Cardiac Ablation Devices Market to Witness 16.53% CAGR Boom Through 2022-27 – Latest MarkNtel Advisors Report

Market Overview: Cardiac Ablation Devices Market

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Cardiac Ablation Devices Market Insights 2022-27

The Cardiac Ablation Devices Market is estimated to grow at a CAGR of around 16.53% during the forecast period 2022-27.

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Driving Innovation: Exploring the Cardiac Ablation Devices Market and its Key Drivers
Key Driver: Surging Incidences of Atrial Fibrillation Worldwide

Atrial Fibrillation (AF) has been a common type of arrhythmia in which the heart beats rapidly or slowly. It can either result in strokes or heart failure and happens mainly due to excessive intake of alcohol & caffeine, sedentary lifestyle, smoking, consumption of dietary supplements, etc. Due to this, heart diseases, high blood pressure, chronic heart diseases, thyroid, obesity, etc., have increased substantially. AF often coexists with heart failure as well as obesity in the aging population.

Moreover, the prevalence of AF is higher among people aged 65 & above. The escalating geriatric population in both developed & developing countries like the US, Japan, countries of Western Europe, and India & China are expected to propel the incidence rate of AF in the coming years.

As a result, it would accelerate the demand for cardiac ablation devices over the forecast years. Japan, China, etc., are amongst the most impacted countries by AFib in 2022. With the continuous growth in the aging population in Japan, an estimated 1 million patients are expected to have AFib by 2030, as reported by the European Society of Cardiology.

Besides, the steady rise in AFib-related hospital admissions, mounting inclination toward cardiac ablation for AFib treatment, and investments made by several companies in this sector to maximize their revenue are other crucial aspects anticipated to drive the market during 2022-27.

In 2021, Boston Scientific acquired Farapulse for USD 295 million to expand its market share of cardiac Ablation devices. The company had been an investor of 27% in Farapulse since 2014, but the recent acquisition would provide 100% ownership to Boston Scientific.

Top Players in the 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

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Segmentation Analysis of Cardiac Ablation Devices Market

Cardiac Ablation Devices Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

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

  • Here, Cryoablation Devices acquired a considerable market share during 2017-20, and the same trend is anticipated to prevail over the forecast years.

By Application

-Cardiac Rhythm Management

-Tachycardia

-Atrial Fibrillation and Flutter

-Open Surgery

By End-Users

-In-patient

-Outpatient

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A Comprehensive Geographical Analysis:

By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

  • Of all regions globally, North America acquired the highest share in the Cardiac Ablation Device Market in the historical period since it is an early adopter of advanced technologies in cardiac ablation.
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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 15 diverse industrial verticals. 

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