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Global Atrial Fibrillation Market Size Study & Forecast, by Treatment Type (Pharmacological Treatment, Non-Pharmacological Treatment), By End-use (Hospitals, Specialty Clinics, Others), and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: GF2C42A77156EN
Bizwit Research & Consulting LLP

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Global Atrial Fibrillation Market is valued at approximately USD 22.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.1% over the forecast period 2023-2030. Atrial fibrillation (AFib) is a common heart rhythm disorder characterized by irregular and fast heartbeats. In AFib, the heart's upper chambers (atria) beat chaotically and out of sync with the lower chambers (ventricles), leading to an irregular heartbeat. This irregularity results in poor blood flow to the body, increasing the risk of complications such as blood clots, stroke, heart failure, and other heart-related complications. AFib occurs occasionally or becomes a chronic condition. Symptoms of AFib include palpitations, chest pain, shortness of breath, fatigue, dizziness, and fainting. Treatment for AFib aims to restore normal heart rhythm, control heart rate, prevent blood clots, and reduce the risk of complications. The rising prevalence of AFib globally, driven by factors such as ageing populations, sedentary lifestyles, obesity, and underlying cardiovascular conditions, is a major driver for market growth. According to the National Institutes of Health (NIH), in Asia, the prevalence of atrial fibrillation cases is forecasted to surge to 72 million by the year 2050. Meanwhile, the National Institutes of Health (NIH) stated that, in Europe, the population aged 55 and older diagnosed with atrial fibrillation is anticipated to rise from 9 million in 2010 to 17.9 million by the year 2060. The Atrial Fibrillation Market is expanding because of factors such as the increase in government initiatives and healthcare reforms, coupled with the increased awareness of AFib among healthcare professionals and patients, along with improved diagnostic techniques.

In addition, the rising inclination towards minimally invasive procedures for AFib treatment, such as catheter ablation and left atrial appendage closure (LAAC) is acting as a catalyzing factor for market growth across the globe. These procedures offer patients shorter recovery times, fewer complications, and improved outcomes compared to traditional surgical approaches. According to Statista, the minimally invasive surgery market worldwide accounted for nearly USD 20.5 billion in 2019. Also, the amount is projected to grow and is likely to reach around USD 44.04 billion by 2030. Thus, these aforementioned factors are propelling the growth of the Atrial Fibrillation Market during the estimated period. Moreover, the increasing research and development activities, as well as the rising number of programs to enhance public awareness present various lucrative opportunities over the forecast years. In January 2022, Peerbridge Health partnered with Northwell Health to launch the AFib Center of Excellence, a collaborative initiative aimed at optimizing treatment for patients with atrial fibrillation (AFib). With Peerbridge's support, Northwell's AFib Center of Excellence will initiate a pilot program focused on AFib patients with undiagnosed obstructive sleep apnea (OSA). The pilot program aims to enhance the understanding among cardiology and sleep physicians regarding the crucial link between the two conditions and the most effective strategies for concurrent treatment of AFib and OSA. These advancements in atrial fibrillation therapeutics are anticipated to propel market growth. However, the high costs associated with AFib procedures and devices, along with the regulatory issues associated with the devices are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Atrial Fibrillation Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the escalating incidence of atrial fibrillation and a substantial patient population in the region. The presence of key industry players further reinforces this market dominance. According to the Centers for Disease Control and Prevention (CDC), between 2.7 million and 6.1 million Americans were reported to have atrial fibrillation in 2019, with an estimated 12.1 million individuals projected to be affected by the condition by 2030. Whereas Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rise in the prevalence of cardiovascular diseases and atrial fibrillation in the region, along with growing investments in research and development aimed at advancing cardiac care. Additionally, shifting dietary patterns and sedentary lifestyles are fueling the surge in cardiovascular diseases resulting in increasing the demand for effective treatment solutions across the region, which, in turn, are significantly propelling the market demand across the region.

Major market players included in this report are:

Boston Scientific Corporation

Medtronic PLC

Biotronik SE & Co. KG

AtriCure Inc.

Cardiofocus Inc.

Abbott Laboratories

Johnson & Johnson

MicroPort Scientific Corporation

Koninklijke Philips NV

Siemens AG

Recent Developments in the Market:
  • In February 2023, Abbott obtained approval from both the European Union and the US FDA for its TactiFlex Ablation Catheter and Sensor Enabled products. These cutting-edge ablation catheters incorporate a flexible tip and contact force sensing technology, specifically designed for treating abnormal heart rhythms, including atrial fibrillation. This initiative is likely contributed to advancements in AF treatment, enhanced competition and innovation in the market, improved patient outcomes, and expanded global access to cutting-edge technology for addressing abnormal heart rhythms.
Global Atrial Fibrillation Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Treatment Type, End-use, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Treatment Type:

Pharmacological Treatment

Non-Pharmacological Treatment

By End-use:

Hospitals

Specialty Clinics

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Atrial Fibrillation Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Atrial Fibrillation Market, by Treatment Type, 2020-2030 (USD Billion)
  1.2.3. Atrial Fibrillation Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL ATRIAL FIBRILLATION MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL ATRIAL FIBRILLATION MARKET DYNAMICS

