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Global Atrial Fibrillation Market Projected to Grow at 13.1% CAGR, Reaching $24.72 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Atrial Fibrillation Industry Market Size Be by 2025?
The market pertaining to atrial fibrillation has experienced swift expansion lately, projected to increase in value from $13.56 billion in the year 2024 to $15.1 billion come 2025, reflecting an 11.4% compound annual growth rate across this period; factors fueling this advancement historically include heightened public consciousness and subsequent screening initiatives, advancements in therapeutic technologies, escalations in spending on healthcare services, ongoing efforts in clinical investigation and pharmaceutical creation, alongside the influence of inherited susceptibility.
What's the Long-Term Growth Forecast for the Atrial Fibrillation Market Size Through 2029?
Anticipation suggests the market segment dedicated to atrial fibrillation will undergo substantial expansion in the forthcoming years, projecting a valuation reaching $24.72 billion by 2029, driven by a compound annual growth rate (CAGR) of 13.1% throughout this period. This upward trajectory in the projection timeframe is fueled by several key factors, including heightened emphasis on mitigating stroke risk, the proliferation of educational efforts targeting both patients and medical professionals, worldwide campaigns promoting heart health, an escalation in electrophysiology interventions, personalization of therapeutic strategies, and governmental actions aimed at preventing cardiovascular ailments. Furthermore, significant shifts influencing this market during the forecast span encompass progress within diagnostic instrumentation, a climbing prevalence rate of atrial fibrillation itself, improvements observed in methods for catheter ablation, the introduction of new oral anticoagulants (NOACs), the incorporation of wearable devices for ongoing surveillance, the expanding utilization of remote consultation for managing AF, and innovations in device implantation technology.
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What Are the Key Growth Drivers Fueling the Atrial Fibrillation Market Expansion?
A surge in the population of older adults is anticipated to propel the atrial fibrillation market forward. This demographic, consisting of individuals aged 65 and above, exhibits a greater susceptibility to falls, stemming from issues like postural hypotension as well as impaired balance or walking patterns. Preceding the onset of AF in the majority of elderly patients, certain indicators such as the age factor and disturbances in electrical conduction are observable on the surface electrocardiogram. To illustrate this demographic shift, data from the World Health Organization, which is a specialized United Nations agency focused on global public health and headquartered in Switzerland, indicated in October 2022 that by 2030, one in six inhabitants globally would be aged 60 or older, representing an increase from one billion such individuals in 2020 to a projected 1.4 billion. Furthermore, by the year 2050, this figure is set to double, reaching 2.1 billion people aged 60 and over, with the count of those aged 80 and above expected to rise by 426 million between 2020 and 2050 compared to current figures, consequently fueling the expansion of the atrial fibrillation market due to the expanding senior populace.
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What Are the Key Trends Driving Atrial Fibrillation Market Growth?
Key players within the atrial fibrillation sector are actively introducing novel offerings and systems, like patient-focused clinical decision support apparatus, aiming to solidify their market standing. Clinical decision support tools (CDST) represent computational or digital platforms created to aid medical practitioners in arriving at sound and prompt choices regarding patient management, integrating pertinent clinical data gleaned from multiple locales. To illustrate this trend, in August 2023, GE HealthCare, a major American provider of medical technologies globally, unveiled CardioVisio, a clinical decision support instrument centered on the patient, designed to guide physicians toward evidence-based support decisions aligned with contemporary atrial fibrillation protocols and to graphically display long-term data derived from diverse origins pertinent to the disease's advancement; CardioVisio for atrial fibrillation enables cardiologists to make image interpretation more efficient for clinicians while offering a comprehensive overview of the patient's cardiac history and entire care trajectory, encompassing prior diagnoses, administered pharmaceuticals, performed procedures, and co-existing conditions.
How Is the Atrial Fibrillation Market Segmented?
The atrial fibrillationmarket covered in this report is segmented -
1) By Type: Surgical; Non-Surgical
2) By Technology: Radiofrequency; Laser; Cryotherapy; Other Technologies
3) By Treatment Type: Pharmacological Treatment; Non-pharmacological Treatment; Maze Surgery; Electric Cardioversion
4) By End User: Hospitals; Electrophysiology Labs; Ambulatory Surgical Centers
Subsegments:
1) By Surgical: Catheter Ablation; Maze Procedure; Hybrid Ablation Procedures
2) By Non-Surgical: Antiarrhythmic Drugs; Anticoagulants; Cardioversion Procedures; Device Implants
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Which Companies Are Leading the Charge in Atrial Fibrillation Market Innovation?
Major companies operating in the atrial fibrillation market are AtriCure Inc., Johnson & Johnson Private Limited, Abbott Laboratories, C.H. Boehringer Sohn AG & Co. KG, Biotronik Se & Co. Kg, Boston Scientific Corporation, Bristol-Myers Squibb Company, CardioFocus Inc., Sanofi S.A, Medtronic PLC, Biosense Webster Inc., MicroPort Scientific Corporation, Siemens AG, Acutus Medical Inc., AEGEA Medical Inc., Apama Medical Inc., Aria CV Inc., Armetheon Inc., BioSig Technologies Inc., Cardialen Inc., CardioRobotics Inc., CardioInsight Technologies Inc., Circa Scientific LLC, CorWave SA, EpiEP Inc., Farapulse Inc., Fibralign Corporation, Impulse Dynamics NV, JenaValve Technology Inc., Kardium Inc.
Which Regions Are Leading the Global Atrial Fibrillation Market in Revenue?
North America was the largest region in the atrial fibrillation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the atrial fibrillation market report forecast period. The regions covered in the atrial fibrillation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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