Press release
Radiofrequency Ablation Devices Market For Pain Management – Demand Projected To Expand At CAGR 12.9% During 2017–2024
Read Report Overview: https://www.transparencymarketresearch.com/radiofrequency-ablation-devices.html
St. Jude Medical’s position of dominance in this market is due to the company’s diversified product portfolio, extensive geographical presence, and acquisition strategies that it frequently undertakes. Additionally, the Company has a strong focus on research and development to offer innovative and efficient medical device product to their customers. On the other hand, with increasing competition and decreasing reimbursement rates, Boston Scientific Corporation competes on the basis of price, value, and efficiency in the radiofrequency ablation devices market for pain management. Current trends in health care are likely to exert pressure on the company’s offerings having differentiated clinical and economic outcomes. As for the new players, high cost of production and significant capital and expertise in R&D activities is expected to keep the entry barriers high.
Request A Sample: https://www.transparencymarketresearch.com/radiofrequency-ablation-devices.html
Demand Projected to Expand at CAGR 12.9% during 2017–2024
According to the estimations of the TMR report, the global radiofrequency ablation devices market for pain management will be worth US$1,114.5 million by the end of 2024, with the demand projected to increment at a CAGR of 12.9% during the forecast period of 2017 to 2024. As of 2017, the disposables were the key product segments whereas hospitals generated most of the demand in terms of end-users. Geographically, Europe and North America are expected to produce the most prominent chunk of demand, although the Asia Pacific radiofrequency ablation devices market is primed to prosper at a much stronger growth rate.
Increasing Percentage of Geriatrics to Sustain Strong Demand
Numerous factors are expected to formulate a healthy progress in the RF ablation devices market for pain management, but none bigger than the growing percentage of geriatrics who commonly suffer from joint disorders such as arthritis. According to the United Nations, people aged over 60 years constituted for 13% of the world’s population as of 2017 and the percentage will continue to mount in the near future. The analyst of the report has also observed that the demand for minimally invasive procedures are on the rise as they offer quick relief without the need for longer hospital stay. The field is being rigorously researched thanks to increased investments by multinational companies and new products are being approved and launched, which will bear fruits in the near future.
Request Report For Discount: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=985
Availability of Alternatives Obstructing Market’s Growth
On the other hand, compliance with the laws and regulations set by regulatory authorities that are associated with clinical trials, product approval, commercialization, design, and development has been a major concern among ablation device manufacturers. Ablation devices fall under class III medical devices category in the U.S. and Europe. Hence, safety and efficacy of devices such as generators and catheters and other associated products are paramount for regulatory agencies. Such stringent regulations not only delay the approval and launch of the product, but also increase the cost of the devices to meet the set standards of the FDA, CE, and other regulatory agencies. Availability of various other pain management therapeutics such as opioids, NSAIDs, anticonvulsants, and antidepressants are also restraining the market from attaining its true potential
About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact us:
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Radiofrequency Ablation Devices Market For Pain Management – Demand Projected To Expand At CAGR 12.9% During 2017–2024 here
News-ID: 1157318 • Views: …
More Releases from TransparecnyMarketResearch
Dental Fluoride Treatment Market is predicted to expand at 4.5% CAGR through 203 …
The global Dental Fluoride Treatment Market has been sailing through robust waters, witnessing a valuation of US$ 14.1 billion 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$ 21.0…
Outdoor TV Market Poised to Reach US$ 866.6 Million by 2031, Driven by a 9.5% CA …
The global Outdoor TV Market has been sailing through robust waters, witnessing a valuation of US$ 286.8 million in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 9.5% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$ 866.6…
Viscosupplementation Market projected to expand at a CAGR of ~7% from 2019 to 20 …
According to the report, the global viscosupplementation market was valued at ~US$ 2.6 Bn in 2018 and is projected to expand at a CAGR of ~7% from 2019 to 2027. Viscosupplementation can be performed using three primary injection types: single injection, three injections, and five injections. Applications of viscosupplementation injection include knee osteoarthritis, hip osteoarthritis, and hand osteoarthritis. Growth of the global viscosupplementation market can be attributed to rise in…
Cardiac Safety Services Market Size, Status, Scope and Growth Prospects 2020 - 2 …
Cardiac Safety Services Market: Introduction
• Cardiac safety services can be defined as services that deal with supporting and designing clinical trials and other studies required for the monitoring of cardiac safety
• Cardiac safety services are focused on monitoring the entire cardiac safety profile across various phases of clinical trials, including Phase I to Phase IV. These studies are done in compliance with FDA, PMDA, EMA, and other regulatory bodies.
• Cardiovascular safety assessment services…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
