Cardiac Ablation Catheters Market by Technology (Radiofrequency, Electrical, Cryoablation, Ultrasound, Microwave), Product (Irreversible Electroporation, HIFU, MRgFUS), Application (Cardiac Arrhythmia, Atrial Fibrillation, tachycardia, Open Surgery) - Global Forecast to 2021
The global cardiac ablation catheters market is poised to grow at a CAGR of 11.5% during 2016-2021. Although the mature markets (such as the U.S., Germany, France, and U.K.) hold larger shares in the cardiac ablation catheters market, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The growth of the cardiac ablation catheters market is driven by factors such as growing geriatric population coupled with an increasing population base of cardiovascular disease patients, ongoing technological advancements in the field of cardiac ablation catheters products, increasing demand for minimally invasive cardiac treatment procedures, and growing awareness about benefits of cardiac ablation procedures over conventional therapeutic and surgical procedures. However, factors such as cost-containment measures taken by various governments and ongoing healthcare reforms in the U.S. are restraining the growth of this market. Therapeutic challenges related to ablation procedures and stringent regulatory guidelines leading to significant increase in gestation period of product launches is posing a significant challenge for the growth of the cardiac ablation catheters market.
In this report, the global cardiac ablation catheters market has been segmented on the basis of type of technology (radiofrequency, electrical, cryoablation, ultrasound, and microwave ablation technologies), product (radiofrequency ablators, electrical ablators, cryoablation devices, ultrasound ablators, and microwave ablators), and type of application (cardiac rhythm management, open surgery, and others). The radiofrequency ablation technology segment accounted for the largest share of the global cardiac ablation market in 2014, followed by the electrical ablation technology market. Factors such as rising awareness regarding application of radiofrequency ablation in cardiac treatment, presence of large number of radiofrequency ablation centers across the region, and low procedural cost of radiofrequency-based cardiac ablation are driving the growth of the market.
Geographically, North America (comprising the U.S. and Canada) is expected to command the largest share of the global cardiac ablation catheters market in 2016, followed by Europe. The cardiac ablation catheters market in the North America is primarily driven by factors such as presence of large number of ablation centers, increasing installation base of advanced cardiac ablation catheters, increasing demand for minimally invasive cardiac treatment procedures, and growing awareness about the benefits of ablation procedures over conventional therapeutic and surgical procedures. However, Asia-Pacific region is poised to grow at the highest CAGR during next five years, owing to factors such as large patient population base, growing government support to increase public access for advanced therapeutic and surgical procedures, and strengthening healthcare infrastructure across the region.
The global cardiac ablation catheters market is moderately competitive with a various global as well as local market players. As of 2015, the global cardiac ablation catheters market was dominated by Medtronic Plc (U.S.), AtriCure, Inc. (U.S.), Biosense Webster Inc. (U.S.), Boston Scientific Corporation (U.S.), and St Jude Medical, Inc. (U.S.). New product launches, partnerships, agreements, and collaborations, and strategic acquisitions are the major strategies adopted by most of the market players to achieve growth in the global cardiac ablation catheters market.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis — industry analysis (industry trends and Porter’s five force model), market share analysis of top ten players, and company profiles, competitive landscape scenario, emerging and high growth segments of the cardiac ablation catheters market, high-growth regions and their respective drivers, restraints, challenges, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market, share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on cardiac ablation catheter products offered by the top 10 players in the global cardiac ablation catheters market. The report analyzes the cardiac ablation catheters market by type of technology, product, and application across key geographic region
