Cloud Banner

Medical Devices

Image

Global Radiofrequency Devices Market – Industry Trends and Forecast to 2030

  • Medical Devices
  • Upcoming Report
  • Dec 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Radiofrequency Devices Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 13.700000000000001% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 3.87 Billion
Diagram Market Size (Forecast Year) USD 10.80 Billion
Diagram CAGR 13.700000000000001%

Global Radiofrequency Devices Market, By Product (Disposable, Capital, Reusable Equipment), Type (Unipolar Radiofrequency Ablation, Bipolar Radiofrequency Ablation), Application (Arrhythmia, Obstructive Sleep Apnea, Cancer, Pain Management, Dermatology, Gynecology), End- Users (Hospitals, Cancer Research Institutes, Ambulatory Surgical Centers) – Industry Trends and Forecast to 2030.

Radiofrequency Devices Market​​​​​​​ Analysis and Size

Rising preference for minimally invasive procedures, rising ability of radiofrequency ablation systems to treat specific site of tissue without damaging other tissue, increasing urbanisation, and rising awareness about radiofrequency ablation devices are the major factors driving the radiofrequency devices market, among others. Furthermore, rising technological advancements and modernization will open up new opportunities for the radiofrequency devices market during the forecasted period of 2023-2030.

Data Bridge Market Research analyses that the radiofrequency devices market which is USD 3.87 billion in 2022, is expected to reach USD 10.80 billion by 2030, at a CAGR of 13.7% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Radiofrequency Devices Market Scope and Segmentation      

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Disposable, Capital, Reusable Equipment), Type (Unipolar Radiofrequency Ablation, Bipolar Radiofrequency Ablation), Application (Arrhythmia, Obstructive Sleep Apnea, Cancer, Pain Management, Dermatology, Gynecology), End-Users (Hospitals, Cancer Research Institutes, Ambulatory Surgical Centers)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Boston Scientific Corporation (U.S.), Medtronic (Ireland), AngioDynamics (U.S.), Stryker (U.S.), ATRICURE, INC. (U.S.), Olympus Corporation (Japan), Novomed (India), AVNS (Belgium), Siemens Healthcare Private Limited (Germany), Venclose, Inc. (U.S.), Cosman Medical, Inc. (U.S.), Abbott (U.S.), Terumo Europe NV (China), AES (U.S.), Integer Holdings Corporation (U.S.), MedWaves, Inc. (U.S.), Teleflex Incorporated (U.S.), Baylis Medical Company, Inc (U.S.)

Market Opportunities

  • Technological Advancements

Market Definition

Radiofrequency (RF) devices are used to tighten skin, stimulate collagen production, contour the body by heating and destroying fat cells, and rejuvenate the face. The growing senior population and the emphasis on physical appearance are two major factors driving the growth of the radio-frequency-based devices market. The skin's outer layer thins with age as fewer pigment-containing cells (melanocytes) appear. The skin of the elderly appears paler, thinner, and more translucent. Radiofrequency-based devices are used to stimulate collagen production, skin tightening, and facial rejuvenation.

Radiofrequency Devices Market Dynamics

Drivers

  • Increased Demand for Minimal Invasive Procedures

The growing preference for minimally invasive procedures and treatments, technological advancements in radiofrequency-based devices, and other health and financial advantages over alternative aesthetic procedures. One of the most significant scientific advances in surgery in recent years has been the development of minimally invasive procedures (MIS). The continued efforts to achieve the required surgical output with minimal problems, recuperation time, and hospitalizations are to blame for the increase in demand.  These are the certain factors which propel the market growth.

  • Growing utilization of home healthcare

Using the home healthcare trend to market at-home devices and synergies to expand into emerging markets are two options that have the potential to accelerate the sector's growth. Because of the COVID-19 epidemic, in-home healthcare has become a popular treatment option. As a result, home healthcare is becoming increasingly popular in a variety of medical fields. The concept of radiofrequency-based beauty treatments administered at home is not new and had been on the market prior to the outbreak. Furthermore, for non-experts, various low-cost tools and devices for radio frequency-based devices at home have been developed. Producers of radiofrequency-based aesthetic devices can collaborate with local businesses and healthcare providers to advertise their products on the local market, resulting in profitable business outcomes and a sizable customer base.

