The increasing prevalence of cancer and rising demand for treating such chronic diseases are propelling the Global Radiofrequency Ablation Systems Market, finds Fortune Business Insights in their recent study.
The study is titled, “Radiofrequency Ablation Systems Market: Global Market Analysis, Insights, and Forecasts, 2019 – 2025.” The market, as per study, will exhibit growth at a promising CAGR on account of rising prevalence of both cardiovascular and chronic diseases around the world.
- Unipolar Radiofrequency Ablation Systems
- Bipolar Radiofrequency Ablation Systems
- Pain Management
By End User
- Ambulatory Surgery Centres
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Key players leading the Global Radiofrequency Ablation Systems Market include
- Johnson & Johnson Services, Inc.,
- RF MEDICAL,
- AtriCure, Inc.,
- ENDO-FLEX GmbH,
- Bramsys Indústria e Comércio Ltda.,
- Gynesonics, Inc.,
- Boston Scientific Corporation,
- Hologic Inc.,
- RZ Medizintechnik,
- Sutter Medizintechnik GmbH,
Gradual Shift Towards Minimally Invasive Procedures Fuels Demand for Radiofrequency Ablation Devices
In 2017, a clinical research stated that radiofrequency ablation therapies increases the probability of curing cancer by an estimated percentage of 40.0%. In addition to this, nearly 60% of cancer patients undergo radiotherapies. Radiofrequency ablation process destroys the tissues that cause cancer and using this non-surgical method also destroys the nerves that sends pain signals to the brain. Thus, patient preference for radiofrequency ablation is increasing and this will drive the market in the coming years.
The rising geriatric population and their susceptibility towards various chronic and cardiovascular diseases are boosting the global market for radiofrequency ablation systems market. Besides this, patients are gradually shifting to minimally invasive procedures from conventional procedures and this will help the market earn more revenues during the forecast period.
However, the market may face challenges in terms of high maintenance cost and lower accessibility in developing nations. This coupled with, the lack of awareness about such painless procedures may restrict the market’s growth. Furthermore, the availability of other treatment methods may cause hindrance to the radiofrequency ablation system market in the long run.
Nevertheless, the high effectiveness of radiofrequency ablation techniques and short time span for treatment procedure take will provide lucrative growth opportunities for the market during the forecast period.
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