The Latin America, Middle East and Africa Thyroid Ablation Devices Market would witness market growth of 17.0% CAGR during the forecast period (2022-2028).
Patients who are not surgical candidates benefit greatly from local and regional therapy using ablative technologies. RFA and MWA are the most significant thermal ablative systems, although other heat-ablative technologies like laser and HIFU also play a significant role in suppressing tumors. Microwave ablation has good technical performance and is less subject to the heat sink effect in circulatory organs like the liver and kidney and instead provides a uniform and bigger ablation zone.
With efforts to individualise treatment based on the nodule's aetiology and patient performance level, thyroid nodule treatment has considerably changed in recent years. The hazards and side effects of radioactive iodine and surgery have raised interest in alternative therapies including radiofrequency ablation (RFA). The main drivers of the market for thyroid ablation devices are the rise in government funding for the treatment of Hashimoto's thyroiditis and the surge in demand for efficient therapies. In addition, important players who offer a variety of ablation products for the treatment of thyroid cancer, like Theraclion and Sonacare Medical, also contribute to the market's expansion.
In 2020, western Africa was one of the regions where the age-standardized incidence rate (ASIR) of thyroid cancer was high. Age-standardized DALY rate for North Africa and the Middle East was 14.9 per 100,000 people in 2019, with an ASIR of 3.5 and a DALY rate that increased from 1990 to 2019. Health system outcomes in the Middle East and North Africa region vary, according to a health system evaluation. Furthermore, individuals from this region are diagnosed to be more susceptible than others to thyroid cancer risk factors. Reporting the prevalence of thyroid cancer, therefore, assists health policymakers in allocating resources for disease control and prevention activities in the region. This supports the growth of the regional market.
The Brazil market dominated the LAMEA Thyroid Ablation Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,006.3 Thousands by 2028. The Argentina market is experiencing a CAGR of 17.6% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 16.7% during (2022 - 2028).
Based on End-use, the market is segmented into Hospitals, Ambulatory Surgical Centers (ASCs), Cancer Specialty Centers and Others. Based on Type, the market is segmented into Radiofrequency Ablation, Microwave Ablation and Others. Based on Application, the market is segmented into Thyroid Cancer and Thyroid Nodules. Based on Product, the market is segmented into Thermal-based Devices and Non-thermal-based Devices. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Thyroid Ablation Devices Market is Predict to reach $289.9 Million by 2028, at a CAGR of 13%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Boston Scientific Corporation, Integra LifeSciences Holdings Corporation, Johnson & Johnson, Theraclion SA, Olympus Corporation, Terumo Corporation, BVM Medical Limited, MedWaves, Inc., and STARmed Co. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By End-use
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Cancer Specialty Centers
- Others
By Type
- Radiofrequency Ablation
- Microwave Ablation
- Others
By Application
- Thyroid Cancer
- Thyroid Nodules
By Product
- Thermal-based Devices
- Non-thermal-based Devices
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Boston Scientific Corporation
- Integra LifeSciences Holdings Corporation
- Johnson & Johnson
- Theraclion SA
- Olympus Corporation
- Terumo Corporation
- BVM Medical Limited
- MedWaves, Inc.
- STARmed Co. Ltd.
