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Radiofrequency Ablation Devices for Pain Management Market

Radiofrequency Ablation Devices for Pain Management Market (Product - RF Generators, Reusable Products (Probes and Electrodes), and Disposable Products (Cannulas and Needles); End-user - Specialty Clinics, Ambulatory Surgical Centers, and Hospitals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

  • According to Transparency Market Research’s latest report on the global radiofrequency ablation devices for pain management market for the historical period 2017–2018 and forecast period 2019–2027.
  • The global market is driven by increase in prevalence of chronic pain, and rise in demand for minimally invasive procedures. Moreover, growth of the market can be attributed to favorable reimbursements for radiofrequency ablation(RF) therapy to treat pain.
  • According to the report, the market was valued at US$ 543.2 Mn in 2018 and is anticipated to expand at a CAGR of 11.1% from 2019 to 2027
Radiofrequency Ablation Devices for Pain Management Market

Increase in prevalence of chronic pain and Rise in adoption of RF ablation for pain management among prescribers and end-users: Key Drivers

  • Chronic pain persists for a long period. It is resistant to most medical treatments and cause severe physiological and mental problems affecting the quality of life.
  •  According to Boston University School of Public Health data, globally, it is estimated that about one in five, or about 1.5 billion people, suffer from chronic pain (CP), with prevalence increasing with age.
  • According to the U.S. Census Bureau, around 89 million people would be aged over 65 years in the U.S. by 2050. Furthermore, around 40% people in Japan would be aged over 65 years by 2060. This rapid increase in the geriatric population is likely to fuel the growth of the radiofrequency ablation devices for pain management market during the forecast period.

  Emerging markets offer immense opportunities

  • Emerging nations such as India, China, and Brazil offer immense growth opportunities in the RF ablation devices for pain management market. Major factors attributed are growing economy and strengthening insurance policies. Additionally, increasing geriatric population in developing nations is expected to offer large opportunities for companies operating in the RF ablation devices market.
  • According to World Health Organization estimates, around eight in 10 elderly people live in less developed regions. This will drive demand for pain management devices in these regions.

Competitive Landscape

  • This report profiles major players in the global market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The market is highly fragmented, with the presence of a number of international as well as regional players
  • Leading players operating in the global radiofrequency ablation devices for pain management market include
    • Boston Scientific Corporation
    • Diros Technology, Inc.
    • Halyard Health, Inc.
    • Abbott
    • Stryker Corporation
    • Olympus Corporation
    • Merit Medical Systems
    • Medtronic plc
    • AngioDynamic, Inc.

Key Developments

Key players in the global radiofrequency ablation devices for pain management market are engaged in regulatory approvals, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the market. A few expansion strategies adopted by players operating in the global market are:

  • In April 2017, Avanos Medical Inc. received the U.S. Food and Drug Administration (FDA) for its brand COOLIEF, Cooled Radiofrequency (Cooled RF) thermal treatment for the relief of chronic moderate to severe knee pain caused by osteoarthritis (OA). The first and only RF treatment to be cleared specifically to relieve OA knee pain.

The report on the global radiofrequency ablation devices for pain management industry discussed individual strategies, followed by company profiles of manufacturers of ablation devices. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global market.

Frequently Asked Questions

What is the anticipated CAGR of the market in the forecast period?

The market is anticipated to expand at a CAGR of 11.1% from 2019 to 2027

What are the key driving factors for the growth of the market?

The market is driven by increase in prevalence of chronic pain, and rise in demand for minimally invasive procedures

Which region is expected to project the highest market share in the market?

North America accounted for a major share of the global radiofrequency ablation devices for pain management market

Who are the key players in the market?

