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Sarasota, FL -- (SBWIRE) -- 11/28/2016 -- Global Radiofrequency Ablation (Capital Equipment, Disposable Equipment and Reusable Equipment) Market: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014–2020
The report covers forecast and analysis for the radiofrequency ablation market on a global level. According to the report, global demand for radiofrequency ablation devices market was valued at around USD 361.5 million in 2014 and is expected to reach USD 696.5 million in 2020, growing at a CAGR of around 11.60% between 2015 and 2020. The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes study of opportunities available in the radiofrequency ablation market on a global level.
Global Radiofrequency Ablation Market 2014-2020
Ever increasing incidence of patients infected by cancer and many other diverse diseases are expected to fuel the growth of radiofrequency ablation market. Moreover, adoption of the minimum invasion procedures for the less pain and time saving practice has influence the growth of radiofrequency ablation market. Huge maintenance and operating cost are the restrains for the radiofrequency ablation market. However, acceptance of ablation over conventional methods along with the growing demand from the developing regions is likely to open new avenue for the growth of radiofrequency ablation market.
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In order to give the users of this report a comprehensive view on the radiofrequency ablation market, we have included a detailed competitive scenario, and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's five forces model for the radiofrequency ablation market has also been included, strategic development along with patents analysis is included in this report. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate and general attractiveness.
Based on product the radiofrequency ablation market is segmented into capital equipment, disposable equipment and reusable equipment. Reusable equipment is further classified into RF electrodes and probes. Disposable equipment consists of needles, cannulas, single-use electrodes and single-use probes. With around 42.16% of market share disposable equipment led the market in 2014. Increasing usage of the minimal invasive practices couple with the avoidance of infections are some of the factors to spur the market growth.. Rising demand of needles and cannulas accelerates the demand for disposable equipment market.
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The study provides a decisive view on the radiofrequency ablation devices market by segmenting the market based on types and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Based on type the market is segmented into capital equipment (RF generators), reusable and disposables radiofrequency ablation devices. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa. This segmentation includes demand for radiofrequency ablation devices based on individual applications in all the regions and countries.
The report also includes detailed profiles of end players such as Angiodynamics, Boston Scientific, Covidien, CardioFocus, St Jude Medical and Stryker. The detailed description of players includes parameters such as company overview, financial overview, business and recent developments of the company.
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This report segments the global radiofrequency ablation devices market as follows:
Global Radiofrequency Ablation Devices Market: Type Segment Analysis
- Capital Equipment (RF Generators)
Global Radiofrequency ablation devices Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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