Global Nerve Ablation Devices Market Forecast Covering Growth Inclinations & Development Strategies until 2028 // Boston Scientific Corporation, St. Jude Medical (sub. of Abbott), AtriCure, Inc., AngioDynamics, Stryker, and Halyard Health, Inc
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The microelectrode is inserted at the area of pain, and low voltage radiofrequency current is applied to treat the targeted nerves. The electrical current applied helps to treat the only targeted nerve without disturbing the nearby nerves present within the treatment area. The nerve ablation devices are much more effective than any other treatment for nerve pain management, as the nerve ablation devices only target the nerve that are responsible for pain and need proper treatment to reduce the pain. The treatment last from 6 months to one year based on the level of pain.
Nerve Ablation Devices Market: Drivers and Restraints
The nerve ablation devices market is expected to witness significant growth over the forecast period due to the increasing number of patients suffering pain. According to the U.S. Department of Health and Human Services, NIH in recent year approx. 40 million adults are suffering from severe pain and approx. 25.3 million of adult’s population are suffering from pain every day for previous 3 months. Likewise, the number of patients being diagnosed for pain due to arthritics are 54.4 million, according to CDC (Centers for Disease Control and Prevention) in the U.S., which is consequently expected to boost the growth of the market for nerve ablation devices. However, the high cost of nerve ablation devices is the prime factor expected to hamper the growth of the nerve ablation devices market.
Nerve Ablation Devices Market: Overview
The global market for nerve ablation devices market is estimated to be a growing market, as the industry players are coming with new innovative version of nerve ablation devices, to reduce the pain while inserting the microelectrodes and also looking for increase the treatment area which can be more accurate for targeted nerve for pain.
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The nerve ablation devices are more effective than any other pain management devices, as the treatment area is target in nerve ablation devices. Among end user hospitals hold the major market in all the region due to high present in the region with offering treatment are lower rate as compared to other centers under government subsidiary.
Nerve Ablation Devices Market: Regional Outlook
Geographically, the global nerve ablation devices market is segmented into North America, Latin America, Europe, CIS & Russia, Japan, Asia-Pacific excluding Japan (APEJ) and the Middle East & Africa (MEA). North America is expected to hold major share in the global nerve ablation devices market due to growing patient pool suffering from pain and improved medical system with reimbursement scenario. Latin America is expected to have slow growth as the awareness about nerve ablation devices is low as compared to other geographies. Europe is expected to witness significant growth in the global market as the adoption of nerve ablation devices among patient and healthcare professionals has increased. Asia-Pacific excluding Japan (APEJ) is expected to have lucrative growth over the forecast period due to increasing patient pool suffering from pain and improving medical infrastructure. Middle East & Africa (MEA) show sluggish growth as the medical infrastructures are improving various countries along with increasing awareness among healthcare professional for using nerve ablation devices for pain management.
Nerve Ablation Devices Market: Key Players
The global market for nerve ablation devices market is highly fragmented. Examples of some of the key players operating in the global nerve ablation devices market are Medtronic, Boston Scientific Corporation, St. Jude Medical (sub. of Abbott), AtriCure, Inc., AngioDynamics, Stryker, and Halyard Health, Inc., among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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