Pulsed Field Ablation Market to Record an Exponential CAGR by 2031 - Exclusive Report by InsightAce Analytic

JERSEY CITY, N.J., Nov. 14, 2023 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Pulsed Field Ablation Market- By Therapeutic Area (Cardiovascular Disorders, Oncological Disorders, Respiratory Disorders, Dermatological Disorders), By Product Components (Catheter, Generator, By Application Area (Ablation, Ablation and Mapping), By Source of Ablation (Pulsed Field Energy, Pulsed Field and Radiofrequency Energy, Pulsed Field and Cryoablation Energy)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Pulsed Field Ablation Market is expected to represent a CAGR of 38.51% during a forecast period of 2023-2031.

Pulsed Field Ablation Market Report Scope

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Recent Developments

• In May 2023, Abbott declared that its TactiFlex Ablation Catheter, Sensor Enabled, has been approved by the FDA. This, according to the manufacturer, is the first ablation catheter in the world to feature a flexible tip and contact force technology. Additionally, the TactiFlex catheter was integrated with Abbott's EnSite X EP System, which enabled more precise visualization of cardiac anatomy by physicians.
• In March 2023, The Medtronic PulseSelect PFA System demonstrated exceptional results in the pioneering PULSED AF global IDE trial. The primary objective of PULSED AF was to assess the reliability and efficacy of the PulseSelect System in adult patients with a documented medical history of symptomatic paroxysmal or persistent AF that was resistant to medication treatment.

Pulsed Field Ablation (PFA) is a medical technology used to treat cardiac arrhythmias, particularly atrial fibrillation (AF). Market is a minimally invasive procedure that uses high-energy electrical fields to create localized lesions in the heart tissue, disrupting the abnormal electrical pathways causing arrhythmia. Furthermore, PFA technology was evolving, with efforts to make the procedure safer, more precise, and more accessible to a broader range of patients. Research and development efforts were focused on enhancing catheter designs, energy delivery mechanisms, and mapping technologies to improve patient outcomes. PFA devices and procedures were subject to regulatory approvals by health authorities in different countries.

Additionally, regulatory clearance and reimbursement status varied by region, impacting market adoption rates and faced challenges related to its complexity and the need for specialized training. Furthermore, the cost of PFA procedures and competition from other atrial fibrillation treatment methods, such as radiofrequency ablation and medication, posed challenges for market penetration.

List of Prominent Players in the Pulsed Field Ablation Market:

• AccuPulse Medical
• Acutus Medical 
• Adagio Medical 
• AngioDynamics 
• Arga Medtech 
• AtriAN Medical 
• Biosense Webster 
• Boston Scientific 
• CardioFocus 
• CathRx 
• CRC EP 
• Galvanize Therapeutics 
• Gradient Medical 
• Hangzhou Dinova EP Technology 
• Kardium 
• Medtronic 
• Abbott
• Mirai Medical 
• Pulse Biosciences 
• Tianjin Intelligent Health Medica
• ElectroPhysiology Frontiers
• EnChannel Medical
• Others

Market Dynamics:

Drivers- 

The PFA market was expected to continue growing as the technology matured and gained wider acceptance among electrophysiologists and patients. However, the pace of growth and market dynamics may have shifted in the years following my last update. Ongoing research and development efforts have led to technological advancements in PFA systems. Improved catheter designs, enhanced energy delivery mechanisms, and more advanced mapping technologies are making PFA procedures safer and more effective, attracting healthcare providers and patients. Educational efforts by medical professionals and healthcare organizations are increasing awareness about AF and its treatment options, including PFA. As more patients and physicians become informed about PFA, demand for the procedure is likely to rise. 

Challenges:

PFA was relatively new, and there might have been limited long-term clinical data available to demonstrate its safety and efficacy compared to established techniques like radiofrequency ablation. This could impact adoption by healthcare providers and payers. Obtaining regulatory approval from agencies in the United States or the CE Mark in Europe can be a lengthy and expensive. Ensuring that PFA systems meet regulatory requirements was a significant hurdle for companies in this market. The PFA market might have been limited by the size of the patient population with specific arrhythmias. Smaller patient populations could limit the market's overall growth potential.

Regional Trends:

The North America Pulsed Field Ablation market is expected to register a major market share. Increasing awareness among patients about the availability of PFA as a treatment option was important. This required educational efforts by healthcare providers and device manufacturers. The PFA market in North America was poised for growth due to the increasing incidences of atrial fibrillation and the demand for more effective and less invasive treatment options. Besides, Europe had a substantial share of the market. European healthcare institutions and electrophysiology centres were adopting PFA technology for the treatment of cardiac arrhythmias, including AFib. Adoption rates varied across different European countries and healthcare facilities. Companies developing PFA devices were seeking regulatory approvals, including the CE Mark, necessary for commercializing medical devices in Europe. Compliance with European regulations was a key factor in market entry.

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Segmentation of Pulsed Field Ablation Market-

By Therapeutic Area

• Cardiovascular Disorders
• Oncological Disorders
• Respiratory Disorders
• Dermatological Disorders

By Product Components

• Catheter
• Generator

By Application Area

• Ablation
• Ablation and Mapping

By Source of Ablation

• Pulsed Field Energy
• Pulsed Field and Radiofrequency Energy
• Pulsed Field and Cryoablation Energy

By Region-

• North America-
  • The US
  • Canada
  • Mexico
• Europe-
  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific-
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America-
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa-
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

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Why should buy this report:

• To receive a comprehensive analysis of the prospects for the global pulsed field ablation market
• To receive an industry overview and future trends in the global pulsed field ablation market
• To analyze the pulsed field ablation market drivers and challenges
• To get information on the pulsed field ablation market size value (US$ Mn) forecast till 2031
• Major Investments, Mergers & Acquisitions in the global pulsed field ablation industry

Other Related Reports Published by InsightAce Analytic:

Sensor-based Smart Catheters Market 

Catheter Introducer Sheaths Market

Cardiac Autonomic Control Market

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