Global MRI Guided Neuro Ablation Devices Market - MRI Guided RF Ablation System, Dvelopment, Trends and Forecast to 2024

The global MRI guided neuro ablation devices market is predicted to grow at 5.3% CAGR during the forecast period with the market size reaching USD 175.6 million by 2024. Different products such as MRI guided RF ablation system, MRI guided focused ultrasound systems, and MRI guided laser therapy system are majorly contributing to the MRI guided neuro ablation devices market size. The market has witnessed significant demand for MRI guided RF ablation system over the last few years due to mounting awareness of minimally invasive surgery.

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Key factors hindering the growth of the MRI guided neuro ablation devices market are limited awareness among patient about the treatment brain tumor in developing countries, high cost, and a limited workforce. In addition, the dearth of skilled professionals is also having a negative impact on the growth of the market.

Geographically, North America is the largest MRI guided neuro ablation devices market as the region geriatric population is increasing and favorable reimbursements policies. In addition, the mounting occurrence of cancer, escalating healthcare expenditure, changing lifestyle, and escalating awareness of minimally invasive surgery are also fueling the growth of the North American MRI guided neuro ablation devices market. For instance, according to GLOBOCAN in the U.S., approximately 1.6 million new cancer cases were diagnosed and there were 0.6 million cancer deaths in 2012.

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Asia-Pacific is observed to witness significant growth in the MRI guided neuro ablation devices market during the forecast period, as the region comprises of a large population and expanding the geriatric population. Moreover, mounting occurrence cancer, refining healthcare infrastructure, mounting awareness of minimally invasive surgery, and escalating healthcare expenditure are also facilitating the significant growth of Asia-Pacific MRI guided neuro ablation devices industry.

Market players in the MRI guided neuro ablation devices industry are investing capital to develop technologically advanced systems. In April 2018, Medtronic Plc launched the Visualase, an MRI-guided laser ablation system in Europe. The system offers advanced MRI-guided laser ablation technology which is used in neurosurgery procedures. Medtronic Plc, Insightec Ltd, Monteris Medical Inc, Boston Scientific Corporation, AngioDynamics Inc, and MRI Intervention Inc. are some of the key players offering solutions for MRI guided neuro ablation devices.

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