Radiofrequency Ablation Devices Market Research Report - Forecast till 2027

Radiofrequency Ablation Devices Market, Information by type (Unipolar radiofrequency Ablation & Bipolar Radiofrequency Ablation), & Application (Surgical Oncology, Cardiology & Cardiac Rhythm Management, Gynecology, &Cosmetology) - Forecast till 2027

ID: MRFR/HC/6165-HCR | February 2021 | Region: Global | 90 pages

Radiofrequency Ablation Devices Market Scenario


The radiofrequency ablation devices market is expected to register a CAGR of 11.2% during the forecast period of 2018 to 2023.


Radiofrequency ablation (RFA) uses thermal energy to achieve targeted tissue destruction. Within the GI tract, Radiofrequency ablation was primarily studied for the treatment of dysplastic Barrett’s esophagus (BE), and this continues to be one of the common applications. Indications for Radiofrequency ablation within the GI tract continue to progress. It has been used in the treatment of esophageal squamous cell dysplasia, cholangiocarcinoma, radiation proctopathy, gastric antral vascular ectasia (GAVE), and pancreatic neoplasia, among other conditions.


Radiofrequency ablation devices use an electrosurgical generator connected to bipolar electrode arrays to deliver thermal energy to tissue. Electricity travels through tissue between alternating positive and negative poles along the electrode arrays of the radiofrequency ablation device in the radiofrequency range of 450 to 500 kHz.


Segmentation


The radiofrequency ablation devices market is segmented on the basis of type, application, and region.


On the basis of the type, the 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 Management


Key players


Some of the key players in the global radiofrequency ablation devices  market are Boston scientific corporation, Medtronic Inc, Stryker, Cosman Medical, Inc., St. Jude Medical, Smith & Nephew, Johnson & Johnson (J&J) Services, LLC, Angiodynamics, RF Medical Co, Ltd, AtriCure, Inc., and others


Regional Market Summary


Global Radiofrequency Ablation Devices Market Share (%), by Region, 2017


Sources: United Census Bureau, Indian Brand Equity Foundation, International Journal of Women's Health, Annual Reports, Press Release, White Paper, And Company Presentation


The Americas dominates the global market for radiofrequency ablation devices owing a growing number of lung cancer cases like, Non-Small Cell Lung Cancer (NSCLC) which is the most common type of lung cancer, accounting for 80-85% of all lung cancer cases. It is generally a slow growing and spreading as compared to small cell lung cancer (SCLC). Small cell lung cancer used to account for 12-13% of lung cancers. However, there has been a shift from NSCLC to SCLC in recent years which has propelled the growth of the radiofrequency ablation devices market.


In 2017, it was estimated that Europe stood second in the radiofrequency ablation devices market.


Asia-Pacific was the fastest growing region for the radiofrequency ablation devices market in 2017. Factors such as increasing awareness of the cardiac disease, growing healthcare industries, and the development of various treatment methods for gynecology and cosmetology drives the market in this region.


On the other hand, the Middle East and Africa holds the least share in the radiofrequency ablation devices market. The presence of poor economies and low per capita income, especially within the African region make the market to lag within the region. A majority of the market share within this region is estimated to be held by the Middle East due to increasing government funding in the healthcare for healthcare, and presence of developed economies like UAE, Kuwait, Dubai, and others.


Research Methodology


Market Research Future research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.



  • Primary Research


Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report, we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.


 



  • Secondary Research


Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and commercial study of the radiofrequency ablation devices market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, an international organization of chemical manufacturers, some paid databases, and many others.