- Product Development/Innovation: Detailed insights on upcoming cardiac ablation technologies, research and development activities, and new product launches in the global cardiac ablation catheters market
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various cardiac ablation catheter products across key geographic region
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global cardiac ablation catheters market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the global cardiac ablation catheters market
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Limitations
1.5 Market Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Analysis
2.2.3 Supply-Side Analysis
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions
3 Executive Summary
3.1 Introduction
3.2 History, Evolution, and Current Scenario
3.3 Future Outlook
3.4 Conclusion
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Market, By Technology
5.2.2 Market, By Product
5.3.3 Market, By Application
5.3 Market Evolution
5.4 Market Dynamics
5.4.1 Key Market Drivers
5.4.2 Key Market Restraints
5.4.3 Key Market Opportunities
5.4.4 Key Market Challenges
6 Industry Insights
6.1 Introduction
6.2 Value Chain Analysis
6.3 Industry Trends
6.4 Porter's Five Forces Analysis
6.4.1 Threat From New Entrants
6.4.2 Threat From Substitutes
6.4.3 Bargaining Power of Suppliers
6.4.4 Bargaining Power of Buyers
6.4.5 Intensity of Competitive Rivalry
7 Cardiac Ablation Catheters Market, By Technology
7.1 Introduction
7.2 Radiofrequency (Rf) Ablation
7.3 Electrical Ablation
7.4 Cryoablation
7.5 Ultrasound Ablation
7.6 Microwave Ablation
8 Cardiac Ablation Catheters Market, By Product
8.1 Introduction
8.2 Radiofrequency (RF) Ablation Catheters
8.2.1 Single Point Radiofrequency Ablation Catheters
8.2.2 Multielectrode Radiofrequency Ablation Catheters
8.2.3 Contact Force Sensing Radiofrequency Ablation Catheters
8.3 Electrical Ablation Catheters
8.3.1 Argon Plasma/Beam Coagulators
8.3.2 Irreversible Electroporation Ablators
8.4 Cryo Ablation Catheters
8.4.1 Tissue Contact Probes
8.4.2 Tissue Spray Probes
8.5 Ultrasound Ablation Catheters
8.5.1 High-Intensity Focused Ultrasound Ablation Catheters
8.5.2 Magnetic Resonance Guided Focused Ultrasound Ablation Catheters
8.5.3 Ultrasound Surgical Ablation Systems
8.6 Microwave Ablation Catheters
8.6.1 Microwave Thermotherapy Devices
9 Cardiac Ablation Catheters Market, By Application
9.1 Introduction
9.2 Cardiac Rhythm Management
9.2.1 Cardiac Arrythmia
9.2.2 Atrial Fibrillation and Flutter
9.2.3 Tachycardia
9.3 Open Surgery
9.4 Others
10 Cardiac Ablation Catheters Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 U.K.
10.3.4 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Rest of Asia-Pacific
10.5 Rest of the World (RoW)
11 Competitive Landscape
11.1 Introduction
11.2 Market Share Analysis, By Key Players (2015)
11.3 Competitive Scenario
11.4 Recent Developments
11.4.1 New Products Launches and Product Enhancements
11.4.2 Agreements, Partnerships, and Agreements
11.4.3 Mergers and Acquisitions
11.4.4 Geographic Expansions
11.4.5 Other Developments
12 Compny Profiles*
12.1 Introduction
12.2 Advanced Cardiac Therapeutics
13.2.1 Business Overview**
13.2.2 Financial Overview
13.2.3 Product Portfolio
13.2.4 Key Strategies
13.2.5 Recent Developments
12.3 Alcon Laboratories Inc.
12.4 Angiodynamics, Inc.
12.5 Atricure, Inc.
12.6 Biosense Webster (A Subsidiary of Johnson&Johnson Inc.)
12.7 Boston Scientific Corporation
12.8 Conmed Corporation
12.9 Medtronic, PLC
12.10 Olympus Corporation
12.11 St. Jude Medical, Inc.
13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Introducing RT : Real Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
*The List of Top Ten Leading Companies in the Market Could Change With the Progress of Market Study
**Details on Financials, Product & Services, Strategy, & Developments Might Not Be Captured in Case of Unlisted Companies.
