Medical Device Europe Radiofrequency Ablation Devi...

Europe Radiofrequency Ablation Devices Market Forecast to 2027 - Covid-19 Impact and Regional Analysis by Product (Devices and Disposables) Application (Surgical Oncology, Cardiology, Gynecology, Cosmetology, and Pain Management), and Geography

Publication Month: May 2020 | Report Code: TIPRE00010857 | No. of Pages: 106 | Category: Medical Device | Status: Published
Covid

The European radiofrequency ablation devices market is anticipated to reach US$ 2,335.88 Mn in 2027 from US$ 1,021.48 Mn in 2019. The market is projected to grow at a CAGR of 11.2% during 2020–2027.

 

The radiofrequency ablation devices transmit the energy of radiofrequency waves and destroy the target tissue. This technology has been widely in use to treat solid tumors, arrhythmias, uterine fibroids, and other medical conditions. The growth of the market is driven by factors such as the increasing prevalence of chronic illness, emerging applications of radiofrequency ablation technology, and growing preference for minimally invasive proceduresin the region. However, side-effects associated with radiofrequency ablationas well as high costs of RFA devices and reimbursement issuesassociated with the treatmentarethe factor hindering the market growth to a certain extent.

 

 

The radiofrequency ablation procedure involves the injection of local anesthesia, followed by the insertion of a thin needle through a tiny incision to pass heat and electrical energy. Moreover, as the procedure is devoid of large cuts, it can be carried on extremely sick or old patients, as they cannot bear the stress associated with open surgeries. The completion of the total procedure takes 30–90 minutes, and the patients are monitored for a day, or in several cases, they are discharged on the same day. Further, they can recover in less time and can get back to daily life in ~1–3 weeks. The use of ablation for symptomatic AF has increased significantly over the past 10 years in the UK. As per the British Heart Rhythm Society,the number of cardiac ablation procedures performed in the UK increased from 8,035 in 2007 to 17,106 in 2013. These benefits of the minimally invasive surgeries enabled with radiofrequency ablation technique are driving the growth of the market.Thus, the benefits associated with the minimal invasiveness of theprocedure of radiofrequency ablation treatment are driving the growth of the market.

 

Growing healthcare expenditure is another factor contributing to growth of the radiofrequency ablation device market in Europe. The rise in the number hospital admissions to hospitals of people suffering from different types of pain, high-cost insurance premium policies, and high deductibles in hospitals are among the factors are leading to the rise in healthcare costs in the European countries. In 2012 RFA-Academia launched an initiative to increase awareness in Europe as well as to teach endoscopists the safe and justified application of RFA to reduce the disease burden. Government programs with different insurance coverage have increased overall demand for medical services—resulting in higher prices. Additionally, the surge in the incidence of chronic conditions has had a direct impact on increases in the cost of medical care,as almost 50% of the Europeans have some form of chronic illness. The RFA treatment is a prime trend in pain management nowadays, and in treatment of chronic illness associated with advancement in technology and healthcare infrastructure facility is anticipated to havea positive influence in the revenue generation from radiofrequency ablation devices.

 

The impact of the COVID-19 pandemic on cancer patients is high in terms of anxiety, fear, and psychological distress, which has primarily impacted the diagnosis and treatment of cancer due to the diversification of the medical work force and decision to focus on treating the critically ill. The procedures using RFA ablation devices for the treatment of various disorders have been postponed due to the ongoing pandemic crisis.

 

Rest of EuropeRadiofrequency Ablation Devices Market Revenue and Forecast to 2027 (US$Mn)

Rest of EuropeRadiofrequency Ablation Devices Market

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EUROPERADIOFREQUENCY ABLATION DEVICESMARKET – SEGMENTATION


ByProduct

  • Devices
  • Disposables


ByApplication

  • Surgical Oncology
  • Cardiology
  • Cosmetology
  • Gynaecology
  • Pain Management


By Country

  • Germany
  • UK
  • France
  • Italy
  • Spain


Companies Mentioned

  • Avanos Medical, Inc.
  • Medtronic
  • Boston Scientific Corporation
  • AngioDynamics
  • Hologic Inc.

