Radiofrequency Ablation Devices Market Research Report: By Component (Catheter Systems, Generators, Accessories), Application (Oncology, Cardiology, Pain Management), End User (Hospitals, Ambulatory Surgical Centers)

The radiofrequency (RF) ablation devices market stood at $3,173.5 million in 2019, and it is projected to reach $11,080.3 million by 2030, exhibiting a 12.6% CAGR during the forecast period (2020-2030). This growth can be attributed to the improving healthcare infrastructure, surging cases of chronic disorders, technological developments, and booming geriatric population. Such devices use RF energy to destroy diseased tissue, such as tumors and arteriovenous malformations (AVMs), offering a shorter, less-painful, and less-invasive treatment option than conventional open surgeries.

Another growth driver for the market is the increase in the elderly population. Geriatric people, who are more susceptible to disorders and abnormalities, are opting for minimally invasive treatments for the treatment of chronic diseases, such as cancer and cardiovascular diseases (CVDs). According to the United Nations (UN) World Population Ageing 2019 report, the number of people aged 65 years or above will reach nearly 1.5 billion by 2050. Thus, the increasing geriatric population and prevalence of chronic diseases among the elderly will propel the market growth.

The categories under the component segment of the radiofrequency ablation devices market are catheter systems, accessories, and generators. During the forecast period, the catheter systems category is projected to display the fastest growth due to the rising cases of chronic diseases, which is leading to a large number of RF ablation treatments. Catheter systems encompass electrodes, probes, and catheters that are inserted into the affected parts of the body for ablation procedures. Moreover, catheter systems are disposable, unlike the generators and accessories.

During the forecast period, the Asia-Pacific (APAC) region is expected to register the fastest growth in the global radiofrequency ablation devices market. This can be ascribed to the increasing burden of chronic diseases and surging elderly population in the region. As per the 2019 World Population Ageing report of the United Nations, the population of people aged 65 years or above in Asia will be 954.7 million in 2050. A rise in the population of the elderly will result in more cases of chronic ailments, thereby driving the usage of RF ablation equipment.

Thus, the shift to minimally invasive procedures from open surgeries is propelling the market growth throughout the world.

Frequently Asked Questions about the Radiofrequency Ablation Devices Market

What is the estimated value of the Radiofrequency Ablation Devices Market?

The Radiofrequency Ablation Devices Market was estimated to be valued at $3173.5 Million in 2019.

What is the growth rate of the Radiofrequency Ablation Devices Market?

The growth rate of the Radiofrequency Ablation Devices Market is 12.6%, with an estimated value of $11080.3 Million by 2030.

What is the forecasted size of the Radiofrequency Ablation Devices Market?

The Radiofrequency Ablation Devices Market is estimated to be worth $11080.3 Million by 2030.

Who are the key companies in the Radiofrequency Ablation Devices Market?

Key companies in the Radiofrequency Ablation Devices Market include Johnson & Johnson, Abbott Laboratories, Smith & Nephew Plc, Stryker Corporation, Medtronic Plc, Boston Scientific Corporation, Baylis Medical Company Inc., Avanos Medical Inc., AngioDynamics Inc. and RF Medical Co. Ltd..

Report Attribute	Details
Published	December 2020
Forecast Period	2019 - 2030
Estimated Market Value ( USD ) in 2019	$ 3173.5 Million
Forecasted Market Value ( USD ) by 2030	$ 11080.3 Million
Compound Annual Growth Rate	12.6%
Regions Covered	Global
No. of Companies Mentioned	13

Chapter 1. Research Background

1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Component
1.3.2 Market Segmentation by Application
1.3.3 Market Segmentation by End User
1.3.4 Market Segmentation by Region
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.2 Primary Research
2.2.1 Split of Primary Research Information
2.2.2 Breakdown of Primary Research Respondents
2.2.2.1 By region
2.2.2.2 By industry participant
2.2.2.3 By company type
2.2.3 Breakdown of Primary Research by Company and Designation
2.3 Baseline Methodology
2.4 Market Size Estimation
2.5 Data Triangulation
2.6 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments
4.1.1 By Component
4.1.1.1 Catheter systems
4.1.1.2 Generators
4.1.1.3 Accessories
4.1.2 By End User
4.1.2.1 Hospitals
4.1.2.2 ASCs
4.1.2.3 Others
4.1.3 By Application
4.1.3.1 Oncology
4.1.3.2 Cardiology
4.1.3.3 Pain management
4.1.3.4 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Rising number of acquisitions in the market
4.2.2 Drivers
4.2.2.1 Increasing preference of minimally invasive treatment
4.2.2.2 Growing geriatric population worldwide
4.2.2.3 Surging number of cancer cases
4.2.2.4 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 Risk factors associated with ablation procedures
4.2.3.2 Significant incidence of product recalls
4.2.3.3 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 Increasing patient base in emerging economies
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Intensity of Rivalry
4.3.4 Threat of New Entrants
4.3.5 Threat of Substitutes
4.4 Impact of COVID-19

Chapter 5. Global Market Size and Forecast

5.1 By Component
5.2 By Application
5.3 By End User
5.4 By Region

Chapter 6. North America Market Size and Forecast

6.1 By Component
6.2 By Application
6.3 By End User
6.4 By Country
6.4.1 U.S. Market Size and Forecast
6.4.1.1 By component
6.4.1.2 By application
6.4.2 Canada Market Size and Forecast
6.4.2.1 By component
6.4.2.2 By application

Chapter 7. Europe Market Size and Forecast

7.1 By Component
7.2 By Application
7.3 By End User
7.4 By Country
7.4.1 Germany Market Size and Forecast
7.4.1.1 By component
7.4.1.2 By application
7.4.2 France Market Size and Forecast
7.4.2.1 By component
7.4.2.2 By application
7.4.3 U.K. Market Size and Forecast
7.4.3.1 By component
7.4.3.2 By application
7.4.4 Italy Market Size and Forecast
7.4.4.1 By component
7.4.4.2 By application
7.4.5 Spain Market Size and Forecast
7.4.5.1 By component
7.4.5.2 By application

Chapter 8. APAC Market Size and Forecast

8.1 By Component
8.2 By Application
8.3 By End User
8.4 By Country
8.4.1 Japan Market Size and Forecast
8.4.1.1 By component
8.4.1.2 By application
8.4.2 China Market Size and Forecast
8.4.2.1 By component
8.4.2.2 By application
8.4.3 India Market Size and Forecast
8.4.3.1 By component
8.4.3.2 By application

Chapter 9. LATAM Market Size and Forecast

9.1 By Component
9.2 By Application
9.3 By End User
9.4 By Country

Chapter 10. MEA Market Size and Forecast

10.1 By Component
10.2 By Application
10.3 By End User
10.4 By Country

Chapter 11. Competitive Landscape

11.1 Market Share Analysis
11.2 Strategic Developments of Key Players
11.2.1 Product Launches and Approvals
11.2.2 Acquisitions
11.2.3 Other Developments

Chapter 12. Company Profiles

12.1 Johnson & Johnson
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.2 Abbott Laboratories
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.2.3 Key Financial Summary
12.3 Smith & Nephew Plc
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.3.3 Key Financial Summary
12.4 Stryker Corporation
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.4.3 Key Financial Summary
12.5 Medtronic Plc
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.5.3 Key Financial Summary
12.6 Boston Scientific Corporation
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.6.3 Key Financial Summary
12.7 Baylis Medical Company Inc.
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.8 Avanos Medical Inc.
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.8.3 Key Financial Summary
12.9 AngioDynamics Inc.
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.9.3 Key Financial Summary
12.10 RF Medical Co. Ltd.
12.10.1 Business Overview
12.10.2 Product and Service Offerings
12.11 AtriCure Inc.
12.11.1 Business Overview
12.11.2 Product and Service Offerings
12.11.3 Key Financial Summary
12.12 MedSphere International Inc.
12.12.1 Business Overview
12.12.2 Product and Service Offerings
12.13 Diros Technology Inc.
12.13.1 Business Overview
12.13.2 Product and Service Offerings

Chapter 13. Appendix

13.1 Abbreviations
13.2 Sources and References
13.3 Related Reports

List of Tables

Table 1 Analysis Period of The Study
Table 2 Statistics of Various Diseases Over The Years
Table 3 Drivers For The Market: Impact Analysis
Table 4 Restraints For The Market: Impact Analysis
Table 5 Global Rfa Devices Market, By Component, $M (2014-2019)
Table 6 Global Rfa Devices Market, By Component, $M (2020-2030)
Table 7 Global Rfa Devices Market, By Application, $M (2014-2019)
Table 8 Global Rfa Devices Market, By Application, $M (2020-2030)
Table 9 Global Rfa Devices Market, By End User, $M (2014-2019)
Table 10 Global Rfa Devices Market, By End User, $M (2020-2030)
Table 11 Global Rfa Devices Market, By Region, $M (2014-2019)
Table 12 Global Rfa Devices Market, By Region, $M (2020-2030)
Table 13 North America Rfa Devices Market, By Component, $M (2014-2019)
Table 14 North America Rfa Devices Market, By Component, $M (2020-2030)
Table 15 North America Rfa Devices Market, By Application, $M (2014-2019)
Table 16 North America Rfa Devices Market, By Application, $M (2020-2030)
Table 17 North America Rfa Devices Market, By End User, $M (2014-2019)
Table 18 North America Rfa Devices Market, By End User, $M (2020-2030)
Table 19 North America Rfa Devices Market, By Country, $M (2014-2019)
Table 20 North America Rfa Devices Market, By Country, $M (2020-2030)
Table 21 U.S. Rfa Devices Market, By Component, $M (2014-2019)
Table 22 U.S. Rfa Devices Market, By Component, $M (2020-2030)
Table 23 U.S. Rfa Devices Market, By Application, $M (2014-2019)
Table 24 U.S. Rfa Devices Market, By Application, $M (2020-2030)
Table 25 Canada Rfa Devices Market, By Component, $M (2014-2019)
Table 26 Canada Rfa Devices Market, By Component, $M (2020-2030)
Table 27 Canada Rfa Devices Market, By Application, $M (2014-2019)
Table 28 Canada Rfa Devices Market, By Application, $M (2020-2030)
Table 29 Europe Rfa Devices Market, By Component, $M (2014-2019)
Table 30 Europe Rfa Devices Market, By Component, $M (2020-2030)
Table 31 Europe Rfa Devices Market, By Application, $M (2014-2019)
Table 32 Europe Rfa Devices Market, By Application, $M (2020-2030)
Table 33 Europe Rfa Devices Market, By End User, $M (2014-2019)
Table 34 Europe Rfa Devices Market, By End User, $M (2020-2030)
Table 35 Europe Rfa Devices Market, By Country, $M (2014-2019)
Table 36 Europe Rfa Devices Market, By Country, $M (2020-2030)
Table 37 Germany Rfa Devices Market, By Component, $M (2014-2019)
Table 38 Germany Rfa Devices Market, By Component, $M (2020-2030)
Table 39 Germany Rfa Devices Market, By Application, $M (2014-2019)
Table 40 Germany Rfa Devices Market, By Application, $M (2020-2030)
Table 41 France Rfa Devices Market, By Component, $M (2014-2019)
Table 42 France Rfa Devices Market, By Component, $M (2020-2030)
Table 43 France Rfa Devices Market, By Application, $M (2014-2019)
Table 44 France Rfa Devices Market, By Application, $M (2020-2030)
Table 45 U.K. Rfa Devices Market, By Component, $M (2014-2019)
Table 46 U.K. Rfa Devices Market, By Component, $M (2020-2030)
Table 47 U.K. Rfa Devices Market, By Application, $M (2014-2019)
Table 48 U.K. Rfa Devices Market, By Application, $M (2020-2030)
Table 49 Italy Rfa Devices Market, By Component, $M (2014-2019)
Table 50 Italy Rfa Devices Market, By Component, $M (2020-2030)
Table 51 Italy Rfa Devices Market, By Application, $M (2014-2019)
Table 52 Italy Rfa Devices Market, By Application, $M (2020-2030)
Table 53 Spain Rfa Devices Market, By Component, $M (2014-2019)
Table 54 Spain Rfa Devices Market, By Component, $M (2020-2030)
Table 55 Spain Rfa Devices Market, By Application, $M (2014-2019)
Table 56 Spain Rfa Devices Market, By Application, $M (2020-2030)
Table 57 Apac Rfa Devices Market, By Component, $M (2014-2019)
Table 58 Apac Rfa Devices Market, By Component, $M (2020-2030)
Table 59 Apac Rfa Devices Market, By Application, $M (2014-2019)
Table 60 Apac Rfa Devices Market, By Application, $M (2020-2030)
Table 61 Apac Rfa Devices Market, By End User, $M (2014-2019)
Table 62 Apac Rfa Devices Market, By End User, $M (2020-2030)
Table 63 Apac Rfa Devices Market, By Country, $M (2014-2019)
Table 64 Apac Rfa Devices Market, By Country, $M (2020-2030)
Table 65 Japan Rfa Devices Market, By Component, $M (2014-2019)
Table 66 Japan Rfa Devices Market, By Component, $M (2020-2030)
Table 67 Japan Rfa Devices Market, By Application, $M (2014-2019)
Table 68 Japan Rfa Devices Market, By Application, $M (2020-2030)
Table 69 China Rfa Devices Market, By Component, $M (2014-2019)
Table 70 China Rfa Devices Market, By Component, $M (2020-2030)
Table 71 China Rfa Devices Market, By Application, $M (2014-2019)
Table 72 China Rfa Devices Market, By Application, $M (2020-2030)
Table 73 India Rfa Devices Market, By Component, $M (2014-2019)
Table 74 India Rfa Devices Market, By Component, $M (2020-2030)
Table 75 India Rfa Devices Market, By Application, $M (2014-2019)
Table 76 India Rfa Devices Market, By Application, $M (2020-2030)
Table 77 Latam Rfa Devices Market, By Component, $M (2014-2019)
Table 78 Latam Rfa Devices Market, By Component, $M (2020-2030)
Table 79 Latam Rfa Devices Market, By Application, $M (2014-2019)
Table 80 Latam Rfa Devices Market, By Application, $M (2020-2030)
Table 81 Latam Rfa Devices Market, By End User, $M (2014-2019)
Table 82 Latam Rfa Devices Market, By End User, $M (2020-2030)
Table 83 Latam Rfa Devices Market, By Country, $M (2014-2019)
Table 84 Latam Rfa Devices Market, By Country, $M (2020-2030)
Table 85 Mea Rfa Devices Market, By Component, $M (2014-2019)
Table 86 Mea Rfa Devices Market, By Component, $M (2020-2030)
Table 87 Mea Rfa Devices Market, By Application, $M (2014-2019)
Table 88 Mea Rfa Devices Market, By Application, $M (2020-2030)
Table 89 Mea Rfa Devices Market, By End User, $M (2014-2019)
Table 90 Mea Rfa Devices Market, By End User, $M (2020-2030)
Table 91 Mea Rfa Devices Market, By Country, $M (2014-2019)
Table 92 Mea Rfa Devices Market, By Country, $M (2020-2030)
Table 93 Johnson & Johnson - At A Glance
Table 94 Johnson & Johnson - Key Financial Summary
Table 95 Abbott Laboratories - At A Glance
Table 96 Abbott Laboratories - Key Financial Summary
Table 97 Smith & Nephew Plc - At A Glance
Table 98 Smith & Nephew Plc - Key Financial Summary
Table 99 Stryker Corporation - At A Glance
Table 100 Stryker Corporation - Key Financial Summary
Table 101 Medtronic Plc - At A Glance
Table 102 Medtronic Plc - Key Financial Summary
Table 103 Boston Scientific Corporation - At A Glance
Table 104 Boston Scientific Corporation - Key Financial Summary
Table 105 Baylis Medical Company Inc. - At A Glance
Table 106 Avanos Medical Inc. - At A Glance
Table 107 Avanos Medical Inc. - Key Financial Summary
Table 108 Angiodynamics Inc. - At A Glance
Table 109 Angiodynamics Inc. - Key Financial Summary
Table 110 Rf Medical Co. Ltd. - At A Glance
Table 111 Atricure Inc. - At A Glance
Table 112 Atricure Inc. - Key Financial Summary
Table 113 Medsphere International Inc. - At A Glance
Table 114 Diros Technology Inc. - At A Glance

