Radiofrequency Ablation Device MarketSize and Trends

The disposables equipment segment accounts for a larger share in radiofrequency ablation device market

The global radiofrequency ablation device market is segmented on the basis of product type, application, end user and geography.

On the basis of product type:

Disposable Equipment
Cannula
Needles
Capital Equipment
Radiofrequency Generators
Reusable Equipment
Probes
Electrodes

On the basis of applications:

Surgical Oncology
Gynecology
Cosmetology
Cardiology & Cardiac Rhythm Management
Hypertension
Others

On the basis of end user:

Hospitals
Specialty Clinics
Ambulatory Surgical Centers

Rising Prevalence of Chronic Pain to have sizeable positive impact on market growth

According to The American Academy of Pain Medicine, in 2012, 1.5 billion people were estimated to suffer from chronic pain globally, with the incidence rate increasing complementary to age. Rising incidence of cancerous tumors, arrhythmia, tachycardia and chronic pain in the global population ensures the global radiofrequency ablation device market to grow steadily. The presence of high procedure volumes ensuring non-surgical procedures and fast recovery of the patients is a key factor attributing to the rising demand of radiofrequency ablation. The radiofrequency ablation market is driven by its feature of specificity that targets only the particular sites within the tissue, causing negligible damage to the surrounding tissues. Additionally, increasing usage in ambulatory surgical centers owing to lesser number of complications post-surgery is expected to boost the growth of global radiofrequency ablation devices in the forecast period.