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Global Cryoablation  Devices Market 2017-2021

Global Cryoablation  Devices Market 2017-2021

About Cryoablation Devices

Cryoablation is a process that uses extreme cold to destroy diseased tissue. It employs a cryogenic material, such as liquid nitrogen, to freeze cancer cells. It is considered as an effective treatment modality for prostate cancer (transrectal ultrasound is used to guide hollow probes/needles that are inserted through the anus to the prostate) and is also used for the treatment of other cancers of the bone, cervix, lungs, and liver.

Technavio’s analysts forecast the global cryoablation devices market to grow at a CAGR of 6.10% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global cryoablation devices market for 2017-2021. To calculate the market size, the report considers revenue generated from the sales, volume, and value of cryoablation devices.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cryoablation Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Medtronic
  • Galil Medical
  • CooperSurgical
Other prominent vendors
  • ACS Myanmar Medical
  • AtriCure
  • BVM Medical
  • CPSI Biotech
  • ForTec Medical
  • HealthTronics
  • IRANBEHDASHT
  • ICECURE MEDICAL
  • METRUM CRYOFLEX
  • RA Distribution
  • Solution Medical
Market driver
  • Safe and effective treatment for AVNRT patients
  • For a full, detailed list, view our report
Market challenge
  • High cost of cryoablation devices and procedures
  • For a full, detailed list, view our report
Market trend
  • Paradigm shift toward minimally invasive procedures
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Cryoablation Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global cryoablation devices market: Medtronic, Galil Medical, and CooperSurgical.

Other Prominent Vendors in the market are: ACS Myanmar Medical, AtriCure, BVM Medical, CPSI Biotech, ForTec Medical, HealthTronics, IRANBEHDASHT, ICECURE MEDICAL, METRUM CRYOFLEX, RA Distribution, and Solution Medical.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is paradigm shift toward minimally invasive procedures. Cryoablation is considered as one of the effective and minimally invasive procedures, which uses frigid temperatures to kill cancer cells while preserving the surrounding tissues. According to reports published by Galil Medical, doctors all over the world have been using cryoablation to treat different types of cancer.”

According to the report, one driver in the market is safe and effective treatment for AVNRT patients. AVNRT is the second most common form of paroxysmal recurrent tachycardia in children. RA ablation has become the first-line therapy for AVNRT, with high success and low recurrence rates. However, a definite risk of damage to the atrioventricular (AV) node still exists. Cryoablation procedure provides a distinct advantage adjacent to the AV node for para-Hisian pathways and difficult cases of AVNRT, which cannot be performed by conventional RA ablation.

Further, the report states that one challenge in the market is high cost of cryoablation devices and procedures. The cost of cryosurgeries involving cryoablation devices is more than that of the RF procedures. AF ablation requires the use of expensive technology and equipment. Physicians have considerable latitude in equipment choice. The average Medicare reimbursement is $10,338 for uncomplicated AF ablations. The treatment of cardiac arrhythmia can be resolved either by the RF ablation or by the cryoablation procedure.

Companies Mentioned

Medtronic, Galil Medical, CooperSurgical, ACS Myanmar Medical, AtriCure, BVM Medical, CPSI Biotech, ForTec Medical, HealthTronics, IRANBEHDASHT, ICECURE MEDICAL, METRUM CRYOFLEX, RA Distribution, and Solution Medical

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Market flow of global cryoablation devices in 2016
  • Market landscape
    • Market overview
      • Table Overview of global cryoablation devices market 2016
    • Market size and forecast
      • Table Global cryoablation devices market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global cryoablation devices market by product
    • Cryoablation systems
      • Table Global cryoablation systems: Market overview
      • Table Global cryoablation systems market 2016-2021 ($ millions)
    • Catheters and accessories
      • Table Global cryoablation catheters and accessories: Market overview
      • Table Global cryoablation catheters and accessories market 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market overview
      • Table Global cryoablation devices market by end-users 2016
      • Table Strategic analysis of global cryoablation devices market by end-users 2016
    • Hospitals and specialty clinics
    • ASCs
      • Table Buying criteria analysis: Global cryoablation devices market 2016
  • Geographical segmentation
    • Market overview
      • Table Global cryoablation devices market by geographical segmentation 2016 ($ millions)
    • Cryoablation devices market in Americas
      • Table Cryoablation devices market in Americas 2016-2021 ($ millions)
    • Cryoablation devices market in EMEA
      • Table Cryoablation devices market in EMEA 2016-2021 ($ millions)
    • Cryoablation devices market in APAC
      • Table Cryoablation devices market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Cost comparison of AF treatment by RF ablation and cryoablation procedures
      • Table Product recalls due to regulatory aspects
  • Market trends
    • Market growth through M&A
    • Paradigm shift toward minimally invasive procedures
    • Developing countries to emerge as growth engines for cryoablation devices market
      • Table Percentage of cancer deaths among men and women in OECD member countries 2013
  • Vendor landscape
    • Competitive landscape
      • Table Competitive structure analysis of global cryoablation devices market 2016
      • Table Market penetration of vendors in global cryoablation devices market 2016
      • Table Strategic success factors of companies in global cryoablation devices market 2016
  • Key vendor analysis
    • Medtronic
      • Table Medtronic: Key highlights
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
    • Galil Medical
      • Table Galil Medical: Key highlights
      • Table Galil Medical: Strength assessment
      • Table Galil Medical: Strategy assessment
      • Table Galil Medical: Opportunity assessment
    • CooperSurgical
      • Table CooperSurgical: Key highlights
      • Table CooperSurgical: Strength assessment
      • Table CooperSurgical: Strategy assessment
      • Table CooperSurgical: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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