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Endometrial Ablation Market Witness Growth 7.2% by 2030
According to the Vision Research Reports, The Endometrial Ablation market revenue share is set to grow at a yearly rate of 7.2% during 2021-2030, while its valuation is Projected to jump from $ 4.2 Bn in 2020 to $10.4 Bn in 2030.
Growth Factors
Endometrial ablation is a highly efficient procedure that helps in removing or destroying the uterine endometrial lining in women who experience heavy menstrual bleeding using specific devices. The growing prevalence of gynecological disorders and growing public awareness about endometrial ablation are key contributing factors expected to propel the product demand. According to the International Federation of Gynecology and Obstetrics (FIGO), globally, the prevalence of Abnormal Uterine Bleeding (AUB) among reproductive-aged women is estimated to be between 3 to 30%
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For women suffering from painful, heavy periods, endometrial ablation for endometriosis offers an alternative to chronic medication and hysterectomy treatments. Improved features and a higher demand for these procedures and devices due to the advantages over surgical methods, such as minimally invasive nature, low-risk profile, and easy operation, will support market growth.
Report Highlights
The devices segment led the market in 2020 with a revenue share of more than 80%. Based on type, the market is segmented into devices and procedures. Endometrial ablation is a procedure for reducing severe menstrual bleeding by destroying the endometrium, a thin layer of tissue that lines the uterus. The number of women suffering from menorrhagia is on the rise, which is fueling the segment's growth.
radiofrequency ablation dominated the devices segment with a revenue share of 36.3% and is further expected to continue its dominance during the forecast period. The growth is driven by the product’s convenience, speed of treatment, efficacy, and cost-efficiency compared to other ablation devices.
The hospital segment held the largest revenue share of over 65% in 2020. This is attributed to an increase in the number of patients being hospitalized for gynecological disorders, as hospitals provide excellent care as well as reimbursements. Also, hospitals possess advanced treatment devices, which contributes to the expansion of this segment.
The Ambulatory Surgery Center (ASC) is expected to exhibit the fastest growth rate during the forecast period, as a result of an increase in the number of ASCs. These healthcare settings offer more cost-effective services and a much more convenient environment, personalized treatment.
North America dominated the market and accounted for the largest revenue share of 43.6% in 2020. Rising cases of gynecological disorders, improvement in healthcare infrastructure, and a strong foundation of top industry players to deliver cutting-edge endometrial ablation devices are expected to drive market growth in the region.
Key Players
- Medtronic
- CooperSurgical Inc.
- Boston Scientific Corp.
- Ethicon, Inc. (Johnson & Johnson)
- Olympus Corp.
- Richard Wolf GmbH
- AngioDynamics
- Hologic, Inc.
- Minerva Surgical, Inc.
Report Coverage | Details |
Market Size | US$ 10.4 billion by 2030 |
Growth Rate | CAGR of 7.2% From 2021 to 2030 |
Base Year | 2020 |
Historic Data | 2017 to 2020 |
Forecast Period | 2021 to 2030 |
Segments Covered | Type, End-use |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | Medtronic; CooperSurgical Inc.; Boston Scientific Corp.; Ethicon, Inc. (Johnson & Johnson); Olympus Corp.; Richard Wolf GmbH; AngioDynamics; Hologic, Inc.; Minerva Surgical, Inc. |
Market Segmentation
- Type
- Devices
- Cryoablation
- Radiofrequency Ablation
- Hydrothermal Ablation
- Thermal Balloon
- Microwave Energy
- Procedures
- Devices
- End-use
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- Regional
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Norway
- Sweden
- Russia
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Middle East and Africa
- Saudi Arabia
- Turkey
- UAE
- Qatar
- South Africa
- North America
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The Endometrial Ablation market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Endometrial Ablation market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Endometrial Ablation market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Endometrial Ablation market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Endometrial Ablation market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Endometrial Ablation capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Endometrial Ablation by regions (countries) and application.
In this study, the years considered to estimate the market size of Endometrial Ablation are as follows:
- History Year: 2017-2020
- Base Year: 2021
- Forecast Year 2021 to 2030
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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Ämnen
- Förvärv, fusioner
Kategorier
- endometrial ablation market, endometrial ablation market size