The global cryoablation market is anticipated to grow at a considerable CAGR of 11.2% during the forecast period (2021-2027). The rising incidence of cancer and cardiovascular diseases and the rising demand for safer therapeutic options are some of the major factors that are contributing to the growth of the global cryoablation market. Cryoablation therapy is developing as an alternative for the treatment of various chronic diseases and cancer such as prostate cancer, lung cancer, and renal tumor.
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The change in lifestyles such as the boost in tobacco and alcohol consumption is leading to an increase in the prevalence of cancer diseases, which are driving the adoption of cryoablation therapy in various hospitals and clinics. Cryotherapy is also called a local treatment; the Cryotherapy is only treating the area where the patient has treatment. It doesn’t treat any cancer cells in other parts of the body.
Cryotherapy uses extremely cold gases (N2O or CO2) to destroy cancer cells. It’s also called cryosurgery or cryoablation. During cryotherapy treatment, the doctor freezes the cancer cells to abstain from growing further with the help of cold gases. However, the lack of skilled medical physicians and a high cost of treatment are the major challenges for the market growth.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Application
- By End-user
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Medtronic Inc., Boston Scientific Corp., Johnson & Johnson Services, Inc., AtriCure, Inc., and CooperSurgical.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Cryoablation Market Report Segment
By Application
- Oncology
- Cardiology
- Others
By End-user
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
Global Cryoablation Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Adagio Medical, Inc.
- AngioDynamics, Inc.
- AtriCure, Inc.
- ATS Medical, Inc.
- BioSig Technologies, Inc.
- Boston Scientific Corp.
- CPSI Biotech
- HealthTronics, Inc.
- IceCure Medical
- Johnson & Johnson Services, Inc.
- Medtronic PLC.
- Olympus Corp.
- Sanarus Technologies, Inc.
- Stryker Corp.
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