The global
market for atrial fibrillation procedures and products is expected to
reach USD 16.17 billion by 2020 growing at a CAGR of 13.2%, according to
a new study by Grand View Research, Inc. Growing incidences of atrial
fibrillation, strokes and brain damage due to blood clots coupled with a
growing global base of geriatric population is expected to be a key
driver for this market. Some of the other drivers of this market include
the introduction of technological advancements in the fields of
radiofrequency and microwave catheter ablation, growing demand for
minimally invasive procedures and increasing
prevalence of disease causing lifestyle habits such as smoking and
excessive alcohol consumption. Pharmacological products for Atrial
Fibrillation dominated the overall market in terms of revenue in 2013 at
over 55.0%. Relatively low prices associated with these products and
the use of anti-coagulants as an add-on therapy to non-pharmacological
procedures, are some of the drivers of this segment.
The report “Atrial Fibrillation Market
Analysis By Procedure (Pharmacological Drugs, Anti-arrhythmic,
Anti-coagulant, Non-Pharmacological Treatments, Radiofrequency, HIFU,
Cryoablation, Microwave, Laser, Catheter
Ablation, Maze Surgery, Electric Cardioversion) And Segment Forecasts
To 2020,” is available now toGrand View Researchcustomers and can also
be purchased directly at http://www.grandviewresearch.com/industry-analysis/atrial-fibrillation-treatment-industry
Further key findings from the study suggest:
• Regionally, North America occupied the
largest share of the market, accounting for over 42% of the global
revenue in 2013. Its large share is majorly
attributed by the presence of high market penetration rates of
non-pharmacological procedures and sophisticated reimbursement
frameworks.
• Asia Pacific is expected to register the highest CAGR of 15.3% during the forecast period. Growing demand for non-pharmacological treatments on account of constantly improving healthcare infrastructure, patient awareness and disposable income levels are some of the factors accounting for its rapid growth.
• Radiofrequency catheter ablation procedures segment is expected to grow at the fastest CAGR of over 15% over the next six years owing to the optimal size of the lesion produced, better maneuverability to make tight bends inside the heart and the time required to produce a lesion. The less invasiveness, smaller incisions and faster recovery times of catheter ablation is expected to drive demand for non-pharmacological treatments.
• Maze surgery occupied the second largest share of the non-pharmacological treatment market. This can be accounted for by the fact that in most cases it removes the need of life-long anti-coagulants based treatment while reducing occurrence of strokes.
• Anti coagulants dominated the pharmacological treatment market on account of relatively higher success rates of AF treatment through reducing incidences of blood clot formation and strokes.
• Asia Pacific is expected to register the highest CAGR of 15.3% during the forecast period. Growing demand for non-pharmacological treatments on account of constantly improving healthcare infrastructure, patient awareness and disposable income levels are some of the factors accounting for its rapid growth.
• Radiofrequency catheter ablation procedures segment is expected to grow at the fastest CAGR of over 15% over the next six years owing to the optimal size of the lesion produced, better maneuverability to make tight bends inside the heart and the time required to produce a lesion. The less invasiveness, smaller incisions and faster recovery times of catheter ablation is expected to drive demand for non-pharmacological treatments.
• Maze surgery occupied the second largest share of the non-pharmacological treatment market. This can be accounted for by the fact that in most cases it removes the need of life-long anti-coagulants based treatment while reducing occurrence of strokes.
• Anti coagulants dominated the pharmacological treatment market on account of relatively higher success rates of AF treatment through reducing incidences of blood clot formation and strokes.
For the purpose
of this study, Grand View Research has segmented the global atrial
fibrillation market on the basis of fields of procedures and region:
• Atrial Fibrillation Procedures Outlook
• Pharmacological Products
• Anti-arrhythmic Drugs
• Anti-coagulant Drugs
• Non-Pharmacological Treatment
• Catheter Ablation Procedures
• Radiofrequency
• HIFU
• Cryoablation
• Microwave
• Laser
• Maze Surgery
• Electric Cardioversion
• Atrial Fibrillation Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
• Pharmacological Products
• Anti-arrhythmic Drugs
• Anti-coagulant Drugs
• Non-Pharmacological Treatment
• Catheter Ablation Procedures
• Radiofrequency
• HIFU
• Cryoablation
• Microwave
• Laser
• Maze Surgery
• Electric Cardioversion
• Atrial Fibrillation Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
Grand View Research, Inc. is a market
research and consulting company that provides off-the-shelf, customized
research reports and consulting services. To help clients make informed
business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and energy. With a
deep-seated understanding of varied business environments, Grand View
Research provides strategic objective insights. For more information,
visit http://www.grandviewresearch.com/
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone:
1-415-349-0058Email: sales@grandviewresearch.com
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