The Asia Pacific Atrial Fibrillation Surgery Market was worth USD 164.9 million in 2016, and is expected to grow at a CAGR of 17.2%, to reach USD 363.9 million by 2021. Atrial Fibrillation is an abnormal rhythm or quivering of the heart caused by irregular beating of the atrial.
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This condition of heart can lead to stroke, blood clots, heart failure and other heart related issues. The symptoms include fainting, chest pain, shortness of breath and heart palpitations.
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Atrial fibrillation, if left untreated doubles the risk of heart related deaths and stokes in humans. Treatment for atrial fibrillation includes rhythm control, heart rate control, preventing heart failure and blood clots.
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But treatment and medication doesn’t work in all cases. In that case, surgical procedure is conducted to destroy the heart tissue in the area that is causing erratic electrical signals and restore the heart to a normal rhythm either by using catheters or during an open heart surgery.
Growing number of atrial fibrillation cases all over the globe is the major factor driving this market. Lower treatment costs and reimbursement policies are expected to drive the market.
Favourable regulations and increasing preference for surgeries are also driving the market. However, lack of awareness about surgeries or health risks posed by atrial fibrillation among the people suffering from the issue and availability of several pharmaceutical alternatives are restraining the market.
The Atrial Fibrillation Surgery Market is categorized based on the surgical procedure, product and region. Based on surgical procedure, the market is categorized into Catheter Ablation procedure and Surgical Ablation or Maze procedure.
Based on product, the market is categorized into Catheter Ablation and Surgical Ablation. Catheter ablation surgical devices are expected to be the largest segment and are also expected be the fastest growing segment due to its high acceptance in surgical procedures.
Based on geography, the market is categorized into China, India, Japan, Australia and South Korea. Asia Pacific is expected to be the fastest growing segment due to the large number of geriatric population who has a high risk of heart diseases in countries such as India and China.
Some of the major players in this region are Biosense Webster, Inc., Boston Scientific Corporation, St. Jude Medical, Inc., Articure, Inc., Medtronic, Inc., Cardima, Inc.
Cardiofocus, Inc., nContact, Inc., and Biotronik SE & Co.
Scope of the report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysisin terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC)in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysisfor analysing the level of competition and business strategy development
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- Competitive landscape analysislisting out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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