Atrial Fibrillation Market 2023 Development Trends

From: crystal market research
Published: Fri Dec 08 2017

The Atrial Fibrillation Market was worth USD 3.43 billion in the year 2013 and is expected to reach approximately USD 8.96 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 11.25% during the forecast period. The worldwide atrial fibrillation market is anticipated to encounter a critical development over the figure time frame. Increasing predominance of atrial fibrillation in geriatric population, mechanical headway sand increment in inclination of catheter removal for cardiovascular arrhythmia treatment will drive the atrial fibrillation market over the forecast period. However, deficiency of talented experts and negative inclination towards pharmaceutical mediations (drugs) over AF treatment gadgets are relied upon to ruin the atrial fibrillation market growth.

The worldwide atrial fibrillation market is segmented into Surgical, EP Ablation and Diagnostic on the basis of applications. EP Ablation section of the application segment is expected to demonstrate highest market share over the forecast period as it is generally utilized as surgical devices for the treatment of heart arrhythmias. Moreover, EP Ablation is mostly preferred when anticoagulant drugs and different meds cannot be regulated or endured by the patient. Hence, this section is expected to show significant growth of the atrial fibrillation market in the upcoming years.

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North America held a significant share of the atrial fibrillation market in 2014 due to the increasing awareness of the people towards to minimally invasive procedures and increase in disposable income especially among middle income group. The Asia-Pacific market has not experienced any substantial growth due to high pricing and low Government initiatives towards the market, but can experience favorable growth in coming years owing to increasing in disposable income in the region.

The Atrial Fibrillation Market is segmented as follows-

By Product Type:

• Access Devices
• EP Mapping & Recording Systems
• Cardiac Monitors
• EP Ablation Catheters
• EP Diagnostic Catheters
• LAA Closure
• Other Product Types

By Application:

• Surgical
• EP Ablation
• Diagnostic

By End User:

• Electrophysiology Labs
• Hospitals
• Ambulatory Surgical Center

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