The North American Atrial Fibrillation market is projected to grow significantly, reaching US$ 6,284.87 million by 2027, up from US$ 2,285.69 million in 2019. This represents a compound annual growth rate (CAGR) of 13.7% from 2020 to 2027.
The market’s expansion is primarily driven by the increasing prevalence of cardiovascular diseases and growing awareness of atrial fibrillation. However, the high cost of atrial fibrillation devices and procedures is expected to hinder market growth in the coming years.
Atrial fibrillation is one of the most common heart conditions, characterized by an irregular and often excessively fast heart rate, which increases the risk of stroke. Many individuals remain unaware of its symptoms, leading to undiagnosed and untreated cases. Efforts to raise awareness, such as Health Innovation Manchester’s initiative in November 2018 during Global AF Aware Week, aim to improve detection and management of the condition.
Other than bodies such as associations and organizations, companies in the market have also played an instrumental role in increasing the awareness regarding atrial fibrillation. For instance, Biosense Webster, a Division of Johnson & Johnson, launched two major initiatives as a part of the Global AF Aware Week, which falls between 18โ24 November. As a part of the action named Get Smart About AFIB (GSAAF), the company entered into a strategic partnership with the Arrhythmia Alliance to increase knowledge of AF across the healthcare community and the general public. As awareness helps in improving the medical care needed for the treatment of atrial fibrillation, the market is expected to witness considerable growth during the forecast period
North America Atrial Fibrillation Strategic Insights
Strategic insights for the North America Atrial Fibrillation provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Atrial Fibrillation Report Scope
Attribute
Details
Market Size (2019)
US$ 2,285.69 Million
Market Size (2027)
US$ 6,284.87 Million
Global CAGR (2020-2027)
13.7%
Historical Data
2017-2018
Forecast Period
2020-2027
Segments Covered
By Treatment Type: Non-pharmacological, Pharmacological
By End User: Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Laboratories
North America Atrial Fibrillation Regional Insights
The geographic scope of the North America Atrial Fibrillation refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Atrial Fibrillation – MARKET SEGMENTATION
Category
Segments
By Treatment
Non-Pharmacological: MAZE Surgery, Catheter Ablation, Electric Cardioversion
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Authorโs Bio Akshay Senior Market Research Expert at Business Market Insights
