Radiofrequency Ablation Devices Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Medtronic, AngioDynamics, Ethicon, ZenoMed

The market for Radiofrequency Ablation Devices was estimated to be worth $ 3.2 billion in 2021, and it is anticipated to increase to $ 11.3 billion by 2027, with a CAGR of 11.9% during forecast period 2022 and 2027.

Radiofrequency Ablation Devices Market Overview

Radio Frequency Ablation (RFA) or fulguration is a minimally invasive (MI) procedure that involves the ablation of defective tissues using heat generated by alternating current with a frequency range of (350 to 500 kHz). RFA helps the needle electrode into a cancerous tumor using CT (Computerized Tomography), MRI (Magnetic resonance Imaging), and ultrasound technologies. The management of pain and the therapy of cardiovascular problems both make extensive use of this procedure. The trend for less invasive operations and the rising prevalence of chronic and cardiovascular diseases are the main market drivers. By 2060, 17.9 million people in Europe and 12 million Americans are expected to have atrial fibrillation (AF), according to the Centers for Disease Control and Prevention (CDC).

The rise in the number of incidences of cardiovascular disease and cancer (Lung Cancer, liver cancer, kidney cancer, bone cancer, hepatocellular carcinoma, pancreatic cancer, bile duct cancer, and so on) around the world is one of the key factors driving the market's overall expansion. With a CAGR of 12.78% and total revenue of USD 996.173 Mn, the cardiac ablation industry is expanding gradually, considerably fueling the expansion of the global radio frequency ablation devices market. A significant portion of the market expansion is being driven by factors other than the increase in cancer and CVD cases, such as the increased demand for pain management (such as medication-assisted treatment of arthritis and other chronic pain conditions).

Industry News and Updates

February 27, 2019: Medtronic Announces FDA Clearance and U.S. Launch of the Accurian Radio Frequency System for Nerve Tissue Ablation --

Medtronic plc (NYSE:MDT) today announced U.S. Food and Drug Administration (FDA) 510(k) clearance of the Accurian(TM) RF ablation platform, which conducts radio frequency (RF) ablation of nerve tissues. RF ablation is a minimally invasive procedure in which current produced by radio waves heats up a small area of nerve tissue to stop it from sending pain signals, thereby reducing pain. The Accurian system combines proprietary hardware and quad core processing with advanced software for power and temperature control resulting in consistent and predictable lesion formation. It also offers independent channel management and advanced smart features that may support procedural efficiency.

What are the major Applications, Types and Regions for Radiofrequency Ablation Devices Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• RF Generators


• Reusable Products


• Disposable Products

By Application, it is segmented into

• Prostate


• Cardiac


• Tumor


• Other Pain

Radiofrequency Ablation Devices Market Regional Analysis

North America accounted for the greatest share of the global market, with an overall CAGR of 11.973% and total revenue of 1.513 billion in 2020. This market's overall expansion is primarily being fueled by important aspects like the quick development of technological innovations in RFA and other medical equipment, the persistent rise in cancer incidence, and governmental spending on healthcare facilities.

However, throughout the predicted period of 2020-2030, the Asia-Pacific region had the greatest CAGR of the market. The primary reasons for this include the rapid advancements in China and India's healthcare infrastructures and the advent of new technology like multi-needle electrodes, which are all widely used.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Radiofrequency Ablation Devices Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Radiofrequency Ablation Devices Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Radiofrequency Ablation Devices Market report scope?

Key Takeaways from this Radiofrequency Ablation Devices Market Report

• Evaluate Radiofrequency Ablation Devices market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Radiofrequency Ablation Devices market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Radiofrequency Ablation Devices Market?

The Radiofrequency Ablation Devices Market is growing at a CAGR of 11.9% over the next 5 years.

Who are the key players in Radiofrequency Ablation Devices Market?

Medtronic, AngioDynamics, Ethicon, ZenoMed, AtriCure, Inc, Baren-Boym, Huaian Aofu Surgical Instruments Co., Ltd, MedSphere, Boston Scientific Corporation, Stryker, Cosman Medical, Inc, Jude medical, Smith & Nephew, Johnson & Johnson (J&J) Services, LLC, RF Medical Co Ltd, AtriCure, Inc., Inomed Medizintechnik GmbH, Bramsys Indústria e ComércioLtda, ENDO-FLEX GmbH, Sutter Medizintechnik Gmbh, Epimed International, Sfm Medical Devices Gmbh

What are the significant types of Radiofrequency Ablation Devices Market?

RF Generators, Reusable Products, Disposable Products

What are the major end-use applications of Radiofrequency Ablation Devices Market?

Prostate, Cardiac, Tumor, Other Pain

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