Global Radiofrequency Ablation Catheters Market

Report ID : 1063 | Published : 2022-08-18 | Pages: 190 | Format: PDF/EXCEL

According to the latest research by InsightAce Analytic, the global Radiofrequency Ablation Catheters market is valued at US$ 3.63 billion in 2021, and it is expected to grow with a CAGR of 10.71% during a forecast period of 2022-2030. Catheter ablation is a medical procedure that is used to treat some types of arrhythmia. Heart arrhythmia is group of condition leads to irregular heartbeat. During this procedure a long, thin, flexible tube is placed into blood vessels of neck, arm or groin. This tube is called an ablation catheter which is then guided towards the heart. During the procedure, a system send sends energy through the ablation catheter to the heart. Radiofrequency energy is most commonly used for catheter ablation. The passed energy produces heat that modifies the affected heart tissue (caused of dysrhythmia). Catheter based ablation procedure are totally safe and effective. According to American Heart Association, catheter-based ablation procedure shows 90% success rate and have low risk of complication.

The global radiofrequency ablation catheter market is segmented on the basis of type and geography. On the basis of type the market is further sub segmented into two types irrigated radiofrequency ablation catheter and non-irrigated radiofrequency ablation catheter. Irrigated radiofrequency ablation catheter segment is expected to hold maximum share of the market in forecast period this is because it decreases char and thrombus formation which eventually prevent thromboembolic events (another life-threatening consequence). Increase in incidence and prevalence rate of heart disease, growing ageing population and increased rate of obesity in all age group drives the growth of the global market during forecast period. In addition to it, technological advancement and demographic trend are expected to fuel the growth of the market. However, stringent regulatory environment and entry of other catheter ablation procedure like ‘cryoablation balloon catheters’ may hamper the growth of the global radiofrequency ablation catheter market during forecast period.

On the basis of geography, the global radiofrequency ablation catheter market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In terms of revenue, North America followed by Europe is major contributor for the global radiofrequency ablation catheter market. This is because rise in incidence and prevalence of cardiac and other heart related diseases, presence of developed healthcare infrastructure, increasing research and drug development activities, presence of major players, and large number of product developments (approvals & launch), propels the growth of the market in the region. Asia Pacific is third promising revenue contributor which is expected to grow at rapid pace in upcoming year. Countries such as Japan, India and China are major contributors for this market. Emerging and huge population base countries such as China and India offers tremendous market opportunities for the global radiofrequency ablation catheter market.

Some of the market players leading the global radiofrequency ablation catheter market include Stryker Corporation, Halyard Health, Inc., AtriCure, Inc., Bramsys Medical Systems, Medtronic Plc, St. Jude Medical, Inc., C. R. Bard, Inc., Hologic, Inc., Sutter Medizintechnik GmbH,  Epimed International, Boston Scientific Corporation, Arthrex, Inc., AngioDynamics, Inc., Baylis Medical,  sfm medical devices GmbH, ENDO-FLEX GmbH, Johnson & Johnson, and inomed Medizintechnik GmbH

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Radiofrequency Ablation Catheters Market Snapshot

Chapter 4. Global Radiofrequency Ablation Catheters Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. COVID 19 Impact Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

Chapter 5. Market Segmentation 1: Product Types Estimates & Trend Analysis

5.1. Product Types & Market Share, 2020 & 2028

5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 for the following Product Types:

5.2.1. Irrigated Radiofrequency Ablation Catheter

5.2.2. Non-Irrigated Radiofrequency Ablation Catheter

Chapter 6. Market Segmentation 2: End-Users & Trend Analysis

6.1. End-Users & Market Share, 2020 & 2028

6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 for the following End-Users:

6.2.1. Hospitals

6.2.2. Diagnostic Centers

6.2.3. Ambulatory Surgical Centers

Chapter 7. Radiofrequency Ablation Catheters Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts Product Types, 2020-2030

7.1.2. North America Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts End-Users, 2020-2030

7.1.3. North America Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by country, 2020-2030

7.1.3.1. U.S.

7.1.3.2. Canada

7.2. Europe

7.2.1. Europe Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) Product Types, 2020-2030

7.2.2. Europe Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts End-Users, 2020-2030

7.2.3. Europe Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2030

7.2.3.1. Germany

7.2.3.2. Poland

7.2.3.3. France

7.2.3.4. Italy

7.2.3.5. Spain

7.2.3.6. UK

7.2.3.7. Rest of Europe

7.3. Asia Pacific

7.3.1. Asia Pacific Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) Product Types, 2020-2030

7.3.2. Asia Pacific Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts End-Users, 2020-2030

7.3.3. Asia Pacific Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2030

7.3.3.1. China

7.3.3.2. India

7.3.3.3. Japan

7.3.3.4. Australia

7.3.3.5. Rest of Asia Pacific

7.4. Latin America

7.4.1. Latin America Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) Product Types, 2020-2030

7.4.2. Latin America Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts End-Users, 2020-2030

7.4.3. Latin America Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2030

7.4.3.1. Brazil

7.4.3.2. Rest of Latin America

7.5. MEA

7.5.1. MEA Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts Product Types, 2020-2030

7.5.2. MEA Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts End-Users, 2020-2030

7.5.3. MEA revenue Radiofrequency Ablation Catheters Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2020-2030

7.5.3.1. South Africa

7.5.3.2. Rest of MEA

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

 8.2.1. Stryker Corporation

8.2.2. Halyard Health, Inc.

8.2.3. AtriCure, Inc.

8.2.4. Bramsys Medical Systems

8.2.5. Medtronic Plc

8.2.6. St. Jude Medical, Inc. (Abbott)

8.2.7. C. R. Bard, Inc. (BD)

8.2.8. Hologic, Inc.

8.2.9. Sutter Medizintechnik GmbH

8.2.10. Epimed International

8.2.11. Boston Scientific Corporation

8.2.12. Arthrex, Inc.

8.2.13. AngioDynamics, Inc.

8.2.14. Baylis Medical 

8.2.15. sfm medical devices GmbH

8.2.16. ENDO-FLEX GmbH

8.2.17. Johnson & Johnson

8.2.18. inomed Medizintechnik GmbH

Global Radiofrequency Ablation Catheter Market Outlook (Value (US$ Mn) and Volume (No. of Units), 2019 – 2030) By Type

  • Irrigated Radiofrequency Ablation Catheter
  • Non-Irrigated Radiofrequency Ablation Catheter

Global Radiofrequency Ablation Catheter Market Outlook (Value (US$ Mn) and Volume (No. of Units), 2019 – 2030) By Region

  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • North America
    • S.
    • Canada
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Australia & New Zealand
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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