Germany Radiofrequency Ablation Devices Market Size & Outlook
Germany radiofrequency ablation devices market, 2018-2030 (US$M)
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Germany radiofrequency ablation devices market highlights
- The Germany radiofrequency ablation devices market generated a revenue of USD 199.3 million in 2023 and is expected to reach USD 442.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 12.1% 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 199.3 million |
| Market revenue in 2030 | USD 442.6 million |
| Growth rate | 12.1% (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, Germany accounted for 4.2% 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 Europe, UK radiofrequency ablation devices market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 442.6 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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Germany 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 42.8% in 2023. Horizon Databook has segmented the Germany radiofrequency ablation devices market based on disposable equipment, capital equipment, reusable equipment covering the revenue growth of each sub-segment from 2018 to 2030.
Germany accounted for the largest share of the radiofrequency ablation devices market in Europe in 2018 due to technological advancements, high government spending on healthcare, standardized procedures to treat cancers, such as endometrial cancer, liver cancer, and lung & kidney cancer.
According to NCBI, in Germany, ~6,500 women develop cervical cancer, and ~1,700 die due to this disease ever year. The country’s cancer screening program follows a decentralized system, wherein most decisions are made by mid- to lower-level managers.
The program involves maintenance of strict quality standards by medical specialists. Moreover, increase in geriatric population has led to a rise in the number of minimally invasive procedures in Germany.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany radiofrequency ablation devices market , including forecasts for subscribers. This country databook contains high-level insights into Germany radiofrequency ablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany radiofrequency ablation devices market size, by component type, 2018-2030 (US$M)
Germany Radiofrequency Ablation Devices Market Outlook Share, 2023 & 2030 (US$M)
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