by The global radiofrequency ablation devices for pain management market for the historical period 2017–2018 and forecast period 2019–2027. The global radiofrequency ablation devices for pain management market is driven by increase in prevalence of chronic pain, and rise in demand for minimally invasive procedures. Moreover, growth of the market can be attributed to favorable reimbursements for radiofrequency ablation(RF) therapy to treat pain.
According to the report, the global radiofrequency ablation devices for pain management market was valued at US$ 543.2 Mn in 2018 and is anticipated to expand at a CAGR of 11.1% from 2019 to 2027
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Key Drivers
Chronic pain persists for a long period. It is resistant to most medical treatments and cause severe physiological and mental problems affecting the quality of life.
According to Boston University School of Public Health data, globally, it is estimated that about one in five, or about 1.5 billion people, suffer from chronic pain (CP), with prevalence increasing with age.
According to the U.S. Census Bureau, around 89 million people would be aged over 65 years in the U.S. by 2050. Furthermore, around 40% people in Japan would be aged over 65 years by 2060. This rapid increase in the geriatric population is likely to fuel the growth of the radiofrequency ablation devices for pain management market during the forecast period.
Emerging markets offer immense opportunities
Emerging nations such as India, China, and Brazil offer immense growth opportunities in the RF ablation devices for pain management market. Major factors attributed are growing economy and strengthening insurance policies. Additionally, increasing geriatric population in developing nations is expected to offer large opportunities for companies operating in the RF ablation devices market.
According to World Health Organization estimates, around eight in 10 elderly people live in less developed regions. This will drive demand for pain management devices in these regions.
Global Radiofrequency Ablation Devices For Pain Management Market: Competitive Landscape
This report profiles major players in the global radiofrequency ablation devices for pain management market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global radiofrequency ablation devices for pain management market is highly fragmented, with the presence of a number of international as well as regional players
Leading players operating in the global radiofrequency ablation devices for pain management market include
- Boston Scientific Corporation
- Diros Technology, Inc.
- Halyard Health, Inc.
- Abbott
- Stryker Corporation
- Olympus Corporation
- Merit Medical Systems
- Medtronic plc
- AngioDynamic, Inc.
Global Radiofrequency Ablation Devices for Pain Management Market: Key Developments
Key players in the global radiofrequency ablation devices for pain management market are engaged in regulatory approvals, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global radiofrequency ablation devices for pain management market. A few expansion strategies adopted by players operating in the global radiofrequency ablation devices for pain management market are:
In April 2017, Avanos Medical Inc. received the U.S. Food and Drug Administration (FDA) for its brand COOLIEF, Cooled Radiofrequency (Cooled RF) thermal treatment for the relief of chronic moderate to severe knee pain caused by osteoarthritis (OA). The first and only RF treatment to be cleared specifically to relieve OA knee pain.
The report on the global radiofrequency ablation devices for pain management market discussed individual strategies, followed by company profiles of manufacturers of ablation devices. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global radiofrequency ablation devices for pain management market.
Key Questions Answered in Global Radiofrequency Ablation Devices for Pain Management Market Report
- What is the scope of growth of product companies in the global radiofrequency ablation devices for pain management market?
- What will be the Y-o-Y growth of the global radiofrequency ablation devices for pain management market between 2019 and 2027?
- What is the influence of changing trends in treatment procedures on the global radiofrequency ablation devices for pain management market?
- Will North America continue to be the most profitable market for radiofrequency ablation devices for pain management providers?
- Which factors are anticipated to hamper the growth of the global radiofrequency ablation devices for pain management market during the forecast period?
- Which are the leading companies in the global radiofrequency ablation devices for pain management market?
Global Radiofrequency Ablation Devices for Pain Management Market – Segmentation
Product
- RF Generators
- Reusable Products
- Probes
- Electrodes
- Disposable Products
- Cannulas
- Needles
- Single-use probes and electrodes
End-user
- Specialty Clinics
- Ambulatory Surgical Centers
- Hospitals
- 500+ Beds
- 250-499 Beds
- Less than 250 Beds
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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