Market Trends of North America Ablation Devices Industry
This section covers the major market trends shaping the North America Ablation Technologies Market according to our research experts:
Cancer Treatment Segment is Expected to Hold Significant Market Share in the North America Ablation Devices Market
According to the estimates of the American Cancer Society, in 2018, there were about 1,735,350 new cancer cases diagnosed and 609,640 deaths, due to cancer in the United States. The most common cancers in the United States are breast cancer, lung cancer, prostate cancer, colorectum cancer, bladder cancer, and skin cancer.
North America has a better healthcare infrastructure, as compared to other regions around the world. The increasing spending on research and development on cancer treatment is expected to drive the market in North America. The National Cancer Institute (NCI) has stated that the national spending on cancer care is expected to reach USD 156 billion, by 2020 in the United States.
Thus, owing to the rising R&D, increasing prevalence of cancer, and the presence of better healthcare infrastructure in North America, the market is expected to witness a high growth rate over the forecast period.
