Atrial Fibrillation Devices Market share worth $12500 million by 2025

China atrial fibrillation devices market revenue surpassed USD 324.7 million in the year 2018 and is set to achieve significant CAGR from 2019 to 2025 helped by rising prevalence of cardiovascular diseases in the country.

Selbyville, United States - May 6, 2019 /MarketersMedia/ —

U.S atrial fibrillation devices market will achieve 13.9% CAGR during the forecast period. Availability of cutting-edge technologies and rising healthcare expenditure in the U.S. will enable efficient growth of atrial fibrillation devices market. With growing popularity of these systems, more and more installations are anticipated to take place during the projection years.

Hospitals as an end-use held significant market share and was valued at around USD 2,483.4 million in the year 2018. The hospital end-use segment is dominating the atrial fibrillation devices market owing to increasing number of multi-specialty hospitals and people's preference for hospitals over other healthcare facilities. Moreover, procedures related to atrial fibrillation are mostly performed in hospital settings. Hence, the demand for atrial fibrillation devices are highest in hospitals as compared to other healthcare facilities. Increasing number of hospitals admissions for atrial fibrillation in developed countries will strongly drive the segment growth in the coming years.

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EP ablation catheters market is forecasted to witness a lucrative CAGR of 14.4% over the forecast period. Ablation catheters are most extensively used across the globe owing to increasing preference for minimally invasive surgeries. Furthermore, adoption rate of catheter ablation system is high due to increasing success rate of paroxysmal, persistent and permanent conditions of atrial fibrillation procedures. Venture capital investment in research and development of such devices is another market augmenting factor.

Global Atrial Fibrillation Devices Market will cross USD 12500 million by 2025; according to a new research study published by Global Market Insights, Inc. Presence of sophisticated healthcare infrastructure and rising adoption rate of advanced technologies will be the major factors driving market growth. Furthermore, increasing baby boomers across the globe and availability of reimbursement scenario in developed regions will prove to be high market impact rendering factor for propelling the market growth.

Cardiac monitors or implantable loop recorder market was valued around USD 807.1 million in the year 2018. Gradual increasing acceptance of cardiac monitors will augment industry growth in forthcoming years. The adoption rate of cardiac monitors is increasing owing to efficient long-term heart rhythm monitoring it offers as compared to other standard Holter monitor or electrocardiogram. Moreover, rising demand for minimally invasive procedures is a major factor augmenting the growth of the market. The growing application of such devices is mainly associated with current technological enhancements including easier implant surgeries, miniaturization and remote nursing, all of it making this approach more promising and appealing. Hence, cardiac monitors or implantable loop recorders have been verified to be a highly effective and safe tool for detecting atrial fibrillation conditions and various atrial perturbations, thus boosting the growth of cardiac monitors or implantable loop recorder market.

Industry players having a strong foothold in the global atrial fibrillation devices market include Abbott Laboratories, Johnson & Johnson, Atricure Inc., Microport Scientific Corporation and Boston Scientific Corporation. Other notable participants include St. Jude medical, Inc., Medtronic Plc, Koninklijke Philips N.V., Siemens AG. etc. Several well-known firms are entering in sparsely addressed high potential geographies in order to expand their market presence. Innovative product launch in developing economies by these companies permits them to cater to unmet needs of the patient population and hence, expand revenue bases.

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Contact Info:
Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/atrial-fibrillation-devices-market

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Release ID: 509118