Portland, OR, Nov. 09, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Cardiac Mapping Market size was estimated at $2.6 billion in 2021 and is expected to hit $4.6 billion by 2031, registering a CAGR of 5.7% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Market Size in 2031 | $4.6 Billion |
| CAGR | 5.7% |
| No. of Pages in Report | 310 |
| Segments Covered | End-user, Product, Indication, and Region. |
| Drivers | Increase in numerous consequences like hypertension, cholesterol, diabetes, and obesity, which can cause strokes, cardiac arrests, or deadly heart attacks. |
| Opportunities | Manufacturing of innovative products |
| Restraints | Scarcity of knowledgeable and experienced electrophysiologists and high cost of the cardiac mapping technique |
Covid-19 scenario-
- The majority of people who suffered from the virus had cardiovascular diseases. There were also individuals who developed it during the course of the illness, which increased the demand for cardiovascular treatments and related devices, thus impacting the global cardiac mapping market positively.
- Also, the key market players in the industry started investing on R&D activities at a large scale, which boosted the market growth.
The global cardiac mapping market is analyzed across end-user, product, indication, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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By end-user, the hospitals segment contributed to nearly three-fifths of the global cardiac mapping market revenue in 2021, and is expected to dominate by 2031. The same segment, on the other hand, would showcase the fastest CAGR of 6.2% throughout the forecast period.
Based on product, the contract cardiac mapping systems segment accounted for nearly two-thirds of the total market revenue in 2021, and is expected to dominate by 2031. The non-contract cardiac mapping systems segment, simultaneously, would cite the fastest CAGR of 6.8% throughout the forecast period.
Based on indication, the atrial fibrillation segment held more than half of the total market revenue in 2021, and is expected to dominate by 2031. The atrial flutter segment, however, would cite the fastest CAGR of 7.6 % throughout the forecast period.
Based on region, the market across North America generated more than two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region would also showcase the fastest CAGR of 8.3% during the forecast period. The other regions studied in the report include LAMEA and Europe.
The key market players analyzed in the global cardiac mapping market report include Acutus Medical Inc., APN Healthcare, BioSig Technologies, Boston Bioscientific Corporation, Johnson And Johnson (Biosense Webster), Kardium Inc., Koninklijke Philips, Abbott Laboratories, Lepu Medical Technology, Medtronic Plc., MicroPort Scientific Corporation, EPMap Systems, and others. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
