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How big is the cryoablation devices market today, and what are its future growth expectations?
The cryoablation devices market size has grown rapidly in recent years. It will grow from $0.56 billion in 2024 to $0.62 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increased funding and grants from government agencies, expansion of cryoablation training and education, the rise of outpatient and ambulatory surgery centers, rise in hybrid treatment approaches, and growth in outpatient procedures.
The cryoablation devices market size is expected to see rapid growth in the next few years. It will grow to $0.92 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to the increasing prevalence of cancer, rising cases of cardiovascular diseases, increasing number of clinical trials, rising geriatric population, and increasing consumption of tobacco and alcohol. Major trends in the forecast period include technological advancements, portable cryoablation devices, nanotechnology integration, hybrid procedures, and artificial intelligence.
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What key drivers have fueled the cryoablation devices market’s development over the years?
The increasing prevalence of cardiovascular diseases is expected to propel the growth of the cryoablation devices market going forward. Cardiovascular diseases (CVD) refer to a class of disorders involving the heart and blood vessels, including conditions like coronary artery disease, hypertension, heart failure, arrhythmias, and stroke. The prevalence of cardiovascular diseases is due to aging populations, rising rates of obesity, and increased exposure to risk factors such as smoking and pollution. Cryoablation devices are a valuable tool in cardiology for treating arrhythmias such as atrial fibrillation by creating controlled lesions in the heart tissue that disrupt abnormal electrical pathways, restoring more normal heart rhythm and improving the quality of life for patients. For instance, in June 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, the number of doctor-certified deaths attributed to coronary heart disease (CHD) increased to 14,100 in 2021 and 14,900 in 2022.Therefore, the increasing prevalence of cardiovascular diseases is expected to drive the growth of the cryoablation devices market.
What is the segmentation for the cryoablation devices market?
The cryoablation devices market covered in this report is segmented –
1) By Type: Probe, Tissue Contact Probe Ablators, Epidermal And Subcutaneous Cryoablation Systems, Systems, Generator, Accessories And consumables
2) By Application: Cardiology, Oncology, Other Applications
3) By End-Use: Hospitals, Ambulatory Surgical Centers, Specialty Centers, Other End-Users
Subsegments:
1) By Probe: Cryoprobes, Thermal Probes, Radiofrequency Probes
2) By Tissue Contact Probe Ablators: Microwave Ablators, RF Ablators, Ultrasound Ablators
3) By Epidermal and Subcutaneous Cryoablation Systems: Spray-Based Systems, Contact-Based Systems
4) By Systems: Standalone Systems, Integrated Systems
5) By Generator: High-Frequency Generators, Low-Frequency Generators
6) By Accessories and Consumables: Needles, Catheters, Gas Cartridges, Cooling Agents
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Who are the most influential companies in the cryoablation devices market?
Major companies operating in the cryoablation devices market are Medtronic plc, Siemens Healthineers AG, GE Healthcare, Boston Scientific Corporation, Varian Medical Systems Inc., CooperSurgical Inc., MicroPort Scientific Corporation, PENTAX Medical, AtriCure Inc., Vimecon GmbH, Erbe Elektromedizin GmbH, MedGyn Products Inc., HealthTronics Inc., METRUM CRYOFLEX Sp. z o.o., BVM Medical Limited., Adagio Medical Inc., Channel Medsystems Inc., CPSI Biotech, CryoTherapeutics GmbH, Endocare Inc., Galil Medical Ltd., Sanarus Technologies Inc., IceCure Medical Ltd.
What are the top industry trends projected to impact the cryoablation devices market?
Major companies operating in the cryoablation devices market are focusing on developing innovative products, such as cryoprobe to enhance treatment precision and effectiveness. A cryoprobe is a medical instrument used in cryotherapy procedures, which involves applying extreme cold to tissues to treat various medical conditions, such as tumors, lesions, or abnormal growths. For instance, in May 2023, Varian, a Siemens Healthineers company, a US-based medical device company, launched Isolis cryoprobe. The Isolis cryoprobe is a single-use, disposable device designed to improve precision and efficiency in cryoablation procedures, where tissue is precisely frozen to treat conditions like tumors. It offers interventional radiologists enhanced control with its sharp tip and optional integration with the Siemens Healthineers myNeedle Laser guidance system for accurate probe placement.
What are the major regional insights for the cryoablation devices market, and which region holds the top position?
North America was the largest region in the cryoablation devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cryoablation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Cryoablation Devices Market Report 2025 Offer?
The cryoablation devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Cryoablation devices are medical instruments used to perform cryoablation, a minimally invasive procedure that employs extreme cold to destroy abnormal tissues, such as tumors or malfunctioning heart tissue. These devices play a crucial role in modern medicine by providing a minimally invasive option for treating certain medical conditions through controlled freezing of targeted tissues.
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