Global Cardiac Ablation Devices Market Overview:
MarkNtel Advisors recently released a detailed business study on the Global Cardiac Ablation Devices Market is projected to grow at a CAGR of around 16.53% during the forecast period, i.e., 2022-27. This comprehensive report covers historical data, current market trends, market size, marketing strategies, technological innovations, upcoming technologies, emerging trends and opportunities, as well as advancements in the related industry.
Insights into Dominant Segments in the Cardiac Ablation Devices Market
The thorough analysis of the Cardiac Ablation Devices Market identifies lucrative opportunities across diverse segments. This meticulous segmentation enables potential investors to make informed decisions aimed at maximizing returns and strategic growth.
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-By Application
- Cardiac Rhythm Management
- Tachycardia
- Atrial Fibrillation and Flutter
- Open Surgery
Atrial Fibrillation and flutter witnessing astronomical growth in the global market as it is among the most common heart rhythm disorder among the geriatric population, owing to which the risk of heart failure and stroke has increased substantially. In 2017, around 37.57 million prevalent cases and 3.05 million incident cases of AF were projected globally. The surging approval by the government on ablation devices to treat AF and substantial rise in death rates from atrial fibrillation especially in Europe, North America, and the Asia-Pacific region are thriving the market growth. Moreover, the soaring number of ablation device manufacturers across the developing countries the significant surge in the prevalence rate of atrial fibrillation among Medicare fee-for-service (FFS) beneficiaries are expected to fuel the market growth for cardiac ablation devices in the forthcoming period. Around 1–3% of the population suffers from atrial fibrillation (AF) in Europe. 14.4 million people over 65 in the EU are expected to have AF by 2060.
-By Product
- Water-cooled radiofrequency ablation
- Temperature-Controlled Radiofrequency Ablators
- Tissue Contact Probes
- Microwave Thermotherapy Devices
- Others (Robotic Catheter Manipulation Systems, Ultrasound Ablation Systems, etc.)
-By Technology
- Radiofrequency (RF) Ablation
- Cryoablation Device
- Laser Ablation
- Electrical Ablators
- Microwave Ablation
- Ultrasound Ablation
-By End-Users
- In-patient
- Outpatient
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Cardiac Ablation Devices Market Geographical Reach:
The Next Generation Anode Materials Market Geographical Reach assesses the distribution and prominence of consumption, highlighting regions that dominate in terms of market size, volume, and promising future growth prospects.
-By Region
- North America
- South America
- Europe
- Middle East Africa
- Asia-Pacific
Prominent Cardiac Ablation Devices Market Competitive Landscape and Their Strategic Outlook
The Prominent Cardiac Ablation Devices Market Competitive Landscape examines key players and their strategic initiatives within the industry. This analysis provides insights into competitive dynamics, business strategies, innovations, and infrastructure investments, forecasting their market presence and trajectory over the coming years.
- Abbott Laboratories
- Medtronic plc
- Olympus Corporation
- Johnson Johnson (Biosense Webster, Inc.)
- Boston Scientific Corporation
- CONMED Corporation
- AngioDynamics, Inc.
- CardioFocus Inc.
- Stryker Corporation
- MicroPort Inc.
- Stereotaxis Inc.
- Teleflex Incorporated
- Lepu Medical Technology
- Avanos Medical
- AtriCure
- Others
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Recent Developments by Leading Companies
- In 2022, Medtronic acquired Affera Inc. to expand its cardiac ablation portfolio. Affera designs manufactures electrophysiology (EP) cardiac mapping navigation systems and catheter-based cardiac ablation technologies. The company aims to establish its footprint in the cardiac ablation space.
- In 2020, Biosense Webster launched CARTO 3 System Version 7 and the CARTO PRIME mapping module to advance the treatment of complex arrhythmias. CARTO PRIME is powered with improvised mapping capabilities that help significantly reduce ablation times compared to standard mapping algorithms.
- In 2020, Boston Scientific Corporation acquired Farapulse, Inc., a privately-held company developing a pulsed-field ablation (PFA) system for the treatment of atrial fibrillation (AF) and other cardiac arrhythmias.
Key Questions Addressed in the Report
Current Market Size and Share: What is the current size and market share of the Cardiac Ablation Devices Market, and what are the growth trends anticipated in the near future?
Demand Drivers: What factors are driving the demand for Cardiac Ablation Devices, and how are consumer preferences evolving?
Market Forecast: What is the projected growth trajectory of the Cardiac Ablation Devices Market in terms of size, CAGR, and emerging trends over the next several years?
Competitive Landscape: Who are the key players in the Cardiac Ablation Devices market, what are their strategies, and how are they positioned to compete effectively?
Technological Advancements: What technological innovations are shaping the Cardiac Ablation Devices industry, and how are they influencing market dynamics and consumer behavior?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 5.8 diverse industrial verticals.
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