global radiofrequency ablation devices market assessment & forecast: 2015-2019

Published: October, 2015

Global Radiofrequency Ablation

Devices Market Assessment &

Forecast:

2015-2019

Segments Assessed: Applications – (Tumor Management, Cardiac

Rhythm Management, Surgery, Cosmetology, Gynecology, Hypertension,

Others) Products – Generators, Catheters & Probes, Disposables and

Special Capital Equipment.

Geographies Assessed: North America, Europe, Asia-Pacific, Latin

America, Middle-East and Africa.

Global Radiofrequency Ablation Devices Market Assessment & Forecast, (2015-2019)

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About Us

Spearhead Acuity Business Research & Consulting (SA-BRC) is a premium Life Science business

intelligence and data analytics firm. The SA-BRC team offers a wide range of business intelligence

services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals,

Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the

entire value chain of healthcare industry. Our research and consulting capabilities extend across

several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical

Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.

Our skills and capabilities help in putting forth the most accurate perspective of the market. We track

all major and minor events that create ripples and affect the life-science market in different ways.

Our data modeling process includes the evaluation of impacting events and analyzing other

invaluable sources (public & proprietary) of information and finally reporting results that will

influence the decision making of the readers.

SA-BRC has helped start-ups and market leaders across the globe achieve their revenue goals

strategically in multiple stages such as adoption, pre-launch research, regional analysis, social media

analytics, competitive mapping, market entry and post marketing surveillance. We frequently build

panels of experts for gathering data and invite participants of the healthcare industry to share their

opinions and views on our reports. Our current network of industry experts span across all major

life-science domains and take pride in keeping ourselves abreast with the latest happenings within

the sphere of Life-Science.

Report:

GLOBAL NON-VASCULAR

STENTS MARKET

2013-2019


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Table of Content

Chapter 1 Preface 7

1.1 Research Scope 7

1.1.1 Market Segmentation 8

1.1.2 Postulations 9

1.2 Methodology of Research 10

1.2.1 Companies covered in this report 11

Chapter 2 Précis 12

2.1 Market Inferences 12

Chapter 3 Market Dynamics 14

3.1 Market Drivers 14

3.1.1 Incidence of ineffectiveness of antiarrhythmic drugs is becoming a positive stimulus for

treatment by RF ablation 14

3.1.2 Minimally invasive out-patient procedure 14

3.1.3 Highly mature and clinically proven technology with diverse applications 14

3.2 Market Inhibitors 15

3.2.1 Rising competition from substitute treatment methods such as cryoablation and

microwave ablation 15

3.2.2 Renal denervation’s steep downslide to restrict and contract market expectations from radiofrequency ablation technologies 15

3.3 Opportunities 15

3.3.1 New life for RF ablation devices for hypertension 15

3.3.2 Opportunities in emerging markets 16

3.3.3 MRI Compatible Catheters 16

Chapter 4 Radiofrequency Ablation Devices – Global Market Size

Assessment, by Applications, Forecast: 2015 - 2019 17

4.1 Introduction 17

4.2 Radiofrequency Ablation Devices Market, by Tumor Management, US$ Mn (2013 - 2019) 18

4.3 Radiofrequency Ablation Devices Market, by Cardiac Rhythm Management, US$ Mn (2013 - 2019) 19

4.4 Radiofrequency Ablation Devices Market, by General Surgery, US$ Mn (2013 - 2019) 20

4.5 Radiofrequency Ablation Devices Market, by Pain Management, US$ Mn (2013 - 2019) 21

4.6 Radiofrequency Ablation Devices Market, by Cosmetology, US$ Mn (2013 – 2019) 22

4.7 Radiofrequency Ablation Devices Market, by Hypertension Management, US$ Mn (2013 – 2019) 24


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4.8 Radiofrequency Ablation Devices Market, by Gynecology, US$ Mn (2013 – 2019) 26