List of Tables (72 Tables)
Table 1 Global Cardiac Ablation Catheters Market Size, By Technology, 2014-2021 (USD Million)
Table 2 Market Size for Radiofrequency Ablation Technology, By Region, 2014-2021 (USD Million)
Table 3 Market Size for Electrical Ablation Technology, By Region, 2014-2021 (USD Million)
Table 4 Market Size for Cryoablation Ablation Technology, By Region, 2014-2021 (USD Million)
Table 5 Market Size for Ultrasound Ablation Technology, By Region, 2014-2021 (USD Million)
Table 6 Market Size for Microwave Ablation Technology, By Region, 2014-2021 (USD Million)
Table 7 Market Size, By Product, 2014-2021 (USD Million)
Table 8 Market Size for Radiofrequency Ablators, By Type, 2014-2021 (USD Million)
Table 9 Market Size for Temperature-Controlled Radiofrequency Ablators, By Region, 2014-2021 (USD Million)
Table 10 Cardiac Ablation Catheters Market Size for Fluid-Cooled Radiofrequency Ablators, By Region, 2014-2021 (USD Million)
Table 11 Market Size for Robotic Catheter Manipulation Systems, By Region, 2014-2021 (USD Million)
Table 12 Market Size for Electrical Ablators, By Type, 2014-2021 (USD Million)
Table 13 Market Size for Argon Plasma/Beam Coagulators, By Region, 2014-2021 (USD Million)
Table 14 Market Size for Irreversible Electroporation Ablators, By Region, 2014-2021 (USD Million)
Table 15 Market Size for Cryoablation Devices, By Type, 2014-2021 (USD Million)
Table 16 Market Size for Tissue Contact Probes, By Region, 2014-2021 (USD Million)
Table 17 Market Size for Tissue Spray Probes, By Region, 2014-2021 (USD Million)
Table 18 Market Size for Ultrasound Ablators, By Type, 2014-2021 (USD Million)
Table 19 Market Size for High-Intensity Focused Ultrasound Ablators, By Region, 2014-2021 (USD Million)
Table 20 Market Size for Magnetic Resonance Focused Ultrasound Ablators, By Region, 2014-2021 (USD Million)
Table 21 Market Size for Ultrasound Ablation Systems, By Region, 2014-2021 (USD Million)
Table 22 Market Size for Microwave Thermotherapy Devices, By Region, 2014-2021 (USD Million)
Table 23 Market Size, By Application, 2014-2021 (USD Million)
Table 24 Market Size for Cardiac Rhythm Management, By Application, 2014-2021 (USD Million)
Table 25 Market Size for Cardiac Rhythm Management, By Region, 2014-2021 (USD Million)
Table 26 Market Size for Cardiac Arrythmia Application, By Region, 2014-2021 (USD Million)
Table 27 Market Size for Atrial Fibrillation and Flutter Application, By Region, 2014-2021 (USD Million)
Table 28 Market Size for Tachycardia Application, By Region, 2014-2021 (USD Million)
Table 29 Market Size for Open Surgical Ablation Application, By Region, 2014-2021 (USD Million)
Table 30 Market Size for Other Applications, By Region, 2014-2021 (USD Million)
Table 31 Market Size, By Region, 2014-2021 (USD Million)
Table 32 North American Market Size, By Country, 2014-2021 (USD Million)
Table 33 U.S.: Market Size, By Technology, 2014-2021 (USD Million)
Table 34 U.S.: Market Size, By Product, 2014-2021 (USD Million)
Table 35 U.S.: Market Size, By Application, 2014-2021 (USD Million)
Table 36 Canada: Market Size, By Technology, 2014-2021 (USD Million)
Table 37 Canada: Market Size, By Product, 2014-2021 (USD Million)
Table 38 Canada: Market Size, By Application, 2014-2021 (USD Million)
Table 39 European Market Size, By Country, 2014-2021 (USD Million)
Table 40 Germany: Market Size, By Technology, 2014-2021 (USD Million)
