DUBLIN–(BUSINESS WIRE)–The “Radiofrequency Based Devices Market, Global Forecast 2022-2027, Industry Trends, Growth, Size, Impact of COVID-19, Company Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Radiofrequency Based Devices Market is anticipated to reach US$ 6.6 Billion in 2027. Globally, the integration of radiofrequency (RF) waves is one of the technological advancements in treatment delivery whereby RF waves are utilized for heating and killing cells within the patient’s body. Remarkably, the RF waves are being used in numerous medical specialties, together with aesthetics. Moreover, the competition in the global radiofrequency-based aesthetic devices market will intensify in the future, owing to new market entrants and patent expiration.
Global Radiofrequency Based Devices Market Size will expand with a double digit CAGR of 11.7% during 2021-2027
The growing geriatric population and increasing focus on enhancing physical appearance are significant factors driving radiofrequency-based devices market growth. Also, radiation treatment is considered crucial in palliative and curative cancer therapy in geriatric patients. In addition, a rising preference for minimally invasive and non-invasive procedures is an essential factor driving demand for radiofrequency-based devices for treatment. Radiofrequency therapy aids as an effective option to plastic surgery, with minimal side effects, as well as it carries much less time and is almost painless.
Radiofrequency Generators Segment Accounts for Highest Market Share
The radiofrequency-based devices market has been segmented into generators, radiofrequency probes, electrodes, and cannulas based on product. As per the analysis, the radiofrequency generators segment accounts for the highest market share throughout the study period. In the case of pain management, a radiofrequency generator transmits a small magnitude radiofrequency current utilizing insulated needle electrode to numb nerves, which transmit the pain signal to the brain. Similarly, radiofrequency probes will gain market traction during 2021-2027.
Aesthetics Segment Is Expected to Register Fastest Growth Rate
Based on application, the radiofrequency-based devices market has been segmented into aesthetics devices, pain management devices, oncology devices, gynaecology devices, cardiology devices, and others. As per the analysis, the pain management segment accounts for the highest market share amongst other application segments within the global radiofrequency-based devices market throughout the study period. Besides, the aesthetics segment is expected to register the fastest growth rate over the forecast period. Wherein, increasing expenditure on cosmetic and aesthetic procedures has propelled the market’s growth.
Globally the Hospital is The Most Preferred End-Use Segment
By end-use, the market is segregated into hospitals, ambulatory surgical centers, specialty clinics, and others. The developed infrastructure, high footfall, and increased healthcare expenses have made the hospital the most preferred end-use segment. Moreover, a surge in the volume of incidence of cancer and increasing use of radiofrequency-based devices in the field of oncology in hospitals is expected to boost the segment’s growth over the forecast period. In addition, the high demand for radiofrequency-based treatment is expanding the number of operating rooms assisting the evolution of the part, correspondingly boosting the growth of the Worldwide Radiofrequency-Based Devices Industry.
Latin America Radiofrequency-Based Devices Market Expects to Register a Significant Robust Growth
The dominance of the regional market in North America attributes to increasing investment in research and development of advanced radiofrequency devices, rising prevalence of chronic diseases, and increased healthcare expenditure. As per the analysis, the Latin America radiofrequency-based devices market is expected to register significantly robust during the forecast years, owing to a large patient pool suffering from chronic pain and rising demand for cosmetic skin care. Additionally, the growing geriatric population and advancing disposable income drive market expansion.
Product – Breakup Covered from 4 viewpoints
Application – Breakup Covered from 6 viewpoints
End User – Breakup Covered from 3 viewpoints
Region – Breakup Covered from 5 viewpoints
Key Players:
1. Abbott Laboratories
2. ALMA Lasers (Sisram Medical Ltd)
3. AtriCure, Inc.
4. Medtronic plc
5. Stryker
6. Conmed Corporation
7. Smith & Nephew plc
8. Boston Scientific Corporation, Inc.
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
5. Global Radiofrequency-Based Devices Market
6. Market Share – Global Radiofrequency-Based Devices
7. Product – Global Radiofrequency-Based Devices Market
8. Application – Global Radiofrequency-Based Devices Market
9. End User – Global Radiofrequency-Based Devices Market
10. Region – Global Radiofrequency-Based Devices Market
11. Porters Five Forces
12. Key Players
For more information about this report visit https://www.researchandmarkets.com/r/8gzqy2