Atrial Fibrillation Market Research Report: By Type (Paroxysmal and Others), by Treatment (Medications, Non-Surgical Procedures, and Surgical Procedures), by End-User (Hospitals, Electrophysiology Labs, and Ambulatory Surgical Centers)—Forecast till 2027

Atrial Fibrillation Market Scenario

The market of atrial fibrillation is expected to grow significantly over the forecast period. It is estimated that the atrial fibrillation market is expected to reach USD 11123.8 million at a CAGR 11.2 % during the forecast period of 2018–2023. Atrial fibrillation is an ailment in which the heart beats irregularly, unlike the usual heartbeat. The upper chambers of the heart, the atria quiver in a very rapid pattern and thus the blood flow slows down or stagnates. The ventricles also beat unevenly and do not push blood around the body as efficiently.

Factors such as growing geriatric population and rise in medical tourism are expected to drive the growth of the market. According to the Centers for Disease Control and Prevention, more than 750,000 hospitalizations occur each year because of AFib in the US and the condition contributes to an estimated 130,000 deaths each year. Also, Increased incidence of risk factors such as obesity, hypertension, metabolic syndrome, and diabetes propel atrial fibrillation market growth. Moreover, in September 2018, assets of Pioneer Medical Devices AG were acquired by Vanguard AG. Assets of Pioneer Medical Devices AG included systems processor of highly complex medical devices mainly used in cardiology. By doing this, Vanguard AG will expand its product portfolio of complex medical devices for intervention therapy and minimally invasive surgeries.

Moreover, high recurrence and complication rates, coupled with the lack of technical personnel specialized in atrial fibrillation may hamper the market growth during the assessment period. Also, unavailability of high-quality data and clinical guidelines about atrial fibrillation may curb the growth of the market.

Key players

Johnson & Johnson Services, Inc., Abbott, Medtronic Plc, Boston Scientific Corporation, MicroPort Scientific Corporation, Biotronik SE & Co. KG, Koninklijke Philips N.V., AtriCure, Inc., CardioFocus, Osypka AG, Siemens AG, Biosense Webster, Inc., Sichuan Jinjiang Electronic Science and Technology Co., Ltd., CathRx Ltd., and Vanguard AG are some of the key players in the global atrial fibrillation market.

Segmentation

The global atrial fibrillation market has been segmented into type, treatment, and end-user.

The market, on the basis of type, has been segmented into paroxysmal atrial fibrillation, persistent atrial fibrillation, and permanent atrial fibrillation.

The market, on the basis of treatment, has been segmented into medications, non-surgical procedures, and surgical procedures.

The market, based on medications, has been segmented blood thinners, rate controllers, and rhythm controllers.

The atrial fibrillation market, based on non-surgical procedures, has been segmented into electrical cardioversion and catheter ablation.

Catheter ablation segment is projected to hold the largest share in the market, as it is a minimally invasive type of surgery which is the most preferred and used, as it lessens the risk of complications, whereas electric cardioversion is estimated to be the fastest growing segment because of its specificity of treatment and decreased recurrence rate.

The market, based on surgical procedures, has been segmented into pacemaker implantation and open-heart maze procedure.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The atrial fibrillation market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 

The market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The atrial fibrillation market in the Middle East & Africa has been segmented into the Middle East and Africa.

Regional Market Summary

Global Atrial Fibrillation Market Share (%), by Region, 2017

Source: World Health Organization (WHO), Centers for Disease Control and Prevention (CDC)

Geographically, the Americas is anticipated to dominate the global atrial fibrillation market owing to a the rise in the adoption of innovative technologies and procedures for the treatment of atrial fibrillation, and advanced healthcare facilities and infrastructure. According to the Centers for Disease Control and Prevention in 2017, an estimated 2.7 to 6.1 million people in the United States have atrial fibrillation (AFib).

Europe is expected to hold the second largest position in the global atrial fibrillation market. The market growth in this region is attributed to the availability of funds for research, and favorable reimbursement scenario. According to a journal published by European Heart Network, approximately 10 million people in Europe live with the atrial fibrillation condition.

Asia-Pacific is anticipated to be the fastest growing region in the market due to the presence of a huge patient population susceptible to cardiac diseases, continuously developing economies and rising prevalence of cardiovascular diseases.

On the other hand, the Middle East and Africa has the least share of the market. Majority of the market of this region is expected to be held by the Middle East region due to growing government initiatives for the healthcare sector.

Global Atrial Fibrillation Market, by Type

• Paroxysmal atrial fibrillation


• Persistent atrial fibrillation


• Permanent atrial fibrillation

Global Atrial Fibrillation Market, by Treatment

• Medications


• Non-surgical procedures

• 
  
  
  
  • Electrical cardioversion
  
  
  • Catheter ablation
  
  
  
  

• Surgical procedures

• 
  
  
  
  • Pacemaker implantation
  
  
  • Open-heart maze procedure
  
  
  
  

Global Atrial Fibrillation Market, by End-user

• Hospitals


• Electrophysiology Labs


• Ambulatory Surgical Centers

Global Market, by Region

• Americas




• North America




• US


• Canada


• South America






• Europe




• Western Europe


• Germany


• France


• Italy


• Spain


• UK


• Rest of Western Europe


• Eastern Europe




• Asia-Pacific




• Japan


• China


• India


• Australia


• South Korea


• Rest of Asia-Pacific




• Middle East & Africa




• Middle East


• Africa

Intended Audience

• Electrophysiology Centers


• Medical Device Companies


• Research and Development (R&D) Companies


• Government and Medical Research Institutes


• Academic Institutes and Universities


• Healthcare Institutions