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Published Date: 2015-11-20Number of Pages: 65

Radiofrequency Ablation Devices for Pain Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Global Radiofrequency Ablation Devices for Pain Management Market: Snapshot 

The increasing life expectancy across all regions has resulted in a high population of the elderly. They form the key group demanding medical devices that are as painless and minimally invasive as possible. This is the top driver for the radiofrequency ablation devices market for pain management at the moment. Further scope of growth can be realized by the players through advancements in technologies, such as the development in cooled RF technologies that can be used for a wide array of pain management categories.

The producers of radiofrequency ablation devices for pain management, however, have to be compliant to an increasingly stringent list of regulations linked to product approvals, clinical trials, product design, and product development. This is restricting the overall growth of the market to a noticeable extent.

The immediate future of the radiofrequency ablation devices for pain management could lie in all the emerging economies, where the increase in healthcare expenditure is allowing for a better scope of implementing minimally invasive devices and ablation devices.

The resultant impact on the global radiofrequency ablation devices market for pain management is witnessed in an optimistic CAGR of 12.9% from 2015 to 2023. This market is expected to reach US$1,087.9 mn by the end of 2023.

North America Leads Demand for Pain Management Devices

RF ablation devices for pain management offer a key advancement in healthcare, especially in regions that hold a particularly higher percentage of geriatric people. At the same time, multiple factors need to be considered while obtaining the overall feasibility of these devices in an economy. These include the demand, rate of adoption, the quality of current healthcare infrastructure, and the affordability of these devices with or without the option of reimbursement policies.

As a result, North America, with its advanced healthcare industry, key reimbursement policies, and a high target population, provides the best ground for growth of radiofrequency ablation devices market manufacturers. Similar conditions are present in Europe. On the other hand, Asia Pacific, Latin America, and the Middle East and Africa are lagging behind in RF ablation device implementation due to their high costs.

Pain Management Grows in Importance Among Ablation Devices Categories

The overall revenue generated by radiofrequency ablation devices market as a whole in 2016 is expected to be US$2.7 bn. Close to US$500 mn from this is dedicated to the radiofrequency ablation devices for pain management. This revenue generated is expected to increase in the coming years owing to a high demand from all regions.

From all the types of radiofrequency ablation devices market for pain management, disposable devices are being preferred the most. The reason for this is the added safety of using fresh devices and the reduction in the need for sterilization. The commonly used disposable devices include needles and cannulae. Additionally, the connector cables provided with these devices are long enough to remain away from the sterile field, thereby reducing the chances of infection. Most radiofrequency ablation devices market for pain management also come with TC temperature sensors and long fluid injection lines that make it possible to create a temperature controlled environment for lesion generation procedures.

The key providers of radiofrequency ablation devices include Halyard Health, Medtronic, AngioDynamics, St. Jude Medical, Boston Scientific, Stryker Corporation, and Cosman Medical.


1. Preface
     1.1. Report Description
     1.2. Market Segmentation
     1.3. Research Methodology

2. Executive Summary
     2.1. Global RF Ablation Devices for Pain Management Market Share, by Product, 2014 & 2023 (Value %)
     2.2. Global RF Ablation Devices for Pain Management Market Share, by Geography, 2014 & 2023 (Value %)
     2.3. Radiofrequency Ablation Devices for Pain Management: Market Snapshot 

3. Industry Analysis
     3.1. Introduction
     3.2. Market Dynamics
            3.2.1. Drivers
                     3.2.1.1. Driver 1: Increase in prevalence of pain among elderly people
                     3.2.1.2. Driver 2: Technological advancement in products is fueling market growth
            3.2.2. Restraints
                     3.2.2.1. Restraint 1: Regulatory hurdles delay market approval of new products
            3.2.3. Opportunities
                     3.2.3.1. Opportunity 1: Emerging markets offer immense opportunities
     3.3. Radiofrequency Ablation Devices for Pain Management: Porter’s Five Forces Analysis
     3.4. Market Attractiveness Analysis - RF Ablation Devices for Pain Management Market, by Geography, 2014
     3.5. Competitive Landscape
            3.5.1. Global RF Ablation Devices for Pain Management Market Share, by Key Players, 2014 (%)
     3.6. Value Chain Analysis
     3.7. Pricing Analysis

4. Market Segmentation – By Products
     4.1. Introduction
            4.1.1. Global Radiofrequency Ablation Devices Market, by Application, 2013–2023, (US$ Mn)
            4.1.2. Global RF Ablation Devices for Pain Management Market, by Product, 2013–2023, (US$ Mn)
     4.2. Capital Equipment (RF Generators)
            4.2.1. Global Capital Equipment (RF Generators) Market Revenue, 2015–2023 (US$ Mn)
     4.3. Reusables
            4.3.1. Global RF Ablation Reusables Market Revenue, by Type, 2015–2023 (US$ Mn)
     4.4. Disposables
            4.4.1. Global Disposables Market Revenue, by Type, 2015–2023 (US$ Mn)

5. Market Segmentation – By Geography
     5.1. Introduction
            5.1.1. Global Radiofrequency Ablation Devices for Pain Management Market, by Geography, 2013–2023, (US$ Mn)
     5.2. North America
            5.2.1. North America Radiofrequency Ablation Devices for Pain Management Market, by Country, 2013–2023, (US$ Mn)
     5.3. Europe
            5.3.1. Europe Radiofrequency Ablation Devices for Pain Management Market, by Country, 2013–2023, (US$ Mn)
     5.4. Asia Pacific
            5.4.1. Asia Pacific Radiofrequency Ablation Devices for Pain Management Market, by Country, 2013–2023, (US$ Mn)
     5.5. Latin America
            5.5.1. Latin America Radiofrequency Ablation Devices for Pain Management Market, by Country, 2013–2023, (US$ Mn)
     5.6. Rest of the World
            5.6.1. Rest of the World Radiofrequency Ablation Devices for Pain Management Market, by Country, 2013–2023, (US$ Mn)

6. Recommendations
     6.1. Expansion in Emerging Economies such as Asia Pacific and Africa
     6.2. Enhancing Distribution Networks

7. Company Profiles
     7.1. Boston Scientific Corporation
     7.2. Cosman Medical, Inc.
     7.3. Diros Technology, Inc.
     7.4. Halyard Health, Inc.
     7.5. Medtronic (Covidien)
     7.6. NeuroTherm, Inc. (St. Jude Medical, Inc.)
     7.7. Stryker Corporation

This report on the radiofrequency ablation (RF) devices for pain management market studies the current and future prospects of the market across the globe. Radiofrequency ablation devices in pain management are majorly used to reduce chronic low-back and neck pain caused due to degenerative joint diseases such as arthritis and other spinal conditions. It is a minimally invasive surgical procedure which involves heating of a small area of nervous tissue leading to blockage of pain signals. This ultimately helps in relieving the patient from chronic pain. The rising prevalence of pain among elderly population, and technological advancements in products are some of the factors driving the radiofrequency ablation devices for pain management market. The market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments and sub-segments of the market. It also provides information and data analysis of the radiofrequency ablation devices for pain management market with respect to market segments based on the product type and their geographic analysis.

Based on the product type, the radiofrequency ablation devices for pain management market has been segmented into: capital equipment (RF Generators), Reusables (Probes, Electrodes), and Disposables (Cannula, Needles, Single-use Probes, and Single-use Electrodes). Each of the market segments have been extensively analyzed based on the market related factors such as increasing rate of accidents leading to traumatic injury, aging population, technological advancement, and growing number of disabilities in various geographies. Moreover, historical year-on-year growth have been taken into consideration while estimating the market size. The market size and forecast in terms of USD million for each segment has been provided for the period from 2013 to 2023. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2015 to 2023, considering 2014 as the base year.

Geographically, radiofrequency ablation devices for pain management market has been segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and Rest of the World. The market size and forecast for each of these regions has been provided for the period from 2013 to 2023, along with their respective CAGRs for the forecast period from 2015 to 2023, considering 2014 as the base year. The report also provides with market size and forecast for major countries in the respective regions. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, Porter’s five forces analysis, value chain analysis, pricing analysis and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global radiofrequency ablation devices for pain management market.

A list of recommendations has been provided for new entrants as well as existing market players to assist them in taking strategic initiatives to establish a strong presence in the market. The report also profiles major players in the market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include Boston Scientific Corporation, Cosman Medical, Inc., Diros Technology, Inc., Halyard Health, Inc., Medtronic (Covidien), NeuroTherm, Inc. (St. Jude Medical, Inc.), and Stryker Corporation.

The global radiofrequency ablation devices for pain management market is segmented into the following categories:

  • Radiofrequency Ablation Devices for Pain Management Market, by Product
    • Capital Equipment (RF Generators)
    • Reusables
      • Probes
      • Electrodes
    • Disposables
      • Cannula
      • Needles
      • Single-use Probes
      • Single-use Electrodes
  • Radiofrequency Ablation Devices for Pain Management Market, by Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia
      • Singapore
      • South Korea
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Rest of the World