Clarivate Reveals Stronger Outlook for Pulsed-field Ablation Market and Potential for Device to Revolutionize Treatment Paradigm

Rhea-AI Summary

Clarivate Plc (NYSE:CLVT) Launches Electrophysiology Mapping and Ablation Devices Market Insights Report Series, Predicts Pulsed-Field Ablation to Revolutionize EP Mapping and Ablation Device Market

Positive

• Pulsed-field ablation (PFA) technology poised to revolutionize atrial fibrillation treatment paradigm
• Global PFA market value estimated to be $232 million in 2023, with potential to grow to $2.9 billion by 2028
• Forecast predictions for EP mapping and ablation device market in the US, Europe, Japan, and Asia Pacific reveal strong growth potential driven by PFA uptake

Negative

• None.

Insights

Medical Device Analyst

The recent FDA approval of Medtronic's PulseSelect PFA system and the anticipated approval of Boston Scientific's FARAPULSE represent significant milestones in the electrophysiology (EP) mapping and ablation device market. Pulsed-field ablation (PFA) technology is a notable innovation in the treatment of atrial fibrillation (AF), which is a common and serious heart rhythm disorder. The potential for PFA to improve clinical outcomes and its rapid adoption following regulatory approval suggest a transformative impact on the market.

From an investment perspective, medical device companies active in this space may experience increased valuations due to the growth prospects of the PFA market. The projected market value growth from $232 million to $2.9 billion by 2028 underscores the financial opportunity for stakeholders. Companies with a strategic focus on PFA could gain a competitive edge, especially if they can capitalize on first-mover advantages and secure a strong market position early on.

However, investors should be mindful of risks such as potential regulatory hurdles, market competition and the need for widespread clinician adoption. Moreover, the cost of new technologies and their integration into healthcare systems could pose challenges. Long-term effects include shifts in market shares and the potential for PFA to become the new standard in AF treatment, displacing older technologies.

Healthcare Industry Consultant

The insights provided by Clarivate's report series are crucial for medical device companies and healthcare providers in strategizing their market approach. The adoption of PFA technology is not just a matter of regulatory approval but also involves the readiness of healthcare systems to integrate new treatment modalities. The high growth projections in various geographies indicate a robust demand for improved AF treatments, which could lead to increased healthcare spending and resource allocation in this sector.

Companies should consider the implications of adopting PFA technology on their product development, marketing strategies and sales forecasts. With the market's positive response to PFA in Europe and Australia, there is a precedent for success that could influence other regions. However, the varying healthcare landscapes across the US, Europe, Japan and Asia Pacific will require tailored go-to-market strategies that address local regulatory, economic and cultural factors.

In the long run, the widespread use of PFA could lead to a reduction in the overall burden of AF on healthcare systems due to improved patient outcomes. However, the transition period may see increased costs associated with training, equipment and potential shifts in procedural preference.

Cardiology Devices Market Analyst

The cardiology devices sector is particularly sensitive to technological advancements and regulatory changes, as evidenced by the significant market value projections associated with PFA. The technology's ability to offer favorable clinical outcomes positions it as a potential disruptor in the EP mapping and ablation device market. Stakeholders in the cardiology and broader medical device sectors should monitor the adoption curve of PFA closely, as it could influence investment and R&D priorities.

While the growth in the PFA market is promising, it is crucial to analyze the competitive dynamics, including how established players like Medtronic and Boston Scientific are positioning their PFA products. The speed at which these companies can scale up production and distribution will be a key factor in realizing the projected market potential.

Long-term, the success of PFA could incentivize further innovation in minimally invasive cardiology procedures, potentially leading to a new wave of investment in the sector. The ripple effects could extend to related areas such as cardiac monitoring and post-ablation patient care.

MedTech Insights report series analyzes the impact of recent breakthroughs in pulsed-field ablation, signaling its promising future in the electrophysiology mapping and ablation device market

LONDON, Dec. 19, 2023 /PRNewswire/ -- Clarivate Plc (NYSE:CLVT), a global leader in connecting people and organizations to intelligence they can trust to transform their world, today announced the launch of a new special report series,  Electrophysiology Mapping and Ablation Devices Market Insights. The Clarivate MedTech Insights reports reveal new forecast predictions for the ablation catheter market in four geographies: the US, Europe, Japan and Asia Pacific. Findings show pulsed-field ablation (PFA) is poised to revolutionize the treatment paradigm.

PFA has emerged as a breakthrough technology for the treatment of atrial fibrillation, attracting significant investment from several companies dedicated to its development. This innovative technique has produced favorable clinical outcomes compared to existing technologies and has the potential to see immediate widespread adoption following FDA approval. While both Boston Scientific and Medtronic have IDE trials for their PFA devices, Medtronic's PulseSelect PFA system received FDA approval on December 13, 2023 and Boston Scientific's FARAPULSE is expected to closely follow. There has already been a swift adoption of PFA, spurred by the approval of FARAPULSE in Europe in 2021 and its subsequent approval in Australia in 2023.

