#Tumor Ablation Market

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According to latest study, the U.S. Tumor Ablation market size is calculated at USD 579.76 million for 2024 and is expected to reach around USD 1,841.15 million by 2033, growing at a CAGR of 13.7 % from 2024 to 2033

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US Interventional Radiology Market: Pioneering Minimally Invasive Solutions up to 2033

Market Definition The U.S. Interventional Radiology Market encompasses a specialized segment of radiology focused on minimally invasive diagnostic and therapeutic procedures using imaging guidance, including fluoroscopy, MRI, CT, and ultrasound. Interventional radiology (IR) is used for a variety of clinical applications, including angioplasty, embolization, tumor ablation, biopsies, and stenting. These procedures are often alternatives to traditional surgical methods, allowing for reduced recovery times, lower risks, and improved patient outcomes.

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The US interventional radiology market is poised to expand from $4.5 billion in 2023 to $8.2 billion by 2033, reflecting a CAGR of approximately 6.2%.

Market Outlook The U.S. Interventional Radiology Market is witnessing significant growth due to increasing demand for minimally invasive procedures, a rise in chronic disease prevalence, and advancements in imaging technology. Conditions such as cardiovascular disease, cancer, and liver disease—which require ongoing intervention and management—are driving the need for IR, as these methods offer precision in diagnosis and treatment with minimized physical trauma. An aging population, coupled with a growing focus on patient-centered and value-based care, further supports the market’s expansion as healthcare systems seek efficient, cost-effective treatment solutions.

The development of novel interventional devices and techniques is also transforming the market. Innovations in catheter technologies, embolic materials, and image-guided systems have significantly improved procedural accuracy and effectiveness. With the integration of artificial intelligence and machine learning into imaging systems, interventional radiologists can benefit from enhanced image clarity and real-time procedural feedback, ultimately enabling more accurate diagnoses and interventions.

However, challenges remain in the form of high procedural costs, limited access to trained professionals, and regulatory hurdles associated with new technology adoption. Training and skill acquisition are crucial, as interventional radiology requires a high level of expertise, which has prompted hospitals and healthcare institutions to invest in specialized training programs to bridge the skill gap.

Looking ahead, the U.S. Interventional Radiology Market is expected to grow steadily, supported by ongoing advancements in medical technology, increasing procedural efficiency, and the expanding range of clinical applications. The trend towards less invasive, more targeted treatments is reshaping the healthcare landscape, positioning interventional radiology as an essential component of modern medical care.

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A Comprehensive Overview of Interventional Oncology Market Landscape

The global interventional oncology market size was estimated at USD 4.09 billion in 2023 and is projected to grow at a CAGR of 10.27% from 2024 to 2030. This growth can be attributed to the increasing prevalence of cancer, increasing technological advancements in minimally invasive procedures, growing geriatric population, rising focus on early cancer detection, and increasing public and private investments in the field of interventional oncology. There is a significant rise in the number of cancer cases globally, increasing the need for advanced solutions facilitating better cancer care According to the World Health Organization data published in February 2022, cancer accounted for around 10 million deaths in 2020, causing 1 in every 6 deaths globally. 

The rising global incidence of cancer is largely attributed to increasing tobacco use, unhealthy diets, alcohol consumption, air pollution, and physical inactivity. This surge in cancer cases poses a significant challenge for healthcare systems, spurring the development of advanced solutions that offer better results and outcomes. Interventional oncology, which provides a minimally invasive alternative to traditional cancer treatments such as surgery, radiation, and chemotherapy, has become increasingly popular. Its advantages in terms of reduced patient trauma and quicker recovery times are key factors driving market growth.

Gather more insights about the market drivers, restrains and growth of the Interventional Oncology Market

Key Interventional Oncology Company Insights

Key players operating in the market are undertaking various initiatives to strengthen their market presence and increase the reach of their products and services. Strategies such as expansion activities and partnerships are playing a key role in propelling market growth.

Recent Developments

• In August 2022, Boston Scientific Corporation acquired Obsidio, Inc. This acquisition strengthens the company’s interventional oncology & embolization portfolio with the addition of Gel Embolic Material (GEM) technology, offering a differentiated solution to patients and physicians.

• In July 2021, Terumo Europe announced the signing of a Memorandum of Understanding (MoU) with the University Medical Center Utrecht (UMC Utrecht) to extend their partnership and enhance education and innovations for the development of effective solutions in interventional oncology.

