1. Market Research
  2. > Healthcare
  3. > General Medicine and Specialty Medicine Market Trends
North America Radiofrequency Ablation Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Application, and Geography

North America Radiofrequency Ablation Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Application, and Geography

  • May 2020
  • 120 pages
  • ID: 5894574
  • Format: PDF
  • The Insight Partners
Up to $1000 off Until Apr 10th 2021

Summary

Table of Contents

Search Inside

North America Radiofrequency Ablation Devices Market Forecast to 2027 - Covid-19 Impact and Regional Analysis by Product and Applications.
The North American the radiofrequency ablation devices market is anticipated to reach US$ 3,214.24 Mn in 2027 from US$ 1,347.06 Mn in 2019; it is projected to grow at a CAGR of 11.8% during 2020-2027. The growth of the market in North America is driven by factors such as the increasing incidence of chronic illness and growing preference for minimally invasive procedures in the region. However, side-effects associated with radiofrequency ablation restrain the market growth to a certain extent. Additionally, advancements in research and development activities with growing healthcare expenditures and the continuous radiofrequency ablation product launches and approvals are likely to drive the growth of the radiofrequency ablation devices market during the forecast period.
The radiofrequency ablation devices transmit the energy of radiofrequency waves and destroy the target tissue.This technology has been widely in use to treat solid tumors, arrhythmias, uterine fibroids, and other medical conditions.

The increasing prevalence of chronic pain conditions such as arthritis and combined with osteoporosis may drive market development.As per the US Department of Health & Human Services, 15 million adults suffered extreme joint pain from arthritis in 2015, and an additional 78 million (26%) of the US people aged ?18 are predicted to be diagnosed with arthritis by 2040.

Chronic pain lasts for a long period, and it is resilient to most medical treatments as well as leads to serious physiological and mental problems that affect the quality of life. According to the study of the Community Chiropractic Center, over 31.0% of the Americans suffer from back pain, and it is expected that such large presence of target patients would fuel the demand for radiofrequency ablation devices in this region in the coming years. In 2019, ~1,762,450 people were diagnosed with new cases of cancer in the US and 606,880 people died from the disease, according to the American Cancer Society, Inc.
Radiofrequency ablation is a minimally invasive technique that uses heat and electrical energy to destroy cancer cells and other dysfunctional tissues.In recent years, it has been in use to treat a wide range of medical conditions stressing to chronic pain.

The technique is also used for treating patients suffering from the cancer of adrenal glands, breast, bone, kidney, liver, lung, pancreatic, and thyroid gland.In addition to oncology, the radiofrequency ablation technology is also being used in the treatment of cardiac patients, when medicines or other treatments fail to cure these conditions.

It is used to treat cardiac arrhythmia where it destroys a small area of the heart tissue that is causing irregular heartbeats to restore regular heartbeats.Further, the technology has gained a lot of attention in pain management, dermatology; it is also being widely used in gynecology to treat uterine fibroids.

Such a wide use of the radiofrequency ablation technology in the therapeutics applications is driving the growth of the radiofrequency ablation devices market.
North America is witnessing the rapidly growing number of COVID-19 cases; for instance, in the US, the number of cases has been increased to 614,246, with 26,064 deaths reported. According to the Breastcancer.org, in the country, many doctors, hospitals, and other healthcare facilities are delaying or canceling the breast cancer procedures and surgeries, as well as screenings or other treatments if they are not considered urgent, emergencies, or otherwise indicated for life-threatening conditions. This is likely to bring down the demand for radiofrequency ablation devices in the coming months.
In 2019, the disposables segment accounted for a larger share of the radiofrequency ablation devices market, based on product, in North America.Disposables are used in every radiofrequency ablation surgery.

These disposables help in transmitting the electric current to the target tissue and hence are a crucial component of the radiofrequency ablation procedure. Moreover, the market players are developing innovative products to reduce errors and carry out the procedure efficiently.
The surgical oncology segment held the largest share of the North American ablation devices market, based on application, in 2019. However, the cardiology segment is estimated to register the highest CAGR of 12.5% in the market during the forecast period. The RFA technology has been widely used in the surgical oncology; the procedure involves using heat and electrical current to destroy cancer cells. The technology is also used to treat Barrett’s esophagus, which is the precancerous condition of the esophagus. Thus, wide application of RFA in surgical oncology and increasing number of cancer patients is contributing a significant market share to the radiofrequency ablation devices market, and the trend expected to continue during the forecast period.
A few of the significant secondary sources referred to while preparing this report on the North American radiofrequency ablation devices market include the World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), US Department of Health & Human Services, and American Cancer Society.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

$3000

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Oncology Information System Market by Software, Application, Enduser - Global Forecast to 2025

  • $ 4950
  • February 2021
  • 259 pages

The oncology information systems market is projected to reach USD 9.5 billion by 2025 from USD 6.7 billion in 2020, at a CAGR of 7.4% during the forecast period. Growth of the market is mainly attributed ...

  • World
  • United States
  • Healthcare
  • Patient Data Management
  • Industry analysis
  • Medical Technology Density
  • Health Expenditure

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on