Internally Cooled Electrode Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Percutaneous radiofrequency ablation (RFA) has been practiced as a nonsurgical treatment for primary or secondary malignant hepatic tumors, as it provides more control on local tumors than other ablative techniques. The internally cooled electrode is used to treat the tumors. The RF current emitting area of the internally cooled needle has a white needle tip at the front end, along with a hollow water cooling system, which helps to achieve the circulating cooling for the RF needle tip. As compared with the non-internally cooled electrode, the internally cooled electrode includes the following advantages such as larger ablation range, less scab, and carbonization in the tissue at the needle tip. The electrode comes with different lengths of needle tip depending upon the size of the tumor to be treated like 2-cm-long exposed tips are usually used to treat 2 cm or smaller diameter tumors, whereas internally cooled electrodes with 3-cm-long exposed tips are used to treat tumors that are larger than 2 cm in diameter. It helps achieve more accurate ablation with minimal trauma, easy to puncture, and can be utilized for percutaneous puncture directly and cover a larger area than the non-water cooled electrode.

MARKET SCOPE

The "Global Internally Cooled Electrode Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the internally cooled electrode market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading internally cooled electrode market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on type, the global internally cooled electrode market is segmented into less than 1.5?, and 1.5?-2?.
  
•  On the basis of application, the market is bifurcated into radiofrequency ablation of liver and lung, radiofrequency ablation of thyroid and breast and others.
  

MARKET DYNAMICS

Drivers

•  Increasing prevalence of tumors and surge in minimally invasive surgeries drive the internally cooled electrode market growth.
  
•  Technological advancements in medical electrodes such as puncture with minimal trauma and rising incidences of liver carcinoma boost market growth.
  
•  Increasing research and development investments for medical devices and growing healthcare expenditure fuel the market growth.
  

Restraints

•  The dearth of awareness about the benefits of these devices.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The internally cooled electrode market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the internally cooled electrode market in these regions.

IMPACT OF COVID-19 ON INTERNALLY COOLED ELECTRODE MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The outbreak of COVID-19 has impacted the medical electrodes market as there were significant disruptions to businesses and economic activities across the world. The patient pool at hospitals, ambulatory surgery centers, and diagnostic laboratories has reduced significantly, resulting in reduced sales of electrode products. As the elective and non-essential procedures were canceled or postponed and only emergency surgeries were allowed, the market was further impacted. Overall, the above-mentioned factors had negatively impacted market growth.

MARKET PLAYERS

The report covers key developments in the internally cooled electrode market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from internally cooled electrode market are anticipated to have lucrative growth opportunities in the future with the rising demand for internally cooled electrode in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the internally cooled electrode market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Medsphere
  
•  Starmed
  
•  Cardiva
  
•  RF Medical
  
•  Boston Scientific Corporation
  
•  Medtronic
  
•  NovoMed Incorporation Pvt. Ltd.
  
•  BVM Medical
  
•  Vecmedical
  
•  Arthrex
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Internally Cooled Electrode Report Scope