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Radiofrequency Ablation Device Market Benefit and Volume 2018 with Status and Prospect to 2026

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Radiofrequency ablation device is an electrical conduction system that utilizes high frequency alternating current to convert electromagnetic energy into heat energy. Radiofrequency ablation is a minimally invasive technique to treat medical conditi
Radiofrequency Ablation Device Market:
Segmentation Application, Technology & Market
Analysis Report 2018-2026
Radiofrequency Ablation Device Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018-2026
Radiofrequency ablation device is an electrical conduction system that utilizes high frequency
alternating current to convert electromagnetic energy into heat energy. Radiofrequency ablation is a
minimally invasive technique to treat medical conditions like cancer tumors with imaging techniques
including magnetic resonance imaging, ultrasound and computed tomography. Radiofrequency ablation
devices use non-surgical procedures to destroy carcinogenic cells by removing the obstructive tissues
and nerves. Click To Read More On Radiofrequency Ablation Device Market
The technique involves insertion of needle through the skin onto the tumor to target the abnormal
tissues with radio-frequency electrical energy causing the tumor to heat through an active electrode tip.
Radiofrequency ablation technology has wide applications in medical fields such as oncology, cerebral
tumors, gynecology, cardiac rhythm and renal denervation for hypertension, pain management, and
cosmetology.
Rising Prevalence of Chronic Pain to have sizeable positive impact on market growth
According to The American Academy of Pain Medicine, in 2012, 1.5 billion people were estimated to
suffer from chronic pain globally, with the incidence rate increasing complementary to age. Rising
incidence of cancerous tumors, arrhythmia, tachycardia and chronic pain in the global population
ensures the global radiofrequency ablation device market to grow steadily. The presence of high
procedure volumes ensuring non-surgical procedures and fast recovery of the patients is a key factor
attributing to the rising demand of radiofrequency ablation.
The radiofrequency ablation market is driven by its feature of specificity that targets only the particular
sites within the tissue, causing negligible damage to the surrounding tissues. Additionally, increasing
usage in ambulatory surgical centers owing to lesser number of complications post-surgery is expected
to boost the growth of global radiofrequency ablation devices in the forecast period.
The disposables equipment segment accounts for a larger share in radiofrequency ablation device
market
The global radiofrequency ablation device market is segmented on the basis of product type,
application, end user and geography.
On the basis of product type: Disposable Equipment, Cannula, Needles, Capital Equipment,
Radiofrequency Generators, Reusable Equipment, Probes, Electrodes.
On the basis of applications: Surgical Oncology, Gynecology, Cosmetology, Cardiology & Cardiac
Rhythm Management, Hypertension, Others.
On the basis of end user: Hospitals, Specialty Clinics, Ambulatory Surgical Centers.
Increasing number of atrial fibrillation cases is expected to dominate North America in
radiofrequency ablation device market
Regional segmentation of the radiofrequency ablation device market by Coherent Market Insights
comprises North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. According
to Centers for Disease Control & Prevention, an estimated 2.7-6.1 million people in the U.S., suffer
from atrial fibrillation for which more than 750,000 hospitalizations occur each year, thus increasing
the demand of radiofrequency ablation devices.
The presence of high patient awareness, knowledge pertaining to ablation treatments, sophisticated
reimbursement framework and usage of advanced technologies are the factors due to which North
America is dominating in the global radiofrequency ablation device market. The market in Asia Pacific
is expected to rise over the forecast period owing to the government initiatives to ensure improved
healthcare access, availability of large number of patients with unmet medical needs and increased
spending capacity of patients.
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The emergence of innovative portfolios to address multiple applications targeting single medical
condition fuels the demand by some manufacturers
Key players of the radiofrequency ablation device market include Boston Scientific, St Jude Medical,
Medtronic, Covidien and Stryker. Other prominent vendors include Imricor Medical Systems, AtriCure,
BIOTRONIK, MicroPort Scientific and Spacelabs Healthcare. The strategies adopted by the
manufacturers include addressing multiple applications like tumor ablation with pain management for
treating single medical condition. For instance, St Jude Medical's portfolio addresses arrhythmia
through devices such as denervation system and neuromodulation for chronic pain.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready
syndicated research reports, custom market analysis, consulting services, and competitive analysis
through various recommendations related to emerging market trends, technologies, and potential
absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: +1–206–701–6702
Email: [email protected]
Author
ravikiran
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