The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global radiofrequency ablation devices market is expected to grow from $3.76 billion in 2022 to $4.27 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The radiofrequency ablation devices market is expected to reach $6.77 billion in 2027 at a CAGR of 12.2%.

North America held the largest radiofrequency ablation devices market share, and Asia-Pacific was the fastest-growing region in 2022.

Radiofrequency Ablation Devices Market Driver
Increasing chronic diseases are driving the growth of the radiofrequency ablation devices market going forward. Chronic diseases are problems that last a year or longer, necessitating continuing medical care, restricting everyday activities, or both. Radiofrequency ablation devices are used in chronic diseases to relieve people with chronic and arthritic joint pain. It is often used to shrink the size of tumors, nodules, or other growths in the body. For instance, in January 2023, according to the National Library of Medicine, a US-based biomedical library, it was projected that by the year 2050, the number of individuals aged 50 years and older who have at least one chronic illness would surge by 99.5%, rising from 71.522 million in 2020 to 142.66 million. As a result, increasing chronic diseases are propelling the growth of the radiofrequency ablation devices market.

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Prominent Radiofrequency Ablation Devices Market Trend
Technological advancement is a key trend gaining popularity in the radiofrequency ablation devices market. Major companies operating in the radiofrequency ablation devices market are focused on innovating new technical solutions to sustain their position in the market. For instance, in April 2023, Compal Electronics, a Taiwan-based electronics company, launched AblatePal, a new radiofrequency ablation (RFA) system for percutaneous and intraoperative coagulation and ablation of soft tissue. This RFA system uses the heat energy produced by electrical resistance when current flows through the tissue to cauterize the tumor and cause tumor necrosis. Its advanced cooling technology prevents damage to normal tissue and has positive results that can reduce the size of the wound and shorten the length of time patients must stay in the hospital.

Radiofrequency Ablation Devices Market Prominent Players
Major players in the radiofrequency ablation devices market are Johnson And Johnson Co, Abbott Laboratories, Medtronic PLC, Siemens Healthineers, Becton, Dickinson and Company, Koninklijke Philips NV, Stryker Corporation, Boston Scientific Corporation, Olympus Corporation, Smith And Nephew PLC, Ethicon Inc., Hologic Inc., Arthrex Inc., Halyard Health 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., and Epimed International Inc.

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Key Radiofrequency Ablation Devices Market Segments
The global radiofrequency ablation devices market is segmented –
1) By Product Type: Disposables Equipment, Reusables Equipment, Capital Equipment
2) By Application: Oncology, Cardiology And Cardiac Rhythm Management, Gynecology, Pain Management, Other Applications
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users

The Radiofrequency Ablation Devices Global Market Report 2023  provides a comprehensive overview on the radiofrequency ablation devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the radiofrequency ablation devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Pain Management Devices And Therapies Global Market Report 2023
Radiofrequency Identification Tags Global Market Report 2023
Endometrial Ablation Devices Global Market Report 2023 

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