Global Catheter Ablation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Catheter Ablation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Catheter Ablation is the treatment that destroys tumors or unwanted material without affecting other body tissues or organs.

Market Overview:

The latest research study on the global Catheter Ablation market finds that the global Catheter Ablation market reached a value of USD 3248.27 million in 2022. It’s expected that the market will achieve USD 5025.0 million by 2028, exhibiting a CAGR of 7.54% during the forecast period.

The increase in the number of arrhythmias has driven the growth of the cardiac ablation market.

Cardiac ablation is a non-invasive procedure that helps patients. Cardiac ablation is suitable for cardiac rhythm management, open surgery, and various other applications. With the increase in the number of arrhythmias in the world and the acceleration of the aging process of the population in most regions, the demand for cardiac ablation surgery has continued to increase, which has promoted the development of the Catheter Ablation industry.

Rising popularity

Compared to traditional therapies and surgical procedures, awareness of the benefits of cardiac ablation is increasing. Moreover, with the continuous technological progress in the field of cardiac ablation catheter products, its market penetration has continued to increase. For players in the industry, this will not only help to deepen market applications, but also help them expand their market scope and provide them with more opportunities.

Strict policy supervision

Factors such as cost control measures taken by governments and ongoing health care reforms in the United States are limiting the market's growth. The treatment challenges associated with ablation procedures and the stringent regulatory guidelines that lead to a significant increase in product launch during pregnancy pose significant challenges to the growth of the cardiac ablation catheter market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in United States (47.44% in 2022).

Company Overview:

Abbott is one of the major players operating in the Catheter Ablation market, holding a share of 14.36% in 2023.

Abbott

The Company offers surgical devices, medical instruments, apparatus, respiratory monitoring systems, medical supplies, and other equipment’s. Medtronic serves patients and health care professionals worldwide.

Medtronic

Medtronic, PLC develops therapeutic and diagnostic medical products. The Company's principal products include those for bradycardia pacing, tachyarrhythmia management, atrial fibrillation management, heart failure management, heart valve replacement, malignant and non-malignant pain, and movement disorders. Medtronic's products are sold worldwide.

Segmentation Overview:

By type, Radiofrequency Ablation segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Cardiovascular Disease segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Catheter Ablation market covered in Chapter 3:

Biosense Webster (Johnson & Johnson)
CONMED
Biotronik
AtriCure
Medtronic
Hologic
Lepu Medical
Olympus
AngioDynamics
Merit Medical
Abbott
Smith & Nephew
MicroPort
Lumenis
Boston Scientific

In Chapter 4 and Chapter 14.2, on the basis of types, the Catheter Ablation market from 2018 to 2029 is primarily split into:

Radiofrequency Ablation
Laser/Light Ablation
Cryoablation Ablation
Microwave Ablation
Hydrothermal Ablation
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Catheter Ablation market from 2018 to 2029 covers:

Cardiovascular Disease
Cancer
Ophthalmology
Pain Management
Gynecology
Orthopedic Treatment
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)