ALBANY, N.Y. -- Emerging nations in regions such as Asia, Eastern Europe, and Latin America have been witnessing remarkable growth in the healthcare industry and this factor works as a major growth prospect for the global radiofrequency ablation devices market for pain management.
The research report offers invaluable insights into the global radiofrequency ablation devices market, highlighting the various factors governing its growth over the forecast period. With the help of market research tools such as SWOT analysis, market attractiveness analysis, and value chain analysis, the study on the radiofrequency ablation devices market presents an exhaustive overview of the global scenario. The research report also uses Porter’s Five Forces analysis to provide an in-depth and razor-sharp evaluation of the global market for radiofrequency ablation devices, offering vital information on bargaining power of buyers and suppliers, threat of new entrants as well as substitutes, and competitive rivalry.
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Overview of the global radiofrequency ablation devices market for pain management
The radiofrequency ablation devices market for pain management was estimated to be worth US$296.6 million in 2011 and, registering a 19.4% CAGR during the forecast period of 2012 to 2018, is projected to be worth US$1,027.6 million by 2018.
Geographically, the radiofrequency ablation devices market is divided into North America, Europe, Asia-Pacific, and Rest of the World. By product, the global radiofrequency ablation devices market is segmented into reusables, capital equipment, and disposables. In terms of applications, the radiofrequency ablation devices market is categorized into cosmetology, pain management, hypertension, cardiology and cardiac rhythm management, gynecology, and surgical oncology.
Product-wise, disposables formed the largest segment of the radiofrequency ablation devices market for pain management in 2011 and is anticipated to be the most rapidly-growing segment from 2012 to 2018, followed by capital equipment and reusables. In terms of region, North America led the global radiofrequency ablation devices market in 2011. The Asia-Pacific region, on the other hand, is projected to expand at the fastest compound annual growth rate of 20.6% during the forecast period.
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The radiofrequency ablation devices market for pain management is primarily driven by the surging demand for minimally invasive procedures. Moreover, with the growth in global geriatric population, there has been an increase in the prevalence of chronic arthritis, thereby fueling the radiofrequency ablation devices market. Technological advancements have also played a major role in boosting the global market. With the growth of the healthcare industry in emerging economies in Latin America, Asia, and Eastern Europe, the radiofrequency ablation devices markets in these regions are expected to receive a boost as well.
On the flip side, implementation of the Affordable Health Care for America Act, 2010, side effects of radiofrequency ablation devices for pain management, and restricted patient base compatible for the procedure are some of the factors that are expected to hinder the radiofrequency ablation devices market.
Companies mentioned in the research report
The global radiofrequency ablation devices market for pain management is led by a handful of key players: Cosman Medical, Inc., Diros Technology, Inc., Kimberly-Clark Corporation, Neurotherm, Inc., Stryker Corporation, Biosense Webster, Inc., St. Jude Medical, Inc., and Accuray, Inc. Among these, Kimberly-Clark Corporation dominated the worldwide market for radiofrequency ablation devices in 2011, with Nuero Therm as the second-largest company in the same year.
Major geographies analyzed under this research report are:
EMEA
North America
Asia-Pacific
Rest of the World
This report gives you access to decisive data such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years
Key highlights of this report
Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments
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