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Atrial Fibrillation Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024

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Atrial fibrillation or A-fib or AF is an irregular heart beat exemplified by rapid and abnormal beating of the heart. The process usually starts as short periods of uncharacteristic beating that become elongated and constant over a period of time. M
ATRIAL FIBRILLATION MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2016–2024
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REPORT DESCRIPTION
Atrial Fibrillation Market Overview
Atrial fibrillation or A-fib or AF is an irregular heart beat exemplified by rapid and abnormal
beating of the heart. The process usually starts as short periods of uncharacteristic beating that
become elongated and constant over a period of time. Most episodes have little or no
symptoms. Intermittently there can be palpitations in the heart, lightheadedness, fainting, chest
pain, or shortness of breath, among others. Atrial fibrillation is linked with an elevated risk of
heart failure, stroke, and dementia. The disease is a kind of supraventricular tachycardia.
Valvular heart disease and high blood pressure are some of the common risk factors for atrial
fibrillation. Some of the other risk factors related to heart include coronary artery disease, heart
failure, congenital heart disease, and cardiomyopathy. In emerging economies, valvular heart
disease mainly occurs due to rheumatic fever. High alcohol intake, thyrotoxicosis, and diabetes
mellitus are some of the other factors. Diagnoses include checking the pulse and post-pulse
measurement, an electrocardiogram (ECG) may confirm the presence of the disease. A
distinctive ECG in atrial fibrillation does not show P waves and they indicate an abnormal
ventricular rate.
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According to CDC, it is estimated that 2.7–6.1 million individuals in the U.S. alone suffer from
atrial fibrillation. The report further states that the number is likely to increase with the aging of
the population in this region. Roughly 2% of the population who are younger than 65 years of
age suffers from AF.
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REPORT DESCRIPTION
However, around 9% of the population aged 65 years or more suffers from AF. The global
market for atrial fibrillation is expected to grow at a steady pace, owing to the rise in the
number of AF patients, caused primarily by common diseases and health conditions such as
diabetes, obesity, and hypertension. Prevalence is especially highly among the geriatric
population. Increasing cases of AF among the global population coupled with rising
importance of catheter ablation procedures is expected to fuel growth of the atrial
fibrillation market over the forecast period (2016–2024).
Increasing prevalence of atrial fibrillation, especially among the geriatric population to
drive growth of the overall atrial fibrillation market
Rise in life expectancy among the global population has led to an increase in occurrence of
AF in geriatric population. Also, rise in inclination for catheter ablation and technological
advancements will fuel the market growth of atrial fibrillation market. Nonetheless, lack of
skilled professionals and hostile first choice of pharmaceutical interventions over AF healing
devices are projected to encumber the growth of the atrial fibrillation market size. According
to the National Center for Biotechnology Information (NCBI), the prevalence of AF is
estimated to double in a span of two decades (2010–2030). Favorable regulatory steps such
as “National Programme for Prevention and Control of Diabetes, Cardiovascular Diseases
and Stroke (NPDCS)” undertaken by the Government of India, which aims to prevent and
control premature mortality and morbidity from cardiovascular diseases, stroke and
diabetes mellitus. These factors governing the market along with rise in total number of AF
cases will propel growth of the market during the forecast period.
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REPORT DESCRIPTION
North America is the largest revenue contributor towards the global atrial fibrillation market
share. Presence of advanced healthcare facilities and higher adoption rate of technologically
advanced technologies in countries such as U.S. and Canada are some of the factors responsible
for the dominance of the market in this region. The market in Asia Pacific is projected to grow at
a substantial rate in the near future, owing to the region’s growing population and rapidly aging
population highly vulnerable to heart diseases. Also, demand for atrial fibrillation treatment
devices is estimated to increase, owing to the advancements in healthcare infrastructure and
rise in expenditure in the emerging economies such as China and India thereby, fueling overall
growth of the global atrial fibrillation market over the forecast period.
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Some of the major companies operating in the atrial fibrillation market in the current scenario
are Cardiofocus, Inc., Biosense Webster, Inc., Biotitic Se & Co. Kg, St. Jude Medical, Inc.,
Medtronic, Inc., Carima, Inc., Boston Scientific Corporation, Ncontact, Inc., and Agricore, Inc.
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