The Global Radiofrequency-based Devices System Market is projected to grow at a CAGR of around 13.98% during the forecast period of 2022-27, says MarkNtel Advisors in their recent research report. Radiofrequency (RF)-based devices are used in medical & cosmetic procedures. RF devices are used in hospitals, specialty clinics, aesthetic centers, and other settings. The growing preference for safer & more cost-effective surgeries, minimally invasive procedures, and the most recent technological advancement have all contributed to the growth of the market. The advancement of technology in the cosmetic & medical fields has played a significant role in the evolution of radiofrequency-based procedures.
These devices are used to stimulate collagen production, tighten skin, contour the body by heating & destroying fat cells, and rejuvenate the face. Radiofrequency-based devices are used to treat chronic diseases like cancer, as technological advances have enabled surgeons to perform surgeries with minimal invasiveness & accuracy. Furthermore, increasing radio frequency's capability to treat specific sites of tissue without causing harm to other tissues is also augmenting the demand for radiofrequency devices. In addition, radio frequency's ability to treat specific sites of tissue without damaging other tissues has created a growth opportunity for the market.
However, the high cost of treatment, the risk of tumor recurrence, and some complications like burning sensations and swelling would hinder RF's market growth. Aesthetic procedures such as noninvasive radiofrequency treatments & facelifts are also becoming increasingly popular, particularly among those seeking skin rejuvenation as an alternative to plastic surgery, such as removing fine lines & wrinkles.
Moreover, radiofrequency treatment is a potential substitute that is less time-consuming, non-painful & has some temporary side effects, thereby boosting the growth of the Radiofrequency-based Devices System market during the forecast period.
Pain Management Technique to Drive the Radiofrequency-based Devices System Market
Based on the applications such as Pain Management, Aesthetics, Oncology, Cardiology, and Others. Among them, Pain management would lead the Radiofrequency-based Devices System market, and this trend is expected to continue in the coming years. RF has gained widespread acceptance for the treatment of a variety of conditions, including lower back pain, neck pain, osteoarthritis, and rheumatoid arthritis. RF devices are a safe way of treating pain signals from the spine, face joints, knee, femoral, genicular, and obturator nerves in the hip.
Further, to provide long-lasting pain relief, radiofrequency current heats the small volume of nerve tissue & interrupts pain signals from the surface area. The factors such as the growth of radio frequency-based devices, including lower pain threshold in pediatric & geriatric populations, and an increase in the geriatric population & chronic diseases are projected to flourish the Radiofrequency-based Devices System market during the forecast period.
North America to Enhance the Growth of the Market Owing to the Presence of Numerous Companies
Geographically, North America has one of the most technologically advanced healthcare systems in the world, and it is expected to dominate the Radiofrequency-based Devices System market in the coming years. The region's leadership in the global radio frequency device market is due to the region's early adoption of radiofrequency technology by a large base.
The rising prevalence of chronic diseases, increased demand for minimally invasive procedures, and the presence of numerous established companies in the region are the primary drivers of the region's growth. The Radiofrequency-based Devices System market is expected to grow due to an increasing preference for advanced technologies as well as increased healthcare spending. The North American region is a technological innovation hotspot in the radiofrequency-based devices market.
Additionally, large manufacturing capacity, significant investment in R&D activities for medical device innovations, and rising incidences of chronic diseases such as cancer, pain, atrial fibrillation, and uterine fibroids also contribute to driving the demand for radiofrequency-based devices, reveal MarkNtel Advisors in their research report.
The leading players in the Global Radiofrequency-based Devices System Market are Abbott Laboratories, AngioDynamics, Inc., Sisram Medical Ltd, AtriCure, Inc., Avanos Medical, Inc., Boston Scientific Corporation, Conmed Corporation, Cutera, Inc., Medtronic, Plc, Merit Medical Systems, Inc., Smith & Nephew, Stryker Corporation, Venus Concept, Inc., Bramsys Indústriae Comércio Ltd, BVM Medical Limited, Diros Technology Inc.
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