Introduction
Nerves are the vital part of the body, responsible for carrying signals from different parts of the body to the brain. The nerves carry electrical signals that act on actions such as pain and other movements of the body. The nerve ablation devices are used to treat patient by minimally invasive procedures, where a microelectrode is inserted inside the patient to heat the nerve tissue. The nerve ablation devices help to provide relief to the patients suffering from pain in the back or neck, arthritic joints and others. The treatment through nerve ablation devices is done by the following procedure as the patient suffering from pain is monitor under x-ray to check the pain area, then the local anesthetic is provided, show that the treatment can be easily done in the pain area. The microelectrode is inserted at the area of pain, and low voltage radiofrequency current is applied to treat the targeted nerves.
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Nerve Ablation Devices Market: Drivers and Restraints
The nerve ablation devices market is expected to witness significant growth over the forecast period due to the increasing number of patients suffering pain. According to the U.S. Department of Health and Human Services, NIH in recent year approx. 40 million adults are suffering from severe pain and approx. 25.3 million of adult’s population are suffering from pain every day for previous 3 months. Likewise, the number of patients being diagnosed for pain due to arthritis are 54.4 million, according to CDC (Centers for Disease Control and Prevention) in the U.S., which is consequently expected to boost the growth of the market for nerve ablation devices. However, the high cost of nerve ablation devices is the prime factor expected to hamper the growth of the nerve ablation devices market.
Nerve Ablation Devices Market: Regional Outlook
Geographically, the global nerve ablation devices market is segmented into North America, Latin America, Europe, CIS & Russia, Japan, Asia-Pacific excluding Japan (APEJ) and the Middle East & Africa (MEA). North America is expected to hold major share in the global nerve ablation devices market due to growing patient pool suffering from pain and improved medical system with reimbursement scenario.
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Nerve Ablation Devices Market: Key Players
The global market for nerve ablation devices market is highly fragmented. Examples of some of the key players operating in the global nerve ablation devices market are
- Medtronic
- Boston Scientific Corporation
- St. Jude Medical (sub. of Abbott)
- AtriCure Inc.
- AngioDynamics
- Stryker
- and Halyard Health Inc.
- among others.
Nerve Ablation Devices Market: Segmentation
Tentatively, the global nerve ablation devices market can be segmented on the basis of product type, application, end users, and geography.
Based on product type, the global nerve ablation devices market is segmented as:
- Microwave Nerve Ablation Devices
- Radiofrequency Nerve Ablation Devices
- Thermosphere Nerve Ablation Devices
Based on application, the global nerve ablation devices market is segmented as:
- Chronic Pain
- Lower Back Pain
- Others
Based on end users, the global nerve ablation devices market is segmented as:
- Hospitals
- Ambulatory Surgical Center
- Specialty Clinics
- Others
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