USD 1.29 billion
Cardiac Ablation Market Size, Share, Growth Analysis, By Product(Radiofrequency (RF), Ablators, Electrical ablators, Cryoablation devices), By Application(Atrial fibrillation & flutter, Tachycardia, and Others), By Approach(Catheter-based, and Open/Surgical), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2459 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
92
|Figures:
66
Cardiac Ablation Market Insights
Cardiac Ablation Market size was valued at USD 1.29 billion in 2021 and is poised to grow from USD 1.45 billion in 2022 to USD 3.70 billion by 2030, growing at a CAGR of 14.2% in the forecast period (2023-2030).
Elevated caffeine intake, sedentary lifestyle adoption, excessive alcohol and tobacco consumption, substance misuse, and smoking tendencies are anticipated contributors to the escalating prevalence of cardiac disorders. The World Health Organization (WHO) reports an annual toll of over 1.9 million global deaths linked to tobacco-induced cardiac ailments. The American Heart Association (AHA) estimates that cardiovascular diseases result in nearly 800,000 annual fatalities in the U.S., with 20% attributed to cigarette smoking. Technological progress and heightened awareness of ablation device treatments are propelling market growth.
The Cardiac Ablation sector experienced a moderate setback due to the COVID-19 pandemic, stemming from healthcare facility disruptions and treatment availability challenges. Governments have introduced measures to bolster the industry, while major corporations have pioneered novel strategies and technologies to stabilize operations, ultimately fostering significant market expansion in the projected period.
Cardiac arrhythmia, with multifaceted origins, encompasses factors like pre-existing medical conditions (e.g., diabetes, hypertension), mental stress, heart disorders, and advanced age, alongside lifestyle-associated aspects such as smoking, alcohol, drug misuse, excessive caffeine, and dietary supplements. Cardiac ablation serves extensive purposes in cardiac rhythm management, open surgery, and other domains.
US Cardiac Ablation Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Catheter-based
Fastest Growth
Catheter-based
Growth Rate
14.2% CAGR
Global Cardiac Ablation Market ($ Bn)
Country Share for North America Region (%)
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Cardiac Ablation Market Segmental Analysis
The global Cardiac Ablation market is segmented on the basis of Product, Application, Approach, End – Use, Region. By Product, the market is segmented into Radiofrequency (RF), Ablators, Electrical ablators, Cryoablation devices, Ultrasound ablators, Others. By Application, the market is segmented into Atrial fibrillation & flutter, Tachycardia, Others. By Approach, the market is segmented into Catheter-based, Open/Surgical. By End – User, the market is segmented into Hospitals, Ambulatory surgical centers, Cardiac centers, Others. By Region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Cardiac Ablation Market Analysis By Application
The global cardiac ablation market's classification based on application encompasses cardiac rhythm management, open surgery, and other applications. Within the cardiac rhythm management segment, further subdivisions include atrial fibrillation & flutter, cardiac arrhythmia, and tachycardia. Notably, the cardiac rhythm management segment is poised to exhibit substantial revenue expansion throughout the forecast period, propelled by a multitude of technological advancements.
The utilization of monitoring devices within this segment notably enhances service efficiency while fostering an improved doctor-patient relationship. These devices are meticulously designed to facilitate comprehensive disease analysis, diagnosis, and subsequent treatment strategies. A pivotal advantage lies in the early detection of any aberrations in heart activity, crucial for the effective implementation of therapeutic interventions. Additionally, the integration of cloud-based management systems within hospitals augments database administration, thereby streamlining operations with heightened efficiency and effectiveness.
The prevalence of Non-Communicable Diseases (NCDs) is increasingly exacerbated by unhealthy dietary habits, excessive alcohol consumption, smoking, and sedentary lifestyles. This surge in NCD prevalence stands as a primary catalyst amplifying the growth of the cardiac rhythm management segment. By addressing the pressing need for early detection and efficient management of cardiac irregularities, this segment is poised to play a pivotal role in reshaping the landscape of cardiac care. Overall, the intricate amalgamation of technological strides and growing health concerns underscores the projected robust expansion of the cardiac rhythm management segment within the global cardiac ablation market.
