Allied Market Research

2024

Cardiac Ablation Devices Market

Cardiac Ablation Devices Market Size, Share, Competitive Landscape and Trend Analysis Report by Product (Radiofrequency (RF) Ablators, Electrical Ablators, Cryoablation Devices, Ultrasound Ablators, Microwave Ablators), by Technology (• Radiofrequency (RF) Ablation, Cryoablation, Electrical Ablation, Ultrasound Ablation, Microwave Ablation, Others), by Function (Automated, Conventional) and by Application (Cardiac Rhythm Management, Cardiac Arrhythmia, Atrial Fibrillation and Flutter, Tachycardia, Open Surgery): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Roshan Deshmukh
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Cardiac ablation is a medical procedure that can correct cardiac arrythmias through scarring small areas in the heart. Cardiac arrythmias occur when the electrical signals that control the heartbeats are misfunctioning. As a result, the heartbeats become abnormal and if left untreated, may lead to stroke or heart failure and is one of the leading causes of death. There are various factors that can be associated with the cardiac arrythmia. These include pre-existing medical conditions such as diabetes, hypertension, hyperthyroidism, mental stress, heart conditions, old age, and other such factors as well as lifestyle associated factors such as smoking, alcohol abuse, drug abuse, excessive caffeine consumption, and others. Furthermore, consumption of some dietary supplements, herbal treatments, and some medicine may also lead to cardiac arrythmia. Thus, one of the successful treatments that follows to treat such conditions includes cardiac ablation. The cardiac ablation procedure being minimally invasive, is less painful than conventional surgical operations, and leads to shorter recovery time. Over the last decade, cardiac ablation devices have undergone various technical advancements, thereby aiming for better ablation outcomes and reliability.

The global cardiac ablation devices market is anticipated to register substantial growth, attributed to the rise in geriatric population and increase in population base of cardiovascular diseases. In addition, various technological advancements in ablation devices and arrythmia diagnostic devices further drive the growth of the market. However, risk of complications associated with the procedure such as damage to blood vessels, damage to heart valves, infection, venous thromboembolism, and other such complications restrain the growth of the market. Furthermore, rise in prevalence of hospital-acquired infections associated with catheters further restrict the market growth. In contrast, introduction of advanced robotic technologies in cardiac ablation makes the process safer and more accurate, offering high growth opportunities to key players. In addition, the growing market penetration of ablation product manufacturers across developing countries also offers high growth opportunities for the global cardiac ablation device market.

The cardiac ablation devices market is segmented on the basis of product, technology, function, application, and region. Based on product, the market is segmented as radiofrequency ablators, electrical ablators, cryoablation devices, ultrasound ablators, and microwave ablators. Based on technology, the market is bifurcated into radiofrequency ablation, electrical ablation, cryoablation, ultrasound ablation, microwave ablation, and others. Based on function, the market is segmented as automated and conventional. Depending on the application, the market is classified into cardiac rhythm management, open surgery, and others. Cardiac rhythm management is further sub-segmented into cardiac arrhythmia, atrial fibrillation & flutter, tachycardia. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The report provides a comprehensive analysis of the key players operating in global cardiac ablation devices market such as Abbott Laboratories, Alcon Laboratories Inc., Stryker Corporation, Olympus Corporation, MicroPort Inc., Boston Scientific Corporation, CardioFocus Inc., Johnson & Johnson (Biosense Webster, Inc.), Advanced Cardiac Therapeutics, and CONMED Corporation. Other players in the value chain includes Medtronic Plc, AngioDynamics, Inc., Therapeutics, Inc., AtriCure, Inc., Toray Industries, Inc., and others.

KEY BENEFITS FOR STAKEHOLDERS:

  • An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the global cardiac ablation devices market is provided.
  • Region-wise and country-wise cardiac ablation devices market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current market trends and future market potential in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the cardiac ablation devices market are profiled in this report, and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of global Cardiac Ablation Device Market.

Cardiac Ablation Devices Market Report Highlights

Aspects Details
Cardiac Ablation Devices Market By Product
By Product
  • Radiofrequency (RF) Ablators
  • Electrical Ablators
  • Cryoablation Devices
  • Ultrasound Ablators
  • Microwave Ablators
Cardiac Ablation Devices Market By Technology
By Technology
  • • Radiofrequency (RF) Ablation
  • Cryoablation
  • Electrical Ablation
  • Ultrasound Ablation
  • Microwave Ablation
  • Others
Cardiac Ablation Devices Market By Function
By Function
  • Automated
  • Conventional
Cardiac Ablation Devices Market By Application
By Application
  • Cardiac Rhythm Management
  • Cardiac Arrhythmia
  • Atrial Fibrillation and Flutter
  • Tachycardia
  • Open Surgery
Cardiac Ablation Devices Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

CardioFocus Inc., Stryker Corporation, Abbott Laboratories, MicroPort Inc., CONMED Corporation., Advanced Cardiac Therapeutics, Olympus Corporation, Johnson & Johnson (Biosense Webster, Inc.), Boston Scientific Corporation, Alcon Laboratories Inc.

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Cardiac Ablation Devices Market

Global Opportunity Analysis and Industry Forecast, 2023-2032