Report : Radiofrequency Ablation Devices Market Forecast to 2027 - Covid-19 Impact and Global Analysis by Product (Devices and Disposables) Application (Surgical Oncology, Cardiology, Gynecology, Cosmetology, and Pain Management), and Geography
Disposables Segment by Product is Expected to Grow at a Fast Pace Over the Forecast Period
According to the latest study on 'Radiofrequency Ablation Devices Market Forecast to 2027 - Covid-19 Impact and Global Analysis by Product and Application'. The global radiofrequency ablation devices market was valued at US$ 3,302.55 million in 2019 and is projected to reach US$ 7,711.72 million in 2027; it is expected to grow at a CAGR of 11.5% during 2020–2027. The report provides trends prevailing in the global radiofrequency ablation devices market and the factors driving market along with those that act as hindrances.
Based on the product, the global radiofrequency ablation devices market is segmented into devices and disposables. The disposables segment accounted for the largest market share in the global radiofrequency ablation devices market in 2019. Disposables are used in every radiofrequency ablation surgery and are an essential part of RFA surgery. Therefore, such an extensive application will increase its demand during the forecast period. Moreover, product developments by the market players are also likely to enhance the market growth of the segment during the forecast period. Based on the application, the radiofrequency ablation devices market is segmented into surgical oncology, cardiology, gynecology, cosmetology, and pain management.
The radiofrequency ablation devices market for is expected to grow owing to factors such as emerging applications of radiofrequency ablation technology and rising preference for minimally invasive procedures. Moreover, the trend of consistent RFA product launches and approvals are likely to positively impact on the market. However, side effects associated with radiofrequency ablation devices is likely to restrict the market growth.
Avanos Medical, Inc., Stryker, Abbott, Medtronic, Boston Scientific, Bard (BD), Angiodynamic, Hologic, Articure, and Merit medical are among the leading companies operating in the radiofrequency ablation devices market.
The Report Segments Global Radiofrequency Ablation Devices Market as Follows: