Radiofrequency Ablation Devices Market Scope
The global radiofrequency ablation devices market is projected to expand in the forecast period due to the growing prevalence of chronic and cardiovascular diseases and the preference for minimally invasive surgeries. Also, the growing geriatric population coupled with rising life expectancy is expected to boost the growth. However, the market is limited by the high treatment cost, low awareness about the procedure, and availability of other treatments.
The Radiofrequency Ablation Devices market study is segmented by Type (Disposable Equipment, Capital Equipment and Reusable Equipment), by Application (Surgical Oncology, Cardiology & Cardiac Rhythm Management, Cosmetology, Gynecology and Pain Management) and major geographies with country level break-up.
The Global Radiofrequency Ablation Devices Market Is Highly Competitive And Consists Of Some Key Players. In Terms Of Market Share, Few Of The Key Players Presently Dominate The Global Market. Key Vendors With A Prominent Share In The Global Market Are Concentrating On Escalating Their Client Base The World. These Market Players Are Leveraging On Strategic Collaborative Creativities To Intensification Their Market Share And Escalation Their Profitability. Key Vendors Operating In The Global Market Are Also Acquiring Start-Ups. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Radiofrequency Ablation Devices market throughout the predicted period.
Medtronic PLC (Ireland), Angiodynamics, Inc. (United States), Boston Scientific Corporation (United States), St. Jude Medical, Inc. (United States), Covidien (United States), Ethicon (United States), ZenoMed (India) and Atricure, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Baren-Boym (United States) and MedSphere (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Radiofrequency Ablation Devices market by Type, Application and Region.
On the basis of geography, the market of Radiofrequency Ablation Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In April 2017, Medtronic launched the OsteoCool RF Ablation system in Canada for the indication of bone metastases. This is the only RF ablation system with dual-probe capabilities that provides the customized, flexible, and predictable treatment.
Market Trend
- Technology Advancements in Radiofrequency Ablation Devices
Market Drivers
- Increasing Preference for Minimally Invasive Procedures
- Increasing Prevalence of Cardiovascular Diseases (CVD)
Opportunities
- Lucrative Opportunities in Emerging Markets
- Untapped RFA Market Opportunity
Restraints
Challenges
- Low Awareness and Availability of Alternative Treatment Method
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Radiofrequency Ablation Devices Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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