Data Bridge Market Research new Insight’s on “Europe Electrophysiology Market is expected to reach USD 9.3 billion by 2024 from USD 5.4 billion in 2016, growing at a CAGR of 7.3% in the forecast period 2017 to 2024”
The market is segmented by Type (EP Monitoring, EP Treatment) Product Type (Ablation Catheters, Diagnostic Catheters, Laboratory Devices, Access Devices) Indication (Atrial Fibrillation, Atrial Flutter, Ventricular Fibrillation, Ventricular Tachycardia, Atrial Tachycardia, Wolff-Parkinson-White (WPW) Syndrome and Atrioventricular Nodal Reentry Tachycardia) Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest Of Europe) – Industry Trends and Forecast to 2024
The actual calculation year for the report is 2016, while the historic data is 2015 and the forecast period is still 2024.
Electrophysiology basically deals about the electrical properties of the cells and tissues inside human body. Electrophysiological devices are present in wide range having various properties. In a short period of time, electrophysiology has made an important place in healthcare industry especially in case of the cardiovascular diseases. According to WHO, about 50 percent deaths in European region are caused because of cardiovascular diseases. However 80 percent of premature heart diseases and stroke are preventable.
Also, Food and Drug Administration (FDA) regulatory activities impact patients and clinicians from new technologies and drugs which are available for allowing the conduction of clinical studies of investigational products, from monitoring event reports to overseeing the conduction of product calls. The technological superiority and precision is the main factor driving the market for electrophysiology in the period of 2017 to 2024. Electrophysiology provides better information about electrical system of heart as compared to other tests. For example, angiography helps in knowing number of possible blockages in heart. Electrophysiology helps doctors in diagnosing the cause of heart rhythm problem with more accuracy and precision. Thus it lets the doctors to find the source of cause and provide test medications for treating it.
However the main restraints of electrophysiological devices are that they are costly. One of the biggest issues is that neither drugs nor the treatment procedure like catheter ablation can decrease the risk of stroke. However these devices help in knowing the symptoms.
Based on geography, the europe electrophysiology market is segmented into 11 countries such as Germany, France, U.K., Belgium, Switzerland, Netherlands, Italy, Spain, Russia, Turkey, and Rest of Europe. In 2017, Germany is expected to dominate the market with 31.7% market share. However the market for France is expected to grow at the highest CAGR in the forecast period 2017 to 2024.
The Europe Electrophysiology market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market.
Some of the major players operating in the Europe electrophysiology market are AtriCure, Inc., Biosense Webster, Inc., Biotronik SE & Co. KG, Boston Scientific Corporation, CardioFocus, Inc., Endosense SA, Medtronic CryoCath LP, Mogul Enterprises, Inc., Osypka AG, Pioneer Medical Devices AG, St. Jude Medical, Inc., TZ Medical, Inc., Koninklijke Philips N.V., GE Healthcare, Boston Scientific, Siemens AG and many others.
Other Market Insights:
Global Spirometer Market, latest insights by Data Bridge Market Research says that market is growing at a CAGR of CAGR of 9.6% in the forecast period 2017 to 2024, expected to reach USD 1.2 billion by 2024
Asia Pacific Biosurgery Market, latest insights by Data Bridge Market Research says that the new market report contains actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
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Europe Electrophysiology Market Is Poised To Grow At 7.3% Till 2024