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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Radiofrequency ablation is a minimally invasive medical procedure involving the ablation of targeted dysfunctional tissues via the generation of heat from high frequency alternative current. It functions by converting electrical energy to heat energy and then utilizing the concepts of hyperthermia to burn the unwanted or affected tissue, leaving behind a scar which eventually heals in time.

Statistics:

The global radiofrequency ablation devices market for pain management is estimated to account for US$ 1,465.1 Mn in 2020 and is expected to reach US$ 5,075.1 Mn in terms of value by the end of 2027.

Global Radiofrequency Ablation Devices Market for Pain Management: Drivers

High prevalence of chronic arthritis is expected to propel growth of the global radiofrequency ablation devices market for pain management over the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC)’s May 2019 report, an estimated 54.4 million US adults have diagnosed arthritis, which accounted for around 1 in 4 people in the U.S. 

Moreover, increasing geriatric population is also expected to aid in growth of the global radiofrequency ablation devices market for pain management. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.     

Disposables held dominant position in the global radiofrequency ablation devices market for pain management in 2019, accounting for 44.5% share in terms of value, followed by equipment and reusables, respectively.

Figure 1. Global Radiofrequency Ablation Devices Market for Pain Management Market Share (%), by Value, by Product, 2019

Radiofrequency Ablation Devices  | Coherent Market Insights

Global Radiofrequency Ablation Devices Market for Pain Management: Restraints

Side effects of radiofrequency ablation for pain management are expected to hinder growth of the global radiofrequency ablation devices market for pain management. Some of the side effects associated with radiofrequency ablation for pain management procedures are discomfort, tissue charring and swelling.

Moreover, highly selective group of patients is compatible for the procedure, which is also expected to limit growth of the global radiofrequency ablation devices market for pain management. Radiofrequency ablation for pain management is not applicable for a large number of people suffering from chronic back pain, since there are several associated conditions which prevent use of this procedure as an option.

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Radiofrequency Ablation Devices Market for Pain Management Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2020: US$ 1,465.1 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 19.4% 2027 Value Projection: US$ 5,075.1 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Product:
    • Equipment
    • Reusables: Probes, Electrodes.
    • Disposables: Cannulas, Needles, RF- Single Use Probe, RF- Single Use Electrodes.
  • By End User: Hospitals, Ambulatory Surgical Centers, Clinics.
Companies covered:

Accuray, Inc., Avanos Medical, Inc., Boston Scientific Corporation, Biosense Webster, Inc., Cosman Medical, Inc., Diros Technology, Inc., Kimberly-Clark Corporation, NeuroTherm, Inc., St. Jude Medical, Inc., and Stryker Corporation.

Growth Drivers:
  • Technological advancement
  • Increasing use of ablation technique
Restraints & Challenges:
  • High costs
  • Low awareness of ablation technique

Global Radiofrequency Ablation Devices Market for Pain Management: Opportunities 

Increasing demand for minimally invasive procedures is expected to offer lucrative growth opportunities for players in the global radiofrequency ablation devices market for pain management. Minimally invasive surgeries suit the patient’s preferences due to factors such as it has less post-surgery complications and side effects and entails shorter patient recovery span and minimal pain.

Moreover, increasing prevalence of diabetes is also expected to aid in growth of the global radiofrequency ablation devices market for pain management. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

The global radiofrequency ablation devices market for pain management was valued at US$ 1,226.8 Mn in 2019 and is forecast to reach a value of US$ 5,075.1 Mn by 2027 at a CAGR of 19.4% between 2020 and 2027.

Figure 2. Global Radiofrequency Ablation Devices Market for Pain Management Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Radiofrequency Ablation Devices  | Coherent Market Insights

Market Trends/Key Takeaways

Increasing prevalence of osteoarthritis is expected to propel growth of the global radiofrequency ablation devices market for pain management over the forecast period. For instance, according to the study ‘Osteoarthritis in Europe: Impact on health status, work productivity and use of pharmacotherapies in five European countries’ that examined the impact of peripheral joint osteoarthritis across five European countries, UK (43.6%), France, (25.6%), Germany, (15.2%), Spain, (8.4%), and Italy (7.1%) recorded high prevalence of peripheral joint osteoarthritis, with majority of cases aging 55-74 years.

Moreover, increasing number of pain management clinics is also expected to aid in growth of the global radiofrequency ablation devices market for pain management. For instance, in August 2020, Mays & Schnapp Neurospine and Pain, a Memphis pain management clinic, started its second location on the corner of Airways Boulevard and Rasco Road.

Global Radiofrequency Ablation Devices Market for Pain Management: Competitive Landscape

Major players operating in the global radiofrequency ablation devices market for pain management include, Accuray, Inc., Avanos Medical, Inc., Boston Scientific Corporation, Biosense Webster, Inc., Cosman Medical, Inc., Diros Technology, Inc., Kimberly-Clark Corporation, NeuroTherm, Inc., St. Jude Medical, Inc., and Stryker Corporation.

