Overview and Scope
Radiofrequency ablation devices are medical devices that generate heat from medium-frequency alternating currents to ablate or destroy abnormal tissue. It destroys cancerous tissue and manages chronic pain by interrupting pain impulses.
Sizing and Forecast
The radiofrequency ablation devices market size has grown rapidly in recent years. It will grow from $4.27 billion in 2023 to $4.84 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The growth in the historic period can be attributed to clinical acceptance, rise in chronic diseases, patient demand, regulatory approvals, training and education.
The radiofrequency ablation devices market size is expected to see rapid growth in the next few years. It will grow to $7.6 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to growing geriatric population, regenerative medicine, value-based healthcare, telemedicine integration, shift towards minimally invasive procedures. Major trends in the forecast period include portable ablation devices, combination therapies, cancer ablation techniques, enhanced safety features, remote and robotic assistance.
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Segmentation & Regional Insights
The radiofrequency ablation devices market covered in this report is segmented -
1) By Product Type: Disposables Equipment, Reusables Equipment, Capital Equipment
2) By Application: Oncology, Cardiology And Cardiac Rhythm Management, Gynecology, Pain Management, Other Applications
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
North America was the largest region in the radiofrequency ablation devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radiofrequency ablation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing chronic diseases are driving the growth of the radiofrequency ablation devices market going forward. Chronic diseases are problems that last a year or longer, necessitating continuing medical care, restricting everyday activities, or both. Radiofrequency ablation devices are used in chronic diseases to relieve people with chronic and arthritic joint pain. It is often used to shrink the size of tumors, nodules, or other growths in the body. For instance, in January 2023, according to the National Library of Medicine, a US-based biomedical library, it was projected that by the year 2050, the number of individuals aged 50 years and older who have at least one chronic illness would surge by 99.5%, rising from 71.522 million in 2020 to 142.66 million. As a result, increasing chronic diseases are propelling the growth of the radiofrequency ablation devices market.
Key Industry Players
Major companies operating in the radiofrequency ablation devices market report are Johnson And Johnson Co, Abbott Laboratories, Medtronic PLC, Siemens Healthineers, Becton, Dickinson and Company, Koninklijke Philips NV, Stryker Corporation, Boston Scientific Corporation, Olympus Corporation, Smith And Nephew PLC, Ethicon Inc., Hologic Inc., Arthrex Inc., Halyard Health Inc., BIOTRONIK SE and Co KG, Merit Medical Systems Inc., Conmed Corporation, Avanos Medical Inc., ArtiCure Inc., AngioDynamics Inc., Biosense Webster Inc., Baylis Medical Company Inc., Sutter Medizintechnik GmbH, OSYPKA AG, Inomed Medizintechnik GmbH, St. Jude Medical Inc., Epimed International Inc.
The radiofrequency ablation devices market report table of contents includes:
1. Executive Summary
2. Radiofrequency Ablation Devices Market Characteristics
3. Radiofrequency Ablation Devices Market Trends And Strategies
4. Radiofrequency Ablation Devices Market - Macro Economic Scenario
5. Global Radiofrequency Ablation Devices Market Size and Growth
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31. Radiofrequency Ablation Devices Market Other Major And Innovative Companies
32. Global Radiofrequency Ablation Devices Market Competitive Benchmarking
33. Global Radiofrequency Ablation Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Radiofrequency Ablation Devices Market
35. Radiofrequency Ablation Devices Market Future Outlook and Potential Analysis
36.Appendix
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The Global Radiofrequency Ablation Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Radiofrequency Ablation Devices Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10376-radiofrequency-ablation-devices-market-reportThe report also covers the complete competitive landscape of the global Radiofrequency Ablation Devices market with company profiles of key players such as:Accuray Inc.AngioDynamics.Biosense WebsterBoston Scientific.Cosman Medical Inc.Covidien.DFINE Inc.Diros Technology Inc.Kimberly-Clark.NeuroTherm (St. Jude Medical).RF Medical Co. Ltd.St.
