EP Catheter Ablation Market Report 2024 (Global Edition)

Global EP Catheter Ablation Market Report 2024 Market Size Split by End use (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), by Products (Cryoablation Electrophysiology Catheters, Radiofre...

EP Catheter Ablation Market Report Description

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Competitive Landscape of the EP Catheter Ablation Market

The EP catheter ablation market is highly competitive, mainly dominated by established players. However, the market also has new companies that leverage innovation to drive market share acquisition in the highly competitive EP catheter ablation market. These new companies are constantly investing in R&D in efforts to enhance the efficacy and safety of their products. This is also encouraging new market participants, such as Acutus Medical and CardioFocus, which bring in another distinct solution and technology, contact force-sensing catheters and laser-based ablation systems. Strategic collaboration and partnerships have been strategically engaged in building product portfolios and further improving patient outcomes with rising demands for minimally invasive procedures and effective arrhythmia treatment.

In November 2022, Medtronic signed an agreement with EPIX Therapeutics (US) to include EPIX's innovative catheter-based, temperature-controlled cardiac ablation technology for treating patients with cardiac arrhythmias into Medtronic's cardiac ablation portfolio. (Source: https://www.drugdiscoverynews.com/medtronic-to-acquire-epix-therapeutics-13052) In June 2020, Boston Scientific Corporation, a medical device company, announced the launch of its DIRECTSENSE technology in the United States. It's a device used to monitor the effects of radiofrequency energy delivery during cardiac ablation procedures. (Source: https://www.bostonscientific.com/en-US/medical-specialties/electrophysiology/cardiac-mapping-system/directsense.html)

Top Companies Market Share in EP Catheter Ablation Industry: (In no particular order of Rank)

• MicroPort Scientific Corp
• Advanced Cardiac Therapeutics
• AtriCure
• Boston Scientific Corporation
• Medtronic plc
• St. Jude Medical
• BIOTRONIK
• Imricor Medical Systems
• VIDEOCON
• Hansen Medical
• Inc.
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Regional Analysis of the EP Catheter Ablation Market

Which Region Dominates the EP Catheter Ablation Market in 2024?

According to Cognitive Market Research, the North American market had the largest share in 2023 and is predicted to increase at a strong CAGR over the research period. The EP Catheter Ablation market growth is primarily attributed to people's changing lifestyles, increased incidence of lifestyle-related factors, increasing prevalence of arrhythmias, and unhealthy dietary habits, which would boost regional market growth over the forecast period.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific area is predicted to have the greatest CAGR over the projection period. This is primarily caused by EP Catheter Ablation, a minimally invasive procedure in which a catheter is inserted into a blood artery in the groin or back of the neck to detect irregular heartbeats, leaving a small bug bite-like imprint. As a result, demand for EP catheter ablation is rising, driving the market forward.

The current report Scope analyzes EP Catheter Ablation Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America EP Catheter Ablation

According to Cognitive Market Research, the global EP Catheter Ablation market size was estimated at USD 4514.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1805.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the EP Catheter Ablation market with a market size of USD 1424.68 million in 2024 and is projected to grow at a CAGR of 12.2 % during the forecast period. The U.S. market's advanced medical technologies.
• The Canada EP Catheter Ablation market had a market share of USD 216.68 million in 2024 and is projected to grow at a CAGR of 13.2% during the forecast period. Canada’s ongoing research and clinical trials
• The Mexico EP Catheter Ablation market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 164.32 million in 2024.

Europe EP Catheter Ablation

According to Cognitive Market Research, the global EP Catheter Ablation market size was estimated at USD 4514.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1354.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.

• The United Kingdom EP Catheter Ablation market had a market share of USD 227.52 million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. In the UK, EP Catheter Ablation sales witness an upswing due to the growing adoption of minimally invasive procedures.
• The France EP Catheter Ablation market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 124.59 million in 2024.
• According to Cognitive Market Research, the German EP Catheter Ablation market size was valued at USD 268.14 million in 2024 and is projected to grow at a CAGR of 12.9% during the forecast period. In Germany, EP Catheter Ablation surged due to the growing awareness of advanced treatment options
• The Italy EP Catheter Ablation market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 116.47 million in 2024.
• The Russia EP Catheter Ablation market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 209.91 million in 2024.
• The Spain EP Catheter Ablation market is projected to witness growth at a CAGR of 11.8% during the forecast period with a market size of USD 111.05 million in 2024
• The Luxembourg EP Catheter Ablation market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 41.98 million in 2024.
• The Portugal EP Catheter Ablation market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 28.44 million in 2024.
• The Greece EP Catheter Ablation market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 16.25 million in 2024.
• The Rest of Europe's EP Catheter Ablation market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 209.91 million in 2024.

Asia Pacific EP Catheter Ablation

According to Cognitive Market Research, the global EP Catheter Ablation market size was estimated at USD 4514.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1038.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.

