Multi Needle Radiofrequency Electrodes Market Statistics, Trends, and Key Players by 2031

MARKET OVERVIEW

Radiofrequency ablation is a minimally invasive procedure that involves the ablation of targeted dysfunctional tissues by heat generation from a high-frequency alternative current. It burns the unwanted or affected tissue, leaving behind a scar that eventually heals in time. RF ablation reduces the potential side effects, lessens recovery time, and can be used on patients suffering from multiple tumors that cannot be treated via open surgery. Multiple-electrode radiofrequency ablation is a safe procedure. Multiple electrode tips of an expanding electrode are active, resulting in more homogenous heat distribution within the tumor. Multi-needle electrodes have accuracy, portability, and cost-effectiveness and help achieve local control in large or irregular hepatic tumors and can be used to treat several tumors simultaneously. Further development will help define its role in treating tumors in other organs such as the kidney, lung, and bone.

MARKET SCOPE

The "Global Multi Needle Radiofrequency Electrodes Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the multi needle radiofrequency electrodes market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading multi needle radiofrequency electrodes market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on type, the global multi needle radiofrequency electrodes market is segmented into 8 sub needles, 10 sub needles and 13 sub needles.
  
•  On the basis of application, the market is bifurcated into radiofrequency ablation of liver and lung, radiofrequency ablation of thyroid and breast and others.
  

MARKET DYNAMICS

Drivers

•  The growing geriatric population coupled with rising prevalence of chronic diseases drive the multi-needle radiofrequency electrodes market demand.
  
•  Increasing healthcare expenditure and government support for quality healthcare propel the market growth.
  
•  Increasing preference for minimally invasive surgeries and technological advancements fuel the market growth.
  

Restraints

•  Low awareness about ablation technique.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The multi needle radiofrequency electrodes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the multi needle radiofrequency electrodes market in these regions.

IMPACT OF COVID-19 ON MULTI NEEDLE RADIOFREQUENCY ELECTRODES MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. With the increase in COVID-19 cases and demand from health care, the need to reduce the level of activity in all surgical procedures was necessary. Hence, only invasive procedures that were urgent and emergency cases were allowed to be carried out except that all other procedures were either postponed or canceled. As the outbreak has introduced many challenges for the health care system resulting in a stepping down approach to restrict the infection transmission, it has impacted the market growth. Therefore, the factors mentioned above have significantly affected the market in the pandemic time.

MARKET PLAYERS

The report covers key developments in the multi needle radiofrequency electrodes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from multi needle radiofrequency electrodes market are anticipated to have lucrative growth opportunities in the future with the rising demand for multi needle radiofrequency electrodes in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the multi needle radiofrequency electrodes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Starmed
  
•  Medsphere
  
•  Beijing Blade
  
•  RF Medical Co.,Ltd
  
•  Seawon Meditech
  
•  St. Jude Medical
  
•  Boston Scientific Corporation,
  
•  Smith & Nephew
  
•  NeuroTherm, Inc.
  
•  Arthrex
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Multi Needle Radiofrequency Electrodes Report Scope