Intended Audience



  • Government and private laboratories

  • Research and Development (R&D) companies

  • Medical research laboratories

  • Market research and consulting service providers

  • Biotechnology companies


Market Segmentation and Key Market Players


Radiofrequency Ablation Devices Market, by Underlying Cause



  • Unipolar radiofrequency ablation

  • Bipolar radiofrequency ablation


Radiofrequency Ablation Devices Market, by Application



  • Surgical Oncology

  • Cardiology and Cardiac Rhythm Management

  • Gynecology

  • Cosmetology

  • Pain Management

  • Others


Radiofrequency Ablation Devices Market, by Key Players



  • Boston Scientific Corporation

  • Medtronic Inc

  • Stryker

  • Cosman Medical, Inc

  • Jude medical

  • Smith & Nephew

  • Johnson & Johnson (J&J) Services, LLC

  • Angiodynamics

  • RF Medical Co Ltd

  • AtriCure, Inc.

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   11.2% (2018-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Boston scientific corporation, Medtronic Inc, Stryker, Cosman Medical, Inc., St. Jude Medical, Smith & Nephew, Johnson & Johnson (J&J) Services, LLC, Angiodynamics, RF Medical Co, Ltd, AtriCure, Inc., and others
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Increasing awareness of the cardiac disease
  • Growing healthcare industries
  • The development of various treatment methods


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :


    The radiofrequency ablation devices market is expected to exhibit a strong 11.2% CAGR over the forecast period from 2018 to 2023.

    The growing prevalence of esophageal and gastric diseases is the major driver for the radiofrequency ablation devices market.

    RF ablation devices are mainly segmented into unipolar and bipolar RF ablation devices.

    The Americas hold the largest share in the global RF ablation devices market.

    Leading players in the RF ablation devices market include Stryker, Medtronic, Boston Scientific Corporation, Smith & Nephew, Jude Medical, and Angiodynamics, among others.

    Table of Contents

    Chapter 1. Report Prologue

    Chapter 2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    Chapter 3. Research Methodology

    3.1 Overview

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    Chapter 4. Market Dynamics

    4.1 Drivers

    4.2 Restraints

    4.3 Opportunities

    Chapter 5. Market Factor Analysis

    5.1 Porter’s Five Forces Analysis

    5.1.1 Bargaining Power of Suppliers

    5.1.2 Bargaining Power of Buyers

    5.1.3 Threat of New Entrants

    5.1.4 Threat of Substitutes

    5.1.5 Intensity of Rivalry

    5.2 Value Chain Analysis

    Chapter 6. Global Radiofrequency Ablation Devices Market, by Type

    6.1 Overview

    6.2 Unipolar radiofrequency ablation

    6.3 Bipolar radiofrequency ablation

    Chapter 7. Global Radiofrequency Ablation Devices Market, by Application

    7.1 Overview

    7.2 Surgical Oncology

    7.3 Cardiology and Cardiac Rhythm Management

    7.4 Gynecology

    7.5 Cosmetology

    7.6 Pain Management

    7.7 Others

    Chapter 8. Global Radiofrequency Ablation Devices Market, by Region

    8.1 Introduction

    8.2 Americas

    8.2.1 North America

    8.2.1.1 US

    8.2.1.2 Canada

    8.2.2 Latin America

    8.3 Europe

    8.3.1 Western Europe

    8.3.1.1 Germany

    8.3.1.2 France

    8.3.1.3 Italy

    8.3.1.4 Spain

    8.3.1.5 UK

    8.3.1.6 Rest of Western Europe

    8.3.2 Eastern Europe

    8.4 Asia-Pacific

    8.4.1 Japan

    8.4.2 China

    8.4.3 India

    8.4.4 Australia

    8.4.5 South Korea

    8.4.6 Rest of Asia-Pacific

    8.5 Middle East & Africa

    8.5.1 Middle East

    8.5.2 Africa

    Chapter 9. Company Landscape

    9.1 Introduction

    9.2 Market Share Analysis

    Chapter 10. Company Profiles

    10.1 Boston Scientific Corporation

    10.1.1 Company Overview

    10.1.2 Type Overview

    10.1.3 Financials Overview

    10.1.4 Key Developments

    10.1.5 SWOT Analysis

    10.2 Medtronic Inc.

    10.3 Stryker

    10.4 Cosman Medical, Inc

    10.5 St. Jude Medical

    10.6 Smith & Nephew

    10.7 Johnson & Johnson (J&J) services, LLC

    10.8 Angiodynamics

    10.9 RF Medical Co Ltd

    10.10 AtriCure, Inc.

    10.11 Others

    Chapter 11 Appendix

    LIST OF TABLES

    TABLE 1 GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET SYNOPSIS, 2018–2023

    TABLE 2 GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET ESTIMATES AND FORECAST, 2018–2023 (USD MILLION)

    TABLE 3 GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET, BY TYPE, 2018–2023 (USD MILLION)

    TABLE 4 GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET, BY APPLICATION, 2018–2023 (USD MILLION)

    TABLE 5 GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET, BY REGION, 2018–2023(USD MILLION)

    TABLE 6 NORTH AMERICA: RADIOFREQUENCY ABLATION DEVICES MARKET, BY TYPE, 2018–2023 (USD MILLION)

    TABLE 7 NORTH AMERICA: RADIOFREQUENCY ABLATION DEVICES MARKET, BY APPLICATION, 2018–2023 (USD MILLION)

    TABLE 8 NORTH AMERICA: RADIOFREQUENCY ABLATION DEVICES MARKET, BY REGION, 2018–2023 (USD MILLION)

    TABLE 9 US: RADIOFREQUENCY ABLATION DEVICES MARKET, BY TYPE, 2018–2023 (USD MILLION)

    TABLE 10 US: RADIOFREQUENCY ABLATION DEVICES MARKET, BY APPLICATION, 2018–2023 (USD MILLION)

    TABLE 11 US: RADIOFREQUENCY ABLATION DEVICES MARKET, BY REGION, 2018–2023 (USD MILLION)

    TABLE 12 CANADA: RADIOFREQUENCY ABLATION DEVICES MARKET, BY TYPE, 2018–2023 (USD MILLION)

    TABLE 13 CANADA: RADIOFREQUENCY ABLATION DEVICES MARKET, BY APPLICATION, 2018–2023 (USD MILLION)

    TABLE 14 SOUTH AMERICA: RADIOFREQUENCY ABLATION DEVICES MARKET, BY TYPE, 2018–2023 (USD MILLION)

    TABLE 15 SOUTH AMERICA: RADIOFREQUENCY ABLATION DEVICES MARKET, BY APPLICATION, 2018–2023 (USD MILLION)

    TABLE 16 EUROPE: RADIOFREQUENCY ABLATION DEVICES MARKET, BY TYPE, 2018–2023 (USD MILLION)

    TABLE 17 EUROPE: RADIOFREQUENCY ABLATION DEVICES MARKET, BY APPLICATION, 2018–2023 (USD MILLION)

    TABLE 18 EUROPE: RADIOFREQUENCY ABLATION DEVICES MARKET, BY REGION, 2018–2023 (USD MILLION)

    TABLE 19 WESTERN EUROPE: RADIOFREQUENCY ABLATION DEVICES MARKET, BY TYPE, 2018–2023 (USD MILLION)

    TABLE 20 WESTERN EUROPE RADIOFREQUENCY ABLATION DEVICES MARKET, BY APPLICATION, 2018–2023 (USD MILLION)

    TABLE 21 WESTERN EUROPE: RADIOFREQUENCY ABLATION DEVICES MARKET, BY REGION, 2018–2023 (USD MILLION)

    TABLE 22 EASTERN EUROPE: RADIOFREQUENCY ABLATION DEVICES MARKET, BY TYPE, 2018–2023 (USD MILLION)

    TABLE 23 EASTERN EUROPE RADIOFREQUENCY ABLATION DEVICES MARKET, BY APPLICATION, 2018–2023 (USD MILLION)

