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Method

How this report was built. What you can trust. What you can't.


Data Sources

SourceWhat It ProvidesConfidence
FDA MAUDE (2.66M events)Adverse event counts, deaths, injuriesHigh for counts
Company-reported proceduresDenominators for per-procedure ratesModerate (unverified)
MANIFEST-US registry (41,968 patients)FARAPULSE clinical complication ratesHigh
CMS Medicare data (CPT 93656)US AF ablation volume: 74,448 beneficiaries (2023)High for Medicare
LLM extraction (42% of events)Failure modes, root causes, design flawsModerate
VA procurement (USAspending.gov)Federal contract volumes, institutional adoptionModerate (federal only)
Analyst surveys (BTIG, Citi)Market share estimatesLow-moderate

Procedure Volume Estimates

Per-procedure rates in this report use these denominators:

PlatformProceduresSourceLimitation
FARAPULSE200,000+ globalBSC earnings ($1B+ revenue)Global, not US-specific
PulseSelect10,000+ globalMedtronic PR (Sept 2024)6+ months stale
VARIPULSE~3,000 globalJ&J press releaseIncludes ~130 US pre-pause
AfferaNot disclosedCannot estimate rates

Total US AF ablation: ~220,000–250,000 procedures (2024 estimate). Based on CMS CPT 93656: 74,448 Medicare beneficiaries (2023), ~12% annual growth, ×2.5–3x all-payer multiplier. CMS does not distinguish PFA from RF ablation.


The MAUDE Reporting Rate Problem

MAUDE events per 1,000 procedures:

  • FARAPULSE: 12
  • PulseSelect: 104
  • VARIPULSE: 87

This 7x gap between FARAPULSE and VARIPULSE means every VARIPULSE per-procedure metric is inflated by reporting intensity, not clinical outcomes. Post-recall products are over-reported. Comparisons should account for this.


Key Limitations

  1. Procedure denominators are company-reported. Not independently verified. Global, not US-specific. MAUDE events are predominantly US.
  2. Small samples produce unreliable rates. VARIPULSE's 3,000 procedures: adding 2 deaths changes the rate by 67%.
  3. Post-recall reporting inflation. VARIPULSE's MAUDE event count (87 per 1K procedures) is 7x FARAPULSE's (12 per 1K). All VARIPULSE per-procedure metrics are elevated.
  4. "Death" ≠ "caused by device." MAUDE reports events where the device was involved. A death during ablation may not be device-caused.
  5. 42% extraction coverage. Failure mode analysis is based on the extracted subset. The other 58% could differ.
  6. CMS data lags 18–24 months. Most recent confirmed: CY2023. 2024–2025 volumes are projected.

Reproducible Queries

All queries run against ScanPath ClickHouse. PFA head-to-head:

sql
SELECT
  CASE
    WHEN d.brand_name ILIKE '%varipulse%' THEN 'VARIPULSE'
    WHEN d.brand_name ILIKE '%farawave%'
      OR d.brand_name ILIKE '%farapulse%' THEN 'FARAPULSE'
    WHEN d.brand_name ILIKE '%affera%'
      OR d.brand_name ILIKE '%sphere%9%' THEN 'AFFERA'
    WHEN d.brand_name ILIKE '%pulseselect%' THEN 'PULSESELECT'
  END as platform,
  count() as events,
  countIf(resulted_in_death = 1) as deaths,
  countIf(root_cause = 'design_flaw') as design_flaws,
  countIf(root_cause = 'manufacturing_defect') as mfg_defects
FROM scanpath.events e
JOIN scanpath.devices d ON e.device_id = d.id
WHERE e.event_date >= '2024-01-01'
  AND platform IS NOT NULL
  AND d.brand_name NOT ILIKE '%glenosphere%'
  AND d.brand_name NOT ILIKE '%therasphere%'
GROUP BY platform
ORDER BY events DESC

SpecValue
DatabaseScanPath ClickHouse
Total events2.66M, deduplicated
Data throughJanuary 2026
GeneratedFebruary 2026