Global Radiofrequency Ablation Devices
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to cognitive market research, the Global radiofrequency ablation devices market was valued at USD xx million in 2024, growing at a CAGR of xx% during the forecast period from 2024 to 2030 to reach USD xx billion by 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
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Market Split by Type |
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Market Split by Application |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Radiofrequency Ablation Devices Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The demand for radiofrequency ablation devices is witnessing growth due to the growing prevalence of chronic diseases such as cardiovascular diseases, and cancers, the rising geriatric population, and technological advancement in product development and design improvement. Radiofrequency ablation device that uses radio waves to heat and destroy abnormal cells. The radio waves travel through electrodes which are in the device. Radiofrequency ablation devices are used to treat cancer and other conditions. Radiofrequency ablation devices use an electrosurgical generator which is connected to the bipolar electrode arrays to deliver the thermal energy to tissue, this electricity travels through tissue between alternating positive and negative poles of the electrodes in the radiofrequency ablation device that has a radiofrequency range of 450 to 500 kHz. Ablation is the process of removal of undesired organs, abnormal growths, or harmful substances from the human body. The principle behind radiofrequency ablation is that it works by disrupting the conduction of nerve signals, especially the pain-conducting nerve signals. The heat produced due to the electric current causes the formation of scar tissue to block the nerve conduction pathway. Additionally, the growing geriatric population as geriatric people are more susceptible to chronic diseases, so this segment drives the demand for the radiofrequency ablation device market.
Radiofrequency ablation is an effective treatment for small cancers. Furthermore, radiofrequency ablation is not the main treatment for cancers, it is often used as an alternative treatment, therefore the rising prevalence of cancers of different etiologies is also expected to contribute to the growing demand for radiofrequency ablation devices during the forecast period. Liver cancer is one of the most common types of cancer where radiofrequency ablation is used. The increase in government funds for the healthcare sector in various countries will improve the market globally. Market growth of radiofrequency ablation devices for pain management is significantly developed in developing countries such as India, China, and Brazil. Several clinical studies have been conducted to demonstrate that the use of radiofrequency ablation devices increases the possibility of curing cancer by around 40%. Radiofrequency ablation devices are also used to treat tachycardia or fibrillation with medications. The success rate of radiofrequency ablation is good, approximately 70% of cases were successful in blocking an intended nerve.
Cancer incidence rates have been steadily increasing globally due to factors such as the aging population, lifestyle changes, environmental factors, and improved detection and diagnosis. As the no of cancer cases rises, there is a corresponding increase in the demand for effective treatment modalities, including radiofrequency ablation. Radiofrequency ablation is a minimally invasive procedure that utilizes heat generated from radiofrequency waves to destroy cancerous cells. Compared to traditional surgical interventions, RFA offers several advantages, including shorter recovery times, reduced risk of complications, and the ability to treat tumors in difficult-to-reach locations. As patients and healthcare providers increasingly prioritize minimally invasive treatment options, the demand for RFA devices is expected to rise. The most common cancers are breast cancer, lung cancer, and colon and rectum cancer. Breast cancer was the most common disease in 2020.
• For instance, in February 2022, according to data provided by the World Health Organization cancer was a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, or nearly one in six deaths due to cancer.
(Source:https://www.who.int/news-room/fact-sheets/detail/cancer)
The rise in the no of geriatric population is expected to raise the market growth of the radiofrequency ablation device market for pain management over the forecast period. The elderly population often experiences a higher incidence of chronic conditions such as cancer, cardiac arrhythmias, and musculoskeletal disorders which may require treatment with RFA. As the geriatric population grows so does the demand for minimally invasive treatment options like RFA to manage these conditions effectively. Aging is associated with an increased risk of certain diseases and conditions, including various types of cancer, and osteoid osteomas. RFA offers a minimally invasive approach to treating these conditions, making it an attractive option for elderly patients who may have multiple commodities and are seeking less invasive treatment options. The growing geriatric population geriatric people are more susceptible to chronic diseases, so this segment drives the demand for the radiofrequency ablation device market.
• For instance, in October 2022, the data provided by the World Health Organization, The share of the population aged 60 years and older will double ( 2.1 million ). The no of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million.
