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Ablation Technology Market: Evolution

The growing demand for minimally invasive treatments for atrial fibrillation has led to constant advancements in the ablation technology, opening new possibilities in the ablation market. Ablation of atrial fibrillation (AF) and ventricular tachycardia (VT) has constantly evolved to meet the safety and efficacy profile of procedures used in the patient population. Of note, the growing demand for techniques for ablation of ventricular arrhythmias.

A number of technologies have emerged that incorporate advanced catheter designs for AF ablation. Demand for balloon-based technologies and advances in navigation technologies are bolstering the prospects in the ablation technology market. Moreover, the growing adoption of high-resolution imaging techniques is a key trend boosting he outcomes of ablation technology.

Advancements in sensors have led to the development of catheters that can provide surgeons feedback on contact force during the ablation process. Such technological advancements have improved the decision making in interventional procedures in cardiology. New manipulation technologies such as remote navigation technologies are gaining popularity across the healthcare systems, thus boosting sales in the ablation technology market.

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Ablation Technology Market: Drivers, Current Prospects, Lucrative Avenues

Atrial fibrillation (AF) is the most common arrhythmia diagnosed and has a marked comorbidity in elderly population. It affects at least 33.5 mn individuals around the world. In the U.S. alone, it is expected to affect 6–12 million people by 2050-end and 17.9 mn in Europe by the end of 2060. While on one hand, the reasons for the increase in the prevalence of AF are largely unknown, advancements in ablation technology market are crucial for survival after onset of AF. This is a key underpinning for extending lucrative prospects for medical device manufacturers and vendors in the ablation technology market. The global burden of AF has led to risk stratification, which has cemented the role of novel ablation technologies in multidisciplinary management of AF.

Ablation Technology Market: Competition Landscape and Key Developments

The past couple of decades has witnessed constant development of atrial fibrillation (AF) ablation technologies. Medical device manufacturers in the ablation technology market have leaned on adopting new approaches to ablation to be used in treating AF, one of the most common heart rhythm conditions prevalent worldwide.

Researchers pioneering in developing technologies for interventional medical specialties are conducting multi-center trials, which will propel the advent of safer and effective ablation technologies. One such research in the U.S. has demonstrated that a novel lattice-tip ablation catheter for performing point-by-point ablation generated outcome outcomes than radiofrequency ablation (RFA). The approach makes multiple lesions to stop abnormal heartrates (arrhythmias).

The researchers claimed to have conducted first-in-human trial in 2020, whose results were presented Heart Rhythm Society Annual Scientific Sessions. More such studies are ongoing for increasing the safety profile for the ablation procedure for atrial fibrillation. The results of the study have unarguably extended the horizon for the treatment of AF and managing its morbidities, thereby enriching prospects of the ablation technology market.

Some of the key players in the ablation technology market are Medtronic, plc., InMode, Dornier MedTech, Stryker, Varian Medical Systems, Olympus Corporation, Smith & Nephew plc., AtriCure, Inc., AngioDynamics, CONMED Corporation, Boston Scientific Corporation, Abbott, and Johnson & Johnson.

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Ablation Technology Market: Regional Landscape

Europe and North America have been witnessing substantial lucrative prospects. Their growth has pivoted on the rising adoption of new ablation technologies in the treatment of AF. Relentless R&D in catheter design and imaging technologies to be used in VT ablation has also spurred the demand for ablation technology, thereby bolstering sales of products. The U.S. and the U.K. are key countries that have generated massive revenues to the global ablation technology market. The prevalence of AF and the rapidly aging population in the emerging economies around the world have played crucial role in expanding the revenue potential in recent years.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Ablation Technology Market