Press release
Remote Catheter Manipulation Device Market Sees Rising Investment in R and D and Increasing Adoption of Minimally Invasive Procedures Worldwide
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Remote Catheter Manipulation Device Market- by Indication (Electrophysiology Studies, Vascular Interventional Surgery, and RF Catheter Ablation), Type of Catherter (Intracardiac Echocardiography (ICE), Ablation Catheter, and Circular Mapping Catheter), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."The Remote Catheter Manipulation Device Market is expected to grow at a 6.8% CAGR during the forecast period for 2024-2031.
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Catheter ablation, a widely adopted and highly effective procedure for treating arrhythmias, requires the use of specialized catheters. These mobile catheters must navigate within the cardiovascular system and heart chambers to accurately identify arrhythmic substrates prior to ablation. The procedure necessitates skilled manipulation by an experienced electrophysiologist, typically under fluoroscopic guidance. However, reliance on fluoroscopy can result in significant radiation exposure, posing health risks to both patients and medical personnel. While lead aprons are commonly used for radiation protection, they contribute to operator fatigue and increase the risk of musculoskeletal injuries during prolonged procedures.
To address these limitations, the market has witnessed the emergence of mechanically operated robotic catheter systems, such as VDrive, Niobe, Sensei X, and Amigo RCS. These technologies are designed to enhance procedural safety, precision, and efficiency.
The global market for remote catheter manipulation devices is being propelled by the growing prevalence of cardiovascular diseases, along with related conditions such as obesity, diabetes, and hypertension. Furthermore, the increasing incidence of atrial fibrillation-particularly among the aging population-and ongoing research and development in catheter ablation technologies are expected to drive market expansion over the forecast period. Additional contributing factors include advancements in catheter system technologies, the rising global burden of arrhythmia, strategic efforts by key market players to expand their geographic presence, and the growing preference for ablation procedures due to their high accuracy and reduced recovery times compared to traditional treatments.
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Moreover, continuous investment in R&D aimed at improving early detection and diagnostic capabilities for atrial fibrillation has led to the development of more effective remote catheter systems, further supporting market growth. However, challenges such as the limited availability of skilled professionals and the high costs associated with these procedures are anticipated to restrain market growth to some extent in the coming years.
North America is anticipated to be the major contributor to the Remote Catheter Manipulation Device market over the forecast years due to the increasing use of advanced technology and the presence of big market players here In addition, expanding elderly populations and rising cardiovascular disease rates will accelerate market expansion. In addition, the Asia Pacific Remote Catheter Manipulation Device market is expected to grow significantly during the forecast period because of excellent reimbursement policies in this region Furthermore, the countries' permissive regulatory environment and increased imports from the main market participants would accelerate the market's growth rate in this area.
Major market players operating in the Remote Catheter Manipulation Device market include
Sterotaxis, Inc., Catheter Precision Inc., Hansen Medical, Boston Scientific, Biosense Webster, etc.
Recent collaborations and agreements in the market:
• In June 2021, Medtronic has acquired FDA approval for cryoablation catheters. The device is intended for the treatment of paroxysmal atrial fibrillation as an early rhythm control approach. The strategy assisted the corporation in expanding its product line and strengthening its customer portfolio.
• In December 2020, after receiving the CE Mark, Acutus announced that its AcQBlate Force Sensing Ablation System would be made available in Europe. The AcQBlate Force Sensing Ablation System was created with a force-sensing, gold-tipped, irrigated radiofrequency ablation catheter that is commercially available.
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Market Segments
Global Remote Catheter Manipulation Device Market, by Type of Catheter, 2022-2030 (Value US$ Mn)
• Intracardiac Echocardiography (ICE)
• Ablation Catheter
• Circular Mapping Catheter
Global Remote Catheter Manipulation Device Market, by Indication, 2022-2030 (Value US$ Mn)
• Electrophysiology Studies
• Vascular Interventional Surgery
• Rf Catheter Ablation
Global Remote Catheter Manipulation Device Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Remote Catheter Manipulation Device Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Remote Catheter Manipulation Device Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Remote Catheter Manipulation Device Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Remote Catheter Manipulation Device Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Remote Catheter Manipulation Device Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Remote Catheter Manipulation Device market
To receive an industry overview and future trends of the Remote Catheter Manipulation Device market
To analyze the Remote Catheter Manipulation Device market drivers and challenges
To get information on the Remote Catheter Manipulation Device market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Remote Catheter Manipulation Device market industry
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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