(Source:https://www.who.int/news-room/fact-sheets/detail/ageing-and-health)
Damage to the skin, subcutaneous tissue, and blood vessels are among the most common health harms due to RFA devices which may hamper the growth of the market. Once the skin has been damaged or breached problems can arise at the site of injection, in and beneath the skin, in the blood vessel that has been penetrated in the subcutaneous fascia and muscle tissue, and at remote sites in distant organs in the body. Damage to the nerve and surrounding blood vessels due to needle insertion, hyperesthesia, damage to the structures that are situated adjacent to the target nerve, muscular tissue damage, and excess itching at the injection site are the major factors that are highly obstructing the growth of the market. RFA is a way to destroy tissue in the body using heat. RFA uses a high electric current to create heat around the electrode, it is put into the tumor and kills cancer cells thereby destroying the surrounding tissue.
Since the December 2019 covid 19 viral epidemic, the illness has spread to more than 100 nations worldwide, on January 30, 2020, the World Health Organization issued a public health emergency. The covid 19 pandemic had two primary effects on the economy: it altered the supply and demand for pharmaceuticals disrupted the supply chain and had a negative financial impact on businesses and financial markets. Many nations, including China, India, Saudi Arabia the united arab emirates, Egypt, and others are having trouble moving goods from one location to another as a result of national lockdowns. However, because fewer beds and operating rooms were available due to the covid 19 the global market for radiofrequency ablation devices for pain management. The COVID-19 pandemic has had varied impacts on the radiofrequency ablation device market. While there might have been disruptions initially due to lockdowns and restrictions, the demand for cancer treatment has remained strong. However, logistical challenges and delays in elective procedures might have affected market growth in some regions. Overall, the market has shown resilience with innovations in telemedicine and remote monitoring helping to mitigate some of the disruptions.
Innovations in energy delivery systems, imaging guidance techniques, and temperature monitoring technologies can enhance treatment outcomes and patient experience. With a growing trend towards minimally invasive procedures, there is an opportunity for RFA devices to gain market share as patients and healthcare providers seek alternatives to traditional surgical interventions. Positioning RFA as a less invasive and more accessible treatment option can drive market growth. Emerging markets present untapped opportunities for RFA device manufacturers to expand their global footprint. Increasing healthcare infrastructure development, rising disposable incomes and growing awareness of advanced medical treatments create favourable conditions for market penetration. Integration of RFA devices with advanced imaging modalities such as MRI, CT, and ultrasound offers opportunities for precise targeting and real-time monitoring during procedures. This integration can improve treatment accuracy and efficiency driving adoption in various clinical settings. Collaboration between RFA device manufacturers, healthcare providers, research institutions, and regulatory bodies can drive innovation and market expansion.
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The radiofrequency device market competitive landscape provides details of the competitors. Details include are company overview, company financials, revenue generated, and market potential of the company. The major players in the market are evaluated based on their product or service offerings, key developments, strategic approaches to the market, and other key features. The competitive landscape also highlights strengths, weaknesses, opportunities, and threats ( SWOT analysis ). Furthermore, the list of companies included in this market can also customized according to market trends. Some prominent players in the radiofrequency ablation device market are Boston Scientific Corporation, Medtronic, Stryker, Abbott., Smith & Nephew, Johnson & Johnson Services, Inc., and AngioDynamics.
Top Companies Market Share in Radiofrequency Ablation Devices Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Among the regions, North America is estimated to hold a dominant position in the global radiofrequency ablation device market over the forecast period. North America shows significant growth among the regions. North America is estimated to hold xx % of the market share in 2024. The North American market for radiofrequency ablation devices is driven because of the high prevalence of cancer incidences and the rise in no of geriatric people throughout the region. Rapid technological advancement in radiofrequency ablation devices continuously increasing prevalence of cancer cases and high expenditure by the governments on healthcare facilities are widely stimulating the overall growth of this market. Apart from growth and demand, the US radiofrequency ablation device market is shaped by various players with Medtronic, Boston Scientific, and Johnson & Johnson being primary competitors. Technological advancement remains at the forefront of the radiofrequency ablation device market trend. The rapid innovation in the R&D investment has led to a surge in sophisticated devices that ensure precision, safety, and better patient outcomes.
Asia-Pacific region held the fastest CAGR throughout the estimated period 2024 to 2031 owing to the growing incidence of cancer such as bladder, esophagus, liver, pancreas, and others. According to the American College of Cardiology (ACC), over half of the global deaths due to CVDs occur in the Asia Pacific region. CVD deaths have increased from 5.6 million in 1990 to 10.8 million in 2019; 39% of the deaths were under the age of 70. Furthermore, according to a report published by the ICMR-National Centre for Disease Informatics and Research in 2021, Leukemia accounted for nearly half of all childhood cancers in both genders in the 0-14 years age group in India. Moreover, the rising geriatric population and the increasing product launches in the country are also expected to boost market growth. Thus, owing to the increasing prevalence of cancer and the increasing geriatric population, the segment is expected to witness a high growth rate over the forecast period.
