Ablation Equipment

Ablation Equipment Market Outlook

The global ablation equipment market is projected to reach USD 6.5 billion by 2035, growing at a CAGR of 12.5% during the forecast period of 2025 to 2035. The growth of this market is attributed to the increasing prevalence of chronic diseases requiring ablation procedures, advancements in ablation technologies, and a rise in the geriatric population. Additionally, there is an increasing demand for minimally invasive surgical procedures, which offer shorter recovery times and reduced complications. Moreover, supportive government initiatives and improved healthcare infrastructure are further propelling the market's growth. The rising awareness regarding novel treatment options in various medical fields, including oncology and cardiology, is also expected to drive market expansion in the coming years.

Growth Factor of the Market

One of the primary growth factors for the ablation equipment market is the increasing incidence of cardiovascular diseases and cancer, which are driving the demand for effective treatment solutions. The advancement in medical technologies has led to the development of more sophisticated and efficient ablation devices, which has significantly improved patient outcomes. Additionally, the shift towards outpatient procedures and the rising prevalence of lifestyle-related diseases are further boosting the demand for ablation equipment. Healthcare professionals are increasingly adopting minimally invasive techniques, which not only enhance precision but also reduce surgery-related complications. Furthermore, the rise in investments in healthcare research and development is fostering innovation in ablation technologies, making them more accessible and efficient for various medical applications.

Key Highlights of the Market

• The global ablation equipment market is expected to witness a robust growth rate, driven by increasing chronic disease prevalence.
• Technological advancements in ablation equipment are leading to better patient outcomes and enhanced procedural efficiency.
• Minimally invasive surgical procedures are gaining popularity, thus boosting the demand for ablation devices.
• The rising elderly population is contributing to the increased demand for ablation surgeries.
• Government initiatives aimed at improving healthcare services are propelling market growth.

By Product Type

Radiofrequency Ablation Equipment:

Radiofrequency ablation (RFA) equipment is widely used in the treatment of various conditions, including cardiac arrhythmias and certain types of tumors. The equipment operates by delivering high-frequency electrical energy to heat target tissues, leading to their destruction. Its popularity stems from its effectiveness in performing minimally invasive surgeries, leading to shorter recovery times and reduced complications. As a result, the RFA segment is anticipated to dominate the ablation equipment market due to its established efficacy and growing adoption rates in both hospitals and outpatient settings. Moreover, continuous technological advancements, such as the incorporation of real-time imaging, are enhancing the precision of RFA procedures, further boosting its market share.

Cryoablation Equipment:

Cryoablation equipment employs extreme cold to destroy abnormal tissues, making it particularly effective in treating conditions like prostate cancer and certain types of cardiac arrhythmias. The growing awareness of the benefits of cryoablation, including its ability to minimize damage to surrounding tissues, is driving its adoption in clinical settings. Furthermore, the increase in clinical trials and research promoting cryoablation techniques is expected to propel the segment's growth. As healthcare providers look for safer alternatives to traditional surgical methods, cryoablation equipment's market presence continues to rise, addressing the needs of both patients and practitioners seeking effective treatment options.

Microwave Ablation Equipment:

Microwave ablation (MWA) equipment uses microwave energy to generate heat, effectively targeting and destroying cancerous cells. This method is gaining traction due to its rapid treatment times and ability to treat larger tumors compared to other ablation techniques. With advancements in microwave technology, the precision of these procedures has improved significantly, making it a preferred choice among healthcare professionals. The increasing prevalence of liver and lung cancers has further accelerated the growth of this segment, as MWA is particularly effective in treating such malignancies. As a result, the microwave ablation equipment market is poised for substantial growth in the coming years, supported by ongoing research and positive clinical outcomes.

Laser Ablation Equipment:

Laser ablation equipment is utilized in a variety of applications, ranging from dermatological procedures to cancer treatments. This technology employs focused light to vaporize or eliminate tissue with minimal damage to surrounding areas. The versatility and effectiveness of laser ablation make it a popular choice in both surgical and cosmetic procedures. With continuous advancements in laser technology, such as the development of new wavelengths and energy delivery systems, the laser ablation segment is expected to witness significant growth. Increasing demand for cosmetic surgeries and non-invasive treatments is also contributing to the rising popularity of laser ablation equipment, enhancing its market share in the broader ablation landscape.

Ultrasound Ablation Equipment:

Ultrasound ablation equipment utilizes high-frequency sound waves to generate heat and destroy targeted tissues. This non-invasive technique is gaining popularity due to its ability to achieve precise targeting with minimal damage to surrounding tissues. The growing demand for non-invasive treatment options, particularly for conditions such as fibroids and certain tumors, is driving the adoption of ultrasound ablation equipment. Furthermore, ongoing innovations in ultrasound technology, including real-time imaging capabilities, are enhancing the accuracy and effectiveness of procedures. As more healthcare providers recognize the benefits of ultrasound ablation, this segment is expected to expand significantly within the ablation equipment market.

By Application

Cardiology:

The application of ablation equipment in cardiology is primarily for treating cardiac arrhythmias, particularly atrial fibrillation. As the prevalence of heart diseases rises, the demand for effective treatment options is increasing, making cardiology the leading application segment in the ablation equipment market. Advanced techniques such as catheter ablation are now widely used, allowing for minimally invasive procedures that reduce hospital stays and recovery times. The continuous innovations in ablation technologies are enhancing the precision and effectiveness of these procedures, fostering greater adoption within cardiology. With ongoing research supporting the efficacy of ablation as a treatment option, this segment is expected to witness sustained growth in the coming years.

Oncology:

Ablation equipment plays a crucial role in oncology, particularly in the treatment of tumors in organs such as the liver and lungs. Techniques such as radiofrequency, microwave, and cryoablation are commonly employed to target and destroy malignant tissues effectively. The rising incidence of cancer globally is driving the demand for innovative treatment options, which is propelling the growth of the oncology segment within the ablation equipment market. Additionally, advancements in imaging technologies have improved the precision of ablation procedures, leading to better patient outcomes. As healthcare providers continue to explore effective cancer treatment modalities, the oncology application segment is poised for significant expansion.

Gynecology:

In gynecology, ablation equipment is primarily used for the treatment of conditions such as uterine fibroids and endometrial ablation procedures. The growing awareness of minimally invasive surgical options among patients is driving the demand for these procedures. As a result, healthcare providers are increasingly adopting ablation technologies for gynecological applications, recognizing their benefits in reducing recovery times and improving quality of life. The rise in the prevalence of gynecological disorders is further fueling the growth of this segment. With ongoing advancements in ablation techniques and an expanding patient base, the gynecology application segment is expected to witness robust growth in the coming years.

Orthopedics:

Ablation equipment is finding its place in orthopedics, primarily for treating various musculoskeletal conditions, such as osteoarthritis and spinal disc issues. Techniques like radiofrequency ablation are utilized to target and ablate nerve tissues, providing pain relief for patients. The increasing prevalence of orthopedic conditions, particularly among the aging population, is driving the demand for effective treatment options. As more healthcare professionals recognize the advantages of minimally invasive procedures, the orthopedic application segment is expected to grow significantly. Moreover, ongoing research into the effectiveness of ablation techniques in orthopedic applications is likely to further boost this segment's market presence.

Urology:

Ablation equipment is increasingly being used in urology, especially for treating kidney tumors and benign prostatic hyperplasia. Techniques such as cryoablation and radiofrequency ablation are gaining traction due to their effectiveness in destroying abnormal tissues with minimal invasiveness. The rising incidence of urological conditions, coupled with a growing preference for outpatient procedures, is driving the growth of the urology application segment. Furthermore, advancements in imaging technologies that enhance the precision of urological ablation procedures are expected to contribute to market expansion. As awareness of treatment options grows, the adoption of ablation technologies in urology will continue to rise.

By User

Hospitals:

Hospitals are the primary users of ablation equipment, as they offer a wide range of surgical services and have the necessary infrastructure to support advanced medical technologies. The increasing number of surgical procedures performed in hospitals, along with the growing prevalence of chronic diseases, is driving the demand for ablation equipment in this sector. Hospitals are continuously adopting innovative technologies to enhance patient care and improve surgical outcomes, leading to a growing preference for minimally invasive ablation techniques. The integration of ablation procedures into hospital surgical protocols is expected to continue expanding, further solidifying hospitals' position as key users of ablation equipment.

Ambulatory Surgical Centers:

Ambulatory surgical centers (ASCs) are gaining traction as preferred locations for performing minimally invasive procedures, including ablation surgeries. The growing demand for outpatient services and the increasing prevalence of chronic conditions are driving the adoption of ablation equipment in ASCs. These centers offer patients the benefit of shorter recovery times and lower costs compared to traditional hospital settings. As more healthcare providers recognize the advantages of ASCs, the demand for ablation technologies in this sector is expected to rise. The ability of ASCs to provide high-quality care while reducing healthcare costs will continue to promote their growth as significant users of ablation equipment.

Specialty Clinics:

Specialty clinics are increasingly utilizing ablation equipment for specific medical procedures, such as pain management or treatment of specific diseases. These clinics often focus on targeted therapies, making them key players in the ablation equipment market. The rise in the number of specialty clinics, along with the growing patient preference for targeted treatments, is driving the demand for ablation equipment in this segment. Additionally, specialty clinics are known for their patient-centric approaches and shorter waiting times, enhancing their appeal to patients. As the focus on specialized care continues to grow, the role of specialty clinics in the ablation equipment market is expected to expand significantly.

Research Institutes:

Research institutes play a crucial role in advancing the field of ablation technology through clinical studies and trials. These organizations are often at the forefront of innovation, conducting research that leads to the development of new techniques and equipment. The increasing focus on research and development in healthcare is driving the demand for ablation equipment in research settings. Research institutes often collaborate with healthcare providers and device manufacturers to explore the efficacy of various ablation methods. As research continues to yield new insights and technologies, the involvement of research institutes in the ablation equipment market will be instrumental in shaping its future.

By Modality

Radiofrequency Ablation:

Radiofrequency ablation (RFA) remains one of the most extensively used modalities in the ablation equipment market. RFA is employed in various medical applications, primarily for treating cardiac arrhythmias and tumors. The technology uses high-frequency electrical energy to heat and destroy abnormal tissues while minimizing damage to surrounding healthy tissues. Its effectiveness, coupled with advancements in catheter technology, has led to increased adoption in clinical settings. The ability to perform RFA procedures in outpatient settings further enhances its appeal among healthcare providers. As the prevalence of conditions amenable to RFA treatment continues to rise, this modality is expected to maintain a significant presence in the ablation equipment market.

Microwave Ablation:

Microwave ablation (MWA) is gaining traction as an effective modality for treating various tumors, particularly in the liver and lungs. MWA utilizes microwave energy to generate heat, allowing for the destruction of cancerous cells with minimal impact on surrounding tissues. The rapid treatment times associated with MWA make it an appealing option for both patients and healthcare providers. As the prevalence of certain cancers continues to rise, the demand for microwave ablation equipment is expected to increase significantly. Furthermore, ongoing advancements in microwave technology are enhancing the precision of MWA procedures, contributing to its growing acceptance in the medical community.

Cryoablation:

Cryoablation is a unique modality that uses extreme cold to destroy abnormal tissues, providing an effective treatment option for various conditions, particularly in oncology and urology. This modality is increasingly being adopted due to its ability to target tissues with minimal thermal damage to surrounding areas. The rising awareness of cryoablation's benefits, including reduced pain and faster recovery times, is driving its adoption in clinical settings. As healthcare providers continue to explore innovative treatment options, cryoablation is likely to experience substantial growth within the ablation equipment market. Ongoing research and clinical trials further support the efficacy and safety of this modality, promoting its adoption in various medical applications.

