RADIOFREQUENCY ABLATION DEVICES MARKET FOR PAIN MANAGEMENT ANALYSIS

Market Challenges And Opportunities

Global Radiofrequency Ablation Devices Market For Pain Management - Drivers

• Increasing prevalence of cancer: Increasing prevalence of cancer is expected to propel the growth of the global radiofrequency ablation devices market for pain management for pain management over the forecast period. For instance, in February 2022, according to data provided by World Health Organization, cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, or nearly one in six deaths. The most common cancers are breast, lung, colon and rectum, and prostate cancers. Breast cancer (2.26 million cases) was the most common disease in 2020 (based on new cases). Lung cancer (2.21 million cases). Colon and rectum (1.93 million cases). Prostate (1.41 million cases).
• Increasing geriatric population: Increasing geriatric population is expected to drive the global radiofrequency ablation devices market for pain management for pain management growth over the forecast period. For instance, in October 2022, according to data provided by World Health Organization, in 2020, the number of people aged 60 years and older outnumbered children younger than 5 years. Between 2015 and 2050, the proportion of the world\'s population over 60 years will nearly double from 12% to 22%. The share of the population aged 60 years and over will increase from 1 million in 2020 to 1.4 million. By 2050, the world\'s population of people aged 60 years and older will double (2.1 million). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million.

Side effects associated with radiofrequency ablation devices

• Side effects associated with radiofrequency ablation devices
• High costs