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Atrial Fibrillation Devices Market By Product Type (Electrophysiology Ablation Catheters, Electrophysiology Diagnostic Catheters, Electrophysiology Mapping And Recording Systems, Cardiac Monitors, Access Devices, Left Atrial Appendage (LAA) & Closure Devices, Intracardiac Echocardiography (ICE) Systems & Others), By End-Use (Hospitals, Clinics, Ambulatory Surgery Centers (ASCs), Others) – Growth, Share, Opportunities & Competitive Analysis, 2018-2026

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Published: | Report ID: 2420 | Report Format : PDF

Atrial fibrillation devices market to exhibit rapid profitable growth during the forecast period

The global atrial fibrillation devices market accounted for market value of US$ 4,884.9 Mn in 2017 and expected to attain US$ 17,867.3 Mn by 2026. Worldwide growing geriatric population coupled with rising prevalence of obesity and hypertension are anticipated to nurture the market growth over the forecast period. In addition, technological developments in atrial fibrillation devices and the presence of favorable government initiatives across various countries expected to assist in the market growth.

Geriatric population is prone to develop chronic diseases such as atrial fibrillation and arrhythmia. The World Health Organization (WHO) projected worldwide population aged 60 years and above will upsurge from 962.0 million in 2017 to more than 2.0 billion in 2050 to 3.1 billion by 2100. Increasing prevalence of obesity and hypertension across the world leads to development of atrial fibrillation (AF or Afib). For instance, as per data published by the WHO, in 2016, over 1.9 billion population was overweight, of these more than 650.0 million adults were obese. This population further grew to 2.1 billion that is nearly 30.0% of the world’s population. As per an article published in the Journal of the American Society of Hypertension, worldwide prevalence of hypertension was 1.39 billion in 2010, which is anticipated to reach to 1.56 billion by 2025.

Technological developments in atrial fibrillation devices such as new 3D mapping technology is featured in ablation catheters that decreases fluoroscopy time and radiation dose for patients by tracking real time of device. Moreover, novel techniques such as convergent procedure, focal impulse and rotor modulation (FIRM) ablation, and WATCHMAN left atrial appendage closure (LAAC) procedure are gaining traction across the globe that is increasing the adoption of atrial fibrillation devices.

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Market Synopsis

The electrophysiology ablation catheters segment to hold major chunk of the market over the forecast period

The electrophysiology (EP) ablation catheters segment expected to dominate the market for next nine years owing to rising adoption of radiofrequency and microwave catheter ablation when patients are tolerant to anti-coagulation drugs. Patients who cannot recover from medicines and have symptomatic atrial fibrillation are the major target population for catheter ablation. Moreover, technological advancements such as radiofrequency catheter ablation and microwave-based catheter ablation are supporting the dominance of this segment. The radiofrequency catheter ablation procedure produces less irregular, more dense/homogenous lesions; hence, minimizes the length of procedures.

The cardiac monitors segment is likely to register comparatively higher CAGR over the forecast period due to the emergence of implantable cardiac monitors (ICMs) to monitor atrial fibrillation. The ICMs assess infrequent or potentially asymptomatic arrhythmias, evaluate unexplained syncope, and constantly monitor the electrocardiogram of patients and perform real-time analysis of the heart rhythm for up to 36 months. The ICMs are placed subcutaneously which automatically detect & record abnormal heart rhythms for up to five years. Other cardiac monitors such as holter monitor, event recorder, and mobile cardiac telemetry (MCT) are also used to monitor heart rhythms.

Hospitals segment contribute maximum to the overall growth of atrial fibrillation devices market

As per the data provided by the Cybermetrics Lab, a research group of the Spanish National Research Council/Consejo Superior de Investigaciones Científicas (CSIC) currently there are more than 16,500 hospitals across the globe. Worldwide surge in the number of hospitals coupled with comparatively higher adoption of atrial fibrillation devices during Afib procedures is supporting the dominance of the hospitals segment. Catheter ablations have become increasingly popular over the years and majorly performed in hospitals.

Higher spending on Afib and the presence of sophisticated healthcare infrastructure holds North America in dominant position

North America estimated to command the market during 2018 to 2026 due to the presence of sophisticated healthcare infrastructure and higher adoption of advanced technologies in the U.S. and Canada. According to AtriCure, Inc.’s data, U.S. has 6.0 million Afib patients who incurred a total cost of US$ 26.0 billion for the disease in 2017. U.S. holds more than US$ 1.0 billion market for atrial fibrillation devices. Rising prevalence of Afib in the UK, Germany, France and other European countries is also holding substantial market share in 2017. An article published in the European Heart Journal (EHJ) stated that around 4.5 million patients have AF that is forecasted to reach to 17.9 million in Europe by 2060.

