Microwave Ablation Market: Current Analysis and Forecast (2022-2028)


Emphasis on Component Type (Generator, Power Distribution Systems, and Accessories); Application (Oncology, Cardiology, Urology, Orthopedics, and Others); End Use (Hospitals, Research Laboratories, and Ambulatory Surgical Centers); and Region/Country







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Report Description
Table of content
Research Methodology

Report Description

Microwave Ablation Market
Microwave Ablation Market

Global Microwave Ablation Market is expected to grow at a significant rate of around 9.8% during the forecast period 2022-2028. Microwave ablation utilizes the most technically advanced devices that give short ablation time, higher temperature for ablation, and large ablation zones. These devices are being used in the management of endometrial bleeding, uterine myomas, atrial fibrillation, and cancerous tumors within the liver, kidneys, pancreas, lungs, and breast. The surge in the elderly population is one of the key factors boosting the market’s growth during the forecast period. Other factors such as changing lifestyle and huge demand for minimal invasive surgeries are also driving the growth of the market. In addition to this, the investments for catheter-based microwave systems is one of the key factors that are creating opportunities for the market.

Emblation Ltd.; Medtronic PLC; Symple Surgical; AngioDynamics; Mermaid Medical; Johnson & Johnson Services Inc.; MedWaves Inc; Terumo Corporation; Neu Wave Medical; and Varian Medical Systems, Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst component type, generators category to witness higher CAGR during the forecast period”

Based on component type, the market is segmented into generator, power distribution systems, and accessories. The power distribution systems is expected to grow with high CAGR during the forecast period as these are responsible for delivering power to the antennae. Since the device is used close to the patient, it must adhere to the highest safety standards in human medicine. Furthermore, key players are coming up with technological advancements and have produced AMICA Microwave and RF System Gen by Mermaid Medical. That is a programmable microwave (MW, 2450 MHz) and radiofrequency (RF, 450 kHz) generator. AMICA is the only system in the world that combines radiofrequency (RFA) and microwave (MWA), the two primary thermal ablation technologies, in the same hardware.

“Amongst application, the oncology to hold a significant share in the market in 2020”

On the basis of application, the market is categorized into oncology, cardiology, urology, orthopedics, and others. The oncology segment is expected to hold significant share in the market in 2020 owing to surge in the incidences of cancer and increasing demand for minimally invasive surgeries. Apart from this, governments have been raising investments in oncology-related research and development. For instance, the National Cancer Institute’s budget was approved by the American Congress as part of the annual federal budgeting process in 2022. The total amount was USD 6.9 billion, an increase of USD 353 million from 2021. The market is expected to rise because of companies making more investments in cancer research.

“Amongst end use, research laboratories category to witness higher CAGR during the forecast period”

Based on end use, the market is segmented into hospitals, research laboratories, and ambulatory surgical centers. The research laboratories segment is expected to expand at high CAGR during the forecast period due to expanding clinical research on cancer and ablation therapies. For instance, Ethicon Inc. (a subsidiary of Johnson and Johnson) initiated a research study in December 2021 to evaluate the efficacy and security of the new wave-certus microwave ablation system in Chinese patients with primary or secondary lung cancers. It is anticipated that the study will be completed by December 2024.

“North America to hold a significant share in the market”

In 2020, North America held a significant share of the global microwave ablation market. Several factors such as wide range of applications of microwave ablation technology in primary care settings, enhanced accessibility, and high healthcare costs with favorable reimbursement policies are driving the market’s growth during the forecast period. Further, the increase in incidences of chronic diseases in the region is also having aa positive impact on the market’s growth.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

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1.1.Market Definitions
1.2.Main Objective
2.1.Research Process of the Microwave Ablation Market
2.2.Research Methodology of the Microwave Ablation Market
2.3.Respondent Profile 
7.2.Power Distribution System
9.2.Research Laboratories
9.3.Ambulatory Surgical Centers
10.1North America  
 11.1.3.Rest of North America
 11.2.6.Rest of Europe
 11.3.4.Rest of Asia-Pacific
10.4.Rest of World 
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
14.4.Demand Side Analysis
14.2.Supply Side Analysis
16.1.Competitive Landscape
 16.1.1.Porters Fiver Forces Analysis
17.1.Emblation Ltd.
17.2.Medtronic PLC
17.3.Symple Surgical
17.5.Mermaid Medical
17.6.Johnson & Johnson Services Inc.
17.7.MedWaves Inc
17.8.Terumo Corporation
17.9.Neu Wave Medical
17.10.Varian Medical Systems, Inc.

Research Methodology

Research Methodology for the Microwave Ablation Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global microwave ablation market were the three major steps undertaken to create and analyze the adoption of microwave ablations in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global microwave ablation market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the microwave ablation market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the microwave ablation market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component type, application, and end use. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the microwave ablation market. Further, we conducted factor analysis using dependent and independent variables such as various component type, application, and end use of microwave ablation. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the microwave ablation market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global microwave ablation market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the microwave ablation market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global microwave ablation market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Microwave Ablation Market
Microwave Ablation Market

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global microwave ablation market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas component type, application, and end use in the global microwave ablation market.

The main objective of the Global Microwave Ablation Market Study

The current & future market trends of the global microwave ablation market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the microwave ablation market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product type, application, disease, and distribution channel
  • Define and analysis of the regulatory framework for the microwave ablation industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the microwave ablation market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
  • Company profiles of the microwave ablation market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?