Andrew Lee, Vice President Medtech, Life Sciences and Healthcare, Clarivate said: "As the EP mapping and ablation devices market evolves with the transformative potential of PFA, medical device companies should understand and analyze the impact of the recent developments and updates in the field to get a comprehensive and up-to-date overview of the evolving landscape. Clarivate experts underscored the potential of PFA and updated our forecast analysis for the EP mapping and ablation device market, equipping our customers with the insight and foresight needed to build informed go-to-market decisions, create innovative medical devices, deliver them to patients faster and create a healthier tomorrow.''

This year, the global PFA market value is estimated to be $232 million with the potential to grow to $2.9 billion by the year 2028.¹ The Electrophysiology Mapping and Ablation Devices Market Insights reports provide in-depth data and analysis of clinical practice, patient journey, and competing therapies, allowing medical device companies and physicians to make more informed and strategic decisions.

The new reports highlight revised forecasts in the space for four geographies, covering:

• Electrophysiology Mapping and Ablation Devices – Market Insights – United States
  The US EP mapping and ablation device market, which includes PFA among other technologies, is projected to experience strong growth through 2028 and is anticipated to reach a total market value of $7.2 billion by that year, driven strongly by PFA uptake. The COVID-19 pandemic had a significant impact on certain EP ablation procedures in 2020, followed by a period of recovery. Growth in market revenues will be driven by increasing ablation procedure volumes and the uptake of premium-priced devices. Innovations in this space will lead to improved outcomes and procedure growth.
• Electrophysiology Mapping and Ablation Devices – Market Insights – Europe
  The European EP mapping and ablation device market, projected to experience moderate growth through 2028 due to increasing ablation procedure volumes, technological advancements, and the uptake of premium-priced devices, is anticipated to reach a total market value of $3.7 billion.
• Electrophysiology Mapping and Ablation Devices – Market Insights – Japan
  The Japanese EP mapping and ablation device market, having largely recovered from the COVID-19 pandemic, will resume moderate growth over the remainder of the forecast period. This growth is supported by increasing AF ablation procedure volumes, the emergence and adoption of novel technology, including PFA and hybrid AF ablation systems. The total market value is projected to reach $1.9 billion by the year 2028.
• Electrophysiology Mapping and Ablation Devices – Market Insights – Asia Pacific
  Although the global COVID-19 pandemic negatively impacted the Asia Pacific EP mapping and ablation device market in 2020, the market has shown strong recovery and will resume pre-pandemic growth trends in the near term. Going forward, the Asia Pacific EP mapping and ablation device market will expand rapidly, supported by rising AF treatment volumes, an expanding patient pool, improving access to healthcare, and the emergence of newer, premium-priced devices. Although cost constraints and a challenging reimbursement environment will hinder the pace of market expansion to some extent, the total market value is projected to reach $3.6 billion by the year 2028.

To learn more about MedTech Insights Research Reports, visit MedTech Insights - Research Reports – Clarivate.

Methodology for the Electrophysiology Mapping and Ablation Devices Market Insights Reports

Drawing from the expertise of Medtech analysts covering device segments and geographies across the world paired with proprietary Clarivate Medtech Intelligence data including Real World Data assets like claims data and PriceTrack, the Electrophysiology Mapping and Ablation Devices Market Insights series of reports provide a comprehensive view of the global market.

About Clarivate

Clarivate is a leading global information services provider. We connect people and organizations to intelligence they can trust to transform their perspective, their work and our world. Our subscription and technology-based solutions are coupled with deep domain expertise and cover the areas of Academia & Government, Life Sciences & Healthcare and Intellectual Property. For more information, please visit clarivate.com

1 Source: Clarivate. MedTech 360 Data Explorer. 2023

Media Contact:

Luna Ivković
External Communications, Life Sciences & Healthcare
newsroom@clarivate.com

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SOURCE Clarivate Plc

FAQ

What is the impact of pulsed-field ablation on the EP mapping and ablation device market?

Pulsed-field ablation (PFA) is expected to revolutionize the treatment paradigm for atrial fibrillation and drive strong growth in the EP mapping and ablation device market.

What is the global market value of PFA in 2023?

The global PFA market value is estimated to be $232 million in 2023, with the potential to grow to $2.9 billion by 2028.

What are the forecast predictions for the EP mapping and ablation device market in the US, Europe, Japan, and Asia Pacific?

The reports reveal strong growth potential for the EP mapping and ablation device market in these regions, driven by PFA uptake and increasing ablation procedure volumes.

What factors are driving the growth of the EP mapping and ablation device market in the US?

The growth in market revenues will be driven by increasing ablation procedure volumes and the uptake of premium-priced devices, leading to improved outcomes and procedure growth.

What is the projected total market value of the EP mapping and ablation device market in Europe by 2028?

The European EP mapping and ablation device market is anticipated to reach a total market value of $3.7 billion by 2028.

How has the COVID-19 pandemic impacted the EP mapping and ablation device market in Asia Pacific?

The global COVID-19 pandemic negatively impacted the Asia Pacific EP mapping and ablation device market in 2020, but the market has shown strong recovery and is projected to resume pre-pandemic growth trends in the near term.