Medical Bionic Implant Market to Perceive Momentous Accruals with a hefty CAGR By 2023

 Market Scenario

The global medical bionic implant market is expected to gain prominence over the forecast period (2018–2023). It is estimated that the medical bionic implant market is expected to register a CAGR of 7.0% during the forecast period of 2018–2023.

Bionic implants are artificially engineered devices that are implanted into a human to replace a natural organ. The main purpose of bionic implants is to provide life support to prevent imminent death while awaiting a transplant and improve a patient's ability to interact socially.

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It is observed that the increasing cases of organ failure have increased the demand for replaceable organs, which is propelling the medical bionic implant/artificial organs market to a great extent. According to the statistics suggested by the National Kidney Foundation, 2016 around 121,678 people were waiting for lifesaving organ transplants in the in the United States. It is also reported that in 2014, 17,107 kidney transplants took place in the U.S. The incidences of organ failure are found to be more common in the aging population, as it is more vulnerable towards health issues such as ophthalmic diseases, gastrointestinal problems, orthopedic diseases, cancer, and others.

Various other factors such as technological advancements, increasing accidents and injuries, improving regulatory framework, increasing government assistance, and increasing prevalence of eye diseases are continuously contributing to the growth of the global medical bionic implant/artificial organs market.

Despite these drivers, there are some issues associated with the medical bionic implant/artificial organs market. Lack of skilled professionals, the high cost of devices, fear of malfunction of devices, and poor healthcare system in low and middle-income countries may hamper the growth of the market to an extent.

Regional Market Summary

The Americas dominates the medical bionic implant/artificial organs market owing to the introduction of advanced medical bionic implants by major market players. On November 02, 2017, Second Sight Medical Products, Inc., a U.S. based company, received the U.S. FDA approval to initiate the Orion Cortical Visual Prosthesis System (Orion) feasibility clinical study. In 2013, the company won the FDA approval for the Argus II retinal prosthesis system.

Europe holds the second position in the medical bionic implant/artificial organs market. It is expected that the government support towards research and development expenditure and increasing cases of organ failure and related complications are likely to drive the European market.

Asia Pacific is the fastest growing medical bionic implant/artificial organs market owing to a huge patient pool, increasing demand for advanced treatments, and development in the healthcare technology. Healthcare expenditure is found to be improving in various Asia Pacific regions. According to the data suggested by Australian Institute of Health and Welfare during the year 2015 to 2016, the total health expenditure was USD 170.4 billion, i.e., 3.6% higher than the expenditure during 2014 to 2015.

The Middle East and Africa holds the lowest share of the global market due to low development, lack of technical knowledge, and poor medical facilities.

Key Players

Some of key the players in the global medical bionic implant/artificial organs market are Aleva Neurotherapeutics SA (Switzerland), Biocontrol Medical (Israel), Biomet, Inc. (U.S.), Boston Scientific Corporation (U.S.), Cochlear Ltd. (Australia), Cyberonics, Inc. (U.S.), Ekso Bionics (U.S.), LivaNova PLC (U.K), Medtronic, Inc. (U.S.), NeuroPace, Inc. (U.S.), Orthofix International N.V. (The Netherlands), Ossur (Iceland), Second Sight Medical Products, Inc. (U.S.), and St. Jude Medical, Inc. (U.S.).

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Urethral Strictures Market Projected to Witness Vigorous Expansion by 2023

 The global urethral strictures market is anticipated to touch USD 1.53 billion by 2023, as per an insightful report by Market Research Future (MRFR). It is expected to expand at a 7.30% CAGR during the assessment period (2018-2023). Urethral stricture is a condition caused to the urethra due to scarring or injury which restricts normal urine excretion from the body. The restriction can cause numerous problems, including infection and inflammation.

Increasing incidence of urinary incontinence (UI) is the primary driver of the market. Demand for cost-effective treatments for treating urethral strictures coupled with development of minimally invasive surgeries in India and China are likely to fuel market demand over the forecast period. Stringent regulations and lack of awareness among patients can restrain market growth. But prevalence of urological disorders and adoption of advanced methods can offer new opportunities for growth

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Report Overview

This report allows the user to gain a deeper understanding of the current events and trends in the market for urethral strictures. By correlating the historical data with key market dynamics, our analysts were able to make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the global urethral strictures market segmented on the basis of type, condition, cause, treatment, gender, end-user, and region with astute insights. This report has been prepared to assist industry participants in making informed decisions on growth strategies and operation management. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.

