Radiofrequency ablation (RF) Devices Market
Global Radiofrequency ablation (RF) Devices Market Size, Share & Trends Analysis Report By Component (Catheter Systems, Generators, and Accessories) by Application (Oncology, Cardiology, Pain Management, and Others) Forecast Period 2021-2027
Global radiofrequency ablation (RF) devices market is anticipated to grow at a considerable CAGR of 1.5% during the forecast period (2021-2027). The increasing prevalence of chronic diseases and increasing adoption of minimally invasive treatment, and advancement in technology that includes robotics in ablation procedure among others for its treatment are key factors driving the growth of the RF ablation devices market. New product launches in the market are likely to drive the growth of the global RD ablation devices market. For instance, in June 2021, Acutus Medical, an arrhythmia management company has launched the AcQBlate Force Sensing Ablation System in Europe after securing CE Mark for the company’s AcQBlate FORCE ablation catheter and the Qubic Force Sensing Module (Qubic Force).
However, there are certain factors that are affecting the growth of the market. That includes presence of alternative treatment options along with strict government rules and regulations major factors constraints that are hindering the growth of the global RF ablation market across the globe. The rising R&D investment for the catheter based RF system is one of the key factors that is creating opportunity for the market during the forecast period.
Impact of COVID-19 on the Global RF Ablation Devices Market
The global RF ablation devices market is hardly hit by the outbreak of COVID-19 since December 2019. The outbreak of COVID-19 in these major economies has disrupted the manufacturing and supply chain of raw materials required for ablation devices manufacturing across the globe. RF ablation devices can be used for patients suffering from COVID-19 with hepatic tumors. This device will support in faster treatment with recovery time less and short. Key industry application of Microwave ablation includes Oncology, Cardiology on top economies such as China, the US, and European Union.
Segmental Outlook
The global RF ablation devices market covers segments including component and application. Based on component, the market is segmented into catheter systems, generators, and accessories. Based on application, the market is segmented into oncology, cardiology, pain management, and others. Oncology held major market share in 2020 based on application. The high prevalence of cancer and the high demand of RF ablation devices in treatment of cancer is anticipated to make major contribution to the growth of this market segment.
Global Radiofrequency Ablation (RF) devices Market Share by Component, 2020 (%)
Catheter Systems Held the Significant Share in the Market
A catheter is a thin tube made from medical grade materials serving a broad range of functions. Catheters are medical devices that can be inserted in the body to treat diseases or perform a surgical procedure. The growth of this market segment is mainly driven by the growing adoption of catheter system in treatment of different chronic diseases.
Regional Outlooks
The global RF ablation devices market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global RF ablation market .Some factors that are boosting the market growth in North America are growing cancer cases mostly due to habit of their consumption. The high prevalence of chronic disorders across the region is promoting manufactures of RF ablation system to make advancement in these devices. Additionally, well developed health infrastructure of the US is other factor that is supporting the growth of the regional market.
Global Radiofrequency ablation (Rf) devices Market Growth, by Region 2021-2027
Asia-Pacific is projected to have a considerable share in the global radiofrequency (RF) ablation devices market
Asia-Pacific region is expected to witness significant growth opportunities for the RF ablation devices market. Rising Cases related to cancer along with advancement in technology for treatment related to cancer in the emerging economies of the region are likely to drive the growth of the regional market. Further due to health availability and rising health care expenditure in India and South Korea are also some of the factors that are affecting and impacting the growth in this market. According to OECD health statistics it South Korea expenditure in health increased up by 9.4% in 2019.
Market Players Outlook
Medtronic plc, Abbott Laboratories, Inc., Boston Scientific Corp., AngioDynamics, Inc., and Johnson & Johnson Services, Inc. are some of the key players opaerating in the global radiofrequency ablation devices market. In order to sustain in the competitive market, these players adopt various strategies such as merger & acquisition, partnership & collaboration, expansions, joint ventures, and product development.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global radiofrequency ablation (Rf) devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Radiofrequency Ablation Devices Industry
• Recovery Scenario of Global Radiofrequency Ablation Devices Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Radiofrequency Ablation Devices Market by Component
5.1.1. Catheter Systems
5.1.2. Generators
5.1.3. Accessories
5.2. Global Radiofrequency Ablation Devices Market by Application
5.2.1. Oncology
5.2.2. Cardiology
5.2.3. Pain Management
5.2.4. Other
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Abbott Laboratories, Inc.
