Radiofrequency Ablation Devices Market For Pain Management, By Product [Equipment, Reusables (Probes, Electrodes), Disposables (Cannulas, Needles, RF-Single Use Probe, RF- Single Use Electrodes)], By Application (Cardiology, Oncology, Gynecology, Pain Management, and Others), By End User (Hospitals, Ambulatory Surgical Centers, and Clinics), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Nov 2023

Code : CMI4252

Pages :176

Formats :

Excel and PDF

Industry : Medical Devices

Radiofrequency Ablation Devices Market For Pain ManagementSize and Trends

The global radiofrequency ablation devices market for pain management for pain management is estimated to be valued at US$ 2,493.4 Million in 2023 and is expected to exhibit a CAGR of 19.4% during the forecast period (2023-2030).

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.