Market Overview:
The global ablation catheters devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of cardiac arrhythmias, technological advancements in ablation devices, and rising demand for minimally invasive procedures. Based on type, the global ablation catheters devices market is segmented into multi-electrode ablations catheter, balloon ablations catheter, and others. The multi-electrode ablations catheter segment is expected to account for the largest share of the global market in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its ability to provide accurate lesion formation and high success rates for various applications such as atrial fibrillation (AF), ventricular tachycardia (VT), and others. Based on application, the global ablation catheters devices market is divided into hospitals, clinics, ambulatory surgery centers (ASCs), and other applications segments such as research institutes and home care settings). The hospitals segment accounted for majority share of 54% in 2017 owing rise in number surgical procedures being carried out across globe coupled with increase healthcare expenditure by governments worldwide .
Product Definition:
Ablation catheters are medical devices that are inserted into the body to remove or destroy tissue. They can be used to treat a variety of conditions, including cancer and heart disease.
Multi-electrode Ablation Catheter:
Multi-electrode ablation catheter, sometimes called MEA or MEA for short, is a medical device used during electrocardiogram (ECG) monitoring. It consists of an array of electrodes that are inserted into the body through the vein to provide better and effective results during ECG monitoring. The primary function of this device is to deliver electrical energy in order to destroy tissue cells without affecting any other body functions.
Balloon Ablation Catheter:
Ablation catheters are used for the treatment of slow-growing or non-communicable diseases. The most common use of ablation catheter is in patients suffering from peripheral artery disease (PAD) and coronary artery disease (CAD). These are small, flexible tubes made up of stainless steel or titanium that contains an attached radiofrequency coil. They are inserted into the blood vessels to remove plaque by heating it to a temperature that damages cells but leaves healthy tissues unaffected.
Application Insights:
Based on application, the global ablation catheters devices market is segmented into hospital, ASCs and others. The hospital segment dominated the market in 2017 owing to increasing prevalence of chronic diseases such as cancer and heart diseases that require surgical procedures for treatment. According to a study published by NCBI in 2018, it was estimated that around 1 in 6 deaths occur due to cancer worldwide every year. Thus, rising number of patients suffering from various cancers across the globe is contributing towards growth of this segment.
The ASCs segment is expected register significant growth over forecast period owing to introduction of new products with advanced features such as real-time 3D visualization and tracking system which helps surgeons during procedure thus improving outcomes further driving demand globally ablation catheters devices market by 2030 ¢â‚¬â€œ 2030.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for minimally invasive surgeries. Moreover, rising prevalence of target diseases such as cardiac arrhythmias and hypertension is expected to drive regional growth over the forecast period.
Asia Pacific region is anticipated to witness lucrative growth during the forecast period due to improving healthcare facilities & infrastructure coupled with growing medical tourism in emerging economies such as India & China. In addition, favorable government initiatives aimed at reducing cardiovascular disease (CVD) rates are expected to boost product penetration over the next eight years.
Growth Factors:
- Increasing incidence of cardiovascular diseases: The increasing incidence of cardiovascular diseases is the major growth driver for the ablation catheters devices market. According to the World Health Organization, an estimated 17.5 million people died from CVDs in 2012, representing 31% of all global deaths. This number is projected to increase to 23 million by 2030.
- Growing demand for minimally invasive procedures: The growing demand for minimally invasive procedures is another key growth driver for the ablation catheters devices market. Minimally invasive procedures are less traumatic and result in shorter hospital stays and faster recoveries than traditional open surgery techniques.
- Advances in technology: Technological advances have led to the development of new and more effective ablation catheter devices, which is driving market growth. For example, recent advances in energy delivery systems have enabled physicians to perform more complex ablations with greater precision and safety than ever before possible with older technologies such as radiofrequency (RF) or microwave (MW) ablation therapies .
Scope Of The Report
Report Attributes
Report Details
Report Title
Ablation Catheters Devices Market Research Report
By Type
Multi-electrode Ablation Catheter, Balloon Ablation Catheter, Others
By Application
Hospital, Clinic, ASCs
By Companies
Medtronic, Boston Scientific, Abbott, Biosense Webster, Medtronic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Ablation Catheters Devices Market Report Segments:
The global Ablation Catheters Devices market is segmented on the basis of:
Types
Multi-electrode Ablation Catheter, Balloon Ablation Catheter, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, ASCs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Boston Scientific
- Abbott
- Biosense Webster
- Medtronic
Highlights of The Ablation Catheters Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Multi-electrode Ablation Catheter
- Balloon Ablation Catheter
- Others
- By Application:
- Hospital
- Clinic
- ASCs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ablation Catheters Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ablation catheters are medical devices that use heat and/or lasers to destroy tissue.
Some of the major players in the ablation catheters devices market are Medtronic, Boston Scientific, Abbott, Biosense Webster, Medtronic.
The ablation catheters devices market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ablation Catheters Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ablation Catheters Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ablation Catheters Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ablation Catheters Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ablation Catheters Devices Market Size & Forecast, 2020-2028
4.5.1 Ablation Catheters Devices Market Size and Y-o-Y Growth
4.5.2 Ablation Catheters Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Multi-electrode Ablation Catheter
5.2.2 Balloon Ablation Catheter
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 ASCs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ablation Catheters Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ablation Catheters Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Multi-electrode Ablation Catheter
9.6.2 Balloon Ablation Catheter
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 ASCs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Multi-electrode Ablation Catheter
10.6.2 Balloon Ablation Catheter
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 ASCs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Multi-electrode Ablation Catheter
11.6.2 Balloon Ablation Catheter
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 ASCs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Multi-electrode Ablation Catheter
12.6.2 Balloon Ablation Catheter
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 ASCs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Multi-electrode Ablation Catheter
13.6.2 Balloon Ablation Catheter
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 ASCs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ablation Catheters Devices Market: Competitive Dashboard
14.2 Global Ablation Catheters Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Boston Scientific
14.3.3 Abbott
14.3.4 Biosense Webster
14.3.5 Medtronic
