Radiofrequency Ablation Devices Market

Global Radiofrequency Ablation Devices Market Size (2024 to 2032)

The global radiofrequency ablation devices market is expected to grow to USD 12.68 billion by 2032 from USD 5.07 billion in 2024, growing at a CAGR of 12.14% from 2024 to 2032.

Ablation devices are medical instruments that are minimally invasive (MI) and are used to remove or excise abnormal bodily tissues for therapeutic purposes. Temperature-controlled, fluid-cooled robotic catheter manipulation and laser ablators, tissue contact and spray probes, and balloon ablation devices are some of the most regularly utilized ablation devices. Their operations use radiofrequency (RF), laser, ultrasound, cryoablation, microwave, and hydrothermal technologies. They are used to treat various chronic conditions and remove malignant tumors and kidney stones as an alternative to surgery.

Patients with cardiac diseases, cancer, and pain management can benefit from radiofrequency ablation (RFA). Because of its high efficacy, ease of administration, and safety has become the preferred approach. RFA is rapidly being used to treat various disorders, including cancer and cardiac arrhythmia. Radiofrequency ablation is a medical treatment that involves the creation of heat from a high-frequency alternate current to ablate targeted defective tissues. It works by converting electrical energy to heat energy and then using hyperthermia principles to burn the undesirable or affected tissue, creating a scar that heals over time. RFA devices primarily used to treat chronic pain in the lower back use radiofrequency waves to generate heat on specific nerves around the facet joints on each side of the lumbar spine.

MARKET DRIVERS

Y-O-Y rise in the prevalence of cardiovascular disorders, including atrial fibrillation, the incidence of cancer and pain patients, and the demand for more minor invasive procedures are primarily driving the global radiofrequency ablation devices market growth.

The utilization of ultrasonic ablation technology in RFADs is also helping to boost their appeal. Furthermore, there is attractive growth potential in emerging markets, and undiscovered markets in developing countries and technology advancements in RFA are further estimated to accelerate the growth rate of the global radiofrequency ablation devices market. Other factors promoting the market growth include product developments such as developing next-generation ablation devices with robotic navigation systems. In addition, manufacturers are creating non-thermal, non-tumescent, and non-sclerosant endovenous ablation devices to treat superficial vein reflux effectively. Furthermore, other factors, including expanding consumer healthcare expenditure capacities and significant advancements in the medical industry, particularly in developing economies, are expected to propel the market forward.

The growth of the global radiofrequency ablation devices market is also expected to be boosted by the rising senior population, healthcare expenditures, and life expectancy.

Because seniors are more prone to chronic diseases, there is a greater desire for highly effective treatments, enhancing the RF ablation market. Radiofrequency ablation is a successful treatment for small tumors that can be repeated if new cancer develops. Furthermore, increased public awareness about the availability of successful ablation methods propels the market forward. Patients benefit from minimally invasive ablation procedures because they have less pain, scarring, and discomfort and recover faster. The extensive use of electrophysiology to remove abnormal tissues that cause irregular heart rhythms or cardiac arrhythmia is also helping to drive the industry forward.

MARKET RESTRAINTS

The global radiofrequency ablation devices market is constrained by the high cost of treatment, low awareness of the technique, and the availability of alternative therapies.

In addition, the ablation devices market is expected to be hampered by an unfavorable regulatory environment and concerns with device reuse and reprocessing in developing nations. Furthermore, product recalls we will challenge the global radiofrequency ablation devices market during the forecast period. Furthermore, the global radiofrequency ablation devices market for pain treatment is expected to be hampered by the side effects of radiofrequency ablation for pain management. Discomfort, tissue charring, and swelling are adverse effects of radiofrequency ablation for pain management methods.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Radiofrequency Ablation Devices Market Analysis By Product

The disposable equipment segment accounted for the most significant proportion of the market for radiofrequency ablation devices in 2023. Reduced morbidity and mortality and the equipment's capacity to give therapy in an outpatient setting are attributed to segment growth. Furthermore, the single-use probe connection cables are long enough to stay out of the sterile region, preventing infection. Moreover, it enables temperature-controlled lesion development. This increases the demand for disposable products.