The current report Scope analyzes Radiofrequency Ablation Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Radiofrequency Ablation Devices Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Radiofrequency Ablation Devices Industry growth. Radiofrequency Ablation Devices market has been segmented with the help of its Type, Application End-User, and others. Radiofrequency Ablation Devices market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, disposable products holds the dominant share in the market. The radiofrequency ablation system device consists of disposable radiofrequency equipment, which is gold gold-plated mesh electrode. This equipment consists of the controller, CO2 canister, desiccant, foot switch, and power cord. This disposable equipment delivers radiofrequency energy to treat the inferior surface of the uterine cavity. The disposable equipment is inserted transversally into the uterine cavity, whereas the length and the width of the uterine cavity are measured by the device and then entered into the radiofrequency controller to calculate the power level that is required to treat the given uterine size cavity automatically. By pressing the foot switch, the cavity integrity assessment cycle starts and when the cycle finishes the ablation cycle is initiated by pressing the foot switch again. The actual radiofrequency ablation treatment time averages approximately 90 seconds and it varies 40 to 120 seconds depending on the endometrial thickness
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According to cognitive market research, Pain management holds the dominant share in the market. Radiofrequency waves are used to produce heat on specifically identified nerves surrounding the joints, by generating heat around the nerve the nerve is ablated thus destroying its ability to transmit signals to the brain. The nerves to be ablated are identified through injections of local anesthesia around the medial branches before the RFA procedure to first confirm the diagnosis.
• For instance, In April 2017, the US Food and Drug Administration approved a commercial device using cooled radiofrequency ablation, with effects lasting for years of pain relief from various pains.
(Source:https://www.indiananeurologyandpain.com/blog/rf-ablation#:~:text=In%20April%202017%2C%20the%20US,pain%20relief%20from%20knee%20arthritis.)
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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The radiofrequency ablation device market is further segmented into the end users which are hospitals, ambulatory surgical centers, and research laboratories. By the end of 2030, hospitals are projected to account for a substantial revenue share that exceeds xx % which can be attributed to the intricate nature of ablation treatments and the high prevalence of specialized staff and equipment available in hospitals, ensuring safer and more effective procedures. Besides that, ambulatory surgical centers are another significant segment that accounted for xx% of the market share in 2024. These centers are efficient for certain outpatient procedures, but may not always have the specialized staff needed for more complex ablation treatments. The research laboratories segment is expected to grow at a lucrative CAGR of xx % over the forecast period. Research laboratories are conducting various studies and trials to evaluate radiofrequency ablation’s safety, efficacy, and outcomes for different indications such as cancer, cardiac arrhythmias, pain management, and cosmetic dermatology. Additionally, research laboratories can also benefit from the cost-effectiveness and convenience of radiofrequency ablation devices, as they can reduce the need for surgical interventions and hospitalizations.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
The radiofrequency ablation device market concludes with a comprehensive analysis of market trends, key players, and prospects. It highlights the growing demand for minimally invasive procedures, technological advancements driving innovation, and the increasing prevalence of chronic diseases. Additionally, it outlines potential challenges such as regulatory hurdles and competition. Overall, the report suggests opportunities for market growth and emphasizes the importance of strategic partnerships and research investments for stakeholders in the industry.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | RF Generators, Reusable Products, Disposable Products |
Application | Tumor, Cardiology, Varicose veins, Pain management |
End-User | Hospital, Ambulatory surgical centers, Research laboratories |
List of Competitors | Medtronic, AngioDynamics, Covidien, Ethicon, ZenoMed, AtriCure Inc, Baren Boym, Huaian Aofu Surgical Instruments Co. Ltd, MedSphere, Boston Scientific Corporation, Johnson & Johnson Services, Inc. |
This chapter will help you gain GLOBAL Market Analysis of Radiofrequency Ablation Devices. Further deep in this chapter, you will be able to review Global Radiofrequency Ablation Devices Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Radiofrequency Ablation Devices market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why RF Generators have a significant impact on Radiofrequency Ablation Devices market? |
What are the key factors affecting the RF Generators and Reusable Products of Radiofrequency Ablation Devices Market? |
What is the CAGR/Growth Rate of Tumor during the forecast period? |
By type, which segment accounted for largest share of the global Radiofrequency Ablation Devices Market? |
Which region is expected to dominate the global Radiofrequency Ablation Devices Market within the forecast period? |
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