 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Europe Radiofrequency Ablation Devices Market – By Product

1.3.2        Europe Radiofrequency Ablation Devices Market – By Applications

1.3.3        Europe Radiofrequency Ablation Devices Market – By Country

2.           Europe Radiofrequency Ablation Devices Market –  Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Europe Radiofrequency Ablation Devices Market – Market Landscape

4.1         Overview

4.2         PEST Analysis

4.2.1        Radiofrequency Ablation Devices Market - Europe PEST Analysis

4.3         Expert Opinion

5.           Europe Radiofrequency Ablation Devices Market -  Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Rising Chronic Diseases

5.1.2        Increasing Preference for Minimally Invasive Procedures

5.1.3        Emerging Applications of Radiofrequency Ablation Technology

5.2         Key Market Restraints

5.2.1        Side Effects Associated with Radiofrequency Ablation

5.2.2        High Costs of RFA Devices and Reimbursement Issues

5.3         Key Market Opportunities

5.3.1        Growing Healthcare Expenditure

5.4         Future Trends

5.4.1        Consistent Radiofrequency Ablation Product Launches and Approvals

5.5         Impact Analysis

6.           Radiofrequency Ablation Devices Market –  Europe Analysis

6.1         Europe Radiofrequency Ablation Devices Market Revenue Forecasts and Analysis

7.           Europe Radiofrequency Ablation Devices Market Analysis And Forecasts To 2027 – By Product

7.1         Overview

7.2         Europe Radiofrequency Ablation Devices Market, By Product 2019 & 2027 (%)

7.2.1        Europe Radiofrequency Ablation Devices Market Revenue and Forecasts to 2027, By Product (US$ Mn)

7.3         Devices

7.3.1        Overview

7.3.2        Europe Devices Market Revenue and Forecast to 2027 (US$ Mn)

7.4         Disposables

7.4.1        Overview

7.4.2        Europe Disposables Market Revenue and Forecasts to 2027 (US$ Mn)

8.           Europe Radiofrequency Ablation Devices Market Analysis – By Applications

8.1         Overview

8.2         Europe Radiofrequency Ablation Devices Market, By Applications 2019-2027 (%)

8.2.1        Europe Radiofrequency Ablation Devices Market Revenue and Forecasts to 2027, By Applications (US$ Mn)

8.3         Surgical Oncology

8.3.1        Overview

8.3.2        Europe Surgical Oncology Market Revenue and Forecasts to 2027 (US$ Mn)

8.4         Cardiology

8.4.1        Overview

8.4.2        Europe Cardiology Market Revenue and Forecasts to 2027 (US$ Mn)

8.5         Cosmetology

8.5.1        Overview

8.5.2        Europe Cosmetology Market Revenue and Forecasts to 2027 (US$ Mn)

8.6         Gynaecology

8.6.1        Overview

8.6.2        Europe Gynaecology Market Revenue and Forecasts to 2027 (US$ Mn)

8.7         Pain Management

8.7.1        Overview

8.7.2        Europe Pain Management Market Revenue and Forecasts to 2027 (US$ Mn)

9.           Radiofrequency Ablation Devices Market Revenue and Forecasts To 2027 – Geographical Analysis

9.1         Europe Radiofrequency Ablation Devices Market Revenue and Forecasts To 2027

9.1.1        Overview

9.1.2        Europe: Radiofrequency Ablation Devices Market - Revenue and Forecast to 2027 (USD Million)

9.1.3        Europe Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.4        Europe Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

9.1.5        Europe: Radiofrequency Ablation Devices Market, by Country, 2019 & 2027 (%)

9.1.6        Germany: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.1          Germany: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.6.2          Germany Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.6.3          Germany Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

9.1.7        UK: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.7.1          UK: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.7.2          UK Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.7.3          UK Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

9.1.8        France: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.8.1          France: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.8.2          France Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.8.3          France Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

9.1.9        Spain: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.9.1          Spain: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.9.2          Spain Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.9.3          Spain Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

