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Latin America Ablation Technologies Market Research Report - Segmented By Product, Type, Application and Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Industry Size, Share, Trends & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 2101
Pages: 145

Latin America Ablation Technologies Market Size (2022 to 2027)

The Latin America Ablation Technologies Market size was valued at USD 377.33 Million in 2022 and is projected to reach USD 673.93 Million by 2027, growing at a CAGR of 12.3% between 2022 to 2027.

The growing incidence of cancer and the high demand for effective treatment options are the major growth factors in the market. According to Cancer Research, the cancer incidence rate is estimated to increase by 60% from 2018 to 2040. According to the IARC, there were 9.55 million cancer deaths and 17.56 million new cancer cases in 2018 worldwide. In addition, the number of cancer cases is expected to reach 27.55 million and 16.38 million cancer deaths by 2040.  According to canceratlas.org, there were an estimated 1.38 million cancer cases in Latin America. The leading cancer cases are reported in breast (15.5%), prostate (14.0%), colorectal (10.23%), lung (7.5%), stomach (5.5%), cervix (4.3%), thyroid (4.12%), and other cancers (42.56%). On the same website, it was also stated that there were an estimated 666,600 cancer deaths in the region, including the Caribbean.

The growing demand for advanced medical technologies for minimally invasive procedures, coupled with improved funding capacities of healthcare facilities, is anticipated to increase the need for this technology to treat tumors during the prognosis period. People who underwent ablation had a rapid recovery, more comfort, and shorter response time when compared to conventional surgical procedures. This has also reduced the overall medical costs and hospital stays. In addition, integrating tumor ablation devices with efficient interventional imaging modalities, like ultrasound, MRI, and computed tomography will revolutionize outpatient ablation procedures.

Supporting government initiatives such as cancer screening programs, awareness campaigns, and programs for various types of cancer will increase the number of cancer patients. Most of these programs aim for early detection and limiting the spread of tumors and their complications, thereby improving the prognosis rate. 

However, adverse regulatory conditions and the high cost of ablation technologies with poor reimbursement policies may restrain the growth of the Latin American ablation technologies market during the forecast period.

This research report on the Latin American ablation technologies market has been segmented and sub-segmented into the following categories.

By Product: 

  • Light/Laser Ablators
  • Radiofrequency (RF) Ablators
  • Electrical Ablators
  • Ultrasound Ablators
  • Microwave Ablators
  • Cryoablation Devices
  • Hydrothermal Ablators

By Type: 

  • Light/Laser Ablation
  • Radiofrequency Ablation
  • Electrical Ablation
  • Ultrasound Ablation
  • Cryoablation
  • Microwave Ablation
  • Hydrothermal Ablation

By Application: 

  • Cardiovascular Disease Treatment
  • Cancer Treatment
  • Ophthalmologic Treatment
  • Gynecologic Treatment
  • Pain Management
  • Urologic Treatment
  • Orthopedic Treatment
  • Cosmetic Surgery
  • Other Treatments  

By Country: 

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Brazil was the largest consumer of ablation technology due to the introduction of ablation technology than in other Latin American regions. The increased awareness of ablation technologies has contributed significantly to the market's growth. Other factors driving the market include increasing healthcare spending, a growing senior population, a high number of ablation and surgery centers, and awareness of ablation procedures.

The regional market in Mexico is anticipated to be the fastest-growing regional market due to the availability of a large patient pool, easy availability of FDA-approved ablation devices from North America, higher patient spending capacity, and preference for minimally invasive procedures. As a result, the size of the Latin American medical tourism market is estimated to go over USD 17.26 billion by 2027, with an impressive CAGR of 18.9%. This will result in popularizing the region for medical procedures, which will drive the studied market.

Other Latin American regions such as Peru, Chile, Argentina, Columbia, and Ecuador will also have a steady market growth. These regions are experiencing market expansion by key market players and increased government investment to develop the healthcare sector throughout the forecast period.

KEY MARKET PLAYERS:

Some of the noteworthy companies operating in the Latin America Ablation Technologies Market Profiled in the Report are Biosense Webster, Inc., St. Jude Medical, Inc., Boston Scientific Corporation, AngioDynamics, Inc., AtriCure, Inc., Smith & Nephew plc, Galil Medical Inc., CONMED Corporation, Olympus Corporation, Covidien PLC, Medtronic, Inc., and BSD Medical Corporation.

