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Electrophysiology Ablation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 213 Pages
  • June 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5977517
Global Electrophysiology Ablation Market is projected to experience significant growth, increasing from a value of $3.6 billion in 2024 to $7.2 billion by 2031. Driven by advancements in medical technology and rising prevalence of cardiovascular diseases, the market is expected to grow at a robust CAGR of 10% during the forecast period.

Market Drivers

1. Rising Prevalence of Atrial Fibrillation: The global increase in atrial fibrillation cases is a significant driver for the market. AFib is linked to high blood pressure, heart attacks, and other cardiac conditions, leading to a higher demand for cardiac ablation procedures.

2. Technological Advancements: Innovations in electrophysiology and cardiac monitoring devices, such as the introduction of new electrophysiology ablation variants, are propelling market growth. Enhanced technologies including advanced cardiovascular imaging and telerobotics are also playing a crucial role in the market expansion.

3. Shift from Antiarrhythmic Drugs to Ablation Treatments: The market is experiencing a shift from traditional antiarrhythmic drugs to precise ablation methods as the first line of treatment for arrhythmias. This shift is increasing the demand for ablation-related products like catheters.

Product and Application Insights

  • Ablation Catheters: Expected to hold the largest market share by product type, these catheters are crucial in treating arrhythmias effectively with high cure rates.
  • Atrial Fibrillation (AF) Segment: Dominates the application segment due to the increasing number of AF cases globally. AF is a leading cause of hospital admissions and significantly contributes to cardiovascular mortality.

Regional Insights

  • United States: The U.S. is expected to maintain a substantial market share due to its advanced healthcare infrastructure, high public and private investment in healthcare, and a favorable reimbursement system.
  • Germany: With an aging population and a rise in minimally invasive cardiac procedures, Germany is poised to be a lucrative market for electrophysiology ablation manufacturers.
  • Japan: The presence of major international players and robust national healthcare infrastructure make Japan a prominent market for electrophysiology ablation.
Competitive Analysis The electrophysiology ablation market is highly competitive, with key players focusing on expanding their product portfolios and enhancing their global customer reach. Notable companies in the market include:
  • Biosense Webster
  • Abbott Laboratories
  • Medtronic PLC
  • Boston Scientific Corporation
  • CathRx Ltd
  • Biotronik SE & Co. KG
  • Japan Lifeline Co
  • ATRICURE, INC.
  • Auris Health
  • Biomerics

Recent Developments

  • Medtronic plc collaborated with Mpirik to address care disparities related to sudden cardiac arrest prevention.
  • Affera, Inc. was acquired by Medtronic plc to enhance its electrophysiology capabilities, particularly in mapping and navigation markets.

Key Segments Covered in Electrophysiology Ablation Industry Research

Product:

  • Diagnostic Catheter
  • Ablation Catheter
  • Access Device

Application:

  • Supraventricular tachycardia (SVT) ablation
  • Ventricular tachycardia(VT/VPC)
  • Atrial fibrillation (AF)

End User:

