India Thyroid Ablation Devices Market Size & Outlook
India thyroid ablation devices market, 2018-2030 (US$M)
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India thyroid ablation devices market highlights
- The India thyroid ablation devices market generated a revenue of USD 5.0 million in 2023 and is expected to reach USD 10.1 million by 2030.
- The India market is expected to grow at a CAGR of 10.6% 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 5.0 million |
| Market revenue in 2030 | USD 10.1 million |
| Growth rate | 10.6% (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, India accounted for 3.0% 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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India 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 India thyroid ablation devices market based on radiofrequency ablation, microwave ablation covering the revenue growth of each sub-segment from 2018 to 2030.
Thyroid cancer cases are on the rise in the country and the increase in incidence among women in the age group under 30 years is the highest, followed by the age group 30 to 44 years, 45 59 years, 60 to 74 years, and above 75 years.
Moreover, the age group under 45 years witnessed a significant increase in the incidence of thyroid cancer. Overdiagnosis could be one of the causes of the country’s alarming increase in incidence. Several hospitals in the country are adopting RFA devices for the treatment of thyroid nodules.
In March 2023, an article published in The Hindu Times stated that the MIOT International Hospital, Chennai, successfully treated a patient with a thyroid nodule through a pinhole approach, using RFA devices.
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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 India thyroid ablation devices market , including forecasts for subscribers. This country databook contains high-level insights into India thyroid ablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India thyroid ablation devices market size, by type, 2018-2030 (US$M)
India Thyroid Ablation Devices Market Outlook Share, 2023 & 2030 (US$M)
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