Tumor Ablation Market to Reflect Tremendous Growth Potential with A CAGR of 11.2% BY 2026
The Tumor Ablation market, valued at USD 973.4 million in 2018, is anticipated to exhibit a robust CAGR of 11.2%, projecting a surpassing of USD 2.30 billion by 2026. This growth is fueled by the rising prevalence of chronic diseases, notably cancer, coupled with the enhanced efficiency of tumor ablation techniques. The escalating demand for noninvasive procedures and continual technological advancements in tumor ablation equipment contribute significantly to the market's expansion.
The economic impact of cancer is on the rise due to the increasing incidence among the population, driving the demand for cancer treatment. The total annual cost in 2010 was approximately USD 1.16 trillion. As tumor ablation continues to be explored for various diseases and applications, uncharted medical conditions present lucrative opportunities for market growth.
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