Canada Radiofrequency Ablation Devices Market Size & Outlook
Canada radiofrequency ablation devices market, 2018-2030 (US$M)
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Canada radiofrequency ablation devices market highlights
- The Canada radiofrequency ablation devices market generated a revenue of USD 412.0 million in 2023 and is expected to reach USD 879.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.4% 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 412.0 million |
| Market revenue in 2030 | USD 879.8 million |
| Growth rate | 11.4% (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, Canada accounted for 8.6% 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 North America, U.S. radiofrequency ablation devices market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,372.8 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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Canada 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 42.79% in 2023. Horizon Databook has segmented the Canada radiofrequency ablation devices market based on disposable equipment, capital equipment, reusable equipment covering the revenue growth of each sub-segment from 2018 to 2030.
Canada accounted for more than 11.0% market share in North America and is anticipated to witness 10.7% growth during the forecast period. Rising prevalence of chronic pain conditions, cancer, rising geriatric population, and easy access to highly effective radiofrequency ablation devices to cure the disease will boost the growth of the market.
According to Canadian Agency for Drugs and Technologies in Health, every year 4,500 people are diagnosed with kidney cancer and 1,500 of them die from this disease in Canada. In April 2017, Medtronic launched OsteoCool RF ablation system in Canada for the indication of bone metastases.
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Our clientele includes a mix of radiofrequency ablation devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada radiofrequency ablation devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada radiofrequency ablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada radiofrequency ablation devices market size, by component type, 2018-2030 (US$M)
Canada Radiofrequency Ablation Devices Market Outlook Share, 2023 & 2030 (US$M)
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