Table 41 Germany: Market Size, By Product, 2014-2021 (USD Million)
Table 42 Germany: Market Size, By Application, 2014-2021 (USD Million)
Table 43 France: Market Size, By Technology, 2014-2021 (USD Million)
Table 44 France: Market Size, By Product, 2014-2021 (USD Million)
Table 45 France: Market Size, By Application, 2014-2021 (USD Million)
Table 46 U.K.: Market Size, By Technology, 2014-2021 (USD Million)
Table 47 U.K.: Market Size, By Product, 2014-2021 (USD Million)
Table 48 U.K.: Size, By Application, 2014-2021 (USD Million)
Table 49 Rest of Europe: Market Size, By Technology, 2014-2021 (USD Million)
Table 50 Rest of Europe: Market Size, By Product, 2014-2021 (USD Million)
Table 51 Rest of Europe: Market Size, By Application, 2014-2021 (USD Million)
Table 52 Asia-Pacific Market Size, By Country, 2014-2021 (USD Million)
Table 53 Japan: Market Size, By Technology, 2014-2021 (USD Million)
Table 54 Japan: Cardiac Ablation Market Size, By Product, 2014-2021 (USD Million)
Table 55 Japan: Market Size, By Application, 2014-2021 (USD Million)
Table 56 China: Market Size, By Technology, 2014-2021 (USD Million)
Table 57 China: Market Size, By Product, 2014-2021 (USD Million)
Table 58 China: Market Size, By Application, 2014-2021 (USD Million)
Table 59 India: Market Size, By Technology, 2014-2021 (USD Million)
Table 60 India: Market Size, By Product, 2014-2021 (USD Million)
Table 61 India: Market Size, By Application, 2014-2021 (USD Million)
Table 62 Rest of Asia-Pacific: Market Size, By Technology, 2014-2021 (USD Million)
Table 63 Rest of Asia-Pacific: Market Size, By Product, 2014-2021 (USD Million)
Table 64 Rest of Asia-Pacific: Market Size, By Application, 2014-2021 (USD Million)
Table 65 RoW: Market Size, By Technology, 2014-2021 (USD Million)
Table 66 RoW: Market Size, By Product, 2014-2021 (USD Million)
Table 67 RoW: Market Size, By Application, 2014-2021 (USD Million)
Table 68 Top 5 New Product Launches and Product Enhancements, 2012–2014
Table 69 Top 5 Agreements, Partnerships, and Collaborations, 2013–2016
Table 70 Top 5 Geographical Expansions, 2013–2016
Table 71 Top 5 Mergers and Acquisitions, 2013–2016
Table 72 Top 5 Other Developments, 2013–2016
List of Figures (57 Figures)
Figure 1 Research Design
Figure 2 Healthcare Expenditure Across Key Markets: 2000 vs 2014
Figure 3 Healthcare Spending Matrix: Key Markets (2014)
Figure 4 Global Rise in Proportion of Geriatric Population (2000 - 2014)
Figure 5 Increase in Aging Population, By Country (2010 vs 2015)
Figure 6 Global Burden of Cardiovascular Diseases, By Region – 2005 to 2030
Figure 7 Rising Incidence of CVS Ailments Across Key Regions: 2008 vs 2012
Figure 8 Growing Prevalence of Cardiac Arrythmia Across Key Markets, 2012
Figure 9 Annual Cardiac Ablation Procedures Across Key Global Markets (2014)
Figure 10 Number of New Product Launches: Cardiac Ablation vs Other Applications , 2013–2015
Figure 11 Cardiac Ablation Catheters vs Parent Market: A Comparative Study
Figure 12 Top-Down Approach
Figure 13 Bottom-Up Approach
Figure 14 Data Triangulation
Figure 15 Assumptions of the Research Study
Figure 16 Cardiac Ablation Catheters Market, By Type (2016): Microwave Ablation Market to Grow at the Highest Rate in the Forecast Period
Figure 17 Cardiac Ablation Technologies Market, By Application (2016)
Figure 18 Cardiac Ablation Catheters Market Share, By Region (2016): Asia-Pacific to Offer High Growth Opportunities to Market Players
