Electrophysiology Devices And Equipment Market Overview: Market Size, Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest electrophysiology devices and equipment market share.
The global electrophysiology devices and equipment market is expected to grow from $5.43 billion in 2022 to $5.94 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The electrophysiology devices and equipment market size is expected to grow to $8.07 billion in 2027 at a CAGR of 7.9%.
Major Driver In The Electrophysiology Devices And Equipment Market – Increase In The Prevalence Rate Of Cardiovascular Diseases
According to the Centres for Disease Control and Prevention (CDC), 697,000 individuals died from heart disease in 2020, accounting for nearly one out of every five deaths. By 2030, the most frequent kind of heart arrhythmia, atrial fibrillation, would affect 12.1 million people in the United States.
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Key Electrophysiology Devices And Equipment Market Segments
1) By Product Type: Electrophysiology Ablation Catheters, Electrophysiology Diagnostic Catheters, Electrophysiology Lab Systems
2) By Monitoring Device Type: Electrocardiograph (ECG), Electroencephalograph (EEG), Electrocorticograph (ECoG), Electromyograph (EMG), Electroretinograph (ERG), Electrooculograph (EOG), Holter Monitoring Devices, X-Ray Systems, Imaging and 3D Mapping Systems, Diagnostic Electrophysiology Catheters
3) By Indication Analysis: Atrioventricular Nodal Reentry Tachycardia (AVNRT), Wolff-Parkinson-White Syndrome (WPW), Atrial Flutter, Atrial Fibrillation
4) By End-Users: Hospitals, Diagnostic centers, Clinics
Recent Electrophysiology Devices And Equipment Market Trend – Adopting EP Mapping
Companies in the Electrophysiology (EP) devices and equipment business are developing new technologies aimed at enhancing EP mapping and localization technology in order to boost profit margins and sales. EP mapping is a technique used to determine the cause of irregular cardiac rhythms. An electrically sensitive catheter is used in this technique. Improved mapping technologies make it easier to detect and locate heart problems. For example, Boston Scientific will introduce its DIRECTSENSETM technology for monitoring the effect of radiofrequency energy delivery during cardiac ablation in June 2020.
Electrophysiology Devices And Equipment Market Prominent Players
Major players in the electrophysiology devices and equipment market are St. Jude Medical, Boston Scientific Corporation, Abbott Laboratories, GE Healthcare, Philips Healthcare, Biotronik SE & Co. KG, Medtronic Inc., Biosense Webster, Microport Scientific Corporation, and Japan Lifeline Co.
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The Electrophysiology Devices And Equipment Global Market Report 2023 provides a comprehensive overview on the electrophysiology devices and equipment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the electrophysiology devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Electrophysiology devices and equipment are used to diagnose and treat cardiac rhythm abnormalities via electrical activity.
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