  • Hospital
  • Ambulatory Surgical Centre
  • Clinic

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa


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Table of Contents

1. Executive Summary
1.1. Global Electrophysiology Ablation Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Electrophysiology Ablation Market Outlook, 2019 - 2031
3.1. Global Electrophysiology Ablation Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
3.1.1. Key Highlights
3.1.1.1. Diagnostic Catheter
3.1.1.2. Ablation Catheter
3.1.1.3. Access Device
3.2. Global Electrophysiology Ablation Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
3.2.1. Key Highlights
3.2.1.1. Supraventricular tachycardia (SVT) ablation
3.2.1.2. Ventricular tachycardia(VT/VPC)
3.2.1.3. Atrial fibrillation (AF)
3.3. Global Electrophysiology Ablation Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
3.3.1. Key Highlights
3.3.1.1. Hospital
3.3.1.2. Ambulatory Surgical Centre
3.3.1.3. Clinic
3.4. Global Electrophysiology Ablation Market Outlook, by Region, Value (US$ Bn), 2019 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Electrophysiology Ablation Market Outlook, 2019 - 2031
4.1. North America Electrophysiology Ablation Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
4.1.1. Key Highlights
4.1.1.1. Diagnostic Catheter
4.1.1.2. Ablation Catheter
4.1.1.3. Access Device
4.2. North America Electrophysiology Ablation Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
4.2.1. Key Highlights
4.2.1.1. Supraventricular tachycardia (SVT) ablation
4.2.1.2. Ventricular tachycardia(VT/VPC)
4.2.1.3. Atrial fibrillation (AF)
4.3. North America Electrophysiology Ablation Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
4.3.1. Key Highlights
4.3.1.1. Hospital
4.3.1.2. Ambulatory Surgical Centre
4.3.1.3. Clinic
4.3.2. Market Attractiveness Analysis
4.4. North America Electrophysiology Ablation Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
4.4.1.2. U.S. Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
4.4.1.3. U.S. Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
4.4.1.4. Canada Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
4.4.1.5. Canada Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
4.4.1.6. Canada Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
4.4.2. Market Attractiveness Analysis
5. Europe Electrophysiology Ablation Market Outlook, 2019 - 2031
5.1. Europe Electrophysiology Ablation Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
5.1.1. Key Highlights
5.1.1.1. Diagnostic Catheter
5.1.1.2. Ablation Catheter
5.1.1.3. Access Device
5.2. Europe Electrophysiology Ablation Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
5.2.1. Key Highlights
5.2.1.1. Supraventricular tachycardia (SVT) ablation
5.2.1.2. Ventricular tachycardia(VT/VPC)
5.2.1.3. Atrial fibrillation (AF)
5.3. Europe Electrophysiology Ablation Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
5.3.1. Key Highlights
5.3.1.1. Hospital
5.3.1.2. Ambulatory Surgical Centre
5.3.1.3. Clinic
5.3.2. Market Attractiveness Analysis
5.4. Europe Electrophysiology Ablation Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
5.4.1.2. Germany Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.3. Germany Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
5.4.1.4. U.K. Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
5.4.1.5. U.K. Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.6. U.K. Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
5.4.1.7. France Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
5.4.1.8. France Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.9. France Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
5.4.1.10. Italy Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
5.4.1.11. Italy Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.12. Italy Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
5.4.1.13. Turkey Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
5.4.1.14. Turkey Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.15. Turkey Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
5.4.1.16. Russia Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
5.4.1.17. Russia Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.18. Russia Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
5.4.1.19. Rest of Europe Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
5.4.1.20. Rest of Europe Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.21. Rest of Europe Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
5.4.2. Market Attractiveness Analysis
6. Asia Pacific Electrophysiology Ablation Market Outlook, 2019 - 2031
6.1. Asia Pacific Electrophysiology Ablation Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
6.1.1. Key Highlights
6.1.1.1. Diagnostic Catheter
6.1.1.2. Ablation Catheter
6.1.1.3. Access Device
6.2. Asia Pacific Electrophysiology Ablation Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
6.2.1. Key Highlights
6.2.1.1. Supraventricular tachycardia (SVT) ablation
6.2.1.2. Ventricular tachycardia(VT/VPC)
6.2.1.3. Atrial fibrillation (AF)
6.3. Asia Pacific Electrophysiology Ablation Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
6.3.1. Key Highlights
6.3.1.1. Hospital
6.3.1.2. Ambulatory Surgical Centre
6.3.1.3. Clinic
6.3.2. Market Attractiveness Analysis
6.4. Asia Pacific Electrophysiology Ablation Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
6.4.1. Key Highlights
6.4.1.1. China Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
6.4.1.2. China Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.3. China Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
6.4.1.4. Japan Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
6.4.1.5. Japan Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.6. Japan Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
6.4.1.7. South Korea Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
6.4.1.8. South Korea Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.9. South Korea Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
6.4.1.10. India Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
6.4.1.11. India Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.12. India Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
6.4.1.13. Southeast Asia Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
6.4.1.14. Southeast Asia Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.15. Southeast Asia Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
6.4.1.16. Rest of Asia Pacific Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
6.4.1.17. Rest of Asia Pacific Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.18. Rest of Asia Pacific Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
6.4.2. Market Attractiveness Analysis
7. Latin America Electrophysiology Ablation Market Outlook, 2019 - 2031
7.1. Latin America Electrophysiology Ablation Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
7.1.1. Key Highlights
7.1.1.1. Diagnostic Catheter
7.1.1.2. Ablation Catheter
7.1.1.3. Access Device
7.2. Latin America Electrophysiology Ablation Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
7.2.1. Key Highlights
7.2.1.1. Supraventricular tachycardia (SVT) ablation
7.2.1.2. Ventricular tachycardia(VT/VPC)
7.2.1.3. Atrial fibrillation (AF)
7.3. Latin America Electrophysiology Ablation Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
7.3.1. Key Highlights
7.3.1.1. Hospital
7.3.1.2. Ambulatory Surgical Centre
7.3.1.3. Clinic
7.3.2. Market Attractiveness Analysis
7.4. Latin America Electrophysiology Ablation Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
7.4.1.2. Brazil Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
7.4.1.3. Brazil Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
7.4.1.4. Mexico Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
7.4.1.5. Mexico Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
7.4.1.6. Mexico Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
7.4.1.7. Argentina Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
7.4.1.8. Argentina Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
7.4.1.9. Argentina Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
7.4.1.10. Rest of Latin America Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
7.4.1.11. Rest of Latin America Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
7.4.1.12. Rest of Latin America Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
7.4.2. Market Attractiveness Analysis
8. Middle East & Africa Electrophysiology Ablation Market Outlook, 2019 - 2031
8.1. Middle East & Africa Electrophysiology Ablation Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
8.1.1. Key Highlights
8.1.1.1. Diagnostic Catheter
8.1.1.2. Ablation Catheter
8.1.1.3. Access Device
8.2. Middle East & Africa Electrophysiology Ablation Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
8.2.1. Key Highlights
8.2.1.1. Supraventricular tachycardia (SVT) ablation
8.2.1.2. Ventricular tachycardia(VT/VPC)
8.2.1.3. Atrial fibrillation (AF)
8.3. Middle East & Africa Electrophysiology Ablation Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
8.3.1. Key Highlights
8.3.1.1. Hospital
8.3.1.2. Ambulatory Surgical Centre
8.3.1.3. Clinic
8.3.2. Market Attractiveness Analysis
8.4. Middle East & Africa Electrophysiology Ablation Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
8.4.1.2. GCC Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.3. GCC Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
8.4.1.4. South Africa Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
8.4.1.5. South Africa Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.6. South Africa Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
8.4.1.7. Egypt Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
8.4.1.8. Egypt Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.9. Egypt Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
8.4.1.10. Nigeria Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
8.4.1.11. Nigeria Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.12. Nigeria Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
8.4.1.13. Rest of Middle East & Africa Electrophysiology Ablation Market by Product, Value (US$ Bn), 2019 - 2031
8.4.1.14. Rest of Middle East & Africa Electrophysiology Ablation Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.15. Rest of Middle East & Africa Electrophysiology Ablation Market by End User, Value (US$ Bn), 2019 - 2031
8.4.2. Market Attractiveness Analysis
9. Competitive Landscape
9.1. By Product vs By Application Heat map
9.2. Manufacturer vs by Application Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Abbott
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Boston Scientific
9.5.2.1. Company Overview
9.5.2.2. Product Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. Biosense Webster (Johnson & Johnson)
9.5.3.1. Company Overview
9.5.3.2. Product Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. MEDTRONIC PLC
9.5.4.1. Company Overview
9.5.4.2. Product Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. CathRx Ltd
9.5.5.1. Company Overview
9.5.5.2. Product Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. Biotronik SE & Co. KG.
9.5.6.1. Company Overview
9.5.6.2. Product Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Japan Lifeline Co
9.5.7.1. Company Overview
9.5.7.2. Product Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. ATRICURE, INC
9.5.8.1. Company Overview
9.5.8.2. Product Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
9.5.9. Auris Health
9.5.9.1. Company Overview
9.5.9.2. Product Portfolio
9.5.9.3. Financial Overview
9.5.9.4. Business Strategies and Development
9.5.10. Biomerics
9.5.10.1. Company Overview
9.5.10.2. Product Portfolio
9.5.10.3. Financial Overview
9.5.10.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

  • Abbott
  • Boston Scientific
  • Biosense Webster (Johnson&Johnson)
  • MEDTRONIC PLC
  • CathRx Ltd
  • Biotronik SE & Co. KG.
  • Japan Lifeline Co
  • ATRICURE,
  • Auris Health
  • Biomerics

Methodology

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