Transparency Market Research has published a new research report that discusses the recent developments in the global ablation technologies market. According to the research report, titled “Ablation Technologies Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020”, the market is set to grow at a remarkable pace in the near future. This research report offers an in-depth evaluation of the market along with a SWOT and a Porter’s five forces analysis. The research report also studies the global ablation technologies market’s political, economic, social, technological, legal, and environmental aspects to chart its trajectory.
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The global ablation technologies market is segmented on the basis of technology, application, and geography. The technologies used in this market are cryotherapy, radiofrequency (RF), light or laser, ultrasound or high intensity focused ultrasound (HIFU), electrical, microwave, and others. The applications of these technologies are seen in areas such as oncology, gynecology, cardiovascular, pain management, urology, ophthalmology, and others. Geographically, this market is divided into North America, Europe, Asia Pacific, and Rest of the World.
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According to the research report published by Transparency Market Research, the radiofrequency-based ablation technology segment is expected to lead the global ablation technologies market in terms of revenue. This segment is expected to reach a valuation of US$4.2 bn by 2020. Furthermore, the oncology segment is expected to experience a robust CAGR of 13.10% from 2014 to 2020. The ongoing technological advancements in ablation devices have given the world a wide range of products that have assured safety and efficacy for the consumers. This has led to steady growth of the market in recent years.