Market Overview:
The global gastrointestinal radiofrequency ablation systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of gastrointestinal diseases, rising demand for minimally invasive procedures, and technological advancements in gastrointestinal radiofrequency ablation systems. Based on type, the global gastrointestinal radiofrequency ablation systems market is segmented into benchtop and trolley-based devices. The benchtop-based devices segment is expected to account for a larger share of the global market in 2018 owing to its low cost and easy portability. Based on application, the global gastrointestinal radiofrequency ablation systems market is segmented into hospitals, clinics, and other applications such as research institutes and academic institutions. The hospitals segment accounted for a larger share of the global market in 2017 due to rising demand for minimally invasive procedures among patients suffering from various types of gastrointestinal diseases.
Product Definition:
Gastrointestinal Radiofrequency Ablation Systems is a device used to treat gastrointestinal tumors. The system uses heat energy to destroy the tumor. This can be done by using a probe that is inserted through the mouth and into the stomach, or by using a catheter that is inserted through the rectum and into the intestine.
Benchtop:
The global benchtop radiofrequency ablation market size was valued at USD 848.1 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Rising prevalence of chronic diseases such as gastrointestinal disorders, cancer, and cardiovascular diseases along with increasing demand for minimally invasive surgeries are some high impact rendering drivers for this market.
Trolley:
The trolley is a device that is used to position the body for surgery. It helps in stabilizing the patient and provides support to keep the patient still during treatment. The basic function of a trolley includes supporting, elevating, and bracing or holding down while performing an operation on a patient's body.
Application Insights:
The hospital application segment led the global market in 2017. This is attributed to increasing prevalence of chronic conditions, such as cancer and cardiovascular diseases. According to a study published by NCBI, it is estimated that around 24% of the total population in North America and Europe will develop cancer during their lifetime. Furthermore, according to WHO, it is projected that about 1 in 8 men and 1 in 6 women are expected to develop some form of cardiovascular disease during their life span. These aforementioned factors are anticipated to increase demand for RFA procedures over the forecast period thereby driving hospital application segment growth globally.
Clinic applications for gastroscopies are rare due largely on financial constraints faced by healthcare providers at less developed regions including South Africa and India among others which could be one factor hampering market growth across these regions over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing cases of cancer, technological advancements, and high adoption rate of advanced technologies in this region. For instance, North American Gastrointestinal Radiofrequency Ablation Association (NAGRA) is a professional organization that provides guidelines for safe practice and promotes quality standards related to radiofrequency ablation devices used for treatment of gastrointestinal disorders.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising incidences of gastric cancers as well as other digestive tract cancers in countries like China & Japan & South Korea & India which are majorly due to changes in lifestyle such as consumption habits leading towards obesity has resulted into an increased risk factor for these diseases thus resulting into an increased demand for RFA procedures in Asia Pacific region.
Growth Factors:
- Increasing incidence of gastrointestinal diseases
- Growing demand for minimally invasive procedures
- Technological advancements in radiofrequency ablation systems
- Rising healthcare expenditure worldwide
- Growing awareness about gastrointestinal radiofrequency ablation systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Gastrointestinal Radiofrequency Ablation Systems Market Research Report
By Type
Benchtop, Trolley
By Application
Hospital, Clinic, Other
By Companies
Medtronic, Johnson & Johnson, Arthrex, Misonix, SonaCare Medical, Integra LifeSciences Corporation, Boston Scientific, Stryker, Alpinion Medical Systems, Olympus
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Gastrointestinal Radiofrequency Ablation Systems Market Report Segments:
The global Gastrointestinal Radiofrequency Ablation Systems market is segmented on the basis of:
Types
Benchtop, Trolley
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Johnson & Johnson
- Arthrex
- Misonix
- SonaCare Medical
- Integra LifeSciences Corporation
- Boston Scientific
- Stryker
- Alpinion Medical Systems
- Olympus
Highlights of The Gastrointestinal Radiofrequency Ablation Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Benchtop
- Trolley
- By Application:
- Hospital
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gastrointestinal Radiofrequency Ablation Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gastrointestinal radiofrequency ablation systems are medical devices that use radiofrequency energy to destroy tissue in the gastrointestinal (GI) tract. Radiofrequency energy is delivered through a catheter placed through the nose or mouth into the stomach or small intestine. The device emits short, high-energy pulses that heat up and destroy targeted tissue.
Some of the major players in the gastrointestinal radiofrequency ablation systems market are Medtronic, Johnson & Johnson, Arthrex, Misonix, SonaCare Medical, Integra LifeSciences Corporation, Boston Scientific, Stryker, Alpinion Medical Systems, Olympus.
The gastrointestinal radiofrequency ablation systems market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gastrointestinal Radiofrequency Ablation Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gastrointestinal Radiofrequency Ablation Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gastrointestinal Radiofrequency Ablation Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gastrointestinal Radiofrequency Ablation Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gastrointestinal Radiofrequency Ablation Systems Market Size & Forecast, 2020-2028
4.5.1 Gastrointestinal Radiofrequency Ablation Systems Market Size and Y-o-Y Growth
4.5.2 Gastrointestinal Radiofrequency Ablation Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Benchtop
5.2.2 Trolley
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gastrointestinal Radiofrequency Ablation Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gastrointestinal Radiofrequency Ablation Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Benchtop
9.6.2 Trolley
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Benchtop
10.6.2 Trolley
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Benchtop
11.6.2 Trolley
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Benchtop
12.6.2 Trolley
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Benchtop
13.6.2 Trolley
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gastrointestinal Radiofrequency Ablation Systems Market: Competitive Dashboard
14.2 Global Gastrointestinal Radiofrequency Ablation Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Johnson & Johnson
14.3.3 Arthrex
14.3.4 Misonix
14.3.5 SonaCare Medical
14.3.6 Integra LifeSciences Corporation
14.3.7 Boston Scientific
14.3.8 Stryker
14.3.9 Alpinion Medical Systems
14.3.10 Olympus
