South Africa Tumor Ablation Market Size & Outlook
South Africa tumor ablation market, 2018-2030 (US$M)
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South Africa tumor ablation market highlights
- The South Africa tumor ablation market generated a revenue of USD 40.0 million in 2023 and is expected to reach USD 99.0 million by 2030.
- The South Africa 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 40.0 million |
| Market revenue in 2030 | USD 99.0 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, South Africa accounted for 2.4% 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 Middle East & Africa, South Africa tumor ablation market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Middle East & Africa and is projected to reach USD 39.1 million by 2030.
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Tumor Ablation Market Scope
Tumor Ablation Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 South Africa 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.
Factors such as rising healthcare spending, growing prevalence of cancer, and increasing number of minimally invasive surgeries are expected to drive market growth in South Africa during the forecast period. Furthermore, the government in the country has been adopting measures to improve the state of healthcare facilities.
There are more than 200 private hospitals and over 400 public hospitals in the country. About 40% of the total healthcare expenditure is carried out by the government. Due to this, the private sector is under pressure to provide appropriate services to most citizens. This is expected to drive the market in the near future.
The funding for cancer treatment provided by the state is unable to cover treatments and therapies, thereby increasing the financial strain on patients. The poor state of cancer care in this country may impede market growth to a certain extent.
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Our clientele includes a mix of tumor ablation 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 South Africa tumor ablation market , including forecasts for subscribers. This country databook contains high-level insights into South Africa tumor ablation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa tumor ablation market size, by technology, 2018-2030 (US$M)
South Africa Tumor Ablation Market Outlook Share, 2023 & 2030 (US$M)
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