Cardiac Ablation Technologies Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Cardiac Ablation Technologies Market Size accounted for USD 4.8 Billion in 2021 and is projected to occupy a market size of USD 12.6 Billion by 2030 growing at a CAGR of 11.6% from 2022 to 2030.

Cardiac ablation technologies scars small areas of a humans heart that may be causing them heart rhythm issues. This can obstruct the passage of irregular electrical signals or rhythms through the heart.The cardiac ablation technologies market is driven by rising incidence of atrial fibrillation and technological advancement.

Cardiac Ablation Technologies Market Report Statistics

• Global cardiac ablation technologies market revenue is projected to reach USD 12.6 Billion by 2030 with a CAGR of 11.6% from 2022 to 2030
• North America cardiac ablation technologies market share generated over 41% shares in 2021
• According to the World Health Organization, over 17.9 million people die from cardiovascular diseases (CVDs) every year
• As per the CDC report, 697,000 people in the United States died from heart disease in 2020
• Asia-Pacific cardiac ablation technologies market growth will register impressive CAGR of over 12% from 2022 to 2030
• Based on technology type, radiofrequency recorded over 56% of the overall market share in 2021
• Among end-use, hospitals generated shares of over 65% in 2021
• Technological advancement in cardiac ablation devices is a popular cardiac ablation technologies market trend that fuels the industry demand

Global Cardiac Ablation Technologies Market Dynamics

Market Drivers

• Growing prevalence of CVDs such as cardiac arrhythmias
• Increasing awareness for cardiac ablation procedures over conventional procedures
• Rising elderly population across the world

Market Restraints

• Strict regulations for these procedures
• High risk linked with cardiac ablation devices

Market Opportunities

• Increasing trend for minimally invasive procedures
• Rising investment and technological advancements in cardiac ablation technologies

Cardiac Ablation Technologies Market Report Coverage

Cardiac Ablation Technologies Market Growth Factors

Rising prevalence of atrial fibrillation and increase in adoption of cardiac ablation technologies for the treatment of atrial fibrillation are the driving factors boosting the growth of the cardiac ablation technologies market. Also, increase in patient preference for minimally invasive surgeries and technological advancement creates demand for cardiac ablation technologies which is bolstering the growth of the global cardiac ablation technologies market.

Cardiac Ablation Technologies Market Insights

There is huge presence of elderly population in developed countries such as the U.S, and most countries of Europe, and Japan. Developed countries are witnessing high rate of aging as compared to developing nations. This factor is contributing to the rise in improved healthcare infrastructure, favorable government norms, and technological advancements in healthcare facilities in these developed countries. Additionally, ease of access to several diagnostic services has developed in the recent years, particularly in developed countries. This, in turn, has improved the life expectancy of the population in these countries. The aged population is the target user of cardiac ablation technologies as there is higher risk of increasing cardiac diseases

Cardiac Ablation Technologies Market Segmentation

The global cardiac ablation technologies market is segmented based on technology type, application, end-user, and geography.

Cardiac Ablation Technologies Market By Technology Type

• Radiofrequency
• Cryoablation
• Laser
• Ultrasound
• Microwave
• Others

Based on technology type, the radiofrequency segment accounted for around 56% share of the global market. The radiofrequency ablation procedure is a well-known procedure that offers high safety and efficiency that leads to higher adoption of these technologies. Moreover, it is a least invasive procedure that has low risk and less pain and is easy to perform which is further contributing to the growth of global cardiac ablation technologies market.

Cardiac Ablation Technologies Market By Application

• Atrial Fibrillation
• Ventricular Tachycardia
• Ophthalmic Applications

According to the cardiac ablation technologies market forecast, atrial fibrillation is expected to hold a significant market share between 2022 and 2030. As cardiac ablation technology is widely used to treat atrial fibrillation, an increase in cases is proving to be a growth generator. Revenue in the radiofrequency segment is expected to grow rapidly, accounting for more than half of global revenue.

Cardiac Ablation Technologies Market By End-User

• Hospitals
• Ambulatory Surgery Centers (ASCs)
• Cardiac Centers

According to the global cardiac ablation technologies industry analysis, the hospitals end-user grabbed an impressive chunk of the total end-user shares in 2021 and is expected to grow significantly over the projected period. Over the last few years, healthcare spending has skyrocketed. Furthermore, technological advancements in minimally invasive procedures combined with an increase in the number of people opting for surgeries, are driving segmental growth.

Cardiac Ablation Technologies Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Cardiac Ablation Technologies Market Regional Analysis

Increase in patient preference for minimally invasive surgeries and technological advancement creates demand for cardiac ablation technologies which is one of the key factors for the growth of the cardiac ablation technologies market. North America is anticipated to hold major share of the global market, due to higher adoption of cardiac ablation technologies and increase in medical expenditure. Europe is predicted to account for a significant share of the global market during the forecast period. Increase in incidence of atrial fibrillation and other heart diseases is projected to fuel the market growth in the region. The market in Asia Pacific region is expected to grow at a rapid pace due to the rise in healthcare expenditure.

Cardiac Ablation Technologies Market Players

The major players associated with the cardiac ablation technologies market are Medtronic Plc, St. Jude Medical, Inc. (Abbott), Stryker Corporation, MicroPort Scientific Corporation, Boston Scientific Corporation, CardioFocus Inc., Biosense Webster, Inc. (Johnson & Johnson), and CONMED Corporation etc. The key players in the cardiac ablation technologies market are constantly focusing on research and development in order to expand their product portfolio and increase their customer base in developing regions. Key manufacturers invests heavily in research and development to manufacture low weighting, fuel efficient and innovative cardiac ablation technologies models. Additionally, players associated with the global cardiac ablation technologies market are focusing mainly on merger and acquisition and developing strategic partnerships with other players in order to expand their product portfolio and to increase the market share.