Spain Tumor Ablation Market Size & Outlook, 2023-2030
Spain tumor ablation market, 2018-2030 (US$M)
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Spain tumor ablation market highlights
- The Spain tumor ablation market generated a revenue of USD 27.3 million in 2023 and is expected to reach USD 60.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 11.9% 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 27.3 million |
| Market revenue in 2030 | USD 60.0 million |
| Growth rate | 11.9% (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, Spain accounted for 1.6% 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 Europe, Germany tumor ablation market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 65.6 million by 2030.
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Tumor Ablation Market Scope
Tumor Ablation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain 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 34.43% in 2023. Horizon Databook has segmented the Spain 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.
Spain has a favorable healthcare system that encourages several players to enter the country, propelling market growth. According to WHO, compared to other OECD European countries, the Spanish healthcare system is more advanced and promotes the adoption of innovative technologies among practitioners. These factors are expected to increase the adoption of tumor ablation devices in the country.
Small- and mid-sized companies account for 90% of the Spanish medical devices manufacturing industry, but a few large companies control the majority of the domestic market. The lower cost of treatment is expected to continue to drive increased interest in minimally invasive technologies, including ultrasound devices. Furthermore, Spain is one of the most developed countries in Europe.
It has robust medical facilities to cater to its citizens. Although citizens of Spain are covered under healthcare insurance, it may fall short in certain situations, and public funds may be used to meet the requirements. Spain has a population of 47.5 million due to its strategic location in Southeastern Europe. It serves as an import-export hub. The country imports high-end technology-based medical devices & equipment from the U.S. and re-exports them to other parts of Europe.
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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 country-level data and insights on the Spain tumor ablation market , including forecasts for subscribers. This country databook contains high-level insights into Spain tumor ablation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain tumor ablation market size, by technology, 2018-2030 (US$M)
Spain Tumor Ablation Market Outlook Share, 2023 & 2030 (US$M)
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