Radiofrequency Ablation Devices Market Size, Share, Growth Analysis, By Type (Unipolar Radiofrequency Ablation, Bipolar Radiofrequency Ablation), By Component Type (Disposable equipment, Capital equipment), By Application (Surgical oncology, Cardiology & cardiac rhythm management), By Region - Industry Forecast 2024-2031

Global Radiofrequency Ablation Devices Market size was valued at USD 4.34 Billion in 2022 and is poised to grow from USD 4.85 Billion in 2023 to USD 11.66 Billion by 2031, growing at a CAGR of 11.6% in the forecast period (2024-2031).

As the name suggests, the radiofrequency ablation devices market includes medical devices or equipment that treat different conditions like chronic pain, tumors, and other severe diseases through the application of radiofrequency energy to aim the damaging tissues. The market is significantly progressing on the back of the rising incidences of chronic disorders, the increasing demand for less invasive surgeries, and improvements in technologies. The market is also propelled by the mounting number of cancer cases and a significant inclination to outpatient procedures. Nonetheless, the market is restrained by significantly priced radiofrequency ablation devices, which could restrict their adoption in the middle income and underdeveloped nations. The market is also negatively impacted by the lack of skilled experts in several developing regions. Despite these restraints, the radiofrequency ablation devices market is opportune to the speedily developing markets and continuous advancements in RFA technologies like integration with imaging systems and enhanced electrodes design.