What are driving factors of Atrial Fibrillation Devices Market ? Top players - Abbott Laboratories, Johnson & Johnson, Atricure Inc., Microport Scientific Corporation, Boston Scientific Corporation, St. Jude medical, Inc., Medtronic Plc, Koninklijke Phili
Presence of sophisticated healthcare infrastructure and rising adoption rate of advanced technologies will be the major factors driving market growth. Furthermore, increasing baby boomers across the globe and availability of reimbursement scenario in developed regions will prove to be high market impact rendering factor for propelling the market growth.
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Cardiac monitors or implantable loop recorder market was valued around USD 807.1 million in the year 2018. Gradual increasing acceptance of cardiac monitors will augment industry growth in forthcoming years. The adoption rate of cardiac monitors is increasing owing to efficient long-term heart rhythm monitoring it offers as compared to other standard Holter monitor or electrocardiogram. Moreover, rising demand for minimally invasive procedures is a major factor augmenting the growth of the market. The growing application of such devices is mainly associated with current technological enhancements including easier implant surgeries, miniaturization and remote nursing, all of it making this approach more promising and appealing. Hence, cardiac monitors or implantable loop recorders have been verified to be a highly effective and safe tool for detecting atrial fibrillation conditions and various atrial perturbations, thus boosting the growth of cardiac monitors or implantable loop recorder market.
The use of atrial fibrillation devices in hospitals is estimated to grow at around 14.2% over the forecast period. Rising popularity of multi-specialty hospitals in developing and developed countries will strongly contribute to greater demand for atrial fibrillation devices in this setting. Moreover, increasing preference of patients for hospital settings over other medical facilities will further augment market growth.
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The U.S. atrial fibrillation market is the largest in the world and projected to expand at a CAGR of 13.9% over the forecast period. During the forecast period, it will continue to grow with steady growth and lead the industry at a global level. Modern healthcare infrastructure, developing hospital sector, growing adoption of novel devices to address severe conditions of patients suffering from atrial fibrillation and growing rate of geriatric population in the country should drive the U.S. atrial fibrillation devices market during the projection years.
Some of the key industry players operating in the global atrial fibrillation market are Abbott Laboratories, Johnson & Johnson, Atricure Inc., Microport Scientific Corporation, Boston Scientific Corporation, St. Jude medical, Inc., Medtronic Plc, Koninklijke Philips N.V., and Siemens AG. The industry participants emphasize on mergers and acquisitions, new product developments, and geographical expansion to strengthen their foothold in the market and gain competitive advantage over its peers.
Atrial fibrillation devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
Atrial Fibrillation Devices Market by Product
• EP Ablation Catheters
• EP Diagnostic Catheters
• Mapping and Recording Systems
• Cardiac Monitors or Implantable Loop Recorder
• Access Devices
• Intracardiac Echocardiography (ICE)
• Left Atrial Appendage (LAA) Closure Devices
Atrial Fibrillation Devices Market by End-use
• Cardiac Centers
• Ambulatory Surgical Centers
The above information is provided for the following regions/countries:
• North America
o Czech Republic
• Asia Pacific
o South Korea
o New Zealand
• Latin America
• Middle East and Africa
o South Africa
o Saudi Arabia
Corporate Sales, USA
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