• In July 2020, Terumo Corporation announced the acquisition of Quirem Medical, a Netherlands-based healthcare startup, to enhance the company’s interventional oncology field. With this acquisition, the company adds 3 integrated products, QuiremScout, QuiremSpheres, and Q-Suite, to its portfolio, which allows physicians to offer personalized treatment and care to patients.

Global Interventional Oncology Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global interventional oncology market report based on technique, procedure, application, end use, and region.

Technique Outlook (Revenue, USD Million, 2018 - 2030)

• Ablation Therapies

o Radiofrequency Ablation (RFA)

o Microwave Ablation (MWA)

o Cryoablation

o Laser Ablation

o Irreversible Electroporation (IRE)

• Embolization Therapies

o Transarterial Chemoembolization (TACE)

o Transarterial Radioembolization (TARE)

• Biopsy Techniques

o Core Needle Biopsy

o Fine Needle Aspiration (FNA)

• Targeted Therapy Delivery Systems

o Drug-Eluting Beads

o Radioembolization

o Drug-Eluting Stents

o Injectable Hydrogels and Nanoparticles

o Other Targeted Therapy Systems

• Image-Guided Procedures

o Ultrasound Guidance

o CT Scan Guidance

o MRI Guidance

o Fluoroscopy Guidance

Procedure Outlook (Revenue, USD Million, 2018 - 2030)

• Tumor Ablation

• Tumor Biopsy

• Vascular Interventions

• Palliative Care

Application Outlook (Revenue, USD Million, 2018 - 2030)

• Liver Cancer

• Lung Cancer

• Kidney Cancer

• Prostate Cancer

• Breast Cancer

• Other Cancer

End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Specialty Clinics

• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

o Italy

o Spain

o Denmark

o Sweden

o Norway

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

o Thailand

• Latin America

o Brazil

o Argentina

• MEA

o South Africa

o Saudi Arabia

o UAE

o Kuwait

Order a free sample PDF of the Interventional Oncology Market Intelligence Study, published by Grand View Research.

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Precision Healing: Unraveling the Power of Tissue Ablation

The global tissue ablation market is experiencing notable growth due to increasing demand for minimally invasive procedures, advancements in ablation technologies, and a rise in chronic disease incidences. According to the report, the market is projected to expand at a compound annual growth rate (CAGR) of nearly 8% over the forecast period from 2022 to 2028. Valued at over USD 1,200 million in 2022, it is expected to reach approximately USD 2,000 million by 2028.

What is Tissue Ablation?

Tissue ablation refers to the medical procedure that uses thermal, chemical, or other energy sources to destroy or remove abnormal tissue, primarily used in treating cancer, cardiovascular diseases, and chronic pain. Ablation techniques include radiofrequency (RF) ablation, microwave ablation, cryoablation, laser ablation, and others, each catering to specific medical needs with minimal invasiveness.

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Market Dynamics and Growth Drivers

Several factors drive the global tissue ablation market:

Rising Incidences of Chronic Diseases: The global rise in chronic conditions, such as cancer, cardiovascular disease, and liver disorders, has driven demand for ablation procedures. Ablation techniques are increasingly used for tumor removal and managing arrhythmias and other conditions.

Shift Toward Minimally Invasive Procedures: Patients and healthcare providers are increasingly opting for minimally invasive treatments that offer quicker recovery times, reduced hospital stays, and lower risk of complications. Ablation techniques fulfill these preferences, thus boosting their adoption in various clinical settings.

Technological Advancements in Ablation Devices: Advancements in ablation devices, including improvements in imaging technologies, robotics, and precision targeting, have enhanced procedure effectiveness and safety. For example, the integration of MRI and ultrasound with ablation technologies provides real-time monitoring, allowing for precise treatment.

Increasing Geriatric Population: As the elderly population grows, there is a corresponding increase in age-related health issues that require ablation, such as cardiovascular arrhythmias and prostate conditions. The elderly are particularly inclined toward minimally invasive solutions, which support market growth.

Regional Analysis

North America: North America leads the tissue ablation market, attributed to a high prevalence of chronic diseases, advanced healthcare infrastructure, and substantial investment in healthcare research. The United States, in particular, shows high demand for ablation therapies for cancer and cardiovascular conditions.

Europe: The European market benefits from increased government funding for healthcare research and growing awareness of minimally invasive procedures. Leading countries such as Germany, France, and the U.K. show substantial market activity in tissue ablation technologies.

Asia-Pacific: The Asia-Pacific region is anticipated to show the fastest growth, driven by factors such as a large population base, rising healthcare expenditure, and growing incidences of chronic diseases. Countries like China, Japan, and India are investing heavily in healthcare advancements, supporting the growth of ablation procedures.

