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Published Date: 2013-10-09Number of Pages: 88

Atrial Fibrillation Market (Treatment Type - Pharmacological Treatment (Anti-arrhythmic Drugs and Anti-Coagulant Drugs) and Non-Pharmacological Treatment (Catheter Ablation (Radiofrequency-based, Cryoablation-based, High Intensity Focused Ultrasound (HIFU)-based, Microwave-based, and Laser-based), Maze Surgery, and Electric Cardioversion) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2024

The atrial fibrillation market on the basis of geography is segmented into four regions namely North America, Asia-Pacific, Europe and rest of the world (RoW). The North American atrial fibrillation market held majority of the market share in 2012 on account of the following factors:
  • High prevalence of atrial fibrillation. According to the estimates of the U.S. CDC, the prevalence of atrial fibrillation was 2.66 million in 2010. Moreover, its prevalence is estimated to reach 12 million by 2050.
  • The high atrial fibrillation prevalence coupled with the presence of high disposable incomes of patients, the presence of a robust reimbursement infrastructure and rising healthcare expenditure are some of the major factors driving the growth of North America atrial fibrillation market.
The North American region was followed by Europe in terms of market share in 2012. The Asia-Pacific atrial fibrillation market is expected to grow at the highest CAGR on account of the rising prevalence of atrial fibrillation in China coupled with the introduction of new healthcare reforms and rapid economic development in the country.  
 
In terms of treatment types, the overall atrial fibrillation market is segmented into two type’s namely pharmacological and non-pharmacological treatment markets. The global atrial fibrillation treatment market was dominated by the pharmacological treatment procedures (involving anti-arrhythmic drugs, rate control drugs, chemical cardioversion and anti-coagulants) in terms of market share in 2012. This valuation is justified by the following reasons:
  • Drugs are consumed more frequently by patients, sometimes simultaneously with non-pharmacological treatment procedures. For e.g. patients are advised to consume anti-coagulant drugs before an electric cardioversion and patients are administered with anti-coagulants post a catheter ablation procedure to reduce the risk of a stroke.
  • Drugs are a cheaper alternative to expensive non-pharmacological procedures such as catheter ablation and surgeries. However, this fact is not applicable to all the patients as in most of the cases cardiologists recommend the most appropriate and therefore inevitable treatment procedures to patients suffering from atrial fibrillation.
The market share of pharmacological treatment procedures is expected to increase to over 55% in 2019 on account of the introduction of new and advanced drugs such as anti-coagulants dabigatran and rivaroxaban.
 

 
Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.3 Research methodology
 
Chapter 2 Executive Summary
 
Chapter 3 Market Overview
3.1 Introduction
3.2 Market Dynamics
      3.2.1 Drivers
              3.2.1.1 Rising global base of geriatric population
              3.2.1.2 Favorable results exhibited by clinical trials aimed at treating atrial fibrillation
              3.2.1.3 Rising prevalence of disorders such as hypertension and obesity accelerating the incidence rate of atrial fibrillation
      3.2.2 Restraints
              3.2.2.1 Stringent FDA, CE and European Medicines Agency product approval regulations
      3.2.3 Opportunities
              3.2.3.1 Introduction of innovative treatment procedures
              3.2.3.2 Rising prevalence of atrial fibrillation in emerging Asian economies
3.3 Porter’s Five Forces Analysis for the Global Atrial Fibrillation Market
      3.3.1 Bargaining Power of Suppliers
      3.3.2 Bargaining Power of Buyers
      3.3.3 Threat of Substitutes
      3.3.4 Threat of New Entrants
      3.3.5 Competitive Rivalry
 
Chapter 4 Atrial Fibrillation Market, by Treatment Types
4.1 Overview
      4.1.1 Global Atrial Fibrillation Market, 2011 – 2019 (USD Million)
4.2 Global Pharmacological Treatments for Atrial Fibrillation Market
      4.2.1 Global Pharmacological Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
      4.2.2 Global Anti-Arrhythmic Drugs Market
              4.2.2.1 Global Anti-Arrhythmic Drugs Market, 2011 – 2019 (USD Million)
      4.2.3 Global Anti-Coagulants Market
              4.2.3.1 Global Anti-Coagulant Drugs for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
4.3 Non-Pharmacological Treatment for Atrial Fibrillation Market
      4.3.1 Overview: Comparative Analysis of the Non-Pharmacological Treatment for Atrial Fibrillation Market
      4.3.2 Global Non-Pharmacological Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
      4.3.3 Global Catheter Ablation Treatment for Atrial Fibrillation Market
              4.3.3.1 Overview
              4.3.3.2 Global Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
              4.3.3.3 Global Radiofrequency Based Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
              4.3.3.4 Global HIFU (High Intensity Focused Ultrasound) Based Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
              4.3.3.5 Global Cryoablation Based Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
              4.3.3.6 Global Microwave Based Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
              4.3.3.7 Global Laser Based Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
      4.3.4 Global Maze Surgery for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
      4.3.5 Global Electric Cardioversion for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
 
