Cardiac Ablation Market Trends

Growth Drivers

• Growing Prevalence of Diabetes Mellitus  - The expected prevalence of diabetes worldwide in 2019 was about 8% (approximately 460 million people), and it was predicted to increase to about 9% (approximately 570 million) by 2030 and more than 11% (approximately 699 million) by 2045. Atrial fibrillation (AF) cardiac ablation appears to be a safe therapy in people with diabetes mellitus (DM) and considerably lowers symptom load in this group. Patients with and without DM experienced comparable post-procedural complications and hospitalization rates. Hence, owing to this, the cardiac ablation market is estimated to boost over the forecast period.
• Rising Geriatric Population  - According to the World Health Organization, the number of people 60 and older in the world is expected to double by 2050 (2.1 billion). One of the key elements that is going to have a beneficial effect on cardiac ablation market revenue is the growing geriatric demographic base. The number of ablation treatments would increase in the coming years since elderly people to experience a greater variety of cardiovascular problems than younger people. Moreover, age-related changes in the heart's and blood vessels' functionality increase the risk of cardiac diseases. Additionally, the ageing population is projected to fuel the need for cardiac ablation as it is a safe and highly successful treatment for disorders such as atrial fibrillation, arrhythmia, and tachycardia.
• Surge in Investment in the Healthcare Sector - Throughout the past two decades, India has emerged as one of the fastest-growing emerging economies, benefiting from significant FDI inflows that have increased from USD 2.5 billion in 2000–01 to USD 50 billion in 2019–20.
• Growth in Preference for Minimally Invasive Treatment - Minimally invasive operations made up 11.1% of these procedures in 2017 and were assisted by robotics in 2.5% of them; these percentages increased to 11.2% and 2.9%, respectively, in 2018.
• Upsurge in Consumption of Alcohol - By 2024, it was predicted that India's alcohol consumption would rise to roughly 7 billion litres from approximately 4 billion litres as it was in 2020.

Challenges

• Stringent Government Regulations
• Risk Associated with Cardiac Ablation - Cardiac Ablation is estimated to cause various complication owing to the procedure. It may lead to bleeding and may also cause infection on the area where catheter was inserted. Moreover, it could also damage the blood vessel or heart valve. Sometimes patients also suffer from heart-attack and stroke. However, in rare cases it might cause death. Hence owing to all these complications the cardiac ablation market is expected to hinder over the forecast period.
•  High Cost of the Treatment