Tumor Ablation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Tumor Ablation Market is Segmented by Technology (Radiofrequency Ablation, Microwave Ablation, Cryoablation, and Other Technologies), Mode of Treatment (Surgical Ablation, Laparoscopic Ablation, and Percutaneous Ablation), Application (Liver Cancer, Lung Cancer, Kidney Cancer, Bone Metastasis, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

Tumor Ablation Market Summary
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 10.1 %
Tumor Ablation Market Major Players

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Market Overview

The tumor ablation market is expected to grow at a significant CAGR of 10.1% during the study period, 2022-2027.

The COVID-19 pandemic affected healthcare systems globally and resulted in the interruption of usual care in many healthcare facilities, exposing vulnerable patients with cancer to significant risks. For instance, a study titled "Impact of the COVID-19 Pandemic on Cancer Care: A Global Collaborative Study" in 2020 reported that 356 centers from 54 countries across six continents participated between April 21 and May 8, 2020. These centers serve 716,979 new patients with cancer every year. Most of them (88.2%) reported facing challenges in delivering care during the pandemic. Although 55.34% reduced services as part of a preemptive strategy, other common reasons included an overwhelmed system (19.94%), lack of personal protective equipment (19.10%), staff shortage (17.98%), and restricted access to medications (9.83%). However, the growing number of cancer cases amid the outbreak had a positive impact on the market's growth, as hospitals and clinics continued to perform cancer surgeries and ablation procedures during the pandemic. For instance, the study titled "COVID-19 and liver cancer: lost patients and larger tumors" published in April 2022 stated that due to the increasing incidence of hepatocellular carcinoma (HCC) brought on by alcohol-related liver disease and non-alcoholic fatty liver disease in Northern England, there was less impact on resection and ablation, as elective cancer surgeries continued in various hospitals and clinics. Thus, the impact of COVID-19 on the market was adverse in its preliminary phase, however owing to the resumption of surgical cancer procedures worldwide, the market is expected to gain traction over the coming years.

Furthermore, factors that are propelling the growth of the market include the rising burden of cancer, technological advancements that are being made in ablation devices, and the growing demand for minimally invasive surgeries.

Cancer is one of the most prevalent diseases globally, affecting the lives of several individuals. As per the 2020 statistics by GLOBOCAN 2020, an estimated number of 19,292,789 people were diagnosed with cancer in 2020. As per the same source mentioned above, the number of people with lung cancer was estimated to be 2,206,771 in 2020 and this is expected to rise over the future. Moreover, as per the International Agency for Research on Cancer (IARC), in December 2020, globally, 1 in 5 people develop cancer during their lifetime, and 1 in 8 men and 1 in 11 women die from the disease. The IARC estimated that in 2020, the prevalence of cancer rose to 19.3 million cases and 10 million cancer deaths 2020, which was around 18 million cancer cases around the world in 2018. Thus, this increasing prevalence of cancer indicates a rising need for surgeries and effective ablation procedures for cancer, thereby driving the market growth.

Furthermore, key strategies adopted by major players, such as partnerships and collaborations, to strengthen the product portfolio in the market will also positively impact the market studied. For instance, in July 2021, Terumo Europe and University Medical Center Utrecht (UMC Utrecht) signed a Memorandum of Understanding (MoU) to strengthen their longstanding partnership in the field of oncology, including tumor ablation and chemoembolization through technological innovations.

Therefore, due to the above-mentioned factors, the studied market is expected to grow significantly during the study period. However, a strict regulatory process is expected to restrain the market's growth during the study period.

Scope of the Report

As per the scope of the report, tumor ablation is an image-guided technique in which the cancer cells in the tumor are killed through the delivery of concentrated energy or chemicals; the energy or chemicals are delivered through probes/needles. The Tumor Ablation Market is segmented by Technology (Radiofrequency Ablation, Microwave Ablation, Cryoablation, and Other Technologies), Mode of Treatment (Surgical Ablation, Laparoscopic Ablation, and Percutaneous Ablation), Application (Liver Cancer, Lung Cancer, Kidney Cancer, Bone Metastasis, and Other Applications), and Geography (North America, Europe, Asia – Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Technology
Radiofrequency (Rf) Ablation
Microwave Ablation
Cryoablation
Other Technologies
By Mode of Treatment
Surgical Ablation
Laparoscopic Ablation
Percutaneous Ablation
By Application
Liver Cancer
Lung Cancer
Kidney Cancer
Bone Metastasis
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Lung Cancer Segment to is Expected to Witness Better Growth Over the Forecast Period

Lung cancer is one of the leading causes of death worldwide. There are two main types: small cell lung cancer and non-small cell lung cancer, depending on how it appears under a microscope. Non-small cell lung cancer is more common than small cell lung cancer. The growing burden of lung cancer due to increased unhealthy habits, and a surge in research and development activities, coupled with the launch of products, is driving the market segment's growth. For instance, as per the 2020 statistics published by the American Society of Clinical Oncology, lung cancer is the second most common type of cancer and the leading cause of death worldwide (caused by any type of cancer) among men and women. Likewise, according to the GLOBOCAN statistics, in 2020, the total estimated new cases of lung cancer were 170,619 in the Southeast Asia region; 1,071,865 in the Western Pacific region; 51,316 in the WHO East Mediterranean region; and 26,918 in the WHO Africa region.

