Cardiac Ablation Market 2020 by industry trends, statistics, key companies growth and regional forecast
Category: #business  By Ronak Bora  Date: 2021-03-20
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Cardiac Ablation Market 2020 by industry trends, statistics, key companies growth and regional forecast

Cardiac Ablation Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Rising prevalence of cardiovascular diseases (CVDs) and increasing pace of population aging are offering momentum to the growth of cardiac ablation market size. Escalating cognizance regarding advanced therapies for CVDs has led to widespread adoption of cardiac ablation as a treatment modality. In addition, rise in number of patients with atrial fibrillation globally is likely to push the growth of cardiac ablation industry.

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A research study conducted by GMI., predicts that cardiac ablation market size is expected to surpass $6.5 billion by 2026.

Demand for cardiac ablation procedure is likely to mount owing to increasing cases of cardiovascular diseases and expanding geriatric population pool. As per the Centers for Disease Control and Prevention, one death happens every second due to some type of cardiovascular disease in the U.S. Drug therapy solely cannot alleviate certain disorders and require cardiac ablation for quicker recovery and better results. Heightening adoption of advanced treatment procedures will augment cardiac ablation market size in the ensuing years.

Cardiac ablation market is likely to accumulate considerable proceeds from ambulatory surgical centers. Patients are increasingly opting for cardiac ablation procedure in ambulatory surgical centers on account of the availability of expert healthcare professionals, improving quality of healthcare services, short procedure length, and cost-effectiveness offered by these healthcare centers. Advancing healthcare infrastructure and easy accessibility of ambulatory surgical centers, especially in developed economies will remarkably stimulate cardiac ablation market trends.

Among the various types of ablators, such as radiofrequency, ultrasound, cryoablation, and others, ultrasound ablators are witnessing substantial demand. These devices are being extensively used for intracardiac visualization of cardiac physiology due to their easy-to-use feature and cost-effectiveness. Rise in awareness about the benefits of ultrasound ablators and increasing expenditure on healthcare will accelerate product adoption. The ultrasound ablators segment is likely to register a 14% CAGR over 2020-2026.

Incidents of cardiovascular diseases in Germany are increasing at a high rate. People are becoming more aware about the availability of advanced medical facilities for effective treatment of such diseases. Germany is one of the economically and technologically developed countries with the presence of several major cardiac ablation industry players. The regional industry players are endeavoring to expand their geographical footprints by acquiring domestic firms, which will offer expeditious growth opportunities to cardiac ablation market. Germany cardiac ablation industry is slated to record a 12.7% CAGR over the forecast period.

Cardiac ablation market participants are pursuing various business strategies, such as product innovations, collaborations, mergers to strengthen their foothold in the market. For instance, in April 2018, MicroPort Scientific Corporation acquired cardiac rhythm management arm of LivaNova to extend its cardiovascular portfolio. The acquisition helped the company reinforce its presence in the electrophysiology industry.

Another instance of similar efforts is the acquisition of EPIX Therapeutics, Inc. by Medtronic. The acquisition was aimed at accelerating the development of treatment for cardiac arrhythmias in the near future. Some notable industry players operating in cardiac ablation market are Boston Scientific Corporation, Stereotaxis, Inc., and Abbott Laboratories (St. Jude Medical) among other players. 

Browse full table of contents (TOC) of this report @  https://www.decresearch.com/toc/detail/cardiac-ablation-market

Partial Chapter of the Table of Content 

Chapter 4. Cardiac Ablation Market, By Product

4.1. Key segment trends

4.2. Radiofrequency (RF) ablators

4.2.1.  Market size, by region, 2015 - 2026 (USD Million)

4.3. Electric ablators

4.3.1.  Market size, by region, 2015 - 2026 (USD Million)

4.4. Cryoablation devices

4.4.1.  Market size, by region, 2015 - 2026 (USD Million)

4.5. Ultrasound devices

4.5.1.  Market size, by region, 2015 - 2026 (USD Million)

4.6. Others

4.6.1.  Market size, by region, 2015 - 2026 (USD Million)

Chapter 5. Cardiac Ablation Market, By Application

5.1. Key segment trends

5.2. Cardiac rhythm management

5.2.1.  Market size, by region, 2015 - 2026 (USD Million)

5.2.2.  Atrial fibrillation and flutter

5.2.2.1.    Market size, by region, 2015-2026 (USD Million)

5.2.3.  Tachycardia

5.2.4.  Market size, by region, 2015 - 2026 (USD Million)

5.2.5.  Others

5.2.6.  Market size, by region, 2015 - 2026 (USD Million)

5.3. Open surgery

5.3.1.  Market size, by region, 2015 - 2026 (USD Million)

5.4. Others

5.4.1.  Market size, by region, 2015 - 2026 (USD Million)

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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