Segment Overview

By type, the urethral strictures market has been segmented into anterior and posterior urethral strictures. The posterior urethral stricture segment is expected to be the biggest revenue generator for the market till 2023. By condition, the market is segmented into hypospadias & epispadias, incontinence, and others. By gender, the market is segmented into male and female. The male segment accounted for a large market share in 2017 and possesses the potential to dominate the market till 2023.

By cause, the market is segmented into infection-induced, idiopathic, iatrogenic, and trauma. The iatrogenic segment was projected to be worth USD 468.8 million in 2017. By treatment, the market is segmented into direct vision internal urethrotomy (DVIU), urethroplasty, urethral dilation, and others. Major market end-users include ambulatory surgical centers (ASCs), urologic clinics, hospitals, and others. The hospital segment is touted to remain the top end-user till 2023.

The segments and sub-segments covered in the report are analyzed under four major regions – Americas, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA), with respective country-level market sizing. For the scope of research, the standard definition of the product/service “urethral strictures” is included in the report. The report discusses and interprets the current and future opportunities of the industry by delivering an unbiased growth assessment.

Players Covered

Boston Scientific Corporation, Cook Medical Incorporated, Olympus Corporation, Bard Medical, Inc., Stryker Corporation, and others are noteworthy players in the urethral strictures market. Players in the market are focusing on strengthening their supply chain by acquiring oilfields and expanding their product offerings to cater to demands from various industrial sectors.

The report offers comprehensive profiles on these market players and assesses their current standing in the urethral strictures market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.

Research Methodology

Market Research Future (MRFR) uses a combination of primary and secondary research to compile market reports. Primary data is accumulated from interviewing industry stalwarts and secondary research is collated by studying white papers and annual reports of leading players. Our analysts use top-down and bottom-up approaches to validate the findings of the report. The report comprises news, current trends, and future prospects related to the market, all of which can provide a thorough understanding of the market to clients. Industry leaders can make accurate business decisions based on our insights.

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Global Tachycardia Market Expected to Grow with a healthy CAGR

 Market Scenario

Tachycardia is a common type of heart disorder, which results in a faster heartbeat. Tachycardia can be caused due to various conditions such as heart diseases including coronary artery disease, drinking large amounts of alcohol, and medical conditions such as thyroid disease and certain lung diseases.

The global tachycardia market is majorly driven by the high prevalence of cardiovascular diseases, high consumption of alcohol, and increasing lung disorders. Additionally, factors such as increasing approvals for vascular closure devices, government initiatives and support, increasing demand for advanced treatment, increasing research and clinical trials for tachycardia, and growing market players offering newer products are likely to drive the market.

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Factors that are likely to hamper the growth of the market are the high cost of the treatment and lack of awareness.

The Global Tachycardia Market is expected to grow at a CAGR of 6.5% during the forecast period.

Intended Audience

• Pharmaceutical Manufacturers and Suppliers
• Medical Research Laboratories
• Research and Development (R&D) Companies
• Market Research and Consulting Service Providers
• Potential Investors

Segments                                                                                                                                            

The global tachycardia market is segmented on the basis of type, treatment, diagnosis, and end-user.

On the basis of type, the market is segmented into atrial fibrillation, atrial flutter, supraventricular tachycardia, ventricular tachycardia, ventricular fibrillation, and tachy-brady syndrome. 

On the basis of treatment, the market is segmented into vagal maneuvers, medications, and cardioversion. On the basis of diagnosis, the market is segmented into imaging tests, electrocardiogram, and stress test. On the basis of imaging tests, it is further sub-segmented into echocardiogram, MRI, CT scan, coronary angiogram, and chest X-ray.

On the basis of end-user, the market is segmented into ambulatory surgical centers, specialty centers, and hospitals and clinics.

