India Tumor Ablation Market Size & Outlook, 2023-2030
India tumor ablation market, 2018-2030 (US$M)
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India tumor ablation market highlights
- The India tumor ablation market generated a revenue of USD 22.2 million in 2023 and is expected to reach USD 59.5 million by 2030.
- The India market is expected to grow at a CAGR of 15.1% 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 22.2 million |
| Market revenue in 2030 | USD 59.5 million |
| Growth rate | 15.1% (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, India accounted for 1.3% 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 Asia Pacific, Japan tumor ablation market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 230.3 million by 2030.
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Tumor Ablation Market Scope
Tumor Ablation Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 34.68% in 2023. Horizon Databook has segmented the India 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.
India is one of the fastest-growing markets for tumor ablation owing to the heavy burden of chronic diseases, including cancer, rising government initiatives to screen & diagnose cancer, and benefits of tumor ablation procedures.
The standardized incidence rate for every 100,000 individuals was 18, while the prevalence rate over 5 years, across all age groups, and was 42.82 per 100,000 individuals. According to the National Cancer Registry Programme, cervical cancers were the most frequent among women.
Cervical cancer contributed to 6% to 29% of all cancer cases in women in India. These factors are expected to drive the market growth. However, medium to high costs associated with tumor ablation surgery may limit market growth.
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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 India tumor ablation market , including forecasts for subscribers. This country databook contains high-level insights into India tumor ablation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India tumor ablation market size, by technology, 2018-2030 (US$M)
India Tumor Ablation Market Outlook Share, 2023 & 2030 (US$M)
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