The radiofrequency ablation devices market was valued at US$ 3,302.55 million in 2019 and is projected to reach US$ 7,711.72 million in 2027; it is expected to grow at a CAGR of 11.5% during 2020-2027.
Emerging application of radiofrequency ablation technology and rising preference for minimally invasive surgical procedures are the driving factors for the growth of the radiofrequency ablation devices market. However, side effects associated with radiofrequency ablation devices is likely to obstruct the growth of the radiofrequency ablation devices market during the forecast period.
Minimally invasive treatment procedures are carried out with smaller incisions, less pain, shorter hospital stay, faster recovery, less scarring, and increased accuracy, which is leading to a greater preference for these procedures across the world. Moreover, due to lowered pain and discomfort, patients undergoing minimally invasive surgeries do not require highdoses of painkillers. Minimally invasive procedures have small size of the incision which helps in healing faster than conventional surgeries. Thereby, allowing patients to get back to their normal lives quickly.
Radiofrequency ablation is a minimally invasive procedure that involves the injection of local anesthesia, followed by the insertion of a thin needle through a tiny incision to pass heat and electrical energy. The technology avoids scars and other risks associated with traditional open surgeries. As the procedure is devoid of large cuts, it can be carried on extremely sick or old patients, as they cannot bear the stress associated with open surgeries. These benefits of the minimally invasive surgeries enabled with radiofrequency ablation technique are driving the growth of the market.
The global radiofrequency ablation devices market is segmented by product, and application. Based on product, the radiofrequency ablation devices market is segmented into devices and disposables. The disposables segment held the largest share of the market in 2019 and is anticipated to register the highest CAGR in the market during the forecast period. Based on application, the radiofrequency ablation devices markethas been segmented into surgical oncology, cardiology, gynecology, cosmetology, and pain management. The surgical oncology segment held the largest share of the market in 2019; however, cardiology segment is estimated to register the highest CAGR in the market during the forecast period.
American Cancer Society, World Health Organization (WHO), Center for Cancer Ablation Therapy, Centers For Disease Control and Prevention, Korea Food and Drug Administration, Organisation for Economic Co-operation and Development, and InstitutoNacional de Cancerologíaare some of the essential secondary sources included in the report.
Reasons to Buy
Emerging application of radiofrequency ablation technology and rising preference for minimally invasive surgical procedures are the driving factors for the growth of the radiofrequency ablation devices market. However, side effects associated with radiofrequency ablation devices is likely to obstruct the growth of the radiofrequency ablation devices market during the forecast period.
Minimally invasive treatment procedures are carried out with smaller incisions, less pain, shorter hospital stay, faster recovery, less scarring, and increased accuracy, which is leading to a greater preference for these procedures across the world. Moreover, due to lowered pain and discomfort, patients undergoing minimally invasive surgeries do not require highdoses of painkillers. Minimally invasive procedures have small size of the incision which helps in healing faster than conventional surgeries. Thereby, allowing patients to get back to their normal lives quickly.
Radiofrequency ablation is a minimally invasive procedure that involves the injection of local anesthesia, followed by the insertion of a thin needle through a tiny incision to pass heat and electrical energy. The technology avoids scars and other risks associated with traditional open surgeries. As the procedure is devoid of large cuts, it can be carried on extremely sick or old patients, as they cannot bear the stress associated with open surgeries. These benefits of the minimally invasive surgeries enabled with radiofrequency ablation technique are driving the growth of the market.
The global radiofrequency ablation devices market is segmented by product, and application. Based on product, the radiofrequency ablation devices market is segmented into devices and disposables. The disposables segment held the largest share of the market in 2019 and is anticipated to register the highest CAGR in the market during the forecast period. Based on application, the radiofrequency ablation devices markethas been segmented into surgical oncology, cardiology, gynecology, cosmetology, and pain management. The surgical oncology segment held the largest share of the market in 2019; however, cardiology segment is estimated to register the highest CAGR in the market during the forecast period.
American Cancer Society, World Health Organization (WHO), Center for Cancer Ablation Therapy, Centers For Disease Control and Prevention, Korea Food and Drug Administration, Organisation for Economic Co-operation and Development, and InstitutoNacional de Cancerologíaare some of the essential secondary sources included in the report.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the radiofrequency ablation devices market .
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global radiofrequency ablation devices market , thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction
3. Research Methodology
4. Radiofrequency Ablation Devices - Market Landscape
5. Radiofrequency Ablation Devices- Key Market Dynamics
6. Radiofrequency Ablation Devices Market - Global Analysis
7. Radiofrequency Ablation Devices Market Analysis - By Product
8. Radiofrequency ablation devices Market - By Application
9. Radiofrequency Ablation Devices Market - Geographic Analysis
10. Impact Of COVID-19 Pandemic On Global Radiofrequency Ablation Devices Market
11. Radiofrequency Ablation Devices Market -Industry Landscape
12. COMPANY PROFILES
13. Appendix
Companies Mentioned
A selection of companies mentioned in this report includes:
- Avanos Medical Inc.
- Stryker
- Abbott
- Medtronic
- Boston Scientific
- Bard (BD)
- Angiodynamic
- Hologic
- Articure
- Merit medical