Electrophysiology Market – Global Industry Analysis and Forecast (2023-2029)

Electrophysiology Market CAGR is expected to be 9.2% during the forecast period and the market size is expected to reach nearly US$ 13.74 Bn. by 2029.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report
Electrophysiology Market Dynamics
The branch of science that deals with the study related to the electric activity in the human body are known as electrophysiology. Electrophysiologists are qualified to perform special tests of your heart's electrical system.

The major driving factors of the global electrophysiology market are the increasing aging population, technological development, and increasing healthcare funding & advanced features. Furthermore, the aging population is at a higher risk for diseases, cardiovascular diseases across the globe are growing, and developing economies is also propelling the market growth.

A lack of skilled & experienced electrophysiologist are hampering the market growth. Additionally, factors such as growing pricing pressure on market players, recall of products more frequently, and health care reforms are hampering the growth of global electrophysiology market.

The electrophysiology market is segmented into product, indication, and region.

In terms of product, the global electrophysiology market is classified into diagnostic catheters, EP laboratory devices, EP ablation catheters, and access devices. Based on an indication, global electrophysiology market is divided into atrial fibrillation, ventricular fibrillation, atrioventricular nodal reentry tachycardia, and Wolff-Parkinson-white, right atrial tachycardia, right atrial flutter, left atrial flutter, right ventricular tachycardia, and left ventricular tachycardia.
Regional Insights
Based on regions, the global electrophysiology market is divided into five main regions are North America, Europe, Asia-pacific, South America and Middle East & Africa.

Based on product, EP devices are boosting the market owing to the rapid growth in population aging, improving & modernizing healthcare infrastructure, and the huge burden of target diseases in developing nations. Development of affordable electrophysiology devices are also propelling the demand for EP devices in the global electrophysiology markets.

On the basis of indications, the atrial fibrillation segment is expected to account for the xx% share of the market due to rapid growth in aging population and growing demand for atrial fibrillation procedures across the globe. Atrioventricular nodal reentry tachycardia indication is anticipated to exhibit the highest growth in CAGR due to the most common regular supraventricular arrhythmia in humans.

Geographically, North America accounts for a major share in the electrophysiology market followed by Europe. However, the Asia-Pacific market is expected to grow at the xx% CAGR during the forecast period, due to an increasingly aging population, growing focus of multinational companies on emerging markets, improving and modernizing healthcare infrastructure, and high demand of EP devices in this region.

The objective of the report is to present a comprehensive analysis of the Global Electrophysiology Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Electrophysiology Market dynamics, structure by analyzing the market segments and project the Global Electrophysiology Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Electrophysiology Market make the report investor’s guide.
Electrophysiology Market, Key Highlights:
Global Electrophysiology Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Electrophysiology Market

Global Electrophysiology Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

Global Electrophysiology Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

Global Electrophysiology Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Electrophysiology Market are also profiled.
Electrophysiology Market Scope: Inquire before buying



Electrophysiology Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 7.42 Bn.


Forecast Period 2023 to 2029 CAGR:
9.2%
Market Size in 2029:
US $ 13.74 Bn.


 Segments Covered:
by Product
P Diagnostic Catheters
EP Laboratory Devices
EP Ablation Catheters
Access Devices


by Indication
Atrial Fibrillation
Ventricular Fibrillation
Atrioventricular Nodal Reentry Tachycardia
Wolff-Parkinson-White
Right Atrial Tachycardia
Right Atrial Flutter
Left Atrial Flutter
Right Ventricular Tachycardia
Left Ventricular Tachycardia


by End User
Hospitals & cardiac centers
Ambulatory surgery centers
Others



Electrophysiology Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players are:
1. Abbott Laboratories
2. Ge Healthcare
3. Johnson & Johnson
4. Siemens Healthcare
5. Medtronic Inc.
6. C. R. Bard, Inc.
7. Boston Scientific
8. St. Jude Medical, Inc.
9. Biotronik SE & Co. KG
10.Koninklijke Philips N.V
11.Biosense Webster, Inc
12.Hansen Medical
13.Pioneer Medical Devices
14.Catheter & Medical Design
15.VascoMed GmbH
16.Advanced Cardiac Therapeutics
17.Nihon Kohden Corporation
18.CardioFocus
19.Microport Scientific Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Electrophysiology Market?
Ans:North America region holds the highest share in 2022.

2. What is the growth rate of Global Electrophysiology Market?
Ans: The Global Electrophysiology Market is growing at a CAGR of 9.2% during forecasting period 2023-2029.

3. What is scope of the Global Electrophysiology market report?
Ans: Global Electrophysiology Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Electrophysiology market?
Ans: The important key players in the Global Electrophysiology Market are –Abbott Laboratories, Ge Healthcare, Johnson & Johnson, Siemens Healthcare, Medtronic Inc., C. R. Bard, Inc., Boston Scientific, St. Jude Medical, Inc., Biotronik SE & Co. KG, Koninklijke Philips N.V, Biosense Webster, Inc, Hansen Medical, Pioneer Medical Devices, Catheter & Medical Design, VascoMed GmbH, Advanced Cardiac Therapeutics, Nihon Kohden Corporation, CardioFocus, Microport Scientific Corporation, and Sorin Group

5. What is the study period of this market?
Ans: The Global Electrophysiology Market is studied from 2022 to 2029.