Regional Analysis

The North American tachycardia market is a growing market in the Americas region. On a regional basis, the Americas region is segmented into North America and South America. North America is segmented into the U.S. and Canada. The increasing number of alcohol consumption and rising prevalence of cardiovascular rates are likely to enhance the growth of vascular closure devices. Additionally, the increasing need for minimally invasive procedures, growing healthcare expenditure, and the rising demand for technologically advanced treatments and products along with the rising government support are likely to enhance the growth of the tachycardia market in North America.

Europe is the second largest market and holds a healthy share in the global tachycardia market. The European market is expected to grow during the forecast period owing to the availability of newer and advanced treatment facilities and healthcare expenditure along with growing need for better healthcare infrastructure. Furthermore, increasing cardiovascular rates, along with rising population inclined towards sedentary lifestyle is driving the growth of the tachycardia market. According to the European Heart Network, in 2015, there were 11.3 million cardiovascular disorder cases in Europe.

Asia Pacific is expected to be the fastest growing market. The increasing prevalence of chronic diseases is the major driver for the market growth. China is the fastest growing region owing to an increasing population. The increasing awareness about health and availability of new treatment methods drives the market in this region. The increasing healthcare expenditure and rise in the standard of living are driving the growth of the tachycardia market in the Asia Pacific region.

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The Middle East and Africa is expected to show the least growth in the market due to some major factors such as lack of awareness and limited access and availability of treatment facilities. In the Middle East, the United Arab Emirates is the largest market owing to the development of the healthcare industry and rising availability of specialty care centers.

Key Players                                                                                                         

Some of the key players in the Tachycardia market are TZ Medical, Cardiva Medical Inc., Medtronic plc, Terumo Corporation Essential Medical, Inc., Merit Medical Systems, Inc., Abbott, Cardinal Health Inc., Inc., and Vasorum Ltd.

 

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Blepharitis Market is Expected to Exhibit a Strong CAGR during forecast period upto 2023

 

Market Highlights

Blepharitis is an ophthalmologic disorder which causes inflammation of the eyelids that leads to eye irritation. It is a common eye disorder that is caused by either bacteria or a skin condition like dandruff from the scalp or overproduction of oil from the glands of the eyelids.

Global Blepharitis Market is expected to grow a healthy growth at a CAGR of 6.5% during the forecast period.

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Regional Analysis

The Americas dominate the global blepharitis treatment market owing to the rising ophthalmological disorders, such as dry eye, uveitis among others and increasing awareness among mass regarding eye care. Additionally, competitiveness among the major players in the North America region is likely to enhance the growth of blepharitis in the North American region. Similarly, growing initiatives and funding’s along with demand for newer technologies are propelling the growth of blepharitis market in North America region. For instance, eye care programs such as Eye Care America and VISION USA aims to provide free eye examinations to eligible and uninsured people in the North American region.

Europe accounts for the second largest market due to increasing aging mass and rising rates of eye disorders. Additionally, improving government initiatives and increasing healthcare frame along with rising demand for technologically innovative treatment is driving the growth of blepharitis market in Europe. For instance, Eurostat estimated that over 19.2% of the population in Europe were aged 65 and above. Additionally, according to the United Kingdom Statistics Authority, around 121,736 eye examinations were performed under Eye Health Examinations Wales (EHEW) scheme. This rising older population and increasing government initiatives are likely to drive the growth of the blepharitis market.

Asia Pacific is the fastest growing market for blepharitis as it is developing at a very rapid pace and has shown the emergence of many players. Additionally, rising prevalence of ophthalmological disorders, increasing healthcare expenditure and demand for new treatment options along with multinational companies moving towards the developing nations and setting operational set-ups are likely to drive the growth of the market. India and China are the major contributors to the market growth due to the rapid development of healthcare infrastructure in these regions and increasing demand for improved healthcare services.

On the other hand, the Middle East & Africa is expected to witness limited growth due to limited access and lack of awareness among the population. In the Middle East, the growth of the market is driven by increasing availability of advanced healthcare scenario.

Segmentation

The global blepharitis market is segmented on the basis of type, treatment, diagnosis, and end user.

 On the basis of type, the market is segmented into anterior blepharitis, posterior blepharitis, and mixed blepharitis.

