Atrial Fibrillation Market Growth & Trends
The global atrial fibrillation market size is expected to reach USD 48.01 billion by 2030, registering at a CAGR of 10.1%, according to a new report by Grand View Research, Inc.Aging population, lifestyle changes, and chronic diseases such as diabetes and obesity are factors contributing to the increasing incidence of atrial fibrillation (AFib). The National Institute of Health reports that AFib affects 37.5 million people globally (0.51% of the population), a 33% increase in the past 20 years.
Moreover, with millions worldwide affected by AFib, and thousands of hospitalizations and deaths annually, there is a critical need for innovative therapies and solutions. In the U.S. alone, the CDC reports almost 454,000 hospitalizations with AFib as the primary diagnosis each year, resulting in over 158,000 deaths. These numbers highlight a significant market opportunity for companies to develop and market new products for diagnosing, treating, and managing atrial fibrillation.
Atrial fibrillation is commonly treated in emergency departments, but during the COVID-19 pandemic, there has been a decrease in admissions for primary diagnoses of AF compared to pre-pandemic times. Despite this, the article published by MDPI in 2021 states that up to 7.5% of COVID-19 patients may develop AF, which could increase the demand for AF treatments. However, other studies have reported a decrease in visits by patients with persistent and paroxysmal atrial fibrillation during the pandemic, due to changes in patient behavior, a decline in AF procedures, and disruptions to global supply chains causing shortages of certain medical devices and equipment.
Increasing government approvals and new product launches by key players are expected to drive growth in the atrial fibrillation products market. For instance, in March 2023, Medtronic received CE Mark approval for its Ablation System and Affera Mapping, which is designed to treat atrial arrhythmias using the Affera Prism-1 Mapping Software and Sphere-9 Catheter. This system integrates radiofrequency, pulsed field ablation, and high-density mapping catheter to provide real-time feedback and accurate mapping and ablation of abnormal heart rhythms, creating a new standard in electrophysiology.
Atrial Fibrillation Market Report Highlights
- Based on treatment type, the AFib market is segmented into pharmacological and non-pharmacological treatment. Pharmacological treatment segment held the largest revenue share of over 65% of the atrial fibrillation market in 2022, due to the high demand for anticoagulant drugs and anti-arrhythmic drugs
- Based on end-use, the market has been further categorized into hospitals, specialty clinics, and others. The hospitals segment accounted for the largest share of the market in 2022, and it is estimated to register the fastest CAGR of 10.4% during the forecast period. The segment's rapid growth is primarily attributed to the high number of surgeries performed in hospitals
- The North American region is expected to dominate the market and held the largest revenue share of over 39% in 2022, owing to the increasing incidence of atrial fibrillation and a large patient population
- Asia Pacific is estimated to grow at the fastest rate during the forecast period due to the increasing investment in healthcare infrastructure in recent years, particularly in emerging economies such as China and India
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.3.5. Details of Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.5.1. Commodity Flow Analysis
- 1.5.1.1. Approach 1: Commodity flow approach
- 1.6. Data Validation & Publishing
- 1.7. Global Market: CAGR Calculation
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Segmentation and Scope
- 3.2. Market Lineage Outlook
- 3.2.1. Parent Market Outlook
- 3.2.2. Related/Ancillary Market Outlook
- 3.3. Market Trends and Outlook
- 3.4. Market Dynamics
- 3.5. Market Restraint Analysis
- 3.6. Business Environment Analysis
- 3.6.1. SWOT Analysis; By Factor (Political & Legal, Economic and Technological)
- 3.6.2. Porter's Five Forces Analysis
- 3.7. COVID-19 Impact Analysis
Chapter 4. Treatment Type Business Analysis
- 4.1. Atrial Fibrillation Market, By Treatment Type: Key Takeaways
- 4.2. Atrial Fibrillation Market: Treatment Type Movement & Market Share Analysis, 2022 & 2030
- 4.3. Pharmacological Treatment
- 4.3.1. Global Pharmacological Treatment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Anti-arrhythmic Drugs
- 4.3.2.1. Global Anti-arrhythmic Drugs Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Anticoagulant Drugs
- 4.3.3.1. Global Anticoagulant Drugs Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Non-Pharmacological Treatment
- 4.4.1. Global Non-Pharmacological Treatment Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Catheter Ablation
- 4.4.2.1. Global Catheter Ablation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2.2. Radiofrequency
- 4.4.2.2.1. Global Radiofrequency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2.3. HIFU
- 4.4.2.3.1. Global HIFU Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2.4. Cryoablation
- 4.4.2.4.1. Global Cryoablation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2.5. Microwave
- 4.4.2.5.1. Global Microwave Market Estimates and Forecasts, 2018 - 2030 (USD Million
- 4.4.2.6. Laser
- 4.4.2.6.1. Global Laser Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Maze Surgery
- 4.4.3.1. Global Maze Surgery Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Electric Cardioversion
- 4.4.4.1. Global Electric Cardioversion Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. End-Use Business Analysis
- 5.1. Atrial Fibrillation Market, By End-Use: Key Takeaways
- 5.2. Atrial Fibrillation Market: End-Use Movement & Market Share Analysis, 2022 & 2030
- 5.3. Hospitals
- 5.3.1. Global Hospitals Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Specialty Clinics
- 5.4.1. Global Specialty Clinics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Global Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Regional Business Analysis
- 6.1. Regional Market Snapshot
- 6.2. Market Share Analysis by Region, 2022
- 6.3. North America
- 6.3.1. North America Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.3.2. U.S.
- 6.3.2.1. U.S. Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.3.3. Canada
- 6.3.3.1. Canada Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Europe Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.4.2. Germany
- 6.4.2.1. Germany Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.4.3. UK
- 6.4.3.1. UK Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.4.4. France
- 6.4.4.1. France Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.4.5. Italy
- 6.4.5.1. Italy Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.4.6. Spain
- 6.4.6.1. Spain Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.4.7. Denmark
- 6.4.7.1. Denmark Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.4.8. Sweden
- 6.4.8.1. Sweden Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.4.9. Norway
- 6.4.9.1. Norway Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.5.2. Japan
- 6.5.2.1. Japan Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.5.3. China
- 6.5.3.1. China Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.5.4. India
- 6.5.4.1. India Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.5.5. South Korea
- 6.5.5.1. South Korea Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.5.6. Australia
- 6.5.6.1. Australia Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.5.7. Thailand
- 6.5.7.1. Thailand Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.6. Latin America
- 6.6.1. Latin America Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.6.2. Brazil
- 6.6.2.1. Brazil Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.6.3. Mexico
- 6.6.3.1. Mexico Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.6.4. Argentina
- 6.6.4.1. Argentina Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.7. MEA
- 6.7.1. MEA Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.7.2. South Africa
- 6.7.2.1. South Africa Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.7.3. Saudi Arabia
- 6.7.3.1. Saudi Arabia Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.7.4. UAE
- 6.7.4.1. UAE Atrial Fibrillation Market, 2018 - 2030 (USD Million)
- 6.7.5. Kuwait
- 6.7.5.1. Kuwait Atrial Fibrillation Market, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Strategy Mapping
- 7.3. Company Profiles/Listing
- 7.3.1. AtriCure Inc.
- 7.3.1.1. Overview
- 7.3.1.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.1.3. Product Benchmarking
- 7.3.1.4. Strategic Initiatives
- 7.3.2. Boehringer Ingelheim GmbH
- 7.3.2.1. Overview
- 7.3.2.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.2.3. Product Benchmarking
- 7.3.2.4. Strategic Initiatives
- 7.3.3. Boston Scientific Corporation.
- 7.3.3.1. Overview
- 7.3.3.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.3.3. Product Benchmarking
- 7.3.3.4. Strategic Initiatives
- 7.3.4. Bristol- Myers Squibb Corporation
- 7.3.4.1. Overview
- 7.3.4.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.4.3. Product Benchmarking
- 7.3.4.4. Strategic Initiatives
- 7.3.5. Cardio Focus Inc.
- 7.3.5.1. Overview
- 7.3.5.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.5.3. Product Benchmarking
- 7.3.5.4. Strategic Initiatives
- 7.3.6. Sanofi Aventis
- 7.3.6.1. Overview
- 7.3.6.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.6.3. Product Benchmarking
- 7.3.6.4. Strategic Initiatives
- 7.3.7. Biosense Webster Inc.
- 7.3.7.1. Overview
- 7.3.7.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.7.3. Product Benchmarking
- 7.3.7.4. Strategic Initiatives
- 7.3.8. Endoscopic Technologies Inc.
- 7.3.8.1. Overview
- 7.3.8.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.8.3. Product Benchmarking
- 7.3.8.4. Strategic Initiatives
- 7.3.9. Abbott (St. Jude Medical Inc.)
- 7.3.9.1. Overview
- 7.3.9.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.9.3. Product Benchmarking
- 7.3.9.4. Strategic Initiatives
- 7.3.10. Johnsons & Johnson
- 7.3.10.1. Overview
- 7.3.10.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 7.3.10.3. Product Benchmarking
- 7.3.10.4. Strategic Initiatives