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According to Technavio’s market research report, the global surgical ablation market will grow at a CAGR of close to 8% during the forecast period. The growing shift towards the use of minimally invasive (MI) techniques will act as one of the key growth factors for this till 2021. Cardiac ablation procedures are MI surgeries that are gaining popularity over conventional surgeries because they are used to destroy areas in the heart that cause heart rhythm problems such as atrial fibrillation (AFib).
MI techniques are highly preferred to manage individuals with cardiac arrhythmias. MI techniques such as ablation procedures reduce the risk of infection, minimize complications and pain, and reduce the duration of hospital stay. This boosts the adoption of this surgical ablation procedure over conventional surgeries, radiation therapy, and systematic chemotherapy to manage cancerous tumors.
The rise in chronic diseases and the increasing popularity of MI procedures are resulting in the adoption of surgical ablation procedures in the Americas. The leading cardiac arrhythmia condition in the Americas is AFib. The prevalence of cardiovascular diseases (CVDs) such as heart valve problems, arrhythmia, heart attack, and stroke will further drive the market’s growth in the region.
The surgical ablation market is characterized by the presence of many vendors. The enhancement of product extensions, new product launches, and the adoption of M&A strategies will strengthen the market’s competitive landscape. To acquire maximum shares, the vendors in this market space are focusing on improving their market positions by using innovative strategies and expanding their product portfolios.
The surgical cardiac ablation segment contributed to the maximum market shares during 2016 due to the increasing adoption of MI procedures with improved medical imaging. MI procedures involve the use of surgical ablation technologies. The adoption of surgical cardiac ablation procedure will continue to increase in the forthcoming years due to the rising prevalence of the most common type of heart arrhythmia; AFib.
Hospitals have trained professionals and an advanced medical infrastructure. There is an increasing adoption of surgical ablation systems in this end-user segment due to the rising number of ablation procedures performed in hospitals for cardiac arrhythmias, stroke, and sudden heart failure. Hospitals offer a number of inpatient and outpatient services and according to this market research and analysis, this segment will continue to be the largest end-user to this global market throughout the predicted period.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by procedure type
PART 07: Market segmentation by end-users
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
List of abbreviations
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