According to a market report, published by Sheer Analytics and Insights, The global microwave ablation system market was valued at $340.5 million in 2021 and it is expected to reach $1098.4 million at a CAGR of 10.4% between 2022 and 2032. Ablative therapy has proven to be an effective treatment option for patients with small tumors that are challenging to operate on. A form of ablative therapy is microwave ablation. It serves as a substitute for radiofrequency ablation. Modern medical gadgets called microwave ablation devices to use electromagnetic radiation to treat various tumor forms. The ideal method for doing minimally invasive surgery on soft tissue, including the liver, kidney, and lung, is the microwave ablation device. Additionally, comparing microwave ablation to conventional cancer treatment, the latter had lower rates of morbidity and mortality. Image-guided surgery is a possibility with some microwave ablation equipment that is compatible with CT and ultrasound scanners. Hence, these factors are driving the microwave ablation system market.
The drivers driving the global market for microwave ablation devices are the rise in cancer prevalence, decreased procedure costs, and the opportunity for outpatient therapy. The amount of tumor ablation treatments performed with image-guided equipment is also anticipated to grow, driving the global market. Moreover, Microwave ablation devices have several benefits that are expected to drive up demand for the treatment of tumor cells, including larger tumor ablation volumes, quicker ablation times, and the capacity to use numerous applicators, optimal heating of cystic masses, and reduced procedural pain. These primary factors are expected to drive the growth of this market during the upcoming years.
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Furthermore, with the aid of their research and invention, the companies are creating cutting-edge microwave ablation devices. Their NEUWAVE Microwave Ablation System has received approval from the Food and Drug Administration (FDA). The Emprint ablation catheter kit will also receive a breakthrough device designation status grant from the US Food and Drug Administration (FDA) in April 2021, according to Medtronic plc. In addition, technological innovation and rising demand for minimally invasive procedures have both contributed to the market for microwave ablation devices expanding rapidly over the forecast period. Hence, these rising factors are also projected to create more growth opportunities for the microwave ablation system market across the globe.
On the other hand, several factors could hamper the market growth in the future. For instance, the dearth of competent labor and lack of knowledge about microwave tissue ablation treatment hinders the market's expansion. It is anticipated that shortly, innovative technological breakthroughs in surgical procedures and ablation machines would generate growth prospects. Moreover, the main barrier to the market for microwave ablation systems is the high cost of the components. On the other hand, it is anticipated that the market growth for microwave ablation systems will be constrained by an unfavorable regulatory environment and issues with device reuse and reprocessing in emerging countries.
Some new developments in the global microwave ablation system market:
- On 23rd February, 2022, a directional microwave ablation generator was developed by Engenious Design and Precision Microwave to treat malignancies that were previously incurable. Engenious Design and Manhattan-based startup Precision Microwave have teamed up to create a cutting-edge device that will enable minimally invasive surgery to cure cancer tumors that were previously inoperable. The system is an upgraded Directional Microwave Ablation applicator from Precision Microwave that comes with a new microwave generator.
- On 12th April, 2022, for the ablation of cardiac tissue, AtriCure introduced clamp. The platform uses Synergy radiofrequency and features parallel closure, uniform pressure, and customized power. According to AtriCure, the EnCompass Clamp's new features make it simpler to position using a magnetic guide, resulting in more effective operations by reducing tissue dissection.
According to the study, key players dominating the global microwave ablation system market are AngioDynamics (U.S), Emblation Ltd (U.K), Huber+Suhner (Switzerland), Johnson and Johnson (U.S), Medtronic Plc (Ireland), Medwaves (U.S), Miramar Labs (U.S), Mermaid Medical (Denmark), Pearson Medical Technologies (U.S), Siemens (Germany), Symple Surgical (U.S), Terumo Corporation (Japan), Urologix (U.S), Vision Medical (India), among others.
The Global Microwave Ablation System Market Has Been Segmented Into:
The Global Microwave Ablation System Market – by Component Type:
- Generator
- Power Distribution System
- Accessories
- Others
The Global Microwave Ablation System Market – by Application Type:
- Oncology
- Cardiology
- Urology
- Orthopedic
- Others
The Global Microwave Ablation System Market – by Regions:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The U.K.
- France
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Australia
- Rest of Asia Pacific
- LAMEA
- Middle East
- Saudi Arabia
- UAE
- Others
- Latin America
- Brazil
- Chile
- Others
- Africa
- South Africa
- Egypt
- Other
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/microwave-ablation-system-market-21
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