According to Our latest research report on “Radiofrequencya Ablation Devices Market ” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.
The world radiofrequency ablation devices market was valued at $1,729.7 million in 2015 and shall grow at a CAGR of 11.8% to reach $3,785.3 million by 2022. This is attributed to the increase in demand for minimally invasive surgeries, rise in prevalence of cancer, high efficacy, and short duration of the procedure. The rise in the incidence of patients with chronic pain due to the increase in prevalence of obesity, diabetes, osteoarthritis, cancer, and rheumatoid arthritis also contributed towards the growth of the RFAD market. However, the cost associated with this technology and lack of awareness among patients hinders the market growth.
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Radiofrequency ablation (RFA) is a medical process in which a dysfunctional tissue is ablated using the heat generated by high-frequency electromagnetic waves. Advantages of using radiofrequency current for ablation are that there is no need for general anesthetics as the nerves or muscles are not directly stimulated and the treatment is very specific to the desired tissue, without causing any significant collateral damage. It is a minimally invasive procedure that is utilized in various fields of medicine such as pain management, cardiac rhythm management, oncology, and renal denervation for hypertension. RFA helps to shrink and destroy the tumor cells. In pain management, it is used to reduce pain by heat destruction of nerves that conduct nerve impulses.
The world RFAD market is segmented into three categories: application, product type, and geography. Based on the type of application, the market is bifurcated into oncology, pain management and cardiology. Based on product type, it is divided into devices, and disposables. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth in competition and continuous technological advancements have led to mergers & acquisitions by major players in the RFAD market. On August 3, 2016, Boston Scientific Corporation completed the acquisition of Cosman Medical, which helped it to improve its product portfolio of non-opioid solutions for chronic pain. On August 7, 2016, St. Jude Medical, Inc. acquired NeuroTherm, Inc., which is expected to accelerate the growth of St. Jude Medical’s business in chronic pain and strengthen its position as a global leader in developing therapies for chronic pain treatment.
KEY MARKET BENEFITS:
The world radiofrequency ablation devices market report provides an extensive analysis of the current market trends and future estimations through 2014-2022.
The market scenario is comprehensively analyzed with respect to the application and product type.
Comprehensive analysis of all geographic regions is provided to determine the prevailing opportunities.
Recent developments and key manufacturers are listed to understand the competitive market scenario.
In-depth analysis based on geography provides an understanding of the regional market, which assists in strategic business planning.
COMPANY PROFILES:
- The key players profiled in this report are listed below:
- Halyard Health, Inc.
- Stryker Corporation
- St. Jude Medical, Inc.
- Medtronic Plc
- Boston Scientific Corporation
- C. R. Bard, Inc.
- AngioDynamics, Inc.
- Hologic, Inc.
- AtriCure, Inc.
- Johnson & Johnson
Other players in the RFAD market include (profiles not included in the report)
- Baylis Medical
- Arthrex, Inc.
- inomed Medizintechnik GmbH
- Sutter Medizintechnik GmbH
- Bramsys Ind?stria e Comercio Ltda
- ENDO-FLEX GmbH
- Epimed International
- sfm medical devices GmbH
KEY MARKET SEGMENTS:
The world radiofrequency ablation devices market segmentation is illustrated as follows:
By Application
Cardiology
Conventional RF Ablation Catheters
Irrigated Tip RF Ablation Catheters
Oncology
Breast Cancer
Colorectal Cancer
Lung Cancer
Prostate Cancer
Liver Cancer
Kidney Cancer
Spinal Metastases
Other Cancers
Pain management
Neck Pain
Shoulder Pain
Upper Back Pain
Lower Back Pain
Knee Pain
Other Pain Syndromes
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By Product Type
Devices
Disposables
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
Venezuela
Saudi Arabia
Republic of South Africa
Rest of LAMEA
Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Why is Our research important?
- Your research helps in understanding the current market dynamics, trends, and growth prospects of the patient engagement solutions market.
- This knowledge is crucial for businesses, investors, and stakeholders to make informed decisions and develop effective strategies.
- By analyzing the market landscape, identifying key market players, and evaluating market segments and regions, your research helps in identifying potential business opportunities within the patient engagement solutions market.
- Your research report provides forecasts and projections for the future growth of the patient engagement solutions market.
- This helps businesses in estimating market potential, assessing market risks, and planning for future investments and initiatives.
- Your research includes a competitive landscape analysis, highlighting the key players in the patient engagement solutions market and their strategies.
- This information assists businesses in understanding their competitors, their market position, and their strengths and weaknesses. It also helps in benchmarking and developing competitive strategies.
- Your research provides insights into the latest industry trends, technological advancements, and regulatory developments related to patient engagement solutions.
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- By providing comprehensive and reliable data, analysis, and insights, your research serves as a valuable resource for decision-making.
- It helps businesses, investors, and stakeholders in making well-informed decisions regarding market entry, product development, partnerships, investments, and other strategic initiatives.
- This information enables businesses to target specific areas for growth and expansion.
Key Questions the Report Discusses
- What essential elements emerged from both primary and secondary research?
- What will the market’s future potential be?
- Who examines the market report’s complete outcome?
- What obstacles and problems face the growth of an industry?
- What does supply chain analysis for products and market size, share mean?
- Which of the possible manufacturers is still operating in the market?
- What are the advantages, benefits, and applications of the product’s features?
- What are the main trends and influencing factors?
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