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Research Nester published a report titled “ Gastrointestinal Radiofrequency Ablation Systems market : Global Demand Analysis & Opportunity Outlook 2031 ” which delivers detailed overview of the global gastrointestinal radiofrequency ablation systems market in terms of market segmentation by type, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global gastrointestinal radiofrequency ablation systems market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. The market is segmented by application into cancerous growth, benign tumor, and others, out of which, the cancerous growth segment is anticipated to hold a substantial share in the global gastrointestinal radiofrequency ablation systems market over the forecast period on account of increasing prevalence of cancer across the world, backed by higher exposure to carcinogens on a daily basis.
The global gastrointestinal radiofrequency ablation systems market is estimated to grow on the back of increasing cases of stomach and esophageal cancer. According to the data by the World Health Organization (WHO) there were 1.09 million new cases of stomach cancer in the same year. Moreover, gastrointestinal radiofrequency ablation systems are used to exterminate any abnormal growth in the inner lining of the digestive tract. This is anticipated to boost the market growth.
On the basis of geographical analysis, the global gastrointestinal radiofrequency ablation systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of high prevalence of stomach cancer and tumor in the digestive tract. According to the data by the Center of Disease Control and Prevention (CDC), 14.8 million adults were diagnosed with stomach ulcers.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rising Cancer Awareness among People to boost the Market Growth
According to the data by the WHO over 10 million people died due to cancer in 2020.
The increasing prevalence of cancer across the world, has led to a surge in demand for new treatment methods to cure the disease. Gastrointestinal radiofrequency ablation systems are used to superficially remove any cancerous or even non-cancerous growth from the lining of the stomach. The growing demand for treatment of stomach cancer, is projected to boost the market growth.
However, difficult diagnosis of stomach cancer is expected to operate as key restraint to the growth of global gastrointestinal radiofrequency ablation systems market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global gastrointestinal radiofrequency ablation systems market which includes company profiling of MISONIX, Inc., Arthrex, Inc., Sonablate Corp., Medtronic plc, Integra LifeSciences Corporation, Stryker Corporation, Boston Scientific Corporation, Olympus Corporation, KLS Martin GmbH & Co. KG, Novartis AG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global gastrointestinal radiofrequency ablation systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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