TABLE 1 LAMEA Thyroid Ablation Devices Market, 2018 - 2021, USD Thousands
TABLE 2 LAMEA Thyroid Ablation Devices Market, 2022 - 2028, USD Thousands
TABLE 3 LAMEA Thyroid Ablation Devices Market by End-use, 2018 - 2021, USD Thousands
TABLE 4 LAMEA Thyroid Ablation Devices Market by End-use, 2022 - 2028, USD Thousands
TABLE 5 LAMEA Hospitals Market by Country, 2018 - 2021, USD Thousands
TABLE 6 LAMEA Hospitals Market by Country, 2022 - 2028, USD Thousands
TABLE 7 LAMEA Ambulatory Surgical Centers (ASCs) Market by Country, 2018 - 2021, USD Thousands
TABLE 8 LAMEA Ambulatory Surgical Centers (ASCs) Market by Country, 2022 - 2028, USD Thousands
TABLE 9 LAMEA Cancer Specialty Centers Market by Country, 2018 - 2021, USD Thousands
TABLE 10 LAMEA Cancer Specialty Centers Market by Country, 2022 - 2028, USD Thousands
TABLE 11 LAMEA Others Market by Country, 2018 - 2021, USD Thousands
TABLE 12 LAMEA Others Market by Country, 2022 - 2028, USD Thousands
TABLE 13 LAMEA Thyroid Ablation Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 14 LAMEA Thyroid Ablation Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 15 LAMEA Radiofrequency Ablation Market by Country, 2018 - 2021, USD Thousands
TABLE 16 LAMEA Radiofrequency Ablation Market by Country, 2022 - 2028, USD Thousands
TABLE 17 LAMEA Microwave Ablation Market by Country, 2018 - 2021, USD Thousands
TABLE 18 LAMEA Microwave Ablation Market by Country, 2022 - 2028, USD Thousands
TABLE 19 LAMEA Others Market by Country, 2018 - 2021, USD Thousands
TABLE 20 LAMEA Others Market by Country, 2022 - 2028, USD Thousands
TABLE 21 LAMEA Thyroid Ablation Devices Market by Application, 2018 - 2021, USD Thousands
TABLE 22 LAMEA Thyroid Ablation Devices Market by Application, 2022 - 2028, USD Thousands
TABLE 23 LAMEA Thyroid Cancer Market by Country, 2018 - 2021, USD Thousands
TABLE 24 LAMEA Thyroid Cancer Market by Country, 2022 - 2028, USD Thousands
TABLE 25 LAMEA Thyroid Nodules Market by Country, 2018 - 2021, USD Thousands
TABLE 26 LAMEA Thyroid Nodules Market by Country, 2022 - 2028, USD Thousands
TABLE 27 LAMEA Thyroid Ablation Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 28 LAMEA Thyroid Ablation Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 29 LAMEA Thermal-based Devices Market by Country, 2018 - 2021, USD Thousands
TABLE 30 LAMEA Thermal-based Devices Market by Country, 2022 - 2028, USD Thousands
TABLE 31 LAMEA Non-thermal-based Devices Market by Country, 2018 - 2021, USD Thousands
TABLE 32 LAMEA Non-thermal-based Devices Market by Country, 2022 - 2028, USD Thousands
TABLE 33 LAMEA Thyroid Ablation Devices Market by Country, 2018 - 2021, USD Thousands
TABLE 34 LAMEA Thyroid Ablation Devices Market by Country, 2022 - 2028, USD Thousands
TABLE 35 Brazil Thyroid Ablation Devices Market, 2018 - 2021, USD Thousands
TABLE 36 Brazil Thyroid Ablation Devices Market, 2022 - 2028, USD Thousands
TABLE 37 Brazil Thyroid Ablation Devices Market by End-use, 2018 - 2021, USD Thousands
TABLE 38 Brazil Thyroid Ablation Devices Market by End-use, 2022 - 2028, USD Thousands
TABLE 39 Brazil Thyroid Ablation Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 40 Brazil Thyroid Ablation Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 41 Brazil Thyroid Ablation Devices Market by Application, 2018 - 2021, USD Thousands
TABLE 42 Brazil Thyroid Ablation Devices Market by Application, 2022 - 2028, USD Thousands
TABLE 43 Brazil Thyroid Ablation Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 44 Brazil Thyroid Ablation Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 45 Argentina Thyroid Ablation Devices Market, 2018 - 2021, USD Thousands
TABLE 46 Argentina Thyroid Ablation Devices Market, 2022 - 2028, USD Thousands
TABLE 47 Argentina Thyroid Ablation Devices Market by End-use, 2018 - 2021, USD Thousands
TABLE 48 Argentina Thyroid Ablation Devices Market by End-use, 2022 - 2028, USD Thousands
TABLE 49 Argentina Thyroid Ablation Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 50 Argentina Thyroid Ablation Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 51 Argentina Thyroid Ablation Devices Market by Application, 2018 - 2021, USD Thousands
TABLE 52 Argentina Thyroid Ablation Devices Market by Application, 2022 - 2028, USD Thousands
TABLE 53 Argentina Thyroid Ablation Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 54 Argentina Thyroid Ablation Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 55 UAE Thyroid Ablation Devices Market, 2018 - 2021, USD Thousands
TABLE 56 UAE Thyroid Ablation Devices Market, 2022 - 2028, USD Thousands
TABLE 57 UAE Thyroid Ablation Devices Market by End-use, 2018 - 2021, USD Thousands