On the basis of treatment, the market is segmented into eye cleansers, artificial tears, and antibiotic therapy. Antibiotic therapy segment is further sub-segmented into topical antibiotic therapy and oral antibiotic therapy.

 On the basis of diagnosis, the market is segmented into physical examination, comprehensive eye examination, and others.

On the basis of the end user, the market is segmented into specialty centers, hospitals, and others.

Key Players

Some of the key players in the Blepharitis market are Scope Ophthalmics Ltd, InSite Vision Incorporated, NovaBay Pharmaceuticals, Inc., Thea Pharmaceuticals Limited, Perrigo Laboratories, Merck & Co., Galderma S.A., and Novartis AG.

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Blood Transfusion Diagnostics Market is expected to rise at a remarkable CAGR By 2023

 Ortho Clinical Diagnostics (U.S), Immucor (U.S), Beckman Coulter (U.S),  Grifols (Spain), Thermo Fisher Scientific, Inc. (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), bioMérieux (France), Bio-Rad Laboratories, Inc. (U.S.), Siemens (Germany), Becton, Dickinson and Company (U.S.), Novartis AG (Switzerland), Beckman Coulter, Inc. (U.S.), Diagast (France), Abbott Diagnostics (U.S), BAG healthcare (Germany),  DiaSorin (Italy), Fujirebio (Belgium), Grifols (Spain), Quidel (U.S), Hologic/Gen-Probe (U.S), Biokit (Spain).are some of the prominent players at the forefront of competition in the global Blood Transfusion Diagnostics market and top seven players are profiled in MRFR Analysis.

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Global Blood Transfusion Diagnostics Market   – Overview

Blood transfusion is an essential part of providing healthcare services to the patients. Blood and blood products like RBC’s, WBC’s, platelets and others are transfused from one person to another. This requires screening tests which are vital before conducting blood transfusion. Strict regulation governing the use and transfer of blood, increasing awareness regarding blood transfusion and automation of blood banks drive the growth of this market. Furthermore, increasing demand for diagnostic and treatment devices in developed and developing countries further influence the growth of the market. However, the growth of the market is restrained by various factors such as risk involved in transmission of infectious disease from one person to another without carrying out screening procedure.

Global Blood Transfusion Diagnostics Market   – Competitive Analysis

There is a significant increase in the number of the company offering blood transfusion diagnostics. Some major companies are trying to focus on new and advanced tests & products to gain the market. Whereas, some are has used the technique of acquisition and collaboration to gain the blood transfusion diseases market.

Hoffmann-La Roche AG:

• August, 2015: F. Hoffmann-La Roche AG acquired GeneWEAVE to strengthen offerings in microbiology diagnostics. Roche will pay GeneWEAVE shareholders USD 190 million upfront and up to USD 235 million in contingent product related milestones
• February 2015 : F. Hoffmann-La Roche AG announced the collaboration with BioMed X for the development of Nanomaterial-Based Biosensors for Near-Patient Testing
• September 2014: F. Hoffmann-La Roche AG launched Elecsys anti-Müllerian Hormone (AMH) fertility test for assessment of ovarian reserve for pregnancy

Abbott:

• June, 2017: Alere shareholders approve amended merger with Abbott. This merger will further strengthen the global presence of the company.
• August, 2016: Abbott announced the introduction of its new “Alinity”, a family of next generation systems across immunoassay, clinical chemistry, point of care, haematology, blood and plasma screening and molecular diagnostics.
• April, 2016: The company received FDA approval for its companion diagnostics “Vysis CLL FISH probe kit” in Leukemia. The kit is used to detect the 17p deletion in chronic lymphocytic leukemia patients, the target population of a new drug from AbbVie.
• April, 2016: Abbott received FDA approval for its companion diagnostics “Vysis CLL FISH probe kit” in Leukemia. The kit is used to detect the 17p deletion in chronic lymphocytic leukemia patients, the target population of a new drug from AbbVie.

Bio-Rad Laboratories, Inc.:

July 2017: Bio-Rad Laboratories, Inc., a global provider of life science research and clinical diagnostic products launched Amplichek I quality control for the testing of infectious diseases.

