Canada Tumor Ablation Market Size & Outlook, 2023-2030
Canada tumor ablation market, 2018-2030 (US$M)
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Canada tumor ablation market highlights
- The Canada tumor ablation market generated a revenue of USD 170.3 million in 2023 and is expected to reach USD 420.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 13.8% from 2024 to 2030.
- In terms of segment, radiofrequency ablation was the largest revenue generating technology in 2023.
- Other Ablation Technologies is the most lucrative technology segment registering the fastest growth during the forecast period.
Tumor ablation market data book summary
| Market revenue in 2023 | USD 170.3 million |
| Market revenue in 2030 | USD 420.4 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Radiofrequency ablation |
| Fastest growing segment | Other Ablation Technologies |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiofrequency Ablation, Microwave Ablation, Cryoablation, Irreversible Electroporation, Other Ablation Technologies |
| Key market players worldwide | Medtronic PLC, Boston Scientific Corp, Johnson & Johnson, AngioDynamics Inc, Bioventus Inc Class A, Edap TMS SA ADR, Mermaid Medical, Chongqing Haifu Technology, HealthTronics, H.S. Hospital Service |
Other key industry trends
- In terms of revenue, Canada accounted for 10.2% of the global tumor ablation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. tumor ablation market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 420.4 million by 2030.
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Tumor Ablation Market Scope
Tumor Ablation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada tumor ablation 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 tumor ablation market will help companies and investors design strategic landscapes.
Radiofrequency ablation was the largest segment with a revenue share of 34.7% in 2023. Horizon Databook has segmented the Canada tumor ablation market based on radiofrequency ablation, microwave ablation, cryoablation, irreversible electroporation, other ablation technologies covering the revenue growth of each sub-segment from 2018 to 2030.
Canada’s tumor ablation market is anticipated to grow over the forecast period. The prevalence of cancer is increasing in Canada. Moreover, government bodies like the Canadian Partnership Against Cancer are an integral part of its health system.
According to the Canadian Cancer Society, about 115,800 Canadian men and around 110,000 Canadian women were expected to be diagnosed in Canada in 2020. The increasing cancer prevalence is anticipated to fuel the market.
The Public Health Agency of Canada also partners with Canadian Cancer Society and Canadian Institutes of Health Research to conduct cancer research. Such supportive initiatives are anticipated to boost the market.
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Our clientele includes a mix of tumor ablation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada tumor ablation market , including forecasts for subscribers. This country databook contains high-level insights into Canada tumor ablation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada tumor ablation market size, by technology, 2018-2030 (US$M)
Canada Tumor Ablation Market Outlook Share, 2023 & 2030 (US$M)
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