The Global Radiofrequency-based Devices Market is projected to grow at a CAGR of around 13.98% during the forecast period, 2022-27.                                                                        

Global Radiofrequency-Based Devices System Market Dynamics:

Key Driver: Upsurge in the Number of Chronic Diseases Would Drive the Market Growth

Being one of the primary factors leading to the growth in healthcare costs, the increasing number of patients with chronic pain is a strong driver for the growth of the radiofrequency-based devices market. In recent years, the prevalence of chronic pain has been increasing irrespective of age. As per the National Institute of Health’s National Center for Complementary and Integrative Health (NCCIH), around 50 million American adults suffered from chronic pain in 2016. Hence, this increases the demand for efficient and cost-effective pain management devices & radiofrequency ablation (RFA) devices.

RFA is widely used to treat lower back pain, neck pain, osteoarthritis, rheumatoid arthritis, etc. The prevalence of these medical conditions has been increasing rapidly, contributing to the growth of RFA in the pain management segment. Hence, driving the growth of the Radiofrequency-based Devices market.  

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

 

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Global Radiofrequency-Based Devices System Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2021

-Historical Period: 2017 to 2020

-Forecast Period: 2022-27

  • By Product Type
    • RF Generator/System
    • Electrodes
    • Applicators
    • Probes
    • Cannulas
    • Needles
    • Others
  • By Application
    • Pain Management
    • Aesthetics
    • Oncology
    • Cardiology
    • Others (ENT, Gynaecology, Urology, General Surgery)
  • By End User
    • Hospitals
    • Ambulatory Surgery Centers (ASCs) and Speciality Clinics
    • Others (Rehabilitation Centers, Nursing Homes, and Research and Academic Instituitions)
  • By Region
    • North America
    • South America
    • Europe
    • Middle East & Africa
    • Asia-Pacific

 

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Abbott Laboratories, AngioDynamics, Inc., Sisram Medical Ltd, AtriCure, Inc., Avanos Medical, Inc., Boston Scientific Corporation, Conmed Corporation, Cutera, Inc., Medtronic, Plc, Merit Medical Systems, Inc., Smith & Nephew, Stryker Corporation, Venus Concept, Inc., Bramsys Indústriae Comércio Ltd, BVM Medical Limited, Diros Technology Inc., and others.

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