    TABLE 24 EASTERN EUROPE: RADIOFREQUENCY ABLATION DEVICES MARKET, BY REGION, 2018–2023 (USD MILLION)

    TABLE 25 ASIA-PACIFIC: RADIOFREQUENCY ABLATION DEVICES MARKET, BY TYPE, 2018–2023 (USD MILLION)

    TABLE 26 ASIA-PACIFIC RADIOFREQUENCY ABLATION DEVICES MARKET, BY APPLICATION, 2018–2023 (USD MILLION)

    TABLE 27 ASIA-PACIFIC: RADIOFREQUENCY ABLATION DEVICES MARKET, BY REGION, 2018–2023 (USD MILLION)

    TABLE 28 MIDDLE EAST & AFRICA: RADIOFREQUENCY ABLATION DEVICES MARKET, BY TYPE, 2018–2023 (USD MILLION)

    TABLE 29 MIDDLE EAST & AFRICA RADIOFREQUENCY ABLATION DEVICES MARKET, BY APPLICATION, 2018–2023 (USD MILLION)

    TABLE 30 MIDDLE EAST & AFRICA: RADIOFREQUENCY ABLATION DEVICES MARKET, BY REGION, 2018–2023 (USD MILLION)


    LIST OF FIGURES

    FIGURE 1 RESEARCH PROCESS

    FIGURE 2 SEGMENTATION FOR GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET

    FIGURE 3 MARKET DYNAMICS FOR GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET

    FIGURE 4 GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET SHARE, BY TYPE, 2017 (%)

    FIGURE 5 GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET, BY APPLICATION, 2017 (%)

    FIGURE 6 GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET SHARE, BY REGION, 2017 (%)

    FIGURE 7 NORTH AMERICA: RADIOFREQUENCY ABLATION DEVICES MARKET SHARE, BY COUNTRY, 2017 (%)

    FIGURE 8 EUROPE: RADIOFREQUENCY ABLATION DEVICES MARKET SHARE, BY COUNTRY, 2017 (%)

    FIGURE 9 ASIA-PACIFIC: RADIOFREQUENCY ABLATION DEVICES MARKET SHARE, BY COUNTRY, 2017 (%)

    FIGURE 10 MIDDLE EAST & AFRICA: RADIOFREQUENCY ABLATION DEVICES MARKET SHARE, BY COUNTRY, 2017 (%)

    FIGURE 11 GLOBAL RADIOFREQUENCY ABLATION DEVICES MARKET: COMPANY SHARE ANALYSIS, 2017 (%)

    FIGURE 12 BOSTON SCIENTIFIC CORPORATION: KEY FINANCIALS

    FIGURE 13 BOSTON SCIENTIFIC CORPORATION: SEGMENTAL REVENUE

    FIGURE 14 BOSTON SCIENTIFIC CORPORATION: GEOGRAPHICAL REVENUE

    FIGURE 15 MEDTRONIC INC: KEY FINANCIALS

    FIGURE 16 MEDTRONIC INC: SEGMENTAL REVENUE

    FIGURE 17 MEDTRONIC INC: GEOGRAPHICAL REVENUE

    FIGURE 18 STRYKER.: KEY FINANCIALS

    FIGURE 19 STRYKER.: SEGMENTAL REVENUE

    FIGURE 20 STRYKER.: GEOGRAPHICAL REVENUE

    FIGURE 21 ST. JUDE MEDICAL: KEY FINANCIALS

    FIGURE 22 ST. JUDE MEDICAL: SEGMENTAL REVENUE

    FIGURE 23 ST. JUDE MEDICAL: GEOGRAPHICAL REVENUE

    FIGURE 24 ATRICURE, INC.: KEY FINANCIALS

    FIGURE 25 ATRICURE, INC.: SEGMENTAL REVENUE

    FIGURE 26 ATRICURE, INC.: GEOGRAPHICAL REVENUE



    This table of content is tentative and subject to change as the research progresses.

    Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.