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Global Radiofrequency-Based Devices Market (By Product, Application, End User, Region), Key Company Profiles, Financial Insights, Recent Developments - Forecast to 2030

Publisher iGate Research PVT LTD.
Published Nov 30, 2023
Length 174 Pages
SKU # IGR18352235

Description

Global Radiofrequency-Based Devices Market (By Product, Application, End User, Region), Key Company Profiles, Financial Insights, Recent Developments - Forecast to 2030


The global radiofrequency-based devices market is predicted to reach US$ 10.7 Billion by 2030. Radiofrequency-based devices refer to a category of medical devices that use radiofrequency energy for various therapeutic and diagnostic purposes. These devices are used in a range of medical procedures, including cosmetic treatments, pain management, tumor ablation, and cardiac rhythm management. The growing prevalence of chronic diseases such as cancer, cardiovascular diseases, gynecological disorders, diabetes, and several others is a key factor driving the industry growth. As the global population ages, the incidence of such conditions increases. According to the Centers for Disease Control and Prevention, by 2022, about 60% of American adults had a chronic disease, and 40% had two or more. This is significant, as chronic conditions often demand prolonged, repetitive treatments, where radiofrequency-based devices play a crucial role due to their minimally invasive nature. Furthermore, the market is witnessing the integration of radiofrequency technology with other treatment modalities, such as ultrasound and laser, for enhanced efficacy and efficiency. These advancements have significantly improved the quality of healthcare provided in the healthcare settings.

Recent Developments

In June 2023, Avanos Medical Inc. entered into a definitive agreement to acquire Diros Technology Inc., a leading manufacturer of innovative radiofrequency (RF) products used to treat chronic pain conditions.
In August 2022, Medtronic plc completed the acquisition of Affera, Inc. This acquisition expands the company's cardiac ablation portfolio to include its first-ever cardiac mapping and navigation platform that encompasses a differentiated, fully integrated diagnostic, focal pulsed field and radiofrequency ablation solution.
In February 2022, Boston Scientific Corporation acquired Baylis Medical Company Inc. The acquisition allows Boston Scientific to integrate the Baylis platforms with their existing electrophysiology and structural heart offerings, further expanding their position within the highest growth cardiology markets.

By Product: Global Radiofrequency-Based Devices Market - Key Takeaways


Based on product type, the radiofrequency-based devices market is dominated by the generators segment. The growing use of radiofrequency-based generators in pain management, is expected to drive the market growth over the forecast period.
Radiofrequency probes are commonly used in minimally invasive procedures such as radiofrequency ablation (RFA), which is used to treat various medical conditions. RF probes are also used in neurosurgery, cardiology, pain management, and other medical specialties. RF probes are extensively used in clinics, hospitals, and ambulatory surgery centers (ASCs) due to their diverse applications.
Needles segment is expected to register a rapid growth over the forecast period.
Radiofrequency electrodes have emerged as a pivotal innovation in medical and technological landscapes. RF electrodes utilized in various fields including pain management, cardiology, and aesthetics, harness radiofrequency waves to deliver targeted thermal energy.

By Application: Global Radiofrequency-Based Devices Market - Key Takeaways


On the basis of application, pain management segment accounted for largest revenue share in 2022. Radiofrequency device is a safe and proven means of treating pain signals, such as those coming from facet joints in the spine, genicular nerves in the knee, and femoral and obturator nerves in the hip.
Aesthetics segment accounted for second-largest revenue share in 2022. Increasing expenditure on cosmetic and aesthetic procedures is propelling growth of the market.
The rising incidence of cancer and increasing use of radiofrequency-based devices in the field of oncology is another key factor fueling the market growth.
Cardiology segment is expected to register fastest growth over the forecast period.

By End User: Global Radiofrequency-Based Devices Market - Key Takeaways

Hospitals held majority share of the radiofrequency-based devices market, and is expected to dominate over the forecast timeframe owing to increase in the number of hospital admissions.
Specialty clinics recorded nearly a quarter share of the total radiofrequency-based devices market, driven by the rising adoption of aesthetic or cosmetic procedures in these settings.
Ambulatory surgical centers provide cost-effective services and a convenient environment that is less stressful than what many hospitals can offer.

