Global Electrophysiology Ablation Market: Overview
The global electrophysiology ablation market is projected to witness an upsurge in demand with increasing prevalence of atrial fibrillation (AF) and arrhythmia. According to estimates, 33 million individuals across the globe suffer from atrial fibrillation. The prevalence of this condition is projected to increase with the aging population. In this condition, regular heart function gets disrupted by abnormal beats. Random electrical signals pass through, intensifying the irregular rhythm. The most effective treatment for this condition is ablation, and the rising numbers of AF cases are likely to augment demand in the global electrophysiology ablation market.
Electrophysiology ablation has gained wide acceptance as the first line of treatment in case of heart rhythm management conditions, including all kinds of arrhythmias. Electrophysiology ablation has lower risks and creates lesser side effects on the patient. The electrophysiology ablation market is thus poised to grow with greater benefits and optimum results offered by the treatment.
This report gives exhaustive analysis of the global electrophysiology ablation market, focusing on market opportunities and possible constraints, along with the latest trends driving the market.
Global Electrophysiology Ablation Market: Notable Developments
The global electrophysiology ablation market is prognosticated to experience high sales in the coming years, on account of several factors. The market is currently progressing at a rapid pace is several leading development are expected to fuel market growth. Some of the key developments impacting the global electrophysiology ablation market include:
- Launch of Innovative Products:
Established vendors in the global electrophysiology ablation market are offering novel products in order to gain momentum in the industry. A key development is the soaring sales of Boston Scientific Corporations Rhythmmia Mapping System, related disposables, and Rhythmia HDx. The company is also working on expanding its product portfolio of navigation enabled therapeutic devices. Such product innovations are likely to spur the global electrophysiology ablation market to a large extent.
- FDA Approval for Softwares
Recently, Biosense Webster Inc., received an approval for the use of tag index guided software from the U.S. Food and Drug Administration (FDA). Visitag Surpoint Exteral Processing Unit, the software, will be used during catheter ablation to calculate tag index. The use of this index will enable the standardization of workflows to achieve isolation of the pulmonary vein. The adoption of such technologically advanced procedures is expected to create waves in the global electrophysiology ablation market in the coming years.
Key players operating in the global electrophysiology ablation market include Boston Scientific Corporation, GE Healthcare, Biosense Webster Inc., St. Jude Medical, Inc., and Medtronic plc.
Global Electrophysiology Ablation Market Dynamics
A key factor fueling the global electrophysiology ablation market is the rising preference for minimally invasive procedures. The growing aged population, the rising disposable incomes of people leading to increased spending on healthcare, and the surge in awareness regarding the comfort and benefits of minimally invasive techniques bolster market growth. Catheter ablation is likely to be favored by the patients, making it a leading segment in the foreseeable future. The process has a high success rate with low risk factors.
The vast and ever growing prevalence of cardiovascular ailments is expected to play a key role in propelling the global electrophysiology ablation market in the coming years. The increased number of cardiac ailments is likely to lead to higher occurrence of heart rhythm issues, boosting electrophysiology ablation market sales.
Unmet Medical Needs to Boost Opportunity in Asia Pacific
North America is expected to account for a leading share in the global electrophysiology ablation market. This could be due to high adoption rate of advanced ablation devices in the region, along with large pool of patients diagnosed with AF.
However, Asia Pacific electrophysiology ablation market is likely to witness brisk growth in the coming years, ascribed to potential opportunities in the region. Due to largely unmet medical needs and growing awareness regarding quality of life, vendors are expected to cash in on this regional market.
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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- Reporting and evaluation of recent industry developments
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