Quick Overview of the Global Cardiac Ablation Devices Market Analysis
The recent analytical report published by MarkNtel Advisors (a leading consulting, data analytics, and market research firm), Global Cardiac Ablation Devices Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Market Insights & Analysis: Global Cardiac Ablation Devices Market (2022-27):
According to the latest report, the Global Cardiac Ablation Devices Market is anticipated to grow at a CAGR of around 16.53% during the forecast period, i.e., 2022-27. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geographical landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e 2022-27.
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Key Trend in the Global Cardiac Ablation Devices Market:
Adoption of Robotic Navigation Systems for Magnetic Cardiac Ablation: The Robotic Navigation System is 70% to 80% faster than the previous one & offers more flexibility. This system allows optimal catheter stability and reproducible catheter movements to obtain better results. The system has been efficient in doing ablation of both simple and complex arrhythmias, mainly atrial fibrillation. The usage of robotic navigation systems has been announced by several companies specializing in cardiac ablation devices. In addition, the FDA approval on their usage has also been registering an uptrend. For instance, the Stereotaxis robotic navigation of magnetic ablation catheter received FDA approval in 2020.
Market Bifurcations Based on Different Segments:
The Cardiac Ablation Devices Market covered in this report is segmented into:
-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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On the geographical front, the Cardiac Ablation Devices Market expands across the following:
-By Region
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Companies Listed in Cardiac Ablation Devices Market
- 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
Cardiac Ablation Devices Market Report Table of Contents Includes:
- Introduction
- Executive Summary
- Expert Verbatim- What our Experts Say?
- Cardiac Ablation Devices Management Market Pricing Analysis
- Competitive Outlook
- Disclaimer
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Reasons to Buy the Market Report
- The study incorporates insights to enlighten the stakeholders about the industry’s growth potential while learning the competitive scenario in the Cardiac Ablation Devices Marketto plan their strategic investments.
- The stakeholders can also get a hold of unbiased & accurate data into the dynamic interface of the industry to frame robust business strategies & investments utilizing the information cited.
- With the help of such data in this report, the investors can better understand the tactics used by the competitors to sustain the industry & establish dominance & profits over the years.
- The analysis further incorporates data that would offer efficiency to the investors in organizing their sales & marketing efforts by identifying the opportunities offered in the Cardiac Ablation Devices Market.
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