Global Ablation Technology Market Size is Expected To Reach USD 13.87 Billion in 2032 By CIOTechOutlook Team

Global Ablation Technology Market Size is Expected To Reach USD 13.87 Billion in 2032

CIOTechOutlook Team | Tuesday, 29 August 2023, 06:07 IST

By 2032, the global market for ablation technology is expected to be worth USD 13.87 billion, growing at a 9.3% compound annual growth rate (CAGR) during the course of that time. The significant growth in market revenue is seen in this report by Emergen Research. Technology's continuous developments as well as the improved accessibility and affordability of cutting-edge ablation devices are both responsible for this expansion.

The launch of the DIRECTSENSE Technology on June 1, 2020, serves as an illustration of this tendency. With the use of this technology, cardiac ablation treatments may be monitored to see how radiofrequency (RF) energy is being delivered. Notably, the United States was where this technique was formally introduced. The RHYTHMIA HDx Mapping System, which uses DIRECTSENSE Technology, has been given U.S. government certification.

In April, the Food and Drug Administration (FDA). The INTELLANAV MiFi Open-Irrigated (OI) ablation catheter's tip has a local impedance that can fluctuate, and this device is unique in that it can track these changes. With this invention, medical experts now have another way to evaluate the therapeutic outcomes of ablation operations.

The bulk of market revenue is accounted for by a small number of big and medium-sized companies in the consolidated global ablation technology market. Major businesses are using a variety of tactics, making mergers and acquisitions, strategic agreements, and contracts, as well as creating, experimenting with, and releasing more efficient ablation technology services.