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 & Cardiac Centres, Ambulatory Surgery Centres), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
The electrophysiology market is expected to witness market growth at a rate of 7.8% in the forecast period of 2021 to 2028. Data Bridge Market Research report on electrophysiology market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of electrophysiology market.
Electrophysiology refers to the biomedical sector that deals with the research of the body's electrical operation. This includes research of electrical energy production and its impacts on the flesh. This estimates current on different scales from single ion channel proteins to all the organs of the body.
The increase in the incidence of target diseases and procedures across the globe acts as one of the major factors driving the growth of electrophysiology market. The rise in prevalence of atrial fibrillation that is known to be one of the most common heart rhythm disorder or cardiac arrhythmia, and focus of the key players toward innovative EP technologies such as bidirectional duodecapolar diagnostic catheter, irrigated-tip RF catheters, 3D mapping systems and remote steering systems accelerate the market growth. The increase in demand for non-invasive cardiac mapping, and MRI guided ablation procedures, and rise in number of heart failure rates owning to increase in the aging population further influence the market. Additionally, growing investments, funds, and grants, rise in geriatric population and surge in healthcare expenditure positively affects the electrophysiology market. Furthermore, technological advancements extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost of electrophysiology products and inadequate reimbursement, and availability of alternative technologies are expected to obstruct the market growth. Reuse and reprocessing of devices and lack of skilled and experienced electrophysiologists are projected to challenge the electrophysiology market in the forecast period of 2021-2028.
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 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.
Global Electrophysiology Market Scope and Market Size
The electrophysiology market is segmented on the basis of product, indication and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the electrophysiology market is segmented into electrophysiology ablation catheters, electrophysiology diagnostic catheters, electrophysiology laboratory devices, and access devices.
- 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.
- On the basis of end user, the electrophysiology market is segmented into hospitals & cardiac centres and ambulatory surgery centres.
Electrophysiology Market Country Level Analysis
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 the 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 rise in prevalence of cardiac arrhythmias coupled with increase in geriatric population within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the favourable reimbursement scenario in the region.
The country section of the electrophysiology market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 2010-2019.
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.
The major players covered in the electrophysiology market report are Abbott, Boston Scientific Corporation, Medtronic, Koninklijke Philips N.v., Siemens, Johnson & Johnson Services, Inc., Microport Scientific Corporation, Livanova Plc, Cardiofocus, BD, Mogul Enterprises, Inc., Baxter, B. Braun Melsungen Ag, Biotronik Se & Co.Kg, AtriCure, Inc., General Electric, Danaher, 3M, Advanced Cardiac Therapeutics, Inc., Japan Lifeline Co., Ltd., Argon Medical, Medline Industries, Inc., pioneermedicalsupplies. , Vascomed GmbH, Oscor Inc., and Neomed Management AS, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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.