MDDI Online is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Radiofrequency Ablation Devices Market For Chronic Pain to Grow to $1 billion in 2018

A new market report predicts that the market for r adiofrequency (RF) ablation devices that treat chronic pain will grow to $1.03 billion in 2018,19.4 percent increase since 2012.

A new market report predicts that the market for radiofrequency (RF) Ablation devices that treat chronic pain will grow to $1.03 billion in 2018.

 

That represents a compounded annual growth rate of 19.4 percent between 2012 and 2018, according to the report issued by Transparency Market Research

RF ablation, where heat is delivered to particular tissue, is a minimally invasive procedure that has been used to kill cancerous cells for instance. In pain management, the heat is delivered to the nerves producing pain impulses thereby destroying them.

The demand for these products are growing because of heightened demand for minimally invasive procedures as well as their overall good peformance in managing pain and the short duration of the procedure, according to the report.

The fastest growing part of this market is the disposable segment, and will retain that pace between 2012 and 2018. Those are the cannulae, needles electrodes and probes It is also comprises the largest share of the market, followed by capital equipment _ the RF generator - and reusable segment - probes and electrodes. 

In terms of geography, Asia will be the fastest growing up until 2018 although North America took up the lion's share of the overall market in 2011.

The no. 1 player in the RF ablation device market for chronic pain is Kimberly Clark, followed NueroTherm

-- By Arundhati Parmar, Senior Editor, MD+DI

Related Content

Global Gastrointestinal Devices Market to Grow to $33 billion in 2023

Determining the Size of a Medical Device Market

 

Filed Under
500 characters remaining