North America Tumor Ablation Market Size & Outlook
North America tumor ablation market, 2018-2030 (US$M)
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North America tumor ablation market highlights
- The North America tumor ablation market generated a revenue of USD 562.0 million in 2023.
- The market is expected to grow at a CAGR of 12.8% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 562.0 million |
| Market revenue in 2030 | USD 1,306.8 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Radiofrequency ablation |
| Fastest growing segment | Other Ablation Technologies |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 33.6% of the global tumor ablation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,085.2 million by 2030.
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Tumor Ablation Market Scope
Tumor Ablation Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 34.75% in 2023. Horizon Databook has segmented the North America 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.
North America dominated the tumor ablation market in 2022 and the trend is expected to continue during the forecast period. Major factors contributing to its growth are government support for quality healthcare, high purchasing power, availability of reimbursement, and growing cancer cases in the U.S. as well as Canada.
For instance, in the U.S., the Patient Protection and Affordable Care Act (PPACA), also known as Obama Care, promotes quality & affordability of health insurance and reduces the cost of healthcare for individuals & government.
In addition, precision medicine initiatives are helping in formulating tailored strategies to target unique characteristics of diseases. Such government initiatives are helping improve the overall healthcare system, which is expected to boost the tumor ablation procedures market.
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Target buyers of North America tumor ablation market databook
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Our clientele includes a mix of tumor ablation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 continent-level data and insights on the North America tumor ablation market , including forecasts for subscribers. This continent databook contains high-level insights into North America tumor ablation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America tumor ablation market size, by country, 2018-2030 (US$M)
North America Tumor Ablation Market Outlook Share, 2023 & 2030 (US$M)
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