Thyroid Ablation Devices Market Size and Share

Thyroid Ablation Devices Market (2026 - 2031)
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Thyroid Ablation Devices Market Analysis by Mordor Intelligence

The Thyroid Ablation Devices Market size is estimated at USD 189.13 million in 2026, and is expected to reach USD 389.49 million by 2031, at a CAGR of 15.54% during the forecast period (2026-2031).

A pronounced shift from thyroidectomy toward image-guided thermal procedures, favorable reimbursement changes, and rising nodule prevalence are the primary forces behind this expansion. Radiofrequency ablation (RFA) is entrenched as the workhorse modality, but microwave ablation (MWA) is gaining traction as operators target faster energy delivery for nodules larger than 3 cm. Detection of thyroid nodules has risen sharply 19.5 million cases each year in the United States alone while worldwide thyroid cancer incidence is projected to advance from 586,000 cases in 2020 to 794,000 by 2040, fueling a steady pipeline of procedures. Regulatory momentum adds further lift; the U.S. Centers for Medicare & Medicaid Services (CMS) included CPT 60660 in the Ambulatory Surgical Center (ASC) payment system effective January 2025, encouraging outpatient migration of thyroid ablation.

Key Report Takeaways

  • By technology, radiofrequency ablation led with 43.21% of thyroid ablation devices market share in 2025, whereas microwave ablation is set to register the fastest 17.07% CAGR through 2031. 
  • By application, benign thyroid nodules captured 42.73% of the thyroid ablation devices market in 2025 and are poised to expand at a 16.95% CAGR through 2031. 
  • By end user, hospitals and clinics accounted for 48.76% of revenue in 2025, while ASCs are projected to log the highest 18.13% CAGR through 2031 as payers reward lower-cost outpatient settings. 
  • By geography, North America accounted for 42.53% of 2025 revenue, whereas Asia-Pacific is forecast to clock a 19.93% CAGR through 2031, driven by accelerating regulatory approvals in China and Korea.

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.

Segment Analysis

By Technology: Microwave Gains on Procedural Speed

The thyroid ablation devices market for microwave systems is projected to grow at a 17.07% CAGR between 2026 and 2031, outpacing overall industry growth. Radiofrequency retains 43.21% thyroid ablation devices market share owing to entrenched reimbursement and trained operators, yet new Chinese platforms priced 25%–35% lower are accelerating microwave penetration in price-sensitive Asia-Pacific hospitals. The 2024 Radiology study demonstrated a 30% reduction in procedure time for MWA with an 80% twelve-month volume-reduction ratio, nearly matching RFA outcomes. Laser ablation maintains 8%–10% technology revenue, favored for fiber-optic delivery that limits thermal spread, while HIFU remains a 5%–7% niche due to high capital costs and 90-minute workflows. FDA 510(k) clearances for new microwave and RFA platforms during 2024–2025 expand the supplier roster and intensify price competition.

Regulatory convergence is improving time-to-market; IEC revisions to harmonize safety standards for high-frequency surgical equipment will underpin multi-country filings. Vendors now bundle generators, ultrasound software, and starter electrodes, mirroring razor-and-blade models standard in surgical energy. Ceramic-coated electrodes that diffuse heat evenly and embedded fiber Bragg sensors are rapidly becoming “must-have” features rather than premium add-ons.

Thyroid Ablation Devices Market: Market Share by Technology
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By Application: Benign Nodules Anchor Procedural Volume

Benign nodules commanded 42.73% of 2024 revenue and are projected to grow at 16.95% annually as more patients pursue cosmetic improvement and symptom relief without surgery. Meta-analyses confirm 67%–93.6% nodule reduction and regrowth under 14%, results that resonate with patient expectations. Primary thyroid cancer remains a smaller slice; skepticism around long-term oncologic control deters insurers despite promising five-year microwave data. Recurrent carcinoma in the thyroid bed or neck nodes is emerging as a surgical adjunct; Korea’s new guidelines endorse RFA for locoregional recurrence, catalyzing uptake in Seoul and Busan.

