• 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 20192027. The global radiofrequency ablation devices for pain management 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 global radiofrequency ablation devices for pain management 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
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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.

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  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.

Global Radiofrequency Ablation Devices For Pain Management Market: Competitive Landscape

  • This report profiles major players in the global radiofrequency ablation devices for pain management market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global radiofrequency ablation devices for pain management 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. 

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Global Radiofrequency Ablation Devices for Pain Management Market: 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 global radiofrequency ablation devices for pain management market. A few expansion strategies adopted by players operating in the global radiofrequency ablation devices for pain management 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 market 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 radiofrequency ablation devices for pain management market.

TMR’s report on the global radiofrequency ablation devices for pain management market studies past as well as current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global radiofrequency ablation devices for pain management market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global radiofrequency ablation devices for pain management market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global radiofrequency ablation devices for pain management market.

Secondary research also included internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global radiofrequency ablation devices for pain management market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global radiofrequency ablation devices for pain management market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global radiofrequency ablation devices for pain management market.

The report delves into the competitive landscape of the global radiofrequency ablation devices for pain management market. Key players operating in the global radiofrequency ablation devices for pain management market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global radiofrequency ablation devices for pain management market that have been profiled in this report.

Key Questions Answered in Global Radiofrequency Ablation Devices for Pain Management Market Report

  • What is the scope of growth of product companies in the global radiofrequency ablation devices for pain management market?
  • What will be the Y-o-Y growth of the global radiofrequency ablation devices for pain management market between 2019 and 2027?
  • What is the influence of changing trends in treatment procedures on the global radiofrequency ablation devices for pain management market?
  • Will North America continue to be the most profitable market for radiofrequency ablation devices for pain management providers?
  • Which factors are anticipated to hamper the growth of the global radiofrequency ablation devices for pain management market during the forecast period?
  • Which are the leading companies in the global radiofrequency ablation devices for pain management market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global radiofrequency ablation devices for pain management market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary research sources referred to by analysts during the production of the global radiofrequency ablation devices for pain management market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, and market intelligence managers, who contributed to the production of TMR’s study on the radiofrequency ablation devices for pain management market as primary research sources.

These primary and secondary research sources have provided exclusive information during interviews, which serves as a validation from the radiofrequency ablation devices for pain management market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global radiofrequency ablation devices for pain management market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global radiofrequency ablation devices for pain management market more reliably and accurately.

Regional Segmentation of Radiofrequency Ablation Devices for Pain Management Market

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Global Radiofrequency Ablation Devices for Pain Management Market - Segmentation

Product

RF Generators

Reusable Products

  • Probes
  • Electrodes

Disposable Products

  • Cannulas
  • Needles
  • Single-use probes and electrodes

End-user

Specialty Clinics

Ambulatory Surgical Centers

Hospitals

  • 500+ Beds
  • 250-499 Beds
  • Less than 250 Beds

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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