Global Remote Catheter Manipulation Device Market

Report ID : 1062 | Published : 2021-07-22 | Pages: 190 | Format: PDF/EXCEL

Radiation exposure is a serious concern during fluoroscopic procedures like electrophysiology (EP) studies and radiofrequency catheter ablation of arrhythmias. Ablation is a definitive treatment in many patients compared over antiarrhythmic drugs. Ablation procedures require mobile catheters inside the cardiac chambers and vascular system to recognize the arrhythmia substrate prior to ablation. Proper catheter manipulation requires a skilled electrophysiologist working under fluoroscopic guidance. This may result in significant X-ray exposure, which is a risk for both patients and medical staff. Operators typically don lead aprons to protect themselves from radiation, but wearing lead can result in greater fatigue and orthopedic injury during long procedures. To overcome this problem, robotic catheter systems, controlled mechanically are introduced in the market.

Products in the market include Niobe, VDrive, Sensei X, Amigo RCS etc. Vdrive system consists of V-Sono ICE catheter manipulator and V-Loop variable loop catheter manipulator. Amigo was approved by the FDA for use in diagnostic EP studies of the right atrium and ventricle in 2012, with this indication later expanded in 2014 to include radiofrequency ablations. The research is ongoing to help accurately detect the catheter movements with the help of a laser mouse based master device. By laser sensor, the catheter’s position changes can be obtained.

The catheter manipulation devices are segmented based on indication, type of catheter and geography. On the basis of indication the devices are further sub-segmented into electrophysiology studies, Vascular Interventional Surgery and RF catheter ablation. Ablation process needs a special ablation catheter. Catheter ablation is most popularly used procedure for Arrhythmias, having a high success rate. EP studies are used either to diagnose arrhythmias or to assist in cardiac ablation procedures and hence will hold higher market share. This subsegment is expected to grow the fastest due to the increased establishment of EP labs every year in the United States. On the basis of types of catheter, the devices are segmented into, Intracardiac Echocardiography (ICE), ablation catheter and circular mapping catheter. The standard ICE catheter utilizes a linear array of crystals arranged longitudinally along the catheter to produce a fan-shaped image radiating coplanar to the long-axis of the catheter. Ablation catheter is adjusted to proper position by the operator, and the machine sends either RF waves, extremely cold temperatures, or laser light through it to make a scar, called ablation line. Manipulator for circular mapping catheter is responsible for advancement, retraction, rotation, tip deflection and loop size of the catheter. The circular mapping catheter manipulator is used to remotely control both the circular mapping catheter and the ablation catheter this lead to improved procedure outcomes, hence this is expected to gain market share over single ICE and ablation catheter manipulators.

Geographically the global market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2014 North America accounted for the largest share of the market. Europe followed North America on account of revenue. Asia-Pacific market is expected to grow due to increasing aging population, improving and modernizing healthcare infrastructure, and high demand of electrophysiology devices, with special focus on countries like India, China and Japan.

A number of factors such as the development of technologically advanced catheter manipulation devices, increasing aging population with high risk of cardiovascular diseases, increasing incidence of arrhythmia cases across the globe, growing focus of key market players to expand their geographic presence, and growing demand of ablation procedures drives the growth of the global market.

Major players are Proven process medical devices, Sterotaxis, Inc., Hansen Medical, Catheter Precision Inc., Boston scientific, Biosense Webster etc.

  • Proven process medical devices
  • Sterotaxis, Inc
  • Hansen Medical
  • Catheter Precision Inc
  • Boston scientific
  • Biosense Webster
  • Other Prominent Player

Global Remote Catheter Manipulation Devices Market Segmentation

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

  • Intracardiac Echocardiography (ICE)
  • Ablation Catheter
  • Circular Mapping Catheter

Global Remote Catheter Manipulation Devices Market Outlook (Value (US$ Mn) and Volume (No. of Units), 2019 – 2030) By Indication

  • Electrophysiology Studies
  • Vascular Interventional Surgery
  • Rf Catheter Ablation

Global Remote Catheter Manipulation Devices Outlook (Value (US$ Mn) and Volume (No. of Units), 2019 – 2030) By Region

  • Europe
    • K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • North America
    • S.
    • Canada
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Australia & New Zealand
    • Rest of Asia Pacific
  • 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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