Title: What will be the size of Cardiac Ablation Market in 2020 to 2026...?
1Outlook of Cardiac Ablation Market status and
development trends reviewed in new report
- Primarily augmented by the mounting prevalence of
cardiovascular disorders globally, cardiac
ablation market is touted to mark its name in the
billion-dollar fraternity down the line of seven
years. According to World Health Organization
reports, cardiovascular disorders emerge out to
be a number one cause of death worldwide,
claiming nearly 17.9 million lives every year.
Additionally, an increase in geriatric population
is likely to contribute to the adoption of
cardiac ablation procedures, making way for
cardiac ablation industry expansion. - With technological advancements being on a spur
globally, novel innovations and new product
developments across cardiac ablation market are
expected to render hefty proceeds to the industry
over 2020-2026. Numerous players are taking
painstaking efforts to offer effective treatment
approaches to patients through devising
technologically sound products and equipment,
supporting the customer inclination towards
cardiac ablation.
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2- The use of cardiac ablation is not only limited
to cardiovascular disorders. Moreover, other
applications of cardiac ablation market recorded
a substantial remuneration of approximately USD
117 million in 2019 and perhaps is accounted to
grow appreciably in the foreseeable time. This
can be attributed to mounting incidences of
chronic disorders such as coronary artery
disease, valve diseases, and rheumatoid heart
disease.
- In line with the ongoing product development,
industry conglomerates are also involved in
mergers and acquisitions to gain competitive
advantage for business expansion worldwide. As a
matter of fact, AngioDynamics, a leader of
minimally invasive medical devices for vascular
access, in October last year announced taking
over a medical device company, Eximo Medical in
tandem with its innovative 355nm laser
atherectomy technology. This acquisition is
stated to bring a remarkable technology to
AngioDynamics product portfolio and is expected
to transform the way treatment is provided to
patients.
- Worldwide cardiac ablation market is
characterized by an expansive product range
including radiofrequency ablators, ultrasound
ablators, cryoablation devices and others.
Amongst these, ultrasound ablators segment is
projected to amass phenomenal proceeds in the
upcoming years. This growth can aptly be credited
to the products ease to use and application for
intracardiac visualization of cardiac physiology.
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4- Based on the topological trends, Germany has
emerged as one of the profitable grounds for
cardiac ablation market. In fact, Germany cardiac
ablation market is likely to depict a growth rate
of 12.7 per cent over 2020-2026 which is ascribed
to the increasing pervasiveness of cardiovascular
diseases and growing cognizance amongst masses
pertaining to advanced medical facilities.
Needless to mention, Germany has emerged to be
one of the developed countries in terms of
technologies and economy, favoring robust
industry growth.
- Key industry players operating in the cardiac
ablation market are Abbott Laboratories (St. Jude
Medical), AngioDynamics, Inc, AtriCure Inc.,
Biosense Webster (Johnson Johnson), Biotronik
SE Co. KG, Boston Scientific Corporation, Japan
Lifeline, Medtronic plc, MicroPort Scientific
Corporation, Stereotaxis, Inc.
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