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Global Radiofrequency Ablation Devices Market – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global Vascular Access Devices Market: By Product (Central Catheters, Peripheral Catheters, Accessories), By Application (Transfusion of Blood Products, Diagnostic Testing, Medication Administration), By Route of Insertion (Subcutaneous, Intravenous), By End User (Hospitals, Ambulatory Surgery Centers, Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

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Global Radiofrequency Ablation Devices Market: By Product Type (RF Generators, Reusable Products, Disposable Products), By Application (Pain management, Gynecology, Hypertension, Cosmetology, Surgical Oncology, Cardiology & Cardiac Rhythm Management), By End User (Hospitals, Ambulatory Surgical Centers, Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Global radiofrequency ablation devices market was valued at US $ XX Mn and expected to grow at 9.54% Compound Annual Growth Rate (CAGR) over the 2017 to 2023.

 

Market Outline: Radiofrequency Ablation Devices Market

Radiofrequency ablation (RFA) is a procedure used to reduce pain and is also used to treat medical conditions such as cancer tumors with help of imaging techniques. An electrical current produced by a radio wave is used to heat up a small area of nerve tissue, thereby decreasing pain signals from that specific area. RFA can be used to help patients with chronic (long-lasting) low-back and neck pain and pain related to the degeneration of joints from arthritis.

Market Dynamics: Radiofrequency Ablation Devices Market

Increase in the prevalence of chronic diseases such as caner is the key factor attributing the growth of the radiofrequency ablation devices market. Rising geriatric population along with health issues is anticipating the growth of the market. Increase in the adoption minimal invasive procedures by the patient population is enhancing the growth of the market. The increase in the technological advancements are providing an opportunity for the growth of the growth of the market However, the high cost of the treatment is hindering the growth of the market. The availability of alternate procedures is hampering the growth of the radiofrequency ablation devices market.

Market Scope: Radiofrequency Ablation Devices Market

Radiofrequency ablation devices market is segmented based on the product type, application, and distribution channel

Based on the product type, the market is segmented into the following:

  • RF Generators
  • Reusable Products
    • Probes
    • Electrodes
  • Disposable Products
    • Cannulas
    • Needles

Based on the application, the market is segmented into the following:

  • Pain management
  • Gynecology
  • Hypertension
  • Cosmetology
  • Surgical Oncology
  • Cardiology & Cardiac Rhythm Management

Based on the distribution channel, the market is segmented into the following:

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Regional Analysis:  Radiofrequency Ablation Devices Market

Geographically, global radiofrequency ablation devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America radiofrequency ablation devices market is the dominant market in the global radiofrequency ablation devices market. Owing to the technological advancements this region is projecting higher growth in the market. The increase in the geriatric population in this region is anticipating the growth of the radiofrequency ablation devices market. The rising incidence of cancer is enriching the growth of the market in this region. According to the United States Cancer Statistics: 1999–2014 incidence and Mortality Web-based Report, 591,686 people died of cancer in the United States in 2014. Europe and the Asia Pacific radiofrequency ablation devices market falls next to the North America radiofrequency ablation devices market. Asia Pacific radiofrequency ablation devices market is projected to grow over the forecasted period owing to the presence of the emerging economies and the presence of huge patient population.

Competition Assessment: Radiofrequency Ablation Devices Market

Some of the players in the global radiofrequency ablation devices market include:

  • Smith & Nephew plc (U.K.)
  • Olympus Corporation (Japan)
  • Jude Medical, Inc. (U.S.)
  • Boston Scientific Corporation (U.S.)
  • CONMED Corporation (U.S.)
  • AngioDynamics, Inc. (U.S.)
  • AtriCure, Inc. (U.S.)
  • Medtronic, Inc. (U.S.)
  • Biosense Webster, Inc. (U.S.)

Notable Market Developments: Radiofrequency Ablation Devices Market

  • In July 2017, Stryker has announced that it has received FDA 510(k) clearance for its MultiGen 2 RF Generator.

 

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