PORTLAND, Oregon and PUNE, India, November 17, 2016 /PRNewswire/ -- Ablation Devices Market by Technology (Thermal Ablation, Electrical, Radiation, Radiofrequency, Ultrasound, Microwave, Hydrothermal, Non-Thermal Ablation, Cryoablation) would reach $6,658 million by 2022 from $3,047 million in 2015, growing at a CAGR of 11.7% during the forecast period. Thermal ablation devices segment is estimated to dominate the market throughout the analysis period. About two-thirds of the world ablation devices market share was captured by cardiovascular and cancer segment in 2015. (Logo: http://photos.prnewswire.com/prnh/20140911/647229 ) Summary of theAblation DevicesMarket Report can be accessed on the website at:https://www.alliedmarketresearch.com/ablation-devices-market Ablation is a minimally invasive procedure that treats various chronic diseases such as cancer and pulmonary conditions, as well as used for aesthetic procedures. The market is expected to grow at a significant rate due to various advantages of ablation procedures (short time duration, minimized blood loss and damage to healthy organs and tissues, operator friendly) over conventional methods such as chemotherapy, as it has high side-effects. The introduction of innovative and advanced ablation technologies and the increase in the prevalence of chronic diseases and awareness about the procedure would contribute towards the market growth. However, the market growth is hindered by unstable reimbursement policies, stringent government regulations, limited awareness, and high cost of the procedure. According to Onkar Sumant, Research Analyst at Allied Market Research " Ophthalmology segment would be the most lucrative segment for investment in the ablation devices market for the new as well as existing players. This is because there are numerous players, products, and patents already available in the market for cancer and cardiology ablation devices, making the competitive rivalry intense. However, ophthalmology segment has untapped areas that could provide great opportunities for new entrants as well as existing players". Thermal segment dominated the world ablation devices market in 2015 and is expected to continue with its dominance throughout the forecast period. This is attributed to the various applications of thermal ablation devices for cancer and cardiovascular surgeries. However, owing to the higher success rate and advantages, non-thermal technologies is estimated to be the fastest growing segment propelling at an estimated CAGR of 17.7%.