Cardiac Ablation Technologies Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026

Published on : Dec-2019 | List of Tables : 26 | List of Figures : 76 | No. of Pages : 170 | Report Code : FACT4426MR | Format :

Radiofrequency Most Preferred Technology, While Cryoablation Gains Traction in Cardiac Ablation Technologies Market

Less complex functions and minimal invasive approach make radiofrequency a suitable technology for the development of cardiac ablation devices. Another aspect that increases the suitability of this technology is its low-risk profile and high convenience factors, which increases its adoption. However, in recent times, cryoablation technology is resonating well with patients, as it causes relatively less pain with an enhanced focus on patient safety. The relevance of these technologies is further studied in detail in an extensive report published by Fact.MR, which portends that, radiofrequency would account for over 50% of the total share, while the adoption of cryoablation technology would grow at the highest rate in the cardiac ablation technologies market.

cardiac ablation technologies market by technology type

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Minimal Invasion to Remain Key Aspect for Market Players to Focus On

There has been a shift in approach in the way medical professionals carry out surgeries. Patients are demanding shorter hospital stays and minimal post-surgical cramps to get back to normality as soon as possible. This has encouraged manufacturers to make consistent efforts towards utilising advanced technology to reach the internal organs through small incisions, and relatively low blood loss to achieve better recovery time.

Cardiac Ablation Devices Subject to Stringent Approval Norms in Developed Regions

Cardiac ablation devices are increasingly used as the first-line of treatment for atrial fibrillation, which demands high safety and efficacy. Compliance of cardiac ablation systems with regulations set by regulatory authorities, especially in North America and Europe, increases the time-to-market for players in the global cardiac ablation technologies market. Strict scrutiny of regulatory authorities on product design, development, and clinical trials delays the total time taken for receiving approval and meeting the quality norms of the FDA and CE. This could cause revenue losses for market players, and, in turn, affect the growth of the cardiac ablation technologies market.

opportunities in cardiac ablation technologies market by application

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Cardiac Ablation Technologies Market to Record Substantial Growth in North America

The U.S. is expected to account for around 37% of the global cardiac ablation technologies market share, as it consists of leading players—Johnson & Johnson, Abbott, and Boston Scientific Corporation. Easy availability of sophisticated and advanced technology underpins the developmental efforts of these players, which aids them in establishing a diversified product portfolio. Effective product positioning helps these players in generating revenue from other regions. For instance, cardiac ablation systems manufactured by Abbott are used for the treatment of patients in over 84 countries across the world.

Besides efforts put in by these leading players, demand for cardiac ablation systems is significantly high in the U.S., owing to high number of patients suffering from heart conditions. Numerous studies have found that cardiac arrest is the leading cause of death in the U.S. This makes the country a key cardiac ablation technologies market, which, in turn, is attributing a pole position to North America.

Cardiac Ablation Technologies Market – Scope of the Report

The report on the cardiac ablation technologies market is an exclusive study, which has been recently added to the broad report repository of Fact.MR. The study brings to the fore crucial influencers that have been influencing the growth of the cardiac ablation technologies market. This comprehensive study offers analytical insights pertaining to the recent developments in the cardiac ablation technologies market, through the analysis of historical data for the period of 2016-2019, while the duration 2020-2026 being considered as the forecast period.

Recalibration of revenue of the cardiac ablation technologies market has been carried out in terms of value (US$ Mn). This research report offers exclusive insights into the influential trends that hold high potential to shape the cardiac ablation technologies market during the forecast period. Besides this, the report also includes numerous macroeconomic and microeconomic growth indicators that support the growth of the cardiac ablation technologies market during the forecast period. This detailed guide offers crucial information into key dynamics, along with their influence on the cardiac ablation technologies market during the forecast period.

The detailed report, in turn, brings to the fore, insightful information about key challenges and threats that could limit the growth potential of players in the cardiac ablation technologies market. The study unveils profitable opportunities for manufacturers, which they can adopt to strengthen their position in the global cardiac ablation technologies market. With a view to aid stakeholders in the cardiac ablation technologies market, the study comprises a detailed section on the competition analysis.

This exclusive study offers a dashboard view of the cardiac ablation technologies market, with detailed information about market players, based on overall revenue, key developments, and their market presence. Additionally, key strategies of players in the cardiac ablation technologies market have also been included in this comprehensive study.

