About Ablation Catheters
Ablation catheters of various designs enable the operator to precisely map and deliver energy. The length of the ablation/tip electrode varies among ablation catheters, ranging from 3.5 to 10 mm. Catheter ablation is a procedure that creates a small scar in the heart tissues that prevents electrical signals from travelling through the heart. It is primarily used to treat irregular heartbeats, cardiac arrhythmias, atrial fibrillation, sudden cardiac arrests, and other conditions. Catheter ablation carries some risks, including infection, bleeding, heart damage, blood clots, and other complications.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Ablation Catheters is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Ablation Catheters market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic (United States), Boston Scientific (United States), Synaptic Medical (United States), AtriCure, Inc. (United States), Stryker Corporation (United States), Hologic, Inc. (United States), Smith & Nephew plc (United Kingdom) and AngioDynamics, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Lepu Medical Technology (Beijing) Co., Ltd. (China), MicroPort Scientific Corporation (China), Biosense Webster (United States) and Osypka AG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Ablation Catheters market by Type (Multielectrode Ablation Catheters and Single Point Ablation Catheters), Application (Supraventricular tachycardia ablation, Atrial fibrillation ablation and Ventricular tachycardia ablation) and Region.
On the basis of geography, the market of Ablation Catheters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Hospitals will boost the Ablation Catheters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Risks Of Catheter Ablation, the sub-segment i.e. Blood clots will boost the Ablation Catheters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Ablation Catheters Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Number Cases Of Patients Pain From Cardiovascular Diseases
- Rising Demand For Minimally Invasive Procedures
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Influencing Trends | - Advancements In The Medical Science
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Restraints | - Stringent Government Rules And Regulations
- High Cost Associated With Ablation Catheters Devices
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Road Blocks / Challenges | - High Risk Related With Cardiac Ablation Procedures
- Lack Of Skilled Professionals
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Gaps & Opportunities | - Growth In The Healthcare Industry Worldwide
- Increased Research And Development Activities
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Market Leaders and their expansionary development strategies
On 10 January 2022, Medtronic plc, a global leader in healthcare technology, today announced that it has entered into a definitive agreement to acquire Affera, Inc., a Boston area-based, privately held medical technology company. Affera designs and manufactures cardiac mapping and navigation systems and catheter-based cardiac ablation technologies, including a differentiated, focal pulsed field ablation solution, for the treatment of patients with cardiac arrhythmias (irregular heartbeats) such as atrial fibrillation (AF). Medtronic, through its minority investment portfolio, has been a strategic investor in Affera and currently holds a 3% ownership stake in the company. and On 15 February 2022, Boston Scientific Corporation announced the close of its acquisition of Baylis Medical Company Inc., a company that offers advanced transseptal access solutions as well as guidewires, sheaths and dilators used to support catheter-based left-heart procedures.
On 09 November 2021, Medtronic has announced the launch of Arctic Front Cardiac Cryoablation Catheter System, the first and only cryoballoon catheter approved by the Central Drugs Standard Control Organisation (CDSCO) for treatment of atrial fibrillation (AF) in India.
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.