By Region: Global Radiofrequency-Based Devices Market - Key Takeaways

North America accounted for largest share of the radiofrequency-based device market and is likely to maintain its dominance over the forecast period.
Europe is the second largest region for radiofrequency-based device market.
Asia Pacific is likely to witness fastest growth over the forecast period, owing to presence of large patient pool suffering from chronic pain, the rising prevalence of chronic diseases, and growing demand for aesthetics and cosmetic skin care..
Latin America and Middle East and Africa are competing closely to grab maximum share of the total radiofrequency-based devices market.

iGATE RESEARCH report titled “Global Radiofrequency-Based Devices Market (By Product, Application, End User, Region), Key Company Profiles, Financial Insights, Recent Developments - Forecast to 2030” provides a comprehensive analysis of the Global Radiofrequency-Based Devices Market.

This 174 Page report with 70 Figures and 8 Tables has been analyzed from 9 View Points:

1) Global Radiofrequency-Based Devices Market and Forecast (2016 - 2030)
2) Global Radiofrequency-Based Devices Market Share and Forecast (2016 - 2030)
3) By Product - Global Radiofrequency-Based Devices Market and Forecast (2016 - 2030)
4) By Application - Global Radiofrequency-Based Devices Market and Forecast (2016 - 2030)
5) By End User - Global Radiofrequency-Based Devices Market and Forecast (2016 - 2030)
6) By Region - Global Radiofrequency-Based Devices Market and Forecast (2016 - 2030)
7) Global Radiofrequency-Based Devices Market - Key Company Profiles
8) Global Radiofrequency-Based Devices Market - Recent Developments
9) Global Radiofrequency-Based Devices Market - Growth Drivers & Challenges

By Product - Global Radiofrequency-Based Devices Market and Forecast

Generators
Radiofrequency Probes
Electrodes
Cannulas
Needles
Others

By Application - Global Radiofrequency-Based Devices Market and Forecast

Aesthetics
Pain Management
Oncology
Gynecology
Cardiology
Others

By End User - Global Radiofrequency-Based Devices Market and Forecast

Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Others

By Region - Global Radiofrequency-Based Devices Market and Forecast

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa

Global Radiofrequency-Based Devices Market - Key Company Profiles, Recent Developments, Financial Insights

1. Abbott Laboratories
2. ALMA Lasers (Sisram Medical Ltd)
3. AtriCure, Inc.
4. AngioDynamics, Inc.
5. Avanos Medical, Inc.
6. Boston Scientific Corporation, Inc.
7. Cutera, Inc.
8. CONMED Corporation
9. Medtronic plc
10. Merit Medical Systems, Inc.
11. Stryker Corporation
12. Smith & Nephew plc
13. Venus Concept, Inc.
14. Diros Technology Inc.

Data Source

iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.

Research Methodologies

Primary Research Methodologies:

Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies:

Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

Table of Contents

174 Pages
1. Executive Summary
2. Global - Radiofrequency-Based Devices Market and Forecast (2016 - 2030)
3. Global - Radiofrequency-Based Devices Market Share and Forecast (2016 - 2030)
3.1 By Product - Global Radiofrequency-Based Devices Market Share and Forecast
3.2 By Application - Global Radiofrequency-Based Devices Market Share and Forecast
3.3 By End User - Global Radiofrequency-Based Devices Market Share and Forecast
3.4 By Region - Radiofrequency-Based Devices Market Share and Forecast
4. By Product - Global Radiofrequency-Based Devices Market and Forecast (2016 - 2030)
4.1 Global Radiofrequency-Based Product - Generators Market and Forecast
4.2 Global Radiofrequency-Based Product - Radiofrequency Probes Market and Forecast
4.3 Global Radiofrequency-Based Product - Electrodes Market and Forecast
4.4 Global Radiofrequency-Based Product - Cannulas Market and Forecast
4.5 Global Radiofrequency-Based Product - Needles Market and Forecast
4.6 Global Radiofrequency-Based Product - Others Market and Forecast
5. By Application - Global Radiofrequency-Based Devices Market and Forecast (2016 - 2030)
5.1 Global Radiofrequency-Based Application - Aesthetics Market and Forecast
5.2 Global Radiofrequency-Based Application - Pain Management Market and Forecast
5.3 Global Radiofrequency-Based Application - Oncology Market and Forecast
5.4 Global Radiofrequency-Based Application - Gynecology Market and Forecast
5.5 Global Radiofrequency-Based Application - Cardiology Market and Forecast
5.6 Global Radiofrequency-Based Application - Others Market and Forecast
6. By End User - Global Radiofrequency-Based Devices Market and Forecast (2016 - 2030)
6.1 Global Radiofrequency-Based Devices - Hospitals Market and Forecast
6.2 Global Radiofrequency-Based Devices - Ambulatory Surgical Centers Market and Forecast
6.3 Global Radiofrequency-Based Devices - Specialty Clinics Market and Forecast
6.4 Global Radiofrequency-Based Devices - Others Market and Forecast
7. By Region - Global Radiofrequency-Based Devices Market and Forecast (2016 - 2030)
7.1 North America - Radiofrequency-Based Devices Market and Forecast
7.2 Europe - Radiofrequency-Based Devices Market and Forecast
7.3 Asia Pacific - Radiofrequency-Based Devices Market and Forecast
7.4 Latin America - Radiofrequency-Based Devices Market and Forecast
7.5 Middle East and Africa - Radiofrequency-Based Devices Market and Forecast
8. Key Company Profiles
8.1 Abbott Laboratories
8.1.1 Business Overview
8.1.2 Revenue and Forecast
8.1.3 Recent Developments
8.2 ALMA Lasers (Sisram Medical Ltd)
8.2.1 Business Overview
8.2.2 Revenue and Forecast
8.2.3 Recent Developments
8.3 AtriCure, Inc.
8.3.1 Business Overview
8.3.2 Revenue and Forecast
8.3.3 Recent Developments
8.4 AngioDynamics, Inc.
8.4.1 Business Overview
8.4.2 Revenue and Forecast
8.4.3 Recent Developments
8.5 Avanos Medical, Inc.
8.5.1 Business Overview
8.5.2 Revenue and Forecast
8.5.3 Recent Developments
8.6 Boston Scientific Corporation, Inc.
8.6.1 Business Overview
8.6.2 Revenue and Forecast
8.6.3 Recent Developments
8.7 Cutera, Inc.
8.7.1 Business Overview
8.7.2 Revenue and Forecast
8.7.3 Recent Developments
8.8 CONMED Corporation
8.8.1 Business Overview
8.8.2 Revenue and Forecast
8.8.3 Recent Developments
8.9 Medtronic plc
8.9.1 Business Overview
8.9.2 Revenue and Forecast
8.9.3 Recent Developments
8.10 Merit Medical Systems, Inc.
8.10.1 Business Overview
8.10.2 Revenue and Forecast
8.10.3 Recent Developments
8.11 Stryker Corporation
8.11.1 Business Overview
8.11.2 Revenue and Forecast
8.11.3 Recent Developments
8.12 Smith & Nephew plc
8.12.1 Business Overview
8.12.2 Revenue and Forecast
8.12.3 Recent Developments
8.13 Venus Concept, Inc.
8.13.1 Business Overview
8.13.2 Revenue and Forecast
8.13.3 Recent Developments
8.14 Diros Technology Inc.
8.14.1 Business Overview8.14.2 Recent Developments
9. Global Radiofrequency-Based Devices Market - Recent Developments
