Home > Medical Devices > Radiofrequency-Based Devices Market Trends, Applications, Analysis, Growth, and Forecast 2
Straits Research

Radiofrequency-Based Devices Market

Radiofrequency-Based Devices Market: Information by Product (Generators, Electrodes), Application (Pain Management, Aesthetics), and Region — Forecast till 2030

Table of Content Download Sample

Market Snapshot

market snapshot
Base Year:
2021
Study Period:
2020-2030
CAGR:
12.9 %
Fastest Growing Market:
Asia-Pacific
Largest Market:
North America

The global radiofrequency-based devices market was valued at USD 1.03 billion in 2021. It is projected to reach USD 11.65 billion by 2030, growing at a CAGR of 12.9% during the forecast period (2022–2030). Radiofrequency (RF) devices are utilized for skin tightening, collagen creation, body contouring via heating and destroying fat cells, and facial rejuvenation. Major factors driving the expansion of the radio-frequency-based devices market are the increasing senior population and the emphasis on improving physical appearance.

The outer layer of the skin thins with age as fewer pigment-containing cells (melanocytes) are present, and those that are present are larger. The skin of older individuals looks paler, thinner, and translucent Radiofrequency-based devices are used to promote collagen production, skin tightening, and facial rejuvenation. Also, in geriatric patients, radiation treatment is crucial in palliative and curative cancer therapy. Radiofrequency-based devices market development can be attributed to the rising demand for radio frequency-based devices in aesthetic procedures. Radiofrequency waves help produce new collagen and elastin in the human body, while the old, damaged skin cells are replaced in due time. New skin emerging from radiofrequency therapy is tighter and firmer, which offers a naturally youthful appearance. These tools are also used for body shaping by destroying fat cells, such as treating the flank or belly.

Get more information on this report Download Sample Report

Market Dynamics

Global Radiofrequency-Based Devices Market Drivers

Increased Demand for Minimal Invasive Procedures     

A growing preference for minimally invasive procedures and treatments, technological advancements in radiofrequency-based devices, and other health and financial advantages over alternative aesthetic procedures are all mentioned in the study on the global market for these devices. In recent years, one of the most significant scientific advances that have been made in the field of surgery is the development of procedures that are minimally invasive (MIS). The continued efforts to attain the required surgical output with minimal problems, recuperation time, and hospital hospitalizations are to blame for the growth in demand.

Technological Advancements

Radiofrequency micro-needling is a non-surgical cosmetic procedure that helps restore the skin's youthful appearance and can be performed with the assistance of aesthetic equipment powered by radiofrequency. The procedure helps restore the skin's natural ability to produce collagen, which is responsible for the skin's youthful appearance. In addition, the most recent developments in radiofrequency-based aesthetic devices incorporate the use of a variety of different technologies in diverse combinations. Due to these technological advancements, popular market players are under increasing pressure to develop new products for radiofrequency ablation and cosmetic procedures.

Global Radiofrequency-Based Devices Market Restraints

Significant Cost of Radiofrequency Aesthetic Treatments

Shortage of reimbursement policies for aesthetic treatments, lack of experienced staff for aesthetic treatments, and the high cost associated with radiofrequency-based aesthetic treatments are obstacles impeding the expansion of the industry. Insurance providers are obliged to make significant efforts to change existing reimbursement rules. This absence of such policies in the case of aesthetic treatments can impede their growth pace. Additionally, skilled professionals must administer these treatments because there will be temporary burns and swelling. The lack of competent employees may also contribute to the poor adoption rates of this technology among end-users.

Global Radiofrequency-Based Devices Market Opportunities

Growing Utilization of Home Healthcare

Utilizing the home healthcare trend to market at-home devices and synergies to expand into emerging countries are two options with the potential to accelerate the sector's expansion. Due to the COVID-19 epidemic, healthcare at home has become a widely sought care method. Thus, home healthcare is on the rise in numerous medical fields. The notion of radiofrequency-based beauty treatments administered at home is not new and has been on the market before the outbreak. In addition, various low-cost tools and devices for radio frequency-based devices at home have been developed for non-experts. Producers of radiofrequency-based aesthetic devices can work with neighborhood businesses and healthcare providers to advertise their products on the local market, resulting in profitable business outcomes and a sizable customer base.