1.Introduction          

  1.1 Market Definition          

  1.2 Study Deliverables        

  1.3 Base Currency, Base Year and Forecast Periods  

  1.4 General Study Assumptions      

2. Research Methodology     

  2.1 Introduction       

  2.2 Research Phases            

    2.2.1 Secondary Research 

    2.2.2 Primary Research     

    2.2.3 Econometric Modelling          

    2.2.4 Expert Validation      

  2.3 Analysis Design 

  2.4 Study Timeline  

3. Overview 

  3.1 Executive Summary      

  3.2 Key Inferences 

  3.3 Epidemology      

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)            

  4.1 Market Drivers  

  4.2 Market Restraints          

  4.3 Key Challenges 

  4.4 Current Opportunities in the Market      

5. Market Segmentation        

  5.1 Product

    5.1.1 Introduction 

    5.1.2 Light/Laser ablators   

      5.1.2.1 Excimer laser ablators       

      5.1.2.2 Cold laser ablators

    5.1.3 Radiofrequency (RF) ablators             

      5.1.3.1 Temperature-controlled RF ablators          

      5.1.3.2 Fluid-cooled RF ablators  

      5.1.3.3 Robotic catheter manipulation systems    

    5.1.4 Electrical ablators     

      5.1.4.1 Argon plasma/beam coagulators   

      5.1.4.2 Irreversible electroporation ablators         

    5.1.5 Ultrasound ablators  

      5.1.5.1 High-intensity focused ultrasound (HIFU) ablators

      5.1.5.2 Magnetic resonance guided focused ultrasound (MRGFUS) ablators          

      5.1.5.3 Ultrasonic surgical ablation systems           

      5.1.5.4 Extracorporeal shockwave lithotripsy systems      

    5.1.6 Microwave ablators  

      5.1.6.1 Microwave thermotherapy ablators          

    5.1.7 Cryoablation devices

      5.1.7.1 Tissue contact probe ablators       

      5.1.7.2 Tissue spray probe ablators           

      5.1.7.3 Epidermal and subcutaneous cryoablation systems            

    5.1.8 Hydrothermal ablators           

      5.1.8.1 Endothermal hydrothermal balloon ablation devices          

    5.1.9  Y-o-Y Growth Analysis, By Product    

    5.1.10  Market Attractiveness Analysis, By Product

    5.1.11  Market Share Analysis, By Product  

  5.2 Type      

    5.2.1 Introduction 

    5.2.2 Light/Laser Ablation  

    5.2.3 Radiofrequency Ablation      

    5.2.4 Electrical Ablation     

    5.2.5 Ultrasound Ablation  

    5.2.6 Cryoablation 

    5.2.7 Microwave Ablation  

    5.2.8 Hydrothermal Ablation          

    5.2.9  Y-o-Y Growth Analysis, By Type        

    5.2.10  Market Attractiveness Analysis, By Type      

    5.2.11  Market Share Analysis, By Type      

  5.3 Application       

    5.3.1 Introduction 

    5.3.2 Cardiovascular Disease Treatment    

    5.3.3 Cancer Treatment    

    5.3.4 Ophthalmologic Treatment    

    5.3.5 Gynecologic Treatment         

    5.3.6 Pain Management     

    5.3.7 Urologic Treatment   

    5.3.8 Orthopedic Treatment           

    5.3.9 Cosmetic Surgery     

    5.3.10 Other Treatments   

    5.3.11  Y-o-Y Growth Analysis, By Application         

    5.3.12  Market Attractiveness Analysis, By Application       

    5.3.13  Market Share Analysis, By Application         

6. Geographical Analysis        

  6.1 Introduction       

    6.1.1 Regional Trends        

    6.1.2 Impact Analysis         

    6.1.3 Y-o-Y Growth Analysis            

      6.1.3.1 By Geographical Area       

      6.1.3.2 By Product             

      6.1.3.3 By Type   

      6.1.3.4 By Application      

    6.1.4  Market Attractiveness Analysis         

      6.1.4.1 By Geographical Area       

      6.1.4.2 By Product             

      6.1.4.3 By Type   

      6.1.4.4 By Application      

    6.1.5  Market Share Analysis          

      6.1.5.1 By Geographical Area       

      6.1.5.2 By Product             

      6.1.5.3 By Type   

      6.1.5.4 By Application      

  6.2 Brazil     

  6.3 Mexico 

  6.4 Rest of Latin America     

7.Strategic Analysis  

  7.1 PESTLE analysis 

    7.1.1 Political         

    7.1.2 Economic     

    7.1.3 Social             

    7.1.4 Technological             

    7.1.5 Legal

    7.1.6 Environmental           

  7.2 Porter’s Five analysis      

    7.2.1 Bargaining Power of Suppliers            

    7.2.2 Bargaining Power of Consumers        

    7.2.3 Threat of New Entrants         

    7.2.4 Threat of Substitute Products and Services    

