Radiofrequency Ablation Devices Market Growing at a Rapid Pace by 2027, at a CAGR of 11.5%

According to The "Insight Partners" research study on "Radiofrequency Ablation Devices Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Product and Application," the radiofrequency ablation devices market size is expected to reach US$ 7,711.72 million by 2027 from US$ 3,302.55 million in 2019. It is estimated to grow with a CAGR of 11.5% during 2020-2027.

Medtronic, Boston Scientific Corporation - Notable Market Players in Radiofrequency Ablation Devices Market

Get Sample PDF Copy: https://www.theinsightpartners.com/sample/TIPRE00004752/?utm_source=OpenPR&utm_medium=10357

In a radiofrequency ablation procedure, the physician uses a device which transmits radiofrequency energy and destroys the target tissue. This technology has been widely used to treat solid tumors, arrhythmias, uterine fibroids and other medical conditions.

Market leaders operating in the market have undertaken various organic growth strategies in the radiofrequency ablation devices market. The radiofrequency ablation devices market majorly consists of the players such as Avanos Medical, Inc., Stryker, Abbott, Medtronic, Boston Scientific, Bard (BD), Angiodynamic, Hologic, Articure, Merit medical, among others. Several organic approaches, such as product launches, and expansion/relocation in the radiofrequency ablation devices market, have resulted in the positive growth of the market. Product launches help the company to strengthen its product offering and the customer base, which allows the company to hold a strong position in the market.

In 2019, North America accounted for the largest radiofrequency ablation devices market share. The radiofrequency ablation devices market growth in the region is attributed to the increasing prevalence of chronic diseases, growing developments for radiofrequency ablation devices, presence of key market players, high R&D spending for new technologies, and others. Asia Pacific is estimated to be the fastest-growing region among all other regions during the forecast period owing to rising geriatric population, increasing surgery in oncology, growing medical technology industry, and rising number of new players coming and forming a robust foothold in the local markets.

Purchase a Copy of this report: https://www.theinsightpartners.com/buy/TIPRE00004752/?utm_source=OpenPR&utm_medium=10357

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, chemicals etc.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

This release was published on openPR.