Electrophysiology Market is expected to generate a revenue of USD 10.70 Billion by 2028, Globally, at 10.26% CAGR: Verified Market Research®
September 23, 2022
The key factors such as technological advancement in the commercial aspects of electrophysiology devices, rising diseases along with growing ageing populations globally, arrhythmia cases rise, and major key player’s expansion throughout the globe are expected to boost the Electrophysiology Market.
/EIN News/ -- Jersey City, New Jersey, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Electrophysiology Market” By Product (Electrophysiology Laboratory Devices, Electrophysiology Ablation Catheters, Access Devices), By Indication (Atrial Fibrillation, Atrial Flutter), and By Geography.
According to the extensive research done by Verified Market Research experts, the Electrophysiology Market size was valued at USD 4.49 Billion in 2020 and is projected to reach USD 10.70 Billion by 2028, growing at a CAGR of 10.26% from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=7032
Browse in-depth TOC on “Electrophysiology Market”
202 - Pages
126 – Tables
37 – Figures
Global Electrophysiology Market Overview
The increasing incidence of target diseases and procedures is expected to boost the Electrophysiology Market. AF is the most common arrhythmia diagnosed in clinical practices. The rising prevalence of cardiac arrhythmias across the world will drive global market growth. Atrial fibrillation (AFib), a form of irregular cardiac rhythm, is a widely diagnosed form of arrhythmias. Electrophysiology assists patients to diagnose and manage heart arrhythmias. The use of different advanced mapping and guidance practices that assists in enhanced monitoring of heart rhythm will escalate the adoption of electrophysiology devices.
The growing prevalence of heart failure (HF) and cardiac arrest cases among the millennials attributed to lifestyle habits such as smoking and excessive alcohol consumption have positively anticipated propelling the growth of the global Electrophysiology Market. There are certain restraints and challenges faced which will hinder the overall market growth. The factors such as lack of skilled medical expertise, professionals, and the absence of standards and protocols limit the market growth. Also, the high cost of electrophysiology products and inadequate reimbursement is estimated to sluggish growth during the forecast period. Most of the electrophysiology products are premium-priced products, including the cardiac 3D mapping systems and EP recording systems that have high capital, training, and maintenance costs, as well as generally expensive EP procedures. This, coupled with the unfavorable reimbursement scenario for these products in several countries, cost-intensive requirements for clinical data for new product launches, availability of alternative technologies, and reuse and reprocessing devices are the potential restraints hampering the overall growth of the global Electrophysiology Market.
Partnerships, Collaborations, and Agreements
- In May 2019, Stereotaxis has entered into a collaboration agreement with Osypka AG. The aim of this collaboration is to develop a next-generation magnetic ablation catheter along with the integration of robotic technology of Stereotaxis. This collaboration will increase the growth of both companies.
Mergers and Acquisitions
- In June 2018, EPD Solutions which is an innovator in image-guided procedures for cardiac arrhythmias was acquired by Koninklijke Philips N.V. The aim of this acquisition is to strengthen the interventional imaging systems portfolio of Koninklijke Philips N.V.
Product Launches and Product Expansions
- In September 2019, CARTONET which is the world’s first secure cloud-based network for electro-physiologists has been launched by Johnson & Johnson (Biosense Webster). This launch will help to analyze, share, and review atrial fibrillation case data in order to enhance procedural efficiency.
The major players in the market are Abbott Laboratories (U.S.), Biosense Webster, Inc. (U.S.), BIOTRONIK SE & Co. KG (Germany), Boston Scientific Corporation (U.S.), GE Healthcare (U.K.), Koninklijke Philips N.V. (The Netherlands), Medtronic, Inc. (U.S.), Microport Scientific Corporation (China), St. Jude Medical, Inc. (U.S.), and Siemens AG (Germany).
Verified Market Research has segmented the Global Electrophysiology Market On the basis of Product, Indication, and Geography.
Electrophysiology Market, by Product
- Electrophysiology Laboratory Devices
- Electrophysiology Ablation Catheters
- Electrophysiology Diagnostic Catheters
Electrophysiology Market, by Indication
- Atrial Fibrillation
- Atrial Flutter
- Atrioventricular Nodal Reentry Tachycardia (AVNRT)
- Wolff-Parkinson-White Syndrome (WPW)
- Other Indications
Electrophysiology Market, by Geography
- Rest of Europe
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
- North America
Browse Related Reports:
PTA Balloon Catheter Market By Type (Polyurethane, Nylon), By Application (Coronary Artery Disease, Peripheral Vascular Disease), By End-User (Hospitals And Clinics, Ambulatory Surgical Centers), By Geography, And Forecast
Haemodialysis Catheters Market By Product (Tunneled Catheters and Non-Tunneled Catheters), By Material (Silicone, Carbonate, Polyurethane), By Tip Configuration (Step-Tip Catheters, Split-Tip Catheters, Symmetric Catheters), By End-User (Dialysis Centers, Hospitals, Homecare Settings), By Geography, And Forecast
Embolotherapy Market By Product Type (Embolization Coils, Embolic Agents), By Application (Cancer, Peripheral Vascular Diseases), By Procedure (Transcatheter Arterial Embolization (TAE), Transcatheter Arterial Chemoembolization (TACE)), By End-User (Hospitals And Clinics, Ambulatory Surgery Centers (ASCs)), By Geography, And Forecast
Indwelling Catheters Market By Type (Latex, Silicone), By Application (Hospital, Clinic, Other), By Geography, And Forecast
6 Best Catheter Manufacturers assembling medical-grade thin tubes for treatment
Visualize Electrophysiology Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance and use industrial techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.
Mr. Edwyne Fernandes Verified Market Research® US: +1 (650)-781-4080 UK: +44 (753)-715-0008 APAC: +61 (488)-85-9400 US Toll Free: +1 (800)-782-1768 Email: email@example.com Web: https://www.verifiedmarketresearch.com/ BI Enabled Platform: https://www.verifiedmarketresearch.com/vmintelligence/ Follow Us: LinkedIn | Twitter