Cardiac Ablation Technologies Market – Assessment of Key Segments

Authors of this comprehensive study have classified the cardiac ablation technologies market into key segments for an in-depth study of the market. Categorisation of the cardiac ablation technologies market is based on treatment type, application, and region. This detailed study also offers information about the incremental opportunity present in the cardiac ablation technologies market during the forecast period. Key segments considered while studying the cardiac ablation technologies market include:

Technology Type

Application

Region

Radiofrequency

Atrial Fibrillation

North America

Ultrasound

Ventricular Tachycardia

Europe

Cryoablation

Others

Asia Pacific

Microwave

 

Japan

Laser

 

Latin America

Others

 

Middle East & Africa

 

Revenue of the cardiac ablation technologies market has been estimated in terms of US$ Mn for the period of 2020-2026. In addition to this, compound annual growth rate (CAGR %) has been estimated for all segments during the forecast period of 2020-2026, considering 2019 as the base year, in the cardiac ablation technologies market.

Analysts of the report have analysed the profiles of leading, prominent, and emerging players in the cardiac ablation technologies market, in order to obtain a detailed idea regarding the competition prevailing in the landscape. Key players profiled in this comprehensive study include Hansen Medical, Inc., Biosense Webster, Inc., MicroPort Scientific Corporation, Boston Scientific Corporation, CardioFocus, Inc., Medtronic PLC, and Abbott.

Cardiac Ablation Technologies Market – Research Methodologies

The primary objective of this exclusive study on the cardiac ablation technologies market is to offer precise estimates and forecasts of the market in terms of value (US$ Mn) for the period of 2020-2026. Secondary objective includes analysis of key market segments exhibiting significant growth rates, leading strategies adopted by players in the cardiac ablation technologies market, and the adoption rate of cardiac ablation technologies in key regions across the world. Top-down and bottom-up approaches have also been adopted by research analysts in order to validate data and statistics to offer accurate market information to stakeholders.

1. Preface 

    1.1. Report Scope and Market Segmentation 

    1.2. Research Highlights

2. Assumptions and Research Methodology 

    2.1. Assumptions and Acronyms Used

    2.2. Research Methodology

3. Executive Summary

    3.1. Global Cardiac Ablation Technologies Market: Market Snapshot

4. Market Overview

    4.1. Global Cardiac Ablation Technologies Market: Technology Type Overview 

    4.2. Global Cardiac Ablation Technologies Market: Key Industry Developments

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Cardiac Ablation Technologies Market Revenue Projections, 2020–2026

    4.5. Porter’s Five Forces Analysis

    4.6. Global Cardiac Ablation Technologies Market Outlook

5. Market Outlook

    5.1. Value Chain Analysis

    5.2. Regulatory Scenario

6. Global Cardiac Ablation Technologies Market Analysis, by Technology Type

    6.1. Key Findings

    6.2. Introduction

    6.3. Global Cardiac Ablation Technologies Market Value Share and Attractiveness Analysis, by Technology Type

    6.4. Global Cardiac Ablation Technologies Market Value Forecast, by Technology Type

        6.4.1. Radiofrequency

        6.4.2. Cryoablation

        6.4.3. Laser

        6.4.4. Ultrasound

        6.4.5. Microwave

        6.4.6. Other

    6.5. Global Cardiac Ablation Technologies Market Analysis, by Technology Type

7. Global Cardiac Ablation Technologies Market Analysis and Forecast, by Application

    7.1. Key Findings

    7.2. Introduction

    7.3. Global Cardiac Ablation Technologies Market Value Share and Attractiveness Analysis, by Application

    7.4. Global Cardiac Ablation Technologies Market Value Forecast, by Application

        7.4.1. Atrial Fibrillation

        7.4.2. Ventricular Tachycardia

        7.4.3. Others

    7.5. Global Cardiac Ablation Technologies Market Analysis, by Application

8. Global Cardiac Ablation Technologies Market Analysis, by Region

    8.1. Global Cardiac Ablation Technologies Market Scenario, by Country

    8.2. Global Cardiac Ablation Technologies Market Value Share and Attractiveness Analysis, by Region

    8.3. Global Cardiac Ablation Technologies Market Value Forecast, by Region

        8.3.1. North America

        8.3.2. Europe

        8.3.3. Asia Pacific 

        8.3.4. Latin America

        8.3.5. Middle East & Africa

9. North America Cardiac Ablation Technologies Market Analysis

    9.1. Key Findings

    9.2. North America Cardiac Ablation Technologies Market Overview

    9.3. North America Cardiac Ablation Technologies Market Value Share and Attractiveness Analysis, by Country

    9.4. North America Cardiac Ablation Technologies Market Forecast, by Country

        9.4.1. U.S.

        9.4.2. Canada

    9.5. North America Cardiac Ablation Technologies Market Value Share Analysis, by Technology Type

    9.6. North America Cardiac Ablation Technologies Market Forecast, by Technology Type

        9.6.1. Radiofrequency

        9.6.2. Cryoablation

        9.6.3. Laser

        9.6.4. Ultrasound

        9.6.5. Microwave

        9.6.6. Other

    9.7. North America Cardiac Ablation Technologies Market Value Share Analysis, by Application

    9.8. North America Cardiac Ablation Technologies Market Forecast, by Application

        9.8.1. Atrial Fibrillation

        9.8.2. Ventricular Tachycardia

        9.8.3. Others

    9.9. North America Cardiac Ablation Technologies Market Attractiveness Analysis

10. Europe Cardiac Ablation Technologies Market Analysis

    10.1. Key Findings

    10.2. Europe Cardiac Ablation Technologies Market Overview

    10.3. Europe Cardiac Ablation Technologies Market Value Share and Attractiveness Analysis, by Country/Sub-region

    10.4. Europe Cardiac Ablation Technologies Market Forecast, by Country/Sub-region

        10.4.1. Germany

        10.4.2. U.K.

        10.4.3. France

        10.4.4. Italy

        10.4.5. Spain

        10.4.6. Rest of Europe

    10.5. Europe Cardiac Ablation Technologies Market Value Share Analysis, by Technology Type

    10.6. Europe Cardiac Ablation Technologies Market Forecast, by Technology Type

        10.6.1. Radiofrequency

        10.6.2. Cryoablation

        10.6.3. Laser

        10.6.4. Ultrasound

        10.6.5. Microwave

        10.6.6. Other

    10.7. Europe Cardiac Ablation Technologies Market Value Share Analysis, by Application

    10.8. Europe Cardiac Ablation Technologies Market Forecast, by Application

        10.8.1. Atrial Fibrillation

        10.8.2. Ventricular Tachycardia

        10.8.3. Others

    10.9. Europe Cardiac Ablation Technologies Market Attractiveness Analysis

11. Asia Pacific Cardiac Ablation Technologies Market Analysis

    11.1. Key Findings

    11.2. Asia Pacific Cardiac Ablation Technologies Market Overview

    11.3. Asia Pacific Cardiac Ablation Technologies Market Value Share and Attractiveness Analysis, by Country/Sub-region

    11.4. Asia Pacific Cardiac Ablation Technologies Market Forecast, by Country/Sub-region

        11.4.1. China

        11.4.2. India

        11.4.3. Japan

        11.4.4. Australia & New Zealand

        11.4.5. Rest of Asia Pacific

    11.5. Asia Pacific Cardiac Ablation Technologies Market Value Share Analysis, by Technology Type

    11.6. Asia Pacific Cardiac Ablation Technologies Market Forecast, by Technology Type

        11.6.1. Radiofrequency

        11.6.2. Cryoablation

        11.6.3. Laser

        11.6.4. Ultrasound

        11.6.5. Microwave

        11.6.6. Other

    11.7. Asia Pacific Cardiac Ablation Technologies Market Value Share Analysis, by Application

