Market Size of Global Atrial Fibrillation Surgery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 12.20 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Atrial Fibrillation Surgery Market Analysis
The Atrial Fibrillation Surgery Market is expected to register a CAGR of nearly 12.2% during the forecast period (2022-2027).
COVID-19 patients with cardiovascular disorders are at high risk and are most vulnerable to multiple organ failures, including myocarditis and rhythm disturbance. The data from Wuhan, China, has indicated that arrhythmia and acute cardiac injury were amongst the most prevalent heart complications in confirmed-positive cases of COVID-19. Furthermore, the February 2020 case report in the Journal of the American Medical Association (JAMA) identified common complications, such as shock (8.7%), acute respiratory distress syndrome (19.6%), arrhythmia (16.7%), and acute cardiac injury (17.2%) among hospitalized patients. Moreover, patients who received care in the ICU were more likely to have one of these complications than non-ICU patients.
Moreover, owing to the evolving public health crisis of COVID-19, remote monitoring allows clinicians to maintain necessary patient rapport with their healthcare provider when required. Healthcare providers can access information remotely about a patient's health while the patient is at home, which will reduce the need for hospital visits and minimize the risk of exposure to COVID-19. New technologies and digital platforms to aid in remote care should be developed, and further research on the role of telehealth, continuous data collecting, advanced automotive features, and remote patient monitoring is needed to guide best practices, which may fuel the growth of the studied market.
The atrial fibrillation market is driven by the rising prevalence of obesity and heart diseases across the globe. Additionally, heart diseases are one of the major causes of mortality across the globe, and due to the changing lifestyle, the number of people suffering from heart diseases is growing rapidly.
Additionally, the launch of new products in the market will further boost the market growth. For instance, in April 2022, AtriCure, Inc. launched the EnCompass Clamp, a part of the Isolator Synergy Ablation System in the United States. The EnCompass Clamp received FDA 510(k) clearance for ablation of cardiac tissue during cardiac surgery and is designed to make concomitant surgical ablations more efficient.
Furthermore, the rising research and development procedures highlighting the advancements in the Atrial fibrillation market will also boost the market. For instance, in January 2022, Peerbridge Health collaborated with Northwell Health on their newly launched AFib Center of Excellence, a multi-disciplinary effort that optimizes treatment for patients with atrial fibrillation (AFib). With Peerbridge's support, Northwell's AFib Center of Excellence will conduct a pilot program focusing on AFib patients with undiagnosed obstructive sleep apnea (OSA). The pilot aims to help cardiology and sleep physicians better understand the critical link between the two conditions and how best to quickly and effectively treat AFib and OSA concurrently. Thus, advancements in atrial fibrillation therapeutics are expected to drive the market.
Hence, owing to the aforementioned factors, the market studied is expected to grow in the forecast period. However, the high cost of procedures and regulatory issues associated with these devices is expected to hinder the market growth.
Atrial Fibrillation Surgery Industry Segmentation
As per the scope of the report, atrial fibrillation (AF) is a common abnormal heart rhythm that occurs when electrical impulses fire off from different places in the atria in a disorganized way. It often begins as short periods of abnormal beating, which become longer or continuous over time. High blood pressure and valvular heart disease are the most common modifiable risk factors for AF. The atrial fibrillation surgery market is segmented by product (catheter ablation and surgical ablation), end user (hospitals, ambulatory surgical centers, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
By Product | |
Catheter Ablation | |
Surgical Ablation |
By End User | |
Hospitals | |
Ambulatory Surgical Centers | |
Other End Users |
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Global Atrial Fibrillation Surgery Market Size Summary
The atrial fibrillation surgery market is poised for significant growth, driven by the increasing prevalence of obesity and heart diseases globally. The market is experiencing a surge in demand due to the rising incidence of cardiovascular disorders, which are exacerbated by lifestyle changes. The COVID-19 pandemic has further highlighted the importance of managing heart conditions, as patients with cardiovascular issues faced higher risks of severe complications. This has led to a greater emphasis on remote monitoring and telehealth solutions, which are expected to contribute to market expansion. The introduction of innovative products, such as AtriCure's EnCompass Clamp, and advancements in research and development, like the collaboration between Peerbridge Health and Northwell Health, are also propelling the market forward. However, challenges such as high procedural costs and regulatory hurdles may impede growth.
The ambulatory surgical center segment is anticipated to witness robust growth due to improved healthcare infrastructure and the benefits of minimally invasive surgeries, which offer reduced pain, shorter hospital stays, and quicker recovery times. The North American region, particularly the United States, is expected to dominate the market, supported by a large patient pool, technological advancements, and favorable insurance policies. Key players like Boston Scientific Corporation and Medtronic Plc are actively contributing to market growth through product innovations and regulatory approvals. The market remains fragmented and moderately competitive, with both local and global companies focusing on new product developments and technological advancements to capture a larger market share.
Global Atrial Fibrillation Surgery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Burden of Obesity and Heart Diseases
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1.2.2 Rising Number of Programs to Enhance Public Awareness
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1.3 Market Restraints
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1.3.1 High Cost of Procedure
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1.3.2 Regulatory Issues Associated with the Devices
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - in USD Million)
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2.1 By Product
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2.1.1 Catheter Ablation
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2.1.2 Surgical Ablation
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2.2 By End User
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2.2.1 Hospitals
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2.2.2 Ambulatory Surgical Centers
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2.2.3 Other End Users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle-East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Global Atrial Fibrillation Surgery Market Size FAQs
What is the current Global Atrial Fibrillation Surgery Market size?
The Global Atrial Fibrillation Surgery Market is projected to register a CAGR of 12.20% during the forecast period (2024-2029)
Who are the key players in Global Atrial Fibrillation Surgery Market?
Boston Scientific Corporation, Medtronic Plc, Biotronik, AtriCure, Inc. and Cardiofocus, Inc. are the major companies operating in the Global Atrial Fibrillation Surgery Market.