Radiofrequency Ablation Devices for Pain Management Market - Forecast(2021 - 2026)

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Radiofrequency Ablation Devices for Pain Management Market Overview

Radiofrequency Ablation Devices for Pain Management Market size is estimated to reach $1.04 billion by 2026, growing at a CAGR of 11.8% during the forecast period 2021-2026. Radiofrequency ablation (RFA), which is also known as rhizotomy is a medical procedure in which part of the electrical conduction system of the heart or another dysfunctional tissue is ablated by using heat generated from medium-frequency alternating current. Radiofrequency ablation is conducted in the outpatient setting, using either local anesthetics or conscious sedation anesthesia. RFA devices are generally used to treat severe chronic pain in the lower back, where radiofrequency waves are used to produce heat on specifically identified nerves surrounding the facet joints that are on either side of the lumbar spine. The growing burden of chronic pains, atrial fibrillation (AF),  increase in the adoption of minimally invasive procedures across the globe, rising prevalence of Cardiac Arrhythmias coupled with chronic pain conditions such as arthritis are the factors that are set to drive the growth of the global market for the period 2021-2026.

Radiofrequency Ablation Devices for Pain Management Market Report Coverage

The report: “Radiofrequency Ablation Devices for Pain Management Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Radiofrequency Ablation Devices for Pain Management Market.

By Product Type: RF Generators, Reusable Products, and Disposable Products.

By End User: Hospitals, Specialty Clinics, and Ambulatory Surgical Centers.

By GeographyNorth America (U.S., Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand and Rest of Asia-Pacific),South America (Brazil, Argentina and Rest of South America), and RoW (Middle East and Africa) 

Key Takeaways

  • Geographically, North America Radiofrequency Ablation Devices for Pain Management Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the increasing occurrences of chronic pain disorders especially among elderly population in the region.
  • The ability to allow temperature-controlled lesion generation procedure and prevent the chronic pain is driving the growth of the Disposable Products segment.
  • The side effects associated with Radio Frequency Abrasion is one of the major factors that is said to reduce the growth of the Radiofrequency Ablation Devices for Pain Management  Market.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Radiofrequency Ablation Devices for Pain Management Market report.

Radiofrequency Ablation Devices for Pain Management Market Segment Analysis - By Product Type

The Radiofrequency Ablation Devices for Pain Management Market based on the Product Type can be further segmented into RF Generators, Reusable Products, and Disposable Products. Disposable Products segment held the largest share in 2020 owing to the reduction in sterilization costs and its ability to allow temperature-controlled lesion generation procedure. The connector cables that are provided for single use probes are long enough to stay out of the sterile field, thus preventing infection, which is driving the growth of the market. RF Generators is estimated to be the fastest growing segment with a CAGR of 12.7% over the period 2021-2026. This is owing to its ability to provide standard sensory and motor nerve stimulation settings for verifying sensory and motor nerve location ensuring patient safety. It also has the ability to transmit a small radiofrequency current through the insulated needle to deactivate the nerve that is responsible for sending the pain signal to the brain. The increase in the product launches by the key players is driving the growth of the Radiofrequency Ablation Devices for Pain Management Market.

Radiofrequency Ablation Devices for Pain Management Market Size, By Product Type, 2020-2026, ($M)


Radiofrequency Ablation Devices for Pain Management Market Segment Analysis - By End User

The Radiofrequency Ablation Devices for Pain Management Market based on the End User can be further segmented into Hospitals, Specialty Clinics, and Ambulatory Surgical Centers. Hospitals segment held the largest share in 2020 owing to the factors such as the increasing number of patients suffering from different types of chronic pains are getting admitted in the hospitals coupled with the favorable reimbursement policies, and availability of technologically advanced products in hospitals is likely to drive the segment growth. Ambulatory Surgical Centers is estimated to be the fastest-growing segment with a CAGR of 12.4% during the forecast period 2021-2026. This is owing to the increasing demand for outpatient surgery centers, as they provide superior healthcare services and affordable treatment for patients.

Radiofrequency Ablation Devices for Pain Management Market Segment Analysis - By Geography

The Radiofrequency Ablation Devices for Pain Management Market based on the Geography can be further segmented into North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand and Rest of Asia-Pacific), South America(Brazil, Argentina and Rest of South America), and RoW (Middle East and Africa). North America held the largest share in 2020 with 31% of the overall market. The growth in this segment is owing to the increasing occurrences of chronic pain disorders especially among the elderly population in the region. Asia-Pacific is estimated to be the fastest growing segment over the period 2021-2026 owing to the factors such as high prevalence of chronic diseases, emerging applications of radiofrequency ablation technique, and increasing preference for minimally invasive procedures to reduce the chronic pains in the region.

Radiofrequency Ablation Devices for Pain Management Market Drivers

Increasing Prevalence of Cardiac Arrhythmias

Radiofrequency ablation devices support Cardiac Rhythm Management and destroy the abnormal tissues which carry pain signals to the heart and provide lasting relief for people with chronic pain, especially in the lower back and arthritic joints, which is enhancing the growth of the market.

Growing Adoption of Radiofrequency Ablation Procedure

The increasing adoption of Radiofrequency Ablation Devices is owing to the high availability, easy access, increased awareness, cost-effectiveness, and quick relief provide RF ablation devices for pain management a cutting edge over other treatment options. Moreover, Radiofrequency (RF) catheter ablation has recently emerged as an important treatment option in patients with drug-resistant atrial fibrillation (AF), with a success rate of 75% in experienced centers. This is likely to increase the demand for the use of radiofrequency ablation device for pain management in the market.

Radiofrequency Ablation Devices for Pain Management Market Challenges 

Side effects associated with Radiofrequency Ablation

The main side effect of Radiofrequency Ablation is the damage to surrounding blood vessels and nerves during needle insertion resulting in excessive bleeding and irreversible neurologic damage-causing long-term numbness and tingling. They create some discomfort, including swelling and bruising at the site of the treatment. The side-effects associated with radiofrequency ablation and the escalating tendency of reusing and reprocessing devices owing to the high price of new devices are the factors limiting the market growth.

Radiofrequency Ablation Devices for Pain Management Industry outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Radiofrequency Ablation Devices for Pain Management Market. Key companies of this market are Abbott Laboratories, Medtronic, Boston Scientific, Cosman Medical, Halyard Health, Stryker, Cosman Medical, Diros Technology, NeuroTherm, and St. Jude Medical among others.

Acquisitions/Product Launches:

  • In 2020, Abbott has launched IonicRF generator for non-surgical treatment for nervous system pain management. It is designed for minimally invasive treatment through radiofrequency ablation, using heat to target specific nerves and block pain signals from reaching the brain.
  • In 2019, Boston Scientific announced that it has acquired Vertiflex, Inc., to treat chronic pain patients with therapies including spinal cord stimulation and radiofrequency ablation.

Related Reports 

Radiofrequency Ablation Devices Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024

Report Code: HCR 13393

Pain Management Devices Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2024

Report Code: HCR 64501

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1. Radiofrequency Ablation Devices for Pain Management Market - Overview
    1.1 Definitions and Scope
2. Radiofrequency Ablation Devices for Pain Management Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends by Product Type
    2.3 Key trends by End User
    2.4 Key trends by Geography
3. Radiofrequency Ablation Devices for Pain Management Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies 
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis (Average Price)
4. Radiofrequency Ablation Devices for Pain Management Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Radiofrequency Ablation Devices for Pain Management Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Radiofrequency Ablation Devices for Pain Management - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Radiofrequency Ablation Devices for Pain Management Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Radiofrequency Ablation Devices for Pain Management Market – By Product Type (Market Size –$Million/$Billion)
    8.1 RF Generators
    8.2 Reusable Products
        8.2.1 Probes
        8.2.2 Electrodes
    8.3 Disposable Products
        8.3.1 Cannulas
        8.3.2 Needles
        8.3.3 Single-use Probes and Electrodes
9. Radiofrequency Ablation Devices for Pain Management Market – By End User (Market Size –$Million/$Billion)
    9.1 Hospitals
    9.2 Specialty Clinics
    9.3 Ambulatory Surgical Centers
10. Radiofrequency Ablation Devices for Pain Management Market - By Geography (Market Size –$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 U.K.
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia-Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. Radiofrequency Ablation Devices for Pain Management Market - Entropy
12. Radiofrequency Ablation Devices for Pain Management Market – Industry/Segment Competition Landscape Premium
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Best Practices for Companies
13. Radiofrequency Ablation Devices for Pain Management Market – Key Company List by Country Premium Premium
14. Radiofrequency Ablation Devices for Pain Management Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
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