Radiofrequency Ablation Devices Market Size, Share, Latest Trend, Top Companies, Regions and Growth Forecast Report, 2030

The global radiofrequency (RF) ablation devices market is projected to be worth USD 11,080.3 million by 2030, growing at a CAGR of 12.6%, according to P&S Intelligence. This growth can be ascribed to the thriving elderly populace, rising healthcare expenditure, growing occurrence of chronic illnesses, and technological improvements.

Under the component segment, the catheter systems category is projected to experience the fastest development in the industry for RF ablation devices. Such systems include catheters, electrodes, and probes that are injected into the impacted body parts for ablation procedures.

This industry development can be credited to the rising occurrence of chronic illnesses resulting in a huge count of RF ablation treatments.

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In the coming few years, the pain management category, on the basis of application, is projected to establish the fastest RF ablation devices industry development. This is because of the growing occurrence of chronic illness and the rising demand for minimally invasive procedures being experienced by healthcare amenities.

The price efficiency and growing awareness regarding RF ablation treatments for pain release will also boost the development of this category globally.

In recent years, North America dominated the market, and also the region is projected to be dominant in the future as well. The RF ablation devices market in this continent is led by the U.S. because of the existence of an extensive installation base for these devices in the nation.

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Also, the existence of research establishments and private healthcare workers that are progressively using RF ablation equipment will drive market development in the continent.

The APAC region is projected to experience the fastest development because of the existence of a huge populace of aging, who are more vulnerable to chronic illnesses. For instance, the

World Population Ageing 2019 accounts that there were 395.3 million individuals old 65 years or more in Asia in 2019, and the quantity is projected to touch 954.7 million by 2050.

Therefore, the increasing populace aging will boost the occurrence of several chronic illnesses, which will further boost the RF ablation devices industry, by increasing the necessity for minimally invasive procedures. Furthermore, the heavy expenditure by the key businesses in the emerging countries of APAC is projected to boost the acceptance of RF ablation procedures in the continent.

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Key industry companies are concentrating on acquiring others to surge their industry share and enlarge their existence throughout the globe. For instance, in 2019, Medtronic Plc announced its plan to acquire Epix Therapeutics Inc., a private medicinal device business, which creates catheter-based temperature-measured cardiac ablation devices. Via this attainment, the company extended its ablation device portfolio, and it is now offering progressive tools to doctors to treat cardiac arrhythmias.

Market Size Breakdown by Segment

By Component
• Catheter Systems
• Generators
• Accessories
By Application
• Oncology
• Cardiology
• Pain Management
By End User
• Hospitals
• Ambulatory Surgical Centers
Regional Analysis
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
• Asia-Pacific
o China
o Japan
o India
o Australia
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East and Africa
o South Africa
o Saudi Arabia
o U.A.E

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This release was published on openPR.