LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global radiofrequency ablation market is projected to grow to USD 5,632.7 million by 2021, at a CAGR of nearly 9% over the forecast period.
This research report titled ‘Global Radiofrequency Ablation Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
| Radiofrequency ablation is used to treat medical conditions such as cancer tumors with the help of various imaging techniques by using minimally invasive (MI) procedures. The emergence of technologically advanced modern electrosurgical units for radiofrequency ablation is expected to boost the market growth over the forecast period. |
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Based on application, the report categorizes the global radiofrequency ablation market into the following segments:
- Oncology
- Cardiovascular
- Cosmetology
- Gynecology
- Pain management
The top three revenue-generating application segments in the global radiofrequency ablation market are discussed below:
Oncology
“Oncology occupies a majority 44% of the global radiofrequency ablation market. Since radiofrequency ablation is highly preferred for the treatment of liver, breast, prostate, and gynecological cancers, it is expected to retain its market dominance,” says Barath Palada, a lead analyst at Technavio for cardiovascular devices research.
Catheter ablation of tumors is an image-guided, MI treatment modality used to completely or partially kill the tumor cells. In this process, a specially equipped needle (probe) is inserted near the site of the tumor guided by CT imaging, radiofrequency energy is transmitted through the probe to kill the cancer cells and reduce the size of the tumor.
Cardiovascular
The cardiovascular segment is the second-largest segment of the radiofrequency ablation market. Cardiology and cardiac rhythm management use MI catheters that are threaded into the heart to target the affected area with radiofrequency energy (high frequency, low voltage) to treat the condition permanently. Cardiac ablation uses heat to eliminate the damaged tissue by direct contact or isolates them from the rest of the cardiac atrium, so that normal working tissues are not affected. Cardiac ablation procedures help remove the triggers of atrial fibrillation and enhance the atrial substrate responsible for managing the disorder.
Cosmetology
“With an increase in the importance provided towards the physical aspects of beauty, more individuals are opting for radiofrequency ablation techniques to treat cosmetic conditions affecting the skin, hair, and nails,” says Barath.
One of the most popular uses of radiofrequency ablation in this segment is the treatment of varicose veins. Catheter ablation is carried out via a small incision into the vein under ultrasound guidance, and the heat from the catheter is used to cure the condition.
The top vendors highlighted by Technavio’s research analysts in this report are:
- AngioDynamics
- Boston Scientific
- Medtronic
- St. Jude Medical
- Stryker
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