List of Figures

Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Regional Split of Primary And Secondary Research
Fig 4 Breakdown of Primary Research By Region
Fig 5 Breakdown of Primary Research By Industry Participant
Fig 6 Breakdown of Primary Research By Company Type
Fig 7 Data Triangulation Approach
Fig 8 Global Rfa Devices Market Summary
Fig 9 Country-Wise Growth In Geriatric Population
Fig 10 Bargaining Power of Buyers
Fig 11 Bargaining Power of Suppliers
Fig 12 Intensity of Rivalry
Fig 13 Threat of New Entrants
Fig 14 Threat of Substitutes
Fig 15 Global Rfa Devices Market Snapshot
Fig 16 Global Rfa Devices Market, By Component, $M (2014-2030)
Fig 17 Global Rfa Devices Market, By Application, $M (2014-2030)
Fig 18 Global Rfa Devices Market, By End User, $M (2014-2030)
Fig 19 Global Rfa Devices Market, By Region, $M (2014-2030)
Fig 20 North America Rfa Devices Market Snapshot
Fig 21 North America Rfa Devices Market, By Component, $M (2014-2030)
Fig 22 North America Rfa Devices Market, By Application, $M (2014-2030)
Fig 23 North America Rfa Devices Market, By End User, $M (2014-2030)
Fig 24 North America Rfa Devices Market, By Country, $M (2014-2030)
Fig 25 Europe Rfa Devices Market Snapshot
Fig 26 Europe Rfa Devices Market, By Component, $M (2014-2030)
Fig 27 Europe Rfa Devices Market, By Application, $M (2014-2030)
Fig 28 Europe Rfa Devices Market, By End User, $M (2014-2030)
Fig 29 Europe Rfa Devices Market, By Country, $M (2014-2030)
Fig 30 Apac Rfa Devices Market Snapshot
Fig 31 Apac Rfa Devices Market, By Component, $M (2014-2030)
Fig 32 Apac Rfa Devices Market, By Application, $M (2014-2030)
Fig 33 Apac Rfa Devices Market, By End User, $M (2014-2030)
Fig 34 Apac Rfa Devices Market, By Country, $M (2014-2030)
Fig 35 Latam Rfa Devices Market Snapshot
Fig 36 Latam Rfa Devices Market, By Component, $M (2014-2030)
Fig 37 Latam Rfa Devices Market, By Application, $M (2014-2030)
Fig 38 Latam Rfa Devices Market, By End User, $M (2014-2030)
Fig 39 Latam Rfa Devices Market, By Country, $M (2014-2030)
Fig 40 Mea Rfa Devices Market Snapshot
Fig 41 Mea Rfa Devices Market, By Component, $M (2014-2030)
Fig 42 Mea Rfa Devices Market, By Application, $M (2014-2030)
Fig 43 Mea Rfa Devices Market, By End User, $M (2014-2030)
Fig 44 Mea Rfa Devices Market, By Country, $M (2014-2030)
Fig 45 Global Rfa Devices Market Share Analysis (2019)
Fig 46 Johnson & Johnson - Revenue Split By Segment And Geography (2019)
Fig 47 Abbott Laboratories - Revenue Split By Segment And Geography (2019)
Fig 48 Smith & Nephew Plc - Revenue Split By Segment And Geography (2019)
Fig 49 Stryker Corporation - Revenue Split By Segment And Geography (2019)
Fig 50 Medtronic Plc - Revenue Split By Segment And Geography (2019)
Fig 51 Boston Scientific Corporation - Revenue Split By Segment And Geography (2019)
Fig 52 Avanos Medical Inc. - Revenue Split By Category And Geography (2019)
Fig 53 Angiodynamics Inc. - Revenue Split By Category And Geography (2020)
Fig 54 Atricure Inc. - Revenue Split By Segment And Geography (2019)