Payers are aligning coverage with data showing lower total episode costs compared with lobectomy, specifically by avoiding permanent hypoparathyroidism (2%–5%) and recurrent nerve injury (1%–2%). Bethesda III/IV nodule ablation is expanding despite limited reimbursement, as physicians and patients seek to avoid diagnostic surgery.

By End User: ASCs Capture Outpatient Migration

ASC revenue is projected to grow at an 18.13% CAGR, driven by CMS’s 2025 CPT 60660 listing, which delivers favorable bundling. The ASC model appeals to providers seeking better economics and to patients who prefer same-day discharge. Hospitals and clinics remain the largest channel at 48.76% revenue share, performing complex cases near critical anatomy or managing comorbid patients. Specialty cancer centers integrate ablation into multidisciplinary pathways but grow more slowly as their focus skews toward malignant disease. Office-based labs, powered by compact RFA generators, are a fast-growing “others” segment that captures both professional and technical fees.

Private-equity roll-ups of thyroid clinics are driving volume purchasing agreements that squeeze device pricing. Hospitals counter with outpatient thyroid intervention suites to retain commercially insured patients, while specialty cancer centers partner with manufacturers on investigator-initiated trials to reinforce thought-leadership status.

Thyroid Ablation Devices Market: Market Share by End User
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Geography Analysis

North America supplied 42.53% of 2025 global revenue. Integration into endocrinology and interventional radiology fellowships, plus CMS-driven reimbursement changes, underpin growth. Canadian provinces are piloting ablation, but inconsistent reimbursement is stretching public wait times beyond 6 months. Mexico’s private network attracts U.S. patients seeking costs of USD 2,500–3,500 versus USD 5,000–8,726 domestically. Operator shortages persist; fewer than 20 U.S. programs offer structured thyroid intervention curricula, limiting procedure availability in rural regions.

Asia-Pacific is the fastest-growing region with a projected 19.93% CAGR through 2031. China’s NMPA approvals for domestic RFA systems in 2024–2025 and a 2024 National Health Commission consensus standardized care across more than 2,000 hospitals. Korea, with the world’s highest thyroid cancer incidence, embeds RFA in recurrent-disease guidelines, driving cases in Seoul and Busan. Japan’s aging population values non-scarring outpatient options, accelerating adoption. India and Australia are nascent but expanding through private-hospital investment, yet public systems remain surgical-centric. Payment disparities persist; Chinese provincial rates vary threefold, and Southeast Asia lacks procedural codes, concentrating demand in cash-pay medical-tourism hubs.

Europe owns roughly one-fifth of 2024 revenue. Germany reimburses RFA for symptomatic benign nodules, whereas France and the United Kingdom limit reimbursement to trials or compassionate use, leaving patients to self-fund EUR 1,500–3,000 per session. Italy and Spain expand academic center programs in line with the European Thyroid Association's guidance. Adoption in the Middle East and Africa is uneven; Gulf Cooperation Council states reimburse through government insurance, but sub-Saharan Africa’s lack of codes pushes adoption toward private facilities in South Africa and Kenya. South America remains reimbursement-constrained, yet pilots in Brazil and Argentina test bundled-payment models that could unlock future growth.

Thyroid Ablation Devices Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The market is moderately fragmented. Boston Scientific, Medtronic, Johnson & Johnson (Ethicon NeuWave), Olympus, and STARmed together significant share in 2025. These conglomerates leverage existing hepatic and renal-tumor platforms, bundling generators with ultrasound consoles to penetrate thyroid workflows. Chinese challengers such as Baird Medical and Kangyou Medical undercut prices by up to 35% to win share in Asia-Pacific and Middle Eastern hospitals. Theraclion promotes premium HIFU systems to academic centers, but high capital cost and long case times constrain scale.

