among people mostly due to their consumption habits and presence of major leading manufacturers of microwave ablation system in this region. Asia pacific is expected to grow at highest CAGR during the forecast period owing to increase in healthcare infrastructure and rising awareness concerning treatment of tumors.
Microwave Ablation System Market: Segmentation
The report on global microwave ablation system market covers segments such as, product, application and end-user. On the basis of product the global microwave ablation system market is categorized into equipment and consumables. On the basis of application the global microwave ablation system market is categorized into oncology, cardiovascular, urology, gynecology and others. On the basis of end-user the global microwave ablation system market is categorized into ambulatory surgical centers, hospitals and others.
Microwave Ablation System Market: Competitive Landscape
The report provides profiles of the companies in the global microwave ablation system market such as, Medtronic PLC, Angio Dynamics, Med Waves, Neu Wave Medical, Pearson Medical, Emblation microwave, Miramar labs, Symple Surgical and Urologix.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the microwave ablation system.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.