    7.2.5 Competitive Rivalry within the Industry         

8.Market Leaders' Analysis   

  8.1 Biosense Webster, Inc. 

    8.1.1 Overview     

    8.1.2 Product Analysis       

    8.1.3 Financial analysis      

    8.1.4 Recent Developments           

    8.1.5 SWOT analysis           

    8.1.6 Analyst View

  8.2 St. Jude Medical, Inc.     

  8.3 Boston Scientific Corporation     

  8.4 AngioDynamics, Inc.       

  8.5 AtriCure, Inc.     

  8.6 Smith & Nephew plc       

  8.7 Galil Medical Inc.            

  8.8 CONMED Corporation    

  8.9 Olympus Corporation     

  8.10 Covidien PLC    

  8.11 Medtronic, Inc.             

  8.12 BSD Medical Corporation         

9.Competitive Landscape      

  9.1 Market share analysis    

  9.2 Merger and Acquisition Analysis             

  9.3 Agreements, Collaborations, and Joint Ventures 

  9.4 New Product Launches 

10.Market Outlook and Investment Opportunities    

Appendix     

  a) List of Tables

  1. Latin America Ablation Technologies Market, By Product, From 2022 - 2027 (USD Million)
  2. Latin America Light/Laser ablators Market, By Region, From 2022 - 2027 (USD Million)
  3. Latin America Radiofrequency (RF) ablators Market, By Region, From 2022 - 2027 (USD Million)
  4. Latin America Electrical ablators Market, By Region, From 2022 - 2027 (USD Million)
  5. Latin America Ultrasound ablators Market, By Region, From 2022 - 2027 (USD Million)
  6. Latin America Microwave ablators Market, By Region, From 2022 - 2027 (USD Million)
  7. Latin America Cryoablation devices Market, By Region, From 2022 - 2027 (USD Million)
  8. Latin America Hydrothermal ablators Market, By Region, From 2022 - 2027 (USD Million)
  9. Latin America Ablation Technologies Market, By Type, From 2022 - 2027 (USD Million)
  10. Latin America Light/Laser Ablation Market, By Region, From 2022 - 2027 (USD Million)
  11. Latin America Radiofrequency Ablation Market, By Region, From 2022 - 2027 (USD Million)
  12. Latin America Electrical Ablation Market, By Region, From 2022 - 2027 (USD Million)
  13. Latin America Ultrasound Ablation Market, By Region, From 2022 - 2027 (USD Million)
  14. Latin America Cryoablation Market, By Region, From 2022 - 2027 (USD Million)
  15. Latin America Microwave Ablation Market, By Region, From 2022 - 2027 (USD Million)
  16. Latin America Hydrothermal Ablation Market, By Region, From 2022 - 2027 (USD Million)
  17. Latin America Ablation Technologies Market, By Application, From 2022 - 2027 (USD Million)
  18. Latin America Cardiovascular Disease Treatment Market, By Region, From 2022 - 2027 (USD Million)
  19. Latin America Cancer Treatment Market, By Region, From 2022 - 2027 (USD Million)
  20. Latin America Ophthalmologic Treatment Market, By Region, From 2022 - 2027 (USD Million)
  21. "Latin America Gynecologic Treatment
  22. Market, By Region, From 2022 - 2027 (USD Million)"
  23. Latin America Pain Management Market, By Region, From 2022 - 2027 (USD Million)
  24. Latin America Urologic Treatment Market, By Region, From 2022 - 2027 (USD Million)
  25. Latin America Orthopedic Treatment Market, By Region, From 2022 - 2027 (USD Million)
  26. Latin America Cosmetic Surgery Market, By Region, From 2022 - 2027 (USD Million)
  27. Latin America Other treatments Market, By Region, From 2022 - 2027 (USD Million)
  28. Brazil Ablation Technologies Market, By Product, From 2022 - 2027 (USD Million)
  29. Brazil Ablation Technologies Market, By Type, From 2022 - 2027 (USD Million)
  30. Brazil Ablation Technologies Market, By Application, From 2022 - 2027 (USD Million)
  31. Argentina Ablation Technologies Market, By Product, From 2022 - 2027 (USD Million)
  32. Argentina Ablation Technologies Market, By Type, From 2022 - 2027 (USD Million)
  33. Argentina Ablation Technologies Market, By Application, From 2022 - 2027 (USD Million)
  34. Mexico Ablation Technologies Market, By Product, From 2022 - 2027 (USD Million)
  35. Mexico Ablation Technologies Market, By Type, From 2022 - 2027 (USD Million)
  36. Mexico Ablation Technologies Market, By Application, From 2022 - 2027 (USD Million)
  37. Rest of Latin America Ablation Technologies Market, By Product, From 2022 - 2027 (USD Million)
  38. Rest of Latin America Ablation Technologies Market, By Type, From 2022 - 2027 (USD Million)
  39. Rest of Latin America Ablation Technologies Market, By Application, From 2022 - 2027 (USD Million)

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