• According to Cognitive Market Research, the China EP Catheter Ablation market size was valued at USD 467.22 million in 2024 and is projected to grow at a CAGR of 15.7% during the forecast period. EP Catheter Ablation surged in China due to Increased government support for healthcare initiatives
• The Japan EP Catheter Ablation market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 143.28 million in 2024.
• The India EP Catheter Ablation market had a market share of USD 124.59 million in 2024 and is projected to grow at a CAGR of 18.0% during the forecast period. India's rising awareness among the populations .
• The South Korean EP Catheter Ablation market is projected to witness growth at a CAGR of 15.3% during the forecast period, with a market size of USD 103.83 million in 2024.
• The Australian EP Catheter Ablation market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 53.99 million in 2024.
• The South East Asia EP Catheter Ablation market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 71.64 million in 2024.
• The Rest of Asia Pacific EP Catheter Ablation market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 73.72 million in 2024.

South America EP Catheter Ablation

According to Cognitive Market Research, the global EP Catheter Ablation market size was estimated at USD 4514.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 225.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil EP Catheter Ablation market size was valued at USD 96.60 million in 2024 and is projected to grow at a CAGR of 14.2% during the forecast period. EP Catheter Ablations flourished in Brazil due to collaborations with international medical device manufacturers
• Argentina's EP Catheter Ablation market had a market share of USD 37.92 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. Argentina's growing awareness of advanced treatment options.
• Colombia EP Catheter Ablation market is projected to witness growth at a CAGR of 13.4% during the forecast period, with a market size of USD 20.09 million in 2024.
• Peru EP Catheter Ablation market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 18.51 million in 2024.
• Chile EP Catheter Ablation market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 16.25 million in 2024.
• The Rest of Latin America's EP Catheter Ablation market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 36.34 million in 2024.

Middle East and Africa EP Catheter Ablation

According to Cognitive Market Research, the global EP Catheter Ablation market size was estimated at USD 4514.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 90.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.9% from 2024 to 2031..

• The GCC Countries EP Catheter Ablation market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 38.64 million in 2024. EP Catheter Ablation sales flourish due to the presence of major market players.
• The Egypt EP Catheter Ablation market is projected to witness growth at a CAGR of 14.2% during the forecast period, with a market size of USD 9.48 million in 2024.
• The South Africa EP Catheter Ablation market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 14.26 million in 2024. EP Catheter Ablation sales flourished in South Africa due to increasing prevalence of cardiac arrhythmias.
• The Turkey EP Catheter Ablation market is projected to witness growth at a CAGR of 13.4% during the forecast period, with a market size of USD 7.76 million in 2024.
• The Nigeria EP Catheter Ablation market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 9.48 million in 2024.
• The Rest of the MEA EP Catheter Ablation market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 10.65 million in 2024.

EP Catheter Ablation Market Analysis

EP Catheter Ablation Market End-use Segment Analysis

According to Cognitive Market Research, hospitals are also the leading category for EP catheter ablation, as they offer all-inclusive facilities, experienced medical professionals, and cutting-edge technology that is associated with complex electrophysiology procedures. In general, hospitals have a larger number of patients requiring catheter ablation, thus explaining their primary position in the market.

The ambulatory surgical centers are the growth area. The growing utilization of ASCs for catheter ablation procedures is due to the fact that these centers have become an effective and cost-effective alternative to hospital-based care. Increasing outpatient procedures along with advances in minimally invasive techniques have increased high growth in ablation services at ASCs.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of EP Catheter Ablation Industry. Request a Free Sample PDF!

EP Catheter Ablation Market Products Segment Analysis

According to Cognitive Market Research, Radiofrequency ablation catheters are the leading segment. RF ablation has been embraced throughout as very effective for the treatment of all types of cardiac arrhythmias. This technique destroys any abnormal heart tissue through the generation of heat from radiofrequency energy. This procedure, therefore, is extremely established and preferred by many electrophysiology procedures. The wide range of clinical experience achieved with established outcomes explains why RF ablation is the leading market.

The fastest-growing segment is the cryoablation electrophysiology catheters. Cryoablation uses extreme cold to target the abnormal heart tissue and kills it with minimum pain for the patients and a quicker time to recover. The reasons for the increased adoption of cryoablation include awareness about its benefits, emerging technologies, and techniques.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

EP Catheter Ablation Disease indication Segment Analysis

EP Catheter Ablation Market Disease Indication Segment Analysis

According to Cognitive Market Research, The most prominent segment is atrial fibrillation and flutter. AF represents one of the most common cardiac arrhythmias, and indeed, it has a big influence on the health and quality of life of patients. With an increasing incidence of AF and growing knowledge about treatment options, the demand for ablation procedures intended specifically for this disease is on the rise. Therefore, atrial fibrillation and flutter procedures account for the largest market share.

Tachycardia is the fastest-growing and includes a wide range of supraventricular tachycardias and others that are generally very amenable to catheter ablation. As awareness expands with respect to the effect that tachycardia can have on patient health, as well as advancements in ablation technology and techniques, the growth in procedures related to this indication will increase. As healthcare providers continue to make strides to advance treatment for tachycardia, this indication is one of the most exciting emerging areas over the next few years.

• Cardiac Arrhythmia
• Atrial Fibrillation and Flutter
• Tachycardia
• Other Indication

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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