Global Thyroid Ablation Devices Market By Product (Radioactive Iodine Ablation, Image-guided Ablation, Thyroid Radiofrequency Ablation), By End-Users (Hospitals, Cancer Research Organizations, Radiotherapy Centers, Research & Development Companies), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

The thyroid gland is positioned in the lower frontal area of the neck. It has the shape of a butterfly and is responsible for the production of several hormones that regulate the body’s metabolism. An active thyroid gland that produces a greater number of thyroid hormones, on the other hand, may necessitate ablation (destruction). Thyroid ablation devices are used to remove thyroid nodules that could cause a surge in thyroid hormones or make it difficult for a patient to breathe. Thyroid ablation is also used to reduce the function of any or all of the thyroid gland’s components. These devices are used to ablate thyroid tissue in order to treat certain types of thyroid malignancies.

Detailed Segmentation –

The global thyroid ablation devices market is segmented on the basis of – Product Types, End-Users, and Region. Represented below is a detailed segmental description:

Based on Product Types:

• Radioactive Iodine Ablation
• Image-guided Ablation
• Thyroid Radiofrequency Ablation

Based on End-Users:

• Hospitals
• Cancer Research Organizations
• Radiotherapy Centers
• Research & Development Companies

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics –

Drivers for the Global Thyroid Ablation Devices Market:

The incidence of Hashimoto’s disease is a crucial element propelling the thyroid ablation devices industry forward. Hashimoto’s disease is a chronic inflammatory condition of the thyroid gland that causes larger nodules and hypothyroidism. The nodules must be removed.

Furthermore, the increasing prevalence of thyroid cancer has fueled the demand for thyroid ablation devices in recent years. Thyroid cancer patients may need numerous thyroid ablation treatments to prevent cancer from spreading to other parts of the body. These are certain factors that will help augment this target market in the years to come.

 Restraints for the Global Thyroid Ablation Devices Market:

One of the main challenges impeding on the economic growth of the thyroid ablation devices market is a lack of skilled specialists who are experts in performing thyroid ablation procedures.

 Opportunities for the Global Thyroid Ablation Devices Market:

Malnutrition is a concern in many low-income countries, especially among children and the elderly. Iodine is the most important nutrient missing from the malnourished diets of individuals. Thyroid nodules can develop as a result of an iodine shortage. This factor is expected to create lucrative opportunities for this global industry.

Competitive Landscape –

Key players in this market are –

• HealthTronics
• Galil Medical Inc.
• Angiodynamics
• Misonix Inc.
• Medtronic Plc.
• SonaCare Medical
• Boston Scientific Corporation
• Neuwave Medical Inc.
• EDAP TMS S.A. Covidien Plc
• Theranostic Treatment Services
• Jubilant DraxImage
• Cardinal Health Inc.
• GE Healthcare Bracco Imaging S.p.A.
• Nordion Inc.
• others

These key industry players are now focusing on mergers, partnerships, acquisitions, product developments, and collaboration strategies, in order to sustain their respective competitive edge.

For the Thyroid Ablation Devices Market research study, the following years have been considered to estimate the market size: