Atrial Fibrillation Devices Market Analysis

Atrial Fibrillation Devices Market Analysis

EP ablation catheters segment in the atrial fibrillation devices market was valued at USD 1.55 billion in 2018 led by their wide use in atrial fibrillation procedure care units. Ablation catheters are currently the mainstream interface used in majority of regions across the globe. In addition, acceptance rate of catheter ablation system is steadily increasing due to growing procedural success rate in patients suffering from paroxysmal, persistent and permanent conditions of atrial fibrillation. A considerable proportion of patients suffering from acute atrial fibrillation mostly prefer minimally invasive surgeries and catheter ablation satisfies the condition thus, holding prominent share in the market.
 

The atrial fibrillation devices market for mapping and recording systems will showcase 14% growth rate through 2025. Modern advanced mapping systems used in AF ablation have revealed promising results and could pave the way to a new epoch of individual ablation and substrate characterization strategies. The recent technological enhancements in the mapping systems have resulted in better visualization of multiple catheters simultaneously, thus, propelling product demand. Increasing adoption rate of these devices in developed and emerging regions has resulted in an upward trajectory of growth.
 

The hospitals segment in the atrial fibrillation devices market crossed USD 2.48 billion in 2018. A substantial proportion of atrial fibrillation surgeries happen in hospital settings; thus, demand for these devices are the highest. The hospital end-use segment will continue to lead, due to rising number of multi-specialty hospitals and people’s preference for hospitals over other healthcare settings.
 

The cardiac centers segment is estimated to attain a CAGR of 15.2% till 2025. cardiac centers are being the most preferred setting in developed as well as developing countries. Hence, usage of advanced technologies in clinics and surgical centers should propel the industry progression.
 

Germany atrial fibrillation devices market is expected to increase with growing application of minimally invasive catheter ablation procedures. Additionally, approachable reimbursement scenario of the country should boost the demand for innovative atrial fibrillation devices. 
 

U.S. market size was over USD 2.25 billion in 2018 driven by the country being the primary new technology adopter as well as for being the most developed region to provide state of art facilities for atrial fibrillation procedures. It will witness modest growth credited to relatively low addressable needs.
 

China atrial fibrillation devices market is poised to expand at more than 17.6% CAGR by 2025 impelled by the rising prevalence of cardiac diseases due to sudden transition of lifestyle-related habits and growing trends of tobacco intake in millennials. Furthermore, expansion of new healthcare facilities, development of hospitals, and growing acceptance of private clinics have spurred the industry revenue. Current unmet need and increasing number of baby boomers who are prone to cardiac diseases are primary factors to stimulate the market progression during the forecast timeframe.