Comprehensive analysis on Electrophysiology Ablation Market | Key Players are: Biosense Webster, Abbott Laboratories, MEDTRONIC PLC, and Boston Scientific Corporation
Strategy Analysis through Competition Tracking - In a largely consolidated electrophysiology ablation market, key players with global recognition contribute approximately 88 percent revenue share to the global electrophysiology ablation market, with the top four players including Biosense Webster, Abbott Laboratories, MEDTRONIC PLC, and Boston Scientific Corporation contributing nearly US$ 1.1 Billion, collectively.
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Lying in the high growth-low revenue quadrant, the global electrophysiology ablation market is anticipated to expand at a stellar annual growth rate of 9.1 percent, standing at a valuation of US$ 2.3 Billion by 2019 end, as per a recent market analysis by Persistence Market Research. The growing demand for electrophysiology (EP) is attributed to the advancing EP technologies with new ablation tools to improve atrial fibrillation (AF) treatments.
Moreover, implantable rhythm management devices for less invasive procedures combines with miniaturized diagnostic monitoring systems are also pumping revenue into the global electrophysiology ablation market. In addition, electrophysiology ablation being the first line of treatment for arrhythmias, considered superior to antiarrhythmic drugs, is anticipated to be a key factor contributing to the electrophysiology ablation procedures.
Although, the electrophysiology ablation market is dominated by the top four leading players, emerging companies are projected to develop revolutionary products, thereby broadening the application scope. For instance, CathRx’s ground-breaking range of electrophysiology catheters called Khelix, is stated to be the first ‘reposable’ diagnostic and therapeutic catheters for the treatment of cardiac arrhythmias—allowing it to be used for 20 times in general practice of electrophysiology.
Leading companies in the electrophysiology ablation landscape are prominently focusing on developing efficient catheters to meet stringent regulatory standards set by governments of various countries, thereby reducing product recalls. Moreover, studies suggest significant price differences between countries and significant variations in competitors’ market shares across the EEA countries. The electrophysiology ablation market analysis by PMR offers deeper insights on how innovative technologies to cure arrhythmia, could shape the growth trajectory of electrophysiology ablation procedures.
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Considered as the most superior treatment form for patients with drug refractory scar-associated ventricular tachycardia (VT), ablation catheter is also known to result in patients developing comorbidities such as congestive heart failure (CHF) and pulmonary disease, specifically in patients with myocardial infarction-associated VT. Increased risks and complications associated with ablation catheter, translate into frequent hospital admissions and higher cumulative hospital costs.
As per PMR analysis, in terms of product type, ablation catheter segment is projected to account for nearly 48.0% revenue share of the global electrophysiology ablation market, majorly attributable to the increasing demand for them in hospitals and community set ups combined with efficient product developments, wherein newer treatments for AF use ablation catheter focusing on specific areas of the heart to yield better outcomes.
Table of Contents:
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FACT.MR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Market Overview
3.1. Global Electrophysiology Ablation Market Outlook
3.2. Opportunity analysis – Parent Market
3.3. Forecast Factors and Assumptions
4. Market Dynamics
4.1. Growth Drivers and Impact Analysis
4.2. Industry Challenges and Impact Analysis
4.3. Industry trends and Impact analysis
4.4. Opportunity Assessment in Electrophysiology Ablation Market
4.5. Macro - Economic Factors influencing demand
4.6. Key Regulations and Reimbursements scenario
4.7. Electrophysiology Sector M&A Activity
4.8. Patient Journey
4.9. Product Volume by region (2017)
5. Global Electrophysiology Ablation Market Analysis and Forecast
5.1. Global Electrophysiology Ablation Market Outlook
5.1.1. Market Value(US$ Mn) Forecast and Analysis
5.1.2. Price Index and Price Point Assessment
5.1.3. Regional Demand Assessment
188.8.131.52. Market Value Share by Region
5.2. Global Electrophysiology Ablation Market Analysis by Product Type
5.2.1. Diagnostic Catheter
5.2.2. Ablation Catheter
5.2.3. Access Device
5.3. Global Electrophysiology Ablation Market Analysis by Application
5.3.1. Supraventricular tachycardia (SVT) ablation
5.3.2. ventricular tachycardia(VT/VPC)
5.3.3. Atrial fibrillation (AF)
5.4. Global Electrophysiology Ablation Market Analysis by End User
5.4.2. Ambulatory Surgical Centre
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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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