7.2. Alcon Laboratories, Inc.
7.3. AngioDynamics, Inc.
7.4. AtriCure, Inc.
7.5. Boston Scientific Corp.
7.6. BVM Medical Ltd.
7.7. C. R. Bard, Inc. (a part of Becton, Dickinson & Co.)
7.8. CONMED Corp.
7.9. EDAP TMS SA
7.10. HealthTronics, Inc.
7.11. Hologic, Inc.
7.12. Integra LifeSciences Holdings Corp.
7.13. Japan Lifeline Co., Ltd.
7.14. Johnson & Johnson Services, Inc.
7.15. Medtronic plc
7.16. Merit Medical Systems, Inc.
7.17. Misonix, Inc.
7.18. Olympus Corp.
7.19. Smith & Nephew plc
7.20. Stryker Corp.
7.21. Teleflex, Inc.
7.22. Terumo Corp.
7.23. Varian Medical Systems, Inc.
1. GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET BY COMPONENT,2020-2027 ($ MILLION)
2. GLOBAL CATHETER SYSTEMS MARKET BY REGION,2020-2027 ($ MILLION)
3. GLOBAL GENERATORS MARKET BY REGION,2020-2027 ($ MILLION)
4. GLOBAL ACCESSORIES MARKET BY REGION,2020-2027 ($ MILLION)
5. GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET BY APPLICATION, 2020-2027 ($ MILLION)
6. GLOBAL RADIOFREQUENCY ABLATION DEVICES FOR ONCOLOGY MARKET BY REGION,2020-2027 ($ MILLION)
7. GLOBAL RADIOFREQUENCY ABLATION DEVICES FOR CARDIOLOGY MARKET BY REGION,2020-2027 ($ MILLION)
8. GLOBAL RADIOFREQUENCY ABLATION DEVICES FOR PAIN MANAGEMENT MARKET BY REGION,2020-2027 ($ MILLION)
9. GLOBAL RADIOFREQUENCY ABLATION DEVICES FOR OTHER MARKET BY REGION,2020-2027 ($ MILLION)
10. GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
11. NORTH AMERICAN RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
12. NORTH AMERICAN RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
13. NORTH AMERICAN RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
14. EUROPEAN RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
15. EUROPEAN RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
16. EUROPEAN RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRIES, 2020-2027 ($ MILLION)
17. ASIA-PACIFIC RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
18. ASIA-PACIFIC RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
19. ASIA-PACIFIC RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRIES, 2020-2027 ($ MILLION)
20. REST OF THE WORLD RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
21. REST OF THE WORLD RADIOFREQUENCY ABLATION DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET, 2021-2027 (%)
4. GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET SHARE BY COMPONENT, 2020 VS 2027 (%)
5. GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
6. GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027, (%)
7. GLOBAL CATHETER SYSTEMS MARKET BY REGION, 2020 VS 2027 (%)
8. GLOBAL GENERATORS MARKET BY REGION, 2020 VS 2027 (%)
9. GLOBAL ACCESSORIES MARKET BY REGION, 2020 VS 2027 (%)
10. GLOBAL RADIOFREQUENCY ABLATION DEVICES FOR ONCOLOGY MARKET BY REGION, 2020 VS 2027 (%)
11. GLOBAL RADIOFREQUENCY ABLATION DEVICES FOR CARDIOLOGY MARKET BY REGION, 2020 VS 2027 (%)
12. GLOBAL RADIOFREQUENCY ABLATION DEVICES FOR PAIN MANAGEMENT MARKET BY REGION, 2020 VS 2027 (%)
13. GLOBAL RADIOFREQUENCY ABLATION DEVICES FOR OTHERS MARKET BY REGION, 2020 VS 2027 (%)
14. US RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
15. CANADA MARKET RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
16. UK RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
17. GERMANY RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
18. SPAIN RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
19. FRANCE RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
20. ITALY RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
21. REST OF EUROPE RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
22. INDIA RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
23. CHINA RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
24. JAPAN RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
25. REST OF ASIA-PACIFIC RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
26. REST OF WORLD RADIOFREQUENCY ABLATION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
