Global Atrial Fibrillation market research 2024, Forecast To 2033

28 Feb, 2024

The atrial fibrillation market has shown rapid growth, escalating from$12.02 billion in 2023 to$13.47 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The upsurge in the historic period is attributed to increasing awareness and screening programs, technological innovations in treatment, rising healthcare expenditure, clinical research, drug development, and genetic predisposition. Looking forward, the atrial fibrillation market is anticipated to witness rapid growth, reaching$21.66 billion in 2028 with a CAGR of 12.6%. The anticipated growth is driven by a focus on stroke prevention, patient and physician education programs, global initiatives for cardiovascular health, electrophysiology procedures, customization of treatment plans, and government initiatives for cardiovascular disease prevention. Major trends in the forecast period encompass advancements in diagnostic technologies, rise in atrial fibrillation incidence, catheter ablation techniques, emergence of novel oral anticoagulants (NOACs), integration of wearable technologies for monitoring, the expanding role of telemedicine in af management, and advancements in implantable devices.

Global Atrial Fibrillation Market Key Driver

The surge in the geriatric population is set to propel the atrial fibrillation market forward. Geriatric individuals, aged 65 and above, face increased risks of falls and cardiovascular conditions such as atrial fibrillation (AF). With projections from the World Health Organization indicating a significant rise in the global elderly population by 2030 and beyond, the prevalence of AF is expected to increase. By 2050, the world is projected to have 2.1 billion individuals aged 60 and above, highlighting the growing demographic shift. As AF prevalence correlates strongly with age, the burgeoning geriatric population is expected to drive the atrial fibrillation market growth.

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Global Atrial Fibrillation Market Segments

The global atrial fibrillation market 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
By Geography: The regions covered in the atrial fibrillation market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. North America was the largest region in the atrial fibrillation market in 2023. 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.

Major Atrial Fibrillation Industry Players

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.

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Atrial Fibrillation Market Overview

Atrial fibrillation refers to a disorder of the heart caused by an abnormality in the normal sequence of electrical impulses that changes the rate or rhythm at which the heart beats and begins in the heart's upper chambers (atria). Electrical impulses can be too fast, too slow, or erratically occurring, resulting in irregular heartbeats.

Atrial Fibrillation Global Market Report 2023 provides data on the global atrial fibrillation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The atrial fibrillation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.