Authored By: Sarah
18 Aug 2024

3D Cardiac Mapping Systems Market 2024-2028: Size and Lack of trained electrophysiologists and cardiologist surgeons; growth driven by the Product, Some of key Companies Positioned Strategically

The 3d cardiac mapping systems market size by Product (Contact 3D cardiac mapping systems and Non-contact 3D cardiac mapping systems) and Geography (North America, Europe, Asia, and Rest of World (ROW)), is forecast to increase by USD 453.8 million. The market is expected to grow at a CAGR of   8.51% between 2024 and 2028.

  • The 3D cardiac mapping systems market has experienced a decline in demand due to various factors. The decrease in the number of coronary artery bypass grafting (CABG) procedures, which traditionally accounted for a significant portion of the market, declined by 28% between 2015 and 2020. Conversely, the number of claims for cardiac stent placements, a procedure typically performed by cardiologists, increased by 121% during the same period. Furthermore, the approval of drug-eluting stents for coronary artery disease in 2017 led to a surge in demand, with a 145% increase in placements between 2017 and 2018. The scarcity of cardiologists in India, with only 5,500 available for a population of 1.3 billion, further limits the market potential, resulting in a doctor-to-population ratio of 1:30,000.
  • The 3D Cardiac Mapping Systems market represents a significant growth opportunity for businesses in the healthcare sector. These advanced technologies enable precise and accurate diagnosis of cardiac conditions, offering improved patient outcomes and reduced healthcare costs. Key players in this market include Medtronic, Boston Scientific, and Siemens Healthineers, who are investing heavily in research and development to expand their product offerings and gain a competitive edge. The market is expected to experience robust growth due to increasing prevalence of cardiac diseases and rising demand for minimally invasive procedures.

Access the full report to know who are the other key countries segment-wise forecast and historic data

 

Some of the Key Companies:

  • Abbott Laboratories
  • Acutus Medical Inc.
  • APN Health LLC
  • BioSig Technologies Inc.
  • BIOTRONIK SE and Co. KG
  • Boston Scientific Corp.
  • Catheter Precision Inc.
  • CoreMap Inc.
  • EPMap-System GmbH
  • Johnson and Johnson Services Inc.
  • Kardium Inc.
  • Koninklijke Philips N.V.
  • Medtronic Plc
  • MicroPort Scientific Corp.
  • Sichuan Jinjiang Electronic Science and Technology Co. Ltd.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio