Radiofrequency Ablation Devices, Information by type (Unipolar radiofrequency Ablation & Bipolar Radiofrequency Ablation), & Application (Surgical Oncology, Cardiology & Cardiac Rhythm Management, Gynecology, &Cosmetology)—Global Forecast till 2023
Radiofrequency Ablation Devices Market Synopsis
According to the research conducted at Market Research Future Reports (MRFR), the global radiofrequency ablation devices market is estimated to record a CAGR of 11.2% during the review period from 2018 to 2023. The advantage of radiofrequency ablation over other ablation medical procedures is projected to be the most significant factor driving the global radiofrequency ablation devices market 2020. Also, the higher success rate of radiofrequency is estimated to escalate the global radiofrequency ablation devices market at a global front.
Besides, the increasing healthcare expenditure due to the growing diseases and victims is likely to have a substantial impact on the market in the forthcoming period. Diseases such as arthritis and osteoporosis have increased in number from the past few years, leading to significant growth in the market. Further, the increasing geriatric population is another crucial factor leading to the rise in the global radiofrequency ablation devices market.
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However, complications such as acute respiratory distress syndrome, which has a very low success rate, and the burning sensation are the treatment site of tissue are some of the important factors resulting in the obstruction of the global radiofrequency ablation devices market.
Radiofrequency Ablation Devices Market Segmentation
The global radiofrequency ablation devices market can be segmented on the basis of application, type, and geography.
On the basis of application, the global radiofrequency ablation devices market can be distinguished into Surgical Oncology, Cardiology and Cardiac Rhythm Management, Gynecology, Cosmetology, Pain Management
On the basis of type, the global radiofrequency ablation devices market can be distinguished into unipolar radiofrequency ablation and bipolar radiofrequency ablation
On the basis of geography, the global radiofrequency ablation devices market can be distinguished into the Americas, Europe, North America, Asia-Pacific, and the Middle East and Africa.
Radiofrequency Ablation Devices Regional Analysis
The global market for radiofrequency ablation devices is estimated to grow significantly during the review period. On the basis of region, the market can be segregated into the Americas, Europe, North America, Asia-Pacific, and the Middle East and Africa. As per the study, the global market is projected to be dominated by the Americas. The increasing cancer cases, along with the rising geriatric population, are estimated to be the most significant factor leading to the growth of the regional market. Further, the rise in the healthcare sector in the region is estimated to drive the regional market. The European market is projected to hold the second position in the global market.
The increasing cases of cosmetology, gynecology, and pain management in the region is estimated to augment the regional market. The APAC region is projected to acquire the third position. However, the APAC region is likely to expand at the fastest pace during the review period. The increasing innovation and awareness about the medication in the region are likely to propel the regional market. On the contrary, the MEA region is estimated to acquire the least market share in the global market. The slow growth in the region can be accredited to the presence of low economy nations. The African regions lag behind. The majority of the market is anticipated to be acquired in the Middle East region. The developed economies, such as Dubai, Kuwait, and other Middle East nations, make most of the valuable contribution to expanding the market.
Radiofrequency Ablation Devices Key Players
The renowned players of the global radiofrequency ablation services market are Medtronic Inc, Stryker, Boston scientific corporation, Cosman Medical, Inc., Smith & Nephew, St. Jude Medical, Johnson & Johnson (J&J) services, Angiodynamics, LLC, RF Medical Co, Ltd, AtriCure, Inc., and others.
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