South Africa Radiofrequency Ablation Devices Market Size & Outlook
South Africa radiofrequency ablation devices market, 2018-2030 (US$M)
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South Africa radiofrequency ablation devices market highlights
- The South Africa radiofrequency ablation devices market generated a revenue of USD 117.7 million in 2023 and is expected to reach USD 251.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11.5% 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 117.7 million |
| Market revenue in 2030 | USD 251.5 million |
| Growth rate | 11.5% (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, South Africa accounted for 2.5% 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 Middle East & Africa, South Africa radiofrequency ablation devices market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 198.9 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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South Africa 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 42.82% in 2023. Horizon Databook has segmented the South Africa radiofrequency ablation devices market based on disposable equipment, capital equipment, reusable equipment covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa held the largest share of the market in the MEA region in 2018. Rising healthcare spending, growing prevalence of cardiac conditions, such as atrial fibrillation & caner, along with increasing number of minimally invasive surgeries are expected to propel market growth in South Africa during the forecast period.
According to The South African Medical Journal, the prevalence of atrial fibrillation in the urban black population of South Africa has been documented to be 7%. The government in this country has been adopting measures to improve the state of healthcare facilities.
According to WHO, 2013, the public healthcare system receives funding from the national budget. The government allocates 11% of the resources to the healthcare sector as a share of total government expenditures. There are more than 200 private hospitals and over 400 public hospitals in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa radiofrequency ablation devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa radiofrequency ablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa radiofrequency ablation devices market size, by component type, 2018-2030 (US$M)
South Africa Radiofrequency Ablation Devices Market Outlook Share, 2023 & 2030 (US$M)
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