 

Segmental Analysis of the Global Radiofrequency-Based Devices Market

The global radiofrequency-based devices market is segmented into Product and Application.

Based on product type, the market is categorized into radiofrequency generators, applicators, electrodes, cannulas, probes, and needles.

The needles segment's revenue is anticipated to expand rapidly during the forecast period. RF micro-needling is a minimally invasive therapy for skin rejuvenation that combines standard micro-needling technology with radiofrequency radiation. The fractional radiofrequency pulse sent deep into the dermis layer of the skin improves skin tightening and reduces acne scarring by stimulating elastin and collagen formation.

Based on application, the market has been categorized into aesthetics, pain management, cancer, gynecology, and cardiology.

The pain management application category dominates the market for radio frequency-based devices during the forecast period. Radiofrequency treatment is regarded as highly beneficial for the long-term management of chronic pain. Radiofrequency ablation has numerous advantages, including precision, efficacy, and reproducibility. The cardiology revenue segment is anticipated to experience the highest growth rate throughout the projection period. In pain management, a radiofrequency generator administers a tiny radiofrequency current through insulated needle electrodes to deactivate nerves that convey pain signals to the brain. The aesthetics section had the second-largest revenue share during the forecast period. Increasing spending on cosmetic and aesthetic operations is driving market expansion. According to research published by the American Society of Plastic Surgeons, spending on cosmetic surgery and minimally invasive procedures have increased in recent years.

 

Regional Analysis of the Global Radiofrequency-Based Devices Market

The global radiofrequency-based devices market is segmented into four regions, namely North America, Europe, Asia-Pacific, and LAMEA

Regional Growth Insights Request Sample Pages

The North American market led the global market for radio frequency-based devices in revenue generation. This is attributable to increasing investments in research and development of improved radiofrequency devices, the rising prevalence of chronic diseases, and increased expenditures on healthcare. In addition, the presence of influential market players such as Abbott Laboratories is helping to drive the expansion of the market in this area.  Due to a large patient pool suffering from chronic pain and the rising demand for cosmetic skin care, the radio frequency-based devices market in Asia-Pacific will likely exhibit a fairly robust revenue CAGR during the forecast year. In addition, a growing population of older people, as well as increased levels of discretionary spending, are variables that are driving market revenue growth.

 

Competitive Players in the Global Radiofrequency-Based Devices Market

The global radiofrequency-based devices market’s major key players are Stryker Corporation, Boston Scientific Corporation, Johnson & Johnson, Becton Dickinson and Company, Smith & Medical, Avanos Medical, YA MAN LTD., Cynosure, Medtronic plc, Venus Concept Inc, Abbott Laboratories, Beco Medical Group, Cymedics, Cynosure, Inc., EndyMed, Ibramed, INDABA S.A., In mode Ltd., Lumenis Ltd., Lutronic, SharpLight Technologies Ltd., and Syneron Medical Ltd.

 

Recent Developments

  • May 2022- Stryker Launches EasyFuse™ Dynamic Compression System for High-Demand Foot and Ankle Applications.
  • April 2022- Boston Scientific Receives FDA Approval for Next-Generation Image Guided Programming Software for Deep Brain Stimulation Therapy.
  • June 2022- The Next Frontier: New BD Cell Sorter Will Provide Scientists Unprecedented Access to Insights into Health and Disease.
  • June 2022- late-breaking data reinforce a broad range of patients benefit from Abbott’s mitral and tricuspid heart valve devices.

 

Global Radiofrequency-Based Devices Market: Segmentation

By Product

  • Generators
  • Electrodes
  • Applicators
  • Probes
  • Cannulas
  • Needles

By Application

  • Pain Management
  • Aesthetics
  • Oncology
  • Cardiology

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
Price Starts From
USD4250

Purchase Benefits

  • Eligible for a free updated report next year
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
  • Permission to print the report
Want to learn more about recent trends and data ?
They Already Trust Us :
Veto-Pharma
Nippon Becton Dickinson
Merck
Argon Medical Devices
Abbott
Johnson & Johnson
Need Assistance?
+1 646 480 7505 (U.S.)
+44 208 068 9665 (U.K.)
Looking For Custom Report ?

Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track sales in the global and country-specific Market.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Check Our License Options :
Report Snapshot

As featured on :

clients
Trusted by Fortune 500
Over 30000+ subscribers