The Global Cardiac Ablation Technologies Market Size accounted for USD 4.8 Billion in 2021 and is projected to occupy a market size of USD 12.6 Billion by 2030 growing at a CAGR of 11.6% from 2022 to 2030.
Cardiac ablation technologies scars small areas of a humans heart that may be causing them heart rhythm issues. This can obstruct the passage of irregular electrical signals or rhythms through the heart.The cardiac ablation technologies market is driven by rising incidence of atrial fibrillation and technological advancement.
Cardiac Ablation Technologies Market Report Statistics
- Global cardiac ablation technologies market revenue is projected to reach USD 12.6 Billion by 2030 with a CAGR of 11.6% from 2022 to 2030
- North America cardiac ablation technologies market share generated over 41% shares in 2021
- According to the World Health Organization, over 17.9 million people die from cardiovascular diseases (CVDs) every year
- As per the CDC report, 697,000 people in the United States died from heart disease in 2020
- Asia-Pacific cardiac ablation technologies market growth will register impressive CAGR of over 12% from 2022 to 2030
- Based on technology type, radiofrequency recorded over 56% of the overall market share in 2021
- Among end-use, hospitals generated shares of over 65% in 2021
- Technological advancement in cardiac ablation devices is a popular cardiac ablation technologies market trend that fuels the industry demand
Global Cardiac Ablation Technologies Market Dynamics
Market Drivers
- Growing prevalence of CVDs such as cardiac arrhythmias
- Increasing awareness for cardiac ablation procedures over conventional procedures
- Rising elderly population across the world
Market Restraints
- Strict regulations for these procedures
- High risk linked with cardiac ablation devices
Market Opportunities
- Increasing trend for minimally invasive procedures
- Rising investment and technological advancements in cardiac ablation technologies
Cardiac Ablation Technologies Market Report Coverage
| Market |
Cardiac Ablation Technologies Market |
| Cardiac Ablation Technologies Market Size 2021 |
USD 4.8 Billion |
| Cardiac Ablation Technologies Market Forecast 2030 |
USD 12.6 Billion |
| Cardiac Ablation Technologies Market CAGR During 2022 - 2030 |
11.6% |
| Cardiac Ablation Technologies Market Analysis Period |
2018 - 2030 |
| Cardiac Ablation Technologies Market Base Year |
2021 |
| Cardiac Ablation Technologies Market Forecast Data |
2022 - 2030 |
| Segments Covered |
By Technology Type, By Application, By End-User, And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Medtronic Plc, St. Jude Medical, Inc. (Abbott), Stryker Corporation, MicroPort Scientific Corporation, Boston Scientific Corporation, CardioFocus Inc., and Biosense Webster, Inc. (Johnson & Johnson),and CONMED Corporation etc.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Cardiac Ablation Technologies Market Growth Factors
Rising prevalence of atrial fibrillation and increase in adoption of cardiac ablation technologies for the treatment of atrial fibrillation are the driving factors boosting the growth of the cardiac ablation technologies market. Also, increase in patient preference for minimally invasive surgeries and technological advancement creates demand for cardiac ablation technologies which is bolstering the growth of the global cardiac ablation technologies market.
Cardiac Ablation Technologies Market Insights
There is huge presence of elderly population in developed countries such as the U.S, and most countries of Europe, and Japan. Developed countries are witnessing high rate of aging as compared to developing nations. This factor is contributing to the rise in improved healthcare infrastructure, favorable government norms, and technological advancements in healthcare facilities in these developed countries. Additionally, ease of access to several diagnostic services has developed in the recent years, particularly in developed countries. This, in turn, has improved the life expectancy of the population in these countries. The aged population is the target user of cardiac ablation technologies as there is higher risk of increasing cardiac diseases
Cardiac Ablation Technologies Market Segmentation
The global cardiac ablation technologies market is segmented based on technology type, application, end-user, and geography.
Cardiac Ablation Technologies Market By Technology Type
- Radiofrequency
- Cryoablation
- Laser
- Ultrasound
- Microwave
- Others
Based on technology type, the radiofrequency segment accounted for around 56% share of the global market. The radiofrequency ablation procedure is a well-known procedure that offers high safety and efficiency that leads to higher adoption of these technologies. Moreover, it is a least invasive procedure that has low risk and less pain and is easy to perform which is further contributing to the growth of global cardiac ablation technologies market.
Cardiac Ablation Technologies Market By Application
- Atrial Fibrillation
- Ventricular Tachycardia
- Ophthalmic Applications
According to the cardiac ablation technologies market forecast, atrial fibrillation is expected to hold a significant market share between 2022 and 2030. As cardiac ablation technology is widely used to treat atrial fibrillation, an increase in cases is proving to be a growth generator. Revenue in the radiofrequency segment is expected to grow rapidly, accounting for more than half of global revenue.
Cardiac Ablation Technologies Market By End-User
- Hospitals
- Ambulatory Surgery Centers (ASCs)
- Cardiac Centers
According to the global cardiac ablation technologies industry analysis, the hospitals end-user grabbed an impressive chunk of the total end-user shares in 2021 and is expected to grow significantly over the projected period. Over the last few years, healthcare spending has skyrocketed. Furthermore, technological advancements in minimally invasive procedures combined with an increase in the number of people opting for surgeries, are driving segmental growth.
Cardiac Ablation Technologies Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Cardiac Ablation Technologies Market Regional Analysis
Increase in patient preference for minimally invasive surgeries and technological advancement creates demand for cardiac ablation technologies which is one of the key factors for the growth of the cardiac ablation technologies market. North America is anticipated to hold major share of the global market, due to higher adoption of cardiac ablation technologies and increase in medical expenditure. Europe is predicted to account for a significant share of the global market during the forecast period. Increase in incidence of atrial fibrillation and other heart diseases is projected to fuel the market growth in the region. The market in Asia Pacific region is expected to grow at a rapid pace due to the rise in healthcare expenditure.
Cardiac Ablation Technologies Market Players
The major players associated with the cardiac ablation technologies market are Medtronic Plc, St. Jude Medical, Inc. (Abbott), Stryker Corporation, MicroPort Scientific Corporation, Boston Scientific Corporation, CardioFocus Inc., Biosense Webster, Inc. (Johnson & Johnson), and CONMED Corporation etc. The key players in the cardiac ablation technologies market are constantly focusing on research and development in order to expand their product portfolio and increase their customer base in developing regions. Key manufacturers invests heavily in research and development to manufacture low weighting, fuel efficient and innovative cardiac ablation technologies models. Additionally, players associated with the global cardiac ablation technologies market are focusing mainly on merger and acquisition and developing strategic partnerships with other players in order to expand their product portfolio and to increase the market share.
CHAPTER 1. Industry Overview of Cardiac Ablation Technologies Market
1.1. Definition and Scope
1.1.1. Definition of Cardiac Ablation Technologies
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Cardiac Ablation Technologies Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Cardiac Ablation Technologies Market By Technology Type
1.2.3. Cardiac Ablation Technologies Market By Application
1.2.4. Cardiac Ablation Technologies Market By End-User
1.2.5. Cardiac Ablation Technologies Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Cardiac Ablation Technologies Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Cardiac Ablation Technologies Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2021
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Cardiac Ablation Technologies Market By Technology Type
4.1. Introduction
4.2. Cardiac Ablation Technologies Market Revenue By Technology Type
4.2.1. Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast, By Technology Type, 2018-2030
4.2.2. Radiofrequency
4.2.2.1. Radiofrequency Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.3. Cryoablation
4.2.3.1. Cryoablation Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.4. Laser
4.2.4.1. Laser Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.5. Ultrasound
4.2.5.1. Ultrasound Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.6. Microwave
4.2.6.1. Microwave Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.7. Others
4.2.7.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 5. Cardiac Ablation Technologies Market By Application
5.1. Introduction
5.2. Cardiac Ablation Technologies Market Revenue By Application
5.2.1. Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast, By Application, 2018-2030
5.2.2. Atrial Fibrillation
5.2.2.1. Atrial Fibrillation Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.3. Ventricular Tachycardia
5.2.3.1. Ventricular Tachycardia Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.4. Others
5.2.4.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 6. Cardiac Ablation Technologies Market By End-User
6.1. Introduction
6.2. Cardiac Ablation Technologies Market Revenue By End-User
6.2.1. Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast, By End-User, 2018-2030
6.2.2. Hospitals
6.2.2.1. Hospitals Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.3. Ambulatory Surgery Centers (ASCs)
6.2.3.1. Ambulatory Surgery Centers (ASCs) Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.4. Cardiac Centers
6.2.4.1. Cardiac Centers Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 7. North America Cardiac Ablation Technologies Market By Country