4.9 Radiofrequency Ablation Devices Market, by Other Applications, US$ Mn (2013 – 2019) 27


Assessment, by Products, Forecast: 2015 - 2019 29

5.1 Introduction 29

5.2 Radiofrequency Generators Market, US$ Mn (2013 - 2019) 30

5.3 Radiofrequency Catheters and Probes Market, US$ Mn (2013 - 2019) 31

5.4 Radiofrequency Disposables Market, US$ Mn (2013 - 2019) 32

5.5 Radiofrequency Special Capital Equipment Market, US$ Mn (2013 - 2019) 32


Assessment, by Geography, Forecast: 2015 - 2019 34

6.1 North America Radiofrequency Ablation Devices Market, US$ Mn (2013 - 2019) 35

6.2 Europe Radiofrequency Ablation Devices Market, US$ Mn (2013 - 2019) 36

6.3 Asia-Pacific Radiofrequency Ablation Devices Market, US$ Mn (2013 - 2019) 37

6.4 Latin America Radiofrequency Ablation Devices Market, US$ Mn (2013 - 2019) 38

6.5 Middle-East Radiofrequency Ablation Devices Market, US$ Mn (2013 - 2019) 39

6.6 Africa Radiofrequency Ablation Devices Market, US$ Mn (2013 - 2019) 40

Chapter 7 Key Players Analysis: Radiofrequency Ablation Devices

Market Share, 2014 (%) 42

7.1 Key Players Market Share: Radiofrequency Ablation Devices Market, 2014 (%) 42

7.2 Global Radiofrequency Ablation Devices Market: Recent Developments 2013-2015 43

7.2.1 Mergers and Acquisitions 43

7.2.2 Joint Ventures, Expansion and Collaborations 44

7.2.3 New Product Launches and Approvals 44

7.3 Competitive Landscape: Strategies 45

Chapter 8 Epilogue 46


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List of Figures

FIG. 1 Market Segmentation: Global Radiofrequency Ablation Devices Market 8

FIG. 2 Research Methodology: Global Radiofrequency Ablation Devices Market Assessment 10

FIG. 3 Global Raadiofrequency Ablation Devices Market Share, by Geography 2014 & 2019 (% Share - US$ Million) 13

FIG. 4 Radiofrequency Ablation Devices – Global Market Share, by Applications 2014 & 2019 (% Share - US$ Million) 17

FIG. 5 Global Radiofrequency Ablation Devices Market by Tumor Management 2013 – 2019 (US$ Million) 18

FIG. 6 Global Radiofrequency Ablation Devices Market for Cardiac Rhythm Management 2013 – 2019 (US$ Million) 19

FIG. 7 Global Radiofrequency Ablation Devices Market for General Surgery 2013 – 2019 (US$ Million) 21

FIG. 8 Global Radiofrequency Ablation Devices Market for Pain Management 2013 – 2019 (US$ Million) 22

FIG. 9 Global Radiofrequency Ablation Devices Market for Cosmetology 2013 – 2019 (US$ Million) 23

FIG. 10 Global Radiofrequency Ablation Devices Market for Hypertension Management 2013 – 2019 (US$ Million) 25

FIG. 11 Global Radiofrequency Ablation Devices Market for Gynecology 2013 – 2019 (US$ Million) 26

FIG. 12 Global Radiofrequency Ablation Devices Market for Other Applications 2013 – 2019 (US$ Million) 27

FIG. 13 Global Radiofrequency Ablation Devices Market Share, by Products 2014 – 2019 (% Share US$ Millions) 29

FIG. 14 Global Radiofrequency Generators Market 2013 – 2019 (US$ Million) 30

FIG. 15 Global Radiofrequency Catheters & Probes Market 2013 – 2019 (US$ Million) 31

FIG. 16 Global Radiofrequency Disposables Market 2013 – 2019 (US$ Million) 32

FIG. 17 Global Radiofrequency Ablation Special Capital Equipment Market 2013 – 2019 (US$ Million) 33

FIG. 18 Key Players Market Share: Radiofrequency Ablation Devices Market, 2014 (%) 42

FIG. 19 Ablation Devices Market, by Energy Type 2014 (% Share US$ Millions) 47


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List of Tables

TABLE 1 List of companies covered in this report 11

TABLE 2 Global Radiofrequency Ablation Devices Market, by Geography, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 34

TABLE 3 North America Radiofrequency Ablation Devices Market, by Products, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 35

TABLE 4 Europe Radiofrequency Ablation Devices Market, by Products, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 37

TABLE 5 Asia-Pacific Radiofrequency Ablation Devices Market, by Products, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 38

TABLE 6 Latin America Radiofrequency Ablation Devices Market, by Products, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 39

TABLE 7 Middle-East Radiofrequency Ablation Devices Market, by Products, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 40

TABLE 8 Africa Radiofrequency Ablation Devices Market, by Products, 2013 - 2019 (US$ Mn) (CAGR: 2015 - 2019) 41


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Chapter 1 Preface

1.1 Research Scope

Chapter Number Segment Description

Chapter 1:

Preface

Research Scope

The preface provides a brief overview of the contents of the

research report. The overview is further supplemented by a

graphical representation of the market segments analyzed

in the report. This is followed by the postulations or

assumptions considered for analysis of different segments.

Research

Methodology

Provides the methodology adopted by SA-BRC while

estimating the current and future market in terms of value.

Chapter 2:

Précis

Inferences &

Summary

The chapter lists down key (quantitative and qualitative)

highlights and takeaways of the market as reported in the

study.

Chapter 3:

Market Dynamics

Drivers, Inhibitors &

Opportunities

Explains the foremost factors that are affecting the growth

(positively and negatively) of the global radiofrequency

ablation devices market.

Chapter 4:

Applications Market Size &

Forecast – Radiofrequency

Ablation Devices Market

Market Estimations

for Radiofrequency

Ablation by

Application

Application Segments: Tumor Management, Cardiac

Rhythm Management, Pain Management, Cosmetology,

Gynecology, General Surgery, Hypertension Management,

Others. Estimates market value with 2013 & 2014 as

historical years and forecast of 2015-2019.

Chapter 5: Products

Market Size & Forecast –

Radiofrequency Ablation

Devices Market

Market Estimations

for Radiofrequency

Ablation equipment

by type

Equipment Types: Radiofrequency Generators,

Radiofrequency Catheters and Probes, Disposables and

Special Capital Equipment. Estimates market value with

2013 & 2014 as historical years and forecast of 2015-2019.

Chapter 6: Geography

Market Size & Forecast –

Radiofrequency Ablation

Devices Market

Demographical

Analysis

Provides estimates by value for 6 geographies of North

America, Europe, Asia-Pacific, Latin America, Middle-East

and Africa. Estimates with 2013 & 2014 as historical years

and forecast of 2015-2019.

Chapter 7:

Key Players Market Share

Analysis

Recent

Developments &

Competitive

Strategies

Elaborates recent developments for the years 2013, 2014 &

2015 and major competitive strategies adopted by

companies in this area based on events for past 3 years.


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Chapter 8:

Epilogue

Postscript Qualitative

Overview

Provides postscript content to the report and includes an

informal perspective on the market with the best possible

outcome by the end of forecast period.

1.1.1 Market Segmentation

FIG. 1 Market Segmentation: Global Radiofrequency Ablation Devices Market

Source: SA-BRC Analysis

Global Radiofrequency Ablation Devices Market

Assessment: Forecast 2015 - 2019

Application

SegmentationDemographic Segmentation

Tumor Management North America

Europe

Asia-Pacific

Latin America

Middle-East

Africa

Cardiac Rhythm

Management

General Surgery

Pain Management

Product/ Equipment

Segmentation

RF Generators

RF Catheters & Probes

Disposables

Special Capital Equipment

Cosmetology

Hypertension Management

Gynecology

Other Applications


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1.1.2 Postulations

This section covers assumptions and postulations considered during the research of the market.

These assumptions considered in order to estimate the complete forecast of the Global

Radiofrequency Ablation Devices Market have been detailed below:

This report provides estimates of the market assuming no major economic rise or decline

will occur due to unforeseen circumstances during the forecast period.

SA-BRC interviews with industry experts, key players and doctors concluded that RF

catheters are also known by other terminologies such as electrodes or probes. This report

assumes all three terminologies to be the same component of RF ablation equipment.

This report includes the market for RF electrosurgical devices that are used for all types of

procedures such as coagulation, electrocautery, fulguration, arthroscopy (RF generated

plasma) and other invasive surgical procedures.

The analysis includes both disposable and reusable catheters and probes together in one

market segment due to disparity observed during surveys on the definition of reusable and

disposable. Varying number of responses suggested that electrodes and catheters that are

meant for single use are in fact used multiple times. If a device is used more than once, is it

in fact a reusable device? How many times does a catheter or a probe be needed to be

reused in order to be tagged as reusable? Hence SA-BRC analysis includes all types of

catheters and probes together to eliminate this confusion.


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1.2 Methodology of Research

FIG. 2 Research Methodology: Global Radiofrequency Ablation Devices Market Assessment

Source: SA-BRC Analysis. **Websites mentioned in the above representation are few examples from our exhaustive list of references that

cannot be compiled in entirety

Quantitative

Research

Qualitative

Research

Primary Research Secondary/Desk Research

Online-web (CATI/CAWI/CAPI)

Telephonic and video conference

Interviewee Location: Multiple

respondents from each of 6 geographies

Interviewee Field Exp.: All Interviewees

were c-level, d-level, VP level and senior

management

Target Information: validation of

secondary findings; cross-verification of

other primary interviews

Organization – Hospital Purchase Dept.

and GPO’s across 6 regions

Proprietary third party databases

In-house data repository

Company sites

Annual Reports/ SEC Filings

Investor presentations

Equity & Stock

(Seeking Alpha, Zacks, etc.)

Primary Research Secondary/Desk Research

Online forums/blogs

Online communities/Patient Advocacy

Groups

Online chat with KOLs/experts

Focused Group Discussions

Target Information: Insights on market

trends, market impact factors, marketing

and awareness programs etc.

American Cancer Society

Globocan

European Society for Cardiology

American Chiropractic Association

Radiological Society of North America

European Cardiac Arrhythmia Society

Data triangulation was done for the information (quantitative/qualitative) collected through

primary and secondary sources. Analysis also included evaluation of all major macro and

microeconomic factors.

Post data triangulation process, the summary of our study was shared with KOLs and industry

experts to suggest further insights to our analysis as well as validate the overall radiofrequency

ablation devices market.

Key Findings

Market Forecast

Insight Generation

Spearhead-Acuity Team


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1.2.1 Companies covered in this report

TABLE 1 List of companies covered in this report

S. No Company Name S. No Company Name

1 Medtronic Inc (Covidien PLC) 10 Haylard Health Inc

2 Boston Scientific Corporation 11 Cosman Medical Inc

3 St. Jude Medical 12 Stockert

4 Stryker Corporation 13 Johnson & Johnson (Biosense Webster &

DePuy Mitek)

5 AngioDynamics 14 Fcare Systems

6 AtriCure Inc 15 Hologic (Novasure)

7 Sutter Medizintechnik GmbH 16 Biotronik

8 Diros Technology 17 Stryker

9 Arthrex 18 Topera (Abbott Laboratories)

Source: Proprietary data sources, KOL opinions, Primary Interviews, SA-BRC Analysis


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Chapter 2 Précis

2.1 Market Inferences

Key Highlights and Insights to the global radiofrequency ablation devices market:

The global radiofrequency ablation devices market was valued at US$ 3,137.9 million in

2014 and expected to grow to US$ 5,469.7 million by 2019 at a CAGR of 11.5% from 2015

to 2019.

Rising cases of tumors and cardiac arrhythmia ensured that the demand for radiofrequency

ablation devices was primarily led by these two applications. The market for RF devices in

tumor management accounted for a share of xx% followed by cardiac rhythm management

with a share of xx% in 2014.

A growing incidence of menorrhagia and increasing demand from menopausal women to

undergo endometrial ablation is expected to result in a high growth of RF ablation in

gynecology. The demand for RF ablation devices in gynecology is expected to grow the

quickest at a CAGR of xx% from 2015 to 2019.

North America continued to lead the demand for RF ablation devices despite having a

negligible demand for RF ablation in hypertension treatment. In 2014, North America

accounted for a market share of xx% followed by Europe with a share of xx%.

Asia-Pacific and Middle-East are expected to grow the quickest during the forecast period

2015 to 2019 with a CAGR of xx% and xx% respectively.

Medtronic Inc (Medtronic + Covidien Plc), Johnson & Johnson (Biosense Webster + DePuy

Mitek), St. Jude Medical, Stryker, Boston Scientific and Smith & Nephew were the leading

players in the radiofrequency ablation devices market with shares of xx%, xx%, xx%, xx%,

xx% and xx% respectively.


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Disclaimer:

SA-BRC Market Research is an informative Market Research Company with the sole intention of

sharing market related insights. The information provided in our research reports or on sa-brc.com

though collected through authentic sources, analyzed and cross validated through Key Opinion

Leaders (KOLs) in the industry; neither the company nor authors provide any kind of warranty about

the content – both qualitative and quantitative.

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