Chapter 5 Atrial Fibrillation Market, by Geography
5.1 Overview
5.2 North America
      5.2.1 North America Atrial Fibrillation Market, by Treatment Types, 2011 – 2019 (USD Million)
5.3 Europe
      5.3.1 Europe Atrial Fibrillation Market, by Treatment Types, 2011 – 2019 (USD Million)
5.4 Asia-Pacific
      5.4.1 Asia-Pacific Atrial Fibrillation Market, by Treatment Types, 2011 – 2019 (USD Million)
5.5 Rest of the World (RoW)
      5.5.1 RoW Atrial Fibrillation Market, by Treatment Types, 2011 – 2019 (USD Million)
 
Chapter 6 Competitive Landscape
 
Chapter 7 Recommendations
7.1 Investing in emerging markets, particularly China and Brazil
7.2 Focus on emerging technologies such as mini-maze procedure and catheter ablation
 
Chapter 8 Company Profiles
8.1 AtriCure, Inc.
      8.1.1 Company Overview
      8.1.2 Financial Overview
      8.1.3 Product Portfolio
      8.1.4 Business Strategies
8.2 Biosense Webster, Inc.
      8.2.1 Company Overview
      8.2.2 Product Portfolio
      8.2.3 Business Strategies
8.3 Boehringer Ingelheim GmbH
      8.3.1 Company Overview
      8.3.2 Financial Overview
      8.3.3 Product Portfolio
      8.3.4 Business Strategies
      8.3.5 Recent Developments
8.4 Boston Scientific Corporation
      8.4.1 Company Overview
      8.4.2 Financial Overview
      8.4.3 Product Portfolio
      8.4.4 Business Strategies
8.5 Bristol-Myers Squibb Corporation
      8.5.1 Company Overview
      8.5.2 Financial Overview
      8.5.3 Product Portfolio
      8.5.4 Business Strategies
8.6 CardioFocus, Inc.
      8.6.1 Company Overview
      8.6.2 Product Portfolio
8.7 Endoscopic Technologies, Inc.
      8.7.1 Company Overview
      8.7.2 Product Portfolio
      8.7.3 Business Strategies
8.8 Sanofi Aventis
      8.8.1 Company Overview
      8.8.2 Financial Overview
      8.8.3 Product Portfolio
      8.8.4 Business Strategies
8.9 St. Jude Medical, Inc.
      8.9.1 Company Overview
      8.9.2 Financial Overview
      8.9.3 Product Portfolio
      8.9.4 Business Strategies
8.10 Johnson and Johnson Ltd
      8.10.1 Company Overview
      8.10.2 Financial Overview
      8.10.3 Product Portfolio
      8.10.4 Business Strategies

List of Figures 
 
FIG. 1 Market Segmentation: Global Atrial Fibrillation Market
FIG. 2 Global Atrial Fibrillation Market, by Treatment Types, 2012 (USD Million)
FIG. 3 Global Population, by Age-Group, 2000 & 2050 (%)
FIG. 4 Porter’s Five Forces Analysis for the Global Atrial Fibrillation Market
FIG. 5 Comparative Analysis of the Global Atrial Fibrillation Market, by Treatment Types, 2012 & 2019 (%)
FIG. 6 Global Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 7 Global Pharmacological Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 8 Global Anti-Arrhythmic Drugs Market, 2011 – 2019 (USD Million)
FIG. 9 Global Anti-Coagulant Drugs for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 10 Comparative Analysis of the Non-Pharmacological Treatment for Atrial Fibrillation Market
FIG. 11 Global Non-Pharmacological Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 12 Comparative Analysis: Catheter Ablation Treatment Types for the Atrial Fibrillation Market
FIG. 13 Global Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 14 Global Radiofrequency Based Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 15 Global HIFU (High Intensity Focused Ultrasound) Based Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 16 Global Cryoablation Based Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 17 Global Microwave Based Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 18 Global Laser Based Catheter Ablation Treatment for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 19 Global Maze Surgery for Atrial Fibrillation Market, 2013 – 2019 (USD Million)
FIG. 20 Global Electric Cardioversion for Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 21 Comparative Analysis of the Global Atrial Fibrillation Market, by Geography, 2012 & 2019 (%)
FIG. 22 North America Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 23 Europe Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 24 Asia-Pacific Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 25 RoW Atrial Fibrillation Market, 2011 – 2019 (USD Million)
FIG. 26 AtriCure Inc.: Annual Revenue, 2010 – 2012 (USD Million)
FIG. 27 Boehringer Ingelheim: Annual Revenue, 2010 – 2012 (USD Million)
FIG. 28 Boston Scientific: Annual sales revenue, 2010 – 2012 (USD Million)
FIG. 29 Bristol-Myers Squibb: Annual sales revenue, 2010 – 2012 (USD Million)
FIG. 30 Sanofi: Annual Revenue, 2010 – 2012 (USD Million)
FIG. 31 St. Jude Medical: Annual Sales Revenue,  2010 – 2012 (USD Million)
FIG. 32 Johnson and Johnson: Annual Revenue, 2010 – 2012 (USD Million)