Latin America, Middle East, and Africa: These regions are gradually adopting tissue ablation technologies, supported by improving healthcare infrastructure and rising medical tourism. While growth rates are more modest, awareness and accessibility to advanced healthcare are gradually increasing.

Competitive Landscape

The tissue ablation market is highly competitive, with key players focusing on innovations, strategic collaborations, and expanding their product portfolios. Prominent companies include:

Medtronic: A leader in medical device innovation, Medtronic offers a range of ablation solutions across cardiovascular, oncology, and pain management applications. The company focuses on expanding its minimally invasive product lines and enhancing product precision.

Boston Scientific Corporation: Boston Scientific specializes in ablation products for oncology and cardiology, with an emphasis on RF ablation and cryoablation technologies. The company’s focus on R&D and new product launches helps maintain its competitive edge.

Johnson & Johnson (Ethicon): Known for its advanced ablation systems, Johnson & Johnson’s Ethicon division has a strong market presence, particularly in cancer and pain management. The company invests in robotics and AI-based imaging technologies to improve procedural outcomes.

Abbott Laboratories: Abbott provides a range of devices for electrophysiology and ablation, especially for treating atrial fibrillation. Abbott’s innovative solutions aim to improve procedural accuracy and minimize patient discomfort.

AngioDynamics: Focused on oncology and vascular applications, AngioDynamics offers microwave ablation systems for precise tumor ablation. The company emphasizes product affordability and ease of use, making it a preferred choice in cost-sensitive markets.

Report Overview : https://www.infiniumglobalresearch.com/reports/global-tissue-ablation-market

Challenges and Opportunities

Despite the growth prospects, the tissue ablation market faces certain challenges, such as the high cost of ablation procedures and equipment, limited access in low-resource settings, and risks associated with complications like infection or damage to surrounding tissues. Additionally, regulatory hurdles in introducing new technologies can slow down product launches.

However, there are considerable opportunities in the market, including the development of next-generation ablation devices that leverage artificial intelligence and robotics for enhanced precision. Increasing investments in healthcare infrastructure in emerging economies also create a favorable environment for expanding ablation technology applications.

Conclusion

The global tissue ablation market is poised for significant growth, with projections showing a rise from USD 1,200 million in 2022 to nearly USD 2,000 million by 2028, at a CAGR of almost 8%. Demand for minimally invasive, precision-based procedures and technological innovations are driving this growth. As companies continue to expand their product offerings and penetrate emerging markets, the adoption of tissue ablation techniques will further accelerate, addressing an ever-growing need for effective and less invasive treatment options worldwide.

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Focused Ultrasound System for Neurosurgery Market Analysis, Size, Share, Growth, Trends, and Forecasts by 2031

The Focused Ultrasound System for Neurosurgery market is an innovative and minimally invasive therapeutic technology gaining significance in neurological treatment. Focused ultrasound surgery is a novel technique that utilizes focused ultrasonic energy for the ablation or disruption of diseased tissue in the brain or spine. Focused ultrasound neurosurgery involves a transducer delivering focused ultrasonic waves to a precise target in the body without causing damage to overlying or adjacent tissue structures. This allows for a completely non-invasive approach to treat essential tremor, Parkinson's disease, neuropathic pain and tumors in the brain and spine.

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Top Companies

INSIGHTEC Ltd.

Carthera S.A.

Neurosona Co., Ltd.

FUS Instruments Inc.

Sonic Concepts, Inc. (NeuroFUS)

BrainSonix Corporation

NaviFUS Corporation

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Compared to traditional open surgery or radiation therapy, focused ultrasound neurosurgery is important for its potential to improve clinical outcomes, reduce risk and length of hospitalization and improve quality of life for patients. The technology can reach abnormalities previously considered inoperable and enables treatment without general anesthesia or ionizing radiation.

Some key drivers of growth for this market include rising prevalence of neurological disorders, strong clinical evidence demonstrating safety and efficacy, and expanded regulatory approvals worldwide. As researchers continue to refine focused ultrasound techniques and expand its applications, this innovative technology holds genuine promise for transforming neurosurgery and improving patient care globally.

Global Focused Ultrasound System for Neurosurgery market is estimated to reach $82,718.1 Million by 2030; growing at a CAGR of 7.9% from 2023 to 2030.

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Tumor Ablation Market Worth $1.4 billion | MarketsandMarkets™

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Tumor Ablation Market Worth $1.4 billion | MarketsandMarkets™

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