Cardiac Ablation Market Analysis By End - Use
The global cardiac ablation market has been categorized by its end-use into hospitals, cardiac centers, ambulatory surgical centers, and other healthcare facilities. Among these segments, the hospital segment is poised to demonstrate a remarkable surge in revenue growth throughout the projected period. This notable expansion is primarily attributed to the escalating investments in high-value healthcare initiatives by diverse pharmaceutical enterprises and the growing prevalence of collaborative efforts. Furthermore, rapid advancements in medical technology, particularly concerning minimally invasive surgical techniques, contribute significantly to the enhanced revenue trajectory of this segment.
A case in point is the development of BioSig Technologies, Inc., an avant-garde digital signal processing technology company specializing in intracardiac signal visualization through its proprietary PURE EP System. A significant milestone was achieved on October 7, 2022, when the prestigious San Antonio Methodist Hospital, a prominent medical center, adopted the PURE EP System. This innovative system, designed to enhance accuracy and precision in arrhythmia care, exemplifies the ongoing technological progress driving the hospital segment's growth.
In conclusion, the hospital segment within the global cardiac ablation market is set to experience substantial expansion due to a convergence of factors, including increased healthcare investments by pharmaceutical entities, collaborative ventures, and noteworthy strides in cutting-edge medical technologies. The notable adoption of advanced systems like the PURE EP System by renowned medical centers further underscores the segment's potential for revenue augmentation.
Global Cardiac Ablation Market By Approach
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Cardiac Ablation Market Regional Insights
Anticipated to hold the predominant share of revenue in the global cardiac ablation market throughout the forecast period, North America's prominence stems from its robust presence of leading pharmaceutical and medical equipment entities. A surge in clinical trials, favorable healthcare reimbursement policies, and substantial investments in the advancement of cardiac ablators collectively bolster the revenue trajectory in the region. The augmentation is further accentuated by a burgeoning array of product launches infused with cutting-edge technological innovations.
In Europe, the cardiac ablation market is poised for a consistent growth rate across the forecast span, underpinned by an escalating awareness about advanced treatment options and their swift adoption. Complementary governmental initiatives and collaborative endeavors by enterprises to render cost-effective therapies contribute significantly to the regional market's expansion. An illustrative instance is Biosense Webster's announcement in October 2021 regarding the successful application of a radiofrequency balloon ablation catheter across European sites, substantiating the region's steady progress in catheter-based cardiac electrophysiology (EP) mapping and ablation.
Meanwhile, the Asia Pacific market is set to exhibit rapid revenue escalation during the forecast period. A medley of factors propels this growth, encompassing an aging populace, heightened cardiovascular disease prevalence, swift integration of ablation-based cardiovascular treatments, and a burgeoning landscape of ablation product manufacturers. China and India have emerged as sought-after hubs for cardiac ablation product manufacturing and distribution. Pertinently, the World Heart Federation underscores cardiovascular disease as a prominent cause of fatalities in the South-East Asian region, accentuating the grim toll inflicted by risk factors like air pollution, hypertension, and unhealthy diets. This scenario fuels approximately one-third of annual fatalities, with air pollution alone accounting for 17% of all mortalities and 28% of cardiovascular disease-related deaths.
Global Cardiac Ablation Market By Geography
- Largest
- Fastest
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Cardiac Ablation Market Dynamics
Cardiac Ablation Market Drivers
Advancements in Ablation Technologies
- Technological breakthroughs are enhancing the effectiveness and safety of cardiac ablation procedures, attracting both patients and healthcare providers.
Patient Preference for Non-Pharmacological Therapies
- Patients are increasingly seeking non-pharmacological treatment options, contributing to the demand for cardiac ablation.
Cardiac Ablation Market Restraints
Lack of Skilled Professionals
- Performing cardiac ablation procedures requires specialized training, and a shortage of skilled professionals can hinder market growth.
Procedural Risks
- Despite advancements, there are still potential risks associated with cardiac ablation procedures, including complications such as bleeding, infection, and damage to surrounding tissues.
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Cardiac Ablation Market Competitive Landscape
The competitive landscape of the global Cardiac Ablation market is characterized by intense rivalry among prominent players striving to innovate and capture a larger market share. Leading medical device companies such as Medtronic, Biosense Webster (a subsidiary of Johnson & Johnson), Boston Scientific Corporation, and Abbott Laboratories dominate the market with their extensive product portfolios and strong global presence. These companies compete through continuous research and development, technological advancements, and strategic acquisitions to offer cutting-edge cardiac ablation solutions.
Emerging players, including AtriCure, MicroPort Scientific Corporation, and Biotronik SE & Co. KG, are rapidly gaining traction by focusing on niche markets, introducing novel ablation techniques, and expanding their geographical reach. The integration of robotics, artificial intelligence, and real-time mapping technologies by these competitors is reshaping the treatment landscape and intensifying the competition.
Collaborations with healthcare institutions, clinical trials, and regulatory approvals play a pivotal role in shaping the competitive dynamics. Moreover, the increasing demand for personalized treatment approaches and patient-centric solutions has led to a surge in innovative startups and smaller players aiming to carve out niches within the market. Overall, the global Cardiac Ablation market remains vibrant and dynamic, marked by a constant influx of advancements and strategies from established players and new entrants alike.
Cardiac Ablation Market Top Player’s Company Profile
- Abbott Laboratories - USA
- AtriCure, Inc. - USA
- MicroPort Scientific Corporation - China
- St. Jude Medical, Inc. (now part of Abbott) - USA
- Biotronik SE & Co. KG - Germany
- Stereotaxis, Inc. - USA
- Osypka Medical GmbH – Germany
Cardiac Ablation Market Recent Developments
- The acquisition is anticipated to expand the company's current cardiac ablation portfolio by including its first-ever cardiac mapping and navigation platform, which would include a unique, fully integrated diagnostic, focused pulsed field, and radiofrequency ablation solution. Medtronic, a well-known global leader in healthcare technology, acquired Affera, Inc. on August 23, 2022.
- On September 6, 2022, Johnson & Johnson MedTech, a division of Biosense Webster, Inc., introduced the OCTARAY Mapping Catheter with TRUEref Technology powered by CARTO 3 Version 7 System. For mapping cardiac arrhythmias including atrial fibrillation (AFib), the OCTARAYTM Mapping Catheter was created.
Cardiac Ablation Key Market Trends
- Minimally Invasive Procedures: There's a growing preference for minimally invasive techniques, reducing patient discomfort, hospital stays, and recovery time.
- Integration of Robotics: Robotic-assisted catheter ablation is gaining traction, enabling greater precision and maneuverability during procedures.
Cardiac Ablation Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global cardiac ablation market analysis, the advancements in medical technology and a rising prevalence of cardiac arrhythmias are the key growth drivers promoting growth. Conclusive trends in this market reveal a surge in minimally invasive procedures, driven by patient preference for shorter recovery times and reduced risks. Radiofrequency ablation continues to dominate the landscape, owing to its proven efficacy and safety profile. Additionally, the adoption of catheter ablation techniques has expanded, with a growing focus on personalized treatment approaches and enhanced mapping technologies. The market's future appears promising, with an increasing aging population and escalating cardiovascular diseases contributing to sustained demand. However, challenges such as regulatory complexities and cost constraints could influence market dynamics. To maintain growth, industry players must prioritize innovation, research, and collaboration to ensure safer, more effective, and accessible cardiac ablation therapies worldwide.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 1.29 billion |
| Market size value in 2030 | USD 3.70 billion |
| Growth Rate | 14.2% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cardiac Ablation Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cardiac Ablation Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cardiac Ablation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cardiac Ablation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cardiac Ablation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cardiac Ablation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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