Radiofrequency Ablation Devices Market Overview
The surge in critical medical intervention is predicted to enhance the radiofrequency ablation devices market. Reports created by MRFR detail the developments of the industry that can be expected in the market through the forecast period. The market is projected to record a CAGR of 11.2% throughout the forecast period.
The advancement in medical technology is estimated to promote the radiofrequency ablation devices market companies in the impending period. The improvement in the compensation scenario is predicted to further promote the radiofrequency ablation devices market stake in the forecast period.
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Radiofrequency Ablation Devices Market Segmental Analysis
The segmentation of the radiofrequency ablation devices market is conducted on the basis of application, type, and region. The application segment of the radiofrequency ablation devices market consists of cardiology and cardiac rhythm management, surgical oncology, pain management, gynecology, and cosmetology. The type segment of the radiofrequency ablation devices market consists of bipolar radiofrequency ablation and unipolar radiofrequency ablation. The regions included in the radiofrequency ablation devices market are the Americas, Africa, Europe, APAC, and the Middle East.
Radiofrequency Ablation Devices Market Regional Analysis
The regional investigation of the radiofrequency ablation devices market includes regions such as the Americas, Africa, Europe, APAC, and the Middle East. The Americas radiofrequency ablation devices market directs the global market due to the influence of a mounting number of lung cancer instances like, Non-Small Cell Lung Cancer (NSCLC) which is the most regular type of lung cancer, reporting for a significant majority of all lung cancer cases. The Asia Pacific radiofrequency ablation devices market was the fastest increasing region for the worldwide market in 2017. The influences of the increasing awareness of cardiac disease, mounting healthcare industries, and the expansion of numerous treatment approaches for cosmetology and gynecology drive the market in this region. On the other hand, the Middle Eastern and African region holds the minimum share in the international market. The commonness of poor nations and subdued per capita revenue, particularly within the African region restrains the regional market.
Radiofrequency Ablation Devices Market Competitive Analysis
The investment in sustainable technologies and product options is predicted to reign over the next phase of market development strategies in the forecast period. The market is predicted to be driven by the effects of the COVID-19 pandemic, by ensuring that businesses can counteract situations like these in the future. The government support to the rebuilding of economic growth momentum is estimated to be increased than the past few years. The market landscape is estimated to be redefined by the absorption of smaller companies or startups as well as mergers between market titans to enhance their overall pull on the global market progress. The toll on the health and mental wellbeing of the workers in the market is estimated to have a notable impact on the resurgence of the market’s expansion in the upcoming years. The upcoming products in the market are estimated to have a notable influence on the pandemic in terms of germicidal properties that can be observed in the coming period.
The key companies in the radiofrequency ablation devices market are Medtronic Inc, Stryker, St. Jude Medical, Boston Scientific Corporation, Smith & Nephew, Johnson & Johnson (J&J) Services, LLC, Cosman Medical, Inc., Angiodynamics, RF Medical Co, Ltd, AtriCure, Inc., and others.
Radiofrequency Ablation Devices Industry Updates:
Feb 2021 Medtronic has procured endorsement for its DiamondTemp Ablation (DTA) system from the US Food and Drug Administration (FDA) for giving patients with atrial fibrillation (AF). As the primary temperature-controlled, watered radiofrequency (RF) ablation system with diamonds, the DTA system will be consumed for healing patients with recurring, symptomatic paroxysmal atrial fibrillation (AF) and those who have been impassive to drug therapy. It utilizes radiofrequency energy and is a minimally invasive method to make lesions (scar tissue), using warmth, to interject irregular electrical signals in the heart.
Feb 2021 MedLumics has solicited another €18 million (around USD 22 million) to back clinical trials of its optically-guided imaging system used to lead a surgical procedure for atrial fibrillation (AF) – a critical heart condition that causes an irregular heartbeat. The Spanish biotech says the latest round – which comes after a USD 3.8 million first round in 2011 and a $37 million series B in 2017 – will help it move the AblaView system out of preclinical growth and into the clinic, as well as scale up its production capacity. AblaView, a catheter used to carry out a procedure named catheter ablation, a minimally-invasive surgical method that includes scarring or abolishing tissue in the heart utilizing radiofrequency energy to disrupt faulty electrical signals instigating the arrhythmia.
Table Of Contents
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
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