Key players in the global market include Boston Scientific Corporation, Diros Technology, Inc., Halyard Health, Inc., Abbott, Stryker Corporation

Chapter 1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

Chapter 2. Assumptions and Research Methodology

Chapter 3. Executive Summary: Global Radiofrequency Ablation Devices for Pain Management Market 

Chapter 4. Market Overview

    4.1. Introduction

        4.1.1. Product Overview

        4.1.2. Industry Evolution / Developments

    4.2. Market Dynamics 

        4.2.1. Drivers

        4.2.2. Restraints

        4.2.3. Opportunities

    4.3. Global Radiofrequency Ablation Devices for Pain Management Market- Capital Equipment Volume Forecast, By Region 

    4.4. Global Radiofrequency Ablation Devices for Pain Management Market Outlook 

    4.5. Global Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast,  2017–2027 

Chapter 5. Market Overview

    5.1. Global Radiofrequency Ablation Devices for Pain Management Market- Capital Equipment Volume Forecast, By Region 

    5.2. Porter’s Five Force Analysis

    5.3. Value Chain Analysis

    5.4. Product Price Analysis

Chapter 6. Global Radiofrequency Ablation Devices for Pain Management Market Analysis and Forecasts, By Product Type 

    6.1. Key Findings / Developments

    6.2. Introduction & Definition

    6.3. Market Value Forecast By Product, 2017–2027

        6.3.1. RF Generators

        6.3.2. Reusable Products

            6.3.2.1. Probes 

            6.3.2.2. Electrodes

        6.3.3. Disposable Products

            6.3.3.1. Cannulas

            6.3.3.2. Needles

            6.3.3.3. Single-use Probes and Electrodes

    6.4. Market Attractiveness By Product

Chapter 7. Global Radiofrequency Ablation Devices for Pain Management Market Analysis and Forecasts, By End-user

    7.1. Key Findings / Developments

    7.2. Introduction & Definition

    7.3. Market Value Forecast By End-user, 2017–2027

        7.3.1. Specialty Clinics

        7.3.2. Ambulatory Surgical Centers

        7.3.3. Hospitals

            7.3.3.1. 500+ Beds

            7.3.3.2. 250-499 Beds

            7.3.3.3. Less than 250 Beds

    7.4. Market Attractiveness By End-user

Chapter 8. Global Radiofrequency Ablation Devices for Pain Management Market Analysis and Forecasts, By Geography/Region 

    8.1. Geographical Representation

    8.2. Market Value Forecast By Region

        8.2.1. North America 

        8.2.2. Europe 

        8.2.3. Asia Pacific 

        8.2.4. Latin America 

        8.2.5. Middle East & Africa 

    8.3. Market Attractiveness By Region

    8.4. Key Trends

Chapter 9. North America Radiofrequency Ablation Devices for Pain Management Market Analysis and Forecast 

    9.1. Market Value Forecast By Country, 2017–2027

        9.1.1. U.S.

        9.1.2. Canada

    9.2. Market Value Forecast By Product, 2017–2027

    9.3. Market Value Forecast By End-user, 2017–2027

    9.4. Market Attractiveness Analysis

        9.4.1. By Country

        9.4.2. By Product

        9.4.3. By End-user

Chapter 10. Europe Radiofrequency Ablation Devices for Pain Management Market Analysis and Forecast 

    10.1. Market Value Forecast By Country , 2017–2027

        10.1.1. Germany

        10.1.2. France

        10.1.3. U.K.

        10.1.4. Spain

        10.1.5. Italy

        10.1.6. Rest of Europe

    10.2. Market Value Forecast By Product, 2017–2027

    10.3. Market Value Forecast By End-user, 2017–2027

    10.4. Market Attractiveness Analysis

        10.4.1. By Country

        10.4.2. By Product

        10.4.3. By End-user

Chapter 11. Asia Pacific Radiofrequency Ablation Devices for Pain Management Market Analysis and Forecast 

    11.1. Market Value Forecast By Country , 2017–2027

        11.1.1. China

        11.1.2. Japan

        11.1.3. India

        11.1.4. Australia & New Zealand

        11.1.5. Rest of APAC

    11.2. Market Value Forecast By Product, 2017–2027

    11.3. Market Value Forecast By End-user, 2017–2027

    11.4. Market Attractiveness Analysis

        11.4.1. By Country

        11.4.2. By Product

        11.4.3. By End-user

Chapter 12. Latin America Radiofrequency Ablation Devices for Pain Management Market Analysis and Forecast 

    12.1. Market Value Forecast By Country, 2017–2027

        12.1.1. Brazil

        12.1.2. Mexico

        12.1.3. Rest of LATAM

    12.2. Market Value Forecast By Product, 2017–2027

    12.3. Market Value Forecast By End-user, 2017–2027

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Product

        12.4.3. By End-user

Chapter 13. Middle East & Africa Radiofrequency Ablation Devices for Pain Management Market Analysis and Forecast 

    13.1. Market Value Forecast By Country , 2017–2027

        13.1.1. GCC Countries

        13.1.2. South Africa

        13.1.3. Israel

        13.1.4. Rest of MEA

    13.2. Market Value Forecast By Product, 2017–2027

    13.3. Market Value Forecast By End-user, 2017–2027

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Product

        13.4.3. By End-user

Chapter 14. Competition Landscape

    14.1. Competition Matrix

        14.1.1. Boston Scientific Corporation

        14.1.2. Abbottt

    14.2. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy)

        14.2.1. Boston Scientific Corporation

            14.2.1.1. Company Details

            14.2.1.2. Company Description

            14.2.1.3. Business Overview

            14.2.1.4. SWOT Analysis

            14.2.1.5. Financial Analysis

            14.2.1.6. Strategic Overview

        14.2.2. Diros Technology, Inc.

            14.2.2.1. Company Details

            14.2.2.2. Company Description

            14.2.2.3. Business Overview

            14.2.2.4. SWOT Analysis

            14.2.2.5. Strategic Overview

        14.2.3. Halyard Health, Inc. (Avanos Medical, Inc.)

            14.2.3.1. Company Details

            14.2.3.2. Company Description

            14.2.3.3. Business Overview

            14.2.3.4. SWOT Analysis

            14.2.3.5. Strategic Overview

        14.2.4. Abbott

            14.2.4.1. Company Details

            14.2.4.2. Company Description

            14.2.4.3. Business Overview

            14.2.4.4. SWOT Analysis

            14.2.4.5. Strategic Overview

        14.2.5. Stryker Corporation

            14.2.5.1. Company Details

            14.2.5.2. Company Description

            14.2.5.3. Business Overview

            14.2.5.4. SWOT Analysis

            14.2.5.5. Financial Analysis

            14.2.5.6. Strategic Overview

        14.2.6. Olympus Corporation

            14.2.6.1. Company Details

            14.2.6.2. Company Description

            14.2.6.3. Business Overview

            14.2.6.4. SWOT Analysis

            14.2.6.5. Financial Analysis

            14.2.6.6. Strategic Overview

        14.2.7. Merit Medical Systems

            14.2.7.1. Company Details

            14.2.7.2. Company Description

            14.2.7.3. Business Overview

            14.2.7.4. SWOT Analysis

            14.2.7.5. Financial Analysis

            14.2.7.6. Strategic Overview

        14.2.8. Medtronic plc

            14.2.8.1. Company Details

            14.2.8.2. Company Description

            14.2.8.3. Business Overview

            14.2.8.4. SWOT Analysis

            14.2.8.5. Financial Analysis

            14.2.8.6. Strategic Overview

        14.2.9. AngioDynamics, Inc.

            14.2.9.1. Company Details

            14.2.9.2. Company Description

            14.2.9.3. Business Overview

            14.2.9.4. SWOT Analysis

            14.2.9.5. Strategic Overview

List of Tables

Table 01: Global Radiofrequency Ablation Devices for Pain Management- RF Generator (Capital Equipment) Volume (Units) Forecast, By Region, 2017–2027 

Table 02: Global Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Product Type, 2017–2027 

Table 03: Global Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Reusable Product Type, 2017–2027 

Table 04: Global Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast,

Table 05: Global Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast,  by End-user, 2017–2027 

Table 06: Global Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by End Users-Hospitals, 2017–2027 

Table 07: Global Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast,  by Region, 2017–2027 

Table 08: North America Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast by Country, 2017–2027 

Table 09: North America Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast,  by Product Type, 2017–2027 

Table 10: North America Radiofrequency Ablation Devices for Pain Management Reusable Market Size (US$ Mn) Forecast, by Reusable Product Type, 2017–2027 

Table 11: North America Radiofrequency Ablation Devices for Pain Management Disposable Market Size (US$ Mn) Forecast, by Disposable Product Type, 2017–2027 

Table 12: North America Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast,

Table 13: North America Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast,

Table 14: Europe Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Country, 2017–2027 