7.1. North America Cardiac Ablation Technologies Market Overview
7.2. U.S.
7.2.1. U.S. Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
7.2.2. U.S. Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
7.2.3. U.S. Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
7.3. Canada
7.3.1. Canada Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
7.3.2. Canada Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
7.3.3. Canada Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
7.4. North America PEST Analysis
CHAPTER 8. Europe Cardiac Ablation Technologies Market By Country
8.1. Europe Cardiac Ablation Technologies Market Overview
8.2. U.K.
8.2.1. U.K. Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
8.2.2. U.K. Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
8.2.3. U.K. Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
8.3. Germany
8.3.1. Germany Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
8.3.2. Germany Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
8.3.3. Germany Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
8.4. France
8.4.1. France Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
8.4.2. France Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
8.4.3. France Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
8.5. Spain
8.5.1. Spain Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
8.5.2. Spain Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
8.5.3. Spain Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
8.6. Rest of Europe
8.6.1. Rest of Europe Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
8.6.2. Rest of Europe Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
8.6.3. Rest of Europe Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
8.7. Europe PEST Analysis
CHAPTER 9. Asia-Pacific Cardiac Ablation Technologies Market By Country
9.1. Asia-Pacific Cardiac Ablation Technologies Market Overview
9.2. China
9.2.1. China Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
9.2.2. China Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
9.2.3. China Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
9.3. Japan
9.3.1. Japan Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
9.3.2. Japan Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
9.3.3. Japan Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
9.4. India
9.4.1. India Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
9.4.2. India Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
9.4.3. India Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
9.5. Australia
9.5.1. Australia Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
9.5.2. Australia Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
9.5.3. Australia Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
9.6. South Korea
9.6.1. South Korea Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
9.6.2. South Korea Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
9.6.3. South Korea Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
9.7.2. Rest of Asia-Pacific Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
9.7.3. Rest of Asia-Pacific Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
9.8. Asia-Pacific PEST Analysis
CHAPTER 10. Latin America Cardiac Ablation Technologies Market By Country
10.1. Latin America Cardiac Ablation Technologies Market Overview
10.2. Brazil
10.2.1. Brazil Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
10.2.2. Brazil Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
10.2.3. Brazil Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
10.3. Mexico
10.3.1. Mexico Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
10.3.2. Mexico Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
10.3.3. Mexico Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
10.4. Rest of Latin America
10.4.1. Rest of Latin America Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
10.4.2. Rest of Latin America Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
10.4.3. Rest of Latin America Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
10.5. Latin America PEST Analysis
CHAPTER 11. Middle East & Africa Cardiac Ablation Technologies Market By Country
11.1. Middle East & Africa Cardiac Ablation Technologies Market Overview
11.2. GCC
11.2.1. GCC Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
11.2.2. GCC Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
11.2.3. GCC Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
11.3. South Africa
11.3.1. South Africa Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
11.3.2. South Africa Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
11.3.3. South Africa Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Technology Type, 2018-2030
11.4.2. Rest of Middle East & Africa Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By Application, 2018-2030
11.4.3. Rest of Middle East & Africa Cardiac Ablation Technologies Market Revenue (USD Billion) and Forecast By End-User, 2018-2030
11.5. Middle East & Africa PEST Analysis
CHAPTER 12. Player Analysis Of Cardiac Ablation Technologies Market
12.1. Cardiac Ablation Technologies Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Cardiac Ablation Technologies Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. Company Profile
13.1. Medtronic Plc
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (USD Billion), 2021
13.1.3.2. Medtronic Plc 2021 Cardiac Ablation Technologies Business Regional Distribution
13.1.4. Product /Service and Specification
13.1.5. Recent Developments & Business Strategy
13.2. St. Jude Medical, Inc. (Abbott)
13.3. Stryker Corporation
13.4. MicroPort Scientific Corporation
13.5. Boston Scientific Corporation
13.6. CardioFocus Inc.
13.7. Biosense Webster, Inc. (Johnson & Johnson)
13.8. CONMED Corporation
