Market Size –
The cardiac mapping market size has grown strongly in recent years. It will grow from $2.15 billion in 2023 to $2.30 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to the introduction of catheter ablation, development of 3D mapping systems, improvements in imaging technologies, rise in the prevalence of cardiac arrhythmias, and growth in minimally invasive procedures.
The cardiac mapping market size is expected to see strong growth in the next few years. It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to the increasing prevalence of cardiovascular diseases, growing aging population, rising awareness and screening programs, improved healthcare infrastructure, and rising prevalence of health issues. Major trends in the forecast period include integration with artificial intelligence (AI), real-time 3D mapping systems, improved catheter technologies, cloud-based data analysis, and enhanced electrophysiology software.
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Scope Of Cardiac Mapping Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cardiac Mapping Market Overview
Market Drivers –
The prevalence of heart ailments is expected to propel the growth of the cardiac mapping market going forward. Heart ailments refer to various conditions or diseases that affect the heart’s structure and function, leading to complications such as arrhythmias, heart attacks, and heart failure. Increasing cases of heart ailments can be attributed to factors such as sedentary lifestyles, poor dietary habits, and aging populations. Cardiac mapping helps diagnose and treat heart ailments by precisely identifying electrical abnormalities in the heart’s rhythm. For instance, in January 2024, according to the British Heart Foundation, a UK-based cardiovascular research charity, in the UK, it’s estimated that over one million individuals suffer from heart failure. Annually, approximately 200,000 new cases of heart failure are diagnosed, with around 730,000 people included in their GP’s heart failure register. Therefore, the prevalence of heart ailments is driving the growth of the cardiac mapping market.
Market Trends –
Major companies operating in the cardiac mapping market are developing advanced solutions, such as cardiac mapping platforms, to enhance diagnostic accuracy and treatment efficacy. Cardiac mapping platforms refer to advanced technologies used to visualize and analyze electrical activity within the heart, aiding in the diagnosis and treatment of cardiac arrhythmias and other heart conditions. For instance, in January 2022, Abbott Laboratories, a US-based healthcare company, received Food and Drug Administration (FDA) 510(k) clearance for the EnSite X EP system, a cardiac mapping platform designed to help physicians identify areas where abnormal heart rhythms originate. The system creates detailed 3D maps of the heart that provide a 360-degree view, regardless of catheter orientation. It utilizes Abbott’s proprietary EnSite omnipolar technology (OT), which leverages the advisor HD grid catheter to provide true electrograms from any catheter orientation.
The cardiac mapping market covered in this report is segmented –
1) By Type: Contact Cardiac Mapping Systems, Non-Contact Cardiac Mapping Systems
2) By Indications: Atrial Fibrillation, Atrial Flutter, Atrioventricular Nodal Reentrant Tachycardia (AVNRT), Other Indications
3) By End-User: Hospitals And Clinics, Diagnostic Centers, Other End-Users
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Regional Insights –
North America was the largest region in the cardiac mapping market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiac mapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cardiac mapping market are Johnson & Johnson, Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., GE Healthcare Technologies, Boston Scientific Corporation, Epmap-System, APN Health LLC, BIOTRONIK SE & Co. KG, Lepu Medical Technology Co. Ltd., MicroPort Scientific Corporation, Biosense Webster Inc., BioSig Technologies Inc., CardioFocus Inc., Kardium Inc., Acutus Medical Inc., Navix Medical Ltd., EP Solutions SA, CoreMap Inc., Catheter Precision Inc.
Table of Contents
1. Executive Summary
2. Cardiac Mapping Market Characteristics
3. Cardiac Mapping Market Trends And Strategies
4. Cardiac Mapping Market – Macro Economic Scenario
5. Global Cardiac Mapping Market Size and Growth
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31. Cardiac Mapping Market Other Major And Innovative Companies
32. Global Cardiac Mapping Market Competitive Benchmarking
33. Global Cardiac Mapping Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cardiac Mapping Market
35. Cardiac Mapping Market Future Outlook and Potential Analysis
36.Appendix
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