The Asia-Pacific electrical ablator market is mainly driven by the increasing aging population with higher risk of chronic disease and increasing procedures through minimal invasive surgery. The market was valued $159 million in 2013 and is expected to reach $236 million by 2018.
Tachycardia and atrial arrhythmia occur in people where cardiac electrical impulses move abnormally through a deviated path involving extra tissue. This impulse creates an abnormal pattern of elevated or decreased heartbeats in a patient. Electrical ablators are used for such conditions and ablate healthy cells so as to cut off electrical impulses that are causing the uneven heartbeats. The procedure can be done percutaneously or by minimally invasive techniques using ultrasound imaging, fluoroscopy, or MRI.
The report "Asia-Pacific Electrical Ablators Market Forecast, 2010-2018", analyzes the market of devices under two segments such as argon plasma/beam coagulator and irreversible electroporation. The high success rate (above 70%) for removal of arrhythmic heart conditions is the major factor that is driving this market. There are over 14 million arrhythmia cases with fatality rates of 15% annually. It affects over 10% of the population over the age of 80 globally. This rate of increase in heart conditions is predicted to sustain the electrical ablation technology market through 2016, at a CAGR of 5.20%.
Emerging markets such as India, China, and Brazil have undergone significant economic development over the past decade. This development has led to an increase in healthcare availability in these countries. Also, as these countries have relatively modest GDP per capita levels and highly variable healthcare systems, the need for inexpensive ablation devices is emerging as an important factor. It has provided an opportunity for electrical ablator companies to have an established and growing market in these countries.
The aging Japanese population, which is at a higher risk of developing chronic diseases such as cancer and cardiac disorders, will ultimately cause the growth in procedure volume in the future.
Traditional electric ablation probes are not effective for ablating certain tissue types such as adhesions which develop in a large fraction of patients after surgery. Thus, there is an unmet need for devices that are suitable for ablating a variety of abnormal tissues, adhesions, and fibrous growths. Minimally invasive surgical devices are yet another area of expansion for market players in the ablation technologies market.
The report also provides an extensive competitive landscape of companies operating in the electrical ablator market. The key players of the market covered in this report are ConMed Corporation (U.S), Medtronic (U.S), Boston Scientific Corporation (U.S), AngioDynamics (U.S), and Covidien plc (Ireland).
The details of segment and country-specific company shares, news and deals, mergers and acquisitions, segment-specific pipeline products, product approvals, and product recalls of the major companies have also been covered in the report.
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