Market Research Reports

Radiofrequency Ablation Devices Market for Pain Management - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018

83pages
Published Date: 2013-03-18

Description


Emerging nations in regions such as Asia, Eastern Europe, and Latin America have been witnessing remarkable growth in the healthcare industry and this factor works as a major growth prospect for the global radiofrequency ablation devices market for pain management. 

The research report offers invaluable insights into the global radiofrequency ablation devices market, highlighting the various factors governing its growth over the forecast period. With the help of market research tools such as SWOT analysis, market attractiveness analysis, and value chain analysis, the study on the radiofrequency ablation devices market presents an exhaustive overview of the global scenario. The research report also uses Porter’s Five Forces analysis to provide an in-depth and razor-sharp evaluation of the global market for radiofrequency ablation devices, offering vital information on bargaining power of buyers and suppliers, threat of new entrants as well as substitutes, and competitive rivalry.

Overview of the global radiofrequency ablation devices market for pain management

The radiofrequency ablation devices market for pain management was estimated to be worth US$296.6 million in 2011 and, registering a 19.4% CAGR during the forecast period of 2012 to 2018, is projected to be worth US$1,027.6 million by 2018.

Geographically, the radiofrequency ablation devices market is divided into North America, Europe, Asia-Pacific, and Rest of the World. By product, the global radiofrequency ablation devices market is segmented into reusables, capital equipment, and disposables. In terms of applications, the radiofrequency ablation devices market is categorized into cosmetology, pain management, hypertension, cardiology and cardiac rhythm management, gynecology, and surgical oncology.

Product-wise, disposables formed the largest segment of the radiofrequency ablation devices market for pain management in 2011 and is anticipated to be the most rapidly-growing segment from 2012 to 2018, followed by capital equipment and reusables. In terms of region, North America led the global radiofrequency ablation devices market in 2011. The Asia-Pacific region, on the other hand, is projected to expand at the fastest compound annual growth rate of 20.6% during the forecast period. 

The radiofrequency ablation devices market for pain management is primarily driven by the surging demand for minimally invasive procedures. Moreover, with the growth in global geriatric population, there has been an increase in the prevalence of chronic arthritis, thereby fueling the radiofrequency ablation devices market. Technological advancements have also played a major role in boosting the global market. With the growth of the healthcare industry in emerging economies in Latin America, Asia, and Eastern Europe, the radiofrequency ablation devices markets in these regions are expected to receive a boost as well. 

On the flip side, implementation of the Affordable Health Care for America Act, 2010, side effects of radiofrequency ablation devices for pain management, and restricted patient base compatible for the procedure are some of the factors that are expected to hinder the radiofrequency ablation devices market.

Companies mentioned in the research report

The global radiofrequency ablation devices market for pain management is led by a handful of key players: Cosman Medical, Inc., Diros Technology, Inc., Kimberly-Clark Corporation, Neurotherm, Inc., Stryker Corporation, Biosense Webster, Inc., St. Jude Medical, Inc., and Accuray, Inc. Among these, Kimberly-Clark Corporation dominated the worldwide market for radiofrequency ablation devices in 2011, with Nuero Therm as the second-largest company in the same year.

Major geographies analyzed under this research report are: 
  • EMEA
  • North America 
  • Asia-Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

