Differential growth rates in global ablation technologies markets

With growth rates between 3% and 18% annually in the global market, there is a wide range of growth in the market for ablation technologies. Relative rates of growth arise from a variety of drivers for the different ablation types, including existing or installed base of systems, extent of clinical testing on emerging modalities, the demand-to-cost ratio for new systems, the capital equipment cost and the breadth of different ablation procedures that can be performed by any given modality.  This results in relatively low rates of market growth for electrosurgical and thermal systems and relatively high rates for cryotherapy and radiofrequency ablation.

Source: "Ablation Technologies Worldwide Market, 2009-2019: Products, Technologies, Markets, Companies and Opportunities", published by MedMarket Diligence, LLC.

The rates of growth implicit in the above forecast are for the worldwide ablation market by modality.  On a geographic basis, the growth rates show more pronounced differences among the ablation types, and in some cases, as in China, where growth is also markedly higher across the board, the impact of lower initial installed bases for some traditional ablation types (e.g., radiation) as well as newer types (e.g., ultrasound) result in reordered rankings of the modalities by growth rate.  For comparison, below is the percent of the total market, by ablation modality, for China and Spain by 2019.

Source: Report #A145.

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