Jersey City, New Jersey, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Bone Tumor Ablation Devices Market” By End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), By Technology (Radiofrequency Ablation, Microwave Ablation, Cryoablation), By Indication (Osteosarcoma, Chondrosarcoma, Ewing’s Sarcoma), and By Geography. According to Verified Market Research, the Global Bone Tumor Ablation Devices Market size was valued at USD 193.57 Million in 2020 and is projected to reach USD 344.89 Million by 2028, growing at a CAGR of 8.21% from 2021 to 2028.
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Global Bone Tumor Ablation Devices Market Overview
Numerous surgeons are widely adopting bone tumor ablation devices for the treatment of bone cancer. Moreover, the urgency in reducing the prevalence of bone tumor rate and providing an effective yet harmless therapy is expected to boost revenue growth in the global bone tumor ablation devices market. The rising geriatric population which is more vulnerable to contracting diseases is another reason that is supporting the growth of the global bone tumor ablation devices market. The growing preference of surgeons and older patients towards minimally invasive procedures due to the benefits such as faster recovery, patient comfort, and shorter turnaround time is expected to boost the demand for bone tumor ablation devices over the forecast period.
Moreover, the rising prevalence of bone-related disorders and high investment by private companies to develop advanced cancer treatment devices are further supporting the growth of the market. The global healthcare sector has witnessed significant infrastructural development considering the increasing healthcare costs, changing consumer and manufacturing preferences, developing patient demographics, and many others.
In addition to this, the global healthcare industry has experienced the augmented availability of technologically advanced healthcare equipment because of the growing investments from the healthcare stakeholders in delivering innovative care delivery models, advanced digital technologies, and many others. The up-surging healthcare infrastructure will create numerous opportunities in the cancer sector which will ultimately improve the demand for bone tumor ablation devices across the globe. Moreover, the increasing spending of people to treat various health disorders including cancer may provide an attractive growth opportunity for the market.
Key Developments
- Medtronic plc received 510(k) clearance for the Accurian(TM) RF ablation platform from the US Food and Drug Administration (FDA).
- Olympus Corporation announced its new Europe, Middle East and Africa (EMEA) region headquarters in Hamburg, Germany.
Key Players
The major players in the market are Olympus Corporation, Medtronic Plc, Merit Medical Systems Inc., AngioDynamics Inc., Medical Systems, Inc., Misonix Inc. (Bioventus), and others.
Verified Market Research has segmented the Global Bone Tumor Ablation Devices Market On the basis of End User, Technology, Indication, and Geography.
- Bone Tumor Ablation Devices Market, By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Bone Tumor Ablation Devices Market, By Technology
- Radiofrequency Ablation
- Microwave Ablation
- Cryoablation
- Others
- Bone Tumor Ablation Devices Market, By Indication
- Osteosarcoma
- Chondrosarcoma
- Ewing’s Sarcoma
- Metastatic Bone Cancer
- Others
- Bone Tumor Ablation Devices Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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Understanding the COVID-19 Impact on Healthcare Industry
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