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2018
Endoscope + Radiofrequency Ablation (rfa) Market

Endoscope + Radiofrequency Ablation (RFA) Market

by Application (Cardiology Application, Pain Management, Oncology Application, and Other Application) - Global Opportunity Analysis and Industry Forecast, 2017-2025
Update Available On-Demand

Report Code: A04351
Pages: 152
Jul 2018 | 7019 Views
Author(s) : Tanvi Sapatnekar and Garima Chandra
Tables: 35
Charts: 60
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Endoscope + Radiofrequency Ablation (Rfa) Market Overview:

The global endoscope + radiofrequency ablation (RFA) market was valued at $3,567 million in 2017 and is estimated to reach at $7,471 million by 2025, registering a CAGR of 9.6% from 2018 to 2025. Endoscope + radiofrequency ablation (RFA) is an advanced treatment modality in which endoscope devices are used in conjunction with radiofrequency ablation devices for the treatment of cardiac disorders, oncological disorders, and pain management. The potential of endoscopic RFA is being evaluated in the treatment of early esophageal squamous intra-epithelial neoplasia along with  gastric diseases, rectal diseases, and biliary diseases.

Endoscope + Radiofrequency Ablation (RFA) Market

The key factors that boost the growth of the global endoscope + radiofrequency ablation (RFA) market include upsurge in demand for novel treatment methods for patients suffering from cancer, cardiovascular diseases, and disorders associated with chronic pain along with the benefits offered by this advanced treatment modality. Several research studies have concluded that radiofrequency ablation (RFA) treatment efficiently creates lesion in the targeted body parts while maintaining short procedure durations. However, complications associated with the endoscope + radiofrequency ablation (RFA) procedure and the limited awareness regarding available endoscopic RFA devices are expected to hamper the market growth. Conversely, emerging indications for the endoscopic radiofrequency ablation offer profitable opportunities for the expansion of the market.

Application segment review

Based on application, the endoscope + radiofrequency ablation (RFA) market is classified into four segments—oncology application, pain management, cardiology application, and other applications. The cardiology application segment registered the highest revenue in 2017 and is expected to maintain this trend throughout the forecast period. The dominant position of this segment in the global market is majorly contributed by the increase in the patient pool suffering from arrhythmia. Whereas, the oncology application segment is expected to record the highest CAGR from 2018 to 2025. Radiofrequency ablation (RFA) is a safe, minimally invasive, and an effective modality for the destruction of tumors. In addition, RFA is largely used for the ablation of liver cancer and serves as a practical alternative in inoperable patients.

Geography segment review

Region-wise, the endoscope + radiofrequency ablation (RFA) market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2017, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period. North America is an established market for radiofrequency device ablation technologies, wherein adoption of the newest RFA devices is at its earliest. However, the Asia-Pacific region is projected to register the highest growth rate from 2018 to 2025. China and India have undergone rapid economic progress, and the healthcare industry in these two aforementioned countries witness continuous evolution. This has led several market players to invest in the emerging countries.

The report provides a comprehensive analysis of the key players operating in the global endoscope + radiofrequency ablation (RFA) market, such as Boston Scientific Corporation Conmed Corporation, Medtronic Plc (Covidien Plc), Smith & Nephew Plc, Stryker Corporation, Halyard Health, Inc., Abbott Laboratories (St. Jude Medical, Inc.), AngioDynamics, Inc., Hologic, Inc, and AtriCure, Inc. Other prominent players in the value chain include Diros Technology, Inc., Arthrex, Inc., Biotronik, Cosman Medical, Inc., Fcare Systems, Johnson & Johnson (Biosense Webster & DePuy Mitek), Stockert GmbH, and ENDO-FLEX GmbH.

Key Benefits

  • The study provides an in-depth analysis with the current trends and future estimations of the global endoscope + radiofrequency ablation (RFA) market.
  • A comprehensive analysis of the factors that drive and restrict the market growth is provided.
  • The quantitative analysis of the industry from 2017 to 2025 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
  • An extensive analysis of key segments of the industry is provided to understand the applications of endoscope + radiofrequency ablation (RFA) used globally.
  • The key players and their strategies are analyzed to understand the competitive outlook of the market.

Endoscope + Radiofrequency Ablation (RFA) Market Report Highlights

Aspects Details
By Application
  • Oncology application
  • Pain management
  • Cardiology application
  • Other application
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Boston Scientific Corporation, Conmed Corporation, Medtronic Plc, Smith & Nephew Plc, Stryker Corporation, Halyard Health, Inc., AngioDynamics, Inc., Hologic, Inc., AtriCure, Inc., Abbott Laboratories
 

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Radiofrequency ablation (RFA) is a well-validated treatment for the patients suffering from dysplastic Barrett's esophagus other than medical indications associated with cardiology, oncology, and pain management. However, new emerging indications wherein the use of endoscopic RFA devices is being evaluated are set to offer significant opportunities for the expansion of the key market players. Acquisition is the key business strategy that has been predominantly adopted by the market players including Boston Scientific Corporation and Stryker Corporation. Acquisitions help to cater to new customers and thus expand the geographical presence of the company.

The growth of the global endoscope + RFA market is fueled by increase in demand for novel alternatives for the treatment of cancer, cardiac disorders, and pain management across the globe. In addition, rise in the number of research activities carried out to explore the potential of endoscopic RFA in the treatment of chronic diseases is expected to propel the market growth. Use of endoscope + RFA modality is the highest in North America, owing to easy accessibility of these advanced devices, early adoption of latest minimally invasive surgical techniques, and rise in expenditure by the government on healthcare, followed by Europe and Asia-Pacific. In addition, RFA device manufacturing companies have focused on expanding their presence in the emerging economies, which is anticipated to drive the market growth in Asia-Pacific.

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