Global Radiofrequency Ablation Devices Market for Pain Management: Key Developments

Major players operating in the global radiofrequency ablation devices market for pain management are focused on adopting M&A strategies to expand their product portfolio. For instance, in May 2019, Boston Scientific Corporation entered into a definitive agreement to acquire Vertiflex, Inc., a developer of minimally-invasive devices for pain management.

Ablation has gained immense popularity all over the world as it offers minimally invasive solutions for the removal of tissues or tumors with bearable pain, and a lesser recovery period compared to open surgical procedures. Demand for ablation devices is expected to increase owing to increasing incidence of chronic diseases, mainly tumorigenic cancer and other cardiovascular disorders, across the globe. Chronic diseases are the major cause of mortality which resulted in over 38 million deaths worldwide in 2015, according to the World Health Organization (WHO).

Restraints of the Global Radiofrequency Ablation Devices Market for Pain Management

Major factors hampering the growth of the radiofrequency ablation devices market for pain management during the forecast period constitutes of high costs, and low awareness of ablation technique.

Key features of the study:

  • This report provides in-depth analysis of the global radiofrequency ablation devices market for pain management and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global radiofrequency ablation devices market for pain management based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Accuray, Inc., Avanos Medical, Inc., Boston Scientific Corporation, Biosense Webster, Inc., Cosman Medical, Inc., Diros Technology, Inc., Kimberly-Clark Corporation, NeuroTherm, Inc., St. Jude Medical, Inc., and Stryker Corporation.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global radiofrequency ablation devices market for pain management report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Global Radiofrequency Ablation Devices Market for Pain Management, By Product:
    • Equipment
    • Reusables
      • Probes
      • Electrodes
    • Disposables
      • Cannulas
      • Needles
      • RF- Single Use Probe
      • RF- Single Use Electrodes
  • Global Radiofrequency Ablation Devices Market for Pain Management, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics
  • Global Radiofrequency Ablation Devices Market for Pain Management, By Geography:
    • North America
      • By Product
        • Equipment
        • Reusables
          • Probes
          • Electrodes
        • Disposables
          • Cannulas
          • Needles
          • RF- Single Use Probe
          • RF- Single Use Electrodes
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product
        • Equipment
        • Reusables
          • Probes
          • Electrodes
        • Disposables
          • Cannulas
          • Needles
          • RF- Single Use Probe
          • RF- Single Use Electrodes
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product
        • Equipment
        • Reusables
          • Probes
          • Electrodes
        • Disposables
          • Cannulas
          • Needles
          • RF- Single Use Probe
          • RF- Single Use Electrodes
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product
        • Equipment
        • Reusables
          • Probes
          • Electrodes
        • Disposables
          • Cannulas
          • Needles
          • RF- Single Use Probe
          • RF- Single Use Electrodes
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Product
        • Equipment
        • Reusables
          • Probes
          • Electrodes
        • Disposables
          • Cannulas
          • Needles
          • RF- Single Use Probe
          • RF- Single Use Electrodes
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product
        • Equipment
        • Reusables
          • Probes
          • Electrodes
        • Disposables
          • Cannulas
          • Needles
          • RF- Single Use Probe
          • RF- Single Use Electrodes
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Clinics
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Accuray, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Avanos Medical, Inc.
    • Boston Scientific Corporation
    • Biosense Webster, Inc.
    • Cosman Medical, Inc.
    • Diros Technology, Inc.
    • Kimberly-Clark Corporation
    • NeuroTherm, Inc.
    • St. Jude Medical, Inc.
    • Stryker Corporation

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
    • COVID-19 Impact Analysis
  4. Global Radiofrequency Ablation Devices Market for Pain Management, By Product, 2016 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Reusables
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Probes
        • Electrodes
    • Disposables
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Cannulas
        • Needles
        • RF- Single Use Probe
        • RF- Single Use Electrodes
  5. Global Radiofrequency Ablation Devices Market for Pain Management, By End User, 2016 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Radiofrequency Ablation Devices Market for Pain Management, By Regions, 2016 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Accuray, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Avanos Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Boston Scientific Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Biosense Webster, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Cosman Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Diros Technology, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Kimberly-Clark Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • NeuroTherm, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • St. Jude Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 32 market data tables and 24 figures on “Radiofrequency Ablation Devices Market for Pain Management – Global forecast to 2027.

Frequently Asked Questions

The global radiofrequency ablation devices market for pain management was valued at US$ 1,226.8 Mn in 2019 and is forecast to reach a value of US$ 5,075.1 Mn by 2027 at a CAGR of 19.4% between 2020 and 2027.
Major factor driving the growth of global radiofrequency ablation devices market for pain management during the forecast period include technological advancement, and increasing use of ablation technique.
Major factors hampering the growth of the radiofrequency ablation devices market for pain management during the forecast period constitutes of high costs, and low awareness of ablation technique.
Equipment held dominant position in the global radiofrequency ablation devices market for pain management in 2019.
North America Radiofrequency Ablation Devices Market for Pain Management is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Accuray, Inc., Avanos Medical, Inc., Boston Scientific Corporation, Biosense Webster, Inc., Cosman Medical, Inc., Diros Technology, Inc., Kimberly-Clark Corporation, NeuroTherm, Inc., St. Jude Medical, Inc., and Stryker Corporation.
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