Radiofrequency Ablation Devices Market Global Industry Analysis and Forecast, 2015-2019
There are a large variety of devices that use RF electrical energy to generate heat. RF ablation catheters are long thin insulated and sheathed wires that have an exposed metal element at one end which delivers the therapeutic dose into the skin. These thin catheters are used for ablating nerves and tissue to reduce pain, arrhythmia and kill cancerous tumors. Some RF devices or probes are thicker and inserted directly into the target area through techniques such as arthroscopy for procedures such as chondroplasty with the help of controlled coagulation and ablation. Glow plasma discharge an effect created by RF energy on an electrode is also used for cutting and dissection of tissue during open invasive surgeries.
This report focuses on the radiofrequency ablation devices market in six geographies of North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. The maturity and awareness of the technology in developed countries has ensured the leading position in terms of usage and demand. North America continues to have the greatest acceptance of RF devices and leads the global market followed by Europe. Demand from cosmetic industry has propelled body contouring RF devices in recent years throughout the world. In the past few years, the dynamics have changed quite rapidly for the overall acceptance and penetration of modern healthcare technology in underdeveloped regions as well with emerging economies pumping solid amount of investment in modernizing healthcare infrastructure. SA-BRC expects that new applications such as renal denervation, varicose vein treatment and others will grow significantly creating extremely lucrative market opportunity.
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RF technology being the oldest is now facing challenges from emerging ablation technologies that use alternate energy sources such as cryoablation, ultrasound and microwave. The usage of all different types are currently restricted by limitations of technology however in coming years microwave ablation devices in particular are expected to grow in significance. Major players in this market are Medtronic Inc, Johnson & Johnson, Boston Scientific, St. Jude Medical, Stryker, Arthrex, Haylard Health, Angiodynamics, AtriCure, Sutter and Smith & Nephew. Overall the market is quite fragmented and the industry continues to see consolidation in major therapeutic areas such as cardiac ablation and general surgery.
Spearhead Acuity Business Research & Consulting Private Limited (SA-BRC) is a premium Life Science business intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the entire value chain of healthcare industry. Our research and consulting capabilities extend across several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.
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