Radiofrequency Ablation Devices Market for Pain Management is Expected to Reach USD 1.0 Billion Globally in 2018: Transparency Market Research
Albany, New york (PRWEB) March 25, 2013
Radiofrequency ablation is a minimally invasive surgical procedure involving temperature controlled destruction of dysfunctional or cancerous tissues. Use of this technology for pain management refers to heat destruction of nerves conducting pain impulses, to relieve the patient of chronic pain. The market for RF ablation devices for pain management application is expected to record a high growth rate during the forecast period, owing to the rising demand of minimally invasive surgeries, high efficacy and short duration of the procedure.
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The disposables segment accounted for the largest share of the market in 2011 and is expected to be the fastest growing segment during the forecast period. This was followed by the capital equipment segment and the reusables segment in 2011. Geographically, North America accounted for the largest share in 2011, while Asia-Pacific is expected to be the fastest growing region from 2012 o 2018 at a CAGR of 20.6%.
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This market is dominated by a few major players, namely, Cosman Medical, Integra-Radionics, Kimberly Clark-Baylis , NeuroTherm and Stryker Corporation. Of these, Kimberly-Clark accounted for the largest market share in 2011, followed by NueroTherm.
The global radiofrequency ablation devices market for pain management is segmented into the following categories:
Radiofrequency Ablation Devices Market, by Applications
Cardiology and Cardiac Rhythm Management
Radiofrequency Ablation Devices Market for Pain Management, by Product Types
RF Single-Use Probes
RF Single-Use Electrodes
Radiofrequency Ablation Devices Market for Pain Management, by Geography
Rest of the World (RoW)
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