Ablation Catheters Market: Trends, Growth Forecasts, and Key Players 2024-2031

Market Size
Ablation Catheters Market size was valued at US$ 2933.29 million in 2021 and is estimated to reach US$ 417.41 million by 2031, growing at a CAGR of 5.86% during the forecast period (2024-2031).

Ablation refers to the process of eliminating a section of biological tissue, typically through a surgical procedure. Catheter ablation, on the other hand, is a less invasive method where a doctor maneuvers a slender, flexible tube (known as a catheter) through the heart's blood vessels to terminate (ablate) irregular electrical routes (signals) within the cardiac tissue.

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Ablation Catheters Market Trends

The escalating cases of coronary artery disease (CAD) and cardiac arrhythmia are anticipated to fuel the market expansion.

The global ablation catheters market is predominantly propelled by the increasing incidence of CAD and cardiac arrhythmia. CAD, being the leading cause of death worldwide, is projected to stimulate the market's growth throughout the forecast period.

As per the World Health Organization, CAD is projected to account for approximately 11.1 million deaths worldwide by 2020. In Europe, CAD claims the life of one in every seven women, while for men, the percentage ranges from 16% to 25%. Besides its impact on mortality, CAD is a major contributor to morbidity and deterioration of life quality. These factors render CAD a substantial public health issue, imposing significant economic burdens. The surge in cardiac arrhythmia cases is also expected to propel the market.

For example, the CDC's 2020 report indicates that atrial fibrillation results in over 750,000 hospitalizations annually and nearly 130,000 deaths each year. Hence, the growing number of cardiac arrhythmia cases is driving the market.

The market's growth is further boosted by the increasing technological advancements made by key players. The market is witnessing various innovative research studies and developments. For instance, in April 2022, Abbott announced the results from the PERSIST-END study, which revealed that the TactiCath contact force, a sensor-enabled ablation catheter device, was utilized to treat patients with persistent atrial fibrillation. Remarkably, almost 90% of patients exhibited no symptoms for 15 months post-procedure.

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Market Segmentation

By Product Type
Multielectrode ablation catheters
Single-point ablation catheters

By Procedure
Supraventricular tachycardia ablation
Atrial fibrillation ablation
Ventricular tachycardia ablation

By Technology
Radiofrequency ablation
Cryoablation

By End-User
Hospitals
Ambulatory Surgical Centers
Cardiac Centers
Others

Market Key Players
Major players are Biosense Webster Inc., Boston Scientific Corporation, Medtronic Plc, Abbott Laboratories, Angiodynamics, CardioFocus, PLC Medical Systems, Biotronik, AtriCure, Inc and Spectranetics.

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