Global Radiofrequency Ablation Devices Market Analysis By Application

The cardiology & cardiac rhythm management segment is estimated to account for a most significant share of the global radiofrequency ablation devices market during the forecast period. The segment growth is driven by growing awareness, rising adoption of minimally invasive operations, and disease proliferation. Therefore, RFA Academy initiated an attempt to raise awareness in Europe and train endoscopists on using RFA in a safe and justified manner to minimize disease burden.

REGIONAL ANALYSIS

Geographically, the Asia-Pacific is predicted to have the most significant CAGR in the global market over the forecast period. The regional market will likely benefit from introducing new technology, such as multi-needle electrodes, that demonstrate precision, mobility, and cost-effectiveness. In addition, rising disposable income, improved healthcare facilities, and rapidly improving economic conditions in China and India contribute to Asia Pacific growth. In the RF ablation devices for pain management market, emerging nations such as India, China, and Brazil offer enormous potential opportunities. The expansion of the economy and the strengthening of insurance plans are two significant drivers. Furthermore, the growing senior population in developing countries will likely present substantial opportunities for RF ablation device manufacturers.

Over the forecast period, North America is expected to maintain its supremacy. The high frequency of cancer, technological advancements, excellent purchasing power, and government support for quality healthcare is significant elements leading to regional growth. In addition, the ablation devices market benefits from increased private and governmental sector funding, advanced technology acceptance, healthcare expenditure, research and development efforts, and increased investments. Furthermore, technical advancements and new product launches in the ablation devices market would provide profitable opportunities throughout the forecast years. Because of its large installed base for such devices, the United States dominates this region's RF ablation devices market. Furthermore, the region's market expansion would be aided by research institutes and private healthcare providers progressively employing RF ablation equipment.

Europe, Latin America and MEA are anticipated to account for a considerable share of the worldwide market during the forecast period.

KEY PLAYERS IN THE GLOBAL RADIOFREQUENCY MEDICAL DEVICES MARKET

Companies profiled in this report that dominate the global radiofrequency ablation devices market are AngioDynamics, Ethicon, ZenoMed, AtriCure, Inc., Baren-Boym, and Huaian Aofu Surgical Instruments Co., Ltd, MedSphere, and Medtronic.

RECENT HAPPENINGS IN THIS MARKET

• Mays & Schnapp Neurospine and Pain, a Memphis pain management clinic, announced their second site on Airways Boulevard and Rasco Road in August 2020.
• In May 2019, Boston Scientific Corporation signed a definitive agreement to buy Vertiflex, Inc., which manufactures minimally invasive pain treatment devices.
• Abbott introduced the IonicRF generator in 2020 as a non-surgical treatment for nervous system pain management. Radiofrequency ablation, which uses heat to target specific nerves and block pain impulses from reaching the brain, is meant for minimally invasive treatment.
• Boston Scientific announced in 2019 that it had purchased Vertiflex, Inc., a company specializing in treating chronic pain sufferers with therapies such as spinal cord stimulation and radiofrequency ablation.
• Medtronic Plc announced the purchase of Epix Therapeutics Inc. in January 2019, a privately held medical device business that makes catheter-based temperature-controlled cardiac ablation devices.
• Hologic Inc. announced the purchase of Acessa Health Inc. in August 2020, which sells the Acessa ProVu system that combines RF ablation with improved intra-abdominal ultrasound viewing and guided mapping.

DETAILED SEGMENTATION OF THE GLOBAL RADIOFREQUENCY MEDICAL DEVICES MARKET INCLUDED IN THIS REPORT

This research report on the global radiofrequency ablation devices market has been segmented and sub-segmented based on product, application, and region.

By Product

• Disposable Equipment
• Capital Equipment
• Reusable Equipment

By Application

• Surgical Oncology
• Cardiology & Cardiac Rhythm Management
• Cosmetology
• Gynecology
• Pain Management

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa