Cardiac Ablation Systems Market size is valued at USD 957.3 million in 2021 and is expected to reach a value of USD 2,210.63 million by 2028, growing at a CAGR of 12.7% during the forecast period 2022 to 2028. The global market provides a detailed overview of the cardiac ablation systems market and that can be segmented by product, function, and application. By product, the cardiac ablation systems market has been segmented into radiofrequency (RF) ablators, electrical ablators, cryoablation devices, ultrasound ablators, microwave ablators, and others. The radiofrequency (RF) ablators segment is likely to be the largest and fastest-growing segment in the market. The radiofrequency (RF) ablators are further segregated into temperature-controlled radiofrequency ablators, fluid-cooled radiofrequency ablators, and robotic catheter manipulation systems. Electrical Ablators are sub-segmented into argon plasma/beam coagulators and irreversible electroporation systems. Cryoablation devices are divided into tissue contact probes and tissue spray probes. Ultrasound Ablators are sub-segmented into high-intensity focused ultrasound ablators, magnetic resonance-guided focused ultrasound ablators, and ultrasound ablation systems. Based on function, the cardiac ablation systems market is segmented into automated and conventional. Among these, the automated segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of application, the market is segregated into cardiac arrhythmia, open surgery, and others. Cardiac Arrhythmia held a considerable market share during the estimated period. Cardiac Arrhythmia is further segmented into atrial fibrillation and flutter and tachycardia.
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The advancement of the market would be aided by increasing public knowledge of the latest treatment options available for heart disorders. The procedural volume will be influenced by combined efforts by the government and non-government groups to provide cost-effective care to patients. The need for products will rise in the coming years as the number of ablation treatments rises.
North America market is expected to witness the highest market share during the forecast period. The demand for products is expected to increase as the patient pool grows. Furthermore, the region’s growth will be fueled by increased use of modern technologies, rising healthcare expenditures, and the presence of top industry leaders.
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There are a few major players operating in the cardiac ablation systems market which include Eurofins Scientific SE (Luxemburg), Neogen Corporation (U.S.), Genetic ID NA, Inc. (U.S), LGC Science Group Ltd. (U.K.), Geneius Laboratories Ltd. (U.K), AB Sciex LLC (U.S), Scientific Analysis Laboratories (UK) and ALS Limited (Australia). These players focus on adopting key strategies to retain their position in the market.
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