Global Blood Transfusion Diagnostics Market   – Regional Analysis

Globally, Americas account for the largest market share in blood transfusion diagnostics market consists of two regions namely North America and South America. Increasing in number of blood banks, adoption of automation in blood banks, awareness programs in school & medical institutes and demand of safe and reliable technology for blood transfusion drive this market in North America. Increasing adoption of Nucleic Acid Amplification for diagnosis of blood and blood products also contribute to the growth of this market in North America. United States is the biggest market place worldwide contributing 46% of total blood transfusion diagnostics market. Ortho-Clinical Diagnostic is the largest transfusion diagnostic equipment and solution provider with estimated market share of 7 to 8%. Medical institutes conduct lecture and conference on safe blood transfusion for medical students and also for patients. Europe blood transfusion diagnostics market has observed stable growth owing to increasing demand for advanced diagnostic products. Asia-Pacific is fastest growing market region for this market due to presence of huge patient pool, and huge opportunity for the market growth. The Middle East and Africa holds the least share in the market due to lack of awareness among the people and limited development of medical sector.

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Botulism Illness Market to Perceive Momentous Accruals with a hefty CAGR By 2023

 

Global Botulism Illness Market – Overview

The global botulism illness market is expecting a steady growth in coming future. Increasing prevalence of diseases, government support for the research and development and availability of the effective treatment for the botulism illness has driven the growth of the market.

Botulism illness is one of the rare and fatal paratactic disorder caused by neurotoxins produced by a bacteria Clostridium botulinum. Weakness, feeling tired, trouble in speaking and fever are some of the major symptoms of the disease. Botulism can be spread several different ways and is major caused due to food, water and neighbouring environment. According to the Centers for Disease Control and Prevention, in US every year, approximately 150 cases, are reported of which 15% are food borne, 65% are infant borne and remaining is caused due to wounds. Continuous increasing awareness and increasing health hygiene of the people helped to minimizing botulism.

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Botulism is generally treated with antitoxin and supportive care. Supportive care for botulism includes monitoring of respiratory function. Antitoxin is required in case of both foodborne and wound botulism. Wounds should be treated, usually surgically, to remove the source of the toxin-producing bacteria followed by administration of appropriate antibiotics. Mechanical ventilators are needed when there is a breathing problem while rehabilitation therapies are needed in case of speaking or swallowing problem.

The global botulism illness market is expected to grow at a CAGR of 5.9% during the forecast period.

Global Botulism Illness Market – Regional Analysis

MerckMillipore, Sigma Aldrich, Fisher Scientific, Otsuka Chemical Co Ltd, Loba Chemie, Lenntech, Arkema SA,Bann Química, Chemtura Corporation, Behn Meyer Solutia Incorporated, Emerald Performance Materials, Lanxess AG, Eastman Chemicals Co and others are some of the prominent players at the forefront of competition in the global botulism illness market and are profiled in MRFR Analysis. 

Depending on geographic region, globally North America is the largest market for botulism illness. In North America, the US is one of the major markets for the treatment of botulism illness. The Centers for Disease Control and Prevention in the US has been looking forward to the proper treatment and care. Rising awareness and proper diagnose has meet the expectation of the North America, particularly in the U.S. region.

Europe is the second-largest market for botulism illness. European medical and healthcare associations along with WHO has implemented the proper treatment for botulism illness. Well-developed healthcare sector, increasing healthcare expenditure and increasing awareness among the people are the major factors for the growth of the market in America.

Asia pacific region is expected to be fastest growing region in botulism illness market. Presence of number of developing economies in this region is the major factor for the growth of the market. In some region of Asia Pacific people are not enough aware about the hygiene or not pay attention toward health hygiene. Increasing population and rapid development in the economies are also contributed in the growth of the market in Asia Pacific region. India and China are the major contributors for the market. Presence of huge population pool and rapidly developing healthcare sector with increasing healthcare expenditure has boosted the growth of this market in India and China.

Middle East & Africa accounts the least share for the market. Countries like UAE and Qatar are major contributors for the market in this area. Increasing awareness among the people are also contributed in the growth of the market.  However, high cost of R&D and long approval time for the drug are some of the hurdles expected to hinder the growth of botulism illness market.

