Radiofrequency Ablation Devices Market Size, Share | Trends 2027

Radiofrequency Ablation Devices Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product (Devices and Disposables) and Application (Surgical Oncology, Cardiology, Gynecology, Cosmetology, and Pain Management)

Publication Month : Apr 2020

  • Report Code : TIPRE00004752
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 154
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The radiofrequency ablation devices market size is projected to reach US$ 7,711.72 million by 2027 from US$ 3,302.55 million in 2019; it is estimated to grow at a CAGR of 11.5% from 2020 to 2027.

Radiofrequency ablation is a minimally invasive procedure appropriate for patients with cardiac diseases, cancer, and pain management. It has become a method of choice because of its high efficacy, ease of use, and safety. Radiofrequency ablation is being increasingly used for the treatment of many diseases. In a radiofrequency ablation procedure, the physician uses a device that transmits radiofrequency energy and destroys the target tissue. This technology has been widely used to treat solid tumors, arrhythmias, uterine fibroids, and other medical conditions.

The global radiofrequency ablation devices market is segmented based on product, application, and geography. By geography, the global market is broadly segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. The report offers insights and in-depth analysis of the market that helps analyze various parameters such as market trends, technological advancements, market dynamics, and the competitive analysis of the globally leading market players.        

Lucrative Regions for Radiofrequency Ablation Devices Market

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Market Insights

Increasing Preference for Minimally Invasive Procedures to Drive Global Radiofrequency Ablation Devices Market

Minimally invasive treatment procedures are associated with smaller incisions, less pain, shorter hospital stay, faster recovery, less scarring, and increased accuracy, which is leading to a greater preference for these procedures around the world. Moreover, patients undergoing minimally invasive surgeries do not require large doses of painkillers because of manageable discomfort and bearable pain. Minimally invasive procedures help heal faster than conventional surgeries, thereby allowing patients to get back to their normal lives as quickly. Radiofrequency ablation procedure is devoid of large cuts; it can be carried on severely ill 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. These benefits of the minimally invasive surgeries enabled with RF ablation technique fuel the global radiofrequency ablation devices market growth. 

Product-Based Insights

Based on product, the global radiofrequency ablation devices market is segmented into devices and disposables. The disposables segment held a larger radiofrequency ablation devices market share in 2019 and is anticipated to register a higher CAGR in the market during the forecast period. Disposables are used in every radiofrequency ablation surgery. These disposables help in transmitting the electric current to the target tissue and hence are the crucial components of the radiofrequency ablation procedure. The market players are developing advanced products to reduce errors and carry out the procedure efficiently. For instance, Boston Scientific offers an all-in-one electrode, cannula, and injection tube, which is designed to reduce cannula movement by providing precision and control to the surgeons while operating. 

Radiofrequency Ablation Devices Market, by Product – 2019 and 2027

Radiofrequency Ablation Devices Market, by Product – 2019 and 2027
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Application-Based Insights

Based on application, the global radiofrequency ablation devices market is segmented into surgical oncology, cardiology, cosmetology, gynecology, and pain management. The surgical oncology segment held the largest market share in 2019 and is estimated to register the highest CAGR during the forecast period. Radiofrequency ablation is used to treat Barrett’s esophagus, which is a precancerous condition of the esophagus. The surgical oncology segment is expected grow significantly owing to wide application of radiofrequency ablation in surgical oncology and increasing number of cancer patients across the globe. Thus, this contributes to a significant radiofrequency ablation devices market share to the segment and is expected to continue the trend during the forecast period.

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Radiofrequency Ablation Devices Market: Strategic Insights

Market Size Value inUS$ 3,302.55 Million in 2019
Market Size Value byUS$ 7,711.72 Million by 2027
Growth rateCAGR of 11.5% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Product launches and collaborations are some organic developments adopted strategies by the global radiofrequency ablation devices market players. Merger & acquisition, collaboration, and partnership by the operating players in the market to bridge the demand–supply gap are anticipated to play a major role in the growth of the market during the forecast period. A few of the recent key market developments are listed below:

In February 2019, Medtronic received the FDA approval for marketing of the Accurian radiofrequency ablation system that is used for the treatment of chronic pain. It helped the company to strengthen its business segment operations in the US.

In December 2017, BD acquired C. R. Bard, Inc. The acquisition created a new health care industry leader in the global market. Bard's, with its strong product portfolio and innovation pipeline, has increased the scope for opportunities in fast-growing medical devices business in the global markets.

The COVID-19 pandemic has significantly affected the radiofrequency ablation devices market.

According to the, in the US, many doctors, hospitals and other healthcare facilities delayed or canceled the breast cancer procedures, surgeries, screenings or other treatments, if it is not considered urgent, or indicated for life-threatening conditions. According to the research led by Codice Viola, charity that supports pancreatic cancer patients found that more than 500 breast or pancreatic patients’ appointments for radiotherapy were postponed. Additionally, 64% of surgical procedures were postponed and more than half have had follow-up appointments rescheduled. All of this results in the reduction of ablation procedures that impacted the global radiofrequency ablation devices market growth. The death pool of ill patients, including cancer patients, in low-cost regions also increased as healthcare professionals had limited their patients’ check-ups due to limited resources and staff. Additionally, in this crisis, demand for devices and disposables related to radiofrequency ablation devices to treat cancer was also affected. However, the number of radiofrequency ablation procedures is expected to grow significantly in the future owing to the resumption of postponed elective surgeries during the crisis.

Radiofrequency Ablation Devices – Market Segmentation

The global radiofrequency ablation devices market is segmented based on product, application, and geography. In terms of product, the market is segmented into devices and disposables. Based on application, the radiofrequency ablation devices market is segmented into surgical oncology, cardiology, cosmetology, gynecology, and pain management. Geographically, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.  

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Application , and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

What is Radiofrequency Ablation?

Radiofrequency Ablation is a medical process that ablates a dysfunctional tissue using heat generated by high frequency electromagnetic waves. It is a minimally invasive procedure which is utilized in various fields of medicine such as pain management, cardiac rhythm management, oncology and renal denervation for hypertension.

What are the driving factors for the radiofrequency ablation devicesmarketacross the globe?

The growth of the market is attributed to some key driving factors such as, emerging applications of radiofrequency ablation technology and rising preference for minimally invasive procedures are expected to propel the growth of the market during the forecast period. However, side effects associated radiofrequency ablation devices is likely to pose a negative impact on the market growth.

What is the average cost of a Radiofrequency Ablation procedure?

The average cost of a radiofrequency ablationranges between US$ 2000 to US$ 6000. However, the cost of a radiofrequency ablation may vary with region and type.

The List of Companies - Radiofrequency Ablation Devices Market

  1. Avanos Medical Inc.
  2. Stryker
  3. Abbott
  4. Medtronic
  5. Boston Scientific
  6. Bard (BD)
  7. Angiodynamic
  8. Hologic
  9. Articure
  10. Merit medical

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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