Table 15: Europe Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Product Type, 2017–2027 

Table 16: Europe Radiofrequency Ablation Devices for Pain Management Reusable Market Size (US$ Mn) Forecast, by Reusable Product Type, 2017–2027 

Table 17: Europe Radiofrequency Ablation Devices for Pain Management Disposable Market Size (US$ Mn) Forecast, by Disposable Product Type, 2017–2027 

Table 18: Europe Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by End-user, 2017–2027 

Table 19: Europe Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by End-user-Hospitals, 2017–2027 

Table 20: Asia Pacific Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Country, 2017–2027 

Table 21: Asia Pacific Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Product Type, 2017–2027 

Table 22: Asia Pacific Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Product Type, 2017–2027 

Table 23: Asia Pacific Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Product Type, 2017–2027 

Table 24: Asia Pacific Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by End-user, 2017–2027 

Table 25: Asia Pacific Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by End-user-Hospitals, 2017–2027 

Table 26: Latin America Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Country, 2017–2027 

Table 27: Latin America Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Product Type, 2017–2027 

Table 28: Latin America Radiofrequency Ablation Devices for Pain Management Reusable Market Size (US$ Mn) Forecast, by Reusable Product Type, 2017–2027 

Table 29: Latin America Radiofrequency Ablation Devices for Pain Management Disposable Market Size (US$ Mn) Forecast, by Disposable Product Type, 2017–2027 

Table 30: Latin America Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by End-user, 2017–2027 

Table 31: Latin America Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by End-user, 2017–2027 

Table 32: Middle East & Africa Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Country, 2017–2027 

Table 33: Middle East & Africa Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Product Type, 2017–2027 

Table 34: Middle East & Africa Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Reusable Product Type, 2017–2027 

Table 35: Middle East & Africa Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by Disposable Product Type, 2017–2027 

Table 36: Middle East & Africa Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by End-users, 2017–2027 

Table 37: Middle East & Africa Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, by End-user, 2017–2027 

List of Figure

Figure 01: Global Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, 2017–2027 

Figure 02: Global Radiofrequency Ablation Devices for Pain Management Market Value Share Analysis, by Product Type, 2018 and 2027 

Figure 03: Global Radiofrequency Ablation Devices for Pain Management- RF Generators Market Revenue (US$ Mn), 2017–2027 

Figure 04: Global Radiofrequency Ablation Devices for Pain Management - Reusable Products Market Revenue (US$ Mn), 2017–2027 

Figure 05: Global Radiofrequency Ablation Devices for Pain Management - Disposable Products Market Revenue (US$ Mn), 2017–2027 

Figure 06: Global Radiofrequency Ablation Devices for Pain Management - Probes Market Revenue (US$ Mn), 2017–2027 

Figure 07: Global Radiofrequency Ablation Devices for Pain Management - Electrodes Market Revenue (US$ Mn), 2017–2027 

Figure 08: Global Radiofrequency Ablation Devices for Pain Management - Cannulas Market Revenue (US$ Mn), 2017–2027 

Figure 09: Global Radiofrequency Ablation Devices for Pain Management - Needles Market Revenue (US$ Mn), 2017–2027 

Figure 10: Global Radiofrequency Ablation Devices for Pain Management Market - Single-use Probes and Electrodes Revenue (US$ Mn), 2017–2027 

Figure 11: Global Radiofrequency Ablation Devices for Pain Management Market Attractiveness Analysis, by Product Type, 2017–2027 

Figure 12: Global Radiofrequency Ablation Devices for Pain Management Market Value Share Analysis, by End-user, 2018 and 2027 

Figure 13: Global Hospitals Market Revenue (US$ Mn), 2017–2027 

Figure 14: Global ASCs Market Revenue (US$ Mn), 2017–2027 

Figure 15: Global Clinics Market Revenue (US$ Mn), 2017–2027 

Figure 16: Global Hospitals with 500+ Beds Market

Figure 17: Global Hospitals with 250-499 Beds

Figure 18: Global Hospitals with less than 250 Beds Market Revenue (US$ Mn, 2017–2027 

Figure 19: Global Radiofrequency Ablation Devices for Pain Management Market Attractiveness Analysis, by End-user, 2019–2027

Figure 20: Global Radiofrequency Ablation Devices for Pain Management Market Value Share Analysis, by Region, 2018 and 2027 