Global Botulism Illness Market – Company Analysis

Global botulism illness market is a dominated by major players. Though there are many small companies present in the market but the huge share is acquired by major companies. Major players are trying to focus on acquisition and strategic alliances with local companies to minimize the competition.

Pfizer Inc. is one of the world’s largest pharmaceutical companies headquartered in New York. It that develops and produces medicines and vaccines for a wide range of medical disciplines. Ultravac and Longrange are botulinum vaccine widely used in the treatment of the botulism.

Industry Updates

Sept, 2017 XOMA Corporation entered into a licensing agreement with Nanotherapeutics, Inc. received a milestone payment for the clinical advancements of an anti-botulism product licensed with Nanotherapeutics. With this approval, company will be able to sell the product globally.  

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Atrial Fibrillation Market is Expected to Exhibit a Strong CAGR during forecast period upto 2023

 Market Highlights

The global atrial fibrillation market is estimated to account for USD 11123.8 million and registering a CAGR of ~ 11.2 %. Atrial fibrillation is a disorder of the pace or the rhythm of the heart. It is caused by unsystematic electrical activity in the atria of the heart, which causes rapid stimulus of the ventricles, leading to an irregular heartbeat. Numerous factors such as advancements in minimally invasive surgeries to treat atrial fibrillation, appropriate and timely intervention of the healthcare delivery systems, and increased incidence rates of the risk factors are expected to drive the growth of the market during the forecast period. According to the Centers for Disease Control and Prevention, Atrial fibrillation (AFib) costs the United States about USD 6 billion annually. Medical costs for people who have AFib are about USD 8,705 higher per year than for people who do not have AFib. Therefore, the ability of the specialist to suspect and diagnose the condition is very important. The lack of technical knowledge and misdiagnosis and mismanagement of the condition may hamper the market growth.

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The global atrial fibrillation market is currently dominated by many market players. The key players in the market are engaged in new product launches and strategic collaborations to strengthen its market position. For instance, in January 2017, Abbott completed the acquisition of St. Jude Medical, Inc. St. Jude Medical’s strong positions in fast-growing areas such as atrial fibrillation, heart failure, structural heart and chronic pain balance Abbott’s leading positions in coronary interventions and mitral valve disease and will further create a strong and diverse product portfolio.

Regional Analysis

The market in the Americas is expected to dominate the global atrial fibrillation market during the forecast period due to the escalation in the adoption of advanced technologies and procedures for the treatment of atrial fibrillation, and well-developed healthcare infrastructure. According to the Centers for Disease Control and Prevention in 2017, an estimated 2.7–6.1 million people in the United States have atrial fibrillation (AFib). The European market is expected to be the second-largest due to government funding and support of the healthcare sector. Also, many companies are setting up their research and development centers in this region, which will boost the market growth in this region. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the assessment period owing to growing disposable income, and huge population susceptible to cardiovascular diseases. The market in the Middle East & Africa is likely to account for the smallest share of the global atrial fibrillation market.

Segmentation

The global atrial fibrillation market has been segmented into type, treatment, and end-user.

The market, on the basis of type, has been segmented into paroxysmal atrial fibrillation, persistent atrial fibrillation, and permanent atrial fibrillation.

The permanent type of atrial fibrillation is anticipated to hold the largest share as it is the most common type of AFib with a high occurrence rate. The persistent atrial fibrillation segment is estimated to be the fastest growing owing to increased recurrence rates in patients.

The market, on the basis of treatment, has been segmented into medications, non-surgical procedures, and surgical procedures.

The market, based on medications, has been segmented blood thinners, rate controllers, and rhythm controllers.

The market, based on non-surgical procedures, has been segmented into electrical cardioversion and catheter ablation.

The market, based on surgical procedures, has been segmented into pacemaker implantation and open-heart maze procedure.

Key Players

Some of the key players in the global atrial fibrillation market are Medtronic Plc, Johnson & Johnson Services, Inc., Abbott, Boston Scientific Corporation, MicroPort Scientific Corporation, Biotronik SE & Co. KG, Koninklijke Philips N.V., AtriCure, Inc., CardioFocus, Osypka AG, Siemens AG, Biosense Webster, Inc., Sichuan Jinjiang Electronic Science and Technology Co., Ltd., CathRx Ltd., and Vanguard AG.

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