Radiofrequency Ablation Devices Market Analysis 2022 to 2030 | Industry Demand, Size, Share, Trend, Key Players Review
Radiofrequency Ablation Devices Market
The Radiofrequency
Ablation Devices Market is expected to reach USD
3,425.33 Million by 2030 at 10.50% CAGR during the forecast period 2022-2030.
Factors such as the advantage of
radiofrequency ablation over other ablation medical procedures, the success
rate of radiofrequency are driving the growth of the market. Moreover,
complications such as acute respiratory distress syndrome where success rates
are low and burning sensation at the treatment site of tissue are some of the
factors hindering the growth of the market.
Major Key
Players:
Some of the key players in the global radiofrequency ablation
devices market players are Boston
scientific corporation, Medtronic Inc, Stryker, Cosman Medical, Inc., St. Jude
Medical, Smith & Nephew, Johnson & Johnson (J&J) services, LLC,
Angiodynamics, RF Medical Co, Ltd, AtriCure, Inc., and others.
Segment Analysis
The global radiofrequency ablation devices market is
segmented on the basis of type, application, and region.
On the basis of the type, the global radiofrequency
ablation devices market is segmented into Unipolar radiofrequency ablation and
Bipolar radiofrequency ablation. By application, the global radiofrequency
ablation devices market is categorized into Surgical Oncology, Cardiology
and Cardiac Rhythm Management, Gynecology, Cosmetology, Pain Management
Regional Analysis
The Americas dominates the global
market for radiofrequency ablation devices owing to the growing geriatric
population, increase in cancer cases, an increase in clinical research within
the region. Additionally, the increasing awareness about the cardiology
treatment and presence of developed economies and healthcare sector within the
region drives the market growth during the forecast period. In 2017, it was
estimated that Europe stood second in the global radiofrequency ablation
devices market due to the increasing prevalence of gynecology, cosmetology,
pain management, and others. Asia-Pacific was the fastest growing region for
the global radiofrequency ablation devices market in 2017. Factors such as
increased innovation and awareness about the available treatment methods fuel
the market growth within the region.
On the other hand, the Middle
East and Africa hold the least share in the global radiofrequency ablation
devices market. The presence of poor economies and low per capita income,
especially within the African region make the market to lag within the region.
A majority of the market share within this region is estimated to be held by
the Middle East.
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