Radiofrequency Ablation Devices Market would reach $3,785 million by 2022, growing at a CAGR of 11.8% With Top Key Players Stryker Corporation, St. Jude Medical, Inc., Medtronic Plc, Boston Scientific Corporation, C. R. Bard, Inc., AngioDynamics, Inc

Global radiofrequency ablation devices market would reach $3,785 million by 2022, growing at a CAGR of 11.8% from 2016 to 2022. The disposable devices segment dominated the market in 2015 and is expected to lead throughout analysis period.

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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.

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.

Among product types, the disposable devices segment occupied the majority of the market share, and is expected to maintain its market position throughout the forecast period. This is owing to the fact that use of disposables helps in eliminating cross-contamination of the infectious disease. Also, the use of disposable devices eliminates capital investment, sterilization, and replacement costs.

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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.

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