Global Radiofrequency Ablation Devices Market was Valued at US$ 1,226.8 Million in 2019 and is Expected to Reach US$ 5,075.1 Million by 2027, with a CAGR of 19.4% Between 2020 and 2027

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Radiofrequency Ablation Devices
Radiofrequency Ablation Devices

Radiofrequency ablation is a minimally invasive medical treatment that involves the creation of heat from a high-frequency alternate current to ablate targeted defective tissues. It works by converting electrical energy to heat energy and then using hyperthermia principles to burn the unwanted or affected tissue, leaving a scar that heals over time.

Market Drivers

Over the forecast period, the global Radiofrequency Ablation Devices Market for pain management is expected to grow due to the high prevalence of chronic arthritis. According to a May 2019 report from the Centers for Disease Control and Prevention (CDC), an estimated 54.4 million US adults have been diagnosed with arthritis, accounting for roughly 1 in every 4 persons in the country. Furthermore, the global market for radiofrequency ablation devices for pain management is predicted to rise in tandem with the growing geriatric population. According to the United States Census Bureau, the elderly population in the United States is predicted to reach 77 million by 2034. In terms of value, disposables dominated the global market for radiofrequency ablation devices for pain management in 2019, accounting for 44.5 percent of the market, followed by equipment and reusables.

Market Restraints

The Global Radiofrequency Ablation Devices Market for pain management is expected to be hampered by the side effects of radiofrequency ablation for pain management. Discomfort, tissue charring, and swelling are some of the negative effects of radiofrequency ablation for pain management methods. Furthermore, the method is only suitable for a small number of patients, which is projected to hinder the growth of the global market for radiofrequency ablation devices for pain management. Radiofrequency ablation for pain management is not suitable for a large percentage of persons suffering from chronic back pain due to a variety of related diseases that make this technique unsuitable.

Market Opportunities

Players in the global Radiofrequency Ablation Devices Market for pain management are projected to benefit from the increasing demand for minimally invasive procedures. Because it has fewer post-surgery risks and side effects, as well as a quicker patient recovery time and little pain, minimally invasive operations, are preferred by patients. Furthermore, rising diabetes prevalence is likely to boost the global market for radiofrequency ablation devices for pain management.

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