MRI Guided Neuro Ablation Devices Market

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MRI Guided Neuro Ablation Devices Market
The global MRI guided neuro ablation devices
market is predicted to grow at 5.3 CAGR during
the forecast period with the market size reaching
USD 175.6 million by 2024. Various products such
as the MRI guided RF ablation system, MRI guided
ultrasound focused systems, and the MRI guided
laser therapy system contribute significantly to
the size of the market for MRI guided neuro
ablation devices. In recent years, due to
increasing awareness of minimally invasive
surgery, the market has experienced significant
demand for the MRI guided RF ablation system.
By product, the MRI guided neuro ablation devices
market is categorized into MRI guided RF
ablation system, MRI guided focused ultrasound
systems, MRI guided laser therapy system, and
accessories. MRI guided focused ultrasound
systems segment had the fastest growth and
predicted to continue during the forecast period
too. By end users, the market is segmented into
hospitals, ambulatory surgical centres (ASCs)
and others. Hospitals accounted for the largest
share of the market, owing to the elevated
inclination of the patient to visit hospitals for
the management of brain cancer. Various
products such as the MRI guided RF ablation
system, MRI guided ultrasound focused systems,
and the MRI guided laser therapy system
contribute significantly to the size of the
market for MRI guided neuro ablation devices. In
recent years, due to increasing awareness of
minimally invasive surgery, the market has
experienced significant demand for the MRI
guided RF ablation system. Technological
innovation, evolving habits, and rising
healthcare spending are some of the other main
drivers driving the industry's growth.
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Key factors hindering the growth of the MRI
guided neuro ablation devices market are limited
awareness among patient about the treatment of
brain tumor in developing countries, high cost,
and a limited workforce. In addition, the dearth
of skilled professionals is also having a
negative impact on the growth of the
market. Recent News In April 2018, Medtronic
Plc launched the Visualase, an MRI-guided laser
ablation system in Europe. Competitive
Insights Medtronic Plc, Insightec Ltd, Monteris
Medical Inc, Boston Scientific Corporation,
AngioDynamics Inc, and MRI Intervention Inc. are
some of the key players offering solutions for
MRI guided neuro ablation devices.
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