9.1 2023
9.2 2022
9.3 2021
9.4 2020
9.5 2019
10. Global Radiofrequency-Based Devices Market - Growth Drivers
10.1 Increasing Prevalence of Chronic Diseases and Rising Demand for Minimal Invasive Procedures
10.2 Technological Advancements and Personalization
10.3 Increasing Awareness of the Aesthetic Treatment Drives Radiofrequency-Based Devices Market Growth
11. Global Radiofrequency-Based Devices Market - Challenges
11.1 High Costs and Training Challenges
11.2 Lack of Reimbursement Policies for Aesthetic Treatments
List of Figures:
Figure 2-1: Global - Radiofrequency-Based Devices Market (Million US$), 2016 - 2022
Figure 2-2: Global - Forecast for Radiofrequency-Based Devices Market (Million US$), 2023 - 2030
Figure 4-1: Global Radiofrequency-Based Product - Generators Market (Million US$), 2016 - 2022
Figure 4-2: Global Radiofrequency-Based Product - Forecast for Generators Market (Million US$), 2023 - 2030
Figure 4-3: Global Radiofrequency-Based Product - Radiofrequency Probes Market (Million US$), 2016 - 2022
Figure 4-4: Global Radiofrequency-Based Product - Forecast for Radiofrequency Probes Market (Million US$), 2023 - 2030
Figure 4-5: Global Radiofrequency-Based Product - Electrodes Market (Million US$), 2016 - 2022
Figure 4-6: Global Radiofrequency-Based Product - Forecast for Electrodes Market (Million US$), 2023 - 2030
Figure 4-7: Global Radiofrequency-Based Product - Cannulas Market (Million US$), 2016 - 2022
Figure 4-8: Global Radiofrequency-Based Product - Forecast for Cannulas Market (Million US$), 2023 - 2030
Figure 4-9: Global Radiofrequency-Based Product - Needles Market (Million US$), 2016 - 2022
Figure 4-10: Global Radiofrequency-Based Product - Forecast for Needles Market (Million US$), 2023 - 2030
Figure 4-11: Global Radiofrequency-Based Product - Others Market (Million US$), 2016 - 2022
Figure 4-12: Global Radiofrequency-Based Product - Forecast for Others Market (Million US$), 2023 - 2030
Figure 5-1: Global Radiofrequency-Based Application - Aesthetics Market (Million US$), 2016 - 2022
Figure 5-2: Global Radiofrequency-Based Application - Forecast for Aesthetics Market (Million US$), 2023 - 2030
Figure 5-3: Global Radiofrequency-Based Application - Pain Management Market (Million US$), 2016 - 2022
Figure 5-4: Global Radiofrequency-Based Application - Forecast for Pain Management Market (Million US$), 2023 - 2030
Figure 5-5: Global Radiofrequency-Based Application - Oncology Market (Million US$), 2016 - 2022
Figure 5-6: Global Radiofrequency-Based Application - Forecast for Oncology Market (Million US$), 2023 - 2030
Figure 5-7: Global Radiofrequency-Based Application - Gynecology Market (Million US$), 2016 - 2022
Figure 5-8: Global Radiofrequency-Based Application - Forecast for Gynecology Market (Million US$), 2023 - 2030
Figure 5-9: Global Radiofrequency-Based Application - Cardiology Market (Million US$), 2016 - 2022
Figure 5-10: Global Radiofrequency-Based Application - Forecast for Cardiology Market (Million US$), 2023 - 2030
Figure 5-11: Global Radiofrequency-Based Application - Others Market (Million US$), 2016 - 2022
Figure 5-12: Global Radiofrequency-Based Application - Forecast for Others Market (Million US$), 2023 - 2030
Figure 6-1: Global Radiofrequency-Based Devices - Hospitals Market (Million US$), 2016 - 2022
Figure 6-2: Global Radiofrequency-Based Devices - Forecast for Hospitals Market (Million US$), 2023 - 2030
Figure 6-3: Global Radiofrequency-Based Devices - Ambulatory Surgical Centers Market (Million US$), 2016 - 2022
Figure 6-4: Global Radiofrequency-Based Devices - Forecast for Ambulatory Surgical Centers Market (Million US$), 2023 - 2030
Figure 6-5: Global Radiofrequency-Based Devices - Specialty Clinics Market (Million US$), 2016 - 2022
Figure 6-6: Global Radiofrequency-Based Devices - Forecast for Specialty Clinics Market (Million US$), 2023 - 2030
Figure 6-7: Global Radiofrequency-Based Devices - Others Market (Million US$), 2016 - 2022
Figure 6-8: Global Radiofrequency-Based Devices - Forecast for Others Market (Million US$), 2023 - 2030
Figure 7-1: North America - Radiofrequency-Based Devices Market (Million US$), 2016 - 2022
Figure 7-2: North America - Forecast for Radiofrequency-Based Devices Market (Million US$), 2023 - 2030
Figure 7-3: Europe - Radiofrequency-Based Devices Market (Million US$), 2016 - 2022
Figure 7-4: Europe - Forecast for Radiofrequency-Based Devices Market (Million US$), 2023 - 2030
Figure 7-5: Asia Pacific - Radiofrequency-Based Devices Market (Million US$), 2016 - 2022
Figure 7-6: Asia Pacific - Forecast for Radiofrequency-Based Devices Market (Million US$), 2023 - 2030
Figure 7-7: Latin America - Radiofrequency-Based Devices Market (Million US$), 2016 - 2022
Figure 7-8: Latin America - Forecast for Radiofrequency-Based Devices Market (Million US$), 2023 - 2030
Figure 7-9: Middle East and Africa - Radiofrequency-Based Devices Market (Million US$), 2016 - 2022
Figure 7-10: Middle East and Africa - Forecast for Radiofrequency-Based Devices Market (Million US$), 2023 - 2030
Figure 8-1: Abbott Laboratories - Global Revenue (Million US$), 2016 - 2022
Figure 8-2: Abbott Laboratories - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-3: Sisram Medical Ltd - Global Revenue (Million US$), 2016 - 2022
Figure 8-4: Sisram Medical Ltd - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-5: AtriCure, Inc. - Global Revenue (Million US$), 2016 - 2022
Figure 8-6: AtriCure, Inc. - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-7: AngioDynamics, Inc. - Global Revenue (Million US$), 2016 - 2022
Figure 8-8: AngioDynamics, Inc. - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-9: Avanos Medical, Inc. - Global Revenue (Million US$), 2018 - 2022
Figure 8-10: Avanos Medical, Inc. - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-11: Boston Scientific Corporation, Inc. - Global Revenue (Million US$), 2016 - 2022
Figure 8-12: Boston Scientific Corporation, Inc. - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-13: Cutera, Inc. - Global Revenue (Million US$), 2016 - 2022
Figure 8-14: Cutera, Inc. - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-15: CONMED Corporation - Global Revenue (Million US$), 2016 - 2022
Figure 8-16: CONMED Corporation - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-17: Medtronic plc - Global Revenue (Million US$), 2016 - 2022
Figure 8-18: Medtronic plc - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-19: Merit Medical Systems, Inc. - Global Revenue (Million US$), 2016 - 2022
Figure 8-20: Merit Medical Systems, Inc. - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-21: Stryker Corporation - Global Revenue (Million US$), 2016 - 2022
Figure 8-22: Stryker Corporation - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-23: Smith & Nephew plc - Global Revenue (Million US$), 2016 - 2022
Figure 8-24: Smith & Nephew plc - Forecast for Global Revenue (Million US$), 2023 - 2030
Figure 8-25: Venus Concept, Inc. - Global Revenue (Million US$), 2018 - 2022
Figure 8-26: Venus Concept, Inc. - Forecast for Global Revenue (Million US$), 2023 - 2030
List of Tables:
Table 3-1: By Product - Global Radiofrequency-Based Devices Market Share (Percent), 2016 - 2022
Table 3-2: By Product - Forecast for Global Radiofrequency-Based Devices Market Share (Percent), 2023 - 2030
Table 3-3: By Application - Global Radiofrequency-Based Devices Market Share (Percent), 2016 - 2022
Table 3-4: By Application - Forecast for Global Radiofrequency-Based Devices Market Share (Percent), 2023 - 2030
Table 3-5: By End User - Global Radiofrequency-Based Devices Market Share (Percent), 2016 - 2022
Table 3-6: By End User - Forecast for Global Radiofrequency-Based Devices Market Share (Percent), 2023 - 2030
Table 3-7: By Region - Radiofrequency-Based Devices Market Share (Percent), 2016 - 2022
Table 3-8: By Region - Forecast for Radiofrequency-Based Devices Market Share (Percent), 2023 - 2030

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