Radiofrequency Ablation Devices Market, By Product (Capital Disposable and Reusable Equipment), By Application (Cardiology, Surgical Oncology, Pain Management, Gynecology, Hypertension, and Cosmetology), and Geography (NA, EU, APAC, and RoW) Analysis, Share, Trends, Size, & Forecast From 2014 2025
REPORT HIGHLIGHT
The radiofrequency ablation devices market is estimated to represent a global market of USD 2.6 billion by 2017 with growth rate of 10.9%.
Market Dynamics
Radio frequency ablation is a process of minimizing pain. It is done through electric current generated through radio wave. The current heats up the affected area, thus reduces the pain from that particular segment. As per the report of American Heart Association (AHA), the success rate of radio frequency ablation of more than 90%. It is quite effective in curing chronic diseases like atrial tachycardia and atrial fibrillation. This technique has done wonders for cancer treatment. According to the World Health Organization (WHO), cancer is the second leading cause of death across the globe. As per the organization, the death counts due to cancer touched 9.6 million in 2018. But the good news is that the radiofrequency ablation can treat this deadly disease and is effective for several types of cancers like kidney, liver and bone.
The emergence of radio frequency ablation devices successfully manages pain and its market is expected to excel in near future. With the aging population and increasing prevalence of chronic diseases, the demand for radio frequency ablation devices is anticipated to rise in future. In terms of revenue generation, it is expected that the pain management market vendors will create a demand of radio frequency ablation devices during the forecast period. The geriatric population is more afraid of diseases and can’t tolerate pain along with invasive treatment. For them radiofrequency ablation is a boon. This technique can help them in pain management with fast relief and healing.
Product Takeaway
The major types of Radiofrequency ablation (minimally invasive procedure) are categorized into capital, disposable and reusable equipment. These products are increasingly used in minimally invasive procedure for conditions such a cardiology and it is estimated to grow with a significant growth rate because of its wide acceptability. Radiofrequency ablation is gaining popularity as compared to open/invasive surgeries. This is because of its instant relief from chronic pain especially in neck, lower back and arthritic joints. This procedure caters low risk of side effects, short recovery duration and less post-procedure complications.
Application Takeaway
Technology wise, the market is divided as Cosmetology, Surgical oncology, Gynecology, Pain management, Cardiology cardiac rhythm management, and Hypertension. Among which, surgical oncology generates the highest revenue. It is highly popular because it offers more convenience to patients in terms of faster recovery, and lower complications. Hypertension application is yielding low revenue at present but holds of promise due to its impressive growth rate.
Further, this technology is playing an imperative role in curing chronic diseases through a rendition of effective and fast result with minimum distress to the patient. Among 10 patients who opt for radiofrequency ablation, 7 experiences relief from their pain.
Regional Takeaway
Geographically Europe and North America are estimated to get high demand of Radiofrequency ablation followed by Asia Pacific. The ablation market of Europe is estimated to cross US$ 3.09 billion till 2025 with a CAGR of 15.2%.
Key Vendor Takeaway
Companies like Accuray, Stryker Corporation, Neurotherm Inc., St. Jude Medical Inc., Diros Technology Inc., Biosense Webster,Kimberly-Clark Corporation, Cosman Medical Inc. are involved in this market. Vendors need to target regions which comprise of high percentage of elderly for high opportunities of revenue.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2017
- Estimated Year – 2018
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies and Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
- Capital equipment
- Disposable equipment
- Reusable equipment
MARKET, BY APPLICATION
- Cardiology and cardiac rhythm management
- Surgical oncology
- Pain Management
- Gynecology
- Hypertension
- Cosmetology
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Rest of APAC
- Rest of the World
- Middle East and Africa
TABLE OF CONTENT
1. RADIOFREQUENCY ABLATION DEVICES MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. RADIOFREQUENCY ABLATION DEVICES KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. RADIOFREQUENCY ABLATION DEVICES INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. RADIOFREQUENCY ABLATION DEVICES MARKET LANDSCAPE
5.1. Market Share Analysis
6. RADIOFREQUENCY ABLATION DEVICES MARKET – BY PRODUCT
6.1. Overview
6.2. Capital equipment
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Disposable equipment
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Reusable equipment
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. RADIOFREQUENCY ABLATION DEVICES MARKET – BY APPLICATION
7.1. Overview
7.2. Cardiology and cardiac rhythm management
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Surgical oncology
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Pain Management
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Gynecology
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.6. Hypertension
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.7. Cosmetology
7.7.1. Overview
7.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. RADIOFREQUENCY ABLATION DEVICES MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. KEY VENDOR ANALYSIS
9.1. Accuray
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. Stryker Corporation
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. Neurotherm Inc.
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. St. Jude Medical Inc.
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. Diros Technology Inc.
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
9.6. Biosense Webster
9.6.1. Company Overview
9.6.2. SWOT Analysis
9.6.3. Key Developments
9.7. Kimberly-Clark Corporation
9.7.1. Company Overview
9.7.2. SWOT Analysis
9.7.3. Key Developments
9.8. Cosman Medical Inc.
9.8.1. Company Overview
9.8.2. SWOT Analysis
9.8.3. Key Developments
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us
List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Radiofrequency Ablation Devices Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Radiofrequency Ablation Devices Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Radiofrequency Ablation Devices Market, by Application, 2014 – 2025 (USD Billion)
Table 12 Radiofrequency Ablation Devices Market, by Geography, 2014 – 2025 (USD Billion)
Table 13 North America Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 14 U.S. Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 15 Canada Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 16 Europe Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 17 France Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 18 Germany Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 19 Asia Pacific Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 20 China Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 21 India Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 22 Latin America Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 23 MEA Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Radiofrequency Ablation Devices Market, by Product, 2014 – 2025 (USD Billion)
Figure 6 Radiofrequency Ablation Devices Market, by Application, 2014 – 2025 (USD Billion)
Figure 7 Radiofrequency Ablation Devices Market, by Geography, 2014 – 2025 (USD Billion)