TABLE 58 UAE Thyroid Ablation Devices Market by End-use, 2022 - 2028, USD Thousands
TABLE 59 UAE Thyroid Ablation Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 60 UAE Thyroid Ablation Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 61 UAE Thyroid Ablation Devices Market by Application, 2018 - 2021, USD Thousands
TABLE 62 UAE Thyroid Ablation Devices Market by Application, 2022 - 2028, USD Thousands
TABLE 63 UAE Thyroid Ablation Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 64 UAE Thyroid Ablation Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 65 Saudi Arabia Thyroid Ablation Devices Market, 2018 - 2021, USD Thousands
TABLE 66 Saudi Arabia Thyroid Ablation Devices Market, 2022 - 2028, USD Thousands
TABLE 67 Saudi Arabia Thyroid Ablation Devices Market by End-use, 2018 - 2021, USD Thousands
TABLE 68 Saudi Arabia Thyroid Ablation Devices Market by End-use, 2022 - 2028, USD Thousands
TABLE 69 Saudi Arabia Thyroid Ablation Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 70 Saudi Arabia Thyroid Ablation Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 71 Saudi Arabia Thyroid Ablation Devices Market by Application, 2018 - 2021, USD Thousands
TABLE 72 Saudi Arabia Thyroid Ablation Devices Market by Application, 2022 - 2028, USD Thousands
TABLE 73 Saudi Arabia Thyroid Ablation Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 74 Saudi Arabia Thyroid Ablation Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 75 South Africa Thyroid Ablation Devices Market, 2018 - 2021, USD Thousands
TABLE 76 South Africa Thyroid Ablation Devices Market, 2022 - 2028, USD Thousands
TABLE 77 South Africa Thyroid Ablation Devices Market by End-use, 2018 - 2021, USD Thousands
TABLE 78 South Africa Thyroid Ablation Devices Market by End-use, 2022 - 2028, USD Thousands
TABLE 79 South Africa Thyroid Ablation Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 80 South Africa Thyroid Ablation Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 81 South Africa Thyroid Ablation Devices Market by Application, 2018 - 2021, USD Thousands
TABLE 82 South Africa Thyroid Ablation Devices Market by Application, 2022 - 2028, USD Thousands
TABLE 83 South Africa Thyroid Ablation Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 84 South Africa Thyroid Ablation Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 85 Nigeria Thyroid Ablation Devices Market, 2018 - 2021, USD Thousands
TABLE 86 Nigeria Thyroid Ablation Devices Market, 2022 - 2028, USD Thousands
TABLE 87 Nigeria Thyroid Ablation Devices Market by End-use, 2018 - 2021, USD Thousands
TABLE 88 Nigeria Thyroid Ablation Devices Market by End-use, 2022 - 2028, USD Thousands
TABLE 89 Nigeria Thyroid Ablation Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 90 Nigeria Thyroid Ablation Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 91 Nigeria Thyroid Ablation Devices Market by Application, 2018 - 2021, USD Thousands
TABLE 92 Nigeria Thyroid Ablation Devices Market by Application, 2022 - 2028, USD Thousands
TABLE 93 Nigeria Thyroid Ablation Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 94 Nigeria Thyroid Ablation Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 95 Rest of LAMEA Thyroid Ablation Devices Market, 2018 - 2021, USD Thousands
TABLE 96 Rest of LAMEA Thyroid Ablation Devices Market, 2022 - 2028, USD Thousands
TABLE 97 Rest of LAMEA Thyroid Ablation Devices Market by End-use, 2018 - 2021, USD Thousands
TABLE 98 Rest of LAMEA Thyroid Ablation Devices Market by End-use, 2022 - 2028, USD Thousands
TABLE 99 Rest of LAMEA Thyroid Ablation Devices Market by Type, 2018 - 2021, USD Thousands
TABLE 100 Rest of LAMEA Thyroid Ablation Devices Market by Type, 2022 - 2028, USD Thousands
TABLE 101 Rest of LAMEA Thyroid Ablation Devices Market by Application, 2018 - 2021, USD Thousands
TABLE 102 Rest of LAMEA Thyroid Ablation Devices Market by Application, 2022 - 2028, USD Thousands
TABLE 103 Rest of LAMEA Thyroid Ablation Devices Market by Product, 2018 - 2021, USD Thousands
TABLE 104 Rest of LAMEA Thyroid Ablation Devices Market by Product, 2022 - 2028, USD Thousands
TABLE 105 Key Information – Medtronic PLC
TABLE 106 key Information – Boston Scientific Corporation
TABLE 107 Key Information – Integra LifeSciences Holdings Corporation
TABLE 108 Key information –Johnson & Johnson
TABLE 109 Key Information – Theraclion SA
TABLE 110 key Information – Olympus Corporation
TABLE 111 Key Information – Terumo Corporation
TABLE 112 Key Information – BVM Medical Limited
TABLE 113 Key Information – MedWaves, Inc.
TABLE 114 Key Information – StarMed Co. Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Medtronic plc