The Pulsed Field Ablation Market Is Anticipated To Witness High Growth Owing To Rising Prevalence Of Cardiac Arrhythmias



Pulsed field ablation is a minimally invasive catheter-based procedure used to treat cardiac arrhythmias by delivering high-intensity electricity in short pulses directly on tissue causing arrhythmias. It utilizes pulsed electric fields for cardiac tissue ablation and aims to minimize muscle contraction, reduce procedural pain and improve safety over conventional RF ablation. The growing geriatric population prone to cardiac arrhythmias, increasing adoption of minimally invasive procedures and technological advancements in pulsed field ablation systems are major factors fueling the market growth.

The Pulsed Field Ablation Market is estimated to be valued at US$ 3.52 Bn in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the Pulsed Field Ablation market are Medtronic, Boston Scientific, Johnson & Johnson (Biosense Webster), Abbott Laboratories, Kardium.
Key opportunities in the market include rising patient awareness regarding safety benefits of pulsed field ablation over RF ablation and increasing sales of advanced pulsed field ablation systems through strategic collaborations.

 Major players are focusing on global expansion through partnerships with local medtech companies and establishing manufacturing and distribution facilities in emerging markets to tap into high growth regions.

Market Drivers

Rising prevalence of cardiac arrhythmias globally due to the growing geriatric population is a key driver bolstering the Pulsed Field Ablation market growth. According to WHO, the number of people aged 65 years and above is projected to grow from 703 million in 2019 to 1.5 billion in 2050 globally. The elderly are more prone to various heart conditions including arrhythmias.
Another major driver is the growing preference for minimally invasive procedures by patients and physicians over open surgeries due to the benefits of lesser pain, shorter hospital stays and quicker recovery times.

Market Restrains

High costs of pulsed field ablation procedures pose significant challenges in making them accessible to all patient segments. This is expected to hamper the market growth especially in price-sensitive developing regions. Further, lack of adequate clinical evidence demonstrating long term efficacy and safety over alternative ablation technologies also limits the adoption rate of pulsed field ablation systems.

Segment Analysis

The Pulsed Field Ablation Market can be segmented based on product type, application, and end user. Based on product type, it is segmented into disposable electrodes and reusable electrodes. The disposable electrodes dominating the market as it reduces the risks of cross-contamination and infections. It offers one-time use and then disposes electrodes off which is more hygienic.

Based on application, it is segmented into atrial fibrillation, ventricular tachycardia (VT), and others. The atrial fibrillation segment dominates the market attributed to the rising geriatric population, enhanced healthcare infrastructure and growing awareness regarding the disease treatment. Atrial fibrillation continues to be most common arrhythmia treated with Pulsed Field Ablation worldwide.

Global Analysis

Regionally, North America dominates the Pulsed Field Ablation Market due to growing incidences of cardiovascular diseases, developed healthcare infrastructure, and presence of major players in the region. According to the Centers for Disease Control and Prevention, atrial fibrillation was the underlying cause of over 150,000 deaths each year in the United States. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to rapidly developing healthcare infrastructure, rising disposable income, and growing medical tourism in countries like India and China. This is expected to boost the regional market growth.

Get more insights on this topic: https://www.newsanalyticspro.com/pulsed-field-ablation-market-is-estimated-to-witness-high-growth-owing-to-increasing-prevalence-of-atrial-fibrillation/

About Author:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. (LinkedIn - https://www.linkedin.com/in/priya-pandey-8417a8173/)

 

What Are The Key Data Covered In This Pulsed Field Ablation Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Pulsed Field Ablation Market's growth between 2024 and 2031.

:- Accurate calculation of the size of the Pulsed Field Ablation Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Pulsed Field Ablation Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Pulsed Field Ablation Market vendors

FAQ’s

Q.1 What are the main factors influencing the Pulsed Field Ablation Market?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Pulsed Field Ablation Market companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Pulsed Field Ablation Market’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

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