Industry Background:
An arrhythmia is a problem related to the rate or rhythm of your heartbeat. This means that the heartbeat is too high, too slow or in an irregular pattern. The common type of arrhythmia is atrial fibrillation which causes an irregular and fast heartbeat. The atrial fibrillation device helps to treat the medication by slowing the heartbeat and control the heartbeat pattern. The risk for AFib increases with age. High blood pressure, which also increases in risk with advancing age, accounts for 14% to 22% of AFib cases.
According to AMA Research, the market for Atrial Fibrillation Devices is expected to register a CAGR of 15.75% during the forecast period to 2028. This growth is primarily driven by Rise In Prevalence Of Hypertension & Atrial Fibrillation Across The World
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Abbott Laboratories (United States), Johnson & Johnson (United States), MicroPort Scientific Corporation (China), Boston Scientific Corporation (United States), St. Jude Medical, Inc. (United States), Medtronic plc (Ireland), Biotronik SE & Co. KG (Germany), Koninklijke Philips N.V. (Netherland), Siemens AG (Germany) and AtriCure Inc (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2018, Boston Scientific Corporation a manufacturer of medical devices announced a definitive agreement to acquire Cryterion Medical, Inc., a privately-held company developing a single-shot cryoablation platform for the treatment of atrial fibrillation (AF).
In 2020, Abbott has launched a new EnSite™ X EP system indicated for electronic mapping of cardiac arrhythmias in Australia and Europe. In 2020, Biosense Webster collaborated with Rhythm AI. The company is the originator of an AI-based technology that identifies the cause or driver of atrial fibrillation from information obtained with a 3D mapping system.
Influencing Trend:
Technology Advancement in Atrial Fibrillation Devices
Market Growth Drivers:
Rise In Prevalence Of Hypertension & Atrial Fibrillation Across The World and Increasing Use Of Less Invasive Treatments
Challenges:
Lack Of Skilled Professionals
Restraints:
High Cost Of Treatment
Opportunities:
Innovation in Service Offerings and Use of IoT
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Atrial Fibrillation Devices Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Atrial Fibrillation Devices Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Atrial Fibrillation Devices players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Atrial Fibrillation Devices Study Sheds Light on
The Atrial Fibrillation Devices Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Atrial Fibrillation Devices industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Atrial Fibrillation Devices industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.