Remote Magnetic Catheter Systems has been manufactured in such a manner that enhance patient care in atrial arrhythmia diagnosis and treatment. The remote magnetic catheter systems categorized into three main parts on the basis of its functionality, In the first part two large permanent magnets that are installed on both sides of the procedure table in the electrophysiology laboratory.
These magnets are used to create an external magnetic field that will direct intra-cardiac devices such as ablation catheters. Secondly, a diagnostic mapping and ablation catheter that has a small magnet embedded in its tip and the third part of the systems is a computer that allows for the user to control and direct magnetic fields.
Remote magnetic catheter systems have advantages over the conventional method. In remote magnetic catheter systems, the catheter stability plays the pivotal role to convert the complex ablation procedure into simplest one. Remote magnetic catheter systems enhance the efficacy and accuracy of procedure as well as its also help to reduce chances of radiation exposure to physicians, staff and patient.
Increasing incidence of cardiovascular disease and conditions such as diabetes, obesity, and hypertension are leading towards various hearts problems and technological advancements are major driving factors for the remote magnetic catheter systems market.
Rising prevalence of atrial fibrillation in geriatric population and immense research and developments activities in the field of catheter ablation devices also propel the growth of remote magnetic catheter systems market over the forecast period. However, lack of skilled professionals and high cost of the treatment incurred by the patient, which obstruct the demands of these systems may be the factors expected to hamper growth of remote magnetic catheter systems market over the forecast period
The global remote magnetic catheter systems market proliferating due to the rising prevalence of arrhythmia disease across the globe. According to American Heart Association (AHA) estimates, In United States, around 2.7 to 6.1 million people affected by atrial fibrillation and its prevalence is expected to double by 2050.
Around 65% of patients with arrhythmia suffer from atrial fibrillation which is major application area of remote magnetic catheter systems. Minimally-invasive procedure is gaining high adoption rate by the major Hospitals and other medical centers which also expected to show excellent opportunity over the forecast period.
High accuracy and quick recovery than the convention treatment are expected to boost Remote Magnetic Catheter Systems market. Improvement in early detection and diagnosis of atrial fibrillation and better outcome leading the manufacturers to invest in research and development for remote magnetic catheter systems.
By treatment type global market for Remote Magnetic Catheter Systems can be categorized into Ablation of Supraventricular tachycardia, Ablation of Atrial fibrillation, Ablation of Ventricular tachycardia, Coronary Interventions and Others. Whereas, Ablation of Atrial fibrillation has the largest share among all the other types.
By End User, the global market for Remote Magnetic Catheter Systems can be segmented by Hospital, Specialty clinics and Ambulatory surgical centres.
Based on geographic region remote magnetic catheter systems are classified into seven key regions, North, America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East and Africa. The market in North America is supposed to hold the largest share of remote magnetic catheter systems in the global market, followed by Western Europe, owing to the presence of sophisticated healthcare infrastructure, surging research and favourable reimbursement scenario.
In addition to that, rising funding by both government and private sectors are also gardening the growth of remote magnetic catheter systems market. Remote magnetic catheter systems in Asia- Pacific region and Japan are anticipated to grow at a higher rate owing to the presence of large consumer base and increasing support such as funding and grants from the government sector.
However, the market for remote magnetic catheter systems in regions such as Latin America, Eastern Europe, and Middle East and Africa are estimated to show a stagnant growth over the forecast period.
Some of the key market participants in the Remote Magnetic Catheter Systems are Biosense Webster stereotaxis Inc. and others. The company is involved in R&D to exploit maximum revenue potential in the global Remote Magnetic Catheter Systems Market.
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The global market for Remote Magnetic Catheter Systems segmented by application type, end user, and geography:
Based on the Application, Remote Magnetic Catheter Systems is segmented into following:
Based on the End User, Remote Magnetic Catheter Systems is segmented into following:
Based on the Geography, Remote Magnetic Catheter Systems is segmented into following:
The catheter systems market is forecasted to register a CAGR of 8.4% during the forecast period.
Some of the prominent players with the highest sales of catheter systems in the market are Freudenberg Medical, Creganna, Becton, Dickinson and Company, Coloplast A/S, Smiths Group plc (Smiths Medical), B. Braun Melsungen AG, Terumo Corporation, Medtronic plc, and Cook Medical.
Rising sales of catheter systems is attributed to the developing healthcare sector in the developing regions of Asia Pacific and African countries.
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Remote Magnetic Catheter Systems Market
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