Global Radiofrequency Ablation Devices Market 2018-2022
About Radiofrequency Ablation Devices
RF ablation procedures ablate the electrical conduction system of the heart, tumors, and other dysfunctional tissues using heat generated from medium-frequency alternating current. Such procedures are conducted in outpatient setting using either local anaesthetics or conscious sedation anaesthesia.
Technavio’s analysts forecast the Global Radiofrequency Ablation Devices Market to grow at a CAGR of 8.74% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Radiofrequency Ablation Devices Market. To calculate the market size, the report considers the revenue generated from the sales of RF ablation systems, RF ablation catheters, and RF ablation consumables.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Radiofrequency Ablation Devices Market2018-2022
Technavio recognizes the following companies as the key players in the Global Radiofrequency Ablation Devices Market: Abbott, AngioDynamics, Boston Scientific, Johnson & Johnson, Medtronic, Stryker
Commenting on the report, an analyst from Technavio’s team said: “One of the factors gaining traction in this market is the increasing mergers and acquisitions among several stakeholders of the industry. Major vendors are acquiring small vendors for offering advanced products”
According to the report, one of the key factors influencing this market positively is the increasing prevalence of chronic diseases, particularly, among the geriatric population. The sedentary lifestyle and changing eating habits of people are making them prone to chronic diseases such as cancer, stroke, arthritis and other diseases, in turn, driving the growth of the market in the long run.
Further, the report states that one factor hindering the growth of this market is the several product recalls owing to several issues including system malfunction or other technical glitches. Further, owing to certain flaws in the products, the regulatory organizations often recall the products, in turn, restricting the growth of the market.
Johnson & Johnson