The global cryoablation devices market is expected grow at a CAGR of 9% between 2023 to 2032. In medical terminology, the process of using extreme cold condition in order to destroy the unwanted cells or tissues in the human body is defined as cryoablation.
By three different mechanisms, the process of ablation takes place in the human body:
Due to extremely low temperatures, ice crystals are formed in the human cell that disrupts the cell membrane, altering the cellular metabolism and leading to cell death. Apoptosis, the process of programmed killing of the human cells is induced by process of cryoablation. Using hollow needles also known as cryoprobes the complete process of cryoablation is carried out.
For cryoablating the cells, cryoprobes are placed near or inserted in the tissue. From the cryoprobes cooled thermally conductive fluid is circulated that result in the cooling of the probes surface and ultimately cooling the surrounding tissue. The extremely low temperatures of the cryoprobes causes cryogenic freezing. There are multiple clinical applications of cryoablation, most commonly, ablation of solid tumors present in prostate, kidney, lungs, liver and breasts.
Cryoablation Devices Market Dynamics
Disease treatment in humans and animals
Important factor bolstering growth of cryoablation devices market is the rising incidences of benign and malignant tumors in humans and animals. Cryoablation devices have the ability to treat various diseases including cancers of the prostate and renal region. The availability of newer products with customized probes for cryoablation is also a propelling factor driving market growth.
New treatment applications
Cryoablation is currently being used for treating cardiac disorders such as cardiac arrhythmia. Medical research in cryoablation will discover new applications of this technology and generate more lucrative opportunities in this market.
Challenges in cryoablation device market
There is a shortage of skilled healthcare professionals and also lack of training to operate cryoablation systems globally. Also, there are apprehensions about its safety among the healthcare community. Therefore, the lack of awareness and skills could be restraining factors for market growth.
Cryoablation Devices Market Share Analysis, by Geography (2021)
The key players in global cryoablation devices market includes Galil Medical Inc, Medtronic and Cooper Surgical Inc.
Market Segmentation as below:
By Disease Indication Type
By End Use Type
By Geography
In medical terminology, the process of using extreme cold condition in order to destroy the unwanted cells or tissues in the human body is defined as cryoablation.
Important factor bolstering growth of cryoablation devices market is the rising incidences of benign and malignant tumors in humans and animals.
The global Cryoablation Devices market is estimated to exhibit a CAGR of 9% in terms of revenue over the forecast period.
Based on disease indication type, the Cryoablation Devices market is segmented into Lung Cancer, Breast Cancer, Renal Cancer, Prostate Cancer, Liver Cancer and Cardiac arrhythmia.
The end-use segments in Cryoablation Devices market are Hospitals, Ambulatory Surgical Centers and Specialty Clinics.
Copyright © 2024 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved