Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- A new report has been published by Transparency Market Research, titled "Radiofrequency Ablation Devices Market for Pain Management - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018". TMR, a market intelligence company based in the U.S., states that the global radiofrequency ablation devices market was estimated at US$296.6 million in 2011 and is expected to be expanding at a CAGR of 19.4% between 2012 and 2018. It is expected to reach US$1027.6 million by 2018.
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According to this TMR report, radiofrequency ablation is utilized in a number of minimally invasive procedures in cardiology, oncology, pain management, hypertension, gynecology, and cosmetology. RF ablation technology works through conversion of electrical energy into heat energy and use of hyperthermia to burn the affected or unwanted tissue, after leaving a scar which heals in time.
Ablation of nerves or tissue in pain management takes place because of two different kinds of output of energy, such as pulsed RF ablation (PRF) and short duration continuous RF ablation. Continuous RF ablation has more chance of resulting in permanent damage of nerves and thus needs extremely accurate placement of electrodes. PRF ablation works on pulse doses, which are recurrent, and thus is much safer when compared to continuous ablation. PRF is still not very prominent in the medical community, however, various research projects persist to establish its efficacy during pain management.
More than 80% of the applications for pain management are meant for spine as well as chronic back pain, trailed by sacroiliac joint pain and trigeminal neuralgia. The TMR research report states that in pain management, radiofrequency ablation is emerging to be the best option to find relief from chronic pain but is still experimental in other areas such as arthritic bone joints and knees. RF ablation therapies hold a substantial place and are provided by various clinics such as Novocur in pain management for the knees. The device comprises an RF generator, wherein a maximum of four electrodes can be attached, varying on the kind of generator.
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The other accessories, namely cannulae, needles, and probes are utilized in minimally invasive procedures. The key drivers of these procedures are the rising preference for minimally invasive procedures, the refractory chronic pain responsible for leaving patients with very less options, and the increasing geriatric population in Asia and North America.
As per this TMR research report, the pain management devices market is segmented into North America, EMEA, Asia Pacific, and Rest of the World (RoW). North America is the largest market for minimally invasive surgical procedures, trailed by Europe. Substitute therapies such as acupuncture, chiropractic, acupressure, and others possess a more prominent presence in Asia Pacific and are predicted to pose a substantial threat to this technology. However, with expanding adoption in the medical community, radiofrequency ablation is predicted to become a large segment in the forthcoming future.
The key players in the radiofrequency ablation devices market for pain management are Cosman Medical, Kimberly-Clark, and NeuroTherm.
Key segments of the Radiofrequency Ablation Devices Market
Radiofrequency Ablation Devices Market, By Geography
- North America
- Rest of the World
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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Source:Transparency Market Research