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| Global Bone Tumor Ablation Devices Market Size |
Bone tumor ablation devices are minimally invasive medical devices used to
destroy or cure tumors affecting the bones. Bone cancer or bone tumors can
develop within bones or grow from other cancers that have metastasized to the
bones. Bone tumor ablation is a minimally invasive treatment procedure that
uses either microwave energy, radiofrequency energy, cryoablation, laser or
ethanol injection to kill the tumor cells. Bone tumor ablation provides
improved effectiveness over surgical resection for treating tumors located in
delicate or complex areas of bone that are difficult to access surgically
without risking damage to important structures.
The Global Bone Tumor Ablation Devices Market is
estimated to be valued at US$ 1.93 Mn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period
2024 to 2030.
Key Takeaways
Key players operating in the Bone Tumor Ablation Devices are Xikar, Colibri,
Vertigo, Cuban Crafters, Milwaukee, Tailor Made Cigar Company, Rocky Patel,
Elie Bleu, CRAFTD, Cigar Cutter Direct, Quality Importers, Tonino Lamborghini,
Oliva Cigar Company, Gurkha, Ashton, Davidoff, Alec Bradley, Rocky's Cigar,
Villiger, Lotus. Technological advancements in tumor ablation devices like
microwave and laser ablation systems with improved efficacy and safety are
expected to offer high growth opportunities for key players in the market.
The increasing incidence of bone cancer globally is driving the demand for
minimally invasive bone tumor ablation procedures. According to world health
organization, bone cancer accounts for less than 1% of all cancers. However,
bone tumors represent a significant healthcare problem, especially in
developing countries with insufficient treatment options.
Key players are focusing on expanding their presence globally especially in
emerging markets of Asia Pacific and Latin America to tap the potential
opportunities. Manufacturers are also investing in development of innovative
bone tumor ablation devices with improved accuracy, precision and real-time
monitoring capabilities to increase adoption.
Market Drivers
Rising prevalence of primary bone cancers as well as bone metastases is a key
factor driving the growth of Global
Bone Tumor Ablation Devices Market Size. According to cancer research
UK, over 2,300 new bone cancer cases are registered annually in the UK.
Advancements in tumor ablation technologies with improved clinical outcomes
over surgery and reduced complications is boosting the adoption of minimally
invasive bone tumor ablation globally.
Market Restrains
High cost of bone tumor ablation devices and procedures is a major factor
restraining the market growth. Steep learning curve for tumor ablation
techniques and lack of skilled surgeons particularly in developing countries
also challenges the uptake of bone tumor ablation in certain regions. Safety
concerns regarding the use of ionizing radiation in devices like microwave
ablation systems also limits the market growth to some extent.
Segment Analysis
This market can be segmented based on therapy type into thermal ablation,
non-thermal ablation and radiofrequency ablation. Among these, radiofrequency
ablation dominates the market as it is a minimally invasive technique, allows
precise tumor targeting and has better effectiveness compared to other
techniques. It uses heat to destroy tumor tissue by disrupting cellular
structures and organelles and induces coagulation necrosis.
Global Analysis
Regionally, North America dominates the bone tumor ablation devices market due
to advanced healthcare infrastructure, availability of skilled personnel, high
disposable income and rising awareness regarding early cancer diagnosis. The
Asia Pacific region is expected to grow at the fastest rate during the forecast
period due to improving healthcare facilities, increasing prevalence of bone
cancer, growing medical tourism industry and rising healthcare expenditure. Key
players are focusing on new product launches, obtaining regulatory approvals
and expanding their geographical presence in high potential markets to
strengthen their market position.
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Tumor Ablation Devices Market