Microwave Ablation Market: Current Analysis and Forecast (2023-2030)

The microwave ablation market was valued at USD 1270.22 million and is expected to grow at a strong CAGR of around 9.2% during the forecast period (2023-2030). Microwave ablation is a minimally invasive procedure that can be performed using image-guided techniques, such as ultrasound or CT scan. This approach reduces the need for open surgery, resulting in shorter hospital stays, faster recovery times, and reduced healthcare costs. The growing preference for minimally invasive procedures among patients and healthcare professionals is expected to drive the demand for microwave ablation. The minimally invasive nature of microwave ablation offers following advantages:

1. Reduced trauma and scarring: Since microwave ablation does not require large incisions or open surgery, it minimizes trauma to surrounding healthy tissues. This results in smaller scars and less post-procedure pain.


2. Shorter hospital stays: Patients undergoing microwave ablation often experience shorter hospital stays compared to traditional open surgery. This allows for a faster recovery and a quicker return to daily activities.


3. Faster recovery time: The minimally invasive nature of microwave ablation generally leads to faster recovery times. Patients may experience less pain, reduced risk of complications, and a quicker return to their normal routines.


4. Lower risk of infection: With smaller incisions or needle insertions, the risk of infection is generally lower compared to open surgery. This is because there is less exposure of the internal tissues to external contaminants. asing government funding. Deteriorating health coupled with the rising cost of medical treatments is one of the major reasons for concern across the globe which is leading to an increase in demand for effective cancer therapeutics. Owing to this and increasing research focus on cancer treatments among researchers, many governments across the globe are taking various initiatives and have expedited their product approval process. In addition to this, many government and private organizations globally are providing funding opportunities to different cancer institutes and centers for the advancement of research across the cancer control spectrum in prevention, screening, diagnosis, treatment, rehabilitation, survivorship, and palliative care. For instance, The Canadian Cancer Society is presently providing funding and support to three center-based research initiatives that include, the Canadian Centre for Applied Research in Cancer Control (ARCC), the Canadian Cancer Trials Group (CCTG), and Propel Centre for Population Health Impact

Some of the major players operating in the F. Hoffmann-La Roche Ltd; Pfizer Inc.; AstraZeneca; MacroGenics, Inc.; Puma Biotechnology, Inc.; Amgen Inc.; Biocon;  Seagen Inc.; Viatris Inc.; and GSK plc. 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, the generators segment to grow with high CAGR during the forecast period”

Based on the component, the market is segmented into generator, power distribution system, and accessories. The generator segment is anticipated to grow with significant CAGR during the forecast period. In the microwave ablation market, the generator segment encompasses a range of devices designed to generate and control the microwave energy output. These generators are equipped with advanced technology to ensure precise and controlled energy delivery, optimizing the treatment outcomes. The rising incidence of cancer worldwide is a significant driver for the generator segment in the microwave ablation market. Microwave ablation is commonly used for the treatment of liver, lung, kidney, and bone tumors. As the global burden of cancer continues to grow, the demand for effective and minimally invasive treatment options like microwave ablation increases, thereby driving the demand for generators.

“Amongst treatment, the lung cancer category to grow with high CAGR during the forecast period”

By application, the market is categorized into lung cancer, liver cancer, pancreatic cancer, kidney cancer, bone cancer, and others. The lung cancer segment is anticipated to grow with high CAGR during the forecast period. Lung cancer is a significant health concern worldwide, and the development of effective treatment options is crucial. Microwave ablation (MWA) has emerged as a promising technique for the treatment of lung cancer, offering a minimally invasive approach with potentially favorable outcomes. Several factors contribute to the growth and demand for microwave ablation (MWA) in the lung cancer segment. Firstly, MWA offers an alternative for patients who are not suitable candidates for surgery or other invasive procedures. Furthermore, MWA has shown promising results in treating both primary and metastatic lung tumors. It can be used as a standalone treatment or in combination with other therapies, such as chemotherapy or radiation therapy, to enhance treatment outcomes. The ability of MWA to effectively target tumors of varying sizes and locations within the lungs further adds to its appeal in the lung cancer segment.

“Amongst application, the hospitals category to held significant share of the market in 2022”

Based on end use, the market is segmented into hospitals, research laboratories, and ambulatory surgical centers. The hospitals held a significant share of the market in 2022. Hospitals serve as primary healthcare institutions where cancer patients receive diagnosis, treatment, and ongoing care. They play a pivotal role in the management of cancer by providing state-of-the-art medical facilities, specialized expertise, and a multidisciplinary approach to patient care. The hospitals offer treatment to a large number of patients, allowing them to capitalize on economies of scale and offer more efficient and cost-effective services. Financial incentives from health insurance companies are also a major factor, as these can reduce the cost of treatment and make it more affordable for patients.

Microwave Ablation Market Report Coverage

“Asia Pacific to grow with high CAGR during the forecast period”

The Asia Pacific is anticipated to grow rapidly in the upcoming years owing to the surge in the prevalence of cancer and the encouraging response of microwave ablation in its management. . In 2020, 378,356 people died of cancer in Japan, according to a Ministry of Health, Labor, and Welfare report. This accounts for 27.6% of all deaths that year and equates to one in four people dying of cancer. Furthermore, the domestic companies are actively investing in the development of microwave ablation, thus driving the growth of the market. For instance, in 2020, AngioDynamics announced a strategic collaboration with Japan Lifeline Co., Ltd. to expand the availability and utilization of its microwave ablation technology in Japan. The collaboration aimed to leverage Japan Lifeline’s extensive network and expertise in the Japanese medical device market to enhance the distribution and awareness of AngioDynamics’ microwave ablation products.

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• Deep dive regional level analysis of the industry.

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