The global cryoablation market is expected to grow at an impressive CAGR of 11.2% during the forecast period. The major factors that are augmenting the growth of the cryoablation market include an increase in the prevalence of chronic diseases such as cancer and changing lifestyles. In addition, the acceptance of minimally invasive technology and increasing investments in RD are other major factors augmenting the market growth. The emerging application of this therapy will turn out to be a huge opportunity for the cryoablation market.
Cryosurgery is used to treat several types of cancer and some precancerous conditions. In addition to cryosurgery, prostate, and liver tumors, cryoablation can be an effective treatment for retinoblastoma, early-stage skin cancers, actinic keratosis, and cervical cancer. Treatment is based on a 20–40 second application (multiple if needed) of a refillable metallic probe that is electrically heated to approximately 100 °C, most important to epithelial and stromal destruction. Cryotherapy ablation is providing by a diversity of healthcare professionals, including primary healthcare workers, and typically performed without anesthesia. Cryosurgery is also used to treat some types of low-grade cancerous and noncancerous tumors of the bone. Cryoablation moderates the risk of joint damage while compared with more extensive surgery and helps reduce the need for exclusion. The treatment is also used to treat AIDS-related Kaposi sarcoma when the skin injuries are small and confined.
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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.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Application
o By End-user
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o 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?
o Deviation from the pre-COVID-19 forecast
o 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?
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
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of the Asia-Pacific
Rest of the World
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