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Global Ablation Technologies Market 2012-2016

Global ablation technologies market: 11% CAGR between 2012-2016

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2014-02-18 04:29:03 - Global Ablation Technologies Market 2012-2016 - a new market research report on

The Global Ablation Technologies market is to grow at a CAGR of 10.52 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased demand for minimally invasive surgical procedures. The Global Ablation Technologies market has also been witnessing the trend of miniaturizing medical devices. However, the varying regulations for medical devices could pose a challenge to the growth of this market.

One of the upcoming trends in the Global Ablation Technology market is the rapid advancements in technology using ablation technology devices. Although the market for ablation technology devices is at a mature stage, the level of technology is still at a nascent stage; more devices with cutting-edge technology are expected to be



introduced in the near future. Recently, laser ablation devices have been introduced to perform precise ablation of body tissue; these devices run on a laser energy transmission mechanism using fiber optics. This kind of device is used in transmyocardial revascularization and angioplasty. Another major advancement is the usage of catheter ablation for atrial fibrillation, which is commonly used to control tachy-arrhythmia. Thus, the rapid advancement in technology is an emerging trend that has a strong impact on the market.

There is a strong demand for MIS, which is fast gaining in popularity because of its advantages such as reduced pain, smaller scars, faster recovery, smaller incisions, minimal blood loss, non-requirement of hospitalization, and cost savings. Advanced medical devices such as endoscopy, biopsy, and diabetes devices are based on the concept of MIS. Thus, the increasing demand for MIS devices will have a positive impact on the growth of the market during the forecast period.

A key challenge in this market is the variations in regulations for the approval of ablation devices in many countries. The regulatory framework is not the same across the globe, and its variation poses a serious challenge for multinational healthcare companies.

The key vendors dominating this market space include Boston Scientific Corp., Medtronic Inc., St.Jude Medical Inc., and Varian Medical Systems Inc.

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