3.1. Atrial Fibrillation Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing government initiatives and healthcare reforms
    3.1.1.2. Rising inclination towards minimally invasive procedures for AFib treatment
  3.1.2. Market Challenges
    3.1.2.1. High costs associated with AFib procedures and devices
    3.1.2.2. Regulatory issues associated with the devices
  3.1.3. Market Opportunities
    3.1.3.1. Increasing research and development activities
    3.1.3.2. Growing number of programs to enhance public awareness

CHAPTER 4. GLOBAL ATRIAL FIBRILLATION MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ATRIAL FIBRILLATION MARKET, BY TREATMENT TYPE

5.1. Market Snapshot
5.2. Global Atrial Fibrillation Market by Treatment Type, Performance - Potential Analysis
5.3. Global Atrial Fibrillation Market Estimates & Forecasts by Treatment Type 2020-2030 (USD Billion)
5.4. Atrial Fibrillation Market, Sub Segment Analysis
  5.4.1. Pharmacological Treatment
  5.4.2. Non-Pharmacological Treatment

CHAPTER 6. GLOBAL ATRIAL FIBRILLATION MARKET, BY END-USE

6.1. Market Snapshot
6.2. Global Atrial Fibrillation Market by End-use, Performance - Potential Analysis
6.3. Global Atrial Fibrillation Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
6.4. Atrial Fibrillation Market, Sub Segment Analysis
  6.4.1. Hospitals
  6.4.2. Specialty Clinics
  6.4.3. Others

CHAPTER 7. GLOBAL ATRIAL FIBRILLATION MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Atrial Fibrillation Market, Regional Market Snapshot
7.4. North America Atrial Fibrillation Market
  7.4.1. U.S. Atrial Fibrillation Market
    7.4.1.1. Treatment Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. End-use breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Atrial Fibrillation Market
7.5. Europe Atrial Fibrillation Market Snapshot
  7.5.1. U.K. Atrial Fibrillation Market
  7.5.2. Germany Atrial Fibrillation Market
  7.5.3. France Atrial Fibrillation Market
  7.5.4. Spain Atrial Fibrillation Market
  7.5.5. Italy Atrial Fibrillation Market
  7.5.6. Rest of Europe Atrial Fibrillation Market
7.6. Asia-Pacific Atrial Fibrillation Market Snapshot
  7.6.1. China Atrial Fibrillation Market
  7.6.2. India Atrial Fibrillation Market
  7.6.3. Japan Atrial Fibrillation Market
  7.6.4. Australia Atrial Fibrillation Market
  7.6.5. South Korea Atrial Fibrillation Market
  7.6.6. Rest of Asia Pacific Atrial Fibrillation Market
7.7. Latin America Atrial Fibrillation Market Snapshot
  7.7.1. Brazil Atrial Fibrillation Market
  7.7.2. Mexico Atrial Fibrillation Market
7.8. Middle East & Africa Atrial Fibrillation Market
  7.8.1. Saudi Arabia Atrial Fibrillation Market
  7.8.2. South Africa Atrial Fibrillation Market
  7.8.3. Rest of Middle East & Africa Atrial Fibrillation Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Boston Scientific Corporation
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Medtronic PLC
  8.3.3. Biotronik SE & Co. KG
  8.3.4. AtriCure Inc.
  8.3.5. Cardiofocus Inc.
  8.3.6. Abbott Laboratories
  8.3.7. Johnson & Johnson
  8.3.8. MicroPort Scientific Corporation
  8.3.9. Koninklijke Philips NV
  8.3.10. Siemens AG

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

12 .LIST OF TABLES

TABLE 1. Global Atrial Fibrillation Market, report scope
TABLE 2. Global Atrial Fibrillation Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Atrial Fibrillation Market estimates & forecasts by Treatment Type 2020-2030 (USD Billion)
TABLE 4. Global Atrial Fibrillation Market estimates & forecasts by End-use 2020-2030 (USD Billion)
TABLE 5. Global Atrial Fibrillation Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Atrial Fibrillation Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Atrial Fibrillation Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Atrial Fibrillation Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Atrial Fibrillation Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Atrial Fibrillation Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Atrial Fibrillation Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Atrial Fibrillation Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Atrial Fibrillation Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Atrial Fibrillation Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Atrial Fibrillation Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Atrial Fibrillation Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Atrial Fibrillation Market
TABLE 70. List of primary sources, used in the study of global Atrial Fibrillation Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Atrial Fibrillation Market, research methodology
FIG 2. Global Atrial Fibrillation Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Atrial Fibrillation Market, key trends 2022
FIG 5. Global Atrial Fibrillation Market, growth prospects 2023-2030
FIG 6. Global Atrial Fibrillation Market, porters 5 force model
FIG 7. Global Atrial Fibrillation Market, pest analysis
FIG 8. Global Atrial Fibrillation Market, value chain analysis
FIG 9. Global Atrial Fibrillation Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Atrial Fibrillation Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Atrial Fibrillation Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Atrial Fibrillation Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Atrial Fibrillation Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Atrial Fibrillation Market, regional snapshot 2020 & 2030
FIG 15. North America Atrial Fibrillation Market 2020 & 2030 (USD Billion)
FIG 16. Europe Atrial Fibrillation Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific Atrial Fibrillation Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Atrial Fibrillation Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Atrial Fibrillation Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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