The global ablation technologies market is expected to reach USD 4.73 billion by 2021, at a CAGR of 10.9 percent between 2016 and 2021, states MarketsandMarkets. The emergence of next-generation ablation products and the adoption of minimally invasive procedures, coupled with the increasing number of ablation procedures are driving the growth of the market. Also, the rapidly increasing geriatric population with a higher risk of target diseases and the increasing number of hospitals and ablation centers are also fueling the market growth. The ongoing healthcare reforms in the US and cost-containment measures adopted by various governments are limiting the growth of this market.
The emerging Asia-Pacific market offers growth opportunities for companies engaged in the development and manufacturing of ablation technologies products. Remarkable patient base, improving healthcare infrastructure, and rising focus of global players in this region are propelling the growth of the market in this region.