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Global Electrophysiology Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Electrophysiology Market, By Product (Electrophysiology Ablation Catheters, Electrophysiology Diagnostic Catheters, Electrophysiology Laboratory Devices, Access Devices), Indication (Atrial Fibrillation, Ventricular Tachycardia, Atrial Tachycardia, Atrial Flutter, WOLFF-Parkinson-White (WPW) Syndrome, Atrioventricular Nodal Reentry Tachycardia (AVNRT), Others), End User (Hospitals and Cardiac Centres, Ambulatory Surgery Centres) – Industry Trends and Forecast to 2029.

Electrophysiology Market

Market Analysis and Size

The market for electrophysiology is estimated to increase rapidly over the forecast period. The rising prevalence of cardiac arrhythmias has demanded the introduction of innovation into electrophysiological device production. The widespread acceptance of minimally invasive electrophysiology therapy has been facilitated by the requirement for high precision and regulated cardiac diagnostic and ablation techniques.  

  • Data Bridge Market Research analyses that the electrophysiology market was valued at USD 6.80 billion in 2021 and is expected to reach USD 12.87 billion by 2029, registering a CAGR of 8.30% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

Electrophysiology is a biomedical field that studies the electrical operation of the human body. This includes studying the effects of electrical energy on the human body. This measures current on a variety of scales, from single ion channel proteins to the entire body's organs.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Electrophysiology Ablation Catheters, Electrophysiology Diagnostic Catheters, Electrophysiology Laboratory Devices, Access Devices), Indication (Atrial Fibrillation, Ventricular Tachycardia, Atrial Tachycardia, Atrial Flutter, WOLFF-Parkinson-White (WPW) Syndrome, Atrioventricular Nodal Reentry Tachycardia (AVNRT), Others), End User (Hospitals and Cardiac Centres, Ambulatory Surgery Centres)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Johnson & Johnson Private Limited (US), BIOTRONIK SE & Co KG (Germany), Abbott (US), Medtronic (Ireland), Boston Scientific Corporation (US), B. Braun Melsungen AG (Germany), BD (US), Baxter (US), Koninklijke Philips N.V. (Netherlands), General Electric (US), Medline Industries, Inc. (US), Danaher (US), Siemens Healthcare GmbH (Germany), MicroPort Scientific Corporation (China), LivaNova PLC (UK), Cardiofocus (Massachusetts), Mogul Enterprises, Inc. (US), AtriCure, Inc. (US), Japan Lifeline Co., Ltd. (Japan), ARGON MEDICAL (USA)

 

Electrophysiology Market Dynamics

Drivers

  • Increasing prevalence of atrial fibrillation will drive the market’s growth rate

The rising prevalence rate of atrial fibrillation will cushion the growth rate of electrophysiology market. The use of ablation treatments to treat atrial fibrillation is becoming more popular.

  • Rising incidence of target diseases and procedures will propel the growth rate of market during the forecast period

The global electrophysiology market is being driven by the rising incidence of target diseases and procedures across the globe. According to the World Health Organization, cardiovascular disease is the leading cause of mortality worldwide. Family history, ethnicity, and age are all major contributors to the increased prevalence of CVD and strokes. Tobacco use, high blood pressure (hypertension), high cholesterol, obesity, physical inactivity, diabetes, poor diets, and alcohol drinking are all risk factors.

Furthermore, the rising preferences for electrophysiology catheter ablation will act as a major factor influencing the growth of electrophysiology market. Along with this, growing level of ultrasound guidance in EP lab and rising geriatric population are the driving factors accelerating the growth of the electrophysiology market. Also, the rise in the changing lifestyle and increasing expenditure on healthcare infrastructure are the major market drivers that will further escalate the growth of electrophysiology market. Another significant factor that will cushion the electrophysiology market’s growth rate is the growing focus of manufacturers on the adoption of advanced technologies.

Opportunities

  • Growing number of R&D activities will boost many market opportunities during the forecast period

Moreover, the rising number of research and development activities will provide beneficial opportunities for the electrophysiology market growth.

Moreover, rise in the launch of new products and increasing number of emerging markets will further provide beneficial opportunities for the electrophysiology market growth during the forecast period.

Restraints/Challenges

  • High cost of electrophysiology products will hamper the market’s growth rate

However, high costs associated with electrophysiology products will impede the electrophysiology market’s growth rate.  Along with this, inadequate reimbursement process will act as major market restrain and hamper the market’s growth rate.

On the other hand, the dearth of skilled professionals in under-developed nations will challenge the electrophysiology market. Additionally, availability of alternative technologies will act a restrain and further hinder the growth rate of market. Also, emergence of unfavourable conditions due to COVID-19 outbreak and reuse as well as reprocessing of devices will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.

