June 10, 2021
According to the research report titled ‘Cardiac Ablation Devices Market Insights, Competitive Landscape and Market Forecast-2026’, available with Market Study Report LC, global cardiac ablation devices market is anticipated to register an appreciable growth rate over throughout 2018-2026.
Expert analysts cite that increasing cases of cardiovascular diseases and booming geriatric population are fueling global cardiac ablation devices market growth. Moreover, technological advancements in cardiac ablation equipment and diagnostic tools for arrhythmia, along with favorable reimbursement policies are adding considerable traction to the market progression.
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For the uninitiated, cardiac arrythmias arise due to deficiency of electrical impulses that regulate heartbeats, and can potentially lead to stroke or heart failure if left untreated. Cardiac ablation is a surgical procedure that is used this condition by scarring tiny regions of the heart.
Elaborating on the factors negatively affecting global cardiac ablation devices industry development, high device costs along with concerns regarding procedural problems such as damage to blood vessel or heart valves, restriction of venous thromboembolism, and poisoning are the major challenges. In addition to these, the report also sheds light on the unmet medical requirements to identify the best business expansion opportunities and evaluate the underlying potential of the market.
Based on the product type, global cardiac ablation devices industry is categorized into electrical ablators, radiofrequency (RF) ablators, ultrasound ablators, cryoablation devices, and microwave ablators. In terms of function, the market is split into automated and conventional. Moving on, the application segmentation comprises open surgery, cardiac rhythm management, and others.
Considering the geographical bifurcation, as per the report, United States, United Kingdom, France, Spain, Italy, Japan, and Germany are the key contributors to global cardiac ablation devices market growth. All the sub-markets are assessed at a granular level with accurate forecasts for the same.
Speaking of the competitive landscape, Epix Therapetuics Inc. (formerly Advanced Cardiac Therapeutics), AngioDynamics Inc., Alcon AG, AtriCure Inc., Boston Scientific Corp., Biosense webster Inc., Conmed Corp., Olympus Corp., Medtronic plc, and St. Jude Medical Inc. are the leading players assessed in global cardiac ablation devices market report. These companies are scrutinized in terms of their financial status, product/service portfolio, and strategic undertakings.