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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Cardiac ablation catheterization is a minimally invasive procedure for the diagnosis and treatment of congenital heart defects. Catheter ablation is a process employed to selectively destroy the areas of heart causing heart rhythm problems. Flexible thin wires called catheters are threaded up to the heart through the vein. The electrode at the end of each catheter emits radio waves that create heat, destroying the heart tissues responsible for causing faster heart rate or cardiac arrhythmia. The procedure can be carried out with prior electrophysiology (EP) study, allowing the doctors to identify the specific heart tissues where abnormal electrical pathways are located. Cardiac ablation catheters are often used when the people have persistent fast heart rates that are reluctant to drug therapy. Catheter ablations is usually performed by cardiologist or electrophysiologist. Arrhythmias may occur at any age but are more common among older people.

Rising prevalence of cardiac arrhythmia fuels the cardiac ablation catheters market

Catheter ablation procedures are expected to become a prevalent method of treating cardiac arrhythmias owing to the cost effective and safe treatment method. According to American Heart Association, around 33.5 million people were suffering from atrial fibrillation globally in 2013. In 2012, the World Health Organization confirmed that, cardiovascular diseases accounted for almost 37% of the global non-communicable disease-related mortalities with rising rates of obesity and unhealthy lifestyle. The increase in the prevalence of cardiovascular diseases like atrial fibrillation, atrial flutter and supraventricular tachycardia, decrease in heart muscle elasticity, decrease in heart output, aging population are the driving factors for the growth of cardiac ablation device markets. According to the study by American Heart Association in 2017, catheter-based ablation procedures claim 90% success rate with minimum risk of complications allowing patients to resume normal activities within a few days, thereby growing the demand for ablation catheters in surgical procedures.

Cryoablation catheters are expected to fuel the cardiac ablation device market owing to higher success rates and fewer complications

The global cardiac ablation catheters market is segmented on the basis of product type, technology, application, end user and geography.

On the basis of product type, the global cardiac ablation catheters market is segmented into:

  • Multielectrode ablation catheters
  • Single point ablation catheters

On the basis of technology, the global cardiac ablation catheters market is segmented into:

  • Radiofrequency ablation
  • Cryoablation

On the basis of applications, the global cardiac ablation catheters market is segmented into:

  • Supraventricular tachycardia (SVT)
  • Wolff-Parkinson-White (WPW) syndrome
  • Ventricular tachycardia
  • Others

On the basis of end-user, the global cardiac ablation catheters market is segmented into:

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Centers
  • Others

Sophisticated reimbursement frameworks to boost the cardiac ablation device market in North America

Regional segmentation of the cardiac ablation catheters market by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. According to the American Heart Association (AHA) estimates in 2016, atrial fibrillation (AF), the most common complex arrhythmia, affected between 2.7 and 6.1 million people in the U.S., and its prevalence is expected to double by 2050. Moreover, about 2-4 lakh new atrial fibrillation cases are diagnosed every year in the U.S. North America is expected to hold the largest share of the market owing to sophisticated reimbursement frameworks, rising penetration rates of non-pharmacological procedures. Asia Pacific is expected to register the highest growth during the forecast period due to the factors including growing patient awareness and disposable income levels, improving healthcare infrastructure and, demand for non-pharmacological treatments.

Development of innovative cardiac ablation catheters by manufacturers to improve quality care for patients fuels the market growth

Key players operating the cardiac ablation catheters market include Medtronic, St. Jude Medical, Boston Scientific and Biosense Webste. The strategies adopted by the key players includes the development of novel technology and adaptation in new healthcare fields to improve quality care for arrhythmia patients. Other prominent vendors in the market include Atricure, CardioFocus, Biotronik, Spectranetics and PLC Medical Systems.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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