This electrophysiology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electrophysiology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Electrophysiology Market

The COVID-19 pandemic's influence and the resulting lockdown was seen in a variety of industries, including the electrophysiology industry. The epidemic has also harmed hospitals' purchasing power, particularly small-scale institutions, leading in supply transactions being cancelled or postponed, reducing overall revenue for all major players in the electrophysiology sector. Furthermore, many people lost their employment and livelihoods as a result of the lockdowns, which had a significant impact on patient purchasing patterns. COVID-19 also had an impact on numerous levels of the value chain, owing to the stringent lockdowns imposed by most governments. Due to newer packaging regulations and country-imposed lockout procedures, the turnaround time for products and services was also impacted. All of these problems have a negative impact on the electrophysiology market's manufacturing and supply chain.  

Recent Development

  • In December 2020, After receiving the CE Mark, Acutus had announced the availability of their AcQBlate Force Sensing Ablation System in Europe. The AcQBlate Force Sensing Ablation System is used for electrophysiology mapping and RF ablation. It is designed using a commercially available gold-tipped, irrigated, force-sensing radiofrequency ablation catheter.

Global Electrophysiology Market Scope

The electrophysiology market is segmented on the basis of product, indication and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Electrophysiology Ablation Catheters
  • Electrophysiology Diagnostic Catheters
  • Electrophysiology Laboratory Devices
  • Access Devices

On the basis of product, the electrophysiology market is segmented into electrophysiology ablation catheters, electrophysiology diagnostic catheters, electrophysiology laboratory devices, and access devices.

Indication

  • Atrial Fibrillation
  • Ventricular Tachycardia
  • Atrial Tachycardia
  • Atrial Flutter
  • WOLFF-Parkinson-White (WPW) Syndrome
  • Atrioventricular Nodal Reentry Tachycardia (AVNRT)
  • Others

On the basis of indication, the electrophysiology market is segmented into atrial fibrillation, ventricular tachycardia, atrial tachycardia, atrial flutter, WOLFF-Parkinson-White (WPW) Syndrome, Atrioventricular Nodal Reentry Tachycardia (AVNRT) and others.

End User

  • Hospitals and Cardiac Centres
  • Ambulatory Surgery Centres

On the basis of end user, the electrophysiology market is segmented into hospitals and cardiac centres and ambulatory surgery centres.

Electrophysiology Market Regional Analysis/Insights

The electrophysiology market is analysed and market size insights and trends are provided by country, product, indication and end-user as referenced above.

The countries covered in the electrophysiology market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the electrophysiology market because of the increasing prevalence of cardiac arrhythmias and growing adoption of advanced dental technologies in this region. Additionally, rising number of geriatric population will flourish the market’s growth rate in this region. 

Asia-Pacific is expected to grow during the forecast period due to rising favourable reimbursement scenario in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The electrophysiology market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for electrophysiology market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electrophysiology market. The data is available for historic period 2010-2020.

Competitive Landscape and Electrophysiology Market Share Analysis

The Electrophysiology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electrophysiology market.

Some of the major players operating in the electrophysiology market are Johnson & Johnson Private Limited (US), BIOTRONIK SE & Co KG (Germany), Abbott (US), Medtronic (Ireland), Boston Scientific Corporation (US), B. Braun Melsungen AG (Germany), BD (US), Baxter (US), Koninklijke Philips N.V. (Netherlands), General Electric (US), Medline Industries, Inc. (US), Danaher (US), Siemens Healthcare GmbH (Germany), MicroPort Scientific Corporation (China), LivaNova PLC (UK), Cardiofocus (Massachusetts), Mogul Enterprises, Inc. (US), AtriCure, Inc. (US), Japan Lifeline Co., Ltd., (Japan), and ARGON MEDICAL (USA), among others.

Research Methodology : Global Electrophysiology Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated 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 inquiry.

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, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available : Global Electrophysiology Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Market Value for Electrophysiology Market in the forecast by 2029 is USD 6.80 Billion.
The Electrophysiology Market is to Grow at a CAGR of 8.30% During the Forecast Period of 2022 to 2029
The Expansion of the Global Electrophysiology Market will be fueled by the rising prevalence rate of atrial fibrillation and the rising number of geriatric population. Additionally, growing level of ultrasound guidance in EP lab and a rising incidence of target diseases and procedures.
Johnson & Johnson Private Limited (US), BIOTRONIK SE & Co KG (Germany), Abbott (US), Medtronic (Ireland), Boston Scientific Corporation (US), B. Braun Melsungen AG (Germany), BD (US), Baxter (US), Koninklijke Philips N.V. (Netherlands), General Electric (US), Medline Industries, Inc. (US) are the major companies operating in Global Electrophysiology Market.
The Countries Covered in the Electrophysiology Market Report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.