List of Tables
 
TABLE 1 Market Snapshot: Global Atrial Fibrillation Market
TABLE 2 Impact analysis of the Market Drivers for the Global Atrial Fibrillation Market
TABLE 3 Impact analysis of the Market Restraints for the Global Atrial Fibrillation Market
TABLE 4 Anti-Arrhythmic Drug Types and Clinical Usage
TABLE 5 Anti-Arrhythmic Drugs: Classification and Clinical Usage
TABLE 6 North America Atrial Fibrillation Market, by Treatment Types, 2011 – 2019 (USD Million) 
TABLE 7 Europe Atrial Fibrillation Market, by Treatment Types, 2011 – 2019 (USD Million) 
TABLE 8 Asia-Pacific Atrial Fibrillation Market, by Treatment Types, 2011 – 2019 (USD Million) 
TABLE 9 RoW Atrial Fibrillation Market, by Treatment Types, 2011 – 2019 (USD Million)

Global Atrial Fibrillation Market: Overview

The global market for atrial fibrillation is highly influenced by the ever-rising base of the geriatric population across the world. Driven by the increasing patient pool suffering from atrial fibrillation, the market, which presented an opportunity worth US$6.1 bn in 2012, is likely to rise at a CAGR of 13.40% between 2013 and 2019 and increase to US$14.8 bn by 2019.

The favorable results of clinical trials of drugs and therapies intended for the treatment of atrial fibrillation are also expected to support the growth of this market significantly over the forthcoming years.

Global Atrial Fibrillation Market: Trends and Opportunities

One of the key trends, boosting the global market for atrial fibrillation is the rising prevalence of medical conditions, such as obesity and hypertension, across the world. Over the forthcoming years, the advent of innovative treatment procedures is likely to support this market significantly. However, the stringent regulations enforced by the U.S. FDA, CE, and THE European Medicines Agency regarding product approval may hamper the market to some extent in the near future.

The application of pharmacological treatment for atrial fibrillation is higher than the non-pharmacological treatment across the world and is expected to remain so in the years to come. The increasing usage of anti-arrhythmic and anti-coagulant drugs, owing to their efficiency and cost benefits they offer, is projected to propel the pharmacological treatment segment in the near future, leading to its dominance with a share of nearly 55% in the overall market by 2019.

In addition to this, the introduction of novel and advanced drugs, such as anti-coagulants rivaroxaban and dabigatran, is estimated to boost the global atrial fibrillation market substantially over the forecast period.

Global Atrial Fibrillation Market: Geographical Analysis

Geographically, the worldwide market for atrial fibrillation is broadly segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, North America have emerged as the leading contributor to the global market. The soaring prevalence of atrial fibrillation in North America has been driving this regional market significantly and is projected to remain so over the forecast period, ensuring the dominance of the North America market for atrial fibrillation. Besides, the high disposable income of consumers in the region, together with the presence of a favorable reimbursement scenario, are also supporting the growth of this market considerably in North America.

Europe and Asia Pacific are also anticipated to report a substantial rise in their respective markets for atrial fibrillation. Asia Pacific, specifically, is likely to register high growth pace in the coming years, owing to the increasing number of people complaining atrial fibrillation in China and India. The swift economic developments and the introduction of novel reforms associated with healthcare are also projected to boost the market for atrial fibrillation in Asia Pacific.

Companies mentioned in the research report

Some of the key players operating in the global market for atrial fibrillation are Johnson and Johnson Ltd., St. Jude Medical Inc., Sanofi Aventis, Endoscopic Technologies Inc., CardioFocus Inc., Bristol-Myers Squibb Corp., Boston Scientific Corp., Boehringer Ingelheim GmbH, Biosense Webster Inc., and AtriCure Inc.

Key Segments of Global Atrial Fibrillation Market

By Treatment Types

  • Pharmacological Treatment
  • Anti-Arrhythmic Drugs
  • Anti-Coagulant Drugs
  • Non-Pharmacological Treatment
  • Catheter Ablation
  • Radiofrequency Based
  • Cryoablation Based
  • HIFU (High Intensity Focused Ultrasound) Based
  • Microwave Based
  • Laser Based
  • Maze Surgery
  • Electric Cardioversion

Major regions analyzed under this research report are:

  • Europe
  • North America
  • Asia Pacific
  • Rest of the World

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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