WILMINGTON, DE / ACCESSWIRE / August 9, 2022 / Transparency Market Research Inc. – A study by Transparency Market Research (TMR) expects the global radiofrequency ablation devices market to develop at a CAGR of 11.1% during the forecast period from 2019 to 2027. The total valuation of the market for radiofrequency ablation devices was US$ 543.2 Mn in 2018.
The study by TMR provides in-depth assessment of key factors influencing the growth trajectory of the global radiofrequency ablation devices market. Hence, readers gain access to different facets including the growth drivers, challenges, restraints, challenges, and fastest growing market for radiofrequency ablation devices. Moreover, the report offers thorough analysis on the recent developments in the radiofrequency ablation devices market together with the future market demand for radiofrequency ablation devices.
Leading players in the global radiofrequency ablation devices market are focusing on the development of next-gen products. Hence, they are seen increasing investments in R&D projects. Furthermore, companies in the radiofrequency ablation devices industry are engaging in different strategies such as new product launches, acquisitions, collaborations, and regulatory approvals, notes a demand analysis of radiofrequency ablation devices market by TMR. Such efforts are helping in the expansion of the market for radiofrequency ablation devices.
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The radiofrequency ablation devices market is prognosticated to gain profitable prospects in several developing nations including China, Brazil, and India. This growth is ascribed to several important facets including the presence of a sturdy insurance policies in several regional nations together with a rise in the older population in many emerging economies, state researchers of a analysis report by TMR.
Radiofrequency Ablation Devices Market: Key Findings
- Chronic pain can impact negatively on the overall quality of life of a patient. Moreover, such type of pains are resistant to majority of medical treatments. These situations also may lead to severe physiological and mental problems. These factors are leading to notable business opportunities in the radiofrequency ablation devices market, notes a TMR assessment.
- Generally, the older population is more likely to experience severe levels of pain owing to different health issues. Hence, a rise in the number of older people across the globe is resulting into increase in the need for radiofrequency ablation devices for pain management. This factor, in turn, is estimated to help in the expansion of the radiofrequency ablation devices market during the forecast period, according to analysts of a research report by TMR.
- Over the period of past few years, the patient population across the globe is inclining toward non-invasive surgical procedures. This factor is creating profitable prospects in the global radiofrequency ablation devices market, note analysts of a report by TMR. This aside, the government authorities of several nations around the world are providing attractive reimbursement policies for the treatment of pain using radiofrequency ablation (RF) therapy. Such factors are favoring the growth curve of the global radiofrequency ablation devices market.
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Radiofrequency Ablation Devices Market: Growth Boosters
- Rise in number of patients with chronic pain across the globe is driving the growth opportunities in the global radiofrequency ablation devices market
- Increase in the use of RF ablation for pain management by end-users and prescribers is boosting the growth in radiofrequency ablation devices market
Radiofrequency Ablation Devices Market: Key Players
Some of the key players profiled in the report are:
- Diros Technology, Inc.
- Boston Scientific Corporation
- Halyard Health, Inc.
- Olympus Corporation
- Stryker Corporation
- Medtronic plc
- Merit Medical Systems
- AngioDynamic, Inc.
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Radiofrequency Ablation Devices Market Segmentation
- RF Generators
- Reusable Products
- Disposable Products
- Single-use probes and electrodes
- Specialty Clinics
- Ambulatory Surgical Centers
- 500+ Beds
- 250-499 Beds
- Less than 250 Beds
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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