The European Thermal Ablation Market is mainly driven by increasing aging population with high risk of chronic diseases and increasing age related chronic diseases. This market was valued at $2132 million in 2013 and is expected to reach $3328 million by 2018.
The report “European Thermal Ablation Market forecast, 2010-2018” analyzes the market of devices by 7 segments such as Electrical, Radiation, Radiofrequency, Light, Ultrasound, Microwave, and Hydrothermal Ablation. All of these segments experienced a positive growth till 2012 with an increased awareness of patients and physicians towards the usage and reception of new ablation technologies due to the numerous advantages offered by these devices.
European market is challenging, as it is a heterogeneous region in terms of regulatory and reimbursement approaches, with every country having its own unique characteristics. Recent trends show an increased inclination of companies towards Europe for their preliminary product development and launch. In addition, it is observed that capital investment required for regulatory approval of the product is significantly less than that compared to U.S. Ultimately, market players are adopting a strategy to launch their products initially in Europe, as it offers an opportunity to balance the risk-to-reward ratio in case of innovative technologies.
The report also provides an extensive competitive landscaping of companies operating in European thermal ablation market. The main companies operating in European thermal ablation market and extensively covered in this report are Varian Medical systems, Elekta, Biosense Webster, St. Jude Medical Boston Scientfic, Accuray, Medtronic, CR Bard and others.
Segment and country specific Company shares, News & Deals, M&A, segment specific pipeline products, product approvals and product recalls of the major companies have been detailed.
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