Competitive focus is shifting from pure energy delivery to software differentiation. In 2024–2025, Boston Scientific and Medtronic filed more than a dozen patents for AI-assisted thermal monitoring and ceramic-coated electrodes. PIUR Imaging integrates AI-driven 3-D ultrasound into ablation procedures, demonstrating an 18% reduction in procedure time. Single-use electrodes that eliminate reprocessing are another wedge for new entrants targeting infection-control-conscious ASCs. Partnerships between device makers and ASC chains accelerate, as volume commitments justify discounted pricing that hospital purchasing groups struggle to match.

Regulatory convergence aids smaller vendors. The International Electrotechnical Commission’s forthcoming updates to IEC 60601-2-2 are expected to standardize safety testing for thyroid-specific thermal devices, enabling multi-market filings and intensifying competition. Vendors are responding with value bundles: portable generators, ultrasound software, and electrode starter kits priced below USD 30,000 to court office-based endocrinologists.

Thyroid Ablation Devices Industry Leaders

  1. Boston Scientific Corporation

  2. Integra LifeSciences Holdings

  3. Johnson & Johnson

  4. Medtronic

  5. Olympus Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Thyroid Ablation Devices Market
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Recent Industry Developments

  • December 2025: Baird Medical sponsored a microwave ablation master-class in Arizona, training U.S. surgeons on next-generation thyroid protocols.
  • March 2024: Baird Medical obtained NMPA Class III approval for its RFA device, the first domestic Chinese system cleared for thyroid indications, prompting a 15% price cut among import brands.
  • February 2024: PIUR Imaging released tUS Infinity, an AI-powered 3-D ultrasound platform that trims thyroid ablation time by 18% and lifts volume-reduction ratios by seven points in early users.
  • January 2024: Hygea secured U.S. FDA 510(k) clearance for its microwave ablation platform, expanding U.S. options for energy-based thyroid therapy.

Table of Contents for Thyroid Ablation Devices Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Prevalence of Thyroid Nodules & Cancer
    • 4.2.2 Rapid Adoption of Minimally-Invasive Treatments Over Thyroidectomy
    • 4.2.3 Technological Advances in Image-Guided RFA / MWA Platforms
    • 4.2.4 Favourable Clinical-Practice Guidelines Endorsing Ablation
    • 4.2.5 AI-Driven Real-Time Thermal Monitoring Improving Procedural Safety
    • 4.2.6 Expansion of Office-Based Endocrine Suites & ASC Reimbursement Models
  • 4.3 Market Restraints
    • 4.3.1 High Capital & Disposable Costs of Ablation Systems
    • 4.3.2 Reimbursement Variability Across Regions
    • 4.3.3 Operator-Skill & Training Requirements
    • 4.3.4 Long-Term Oncologic Outcome Uncertainty for Primary Cancers
  • 4.4 Regulatory Landscape
  • 4.5 Technological Outlook
  • 4.6 Porter’s Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Competitive Rivalry

5. Market Size & Growth Forecasts

  • 5.1 By Technology
    • 5.1.1 Radiofrequency Ablation Devices
    • 5.1.2 Microwave Ablation Devices
    • 5.1.3 Laser Ablation Devices
    • 5.1.4 High-Intensity Focused Ultrasound Systems
    • 5.1.5 Other Technologies (Cryoablation Devices, Imaging & Guidance Accessories, etc.)
  • 5.2 By Application
    • 5.2.1 Benign Thyroid Nodules
    • 5.2.2 Primary Thyroid Cancer
    • 5.2.3 Recurrent Thyroid Cancer
  • 5.3 By End User
    • 5.3.1 Hospitals & Clinics
    • 5.3.2 Ambulatory Surgical Centers
    • 5.3.3 Specialty Cancer Centers
    • 5.3.4 Others
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 South Korea
    • 5.4.3.6 Rest of Asia-Pacific
    • 5.4.4 Middle East & Africa
    • 5.4.4.1 GCC
    • 5.4.4.2 South Africa
    • 5.4.4.3 Rest of Middle East & Africa
    • 5.4.5 South America
    • 5.4.5.1 Brazil
    • 5.4.5.2 Argentina
    • 5.4.5.3 Rest of South America

