Ep Catheter Ablation Market Growth | 2023-2028

Market Insights

The ep catheter ablation market is estimated to grow from US$ 2.1 Billion in 2022 to US$ 3.37 Billion in 2028 at a CAGR of 8.28% during the forecast period.

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What is ep catheter ablation?

Electrophysiology (EP) is the branch of cardiology that deals with the diagnosis as well as treatment of heart rhythm disorders. The EP study enables the assessment of electrical impulses of the heart and evaluates abnormal heartbeats. EP ablation is a minimally invasive procedure that employs catheters to destroy faulty electrical pathways in the heart. These devices are useful in the removal of abnormal heart tissues which cause irregular heart rhythms.

Covid-19 Impact Analysis

The COVID-19 pandemic has moderately affected the ep catheter ablation industry. Also, social distancing, limited access to clinics, and lockdown of the population, that has led to a slowdown in patient flow & referrals.

The focus of healthcare professionals has been shifted toward the treatment of COVID-19-infected patients, which affected the treatment of non-emergency medical conditions, amid the pandemic.

Key Players

The following are the key players in the ep catheter ablation market -

• Biosense Webster (US)
• Abbott Laboratories (US)
• MEDTRONIC PLC (Ireland)
• Boston Scientific Corporation (US)
• CathRx Ltd (Australia)
• Biotronik SE & Co. KG. (Germany)
• Japan Lifeline Co (Japan)
• ATRICURE, INC. (US)
• Auris Health (US)
• Biomerics (US)

Market Dynamics

The ep catheter ablation market is driven by a host of factors, some of which are noted below:

• Rising number of diseases that requires endoscopic ultrasound procedures, as well as an increasing geriatric population.
• Growing testing facilities as well as ongoing technological advancements in the healthcare sector across the globe.
• Physicians’ preference for ablation procedures has augmented the increased adoption rate of cardiac monitoring devices, during the review period.
• Growing incidence of cancer cases.

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Segment Analysis

Product Trends

The Market is classified into RF ablation ep catheters, Cryoablation ep catheters, microwave ablation ep catheters, and others.  The RF ablation ep catheters are expected to be dominant in the market during the forecast period. It is the preferred power source for catheter ablation in most EP labs. Alternating current, with a frequency range of 100 to 2000 kHz, is radio frequency energy.

RF radiation has been used in operating rooms to cauterize small bleeding arteries. Using RF radiation to create a discrete intracardiac lesion is possible by attaching an RF generator to a catheter electrode implanted in the heart.

Application Trends

The market has been classified into hospitals, diagnostic centers, and ASCs. The hospital accounted for the largest market share in 2022. This is mainly attributed to the high spending capacity of hospitals on innovative EP products coupled with a large presence of skilled expertise.

Moreover, the growing number of patient visits to hospitals well-equipped with electrophysiology departments further augments the market growth.

Regional Analysis

The North American market accounted for the highest share in 2022 and is expected to grow at a robust CAGR during the review period. The EP Catheter Ablation market growth is mainly attributed to changing lifestyles of the people, rising incidence of lifestyle-associated factors, increasing prevalence of arrhythmias, and unhealthy dietary habits augments the regional market growth during the forecast timeline.

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The Asia Pacific is expected to grow at the healthy CAGR during the review period due to changing lifestyles and eating habits, increasing stress and habitual smoking & drinking in these countries, surging health-related problems such as obesity, heart disease, and other chronic diseases, further bolsters the regional market growth.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

By Product 

• RF Ablation EP Catheters
• Cryoablation EP Catheters
• Microwave Ablation EP Catheters

By Application 

• Hospitals
• Diagnostic Centres
• ASCs

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?

Target Audience

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

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Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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