Global Microwave Ablation Market Trends and Drivers, Restraints, and Opportunities 2017-2023

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  • Published Date:
    Apr 2019
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  • Category:
    Healthcare & Pharmaceuticals
  • Publisher:
    Infoholic Research
Global Microwave Ablation Devices Market – Drivers, Opportunities, Trends, and Forecasts: 2017–2023
Overview: Microwave ablation refers to the surgical removal of a body tissue by transferring heat to the target tissue. The process is used to remove a tiny or large quantity of tissue. A specially equipped needle is inserted near the site with image-guided modalities such as computed tomography, ultrasonography, and magnetic resonance imaging. The needle is subjected to various form of electrical tests depending on the type of technology used. This is a form of thermal ablation with energy spectrum of 300 MHz to 300 GHz used to produce tissue-heating effects. The increasing demand for energy-based ablation devices has increased the demand for microwave ablation procedures across the globe. The market is driven by several factors that contribute to the business growth globally.
The rise in awareness about minimally invasive surgeries or procedures has created a high adoption as it is less painful, performed as an outpatient procedure, and unlike traditional open surgeries they are less expensive. Minimally invasive surgeries are emerging as potential replacements for conventional therapeutic cancer surgeries for the treatment of various tumors of the prostate gland, lungs, and liver. Further, robotic navigation technologies that perform microwave ablation procedures more accurately are being incorporated to increase the popularity of these surgeries. The cost of microwave tissue ablation treatment is directly proportional to the size of the tissue/tumor and the number of probes required for the surgery.
The major products in the market include:
• Solero MTA System
• NEUWAVE Microwave Ablation System
• Evident MW Ablation System
• AveCure Microwave System
• MicroThermX Devices
The market is dominated by Medtronic, AngioDynamics, NeuWave Medical (now Johnson & Johnson), MedWaves, and Perseon which has more than 75% market share in the Global Microwave Ablation Devices market. Factors, such as the increased prevalence of chronic disorders, growing popularity about minimally invasive surgeries, focus on early prevention, and the increase in disposable income, are driving the market growth.
Market Analysis: The Global Microwave Ablation Devices Market is estimated to witness a CAGR of 14.8% during the forecast period 2017–2023. The market is analyzed based on three segments, namely product type, end-users, and regions.
Regional Analysis: The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). The Americas is set to be the leading region for the microwave ablation devices market growth followed by Europe. Asia Pacific and ROW are set to be the emerging regions. The emerging markets have a high potential to grow owing to an increase in the number of microwave ablation procedures due to the rise in disposable income, presence of a large pool of chronic patient population, and focus toward healthcare infrastructure. However, the high cost of devices and expensive procedural cost, lack of skilled electrophysiologist, lack of proper reimbursement policies, lack of awareness about advanced ablation devices in developing countries have a significant impact on the overall market growth.
Product Analysis: Consumables are the fastest growing segment and dominates the global ablation market with 65% of the total market. Cardiac arrhythmias are the most popular ablation treatment followed by cancer ablation methods in all the ablation types. The increase in the prevalence of chronic disorders and growing number of microwave ablation procedures are expected to drive the consumables market during the forecast period. The generator/electrosurgical unit segment is growing at a steady growth rate and is expected to see a significant growth in the emerging markets.
Key Players: Medtronic, AngioDynamics, NeuWave Medical (now Johnson & Johnson), MedWaves, Perseon, and other predominate & niche players.
Competitive Analysis: The Global Microwave Ablation Devices market is growing faster and has immense growth opportunities for vendors, especially in the developed regions. The presence of large, small, and local vendors in the market possess high competition. The vendors have a strong focus on acquiring smaller companies and expanding their business operations by leveraging their products portfolio across the globe. The competitive environment in the market will intensify further with an increase in product/service extensions, product innovations, and M&A. They form strategic alliances for the marketing or manufacturing of microwave ablation devices.
Benefits: The report provides complete details about the usage and adoption rate of microwave ablation devices for the treatment of various chronic disorders. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the ablation devices adoption in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals to analyze before investing or expanding the business in this market.
Key Stakeholders:

Table of Contents
1 Industry Outlook 10
1.1 Industry Overview 10
1.1.1 Generators/Electrosurgical Unit 11
1.1.2 Ablation Catheters 11
1.1.3 Consumables 11
1.2 Microwave ablation (MWA) 13
1.3 Major Diseases Covered 13
1.3.1 Cancer 13
1.3.2 Cardiac Arrhythmias 14
1.4 Industry Trends 14
1.5 PEST Analysis 15
2 Report Outline 15
2.1 Report Scope 15
2.2 Report Summary 16
2.3 Research Methodology 17
2.4 Report Assumptions 17
3 Market Snapshot 18
3.1 Total Addressable Market (TAM) 18
3.2 Segmented Addressable Market (SAM) 19
3.3 Related Markets 23
3.3.1 Surgical Devices Market 23
3.3.2 Radiofrequency Ablation Devices Market 23
3.3.3 Ablation Catheters Market 23
3.3.4 Cardiac Ablation Market 24
4 Market Outlook 24
4.1 Overview 24
4.2 Importance of Microwave Ablation Devices 26
4.3 Porter 5(Five) Forces 26
4.4 Market Dynamics 27
4.4.1 Drivers 28 Rise in incidence of chronic disorders 28 Increasing popularity of MI surgeries 28 Increase in the number of outpatient procedures 29 Increasing market awareness and campaigns 29 Rise in elderly population 30
4.4.2 Opportunities 30 Technological advancements 30 High adoption of microwave for better support and improve patient outcome 31 Increasing healthcare spending 31 Shift towards minimal and non-invasive procedures 32
4.4.3 Restraints 32 Complications and risk associated with microwave ablation procedures 32 Presence of substitutes 33 High cost of microwave ablation procedures 33 Stringent regulatory approval process 34 Lack of skilled electrophysiologists 34
4.5 DRO – Impact Analysis 34
4.6 Key Stakeholders 35
5 Product Type: Market Size and Analysis 36
5.1 Overview 36
5.2 Generators/Electrosurgical Units 38
5.2.1 Overview 38
5.2.2 Featured Products: Generators/Electrosurgical Units 40
5.3 Consumables 40
5.3.1 Overview 40
5.3.2 Featured Products: Consumables 41
5.4 Microwave Ablation 42
6 Application 43
6.1 Oncology 43
6.2 Cardiovascular 43
6.3 Orthopedic 44
6.4 Urology 44
6.5 Gynecology 44
6.6 Others 45
7 End-Users 45
7.1 Overview 45
7.2 Hospitals 46
7.3 Ambulatory Care 47
7.3.1 ASCs in the Americas 47 US 47 Canada 48 Mexico 48 Cuba 48
7.3.2 ASCs in the EMEA Region 48 UK 48 Germany 48 France 48 Israel 48 Africa 48
7.3.3 ASCs in the APAC Region 49 Australia 49 Japan 49 India 49 China 49
7.4 Physician’s Office 49
8 Regions: Market Size and Analysis 50
8.1 Overview 50
8.2 North America 53
8.2.1 Market Overview 53
8.3 Europe 55
8.3.1 Market Overview 55
8.4 APAC 56
8.4.1 Market Overview 57
8.5 Rest of the World 59
8.5.1 Market Overview 59
9 Competitive Landscape 61
9.1 Overview 62
10 Vendor Profiles 63
10.1 AngioDynamics, Inc. 64
10.1.1 Overview 64
10.1.2 Business Units 65
10.1.3 Geographic Presence 66
10.1.4 Business Focus 67
10.1.5 SWOT Analysis 67
10.1.6 Business Strategy 68
10.2 Johnson & Johnson (NeuWave Medical) 68
10.2.1 Overview 68
10.2.2 Business Units 72
10.2.3 Geographic Presence 73
10.2.4 Business Focus 74
10.2.5 SWOT Analysis 75
10.2.6 Business Strategy 75
10.3 Medtronic PLC 76
10.3.1 Overview 76
10.3.2 Business Units 78
10.3.3 Geographic Presence 79
10.3.4 Business Focus 80
10.3.5 SWOT Analysis 80
10.3.6 Business Strategy 81
10.4 MedWaves, Inc 82
10.4.1 Overview 82
10.4.2 Business Focus 82
10.4.3 SWOT Analysis 82
10.4.4 Business Strategy 83
10.5 Perseon 83
10.5.1 Overview 83
10.5.2 Business Focus 84
10.5.3 SWOT Analysis 84
10.5.4 Business Strategy 85
11 Companies to Watch For 85
11.1 Emblation Microwave. 85
11.1.1 Overview 85
11.1.2 Key Highlights 86
11.2 Miramar Labs. 86
11.2.1 Overview 86
11.2.2 Key Highlights 86
11.3 Urologix, LLC 87
11.3.1 Overview 87
11.4 Symple Surgical 87
Annexure 88
Abbreviations 88

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Medtronic, AngioDynamics, NeuWave Medical (now Johnson & Johnson), MedWaves, Perseon, and other predominate & niche players
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