Press release
Radiofrequency Ablation Devices Market: Unpacking Market Size, Growth Drivers and Major Trends
Radiofrequency Ablation Devices Market Share
The radiofrequency ablation devices market is experiencing a steady surge in growth, driven by clinical acceptance, rising chronic diseases, patient demand, and regulatory approvals.
What Is The Projected Market Size Of The Global Radiofrequency Ablation Devices Market And Its Growth Rate?
Key statistics for the radiofrequency ablation devices market size include:
• From $4.72 billion in 2024, the market is expected to grow to $5.29 billion in 2025, registering a compound annual growth rate (CAGR) of 12.2%.
• The market size is predicted to see significant growth in the near future and is estimated to reach $8.54 billion by 2029 with a CAGR of 12.7%.
• The growth in the forecast period can primarily be attributed to the growing geriatric population, the emergence of regenerative medicine, value-based healthcare advancements, telemedicine integration, and a shift towards minimally invasive procedures.
What Is Driving The Growth In The Radiofrequency Ablation Devices Market?
The surge in chronic diseases is the primary driver propelling the growth of the radiofrequency ablation devices market. Chronic conditions require continuous medical care or limit daily activities, necessitating the use of these devices to provide relief for patients with chronic and arthritic joint pain. They are also utilized for shrinking the size of tumors, nodules, or other growths in the body. According to the National Library of Medicine, the number of people aged 50 and older with at least one chronic disease is expected to rise by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050.
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Who Are the Key Players Driving Radiofrequency Ablation Devices Market Growth?
• Johnson And Johnson Co
• Abbott Laboratories
• Medtronic PLC
• Becton, Dickinson and Company
• Koninklijke Philips NV
• Stryker Corporation
• Boston Scientific Corporation
• Olympus Corporation
• Smith And Nephew PLC
• Ethicon Inc.
• Hologic Inc.
• Arthrex Inc.
• BIOTRONIK SE and Co KG
• Merit Medical Systems Inc.
• Conmed Corporation
• Avanos Medical Inc.
• ArtiCure Inc.
• AngioDynamics Inc.
• Biosense Webster Inc.
• Baylis Medical Company Inc.
• Sutter Medizintechnik GmbH
• OSYPKA AG
• Inomed Medizintechnik GmbH
• St. Jude Medical Inc.
• Epimed International Inc.
What Are The Key Trends In The Radiofrequency Ablation Devices Market?
• The adoption of portable ablation devices
• The emergence of combination therapies
• Advances in cancer ablation techniques
• Enhancement of safety features
• The integration of remote and robotic assistance
What Are The Segments Of The Global Radiofrequency Ablation Devices Market?
• By Product Type: Disposables Equipment, Reusables Equipment, Capital Equipment
• By Application: Oncology, Cardiology And Cardiac Rhythm Management, Gynecology, Pain Management, Other Applications
• By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
Which Region Leads The Radiofrequency Ablation Devices Market?
North America was the largest region in the radiofrequency ablation devices market in 2024. However, Asia-Pacific is expected to register the fastest growth during the forecast period. The regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Radiofrequency Ablation Devices Market Global Market Report?
• Market Size Analysis: Analyze the Radiofrequency Ablation Devices Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Radiofrequency Ablation Devices Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Radiofrequency Ablation Devices Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Radiofrequency Ablation Devices Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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