Radiofrequency Ablation Devices Market Research Report 2021 - ResearchAndMarkets.com

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DUBLIN, Jun 18, 2021--(BUSINESS WIRE)--The "Radiofrequency Ablation Devices Market Research Report: By Component (Catheter Systems, Generators, Accessories), Application (Oncology, Cardiology, Pain Management), End User (Hospitals, Ambulatory Surgical Centers) - Global Industry Analysis and Demand" report has been added to ResearchAndMarkets.com's offering.

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.

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

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

4.4 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

Chapter 7. Europe Market Size and Forecast

Chapter 8. APAC Market Size and Forecast

Chapter 9. LATAM Market Size and Forecast

Chapter 10. MEA Market Size and Forecast

Chapter 11. Competitive Landscape

11.1 Market Share Analysis

11.2 Strategic Developments of Key Players

Chapter 12. Company Profiles

  • Johnson & Johnson

  • Abbott Laboratories

  • Smith & Nephew Plc

  • Stryker Corporation

  • Medtronic Plc

  • Boston Scientific Corporation

  • Baylis Medical Company Inc.

  • Avanos Medical Inc.

  • AngioDynamics Inc.

  • RF Medical Co. Ltd.

  • AtriCure Inc.

  • MedSphere International Inc.

  • Diros Technology Inc.

For more information about this report visit https://www.researchandmarkets.com/r/5zwftl

View source version on businesswire.com: https://www.businesswire.com/news/home/20210618005311/en/

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