Figure 21: Global Radiofrequency Ablation Devices for Pain Management Market Attractiveness Analysis, by Region, 2017–2027 

Figure 22: North America Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, 2017–2027 

Figure 23: North America Market Attractiveness Analysis,

Figure 24: North America Market Value Share Analysis, by Country, 2018 and 2027 

Figure 25: North America Market Value Share Analysis, by Product Type, 2018 and 2027 

Figure 26: North America Market Value Share Analysis, by End-user, 2018 and 2027 

Figure 27: North America Market Attractiveness Analysis, by Product Type, 2019–2027

Figure 28: North America Market Attractiveness Analysis, by End-user, 2019–2027

Figure 29: Europe Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, 2017–2027 

Figure 30: Europe Market Attractiveness Analysis, by Country, 2019-2027

Figure 31: Europe Market Value Share Analysis, by Country,

Figure 32: Europe Market Value Share Analysis, by Product Type, 2018 and 2027 

Figure 33: Europe Market Value Share Analysis, by End-user, 2018 and 2027 

Figure 34: Europe Market Attractiveness Analysis, by Product Type, 2019–2027

Figure 35: Europe Market Attractiveness Analysis, by End-user, 2019–2027

Figure 36: Asia Pacific Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, 2017–2027 

Figure 37: Asia Pacific Market Attractiveness Analysis, by Country 2019-2027

Figure 38: Asia Pacific Market Value Share Analysis, by Country, 2018 and 2027 

Figure 39: Asia Pacific Market Value Share Analysis, by Product Type, 2018 and 2027 

Figure 40: Asia Pacific Market Value Share Analysis, by End-user, 2018 and 2027 

Figure 41: Asia Pacific Market Attractiveness Analysis, by Product Type, 2019–2027

Figure 42: Asia Pacific Market Attractiveness Analysis, by End-user, 2019–2027

Figure 43: Latin America Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, 2017–2027 

Figure 44: Latin America Market Attractiveness Analysis,

Figure 45: Latin America Market Value Share Analysis, by Country, 2018 and 2027 

Figure 46: Latin America Market Value Share Analysis, by Product Type, 2018 and 2027 

Figure 47: Latin America Market Value Share Analysis, by End-user, 2018 and 2027 

Figure 48: Latin America Market Attractiveness Analysis, by Product Type, 2019–2027

Figure 49: Latin America Market Attractiveness Analysis, by End-user, 2019–2027

Figure 50: Middle East & Africa Radiofrequency Ablation Devices for Pain Management Market Size (US$ Mn) Forecast, 2017–2027 

Figure 51: Middle East & Africa Market Attractiveness Analysis, by Country, 2019–2027

Figure 52: Middle East & Africa Market Value Share Analysis,

Figure 53: Middle East & Africa Market Value Share Analysis, by Product Type, 2018 and 2027 

Figure 54: Middle East & Africa Market Value Share Analysis, by End-users, 2018 and 2027 

Figure 55: Middle East & Africa Market Attractiveness Analysis, by Product Type, 2019–2027

Figure 56: Middle East & Africa Market Attractiveness Analysis, by End-user, 2019–2027

Figure 57: Global Radiofrequency Ablation Devices for Pain Management Market Share Analysis, By Company, 2018

Figure 58: Boston Scientific Corporation Breakdown of Net Sales, by Geography 2018

Figure 59: Boston Scientific Corporation Revenue (US$ Mn) & Y-o-Y Growth (%), 2016–2018

Figure 60: Halyard Health, Inc. Breakdown of Net Sales, by Region, 2018

Figure 61: Halyard Health, Inc. Revenue (US$ Bn) & Y-o-Y Growth (%), 2016–2018

Figure 62: St. Jude Medical, Inc. Breakdown of Net Sales, by Region, 2018

Figure 63: St. Jude Medical, Inc. Revenue (US$ Bn) & Y-o-Y Growth (%), 2016–2018

Figure 64: Stryker Corporation Breakdown of Net Sales, by Region 2018

Figure 65: Stryker Corporation Revenue (US$ Mn) & Y-o-Y Growth (%), 2016–2018

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Radiofrequency Ablation Devices for Pain Management Market

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