RADIOFREQUENCY ABLATION DEVICES MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Radiofrequency Ablation Devices Market Analysis:

During the study period of 2022–2027, it is anticipated that the Radiofrequency Ablation Devices market will experience a significant Compound Annual Growth Rate (CAGR) of 10.4%. The COVID-19 pandemic had a global impact on healthcare systems, resulting in the disruption of regular care in numerous healthcare facilities. This exposed vulnerable cancer patients to significant risks. A study titled “Impact of the COVID-19 Pandemic on Cancer Care: A Global Collaborative Study,” published in 2020, reported several challenges in delivering cancer care based on a survey of 356 centers from 54 countries across six continents that participated between April 21 and May 8, 2020. These centers serve 716,979 new patients with cancer every year. The majority of centers (88.2%) reported facing challenges in delivering care during the pandemic. Although 55.34% of the centers reduced their services as part of a preemptive strategy, other common reasons included an overwhelmed system (19.94%), lack of personal protective equipment (19.10%), staff shortage (17.98%), and restricted access to medications (9.83%). Furthermore, catheter ablation procedures for atrial fibrillation (AF) were significantly reduced during the peak of the COVID-19 pandemic to conserve healthcare resources and limit exposure. According to the study “Rebooting atrial fibrillation ablation in the COVID-19 pandemic,” published in February 2021, there were no cases of ablation-related COVID-19 transmission in the study population. However, there were fewer transesophageal echocardiography procedures performed in 2020 compared to 2019, despite a higher prevalence of persistent arrhythmia in 2020, indicating that healthcare resources were redirected towards COVID-19 care. Consequently, fewer ablation procedures were performed, negatively impacting the market. Thus, such circumstances significantly affected the market’s growth rate throughout the initial pandemic phase.

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