Under a canopy of eight heart-monitoring screens in a cardiac catheterization lab on a recent Monday, Mayo Clinic doctors briefly paused a procedure treating atrial fibrillation to inspect a new tool: a long tube with what looked like flower petals made out of wire at its end.
That wiry flower is the focus of a multibillion-dollar innovation race between some of the world’s largest medical technology companies.
Medtronic and Boston Scientific, which both have major cardiac-device operations in Minnesota, and Johnson & Johnson MedTech are vying to control the large and fast-growing market for minimally invasive medical devices to treat the widespread heart problem atrial fibrillation with a safer and quicker procedure called pulsed field ablation (PFA).
PFA uses electric pulses instead of extreme heat or cooling to ablate cardiac tissue around pulmonary veins on the heart, blocking bioelectric signals in the tissue that cause the heart’s atrial chambers to quiver, or fibrillate. Atrial fibrillation, or AFib, is believed to affect more than 10 million Americans, greatly increasing their risk of having a stroke, the latest scientific estimates show.
Doctors say the new ablation procedure cuts down a patient’s time in the cath lab by hours, and reduces risks for serious complications compared to older techniques. Medtech executives expect the technology to help fuel their companies’ future growth.

Boston Scientific CEO Mike Mahoney has said the company’s new Farapulse ablation system is “the most transformational product that I’ve seen in my career.” Medtronic CEO Geoff Martha has said, “We’re at one of those moments in medtech where a new technology is causing a rapid shift in the treatment of a disease. In this case, PFA is that technology.”
Analytics company Clarivate projects pulsed field ablation devices will surpass $1.3 billion in sales globally this year, and the total number of procedures performed will at least quadruple in the next two to three years as PFA makes up an increasingly large share of all ablations performed.
The Farapulse system was first to market in Europe, gaining regulatory approval in early 2021, before Boston Scientific acquired it later that year. The U.S. Food and Drug Administration then approved Medtronic’s system, called PulseSelect, last December. Then Farapulse, which includes hardware built in Minnesota, received FDA approval in January. Johnson & Johnson MedTech also received FDA approval for its Varipulse system earlier this month.