    11.8. Asia Pacific Cardiac Ablation Technologies Market Forecast, by Application

        11.8.1. Atrial Fibrillation

        11.8.2. Ventricular Tachycardia

        11.8.3. Others

    11.9. Asia Pacific Cardiac Ablation Technologies Market Attractiveness Analysis

12. Latin America Cardiac Ablation Technologies Market Analysis

    12.1. Key Findings

    12.2. Latin America Cardiac Ablation Technologies Market Overview

    12.3. Latin America Cardiac Ablation Technologies Market Value Share and Attractiveness Analysis, by Country/Sub-region

    12.4. Latin America Cardiac Ablation Technologies Market Forecast, by Country/Sub-region

        12.4.1. Brazil

        12.4.2. Mexico

        12.4.3. Rest of Latin America

    12.5. Latin America Cardiac Ablation Technologies Market Value Share Analysis, by Technology Type

    12.6. Latin America Cardiac Ablation Technologies Market Forecast, by Technology Type

        12.6.1. Radiofrequency

        12.6.2. Cryoablation

        12.6.3. Laser

        12.6.4. Ultrasound

        12.6.5. Microwave

        12.6.6. Other

    12.7. Latin America Cardiac Ablation Technologies Market Value Share Analysis, by Application

    12.8. Latin America Cardiac Ablation Technologies Market Forecast, by Application

        12.8.1. Atrial Fibrillation

        12.8.2. Ventricular Tachycardia

        12.8.3. Others

    12.9. Latin America Cardiac Ablation Technologies Market Attractiveness Analysis

13. Middle East & Africa Cardiac Ablation Technologies Market Analysis

    13.1. Key Findings

    13.2. Middle East & Africa Cardiac Ablation Technologies Market Overview

    13.3. Middle East & Africa Cardiac Ablation Technologies Market Value Share Analysis, by Country/Sub-region

    13.4. Middle East & Africa Cardiac Ablation Technologies Market Forecast, by Country/Sub-region

        13.4.1. GCC Countries

        13.4.2. South Africa

        13.4.3. Rest of Middle East and Africa

    13.5. Middle East & Africa Cardiac Ablation Technologies Market Value Share Analysis, by Technology Type

    13.6. Middle East & Africa Cardiac Ablation Technologies Market Forecast, by Technology Type

        13.6.1. Radiofrequency

        13.6.2. Cryoablation

        13.6.3. Laser

        13.6.4. Ultrasound

        13.6.5. Microwave

        13.6.6. Other

    13.7. Middle East & Africa Cardiac Ablation Technologies Market Value Share Analysis, by Application

    13.8. Middle East & Africa Cardiac Ablation Technologies Market Forecast, by Application

        13.8.1. Atrial Fibrillation

        13.8.2. Ventricular Tachycardia

        13.8.3. Others

    13.9. Middle East & Africa Cardiac Ablation Technologies Market Attractiveness Analysis

14. Competition Landscape

    14.1. Cardiac Ablation Technologies Market Share Analysis, by Company, 2017

    14.2. Competition Matrix

    14.3. Company Profiles

        14.3.1. Biosense Webster, Inc.

            14.3.1.1. Company Details

            14.3.1.2. Business Overview

            14.3.1.3. Financial Overview

            14.3.1.4. Strategic Overview

            14.3.1.5. SWOT Analysis

        14.3.2. Medtronic Plc.

            14.3.2.1. Company Details

            14.3.2.2. Business Overview

            14.3.2.3. Financial Overview

            14.3.2.4. Strategic Overview

            14.3.2.5. SWOT Analysis

        14.3.3. Boston Scientific Corporation

            14.3.3.1. Company Details

            14.3.3.2. Business Overview

            14.3.3.3. Financial Overview

            14.3.3.4. Strategic Overview

            14.3.3.5. SWOT Analysis

        14.3.4. Abbott

            14.3.4.1. Company Details

            14.3.4.2. Business Overview

            14.3.4.3. Financial Overview

            14.3.4.4. Strategic Overview

            14.3.4.5. SWOT Analysis

        14.3.5. CardioFocus Inc.

            14.3.5.1. Company Details

            14.3.5.2. Business Overview

            14.3.5.3. Financial Overview

            14.3.5.4. Strategic Overview

            14.3.5.5. SWOT Analysis

        14.3.6. MicroPort Scientific Corporation

            14.3.6.1. Company Details

            14.3.6.2. Business Overview

            14.3.6.3. Financial Overview

            14.3.6.4. Strategic Overview

            14.3.6.5. SWOT Analysis

        14.3.7. Hansen Medical

            14.3.7.1. Company Details

            14.3.7.2. Business Overview

            14.3.7.3. Financial Overview

            14.3.7.4. Strategic Overview

            14.3.7.5. SWOT Analysis

        14.3.8. Stryker Corporation

            14.3.8.1. Company Details

            14.3.8.2. Business Overview

            14.3.8.3. Financial Overview

            14.3.8.4. Strategic Overview

            14.3.8.5. SWOT Analysis

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Cardiac Ablation Technologies Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026