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Endoscope - Radiofrequency Ablation Market by Application - Global Opportunity Analysis and Industry Forecast, 2017-2025

  • ID: 4621173
  • Report
  • Region: Global
  • 75 pages
  • Allied Analytics LLP
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Endoscopic RFA is an advanced treatment modality, which is commonly applied in the treatment of medical indication such as uncoordinated heartbeats, Barrett's esophagus, and pain management, and others. Radiofrequency ablation is considered to be an FDA-approved advanced endoscopic technique in which the diseased tissue is exposed to heat energy for its destruction or removal. The global endoscope + radiofrequency ablation (RFA) market was valued at $3,567.4 million in 2017 and is estimated to reach at $7,471.5 million by 2025, registering a CAGR of 9.6% from 2018 to 2025.

Upsurge in geriatric population that is highly susceptible to pain and chronic disorders has a positive impact on the market growth. In addition, rise in need for the development of advanced minimally invasive surgical techniques has propelled the demand for endoscopic RFA across healthcare settings, thus fueling the market growth.

However, dearth of skilled professionals that lack complete know-how of endoscopic RFA treatment impedes the market growth. Conversely, high untapped potential in the emerging economies is anticipated to offer significant profitable opportunities for the expansion of the market.

The endoscope + radiofrequency ablation (RFA) market is segmented based on application. On the basis of application, the market is categorized into cardiology applications, pain management, oncology applications, and others.

KEY BENEFITS

This report entails a detailed quantitative analysis of the current market trends from 2017 to 2025 to identify the prevailing opportunities along with strategic assessment of global endoscope + radiofrequency ablation (RFA) market.
Market size and estimations are based on comprehensive analysis of the applications and developments in the industry.
A qualitative analysis based on innovative products and devices facilitate the strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

KEY MARKET SEGMENTS

By Application

Cardiology Applications
Pain Management
Oncology Applications
Other Applications

KEY MARKET PLAYERS

Boston Scientific Corporation
Conmed Corporation
Medtronic Plc.
Smith & Nephew Plc.
Stryker Corporation
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.3.1. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.1.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Endoscope + radiofrequency ablation (RFA) market: Innovative products
3.2.1. Barex 360
3.2.2. Habib EUS RFA catheter
3.2.3. Temperature-resistant probes
3.3. Clinical trials: RFA and RFA + endoscope products in pipeline
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in the prevalence of cancer and cardiac ailments across the globe
3.4.1.2. Large scale adoption of endoscopic RFA devices in pain management
3.4.1.3. High efficacy and short duration of the procedure
3.4.2. Restraints
3.4.2.1. High costs associated with the RFA treatment
3.4.2.2. Limited awareness regarding available RFA + endoscope devices
3.4.3. Opportunity
3.4.3.1. Emerging indications for the endoscopic radiofrequency ablation

CHAPTER 4: ENDOSCOPE + RADIOFREQUENCY ABLATION (RFA) MARKET, BY APPLICATION
4.1. Overview
4.1.1. Market size and forecast
4.2. Oncology application
4.2.1. Market size and forecast
4.3. Pain management
4.3.1. Market size and forecast
4.4. Cardiology application
4.4.1. Market size and forecast
4.5. Other applications
4.5.1. Market size and forecast

CHAPTER 5: COMPANY PROFILES
5.1. Boston Scientific Corporation
5.1.1. Company overview
5.1.2. Company snapshot
5.1.3. Operating business segment
5.1.4. Business performance
5.1.5. Key strategic moves and developments
5.2. Conmed Corporation
5.2.1. Company overview
5.2.2. Company snapshot
5.2.3. Operating business segment
5.2.4. Business performance
5.2.5. Key strategic moves and developments
5.3. Medtronic Plc
5.3.1. Company overview
5.3.2. Company snapshot
5.3.3. Operating business segment
5.3.4. Business performance
5.3.5. Key strategic moves and developments
5.4. Smith & Nephew Plc
5.4.1. Company overview
5.4.2. Company snapshot
5.4.3. Operating business segment
5.4.4. Business performance
5.5. Stryker Corporation
5.5.1. Company overview
5.5.2. Company snapshot
5.5.3. Operating business segments
5.5.4. Business performance
5.5.5. Key strategic moves and developments
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According to a new report, titled, Endoscope + Radiofrequency Ablation (RFA) Market by Application: Global Opportunity Analysis and Industry Forecast, 2017-2025, the global endoscope + radiofrequency ablation (RFA) market was valued at $3,567 million in 2017 and is projected to reach $7,471 million by 2025, growing at a CAGR of 9.6% from 2018 to 2025. North America was the highest revenue contributor in 2017 and is expected to maintain this trend throughout the forecast period.

Radiofrequency ablation (RFA) utilizes thermal energy to accomplish targeted tissue destruction. RFA was initially studied for the treatment of dysplastic Barrettes esophagus (BE) within the gastrointestil (GI) tract, and this is still considered to be a common application of RFA. In addition, the indications for endoscopic RFA continue to evolve.

The global endoscope + RFA market is anticipated to grow at a significant rate during the forecast period, owing to factors, such as increase in the prevalence of cancer and cardiac ailments across the globe, surge in adoption of RFA devices in pain magement, and high efficacy and short duration of the procedure. However, high costs associated with the RFA treatment and limited awareness towards available endoscopic RFA devices are anticipated to hamper the market growth. On the contrary, the emerging indications for the endoscopic radiofrequency ablation are expected to offer lucrative growth opportunities for the market players.

On the basis of application, the market is classified into cardiology application, pain magement, oncology application, and other application. Among these, the cardiology application segment accounted for the largest share of the revenue generated in 2017 and is anticipated to maintain this trend throughout the forecast period. However, the oncology application segment is expected to grow at the fastest pace from 2018 to 2025.

Key Findings of the Endoscope + Radiofrequency Ablation (RFA) Market:

The pain magement segment accounted for approximately 29% of the global market share in 2017.
Europe accounted for more than 30.0% share of the global endoscope + RFA market in 2017 and is expected to maintain this trend throughout the forecast period.
India is anticipated to grow at the fastest pace in the Asia-Pacific market, registering a CAGR of 12.8% from 2018 to 2025.
U.S. has generated the highest revenue in 2017 in the North America market and is expected to maintain this domince throughout the forecast period.

North America was the leading revenue contributor to the global market in 2017 and is expected to maintain this domince throughout the forecast period. This is attributed to the fact that North America is an established market for radiofrequency device ablation technologies, wherein countries in this region adopt novel RFA devices including endoscope + RFA devices at the earliest. However, Asia-Pacific is expected to grow at the highest CAGR from 2018 to 2025, because this region is home to the worlds most diverse population groups and encompasses both developing and underdeveloped economies. With increase in burden of diseases across these countries, Asia-Pacific is anticipated to offer profitable opportunities for the market players focusing on expansion.

The major companies profiled in this report include Boston Scientific Corporation Conmed Corporation, Medtronic Plc (Covidien Plc), Smith & Nephew Plc, Stryker Corporation, Halyard Health, Inc., Abbott Laboratories (St. Jude Medical, Inc.), AngioDymics, Inc., Hologic, Inc., and AtriCure, Inc. Other prominent players in the value chain include Diros Technology, Inc., Arthrex, Inc., Biotronik, Cosman Medical, Inc., Fcare Systems, Johnson & Johnson (Biosense Webster & DePuy Mitek), Stockert GmbH, and ENDO-FLEX GmbH.
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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