Radiofrequency Ablation is a minimally invasive cosmetic surgery procedure that uses a local anaesthetic and minimal anaesthesia. This procedure is commonly used to treat chronic low back and neck discomfort. The treatment entails burning a tiny segment of nerves under controlled medicine and controlled pressure, which aids in the blocking of pain signals sent from that same place to another area. One of the key factors driving the market's growth is the rising incidence of cancer. Ablation devices are used in minimally invasive procedures to eliminate cancer cells by using electrical energy and heat. As per the World Health Organization (WHO), in 2018, around 9.6 million deaths were reported due to cancer globally, of which 2.09 million cases were due to lung cancer. As per the same source, in 2018, around 9.6 million deaths were reported due to cancer globally, of which 2.09 million cases were due to lung cancer. Hence, such factors can stimulate growth of the radiofrequency ablation devices market.
Aside from the occurrence of cancer, the rise of sophisticated next-generation ablation is proving to be crucial in the market's development. Key players in the medical devices market are focusing on research and development in order to develop advanced ablation products and technologies. As a result, such factors may boost the growth of the radiofrequency ablation devices market. Abbott Laboratories just launched the IconicRF Generator for minimally invasive pain management in the nerve system in November 2020.
In terms of regional influence, North America appears to be gaining substantial traction in the market for radiofrequency ablation devices. This is owing to the region's strong purchasing power and technological improvements in medical devices. Asia Pacific, on the other hand, is showing a bright outlook due to improved healthcare facilities and increased disposable income in the region.
Radiofrequency ablation devices have been used successfully for treating discomfort and pain in the lumbar region, hips, knees, shoulders, and neck. Furthermore, it has also been shown to provide relief from problems associated with osteoarthritis, which affects the knees, hips, and spinal cord. Regardless of these factors, certain challenges remain prevalent in the market. For instance, high costs associated with ablation devices can restrict the potential market growth. Furthermore, unfavorable regulatory scenarios and frequent product recalls can impede growth of the radiofrequency ablation devices market in the near future.
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