PUBLISHER: Grand View Research | PRODUCT CODE: 1530021
PUBLISHER: Grand View Research | PRODUCT CODE: 1530021
Ablation Catheters Market Size & Trends
The global ablation catheters market size was estimated at USD 4.6 billion in 2023 and is projected to grow at a CAGR of 14.8% from 2024 to 2030. The global increase in cardiovascular diseases, especially arrhythmias, is a primary driver of the ablation catheters market. For instance, as per the reports published by the National Library of Medicine in June 2023, the anticipated prevalence of arrhythmias in the general population was projected to range between 1.5% and 5%. Among these cardiac irregularities, atrial fibrillation emerges as the most common subtype. Moreover, as per reports published by CDC, the prevalence of atrial fibrillation in the U.S. is likely to reach around 12.1 million individuals by 2030. Conditions like atrial fibrillation, which affect millions worldwide, necessitate effective and minimally invasive treatment options. Ablation catheters, used to selectively destroy abnormal cardiac tissue, offer a solution with higher success rates and fewer complications compared to traditional methods. As awareness of these conditions and their potential complications rises, so does the demand for reliable, efficient treatments, thereby propelling the market for ablation catheters.
The ablation catheters market is significantly influenced by rapid technological advancements.Persistent technological progress fosters the evolution of increasingly sophisticated ablation catheters, such as high-resolution mapping systems, advanced catheters, and precision-focused ablation technologies. These innovations collectively elevate the precision and efficacy of diagnostic and therapeutic procedures within the field.For instance, in November 2023, Medtronic received CE Mark approval for its cutting-edge pulsed field and cryoablation technologies-Nitron CryoConsole and PulseSelect Pulsed Field Ablation System. This regulatory milestone showcases a significant stride in advancing the therapeutic landscape for atrial fibrillation treatment. The PulseSelect System has been strategically engineered to provide a highly effective, efficient, and safe treatment for atrial fibrillation. This innovative system incorporates a novel ablation modality utilizing pulsed electric fields to isolate the pulmonary veins. It was integrated into the Medtronic Pulsed Field Ablation (PFA) portfolio after European approval of the Affera Mapping and Ablation System. This strategic move solidifies Medtronic's unique position in the market as the sole provider offering both single-shot and focal PFA options, catering to diverse patient and clinician requirements.
Moreover, the inefficacy of specific pharmacological interventions has significantly driven the expansion of the ablation catheter market. Traditional medications often yield suboptimal outcomes in addressing complex cardiovascular and arrhythmia-related conditions, prompting healthcare providers and patients to turn to alternative modalities such as ablation catheters. Patients with intricate arrhythmias or heart rhythm disorders may not respond adequately to pharmacological treatments, increasing the demand for advanced and targeted therapeutic options. Ablation catheters play a crucial role in diagnosing and treating these conditions by offering precise mapping and ablation capabilities. In cases where conventional medications fail to deliver effective results or cause undesirable side effects, ablation catheter procedures provide a more tailored and effective approach to managing cardiac arrhythmias.
Global Ablation Catheters Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the ablation catheters market report based on type, end use, and region.
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Norway
Denmark
Sweden
Japan
China
India
Australia
South Korea
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait