Global Radiofrequency-Based Devices System Market Share Analysis - Industry Trends and Forecast to 2027
Market Insights and Analysis: Global Radiofrequency-Based Devices System Market Overview and Projections (2022-2027)
The Global Radiofrequency-based Devices Market is projected to grow at a CAGR of around 13.98% during the forecast period, 2022-27.
Top leading companies in the Global Radiofrequency-Based Devices System Market includes:
Abbott Laboratories, AngioDynamics, Inc., Sisram Medical Ltd, AtriCure, Inc., Avanos Medical, Inc., Boston Scientific Corporation, Conmed Corporation, Cutera, Inc., Medtronic, Plc, Merit Medical Systems, Inc., Smith & Nephew, Stryker Corporation, Venus Concept, Inc., Bramsys Indústriae Comércio Ltd, BVM Medical Limited, Diros Technology Inc., and others.
Key Driver: Upsurge in the Number of Chronic Diseases Would Drive the Market Growth
Being one of the primary factors leading to the growth in healthcare costs, the increasing number of patients with chronic pain is a strong driver for the growth of the radiofrequency-based devices market. In recent years, the prevalence of chronic pain has been increasing irrespective of age. As per the National Institute of Health’s National Center for Complementary and Integrative Health (NCCIH), around 50 million American adults suffered from chronic pain in 2016. Hence, this increases the demand for efficient and cost-effective pain management devices & radiofrequency ablation (RFA) devices.
RFA is widely used to treat lower back pain, neck pain, osteoarthritis, rheumatoid arthritis, etc. The prevalence of these medical conditions has been increasing rapidly, contributing to the growth of RFA in the pain management segment. Hence, driving the growth of the Radiofrequency-based Devices market.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Product Type
-RF Generator/System
-Electrodes
-Applicators
-Probes
-Cannulas
-Needles
-Others
By Application
-Pain Management
-Aesthetics
-Oncology
-Cardiology
-Others (ENT, Gynaecology, Urology, General Surgery)
By End User
-Hospitals
-Ambulatory Surgery Centers (ASCs) and Speciality Clinics
-Others (Rehabilitation Centers, Nursing Homes, and Research and Academic Instituitions).
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Global Radiofrequency-Based Devices System Market Geographic Reach:
The Geographic Reach of the Global Radiofrequency-Based Devices System Market evaluates the spread and significance of Global Radiofrequency-Based Devices System market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: The US, Canada, Mexico
· South America: Brazil, Rest of South America
· Europe: Germany, France, The UK,Italy, Spain,The Netherlands, Switzerland, Rest-of-Europe
· Asia-Pacific: Japan, China, India, South Korea, Australia, New Zealand, Singapore, Rest-of-Asia-Pacific
· Middle East & Africa.
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