By Region

The ablation equipment market is witnessing varied growth across different regions, influenced by factors such as healthcare infrastructure, disease prevalence, and technological advancements. North America holds a significant share of the market, driven by the high prevalence of chronic diseases, advanced healthcare facilities, and substantial investments in healthcare technologies. The region is expected to grow at a CAGR of 11% during the forecast period, as healthcare providers increasingly adopt minimally invasive techniques. Europe is also witnessing significant growth, supported by an aging population and rising awareness of advanced treatment options. The presence of well-established healthcare systems and ongoing investments in research and development are further driving the market's growth in this region.

In the Asia Pacific region, the ablation equipment market is set to experience rapid growth due to the rising incidence of chronic diseases and increasing healthcare expenditures. The region is becoming a hub for medical technology innovation, with governments focusing on improving healthcare access and quality. Additionally, the growing number of healthcare facilities and an increasing population are contributing to the demand for ablation equipment. Latin America and the Middle East & Africa are also emerging markets for ablation technologies, although they currently represent a smaller share compared to North America and Europe. As these regions continue to develop their healthcare infrastructure, the demand for ablation procedures and equipment is expected to grow steadily.

Opportunities

The ablation equipment market presents numerous opportunities, particularly in emerging markets where healthcare infrastructure is rapidly improving. As countries in regions such as Asia Pacific and Latin America invest in healthcare systems, there will be an increased demand for advanced medical technologies, including ablation equipment. These markets offer a unique opportunity for manufacturers and suppliers to expand their reach and tap into new customer bases. Furthermore, the rising prevalence of chronic diseases and an aging population in these regions will continue to drive the demand for effective treatment options, creating a favorable environment for growth in the ablation equipment market. Additionally, partnerships and collaborations between healthcare providers and technology developers can lead to innovative solutions, enhancing treatment efficacy and patient outcomes.

Another promising opportunity lies in the continuous advancements in ablation technologies. As researchers and healthcare providers explore new modalities and techniques, there is potential for the development of more effective and safer ablation equipment. Innovations such as improved imaging technologies, enhanced precision instruments, and novel energy sources can further expand the applications of ablation procedures across various medical fields. Moreover, the increasing focus on personalized medicine and targeted therapies will drive demand for specialized ablation solutions tailored to individual patient needs. As the market landscape evolves, companies that invest in research and development and adapt to emerging trends will be well-positioned to capitalize on the growing opportunities in the ablation equipment market.

Threats

The ablation equipment market faces several threats that could impact its growth trajectory. One of the primary concerns is the regulatory landscape, as stringent approval processes for medical devices can delay the launch of new technologies and limit market entry for smaller companies. Additionally, the high costs associated with developing and manufacturing advanced ablation equipment may deter some manufacturers from entering the market, leading to reduced competition. Moreover, the potential for adverse events and complications related to ablation procedures can lead to negative perceptions among healthcare providers and patients, impacting the adoption of these technologies. Furthermore, economic fluctuations and changes in healthcare reimbursement policies can create uncertainties in the market, affecting investments and spending on ablation equipment.

Another significant threat is the rapid technological advancements that could render existing ablation equipment obsolete. As new modalities and techniques emerge, companies must continuously innovate and upgrade their offerings to remain competitive. Failure to keep pace with technological advancements may result in lost market share and diminished brand reputation. Additionally, the growing trend towards non-invasive treatment alternatives poses a challenge, as patients and healthcare providers may prefer these options over traditional ablation procedures. As the market evolves, companies must be vigilant in addressing these threats and adapting their strategies to maintain their position in the ablation equipment landscape.

