Australia Thyroid Ablation Devices Market Size & Outlook
Australia thyroid ablation devices market, 2018-2030 (US$M)
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Australia thyroid ablation devices market highlights
- The Australia thyroid ablation devices market generated a revenue of USD 2.4 million in 2023 and is expected to reach USD 5.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, radiofrequency ablation was the largest revenue generating type in 2023.
- Microwave Ablation is the most lucrative type segment registering the fastest growth during the forecast period.
Thyroid ablation devices market data book summary
| Market revenue in 2023 | USD 2.4 million |
| Market revenue in 2030 | USD 5.2 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Radiofrequency ablation |
| Fastest growing segment | Microwave Ablation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiofrequency Ablation, Microwave Ablation |
| Key market players worldwide | Boston Scientific Corp, BVM Medical, Integra Lifesciences Holdings Corp, Johnson & Johnson, Medtronic PLC, Olympus Corp, Terumo Corp, Theraclion, Medwave, StarMed |
Other key industry trends
- In terms of revenue, Australia accounted for 1.4% of the global thyroid ablation devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China thyroid ablation devices market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 5.2 million by 2030.
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Thyroid Ablation Devices Market Scope
Thyroid Ablation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia thyroid ablation devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thyroid ablation devices market will help companies and investors design strategic landscapes.
Radiofrequency ablation was the largest segment with a revenue share of 50% in 2023. Horizon Databook has segmented the Australia thyroid ablation devices market based on radiofrequency ablation, microwave ablation covering the revenue growth of each sub-segment from 2018 to 2030.
According to the statistics published by Cancer Australia, in 2018, there were 3,399 new cases of thyroid cancer registered in Australia. Similarly, in 2022, an estimated 3,981 cases were expected to be registered in the country, accounting for approximately 2.5% of all cancers in the country.
Thus, continuous rise in cancer cases in the country may boost the adoption of thyroid ablation devices. The Therapeutic Goods Administration (TGA) is responsible for regulation of medical devices in Australia.
The TGA regulates devices based on amount of risk they possess. Any manufacturer who wants to place their products in Australian market needs to follow guidelines set by TGA and must apply to TGA to include their device in Australian Register of Therapeutic Goods (ARTG).
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Our clientele includes a mix of thyroid ablation devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia thyroid ablation devices market , including forecasts for subscribers. This country databook contains high-level insights into Australia thyroid ablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia thyroid ablation devices market size, by type, 2018-2030 (US$M)
Australia Thyroid Ablation Devices Market Outlook Share, 2023 & 2030 (US$M)
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