TUMOR ABLATION MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Tumor Ablation Market Analysis:

During the study period, the tumor ablation market is projected to exhibit a compound annual growth rate (CAGR) of 10.1%. The COVID-19 pandemic had a significant impact on healthcare systems worldwide, resulting in the disruption of routine care in many healthcare facilities and exposing cancer patients to increased risks. A PubMed article published in November 2022 revealed that operative treatment during the pandemic was frequently postponed due to the immunosuppressive effects of surgical stress, which could increase the risk of COVID-19 for cancer patients.

Despite these challenges, the market experienced growth due to the rising number of cancer cases during the pandemic. Hospitals and clinics continued to perform cancer surgeries and ablation procedures, as evidenced by a study published in the British Medical Journal (BMJ) in April 2022, which reported that elective cancer surgeries continued in various hospitals and clinics in Northern England despite the increasing incidence of hepatocellular carcinoma (HCC) caused by alcohol-related liver disease and non-alcoholic fatty liver disease. As a result, while the initial impact of COVID-19 on the market was negative, the resumption of surgical cancer procedures worldwide is expected to drive market growth in the coming years.

Factors driving the market’s growth include the increasing burden of cancer, technological advancements in ablation devices, and the growing demand for minimally invasive surgeries.

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