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Radiofrequency Ablation Devices Market, By Product (Capital Disposable and Reusable Equipment), By Application (Cardiology, Surgical Oncology, Pain Management, Gynecology, Hypertension, and Cosmetology), and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

160 Pages | Published Date : 15 / 02 / 18  | Report Code: AV219 | Report Format: PDF

REPORT HIGHLIGHT

The radiofrequency ablation devices market is estimated to represent a global market of USD 5.26 billion by 2017 with growth rate of 16.9%.

Market Dynamics

Radio frequency ablation is a process of minimizing pain. It is done through electric current generated through radio wave. The current heats up the affected area, thus reduces the pain from that particular segment. As per the report of American Heart Association (AHA), the success rate of radio frequency ablation of more than 90%. It is quite effective in curing chronic diseases like atrial tachycardia and atrial fibrillation. This technique has done wonders for cancer treatment. According to the World Health Organization (WHO), cancer is the second leading cause of death across the globe. As per the organization, the death counts due to cancer touched 9.6 million in 2018. But the good news is that the radiofrequency ablation can treat this deadly disease and is effective for several types of cancers like kidney, liver and bone.

The emergence of radio frequency ablation devices successfully manages pain and its market is expected to excel in near future. With the aging population and increasing prevalence of chronic diseases, the demand for radio frequency ablation devices is anticipated to rise in future. In terms of revenue generation, it is expected that the pain management market vendors will create a demand of radio frequency ablation devices during the forecast period. The geriatric population is more afraid of diseases and can’t tolerate pain along with invasive treatment. For them radiofrequency ablation is a boon. This technique can help them in pain management with fast relief and healing.

Product Takeaway

The major types of Radiofrequency ablation (minimally invasive procedure) are categorized into capital, disposable and reusable equipment. These products are increasingly used in minimally invasive procedure for conditions such a cardiology and it is estimated to grow with a significant growth rate because of its wide acceptability. Radiofrequency ablation is gaining popularity as compared to open/invasive surgeries. This is because of its instant relief from chronic pain especially in neck, lower back and arthritic joints. This procedure caters low risk of side effects, short recovery duration and less post-procedure complications.

Application Takeaway

Technology wise, the market is divided as Cosmetology, Surgical oncology, Gynecology, Pain management, Cardiology cardiac rhythm management, and Hypertension. Among which, surgical oncology generates the highest revenue. It is highly popular because it offers more convenience to patients in terms of faster recovery, and lower complications. Hypertension application is yielding low revenue at present but holds of promise due to its impressive growth rate. 

Further, this technology is playing an imperative role in curing chronic diseases through a rendition of effective and fast result with minimum distress to the patient. Among 10 patients who opt for radiofrequency ablation, 7 experiences relief from their pain.

Regional Takeaway

Geographically Europe and North America are estimated to get high demand of Radiofrequency ablation followed by Asia Pacific. The ablation market of Europe is estimated to cross US$ 3.09 billion till 2025 with a CAGR of 15.2%.

Key Vendor Takeaway

Companies like Accuray, Stryker Corporation,  Neurotherm Inc., St. Jude Medical Inc., Diros Technology Inc., Biosense Webster,Kimberly-Clark Corporation, Cosman Medical Inc. are involved in this market. Vendors need to target regions which comprise of high percentage of elderly for high opportunities of revenue.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

  • Capital equipment
  • Disposable equipment
  • Reusable equipment

MARKET, BY APPLICATION

  • Cardiology and cardiac rhythm management
  • Surgical oncology
  • Pain Management
  • Gynecology
  • Hypertension
  • Cosmetology

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. RADIOFREQUENCY ABLATION DEVICES MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. RADIOFREQUENCY ABLATION DEVICES KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. RADIOFREQUENCY ABLATION DEVICES INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. RADIOFREQUENCY ABLATION DEVICES MARKET LANDSCAPE
5.1. Market Share Analysis
6. RADIOFREQUENCY ABLATION DEVICES MARKET – BY PRODUCT
6.1. Overview
6.2. Capital equipment
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Disposable equipment
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Reusable equipment
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. RADIOFREQUENCY ABLATION DEVICES MARKET – BY APPLICATION
7.1. Overview
7.2. Cardiology and cardiac rhythm management
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Surgical oncology
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Pain Management
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Gynecology
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.6. Hypertension
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.7. Cosmetology
7.7.1. Overview
7.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. RADIOFREQUENCY ABLATION DEVICES MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. KEY VENDOR ANALYSIS
9.1. Accuray
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. Stryker Corporation
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. Neurotherm Inc.
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. St. Jude Medical Inc.
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. Diros Technology Inc.
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
9.6. Biosense Webster
9.6.1. Company Overview
9.6.2. SWOT Analysis
9.6.3. Key Developments
9.7. Kimberly-Clark Corporation
9.7.1. Company Overview
9.7.2. SWOT Analysis
9.7.3. Key Developments
9.8. Cosman Medical Inc.
9.8.1. Company Overview
9.8.2. SWOT Analysis
9.8.3. Key Developments
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Radiofrequency Ablation Devices Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Radiofrequency Ablation Devices Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Radiofrequency Ablation Devices Market, by Application, 2014 – 2025 (USD Billion)
Table 12 Radiofrequency Ablation Devices Market, by Geography, 2014 – 2025 (USD Billion)
Table 13 North America Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 14 U.S. Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 15 Canada Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 16 Europe Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 17 France Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 18 Germany Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 19 Asia Pacific Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 20 China Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 21 India Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 22 Latin America Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)
Table 23 MEA Radiofrequency Ablation Devices Market, 2014 – 2025 (USD Billion)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Radiofrequency Ablation Devices Market, by Product, 2014 – 2025 (USD Billion)
Figure 6 Radiofrequency Ablation Devices Market, by Application, 2014 – 2025 (USD Billion)
Figure 7 Radiofrequency Ablation Devices Market, by Geography, 2014 – 2025 (USD Billion)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
– The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
– Thorough analysis of relevant statistical data to estimate the market paradigms
– Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
– Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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