A cursory review of data in the recent MedMarket Dilgence report #A125 reveals the countries with the highest expected growth rates in markets for ablation technologies.
Based on the growth in the ablation modality segments (e.g., radiofrequency, microwave, cryosurgery, thermal, ultrasound, etc.) that comprise each country’s total ablation market, the countries with the highest ablation market growth are India and China. The high growth in these countries ensues from how nascent these markets are, since potential application of ablation in these countires have yet to be tapped to any significant extent (the current market for ablation in India is $190 million compared to the U.S. market at $12.9 billion).
Ablation Technologies Market by Country
Compound Growth Rate 2008 to 2017
|
Country/Region
|
CAGR 2008-2017
|
|
India
|
23.2%
|
|
China
|
22.6%
|
|
BeNeLux
|
22.2%
|
|
Mexico
|
19.6%
|
|
Spain
|
19.3%
|
|
Australia
|
18.5%
|
|
Italy
|
17.6%
|
|
France
|
16.5%
|
|
Brazil
|
15.9%
|
|
United Kingdom
|
15.9%
|
|
Japan
|
15.1%
|
|
Germany
|
14.7%
|
|
Canada
|
14.6%
|
|
U.S.A.
|
12.5%
|
|
Rest of World
|
12.1%
|
