Radio frequency ablation is a minimally invasive technique that is used to treat medical conditions such as cancer and tumor with imaging techniques including magnetic resonance imaging, ultrasound, and computed tomography. It is a non-surgical procedure to destroy carcinogenic cells by removing the tumor tissues and nerves. This technique includes the insertion of a needle via skin onto the tumor to targeting the abnormal tissues with radio-frequency electrical energy leads the tumor to melt through an active electrode tip. This technique has a wide range of applications across oncology, cerebral tumors, gynecology, cardiac rhythm and renal denervation for hypertension, pain management, and cosmetology.
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Growing Prevalence of Chronic Pain to have a positive impact on the market growth of radiofrequency ablation
According to The American Academy of Pain Medicine, in 2012, 1.5 billion people were estimated to suffer from chronic pain globally, with the increasing incidence rate geriatric population. Moreover, the growing incidence of cancerous tumors, arrhythmia, tachycardia and chronic pain cases is expected to propel the market growth. Rising demand for the non-surgical procedure is another key factor attributing to fueling demand for radiofrequency ablation. Furthermore, the market growth is also attributed to the advantage associated with the ablation feature of specificity that it targets only the particular sites within the tissue, causing negligible damage to the surrounding tissues. Additionally, growing usage in ambulatory surgical centers due to a lesser number of complications post-surgery is further projected to boost the growth of global radiofrequency ablation devices in the forecast period.
The disposables equipment segment accounts for a larger share in the radiofrequency ablation device market
The global radiofrequency ablation device market is segmented based on product type, application, end-user, and geography.
Based on product type:
- Disposable Equipment
- Cannula
- Needles
- Capital Equipment
- Radiofrequency Generators
- Reusable Equipment
- Probes
- Electrodes
Based on applications:
- Surgical Oncology
- Gynecology
- Cosmetology
- Cardiology & Cardiac Rhythm Management
- Hypertension
- Others
Based on end-user:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
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An increasing number of atrial fibrillation cases is expected to dominate North America in the radiofrequency ablation device market
Regional segmentation of the radiofrequency ablation device market by Coherent Market Insights comprises North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. According to the Centers for Disease Control & Prevention, an estimated 2.7-6.1 million people in the U.S., suffer from atrial fibrillation for which more than 750,000 hospitalizations occur each year. The rising awareness among patients regarding the ablation treatments, sophisticated reimbursement framework, and usage of advanced technologies are some of the other factors fueling the North America market growth. The market in the Asia Pacific is expected to rise over the forecast period and this can be attributed to the rising government initiatives to ensure improved healthcare access, availability of a large number of patients with unmet medical needs and increased spending capacity of patients.
The emergence of innovative portfolios to address multiple applications targeting single medical condition fuels the demand by some manufacturers
Key players of the radiofrequency ablation device market include Boston Scientific, St Jude Medical, Medtronic, Covidien, and Stryker. Other prominent vendors include Imricor Medical Systems, AtriCure, BIOTRONIK, MicroPort Scientific and Spacelabs Healthcare. The strategies adopted by the manufacturers include addressing multiple applications like tumor ablation with pain management for treating a single medical condition. For instance, St Jude Medical’s portfolio addresses arrhythmia through devices such as denervation system and neuromodulation for chronic pain
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Table of Content:
- Research Objective and assumption
o Research Objectives
o Assumptions
o Abbreviations
- Market Overview
o Report Description
- Market Definition and Scope
o Executive Summary
- Market Snippet By Product Type
- Market Snippet By Application
- Market Snippet By Technology
- Market Snippet By End User
- Market Snippet By Region
o Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
- Drivers
- Restraints
- Market Opportunities
o Technological Trends
o PEST Analysis
o Impact Analysis
- Global Radio Frequency Ablation Device Market, By Product Type, 2021 – 2028 (US$ Million)
o Introduction
- Market Share Analysis, 2016 and 2028 (%)
- Y-o-Y Growth Analysis, 2021 – 2028
- Segment Trends
o Reagents & Consumables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Software’s
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Instruments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
- Global Radio Frequency Ablation Device Market, By Application, 2021 – 2028 (US$ Million)
o Introduction
- Market Share Analysis, 2016 and 2028 (%)
- Y-o-Y Growth Analysis, 2021 – 2028
- Segment Trends
o Genomics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Proteomics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Diagnostics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Drug Discovery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
- Global Radio Frequency Ablation Device Market, By Technology, 2021 – 2028 (US$ Million)
o Introduction
- Market Share Analysis, 2016 and 2028 (%)
- Y-o-Y Growth Analysis, 2021 – 2028
- Segment Trends
o Microarrays
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Microfluidics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
- Global Radio Frequency Ablation Device Market, By End User, 2021 – 2028 (US$ Million)
o Introduction
- Market Share Analysis, 2016 and 2028 (%)
- Y-o-Y Growth Analysis, 2021 – 2028
- Segment Trends
o Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Diagnostic Labs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Academic & Research Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Biotechnology & Pharmaceutical Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
- Global Radio Frequency Ablation Device Market, By Regions, 2021 – 2028 (US$ Million)
o Introduction
- Market Share Analysis, By Region, 2016 and 2028 (%)
- Y-o-Y Growth Analysis, For Regions, 2021 – 2028
o North America
- Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
- U.S.
- Canada
o Europe
- Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- o Asia Pacific
- Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Latin America
- Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
- Brazil
- Mexico
- Rest of Latin America
- o Africa
- Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
- South Africa
- Central Africa
- North Africa
- o Middle East
- Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
- Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
- GCC
- Israel
- • Rest of Middle East
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