Asia-Pacific Ablation Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Asia-Pacific Ablation Devices Market is segmented by Type, Application (General Surgery, Cardiovascular Disease Treatment, Cancer Treatment, Ophthalmological Treatment, Gynecological Treatment, Urological Treatment, Cosmetic Surgery, Others), End User and Geography.

Market Snapshot

Market Snapshot1
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 7.6 %

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Market Overview

The Asia-Pacific Ablation Devices Market is expected to register a CAGR of nearly 7.6% during the forecast period. Rising incidences of diseases such as cancer and cardiac ailments are expected to boost the demand for ablation procedures. The technological advancements to design high-end products and growing demand for treatment procedures, which are minimally invasive are also expected to boost the ablation technologies market. Furthermore, the rising number of the ageing population having a higher risk of target diseases is another vital factor driving the demand for ablation procedures.

Japan has the world’s fastest ageing population. According to the World Ageing 2019 report, estimates that the number of the population who are above 65 years of age in Japan was 35.524 million (28%) in 2019 which is projected to reach 37.278 million (30.9%) in 2030. As the number of geriatric population is expected to increase in coming years who are more prone to chronic diseases such as cancer, cardiovascular diseases, and urinary disorders which are expected to increase the ablation procedures in near future which shows a positive impact on the market.

Furthermore, as per World Health Organization (WHO) stated that there were approximately 361,400 deaths due to cancer in 2014. However, the 2018 statistics by the WHO indicate that the deaths due to cancer increased to nearly 409,400 in Japan.

Therefore, rising prevalence of cancer and other chronic diseases is expected to show significant growth over the forecast period. However, stringent regulatory framework leading to an increase in the gestation period for product launches is also a market challenge which is hindering the market growth.

Scope of the report

As per the scope of the report, ablation generally refers to the removal of a part of biological tissue, usually by surgery. Ablation devices offer a minimally invasive alternative to traditional surgical treatment of liver, prostate, kidney and lung cancers. The Asia-Pacific Ablation Devices market is segmented by technology, application, end-User, and geography.

By Device Technology
Radiofrequency Devices
Laser/Light Ablation
Ultrasound Devices
Cryoablation Devices
Other Devices
By Application
Cancer Treatment
Cardiovascular Disease Treatment
Ophthalmologic Treatment
Gynecological Treatment
Urological Treatment
Cosmetic Surgery
Other Applications
By End-Users
Hospitals
Ambulatory Surgical Centers
Other End-Users
Geography
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

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Key Market Trends

Cancer Treatment Segment is Expected to Hold Significant Market Share in the Asia-Pacific Ablation Devices Market

Over the years, the prevalence rate of cancer has increased in India. As per the World Health Organization (WHO), there were 683,800 deaths due to cancer in India, in 2014. This number was reported to have increased to nearly 785,000 in 2018. The report also stated that cervix uteri cancer was the second leading cause of death among women and the third leading cause of death overall in India.

Furthermore, The Cancer Council of Australia states that cancer is the leading cause of deaths in Australia. As per the council, in 2019 there were almost 50,000 deaths from cancer in Australia.

Thus, owing to the increasing prevalence of cancer the segment is expected to witness a high growth rate over the forecast period.

APAc ablation key trend 1.png

Competitive Landscape

The Asia-Pacific Ablation Devices market is moderately competitive and consists of a few major players. Companies like Abbott, AtriCure, Inc., Boston Scientific Corporation, Conmed Corporation, Johnson and Johnson, Medtronic PLC, Olympus Corporation, Smith & Nephew PLC, among others, hold the substantial market share in the Asia-Pacific Ablation Devices Market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in the Prevalence of Chronic Diseases

      2. 4.2.2 Emergence of Next-generation Ablation Products and Technology

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Device

      2. 4.3.2 Lack of Awareness and Stringent Regulations

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Device Technology

      1. 5.1.1 Radiofrequency Devices

      2. 5.1.2 Laser/Light Ablation

      3. 5.1.3 Ultrasound Devices

      4. 5.1.4 Cryoablation Devices

      5. 5.1.5 Other Devices

    2. 5.2 By Application

      1. 5.2.1 Cancer Treatment

      2. 5.2.2 Cardiovascular Disease Treatment

      3. 5.2.3 Ophthalmologic Treatment

      4. 5.2.4 Gynecological Treatment

      5. 5.2.5 Urological Treatment

      6. 5.2.6 Cosmetic Surgery

      7. 5.2.7 Other Applications

    3. 5.3 By End-Users

      1. 5.3.1 Hospitals

      2. 5.3.2 Ambulatory Surgical Centers

      3. 5.3.3 Other End-Users

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 Japan

        3. 5.4.1.3 India

        4. 5.4.1.4 Australia

        5. 5.4.1.5 South Korea

        6. 5.4.1.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 AtriCure, Inc.

      3. 6.1.3 Boston Scientific Corporation

      4. 6.1.4 Conmed Corporation

      5. 6.1.5 Johnson and Johnson (Biosense Webster, Inc)

      6. 6.1.6 Medtronic PLC

      7. 6.1.7 Olympus Corporation

      8. 6.1.8 Smith & Nephew PLC

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The APAC Ablation Devices Market market is studied from 2018 - 2026.

The APAC Ablation Devices Market is growing at a CAGR of 7.6% over the next 5 years.

Abbott Laboratories, Boston Scientific Corporation, Medtronic PLC, Conmed Corporation, Olympus Corporation are the major companies operating in APAC Ablation Devices Market.

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