Atrial Fibrillation Devices Market Size

Atrial Fibrillation Devices Market Size

Atrial Fibrillation Devices Market size surpassed USD 5 billion in 2018 and is anticipated to grow at over 14.2% CAGR from 2019 to 2025. Also, the number of atrial fibrillation devices sold were around 1.5 million units in 2018 and will reach approximately 4 million units by 2025.

Rising adoption rate of advance technologies and presence of sophisticated healthcare infrastructure will be the major factors driving the atrial fibrillation devices market growth. Moreover, rising geriatric population in the North American region will augment the market expansion. Furthermore, availability of favorable reimbursement scenario in developed regions should prove to be high impact rendering factor.
 

Increasing prevalence of cardiovascular diseases in developing regions owing to surge in sedentary lifestyle and increasing habit of binge eating will fuel acceptance rates in developed as well as in certain areas in developing nations.

However, high price of devices will be one of the major reasons impeding the adoption rates in under-developed and few developing countries. High price factor will continue to hinder the atrial fibrillation devices market value during the forecast timeframe. Also, lack of obligatory infrastructure to conduct smooth atrial fibrillation procedures in certain emerging regions might hamper the industry expansion.