Opportunities

  • Technological Advancements

Radiofrequency microneedling is a non-surgical cosmetic procedure that helps restore the skin's youthful appearance and can be performed with the help of radiofrequency-powered aesthetic equipment. The procedure aids in the restoration of the skin's natural ability to produce collagen, which is responsible for its youthful appearance. Furthermore, recent advancements in radiofrequency-based aesthetic devices incorporate the use of a variety of different technologies in a variety of different combinations. Popular market players are under increasing pressure to develop new products for radiofrequency ablation and cosmetic procedures as a result of these technological advancements.

Restraints/Challenges

  • Significant cost of radiofrequency aesthetic treatments

The lack of reimbursement policies for aesthetic treatments, a lack of experienced staff for aesthetic treatments, and the high cost of radiofrequency-based aesthetic treatments are all obstacles to the industry's growth. Insurance companies must make significant efforts to change existing reimbursement rules. In the case of aesthetic treatments, the lack of such policies may stymie their growth. Furthermore, because there will be temporary burns and swelling, these treatments must be administered by trained professionals. A lack of qualified employees may also contribute to the low rate of adoption of this technology among end users.

Furthermore, increased risk of tumour recurrence and rising treatment costs will obstruct market growth, while rising complexity associated with burning sensation at the treatment site of tissue will further challenge the growth of radiofrequency devices market during the forecast period.

This radiofrequency devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the radiofrequency devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Radiofrequency Devices Market

Recent Developments

  • In 2022, Stryker introduces the EasyFuseTM Dynamic Compression System for High-Demand Foot and Ankle Applications.
  • In 2022, Boston Scientific is set to receive FDA approval for next-generation image guided programming software for deep brain stimulation therapy.
  • In 2022- The Next Frontier: A New BD Cell Sorter Will Give Scientists Unprecedented Access to Health and Disease Insights.

Global Radiofrequency Devices Market Scope

The radiofrequency devices market is segmented on the basis of product, type, application and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Disposable
  • Capital
  • Reusable Equipment

 Type

  • Unipolar Radiofrequency Ablation
  • Bipolar Radiofrequency Ablation

 Application

  • Arrhythmia
  • Obstructive Sleep Apnea
  • Cancer
  • Pain Management
  • Dermatology
  • Gynecology

 End-Users

  • Hospitals
  • Cancer Research Institutes
  • Ambulatory Surgical Centers

Radiofrequency Devices Market Regional Analysis/Insights

The radiofrequency devices market is analyzed and market size insights and trends are provided by country, product, type, application and end-users as referenced above.

The countries covered in the radiofrequency devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the radiofrequency devices market because of the increased prevalence of cancer, improved healthcare, and advanced technologies, this region has tremendous potential and precision.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the growing incidence of cancer such as bladder, esophagus, liver, pancreas, and others, high presence of major manufacturers across the U.S. Furthermore, technological advancements and rising foreign investment.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The radiofrequency devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for radiofrequency devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the radiofrequency devices market. The data is available for historic period 2011-2021.

Competitive Landscape and Radiofrequency Devices Market Share Analysis

The radiofrequency devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to radiofrequency devices market.

Some of the major players operating in the radiofrequency devices market are:

  • Boston Scientific Corporation (U.S.)
  • Medtronic (Ireland)
  • AngioDynamics (U.S.)
  • Stryker (U.S.)
  • ATRICURE, INC. (U.S.)
  • Olympus Corporation (Japan)
  • Novomed (India)
  • AVNS (Belgium)
  • Siemens Healthcare Private Limited (Germany)
  • Venclose, Inc. (U.S.)
  • Cosman Medical, Inc. (U.S.)
  • Abbott (U.S.)
  • Terumo Europe NV (China)
  • AES (U.S.)
  • Integer Holdings Corporation (U.S.)
  • MedWaves, Inc. (U.S.)
  • Teleflex Incorporated (U.S.)
  • Baylis Medical Company, Inc (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The radiofrequency devices market value was USD 3.87 billion in 2022.
The radiofrequency devices market is projected to grow at a CAGR of 13.7% during the forecast period of 2023-2030.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials