UK Radiofrequency Ablation Devices Market Size & Outlook
UK radiofrequency ablation devices market, 2018-2030 (US$M)
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UK radiofrequency ablation devices market highlights
- The UK radiofrequency ablation devices market generated a revenue of USD 260.3 million in 2023 and is expected to reach USD 566.9 million by 2030.
- The UK market is expected to grow at a CAGR of 11.8% 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 260.3 million |
| Market revenue in 2030 | USD 566.9 million |
| Growth rate | 11.8% (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, UK accounted for 5.5% 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 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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UK 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 UK radiofrequency ablation devices market based on disposable equipment, capital equipment, reusable equipment covering the revenue growth of each sub-segment from 2018 to 2030.
High per capita income, presence of established healthcare system & healthcare professionals, proper access to care, availability of advanced devices, and favorable reimbursement policies are the key factors contributing to the growth of the market in the UK.
According to the Royal College of Radiologists, the number of ablative therapies is increasing in the country due to increasing incidence of cirrhosis or hepatocellular carcinoma leading to 3,000–5,000 ablation procedures annually. Medical coverage is available to 100% of the population, and healthcare is generally funded through national taxation.
The government sets the budget for National Health Service (NHS) on a 3-year cycle. Presence of well-trained & skilled surgeons, technological advancements, high adoption of minimally invasive surgeries, favorable government initiatives.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK radiofrequency ablation devices market , including forecasts for subscribers. This country databook contains high-level insights into UK radiofrequency ablation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK radiofrequency ablation devices market size, by component type, 2018-2030 (US$M)
UK Radiofrequency Ablation Devices Market Outlook Share, 2023 & 2030 (US$M)
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