Transparency Market Research (TMR) has published a new report titled, ‘Radiofrequency Ablation Devices for Pain Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global radiofrequency ablation devices for pain management market was valued at US$ 543.0 Mn in 2018 and is projected to expand at a CAGR of above 11.0% from 2019 to 2027.
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Overview
- Radiofrequency ablation is a minimally invasive surgical procedure that involves a local anesthetic and mild sedation. This procedure is primarily used to reduce chronic low-back and neck pain.
- The procedure involves heating a small area of nervous tissue under controlled temperature and as a result help in blockage of pain signals transmitting from that area.
- North America dominated the global radiofrequency ablation devices for pain management market in 2018 and the trend is anticipated to continue during the forecast period. Rise in awareness regarding the treatment benefits, high incidence rate of chronic pain among the population in the U.S. are expected to drive the market in North America.
- However, Asia Pacific is likely to be a highly lucrative market for radiofrequency ablation devices for pain management and it is expected to expand at a high CAGR during the forecast period
Growing adoption of RF ablation for pain management among end-users to Drive Market
- Pain leads to severe complications, if proper care or treatment is not taken for a long time. High adverse effects and lower efficiency of alternate pain relief procedures and therapeutics such as opioids, acupuncture, and acupressure has led to surge in adoption of radiofrequency ablation devices, which offer better treatment with minimal side effects.
- Hence, high availability, easy access, increased awareness, cost-effectiveness, and quick relief provide RF ablation devices for pain management a cutting edge over other treatment options. This is likely to augment the demand for the use of radiofrequency ablation device for pain management in the market.
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Disposable Products Segment to Dominate Market
- Based on product type, the global radiofrequency ablation devices for pain management market is classified into RF generators, reusable products and disposable products. The reusable product further segmented into probes and electrodes and disposable products classified as cannulas, needles and single-use probes and electrodes.
- Disposable cannulas and probes offers reduction in sterilization costs. Additionally, the connector cables provided for single use probes are long enough to stay out of the sterile field, thus preventing infection. Moreover, it allows temperature-controlled lesion generation procedure. This boosts demand for the disposable products.
Hospital to be Highly Lucrative Segment
- In terms of end-user, the global radiofrequency ablation devices for pain management market has been segmented into hospitals, ambulatory surgical centers and specialty clinics.
- The hospitals segment is expected to hold the major market share in The hospitals end-user segment is driven by increasing occurrences of chronic pain disorders especially among elderly individuals.
- Moreover, rise in the number of patients suffering from different types of pain getting admitted to hospitals, favorable reimbursement policies, and availability of technologically advanced products in hospitals is likely to drive the segment.
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North America to Dominate Global Market
- In terms of region, the global radiofrequency ablation devices for pain management market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global radiofrequency ablation devices for pain management market in2018, followed by Europe.
- North America accounted for major share of the global radiofrequency ablation devices for pain management market in 2018, attributed by rise in geriatric population with chronic pain, pharmacology medication resistance and rise in awareness about the advantages of radiofrequency ablation therapy for pain management. Moreover, launch of new devices that address the unmet medical needs drive the market.
- Key players are investing to expand their reach and strengthen their market position in North America market through new product development and approavls, in 2019,Medtronic launched its product Accurian RF system in the U.S.
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Competitive Landscape
- The global radiofrequency ablation devices for pain management market is fragmented in terms of number of players. Key players in the global market include Boston Scientific Corporation, Diros Technology, Inc., Halyard Health, Inc., Abbott, Stryker Corporation, Olympus Corporation, Merit Medical Systems, Medtronic plc, and AngioDynamic, Inc. among others among others
The global radiofrequency ablation devices for pain management market has been segmented as follows:
- Global Radiofrequency Ablation Devices For Pain Management Market, by Treatment
- RF Generators
- Reusable Products
- Probes
- Electrodes
- Disposable Products
- Cannulas
- Needles
- Single-use Probes and Electrodes
- Global Radiofrequency Ablation Devices For Pain Management Market, by End-user
- Hospitals
- 500+ Beds
- 250-499 Beds
- Less than 250 Beds
- Specialty Clinics
- Ambulatory Surgical Centers
- Hospitals
- Global Radiofrequency Ablation Devices For Pain Management Market, by Region
- North America
- S.
- Canada
- Europe
- Germany
- K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- North America
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Market HighlightsThe global radiofrequency ablation devices market is expected to grow at an approximate CAGR of 11.2% during the forecast period of 2018–2023.
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.Request Sample Copyhttps://www.marketresearchfuture.com/sample_request/7634SegmentationThe global radiofrequency ablation devices market is segmented on the basis of type, application, and region.Based on 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 ManagementRegional AnalysisThe 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.
The Global Radiofrequency Ablation Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Radiofrequency Ablation Devices Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10376-radiofrequency-ablation-devices-market-reportThe report also covers the complete competitive landscape of the global Radiofrequency Ablation Devices market with company profiles of key players such as:Accuray Inc.AngioDynamics.Biosense WebsterBoston Scientific.Cosman Medical Inc.Covidien.DFINE Inc.Diros Technology Inc.Kimberly-Clark.NeuroTherm (St. Jude Medical).RF Medical Co. Ltd.St.
Jude Medical.STARmed.Stryker CorporationA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Product:Capital EquipmentReusable EquipmentReusable Radiofrequency ProbesReusable Radiofrequency ElectrodesDisposable EquipmentDisposable Radiofrequency CannulasDisposable Radiofrequency NeedlesDisposable Radiofrequency Single-Use probesDisposable Radiofrequency Single-Use ElectrodesBy Applications:Surgical OncologyCardiology & Cardiac Rhythm ManagementPain ManagementGynecologyHypertensionCosmetologyBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Rest of the World (RoW)Download Free Sample Report of Global Radiofrequency Ablation Devices Market @ https://www.decisiondatabases.com/contact/download-sample-10376The Global Radiofrequency Ablation Devices Market has been exhibited in detail in the following chapters –Chapter 1 Radiofrequency Ablation Devices Market PrefaceChapter 2 Executive SummaryChapter 3 Radiofrequency Ablation Devices Industry AnalysisChapter 4 Radiofrequency Ablation Devices Market Value Chain AnalysisChapter 5 Radiofrequency Ablation Devices Market Analysis By ProductChapter 6 Radiofrequency Ablation Devices Market Analysis By ApplicationsChapter 7 Radiofrequency Ablation Devices Market Analysis By GeographyChapter 8 Competitive Landscape Of Radiofrequency Ablation Devices CompaniesChapter 9 Company Profiles Of Radiofrequency Ablation Devices IndustryPurchase the complete Global Radiofrequency Ablation Devices Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10376Other Reports by DecisionDatabases.com:Global Radiotherapy Equipment Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Nuclear Medicine / Radiopharmaceuticals Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