Jude Medical.STARmed.Stryker CorporationA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Product:Capital EquipmentReusable EquipmentReusable Radiofrequency ProbesReusable Radiofrequency ElectrodesDisposable EquipmentDisposable Radiofrequency CannulasDisposable Radiofrequency NeedlesDisposable Radiofrequency Single-Use probesDisposable Radiofrequency Single-Use ElectrodesBy Applications:Surgical OncologyCardiology & Cardiac Rhythm ManagementPain ManagementGynecologyHypertensionCosmetologyBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Radiofrequency Ablation Devices Market @ https://www.decisiondatabases.com/contact/download-sample-10376The Global Radiofrequency Ablation Devices Market has been exhibited in detail in the following chapters –Chapter 1 Radiofrequency Ablation Devices Market PrefaceChapter 2 Executive SummaryChapter 3 Radiofrequency Ablation Devices Industry AnalysisChapter 4 Radiofrequency Ablation Devices Market Value Chain AnalysisChapter 5 Radiofrequency Ablation Devices Market Analysis By ProductChapter 6 Radiofrequency Ablation Devices Market Analysis By ApplicationsChapter 7 Radiofrequency Ablation Devices Market Analysis By GeographyChapter 8 Competitive Landscape Of Radiofrequency Ablation Devices CompaniesChapter 9 Company Profiles Of Radiofrequency Ablation Devices IndustryPurchase the complete Global Radiofrequency Ablation Devices Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10376Other Reports by DecisionDatabases.com:Global Radiotherapy Equipment Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Nuclear Medicine / Radiopharmaceuticals Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
Market HighlightsThe global radiofrequency ablation devices market is expected to grow at an approximate CAGR of 11.2% during the forecast period of 2018–2023.
Factors such as the advantage of radiofrequency ablation over other ablation medical procedures, the success rate of radiofrequency are driving the growth of the market.
Moreover, complications such as acute respiratory distress syndrome where success rates are low and burning sensation at the treatment site of tissue are some of the factors hindering the growth of the market.Request Sample Copyhttps://www.marketresearchfuture.com/sample_request/7634SegmentationThe global radiofrequency ablation devices market is segmented on the basis of type, application, and region.Based on the type, the global radiofrequency ablation devices market is segmented into Unipolar radiofrequency ablation and Bipolar radiofrequency ablation.
By application, the global radiofrequency ablation devices market is categorized into Surgical Oncology, Cardiology and Cardiac Rhythm Management, Gynecology, Cosmetology, Pain ManagementRegional AnalysisThe Americas dominates the global market for radiofrequency ablation devices owing to the growing geriatric population, increase in cancer cases, an increase in clinical research within the region.
Additionally, the increasing awareness about the cardiology treatment and presence of developed economies and healthcare sector within the region drives the market growth during the forecast period.
In 2017, it was estimated that Europe stood second in the global radiofrequency ablation devices market due to the increasing prevalence of gynecology, cosmetology, pain management, and others.
Transparency Market Research (TMR) has published a new report titled, ‘Radiofrequency Ablation Devices for Pain Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’.
According to the report, the global radiofrequency ablation devices for pain management market was valued at US$ 543.0 Mn in 2018 and is projected to expand at a CAGR of above 11.0% from 2019 to 2027.Request Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=985OverviewRadiofrequency ablation is a minimally invasive surgical procedure that involves a local anesthetic and mild sedation.
This procedure is primarily used to reduce chronic low-back and neck pain.The procedure involves heating a small area of nervous tissue under controlled temperature and as a result help in blockage of pain signals transmitting from that area.North America dominated the global radiofrequency ablation devices for pain management market in 2018 and the trend is anticipated to continue during the forecast period.
Rise in awareness regarding the treatment benefits, high incidence rate of chronic pain among the population in the U.S. are expected to drive the market in North America.However, Asia Pacific is likely to be a highly lucrative market for radiofrequency ablation devices for pain management and it is expected to expand at a high CAGR during the forecast periodGrowing adoption of RF ablation for pain management among end-users to Drive MarketPain leads to severe complications, if proper care or treatment is not taken for a long time.
High adverse effects and lower efficiency of alternate pain relief procedures and therapeutics such as opioids, acupuncture, and acupressure has led to surge in adoption of radiofrequency ablation devices, which offer better treatment with minimal side effects.Hence, high availability, easy access, increased awareness, cost-effectiveness, and quick relief provide RF ablation devices for pain management a cutting edge over other treatment options.
This is likely to augment the demand for the use of radiofrequency ablation device for pain management in the market.Request COVID Analysis on Radiofrequency Ablation Devices Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=985Disposable Products Segment to Dominate MarketBased on product type, the global radiofrequency ablation devices for pain management market is classified into RF generators, reusable products and disposable products.