Table of Contents



Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview : Radiofrequency Ablation Devices For Pain Management
3.1 Introduction
3.2 Other Ablation Technologies
      3.2.1 Radiation Ablation
      3.2.2 Electrosurgical Ablation
      3.2.3 Ultrasound Ablation
      3.2.4 Cryoablation
      3.2.5 Laser Ablation
3.3 Market Dynamics
      3.3.1 Drivers
              3.3.1.1 Rising Prevalence Of Chronic Arthritis And Rapidly Aging World Population
              3.3.1.2 Rising Demand For Minimally Invasive Procedures
              3.3.1.3 Technological Advancements
      3.3.2 Impact Analysis Of Drivers
      3.3.3 Restraints
              3.3.3.1 Side Effects Of RF Ablation For Pain Management
              3.3.3.2 Highly Selective Group Of Patients Compatible For Procedure
              3.3.3.3 Implementation Of The Affordable Healthcare For America Act, 2010
      3.3.4 Impact Analysis Of Restraints
      3.3.5 Opportunities
              3.3.5.1 Emerging Economies In Asia, Latin America And Eastern European Countries
3.4 Porter’s Five Forces Analysis
      3.4.1 Bargaining Power Of Suppliers (Medium – Low)
      3.4.2 Bargaining Power Of Buyers
      3.4.3 Threat Of New Entrants
      3.4.4 Threat Of Substitutes
      3.4.5 Competitive Rivalry
3.5 Market Attractiveness Analysis

Chapter 4 Radiofrequency Ablation Market, By Applications
4.1 Comparative Analysis: Global Radiofrequency Ablation Market, By Applications, 2011 & 2018 (Value %)
4.2 Global RF Ablation Market, 2010 – 2018 (USD Million)
4.3 RF Ablation Market For Surgical Oncology, 2010 – 2018 (USD Million)
4.4 RF Ablation Market For Cardiology And Cardiac Rhythm Management, 2010 – 2018 (USD Million)
4.5 RF Ablation Market For Pain Management, 2010 – 2018 (USD Million)
4.6 RF Ablation Market For Gynecology, 2010 – 2018 (USD Million)
4.7 RF Ablation Market For Hypertension, 2010 – 2018 (USD Million)
4.8 RF Ablation Market For Cosmetology, 2010 – 2018 (USD Million)

Chapter 5 Radiofrequency Ablation Devices Market For Pain Management, By Product Types
5.1 Comparative Analysis: RF Ablation Devices Market For Pain Management, 2011 & 2018 (Value %)
5.2 Capital Equipment Market, 2010 – 2018 (USD Million)
      5.2.1 RF Generators
5.3 Reusables Market, 2010 – 2018 (USD Million)
      5.3.1 RF Probes
      5.3.2 RF Electrodes
5.4 Disposables Market, 2010 – 2018 (USD Million)
      5.4.1 RF Cannulae
      5.4.2 RF Needles
      5.4.3 RF Single-Use Probes
      5.4.4 RF Single-Use Electrodes

Chapter 6 Radiofrequency Ablation Devices Market For Pain Management, By Geography
6.1 Overview
6.2 Pricing Analysis
      6.2.1 ASP Trend : RF Ablation Generators (USD)
      6.2.2 ASP Trend : RF Ablation Electrodes (USD)
      6.2.3 ASP Trend : RF Ablation Probes (USD)
      6.2.4 ASP Trend : RF Ablation Cannulae (USD)
      6.2.5 ASP Trend : RF Ablation Needles (USD)
6.3 North America
      6.3.1 United States
              6.3.1.1 United States RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)
      6.3.2 Canada
               6.3.2.1 Canada RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)
6.4 Europe
      6.4.1 Europe RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)
6.5 Asia-Pacific
      6.5.1 Asia-Pacific RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)
6.6 Rest Of The World
      6.6.1 Row RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)

Chapter 7 Competitive Landscape
7.1 Market Share Analysis: RF Ablation Devices Market For Pain Management, 2011 (%)
7.2 Key Strategies Adopted By Market Players

Chapter 8 Company Profiles
8.1 Accuray, Inc.
      8.1.1 Company Overview
      8.1.2 Financial Overview
      8.1.3 Product Portfolio
      8.1.4 Strategic Development
               8.1.4.1 Mergers And Acquisitions
               8.1.4.2 New Product Launch
               8.1.4.3 Approvals
      8.1.5 Recent Developments
8.2 Biosense Webster, Inc.
      8.2.1 Company Overview
      8.2.2 Product Portfolio
      8.2.3 Strategic Overview
              8.2.3.1 Approvals
              8.2.3.2 Alliances
      8.2.4 Recent Developments
8.3 Cosman Medical, Inc.
      8.3.1 Company Overview
      8.3.2 Product Portfolio
      8.3.3 Strategic Overview
               8.3.3.1 New Product Launch
               8.3.3.2 Approvals
      8.3.4 Recent Developments
8.1 Diros Technology, Inc.
      8.1.1 Company Overview
      8.1.2 Product Portfolio
      8.1.3 Recent Developments
8.2 Kimberly-Clark Corporation
      8.2.1 Company Overview
      8.2.2 Financial Overview
      8.2.3 Product Portfolio
      8.2.4 Strategic Overview
              8.2.4.1 New Product Launch
              8.2.4.2 Others
      8.2.5 Recent Developments
8.3 Neurotherm, Inc.
      8.3.1 Company Overview
      8.3.2 Product Portfolio
      8.3.3 Strategic Overview
              8.3.3.1 Mergers And Acquisitions
      8.3.4 Recent Developments
8.4 St. Jude Medical, Inc.
      8.4.1 Company Overview
      8.4.2 Financial Overview
      8.4.3 Product Portfolio
      8.4.4 Strategic Overview
              8.4.4.1 New Product Launch
              8.4.4.2 Approvals
      8.4.5 Recent Developments
8.5 Stryker Corporation
      8.5.1 Company Overview
      8.5.2 Financial Overview
      8.5.3 Product Portfolio
      8.5.4 Strategic Overview
              8.5.4.1 Mergers And Acquisitions
      8.5.5 Recent Developments

LIST OF FIGURES

Fig. 1 Radiofrequency Ablation Market Segmentation
Fig. 2 Global RF Ablation Devices Market For Pain Management, By Product Types, 2011 (USD Million)
Fig. 3 Healthcare Related Consumer Expenditure In Brazil, India And China, 2008 To 2010 (USD  Million)
Fig. 4 Porter’s Five Forces Analysis : Global RF Ablation Devices Market For Pain Management
Fig. 5 Market Attractiveness Analysis : Global RF Ablation Devices Market For Pain Management, By Geography
Fig. 6 Comparative Analysis: Global Radiofrequency Ablation Market, By Applications, 2011 & 2018 (Value %)
Fig. 7 Global RF Ablation Market, 2010 – 2018 (USD Million)
Fig. 8 Global RF Ablation Market For Surgical Oncology, 2010 – 2018 (USD Million)
Fig. 9 Global RF Ablation Market For Cardiology And Cardiac Rhythm Management, 2010 – 2018 (USD Million)
Fig. 10 Global RF Ablation Market For Pain Management, 2010 – 2018 (USD Million)
Fig. 11 Global RF Ablation Market For Gynecology, 2010 – 2018 (USD Million)
Fig. 12 Global RF Ablation Market For Hypertension, 2010 – 2018 (USD Million)
Fig. 13 Global RF Ablation Market For Cosmetology, 2010 – 2018 (USD Million)
Fig. 14 Comparative Analysis: RF Ablation Devices Market For Pain Management, 2011 & 2018 (Value %)
Fig. 15 Global RF Generators (Capital Equipment) Market, 2010 – 2018 (USD Million)
Fig. 16 Global RF Probes Market, 2010 – 2018 (USD Million)
Fig. 17 Global RF Electrodes Market, 2010 – 2018 (USD Million)
Fig. 18 Global RF Cannulae Market, 2010 – 2018 (USD Million)
Fig. 19 Global RF Needles Market, 2010 – 2018 (USD Million)
Fig. 20 Global RF Single-Use Probes Market, 2010 – 2018 (USD Million)
Fig. 21 Global RF Single-Use Electrodes Market, 2010 – 2018 (USD Million)
Fig. 22 Global RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)
Fig. 23 ASP Trend : RF Ablation Generators For Pain Management, By Geography, 2012 – 2018 (USD)
Fig. 24 ASP Trend : RF Ablation Electrodes For Pain Management, By Geography, 2012 – 2018 (USD)
Fig. 25 ASP Trend : RF Ablation Probes For Pain Management, By Geography, 2012 – 2018 (USD)
Fig. 26 ASP Trend : RF Ablation Cannulae For Pain Management, By Geography, 2012 – 2018 (USD)
Fig. 27 ASP Trend : RF Ablation Needles For Pain Management, By Geography, 2012 – 2018 (USD)
Fig. 28 North America RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)
Fig. 29 United States RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)
Fig. 30 Canada RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)
Fig. 31 Europe RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)
Fig. 32 Asia-Pacific RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)
Fig. 33 Asia-Pacific RF Ablation Devices Market For Pain Management, By Product Type, 2010 – 2018 (USD Million)
Fig. 34 Market Share Analysis: RF Ablation Devices Market For Pain Management, 2011 (%)
Fig. 35 Accuray, Inc.: Annual Revenues, 2009 – 2011 (USD Million)
Fig. 36 Kimberly-Clark Corporation: Annual Revenues, 2009 – 2011 (USD Million)
Fig. 37 St. Jude Medical, Inc.: Annual Revenues, 2009 – 2011 (USD Million)
Fig. 38 Stryker Corporation: Annual Revenues,2009 - 2011 (USD Million)

LIST OF TABLES

Table 1 Market Snapshot: RF Ablation Devices Market For Pain Management
Table 2 Impact Analysis Of Drivers
Table 3 Impact Analysis Of Restraints
Table 4 Global Incidence Of Cancer, By Type, 2008 And 2015 (Millions)
Table 5 Global Reusables Market, 2010-2018 (USD Million)
Table 6 Global Disposables Market, 2010 - 2018 (USD Million)
Table 7 Global Rf Ablation Devices Market For Pain Management, By Geography, 2010-2018 (USD Million)

Free Market Analysis


Radiofrequency ablation is used for a variety of minimally invasive procedures in oncology, cardiology, pain management, gynecology, hypertension and cosmetology. RF ablation technology functions by converting electrical energy to heat energy and then utilizing the concepts of hyperthermia to burn the unwanted or affected tissue, leaving behind a scar which eventually heals in time. Ablation of tissue or nerves in pain management happens due to two different types of output of energy, namely short duration continuous RF ablation and pulsed RF ablation (PRF). Continuous RF ablation has a greater chance of resulting in permanent damage of nerves and thus requires extremely precise placement of electrodes. PRF ablation applies intermittent pulsed doses and hence is much safer as compared with continuous ablation. PRF is still not well known in the medical community, but several research projects continue to determine its efficacy in pain management. 

Radiofrequency ablation in pain management is emerging to be an excellent option for patients to get relief from chronic pain. Over 80% of the pain management application is for chronic back pain and spine, followed by trigeminal neuralgia and sacroiliac joint pain. It is still investigational for other areas such as knees and other arthritic bone joints. Still, certain clinics such as Novocur provide RF-ablation therapies for pain management of the knees. The device consists of a RF generator to which up to four electrodes may be attached depending on the type of generator. Other accessories such as probes, cannulae and needles are used in the minimally invasive procedure. Major drivers for this procedure and devices are the steady, rising acceptance of minimally invasive procedures, aging population in North America and Asia, and refractory chronic pain which leaves patient with very few options. 

The key players in the segment are Kimberly-Clark which acquired Baylis to enter this market segment few years ago, NeuroTherm and Cosman Medical which are two completely focused companies in this segment along with several diverse market players such as Stryker. Kimberly-Clark leads the market with over 65% share followed by NeuroTherm and Cosman Medical. The North American region is expected to be the largest market for this procedure followed by Europe. Alternative therapies such as acupressure, acupuncture, chiropractic, and others show much stronger presence in Asia-Pacific and are expected to pose a significant constraint to this technology. Yet with growing acceptance in the medical community, radiofrequency ablation is expected to be a sizable opportunity in coming years.

radiofrequency-ablation-devices-market-in-pain-management-2009-2018

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