UK Atrial Fibrillation Devices Market

U.K. Atrial Fibrillation Devices Market to surpass USD 2.063.9 million by 2031 from USD 706.1 million in 2021 at a CAGR of 11.3% in the coming years, i.e., 2021-2031. Product Overview Atrial fibrillation (AF) is a type of cardiac arrhythmia which is caused by irregular electrical activities in the atria. It may occur with no symptoms but the most common ones associated with it are palpitations, fainting, congestive chest pain or failure of the heart. The confirmation for AF is obtained by an electrocardiogram which exhibits an absence of the P wave and irregular rate of ventricular contractions. These irregularities in the regular cardio-electric impulses of the sino-atrial node are the result of interference from chaotic electric impulses generating from roots of pulmonary veins consequently leading to the conduction of an irregular heartbeat. Market Highlights U.K. Atrial Fibrillation Devices Market is expected to project a notable CAGR of 11.3% in 2031. In U.K. many companies have increased their investment towards research and development in order to innovate the existing AF devices and to integrate AI enabled solutions. R&D in atrial fibrillation is expected to offer lucrative growth opportunities for players in the U.K. atrial fibrillation market. U.K. Atrial Fibrillation Devices Market: Segments Therapeutic and Surgical Devices segment to grow with the highest CAGR during 2021-31 Based on Device Type, U.K. Atrial Fibrillation Devices Market is fragmented into Diagnostic and Monitoring Devices and Therapeutic and Surgical Devices. Therapeutic and Surgical Devices segment dominates the market attributed to growing demands for ablation catheters for treating AF. This segment is also expected to witness highest growth during the forecast period. Among the therapeutic and surgical devices, the Cardiac Rhythm Management Devices segment is the fastest growing segment attributed to increasing focus towards early diagnosis. Persistent Atrial Fibrillation segment to grow with the highest CAGR during 2021-31 The U.K. Atrial Fibrillation Devices Market is classified on the basis of by Disorder Type into Paroxysmal Atrial Fibrillation, Persistent Atrial Fibrillation, Permanent Atrial Fibrillation, Others Atrial Fibrillation. Persistent Atrial Fibrillation segment accounted for the largest market share of the U.K. Atrial Fibrillation Devices market. Market Dynamics Drivers Growing Adoption Of Closure Devices Rising number of patients suffering from atrial fibrillation (AF) in the U.K. is the major factors expected to propel the growth of the market. In addition, the rising cases are also in resulting in increasing demand for left atrial appendage (LAA) closure devices to treat patient. The governments are taking initiatives to create awareness amongst people regarding the importance of left atrial appendage closure devices during the pandemic, which is the major factor expected to boost the market growth in 2020. Increase In Prevalence Of Atrial Fibrillation In Geriatric Population Increasing geriatric population with complication in heart is the major factor driving the market. According to the Centers for Disease Control and Prevention (CDC), approximately 2 percent of people younger than 65 years old have AFib, while about 9 percent of people ages 65 and older have it. Restraint High Cost of U.K. Atrial Fibrillation Devices High price factor will continue to hinder the atrial fibrillation devices market value during the forecast timeframe and impeding the adoption rates in under-developed and few developing countries. U.K. Atrial Fibrillation Devices Market: Key Players • Abbott Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis • Boston Scientific Corporation, • Biotronik, • Cardinal Health, • GE Healthcare, • Medtronic Plc, • Siemens Healthineers AG, • W. L. Gore & Associates, Inc., • Hansen Medical Inc, • Cardiofocus Inc • Other Prominent Players U.K. Atrial Fibrillation Devices Market: Regions U.K. Atrial Fibrillation Devices market is segmented based on regional analysis into four major regions: England, Northern Ireland, Scotland, and Wales. England is among the top revenue generator for the atrial fibrillation devices. High incidence rate of cardiovascular diseases in the region and development of the strong technologies in the country has witnessed significant growth for the product. The country also has strong number of players present in the country across the atrial fibrillation value chain Another key country in the region is Northern Ireland, Scotland, Wales. Focus on the improved treatment producers with implementation of the AI in Atrial fibrillations, support the product growth. Impact of Covid-19 on U.K. Atrial Fibrillation Devices Market The market of AF devices is expected to witness a healthy growth in 2022 post COVID-19 outbreak. This can be attributed to increasing awareness among the people about importance of AF devices. This factor will boost the market growth in the forecast years. The rising number of patients suffering from atrial fibrillation (AF) and the growing geriatric population are the major factors expected to propel the growth of the market. In addition, the rising cases of COVID-19 is resulting in increasing demand for left atrial appendage (LAA) closure devices for treating the patients This is helping the market to witness a progressive growth in the pandemic crisis. U.K. Atrial Fibrillation Devices Market is further segmented by region into: • England Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR • Northern Ireland Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR • Scotland Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR • Wales Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR U.K. Atrial Fibrillation Devices Market report also contains analysis on: U.K. Atrial Fibrillation Devices Market Segments: • By Device Type o Diagnostic and Monitoring Devices o Therapeutic and Surgical Devices • By Disorder Type o Paroxysmal Atrial Fibrillation o Persistent Atrial Fibrillation o Permanent Atrial Fibrillation o Others Atrial Fibrillation • By End User o Hospitals o Cardiac Labs o Ambulatory Surgical Centers o Others • U.K. Atrial Fibrillation Devices Market Dynamics • U.K. Atrial Fibrillation Devices Market Size • Supply & Demand • Current Trends/Issues/Challenges • Competition & Companies Involved in the Market • Value Chain of the Market • Market Drivers and Restraints