Technavio Announces the Publication of its Research Report – Global Cryoablation Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global cryoablation systems market: CooperSurgical, Galil Medical, and Medtronic.

Other Prominent Vendors in the market are: ACS Myanmar Medical, AtriCure, BVM Medical, Channel Medsystems, CPSI Biotech, ForTec Medical, HealthTronics, IRANBEHDASHT, ICECURE MEDICAL, METRUM CRYOFLEX, PENTAX Medical, Sanarus, and Solution Medical.

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Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased efficiency of cryoimmunotherapy. Immunotherapy with the help of cryoablation is a growing market trend, which can increase the adoption of cryoablation systems and thereby increase profits of manufacturers. Cryoimmunotherapy is considered to be an effective therapy for the diagnosis of malignant cells or tumors.

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According to the report, one driver in the market is preference for cryoablation over RF. Increased precision and accuracy of cryoablation devices has led to an increase in adoption worldwide. The surgeries performed using cryoablation devices are less invasive and lead to lesser complications compared with conventional resection procedures. Catheter cryoablation (CRYO) is regarded as one of the latest and most efficient approach for the treatment of cardiac arrhythmia over RF. The lesion to carry out the procedure with the help of cryoablation systems are well circumscribed with the requirement of minimal thrombus and preservation of the extracellular matrix.

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Further, the report states that one challenge in the market is high cost of cryoablation procedures. The cost of cryosurgeries is high compared to the many tissue ablation procedures. AF treatment with the help of cryoablation system is expensive. The average Medicare reimbursement is $9,500 for uncomplicated AF ablation. According to a study conducted by Stony Brook University in 2016, the cost of cryoablation was high compared and RF ablation procedures. The 1276 patient suffering from cardiovascular disease and additional arrhythmias underwent cryoablation procedures. Sensitivity models showed higher costs in both Cryo sub-groups compared with RF.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.