Asia Pacific is anticipated to witness fastest market growth in near future owing to the larger population and older age groups that are susceptible to cardiac diseases. Also, growing awareness about Afib procedures, surging geriatric population, and rising healthcare expenditure in India, China, and Japan is expected to contribute to the regional market growth.

Dominance of established multinational players with strong product portfolio makes market penetration difficult for emerging players

Major players in this space are Medtronic; Boston Scientific Corporation; AtriCure, Inc.; Abbott Laboratories; Hansen Medical; Stereotaxis, Inc.; Biosense Webster, Inc.; Siemens Healthineers; BIOTRONIK SE & Co. KG; and CardioFocus, Inc. In December 2017, Abbott Laboratories launched Confirm Rx insertable cardiac monitor (ICM), a smartphone compatible ICM across India. This device is helping physicians to detect Afib and monitor their patients. In August 2016, in the U.S., Biosense Webster, Inc. launched THERMOCOOL SMARTTOUCH SF Catheter that to be used during catheter ablation procedures. In January 2014, AtriCure, Inc. acquired Endoscopic Technologies, Inc. (Estech), a California-based medical device manufacturing firm in order to strengthen its surgical ablation devices portfolio and to maintain a leadership position in the atrial fibrillation devices market. Abbott Laboratories and GE Healthcare collaborated in May 2015 to improve treatment of Afib patients and to gain a competitive edge. GE’s CardioLab sends electrogram signal data to Abbott’s RhythmView mapping software that help doctors in quickly diagnosing the source of heart rhythm disorders.

Historical & Forecast Period

This study report represents analysis for each segment from 2016 to 2026 considering 2017 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2018 to 2026.

Report Scope by Segments

Atrial fibrillation devices market comprises current market trends and dynamics along with quantitative analysis of the global market. The report elucidates thorough information of global atrial fibrillation devices market by segmenting the market in terms of product type, end-use, and geography. This report would guide healthcare professionals and market players in decision-making and strategizing market position.

The current report also comprehends qualitative market assessment factors such as market trends, key market drivers, restraints and opportunities that gives a better market understanding of the overall atrial fibrillation devices market. Furthermore, the report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths. Key industrial players profiled in the study report are Medtronic; Boston Scientific Corporation; AtriCure, Inc.; Abbott Laboratories; Hansen Medical; Stereotaxis, Inc.; Biosense Webster, Inc.; Siemens Healthineers; BIOTRONIK SE & Co. KG; CardioFocus, Inc.

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Key questions answered in this report

  • What are the current market trends and dynamics in the atrial fibrillation market and valuable opportunities for emerging players?
  • Which product contributes to the maximum market share?
  • Which product accounts for the fastest CAGR during the forecast period?
  • Which end-user holds a larger market share and why?
  • What is the impact of pharmaceutical drugs on the atrial fibrillation devices market?
  • Are low and middle-income economies investing in the atrial fibrillation devices market?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Scope
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions

Chapter 2 Executive Summary
2.1 Global AFD Market Portraiture
2.2 Global AFD Market, by Product Type, 2017 (US$ Mn)
2.3 Global AFD Market, by End-use, 2017 (US$ Mn)
2.4 Global AFD Market, by Geography, 2017 (US$ Mn)

Chapter 3 Global Atrial Fibrillation Devices (AFD) Market: Dynamics & Future Outlook
3.1 Market Overview
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Worldwide rising prevalence of obesity and hypertension
3.2.1.2 Technological advances in AFD
3.2.1.3 Driver 3
3.2.1.4 Driver 4
3.2.2 Challenges
3.2.2.1 Challenge 1
3.2.2.2 Challenge 2
3.2.3 Opportunities
3.2.3.1 Opportunity 1
3.2.3.2 Opportunity 2
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Competitive Landscape, by Key Players, 2017

Chapter 4 Global Atrial Fibrillation Devices (AFD) Market, by Product Type, 2016-2026 (US$ Mn)
4.1 Overview
4.2 Electrophysiology Ablation Catheters
4.3 Electrophysiology Diagnostic Catheters
4.3.1 Fixed Diagnostic Catheters
4.3.2 Steerable Diagnostic Catheters
4.3.3 Others (balloon catheters, microcatheters)
4.4 Electrophysiology Mapping and Recording Systems
4.5 Cardiac Monitors
4.6 Access Devices
4.7 Left Atrial Appendage (LAA) & Closure Devices
4.8 Intracardiac Echocardiography (ICE) Systems & Others

Chapter 5 Global Atrial Fibrillation Devices (AFD) Market, by End-use, 2016-2026 (US$ Mn)
5.1 Overview
5.2 Hospitals
5.3 Clinics
5.4 Ambulatory Surgery Centers (ASCs)
5.5 Others (electrophysiology labs, catheterization laboratories)

Chapter 6 Global Atrial Fibrillation Devices (AFD) Market, by Geography, 2016-2026 (US$ Mn)
6.1 Overview
6.2 North America AFD Market, 2016–2026 (US$ Mn)
6.2.1 North America AFD Market, by Product Type, 2016–2026 (US$ Mn)
6.2.2 North America AFD Market, by End-use, 2016–2026 (US$ Mn)
6.2.3 North America AFD Market, by Country, 2016–2026 (US$ Mn)
6.2.3.1 U.S.
6.2.3.2 Canada
6.3 Europe AFD Market, 2016–2026 (US$ Mn)
6.3.1 Europe AFD Market, by Product Type, 2016–2026 (US$ Mn)
6.3.2 Europe AFD Market, by End-use, 2016–2026 (US$ Mn)
6.3.3 Europe AFD Market, by Country/Region, 2016–2026 (US$ Mn)
6.3.3.1 U.K.
6.3.3.2 Germany
6.3.3.3 Rest of Europe
6.4 Asia Pacific AFD Market, 2016–2026 (US$ Mn)
6.4.1 Asia Pacific AFD Market, by Product Type, 2016–2026 (US$ Mn)
6.4.2 Asia Pacific AFD Market, by End-use, 2016–2026 (US$ Mn)
6.4.3 Asia Pacific AFD Market, by Country/Region, 2016–2026 (US$ Mn)
6.4.3.1 Japan
6.4.3.2 China
6.4.3.3 Rest of Asia Pacific
6.5 Latin America AFD Market, 2016–2026 (US$ Mn)
6.5.1 Latin America AFD Market, by Product Type, 2016–2026 (US$ Mn)
6.5.2 Latin America AFD Market, by End-use, 2016–2026 (US$ Mn)
6.5.3 Latin America AFD Market, by Country/Region, 2016–2026 (US$ Mn)
6.5.3.1 Brazil
6.5.3.2 Mexico
6.5.3.3 Rest of Latin America
6.6 Middle East & Africa AFD Market, 2016–2026 (US$ Mn)
6.6.1 Middle East & Africa AFD Market, by Product Type, 2016–2026 (US$ Mn)
6.6.2 Middle East & Africa AFD Market, by End-use, 2016–2026 (US$ Mn)
6.6.3 Middle East & Africa AFD Market, by Region, 2016–2026 (US$ Mn)
6.6.3.1 GCC
6.6.3.2 Rest of Middle East & Africa

Chapter 7 Company Profiles
7.1 AtriCure, Inc.
7.2 Boston Scientific Corporation
7.3 AtriCure, Inc.
7.4 Abbott Laboratories
7.5 Hansen Medical
7.6 Stereotaxis, Inc.
7.7 Biosense Webster, Inc.
7.8 Siemens Healthineers
7.9 BIOTRONIK SE & Co. KG
7.10 CardioFocus, Inc.

