"The
Report Global Radiofrequency Ablation Market 2017-2021 provides
information on pricing, market analysis, shares, forecast, and
company profiles for key industry participants. -
MarketResearchReports.biz"
MarketResearchReports.biz
now features a report, titled “Global
Radiofrequency Ablation Market
2017-2021”. The study gives a 360-degree view of the market.
According to the report, the global market for radiofrequency
ablation will exhibit a CAGR close to 9.0% from 2017 to 2021.
Radiofrequency
ablation procedures are minimally invasive in nature and therefore,
the rising reference for minimally invasive techniques is providing a
fillip to the global market. These procedures ensure minimal pain and
complications, short hospital stay and recovery time, and minimum
risk of infections. The rising prevalence of chronic diseases such as
cardiovascular diseases and cancer is also working in favor of the
market.
On
the flip side, the high cost of treatment along with the availability
of substitutes is hampering the growth of the market. Furthermore,
the lack of skilled physicians and medical practitioners is
inhibiting the growth of the market. Nevertheless, the increasing
number of training programs provided by radiofrequency ablation
systems manufacturers is likely to provide a significant push to the
global radiofrequency ablation market.
On
the basis of product, the global radiofrequency ablation market is
divided into radiofrequency ablation consumables and accessories,
radiofrequency ablation catheters, and radiofrequency ablation
systems. The radiofrequency ablation consumables and accessories
segment will continue to dominate the market until 2021. The
increasing use of broad range of accessories and disposable during
radiofrequency ablation procedures, especially in emerging nations
such as India, Mexico, Brazil, and China. The growing preference for
minimally invasive techniques is paving way for the increased use of
various consumables and accessories for radiofrequency cardiac
ablation procedures.
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Based
on end user, the global market is fragmented into hospitals,
ambulatory surgical centers (ASCs), and physicians’ offices.
Hospitals will continue to account for the lion’s share in the
market until 2021. The rising preference for hospitals over other
healthcare units can be attributed to the fact that hospitals offer a
large number of inpatient and outpatient services, procure medical
consumables and products on bulk, and engage closely with many
suppliers.
From
the geographical standpoint, the market is segmented into Europe, the
Middle East, and Africa (EMEA), Americas, and Asia Pacific. The
Americas will continue to be the frontrunner in the global arena
until 2021. The growth of the region can be attributed to the growing
prevalence of chronic diseases such as cancer and cardiovascular
disorders and the availability of favorable reimbursement framework.
Moreover, the presence of an advanced healthcare infrastructure,
particularly in the U.S. and Canada, is supplementing the growth of
the region.
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The
global radiofrequency ablation market features a high degree of
competition and concentration. There are a large number of regional
and international participants in the global arena who are competing
with other in terms of pricing and product innovation. The majority
of key players are focusing towards streamlining their research and
development activities to minimize their equipment cost and maximize
their profitability.
The
leading players in the global market for radiofrequency ablation are
St. Jude Medical, Medtronic, Stryker, AngioDynamics, and Boston
Scientific. Some of the other prominent companies operating in the
market are Accuray, PLC Medical Systems, APT Medical, Biosense
Webster, AtriCure, Halyard Health, CONMED, Hansen Medical, Merit
Medical Systems, Osypka Medical, MicroPort Scientific, Smith &
Nephew, and Total Vein Systems.
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