South Africa Thyroid Ablation Devices Market Size & Outlook
South Africa thyroid ablation devices market, 2018-2030 (US$M)
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South Africa thyroid ablation devices market highlights
- The South Africa thyroid ablation devices market generated a revenue of USD 2.8 million in 2023 and is expected to reach USD 5.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, radiofrequency ablation was the largest revenue generating type in 2023.
- Radiofrequency 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 2.8 million |
| Market revenue in 2030 | USD 5.2 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Radiofrequency ablation |
| Fastest growing segment | Radiofrequency 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, South Africa accounted for 1.7% 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 Middle East & Africa, South Africa thyroid ablation devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa 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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South Africa 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 South Africa 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 data published by the Cancer Association of South Africa (CANSA), approximately 50% of people above age 40 years have a thyroid nodule, and most of the cases are benign. Malignant thyroid nodules account for 7% to 15% of all cases.
Thyroid cancer is usually treatable, even at the advanced stage. Effective surgery and treatments could provide a full recovery. Thus, increasing demand for minimally invasive procedures would further drive the country’s market growth.
In 2020, an estimated 1,305 cases of thyroid cancer were reported in South Africa, with around 146 related deaths. The regulatory body in South Africa is the South Africa Health Products Regulatory Authority (SAHPRA).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa thyroid ablation devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa thyroid ablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa thyroid ablation devices market size, by type, 2018-2030 (US$M)
South Africa Thyroid Ablation Devices Market Outlook Share, 2023 & 2030 (US$M)
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