According to a new report published by Allied Market Research, titled, โThyroid Ablation Devices Market: Global Opportunity Analysis and Industry Forecast, 2021-2030โ Growth of the global thyroid ablation devices market is majorly driven by increase in prevalence of thyroid cancer and thyroid nodules; increase in demand of minimally invasive surgeries; and increase in availability of new technologically advanced products for the thyroid ablation. Therefore, these aforementioned factors increase the use of thyroid ablation, which drives the growth of the thyroid ablation devices market. According to the American Cancer Society’s (ACS) publications, Cancer Facts & Figures 2021 and Cancer Facts & Figures 2020, an estimated 44,280 adults (12,150 men and 32,130 women) in the U.S. were diagnosed with thyroid cancer.
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COVID-19 Impact Analysis
The COVID-19 outbreak is anticipated to have a negative impact on the global thyroid ablation devices market. All the schedules thyroid nodule ablation surgery and thyroid cancer ablation surgeries were delayed by 3 to 4 weeks as there non-essential surgery. these aforementioned factors are anticipated to drive the thyroid ablation devices market during the forecast period.
However, the high cost the thyroid ablation products and the maintenance cost is expected to hinder the market growth during the forecast period.
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Thyroid cancer is the seventh most common cancer in women. Thus, rise in burden of thyroid cancer is increasing the number of ablation surgeries. In addition, thyroid nodules are also on rise they are quite prevalent among the common diseases of the endocrine system. These aforementioned factors led to surge in usage of thyroid ablation during treatment of thyroid cancer and nodules and are anticipated to drive the growth of the thyroid ablation devices market in the near future. Furthermore, advanced ablation technology is also anticipated to boost the thyroid ablation devices market growth over the forecast period.
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- The study provides an in-depth analysis of the thyroid ablation devices market, and the current trends & future estimations to elucidate imminent investment pockets.
- It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
- Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Key Market Players
- Boston Scientific Corporation
- BVM Medical System
- Integra LifeSciences
- Johnson & Johnson
- Medtronic Plc
- Medwaves Inc.
- Olympus Corporation
- STARmed Co. Ltd.
- Terumo Corporation
- Theraclion
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