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles (includes Global level Overview, Market-level Overview, Core Segments, Financials, Strategic Information, Market Rank/Share, Products & Services, Recent Developments)
    • 6.3.1 Baird Medical
    • 6.3.2 Boston Scientific Corporation
    • 6.3.3 BTG International
    • 6.3.4 BVM Medical System
    • 6.3.5 Cryoport Inc.
    • 6.3.6 Cryterion Medical
    • 6.3.7 Integra LifeSciences Holdings
    • 6.3.8 Johnson & Johnson
    • 6.3.9 Medtronic
    • 6.3.10 MedWaves Inc.
    • 6.3.11 Mermaid Medical
    • 6.3.12 Olympus Corporation
    • 6.3.13 RF Medical Co., Ltd.
    • 6.3.14 RFAMD
    • 6.3.15 RGS Healthcare
    • 6.3.16 Sonoworld Medical
    • 6.3.17 STARmed Co., Ltd.
    • 6.3.18 TaeWoong Medical USA
    • 6.3.19 Terumo Corporation
    • 6.3.20 Theraclion SA

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-need Assessment
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Global Thyroid Ablation Devices Market Report Scope

The Thyroid Ablation Devices Market Report is Segmented by Technology (Radiofrequency Ablation Devices, Microwave Ablation Devices, Laser Ablation Devices, High-Intensity Focused Ultrasound Systems, Other Technologies), Application (Benign Thyroid Nodules, Primary Thyroid Cancer, Recurrent Thyroid Cancer), End User (Hospitals & Clinics, Ambulatory Surgical Centers, Specialty Cancer Centers, Others), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, South America). The Market Forecasts are Provided in Terms of Value (USD).

By Technology
Radiofrequency Ablation Devices
Microwave Ablation Devices
Laser Ablation Devices
High-Intensity Focused Ultrasound Systems
Other Technologies (Cryoablation Devices, Imaging & Guidance Accessories, etc.)
By Application
Benign Thyroid Nodules
Primary Thyroid Cancer
Recurrent Thyroid Cancer
By End User
Hospitals & Clinics
Ambulatory Surgical Centers
Specialty Cancer Centers
Others
By Geography
North AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-PacificChina
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & AfricaGCC
South Africa
Rest of Middle East & Africa
South AmericaBrazil
Argentina
Rest of South America
By TechnologyRadiofrequency Ablation Devices
Microwave Ablation Devices
Laser Ablation Devices
High-Intensity Focused Ultrasound Systems
Other Technologies (Cryoablation Devices, Imaging & Guidance Accessories, etc.)
By ApplicationBenign Thyroid Nodules
Primary Thyroid Cancer
Recurrent Thyroid Cancer
By End UserHospitals & Clinics
Ambulatory Surgical Centers
Specialty Cancer Centers
Others
By GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-PacificChina
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & AfricaGCC
South Africa
Rest of Middle East & Africa
South AmericaBrazil
Argentina
Rest of South America
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Key Questions Answered in the Report

How fast is the thyroid ablation devices market expected to grow between 2026 and 2031?

The industry is projected to advance at a 15.54% CAGR, scaling from USD 189.13 million in 2026 to USD 389.49 million by 2031.

Which modality is gaining share against radiofrequency ablation?

Microwave ablation is gaining adoption due to faster energy delivery and is forecast to grow at a 17.07% CAGR through 2031.

Why are ambulatory surgical centers important for future procedure volumes?

CMS added CPT 60660 to the ASC fee schedule in January 2025, enabling higher reimbursement and accelerating outpatient migration.

What limits ablation use for primary thyroid cancers today?

Lack of 10-year comparative oncologic data and absence of full endorsement from Western surgical societies keep primary cancer adoption modest.

Which region will record the highest growth rate by 2031?

Asia-Pacific will post the fastest CAGR at 19.93%, propelled by Chinese and Korean policy support and local manufacturer approvals.

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