PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1699468
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1699468
Global Ablation Devices Market is estimated to be valued at USD 4.86 Bn in 2025 and is expected to reach USD 9.59 Bn by 2032, growing at a compound annual growth rate (CAGR) of 10.2% from 2025 to 2032.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2024 | Market Size in 2025: | USD 4.86 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 10.20% | 2032 Value Projection: | USD 9.59 Bn |
Ablation is the process of removing or destroying tissue using heat or alternative energy forms. Ablation devices utilize various sources of energy to destroy tissue through ablation. Energy-based technologies used for ablation include electrical, laser, ultrasound, microwave, radiofrequency, intense focused ultrasound (IFU), and cryoablation. Ablation devices are minimally invasive instruments that help physicians treat both benign and cancerous tumors in various parts of the body, including the lungs, kidneys, liver, and many other areas. Increasing preference for minimally invasive procedures over traditional open surgical methods, a rise in chronic health conditions like cancer that require ablation treatment, and technological advancements in ablation systems are some of the major factors driving market revenue growth.
The growing geriatric population, which is more prone to developing various chronic diseases like cancer, is a key factor fueling the demand for ablation devices worldwide. Additionally, increasing preference among physicians and patients for minimally invasive treatment methods as they offer benefits like reduced trauma, hospital stay, and recovery time is bolstering the adoption of ablation technology. However, the high costs associated with advanced ablation systems and procedures could hamper market expansion to some extent. On the other hand, ongoing research and development activities aimed at developing more innovative and effective ablation technologies open up lucrative opportunities for stakeholders. For instance, industry players are working on expanding indications of ablation therapies and leveraging artificial intelligence to optimize ablation treatment planning and delivery.