New York, Global Cardiac Ablation Market was valued at US$ 3.29 billion in 2021 and it is anticipated to grow up to US$ 11.34 billion by 2031, at a CAGR of 13% during the forecast period.
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Cardiac ablation, also known as radiofrequency ablation or pulmonary vein ablation, is a treatment for atrial fibrillation. It works by causing small scars in heart tissue with energy or by damaging heart tissue and causing an irregular heartbeat. There are two kinds of ablation: radiofrequency ablation and cryoablation. It works by inserting a long, flexible tube into a vein or artery in the groyne and threading it to the heart to deliver energy in the form of heat. There are numerous factors that can cause cardiac arrhythmia. Pre-existing medical conditions such as diabetes, hypertension, hyperthyroidism, mental stress, heart conditions, old age, and other such factors, as well as lifestyle-related factors such as smoking, alcohol abuse, drug abuse, excessive caffeine consumption, and others, are examples of such factors. Furthermore, certain dietary supplements, herbal treatments, and medications can cause cardiac arrhythmia.
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Market Drivers and Trends
The increase in cases of atrial fibrillation among people all over the world is the primary driver of the industry’s growth. The global elderly population is growing, which is fueling the growth of the cardiac ablation market. According to the National Library of Medicine, people over the age of 80 are more likely to develop atrial fibrillation, one of the most common types of arrhythmias. Furthermore, according to the Centers for Disease Control and Prevention, nearly 12.1 million people in the United States will have AFib by 2030. As a result, the growing geriatric population base, combined with an increasing number of atrial fibrillation cases, will create lucrative market development opportunities.
Furthermore, the industry’s growth will be driven by rising risk factors and advances in the treatment of cardiac rhythm disorders. Growing awareness of better healthcare services, as well as an increase in the number of ablation centers, will boost the overall growth of the cardiac ablation industry. The use of cardiac ablation will increase as healthcare infrastructure improves. These factors are expected to drive the growth of the global Cardiac Ablation Market.
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Global Cardiac Ablation Market Segmentation
By Product
- Radiofrequency Ablators
- Electrical Ablators
- Cryoablation devices
- Ultrasound Ablators
By End-User
- Hospitals
- Ambulatory surgical centers
- Cardiac centers
- Others
By Application
- Catheter-Based
- Open Surgery
Major Players in the Global Cardiac Ablation Market
The key players studied in the global Cardiac Ablation Market are Abbott Laboratories (US), AngioDynamics, Inc. (US), AtriCure Inc., Biotronik SE & Co. KG. (Germany), Boston Scientific Corporation (US), Conmed Corporation (US), Japan Lifeline (Japan), Medtronic plc (Ireland), MicroPort Scientific Corporation (China), Stereotaxis, Inc. (US)
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