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(Medical-NewsWire.com, February 27, 2017 ) According to the report Latin America Tumor Ablation Market, published by Market Data Forecast, the Latin American Market was worth $48.75 million in 2016 and estimated to be growing at a CAGR of 12.9%, to reach $89.42 million by 2021.
Tumors are the group of abnormal cells that accumulate together and form lumps. Tumor ablation is a minimally invasive procedure used to destroy cancer cells in the chest, lung and liver.
Rising Prevalence of cancer is proportional to the growth of tumor ablation market. According to the recent statistics published by the WHO, cancer accounts for 13% of the deaths worldwide. Cancer incidence is expected to increase by 70% over the next couple of decades.
For full report refer to http://www.marketdataforecast.com/market-reports/latin-america-tumor-ablation-market-478/
Latin America Tumor Ablation market is driven by factors such as growing aging population across the regions, increasing incidence of cancer and technological advancements in the field of ablation. Growing demand for minimally invasive cancer treatment procedures and increasing awareness about the benefits of ablation procedures over the conventional surgical procedures are also adding to the market growth. However, challenges related to ablation procedures and stringent regulatory guidelines are hindering the growth of the market.
Free sample of the report is available at http://www.marketdataforecast.com/market-reports/latin-america-tumor-ablation-market-478/request-sample
Latin America tumor ablation market is segmented into technology treatment and application. Based on technology the market is sub-segmented as Radiofrequency Ablation Devices, Microwave Ablation Devices, Cryoablation Devices and other Ablation Devices. Radiofrequency devices is the dominating segment accounting for a share of about 35% attributed to its crucial role in solid tumour removal in the body. On the basis of treatment the Latin America tumor market is segmented into Surgical Ablation, Laparoscopic Ablation and Percutaneous Ablation. Surgical Procedures segment accounted for a significant share of around 37% owing to increasing prevalence of various forms of cancers. By application Latin America tumor ablation market is segmented as Liver Cancer, Breast Cancer, Lung Cancer, Prostrate Metastasis and other cancer.
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Tumor Ablation Market is segmented as follows:
By Technology
Radiofrequency Ablation Devices,
Microwave Ablation Devices,
Cryoablation Devices and
other Ablation Devices
By Treatment
Surgical Ablation,
Laparoscopic Ablation and
Percutaneous Ablation
By Application
Liver Cancer
Breast Cancer
Lung Cancer
Prostrate Metastasis and other cancer
Based on Geography
Some of the key companies dominating the market include Medtronic Plc., Boston Scientific Corporation, Galil Medical Inc., Angiodynamics, Mermaid Medical, HealthTronics, EDAP TMS S.A., SonaCare Medical, Misonix, Inc. and Neuwave Medical, Inc.
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The Tumor Ablation Market study offers the following deliverables:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
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