Brazil Radiofrequency Ablation Devices Market Size & Outlook
Brazil radiofrequency ablation devices market, 2018-2030 (US$M)
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Brazil radiofrequency ablation devices market highlights
- The Brazil radiofrequency ablation devices market generated a revenue of USD 236.4 million in 2023 and is expected to reach USD 490.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, disposable equipment was the largest revenue generating component type in 2023.
- Disposable Equipment is the most lucrative component type segment registering the fastest growth during the forecast period.
Radiofrequency ablation devices market data book summary
| Market revenue in 2023 | USD 236.4 million |
| Market revenue in 2030 | USD 490.9 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Disposable equipment |
| Fastest growing segment | Disposable Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Disposable Equipment, Capital Equipment, Reusable Equipment |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, Stryker Corp, Abbott Laboratories, Smith & Nephew PLC, Johnson & Johnson, AngioDynamics Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 5.0% of the global radiofrequency ablation devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil radiofrequency ablation devices market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 269.0 million by 2030.
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Radiofrequency Ablation Devices Market Scope
Radiofrequency Ablation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil radiofrequency ablation devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to radiofrequency ablation devices market will help companies and investors design strategic landscapes.
Disposable equipment was the largest segment with a revenue share of 42.77% in 2023. Horizon Databook has segmented the Brazil radiofrequency ablation devices market based on disposable equipment, capital equipment, reusable equipment covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil accounted for a share of more than 42% of the Latin American market in 2018. The growth of this market can be attributed to the increasing adoption of advanced technologies, growing inclination toward minimally invasive surgical procedures, and high unmet healthcare needs. Prevalence of atrial fibrillation increases with advancing age.
Therefore, increasing geriatric population, along with rising number of people suffering from chronic ailments, is contributing to market growth. According to World crunch, by 2050, Brazil is likely to have ~66 million people above the age of 60.
According to NCBI, the prevalence of atrial fibrillation in primary care patients in the country was estimated to be 1.8%. Brazil is a major economy in the region that would boost the growth of the radiofrequency ablation devices market during the forecast period. It has the sixth largest GDP in the world.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil radiofrequency ablation devices market , including forecasts for subscribers. This country databook contains high-level insights into Brazil radiofrequency ablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil radiofrequency ablation devices market size, by component type, 2018-2030 (US$M)
Brazil Radiofrequency Ablation Devices Market Outlook Share, 2023 & 2030 (US$M)
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