Report Overview

The global microwave ablation market size was valued at USD 342.81 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.91% from 2023 to 2030. The growth of the market is attributed to the increase in liver, lung, bone, and kidney cancer incidences worldwide. A growing number of procedures using the image-guided gadget are also anticipated to propel market expansion. Microwave ablation devices are anticipated to increase in popularity in the near future due to technological developments and a growing preference for minimally invasive procedures. However, the high cost of the equipment used in microwave ablation operations and the surgeons' preference for radiofrequency ablation equipment over microwave ablation (MWA) equipment are impeding the market expansion.

(Source: US Microwave Ablation Market)