Figure 19 Attractive Growth Opportunities in the Cardiac Ablation Technologies Market
Figure 20 North America Commands the Largest Share of the RF Ablation Technologies Market in 2016
Figure 21 Developing Markets to Grow Twice as Fast as Developed Ones
Figure 22 Demand for Cardiac Ablation Catheters is Estimated to Increase Rapidly for Arrythmia and Atrial Fibrillation Treatments
Figure 23 Rising Prevalence of CVS Diseases Will Spurr the Demand for Cardiac Ablation Procedures
Figure 24 Worldwide Prevalence of CVS Diseases: 2014 vs 2020
Figure 25 Global Distribution of CVS Mortility Rates Among Males, 2014
Figure 26 Global Distribution of CVS Mortality Rates Among Females, 2014
Figure 27 Increasingly Aging Population Across Major and Emerging Nations (2012 vs 2020)
Figure 28 Percentage Change in Annual Healthcare Expenditure—Developed vs Developing Countries (2010-2014)
Figure 29 Value Change Analysis (2015): Major Value is Added During Manufacturing Phase
Figure 30 Presence of Large Number of New Entrants Increases Market Competition
Figure 31 Microwave Ablation Segment to Grow the Fastest Among All Technogies in Cardiac Ablation Catheters Market
Figure 32 North America Will Continue to Dominate the Radiofrequency Cardiac Ablation Technologies Market for Next Five Years
Figure 33 North America is Expected to Cover Nearly Half of the Cardiac Cryoablation Market in 2016
Figure 34 Asia-Pacific Market of Cardiac Ablation Catheter Products to Grow the Fastest for Radiofrequency Ablators Segment
Figure 35 Market Share of Irreversible Electroporation Ablators to Grow the Highest in Electrical Ablators Segment
Figure 36 Tissue Spray Probes to Grow at the Highest CAGR During the Forecast Period in Cryoablation Devices Segment
Figure 37 Rising Incidence of CVS Diseases in the Asian Region is Augmenting the Market Growth for Microwave Ablators
Figure 38 Market Share By Key Ablation Technologies in Cardiac Arrythmia Applications (2016)
Figure 39 Market Share By Key Ablation Technologies in Tachycardia Ablation Treatment Market (2016)
Figure 40 Market Share By Key Ablation Technologies in Open Surgical Ablation Procedures (2016)
Figure 41 Geographic Snapshot (2016): Rapidly Growing Markets are Emerging as New Hot Spots
Figure 42 North America Cardiac Ablation Market: Demand Will Be Driven By High Prevalence of Cardiovascular Diseases
Figure 43 Germany is Expected to Commant the Major Share of European Cardiac Ablation Catheters Market in 2016
Figure 44 Asia-Pacific Cardiac Ablation Catheters Market Snap Shot (2016): China is the Most Lucrative Market
Figure 45 Global Cardiac Ablation Catheters Market Share, By Key Player, 2015
Figure 46 Strategic Benchmarking: Leading Companies Focus on Technological Advancements to Strengthen Their Market Position
Figure 47 Geographic Revenue Mix of the Top Five Players
Figure 48 Advanced Cancer Therapeutics: Company Snapshot
Figure 49 Alcon Laboratories Inc.: Company Snapshot
Figure 50 Angiodynamics, Inc.: Company Snapshot
Figure 51 Atricure, Inc.: Company Snapshot
Figure 52 Biosense Webster: Company Snapshot
Figure 53 Boston Scientific Corporation: Company Snapshot
Figure 54 Conmed Corporation: Company Snapshot
Figure 55 Medtronic PLC: Company Snapshot
Figure 56 Olympus Corporation : Company Snapshot
Figure 57 St Jude Medical, Inc.: Company Snapshot
Growth opportunities and latent adjacency in Cardiac Ablation Catheters Market