Global Electrophysiology Devices Market – Industry Trends and Forecast to 2026

  • Medical Devices
  • Upcoming Report
  • Sep 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Electrophysiology Devices Market By Application (Treatment Devices, Diagnostic Devices), Indication (AF, Supraventricular Tachycardia, AVNRT, WPW, Bradycardia, Others), End-Use (Hospitals, ASCs, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Electrophysiology Devices Market

Global electrophysiology devices market is expected to rise to an estimated value of USD 12.86 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing demands for these devices from the variety of developing regions of the world.

Market Definition: Global Electrophysiology Devices Market

Electrophysiology devices are the medical devices utilized in the electrophysiology diagnostic and treatment procedures. Electrophysiology is carried out for the assessment of an individual’s condition of the heart, helping physician’s identify arrhythmia or vulnerable heartbeats. These devices vary in functionalities and components with each different device providing individual benefits.

Market Drivers

  • Increasing incidences of arrhythmia in the global population; this factor is expected to boost the growth of the market
  • Growing levels of ageing population worldwide; this factor is expected to propel the market growth
  • Innovations in technology and advanced levels of product offerings also acts as a market driver
  • Lack in the availability of effective pharmaceutical treatments for the various applicable indications can also accelerate this market growth

Market Restraints

  • Concerns regarding stiff levels of competition resulting in competitive pricing pressure; this factor is expected to hinder the growth of the market
  • Presence of strict regulatory compliances regarding the product approval and development; restricts the market growth
  • Absence of reimbursement scenarios helping in the adoption of these devices also hampers the growth of this market

Segmentation: Global Electrophysiology Devices Market

By Application

  • Treatment Devices

    • Implantable Cardioverter Defibrillators (ICDs)
    • Automated External Defibrillators (AEDs)
    • Pacemakers
    • Cardiac Resynchronization Therapy-Pacemaker (CRT-P)
    • Cardiac Resynchronization Therapy-Defibrillator (CRT-D)
    • Catheters

      • Cryoablation Electrophysiology Catheters
      • Radiofrequency Ablation Catheters

        • Irrigated-Tip Radiofrequency Ablation Catheters
        • Conventional Radiofrequency Ablation Catheters

    • Others

      • Laser Ablation Systems
      • Microwave Ablation Systems
      • Navigational Advanced Mapping Accessories

  • Diagnostic Devices

    • Holter Monitoring Devices
    • Diagnostic Electrophysiology Devices

      • Conventional Electrophysiology (EP) Diagnostic Catheters

        • Steerable Diagnostic Catheters
        • Fixed Diagnostic Catheters

      • Advanced Electrophysiology (EP) Diagnostic Catheters
      • Ultrasound Electrophysiology (EP) Diagnostic Catheters

  • Electrocardiography (ECG)
  • Electrophysiology (EP) Mapping & Imaging Systems
  • Implantable Cardiac Monitors (ICM)
  • Others

    • Electrophysiology (EP) Laboratory Devices

      • X-Ray Systems
      • Intracardiac Echocardiography (ICE) Systems
      • Radiofrequency Ablation Generators
      • Electrophysiology Remote Steering Systems

    • Access Devices
    • Left Trial Appendage (LAA) & Closure Devices
    • Others

By Indication

  • Atrial Fibrillation (AF)
  • Supraventricular Tachycardia
  • Atrioventricular Nodal Re-Entry Tachycardia (AVNRT)
  • Wolff-Parkinson-White Syndrome (WPW)
  • Bradycardia
  • Others

    • Retinal Diseases
    • Optic Nerve Diseases

By End-Use

  • Hospitals
  • Ambulatory Surgical Centers (ASCs)
  • Others

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • South America

    • Brazil
    • Rest of South America

  • Middle East and Africa

    • South Africa
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In January 2019, Medtronic announced that they had agreed to acquire EPIX Therapeutics, Inc. dealing in the designing of ablation systems for patients suffering from cardiac arrhythmias, along with atrial fibrillation. This acquisition will significantly enhance the portfolio of Medtronic for cardiac ablation devices
  • In June 2018, Koninklijke Philips N.V. announced that they had agreed to acquire EPD Solutions, dealing in the development of novel systems for image-guided cardiac arrhythmia. This acquisition will help enhance the portfolio of Philips’ interventional imaging systems and associated devices helping enhance their profits in the market

Competitive Analysis:

Global electrophysiology devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electrophysiology devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global electrophysiology devices market are Medtronic; Boston Scientific Corporation; Abbott; Biosense Webster, Inc; Biotronik; General Electric Company; Siemens Healthcare GmbH; MicroPort Scientific Corporation; Koninklijke Philips N.V.; NIHON KOHDEN CORPORATION; CardioFocus; Stereotaxis, Inc.; Molecular Devices, LLC among others.

Research Methodology: Global Electrophysiology Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Reasons to Purchase this Report

  • Current and future of global electrophysiology devices market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)


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