Ablation Antenna Unit Market By Type (15 CM, 20 CM, 30 CM, Others) , By Application (Cardiovascular, Oncology, Others) By End User (Hospitals, Research Laboratories, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Ablation Antenna Unit Market
The ablation antenna unit market was valued at $0.3 billion in 2023 and is estimated to reach $0.5 billion by 2033, exhibiting a CAGR of 4.6% from 2024 to 2033.
An ablation antenna unit is a medical equipment that transmits controlled thermal energy for tissue ablation in interventional radiology and oncology procedures. The instrument contains an antenna at its tip, resembling a catheter that emits radiofrequency or microwave energy. This energy produces heat used to destroy the target tissues, such as tumors, through coagulative necrosis. For precise placement, the antenna unit is directed using imaging techniques such as ultrasound or CT. Use of ablation antenna unit is a minimally invasive approach that enables localized treatment, offering patients a quick recovery option for certain conditions.
Rise in the global prevalence of chronic diseases such as cancer is a key driver of the ablation antenna unit market. Moreover, there is an increase in inclination toward minimally invasive procedures for treatments, hence boosting the demand for ablation antenna unit. The device further finds applicability in the treatment for non-cancerous conditions, including chronic pain management, cardiac arrhythmias, and benign prostatic hyperplasia. Treatments through multi modal ablation is a current trend in which ablation units support radiofrequency and microwave radiation. Such units offer healthcare providers the flexibility to tailor the energy modality according to the patient’s condition and treatment goals.
However, the high cost of procuring the equipment, coupled with the complexities associated with the training procedure restrain the ablation antenna unit market. On the contrary, the ablation units are becoming a prominent choice for the management of atrial fibrillation (AF). This indicates a promising future for the market as the cases for the condition are projected to surge in the future. As per an article published by the American Heart Association, Inc., by 2030, the prevalence of AF is anticipated to reach 12.1 million and new diagnoses are expected to rise to 2.6 million.
Segment ReviewThe ablation antenna unit market is segmented into type, application, end user, and region. On the basis of type, the market is classified into 15 cm, 20 cm, 30 cm, and others. By application, it is divided into cardiovascular, oncology, and others. According to end user, it is categorized into hospitals, research laboratories, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the 15 cm segment plays a significant role in ablation antenna unit market.
By application, the oncology segment acquires a high share of the market.
According to end user, the hospitals segment was the highest shareholder in 2023.
Region wise, North America is projected to be the highest revenue generator by 2033.
Competition AnalysisThe major players operating in the ablation antenna unit market include Medtronic, AngioDynamics, Terumo Corporation, Canyon Medical Inc., GE Healthcare, Mermaid Medical, Varian Medical Systems, Inc., ECO Medical, MedWaves Inc., and ATRICURE, INC. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.
Key Market SegmentsBy Type15 CM
20 CM
30 CM
Others
By ApplicationCardiovascular
Oncology
Others
By End UserHospitals
Research Laboratories
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Medtronic
AngioDynamics
Terumo Corporation
Canyon Medical Inc.
GE Healthcare
Mermaid Medical
Varian Medical Systems, Inc.
ECO Medical
MedWaves Inc.
AtriCure, Inc.