+1 915 229 3004 (U.S.) | 
+44 7452 242832 (U.K.)
+1 915 229 3004 (U.S.) | +44 7452 242832 (U.K.)
In 2020, the global atrial fibrillation market reached a valuation of $1,825.86 million, and projections indicate growth to $3,370.71 million by 2030, exhibiting a compound annual growth rate (CAGR) of 6.40% from 2021 to 2030. Atrial fibrillation, the most prevalent arrhythmia, disrupts the heart's upper chambers, resulting in irregular electrical impulses and a rapid, uneven heartbeat ranging from 100 to 175 beats per minute. Symptoms include confusion, dizziness, exhaustion, and fainting.
The COVID-19 pandemic impeded atrial fibrillation market growth due to lockdown measures affecting production and manufacturing of crucial devices in the healthcare sector.
Factors driving market expansion include the rising incidence of atrial fibrillation in the elderly, technological advancements, and a preference for catheter ablation in cardiac arrhythmia therapy. However, challenges include a shortage of experienced specialists and a bias towards pharmacological treatments over AF therapy devices. The emergence of biotechnology and genetics-based medication is expected to impact drug demand and reduce the necessity for AF devices. Combining medications with devices is identified as a promising approach for improving cardiac arrhythmia treatment outcomes, potentially contributing to market expansion.
Catheter ablation, a low-risk, minimally invasive procedure with a 95.10% success rate in treating cardiac arrhythmias, is a key component in the market. Major players, such as Abbott Laboratories, are introducing advanced catheter ablation devices, like the TactiFlex PAF IDE ablation catheter, designed for irregular heartbeat cases resistant to medication.
In 2020, the surgical segment dominated the market, driven by increased adoption of heart monitoring systems during atrial fibrillation treatment. Hospitals, particularly in North America, registered the highest revenue, with the region leading globally due to the adoption of technologically advanced devices and a surge in cardiac diseases among the aging population.
The market is segmented by type (surgical and non-surgical), technology (radiofrequency, laser, cryotherapy, and others), and end user (hospitals, specialty clinics, and others). Geographically, North America led in 2020, driven by technological adoption and a growing prevalence of cardiac diseases among the elderly.
The report offers a comprehensive analysis of current and emerging atrial fibrillation market trends, dynamics, and share. Stakeholders benefit from market estimations for key segments between 2021 and 2030, strategic competitor analysis, and insights into global opportunities. Key players, including Koninklijke Philips N.V., Boston Scientific Corporation, and Medtronic plc, are profiled, and their strategies are thoroughly examined.
· Surgical
· Non-Surgical
· Radiofrequency
· Laser
· Cryotherapy
· Others
· Hospitals
· Specialty Clinics
· Others
· North America (U.S., Canada, Mexico)
· Europe (Germany, France, UK, Italy, Rest of Europe)
· Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific)
· LAMEA (Latin America, Middle East, Africa)
· Koninklijke Philips N.V.
· Boston Scientific Corporation
· St. Jude Medical
· Biotronik SE & Co. KG
· MicroPort Scientific Corporation
· Johnson & Johnson
· Medtronic plc
· AtriCure Inc
· Siemens AG
· Abbott Laboratories
In 2020, the global atrial fibrillation market reached a valuation of $1,825.86 million, and projections indicate growth to $3,370.71 million by 2030.
The global market is projected to grow at a CAGR of 6.40% during the forecast period, 2023-2030.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65448
Published on :
Upcoming
Request a Free Sample Report
Speak to Analyst