China Thyroid Ablation Devices Market Size & Outlook
China thyroid ablation devices market, 2018-2030 (US$M)
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China thyroid ablation devices market highlights
- The China thyroid ablation devices market generated a revenue of USD 7.2 million in 2023 and is expected to reach USD 14.7 million by 2030.
- The China market is expected to grow at a CAGR of 10.7% 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 7.2 million |
| Market revenue in 2030 | USD 14.7 million |
| Growth rate | 10.7% (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, China accounted for 4.3% 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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China 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 China thyroid ablation devices market based on radiofrequency ablation, microwave ablation covering the revenue growth of each sub-segment from 2018 to 2030.
The growing prevalence of thyroid cancer continues to drive the country’s growth of innovative treatment solutions, such as RFA. Companies such as Starmed Health Care Private Limited play an important role in bringing advanced RFA products to more than 50 markets globally.
Moreover, the company has a strong presence in Asia, particularly in China, South Korea, and Japan. Thus, the introduction of innovative techniques by market players is likely to further boost the adoption of thyroid ablation devices in the country.
In China, RFA typically costs around 2,400 USD (approximately RMB 16,000), whereas microwave ablation costs around 2,100 USD (approximately RMB 14,000). The Department of Thyroid Surgery is the largest treatment and diagnostic center for thyroid surgical diseases in the country.
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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 China thyroid ablation devices market , including forecasts for subscribers. This country databook contains high-level insights into China thyroid ablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China thyroid ablation devices market size, by type, 2018-2030 (US$M)
China Thyroid Ablation Devices Market Outlook Share, 2023 & 2030 (US$M)
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