Additionally, growing clinical research for lung cancer and ablation treatments is fuelling the segment’s growth. For instance, a research study was initiated in December 2021 by Ethicon Inc. to evaluate the effectiveness and safety of the new wave-certus microwave ablation system in Chinese patients with primary or secondary tumors in the lung. The study is expected to be completed by December 2024. Moreover, as per the article "Food and Drug Administration (FDA) To Convene Workshop On Using Ablation Therapy To Treat Certain Lung Cancers" published in January 2022, the United States Food and Drug Administration held a two-day online workshop in April on how transbronchoscopic thermal ablation devices may be developed to treat intermediate-stage lung tumors. Such programs are likely to increase the awareness of the ablation system for lung cancer among the patient population, thereby driving the segment's growth.

Furthermore, in April 2021, Medtronic PLC received Breakthrough Device Designation status from the United States Food and Drug Administration (FDA) for the Emprint ablation catheter kit, which can be used in conjunction with the Emprint microwave generator and Medtronic lung navigation platform to provide a minimally invasive, localized treatment of malignant lesions in the lung.

Hence, due to the aforementioned factors, the segment is expected to grow over the forecast period.

Tumor Ablation Market: Estimated Number of Cancer Cases (in Million), by Region, 2020-2040

North America is Expected to Dominate the Market Over the Forecast Period

The North American region is expected to contribute significantly to the market growth during the study period. The United States is a major contributor to regional growth owing to factors such as the growing cancer burden, increasing research and development procedures, and increasing product launches. For instance, according to the 2022 American Cancer Society Inc., about 236,740 new lung cancer cases will be diagnosed in the country in 2022. The same source also states that 79,000 new cases of kidney cancer and 13,920 deaths will be reported in 2022 from kidney cancer.

Furthermore, the launch and approval of new products in the market are expected to impact the country's market growth positively. For instance, in March 2022, Quantum Surgical, a developer of ablation devices and other medical devices, received United States Food and Drug Administration (US FDA) approval for Epione, a new category of interventional oncology robotics dedicated to minimally invasive liver cancer treatment. The company’s Epione system helps plan and perform minimally invasive ablation surgery as an outpatient procedure by deploying computer-guided needles through the skin to single out and destroy tumors. Thus, such approvals increase the availability of products in the region, thereby driving market growth in North America.

Moreover, apart from the United States, Canada is one of the major markets for tumor ablation with a growing number of cancer cases. For instance, as per the Statistics Canada data updated in January 2022, lung cancer is one of the most diagnosed cancers in Canada. Additionally, as per the source mentioned above, lung cancer incidence and mortality rates increase with age, and the incidence rates are high among Canadians aged 75 to 84 years (396 per 100,000 people). This increasing number of lung cancer cases among Canadians will ultimately drive the demand for tumor removal procedures, in turn, driving the growth of ablation surgeries.

Thus, due to the aforesaid factors, the tumor ablation market in the North American region is expected to boost over the forecast period.

Tumor Ablation Market - Growth Rate by Region

Competitive Landscape

The tumor ablation market is consolidated and consists of a few major players. Most of the companies that are dominating the market are based in the United States and other countries like Australia, Germany, Japan, etc. With technological advancements, it is believed that new companies will enter the market in the near future with their novel techniques. The major market players include Medtronic Plc, Boston Scientific Corporation, AngioDynamics Inc., Abbott, and Merit Medical Systems, among others.

Recent Developments

  • In June 2022, IceCure Medical Ltd. submitted a regulatory filing to the Brazilian Health Regulatory Agency ("ANVISA") for the approval of ProSense, an advanced liquid-nitrogen-based cryoablation therapy for the treatment of tumors (benign and cancerous) by freezing, with the primary focus areas being breast, kidney, bone, and lung cancer.
  • In September 2021, Francis Medical, Inc., a privately held medical device company developing an innovative and proprietary water vapor ablation therapy for the treatment of prostate, kidney, and bladder cancer, completed the company's USD 55 million Series B equity financing.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    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 Increasing Burden of Cancer

      2. 4.2.2 Technological Advancement in Ablation Devices

      3. 4.2.3 Growing Demand of Minimally Invasive Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 Strict Regulatory Process

    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 (Market Size by Value – USD million)

    1. 5.1 By Technology

      1. 5.1.1 Radiofrequency (Rf) Ablation

      2. 5.1.2 Microwave Ablation

      3. 5.1.3 Cryoablation

      4. 5.1.4 Other Technologies

    2. 5.2 By Mode of Treatment

      1. 5.2.1 Surgical Ablation

      2. 5.2.2 Laparoscopic Ablation

      3. 5.2.3 Percutaneous Ablation

    3. 5.3 By Application

      1. 5.3.1 Liver Cancer

      2. 5.3.2 Lung Cancer

      3. 5.3.3 Kidney Cancer

      4. 5.3.4 Bone Metastasis

      5. 5.3.5 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 AngioDynamics Inc.

      2. 6.1.2 Bioventus

      3. 6.1.3 Johnson and Johnson (NeuWave Medical, Inc.)

      4. 6.1.4 Medtronic PLC

      5. 6.1.5 B. Braun Melsungen AG

      6. 6.1.6 Merit Medical Systems

      7. 6.1.7 HealthTronics, Inc.

      8. 6.1.8 Boston Scientific Corporation

      9. 6.1.9 Olympus

      10. 6.1.10 IceCure Medical

      11. 6.1.11 Stryker Corporation

    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 Global Tumor Ablation Market market is studied from 2019 - 2027.

The Global Tumor Ablation Market is growing at a CAGR of 10.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

AngioDynamics Inc., Merit Medical Systems, Boston Scientific Corporation, Medtronic, Olympus are the major companies operating in Global Tumor Ablation Market.

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