Competitor Outlook

• Medtronic
• Johnson & Johnson
• Boston Scientific Corporation
• Abbott Laboratories
• Smith & Nephew
• Hologic Inc.
• AngioDynamics
• EDAP TMS S.A.
• Olympus Corporation
• Stryker Corporation
• Conmed Corporation
• Merit Medical Systems, Inc.
• Bioventus
• Surmodics, Inc.
• InSightec

The competitive landscape of the ablation equipment market is characterized by the presence of several key players, each striving to enhance their product offerings and expand their market share. Major companies such as Medtronic, Boston Scientific Corporation, and Johnson & Johnson dominate the market with their comprehensive ranges of ablation products, bolstered by strong research and development initiatives. These companies are focused on innovation, continuously introducing advanced technologies that improve the effectiveness and safety of ablation procedures. Their significant investments in R&D enable them to stay ahead in a rapidly evolving market and respond effectively to changing healthcare demands.

Additionally, companies like Abbott Laboratories and Stryker Corporation are expanding their portfolios through strategic acquisitions and collaborations. This approach allows them to enhance their technological capabilities and gain access to new markets. As competition intensifies, companies are also focusing on partnerships with healthcare providers and research institutions to foster innovation and improve patient outcomes. Furthermore, the introduction of specialized ablation devices tailored for specific medical applications is becoming a key strategy for companies aiming to differentiate themselves in the market.

Emerging players like EDAP TMS S.A. and InSightec are also making significant strides in the ablation equipment market. These companies are often at the forefront of new technologies and techniques, leveraging their expertise to offer unique solutions. For instance, InSightec is known for its innovative focused ultrasound technology, which has garnered attention for its non-invasive treatment options. As smaller companies and startups continue to innovate and disrupt the market, established players must adapt to maintain their competitive edge. Overall, the ablation equipment market is poised for continued growth, driven by technological advancements and the ongoing need for effective treatment options in various medical fields.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Bioventus
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 InSightec
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Medtronic
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Hologic Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 AngioDynamics
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 EDAP TMS S.A.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Smith & Nephew
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Surmodics, Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Johnson & Johnson
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Conmed Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Abbott Laboratories
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Olympus Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Stryker Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Merit Medical Systems, Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Boston Scientific Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Ablation Equipment Market, By User
    • 6.1.1 Hospitals
    • 6.1.2 Ambulatory Surgical Centers
    • 6.1.3 Specialty Clinics
    • 6.1.4 Research Institutes
  • 6.2 Ablation Equipment Market, By Modality
    • 6.2.1 Radiofrequency Ablation
    • 6.2.2 Microwave Ablation
    • 6.2.3 Cryoablation
  • 6.3 Ablation Equipment Market, By Application
    • 6.3.1 Cardiology
    • 6.3.2 Oncology
    • 6.3.3 Gynecology
    • 6.3.4 Orthopedics
    • 6.3.5 Urology
  • 6.4 Ablation Equipment Market, By Product Type
    • 6.4.1 Radiofrequency Ablation Equipment
    • 6.4.2 Cryoablation Equipment
    • 6.4.3 Microwave Ablation Equipment
    • 6.4.4 Laser Ablation Equipment
    • 6.4.5 Ultrasound Ablation Equipment

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Ablation Equipment Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Ablation Equipment market is categorized based on

By Product Type

• Radiofrequency Ablation Equipment
• Cryoablation Equipment
• Microwave Ablation Equipment
• Laser Ablation Equipment
• Ultrasound Ablation Equipment

By Application

• Cardiology
• Oncology
• Gynecology
• Orthopedics
• Urology

By User

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Research Institutes

By Modality

• Radiofrequency Ablation
• Microwave Ablation
• Cryoablation

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Medtronic
• Johnson & Johnson
• Boston Scientific Corporation
• Abbott Laboratories
• Smith & Nephew
• Hologic Inc.
• AngioDynamics
• EDAP TMS S.A.
• Olympus Corporation
• Stryker Corporation
• Conmed Corporation
• Merit Medical Systems, Inc.
• Bioventus
• Surmodics, Inc.
• InSightec