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Ablation Technology Market worth $9.62 billion by 2029 driven by Emerging Tech Innovations | MarketsandMarkets™

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CHICAGO, Aug. 23, 2024 /PRNewswire/ — The global Ablation Technology Market is valued at an estimated USD 6.11 billion in 2024 and is projected to reach USD 9.62 billion by 2029 at a CAGR of 9.5% during the forecast period. The ablation technology market is driven by expanding access to healthcare, a preference for minimally invasive treatments, and the application of ablation procedures in new fields. Key factors include rising public awareness campaigns, increasing global healthcare expenditure, and supportive reimbursement policies. Emerging markets like India and China present significant growth opportunities due to expanding private healthcare sectors and growing patient populations. However, challenges include rigorous regulatory frameworks and therapeutic complications such as adverse effects from cryogenic gases. The market is segmented by technology, with radiofrequency ablation leading in 2023 due to its safety and efficacy. Consumables dominate by product type, driven by increased oncological surgeries and the need for single-use devices. Cardiovascular disease treatment holds the largest application share, while hospitals, surgical centers, and ablation centers are the primary end users. North America, particularly the US, is expected to remain the largest market due to its technological advancements and supportive healthcare infrastructure. Major players include Johnson & Johnson, Medtronic, Boston Scientific, Abbott, and Atricure.

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Johnson & Johnson: Innovator in Ablation Technology

Johnson & Johnson (US) is a prominent player in the ablation technology market through its subsidiaries, Ethicon Inc. and Biosense Webster, Inc. The company specializes in pulsed field ablation platforms and therapeutic catheters. To expand its portfolio, Johnson & Johnson acquired Laminar, Inc. (US), enhancing its capabilities in this field. Committed to advancing patient outcomes, the company invests significantly in research and development. With 89 manufacturing facilities, primarily in the US, Johnson & Johnson offers its products globally through direct presence and various distribution channels.

Medtronic Plc: Global Leader in Ablation Solutions

Medtronic Plc (US) is a major force in the ablation technology market, operating in over 150 countries across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. The company provides cardiac ablation solutions through its cardiac rhythm & heart failure segment and offers gastrointestinal and endoscopy ablation systems under its Medical Surgical Portfolio. Additionally, Medtronic’s neuromodulation division supplies tumor ablation systems. Its global presence and extensive reach support its robust position in the market.

Boston Scientific Corporation: Strategic Innovator in Ablation Technology

Boston Scientific Corporation (US) is a key player in the ablation technology market, focusing on innovation and strategic acquisitions. The company acquired Lumenis LTD (Israel), known for its laser systems, and strengthened its electrophysiology portfolio by purchasing Farapulse, Inc. (US) and Relievant Medsystems, Inc. (US). With 15 manufacturing facilities worldwide, including eight in the US and Puerto Rico, and distribution centers across major regions, Boston Scientific continues to drive growth through strategic investments and global presence.

Abbott: Expanding Its Ablation Technology Portfolio

Abbott (US) provides ablation devices and catheters under its electrophysiology subsegment. Operating through 291 international and 100 domestic subsidiaries, including Abbott GmbH & Co., KG (Germany) and Abbott Cardiovascular, Inc. (US), Abbott offers a wide range of products globally. The company’s acquisition of Cardiovascular Systems Inc. (US) has enhanced its portfolio with alternative solutions for vascular disease treatment. Abbott’s global reach and strategic acquisitions underline its commitment to expanding its ablation technology offerings.

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Product Segment: Consumables Dominate Ablation Technology Market

The ablation technology market is divided into two primary segments: ablation systems and consumables. In 2023, the consumables segment held the largest market share. This dominance is driven by a growing patient population, increasing awareness of early detection, and advancements in consumable technologies. These factors have significantly boosted demand for consumables in the market.

Application Segment: Cardiovascular Disease Treatment Leads Market

The market is segmented by application into cardiovascular disease treatment, cancer treatment, orthopedic treatment, cosmetic/aesthetic treatment, urological treatment, gynecological treatment, pain management, ophthalmological treatment, and other applications. In 2023, cardiovascular disease treatment was the largest segment. The segment’s growth is fueled by a rise in global cardiovascular disease cases, new product launches and approvals for cardiac ablation solutions, and supportive reimbursement policies.

End User Segment: Hospitals and Surgical Centers Lead Market

End users of ablation technology include hospitals, surgical centers, ablation centers, ambulatory surgical centers, medical spas, aesthetic clinics, dermatology clinics, and other facilities. In 2023, hospitals, surgical centers, and ablation centers held the largest market share. The increase in hospital numbers and partnerships with insurance companies allows for investment in advanced ablation technologies, leading to broader adoption and improved patient care.

Regional Insights: North America Holds Largest Market Share

The ablation technology market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2023, North America accounted for the largest market share, followed by Europe and Asia Pacific. Asia Pacific is anticipated to exhibit the highest growth rate from 2024 to 2029. North America’s market dominance is attributed to the presence of major players, high incidence of relevant diseases, and robust research activities.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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July 23, 2026

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

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SOURCE XLCS Partners, Inc.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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2 minutes ago

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July 23, 2026

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

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SOURCE XLCS Partners, Inc.

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Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

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July 23, 2026

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Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

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SOURCE Fathom AI Inc.

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