Market Trends of Global Atrial Fibrillation Surgery Industry
This section covers the major market trends shaping the Atrial Fibrillation Surgery Market according to our research experts:
The Ambulatory Surgical Center Segment is Expected to Witness Good Growth over the Forecast Period
The ambulatory surgical center segment is expected to witness good growth due to enhanced healthcare infrastructure, availability of skilled labor, and affordability. The rising patient pool and growing geriatric population suffering from lifestyle diseases, such as atherosclerosis and heart failure, are expected to propel the market. However, compared to conventional surgeries, the benefits of minimally invasive surgeries will ultimately lead to segment growth. Benefits, such as reduced surgical pain, injury, hospital stay, higher accuracy, and speedy recovery time, are encouraging patients to opt for minimally invasive surgeries, which is expected to boost the market growth.
The addition of multiple services in advancing ambulatory surgical centers will further drive the market growth. For instance, in January 2021, HST Pathways launched a premier membership program for ambulatory surgery centers (ASCs), 'HST One.' This membership program will enable its end-user to select bundled popular products as part of their membership, with the flexibility to add additional services as needed. Such initiation of delivering customized services at ambulatory surgical centers will attract a greater number of patients and will lead to significant growth of the market.
In addition, owing to the increasing burden of obesity, there is an increase in the number of people suffering from atrial fibrillation. Hence, it is believed that an increased prevalence of obesity is contributing to the growth of the market.
Furthermore, the article "Same-Day Discharge After Catheter Ablation of Atrial Fibrillation in Traditional Nonambulatory and Freestanding Ambulatory Settings" published in April 2022, the periprocedural management of patients who receive catheter ablation for AF is similar to those undergoing ambulatory surgery. Thus, such advancements in ambulatory surgical centers for the smooth transition of atrial fibrillation surgeries will drive the segment growth.
Thus, due to the above-mentioned factors, the studied segment is expected to contribute significantly to market growth.
North America is the Major Growing Segment Over the Forecast Period
The North American region is expected to dominate the atrial fibrillation market. This is majorly attributed to the rising patient pool in the region and the presence of key players. The United States within the North American region is expected to dominate the market growth. As per the statistics provided by the CDC (Centre for Disease Control and Prevention), in September 2021, it is estimated that 12.1 million people in the United States will have atrial fibrillation in 2030, and with the rising geriatric population, it is expected that the demand for the studied market will grow in the future.
With the presence of key players in the country, technological advancements and the availability of favorable insurance policies are augmenting the growth of the market studied in the United States. For instance, in July 2020, Boston Scientific Corporation received the United States Food and Drug Administration approval for the WATCHMAN FLX Left Atrial Appendage Closure (LAAC) Device, which is indicated to reduce the risk of stroke in patients with non-valvular atrial fibrillation (NVAF) who requires alternative to oral anticoagulation therapy.
Additionally, in February 2022, Medtronic plc received United States Food and Drug Administration approval for Freezor and Freezor Xtra Cardiac Cryoablation Focal Catheters to treat the growing prevalence of pediatric Atrioventricular Nodal Reentrant Tachycardia (AVNRT).
Furthermore, growing research and development for proving the efficacies of existing products in the region will increase their adoption, thereby driving the market. For instance, in April 2022, CathVision reported the completion of patient enrollment in the CathVision ECGenius System clinical evaluation study at the University of Vermont Medical Center. ECGenius represents an important evolution in the quality of ECG signal acquisition, interpretation, and therapy support which help in correctly diagnosing and devising ablation strategies for complex arrhythmias, including atrial fibrillation (AF).
Thus, due to the above-mentioned factors, the studied market is expected to grow in the region during the study period.