List of Figures

FIG. 1 Market Segmentation: Global Atrial Fibrillation Devices (AFD) Market
FIG. 2 Global AFD Market: Research Methodology
FIG. 3 Global AFD Market, by Product Type, 2017 (US$ Mn)
FIG. 4 Global AFD Market, by End-use, 2017 (US$ Mn)
FIG. 5 Global AFD Market, by Geography, 2017 (US$ Mn)
FIG. 6 Attractive Investment Proposition, by Geography, 2017
FIG. 7 Competitive Analysis: Global AFD Market, by Key Players, 2017
FIG. 8 Global Electrophysiology Ablation Catheters Market for AFD, 2016–2026 (US$ Mn)
FIG. 9 Global Fixed Diagnostic Catheters Market for AFD, 2016–2026 (US$ Mn)
FIG. 10 Global Steerable Diagnostic Catheters Market for AFD, 2016–2026 (US$ Mn)
FIG. 11 Global Others Market for AFD, 2016–2026 (US$ Mn)
FIG. 12 Global Electrophysiology Mapping and Recording Systems Market for AFD, 2016–2026 (US$ Mn)
FIG. 13 Global Cardiac Monitors Market for AFD, 2016–2026 (US$ Mn)
FIG. 14 Global Access Devices Market for AFD, 2016–2026 (US$ Mn)
FIG. 15 Global Left Atrial Appendage (LAA) & Closure Devices Market for AFD, 2016–2026 (US$ Mn)
FIG. 16 Global Intracardiac Echocardiography (ICE) Systems & Others Market for AFD, 2016–2026 (US$ Mn)
FIG. 17 Global Hospitals Market for AFD, 2016–2026 (US$ Mn)
FIG. 18 Global Clinics Market for AFD, 2016–2026 (US$ Mn)
FIG. 19 Global Ambulatory Surgery Centers (ASCs) Market for AFD, 2016–2026 (US$ Mn)
FIG. 20 Global Others Market for AFD, 2016–2026 (US$ Mn)
FIG. 21 U.S. AFD Market, 2016–2026 (US$ Mn)
FIG. 22 Canada AFD Market, 2016–2026 (US$ Mn)
FIG. 23 U.K. AFD Market, 2016–2026 (US$ Mn)
FIG. 24 Germany AFD Market, 2016–2026 (US$ Mn)
FIG. 25 Rest of Europe AFD Market, 2016–2026 (US$ Mn)
FIG. 26 Japan AFD Market, 2016–2026 (US$ Mn)
FIG. 27 China AFD Market, 2016–2026 (US$ Mn)
FIG. 28 Rest of Asia Pacific AFD Market, 2016–2026 (US$ Mn)
FIG. 29 Brazil AFD Market, 2016–2026 (US$ Mn)
FIG. 30 Mexico AFD Market, 2016–2026 (US$ Mn)
FIG. 31 Rest of Latin America AFD Market, 2016–2026 (US$ Mn)
FIG. 32 GCC AFD Market, 2016–2026 (US$ Mn)
FIG. 33 Rest of Middle East & Africa AFD Market, 2016–2026 (US$ Mn)

List of Tables

TABLE 1 Global Atrial Fibrillation Devices (AFD) Market, by Product Type, 2016–2026 (US$ Mn)
TABLE 2 Global Electrophysiology Diagnostic Catheters Market for AFD, 2016–2026 (US$ Mn)
TABLE 3 Global AFD Market, by End-use, 2016–2026 (US$ Mn)
TABLE 4 Global AFD Market, by Geography, 2016–2026 (US$ Mn)
TABLE 5 North America AFD Market, by Product Type, 2016–2026 (US$ Mn)
TABLE 6 North America AFD Market, by End-use, 2016–2026 (US$ Mn)
TABLE 7 North America AFD Market, by Country, 2016–2026 (US$ Mn)
TABLE 8 Europe AFD Market, by Product Type, 2016–2026 (US$ Mn)
TABLE 9 Europe AFD Market, by End-use, 2016–2026 (US$ Mn)
TABLE 10 Europe AFD Market, by Country, 2016–2026 (US$ Mn)
TABLE 11 Asia Pacific AFD Market, by Product Type, 2016–2026 (US$ Mn)
TABLE 12 Asia Pacific AFD Market, by End-use, 2016–2026 (US$ Mn)
TABLE 13 Asia Pacific AFD Market, by Country, 2016–2026 (US$ Mn)
TABLE 14 Latin America AFD Market, by Product Type, 2016–2026 (US$ Mn)
TABLE 15 Latin America AFD Market, by End-use, 2016–2026 (US$ Mn)
TABLE 16 Latin America AFD Market, by Country, 2016–2026 (US$ Mn)
TABLE 17 Middle East & Africa AFD Market, by Product Type, 2016–2026 (US$ Mn)
TABLE 18 Middle East & Africa AFD Market, by End-use, 2016–2026 (US$ Mn)
TABLE 19 Middle East & Africa AFD Market, by Country, 2016–2026 (US$ Mn)
TABLE 20 Medtronic: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 21 Boston Scientific Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 22 AtriCure, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 23 Abbott: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 24 Hansen Medical: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 25 Stereotaxis, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 26 Biosense Webster, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 27 Siemens Healthineers: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 28 BIOTRONIK SE & Co. KG: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 29 CardioFocus, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)

Frequently Asked Question:

What is the size of Atrial Fibrillation Devices Market?

The market for Atrial Fibrillation Devices Market is expected to reach USD$ 17,867.3 Mn in 2026.

What is the Atrial Fibrillation Devices Market CAGR?

The Atrial Fibrillation Devices Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Atrial Fibrillation Devices Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Atrial Fibrillation Devices Market?

The base year of this report is 2017.

Who are the major players in this market?

edtronic; Boston Scientific Corporation; AtriCure, Inc.; Abbott Laboratories; Hansen Medical; Stereotaxis, Inc.; Biosense Webster, Inc.; Siemens Healthineers; BIOTRONIK SE & Co. KG; and CardioFocus, Inc. are some of the major players in the global market.

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