9.1.10     Italy: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.10.1       Italy: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

9.1.10.2       Italy Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

9.1.10.3       Italy Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

10.        Impact Of COVID-19 Pandemic on Europe Radiofrequency Ablation Devices Market

10.1      Europe: Impact Assessment Of COVID-19 Pandemic

11.        Europe Radiofrequency Ablation Devices Market Industry Landscape

11.1      Overview

11.2      Growth Strategies Done by the Companies in the Market, (%)

11.3      Organic Developments

11.3.1     Overview

11.4      Inorganic Developments

11.4.1     Overview

12.        Company Profiles

12.1      Medtronic

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Boston Scientific Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Hologic, Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      AngioDynamics Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Financial Overview

12.4.4     SWOT Analysis

12.4.5     Key Developments

12.5      Avanos Medical Inc.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

13.        Appendix

13.1      About the Insight Partners

13.2      Glossary of Terms

LIST OF TABLES

Table 1.             Europe Radiofrequency Ablation Devices Market Revenue and Forecasts To 2027, By Product (US$ Mn)

Table 2.             Europe Radiofrequency Ablation Devices Market Revenue and Forecasts To 2027, By Applications (US$ Mn)

Table 3.             Europe Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 4.             Europe Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 5.             Germany Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 6.             Germany Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 7.             United Kingdom Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 8.             United Kingdom Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 9.             France Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 10.          France Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 11.          Spain Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 12.          Spain Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 13.          Italy Radiofrequency Ablation Devices Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 14.          Italy Radiofrequency Ablation Devices Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 15.          Organic Developments Done By Companies

Table 16.          Inorganic Developments Done By Companies

Table 17.          Glossary of Terms, Radiofrequency Ablation Devices Market

 

LIST OF FIGURES

Figure 1.           Radiofrequency Ablation Devices Market Segmentation

Figure 2.           Europe Radiofrequency Ablation Devices Market Overview

Figure 3.           Disposables Segment Held Largest Share of Product in Radiofrequency Ablation Devices Market

Figure 4.           UK is Expected to Show Remarkable Growth During the Forecast Period

Figure 5.           Europe Radiofrequency Ablation Devices Market - Leading Country Markets (US$ Mn)

Figure 6.           Europe Radiofrequency Ablation Devices Market, Industry Landscape

Figure 7.           Radiofrequency Ablation Devices Market - Europe PEST Analysis

Figure 8.           Radiofrequency Ablation Devices Market Impact Analysis of Driver And Restraints

Figure 9.           Europe Radiofrequency ablation devices market – Revenue Forecasts and Analysis – 2019- 2027

Figure 10.        Europe Radiofrequency Ablation Devices Market, By Product 2019 & 2027 (%)

Figure 11.        Europe Devices Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 12.        Europe Disposables Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 13.        Europe Radiofrequency Ablation Devices Market, by Applications 2019 & 2027 (%)

Figure 14.        Europe Surgical Oncology Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 15.        Europe Cardiology Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 16.        Europe Cosmetology Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 17.        Europe Gynaecology Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 18.        Europe Pain Management Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19.        Europe: Radiofrequency Ablation Devices Market, by Key Country – Revenue (2019) (USD Million)

Figure 20.        Europe Radiofrequency Ablation Devices Market Revenue and Forecast to 2027 (USD Million)

Figure 21.        Europe: Radiofrequency Ablation Devices Market, by Country, 2019 & 2027 (%)

Figure 22.        Germany: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 23.        UK: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 24.        France: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 25.        Spain: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 26.        Italy: Radiofrequency Ablation Devices Market – Revenue and Forecast to 2027 (USD Million)

Figure 27.        Impact of COVID-19 Pandemic in European Country Markets

Figure 28.        Growth Strategies Done by the Companies in the Market, (%)

 

The List of Companies - Europe Radiofrequency Ablation Devices Market

  1. Avanos Medical, Inc.
  2. Medtronic
  3. Boston Scientific Corporation
  4. AngioDynamics
  5. Hologic Inc.

 

TIPRE00010857
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