Ablation refers to minimally invasive procedures which entail the surgical excision of body tissues. Ablation procedures are gaining rapid popularity across the globe on account of the fact that they are used in minimally invasive ablation procedures. Lower risk of damage to tissues, lower risk of infection, quick recovery and cost effectiveness of ablation are some of the major drivers of this market.
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Growing base of geriatric population across the world clubbed with rising incidence rates of target conditions such as cancer and urological diseases will serve the global Ablation Technology market as high impact rendering drivers. Growing adoption of ablation procedures in emerging economies such as India, China, Russia and Brazil owing to the presence of high unmet medical needs and rising per capita healthcare expenditure in these countries, will fuel the future growth of the market. The electrical ablation and radiation ablation segment together hold the majority of the market share.
High prevalence of cardiovascular diseases especially atrial fibrillation and high usage rates of electrical ablation in the treatment of this disease attributes to its high market share. North America dominates the overall market in terms of market share owing to the rising demand of minimally invasive procedures and growing usage rates of ablation procedures. North America is followed by Europe.
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North America was the largest consumer of ablation technology due to introduction of ablation technology in earlier stages. Increased awareness regarding various treatments using ablation technologies has helped this market to grow. North America was followed by Europe. Asia Pacific region is expected to be the fastest growing regional market due to availability of large pool of patients, increased spending capacity of patients; increasing preference to ablation over surgery, Key players of the global ablation technology market include Arthocare, Accuray, Biosense, Corporation, Webster, Smith & Nephew, Varian Medical Systems, Olympus Corporation etc.
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