Radiofrequency Ablation Devices Market Overview, Top Players Analysis, Business Development Strategies and Sales Revenue 2027 | AngioDynamics, Inc., Hologic, Inc., AtriCure, Inc., and Johnson & Johnson

A new report published by Allied Market Research titled, "Radiofrequency Ablation Devices Market was valued at $1,729 million in 2015, and is expected to reach $3,785 million by 2022, supported by a CAGR of 11.8% during the forecast period 2016-2027"

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The global radiofrequency ablation devices (RFAD) market has witnessed an unprecedented growth in the past few years. The rise in the incidence of patients with chronic pain due to the increase in the prevalence of obesity, diabetes, osteoarthritis, cancer, and rheumatoid arthritis have contributed towards the market growth. Factors such as large undiagnosed patient population, increasing urbanization, and growing awareness about radiofrequency ablation devices in the Asia-Pacific and Latin American is expected to contribute significantly towards the market growth. The market growth is expected to mainly rely on the rising disposable income, leading to increased adoption of RFAD in the developing regions.

Major companies have shifted their focus on R&D activities in the RFAD market, resulting in large number of product developments (approvals & launches), and in turn contributing to the market growth. Acquisition is the another key strategy adopted by larger companies to acquire smaller and emerging companies, owing to the presence of large number of small- to mid-sized companies in the radiofrequency ablation devices market.

Oncology would be the fastest growing application market owing to the increasing preference for RFAD over chemotherapy (considering its side effects) and projected to grow at a CAGR of 14.2%. Breast cancer was the leading application for the oncology radiofrequency ablation devices market; whereas, kidney cancer would be the fastest growing segment. This is due to the fact that breast cancer is the second most common type of cancer and accounted for around one-fourth share of all cancer cases in 2015.

COVID-19 Scenario Analysis:

Global Radiofrequency Ablation Devices Market
has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for the market.

Global factories have struggled to integrate new products as workers have stayed in their homes, which disrupted the global supply chains.

The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for hybrid chips are gradually going to increase.

This COVID-19 lockdown would help companies think about more advanced Market to enhance efficiency.

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North America is the largest market for radiofrequency ablation devices. Newest technologies having tremendous potential and precision are developed, tested, and launched in North America, thus making it a premier market for radiofrequency ablation devices. Europe was the second leading regional market with majority revenue contribution from Germany, U.K., and France.

The key players profiled in this report include Halyard Health, Inc., Stryker Corporation, St. Jude Medical, Inc., Medtronic Plc, Boston Scientific Corporation, C. R. Bard, Inc., AngioDynamics, Inc., Hologic, Inc., AtriCure, Inc., and Johnson & Johnson. Other players in the RFAD market include Baylis Medical, Arthrex, Inc., inomed Medizintechnik GmbH, Sutter Medizintechnik GmbH, Bramsys Indstria e Comrcio Ltda, ENDO-FLEX GmbH, Epimed International, and sfm medical devices GmbH.

Summary of the Radiofrequency Ablation Devices Market Report can be accessed on the website at:
https://www.alliedmarketresearch.com/radiofrequency-ablation-devices-market

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