India Cryoablation Devices Market Size & Outlook
India cryoablation devices market, 2018-2030 (US$M)
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India cryoablation devices market highlights
- The India cryoablation devices market generated a revenue of USD 13.8 million in 2022 and is expected to reach USD 46.8 million by 2030.
- The India market is expected to grow at a CAGR of 16.6% from 2023 to 2030.
- In terms of segment, tissue contact probe ablators was the largest revenue generating product in 2022.
- Tissue Contact Probe Ablators is the most lucrative product segment registering the fastest growth during the forecast period.
Cryoablation devices market data book summary
| Market revenue in 2022 | USD 13.8 million |
| Market revenue in 2030 | USD 46.8 million |
| Growth rate | 16.6% (CAGR from 2023 to 2030) |
| Largest segment | Tissue contact probe ablators |
| Fastest growing segment | Tissue Contact Probe Ablators |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tissue Contact Probe Ablators, Epidermal & Subcutaneous Cryoablation Systems, Tissue Spray Probe Ablators |
| Key market players worldwide | Boston Scientific Corp, MicroPort Scientific Corp, Medtronic PLC, The Cooper Companies Inc, AtriCure Inc, Cytokinetics Inc, BVM Medical, Metrum Cryoflex |
Other key industry trends
- In terms of revenue, India accounted for 3.7% of the global cryoablation devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cryoablation devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 46.8 million by 2030.
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Cryoablation Devices Market Scope
Cryoablation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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India cryoablation devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cryoablation devices market will help companies and investors design strategic landscapes.
Tissue contact probe ablators was the largest segment with a revenue share of 53.62% in 2022. Horizon Databook has segmented the India cryoablation devices market based on tissue contact probe ablators, epidermal & subcutaneous cryoablation systems, tissue spray probe ablators covering the revenue growth of each sub-segment from 2018 to 2030.
The cryoablation devices market in India is set for significant growth, driven by the increasing prevalence of gastrointestinal disorders and colorectal cancer. With colorectal cancer cases rising at an estimated 5% annually, the demand for minimally invasive procedures has surged.
India's aging population, projected to reach 20% by 2050, further fuels this demand. Government initiatives, such as the Ayushman Bharat scheme, are enhancing access to advanced healthcare, boosting cryoablation devices.
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Horizon Databook provides a detailed overview of country-level data and insights on the India cryoablation devices market , including forecasts for subscribers. This country databook contains high-level insights into India cryoablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cryoablation devices market size, by product, 2018-2030 (US$M)
India Cryoablation Devices Market Outlook Share, 2022 & 2030 (US$M)
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