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Electrophysiology Market - By Product (EP Ablation Catheters, EP Diagnostic Catheters), By Indication (Atrial Fibrillation, Ventricular Tachycardia, Atrial Tachycardia, Atrial Flutter, WOLFF-Parkinson-White Syndrome), By End-use & Global Forecast, 2023-2032

  • Report ID: GMI2968
  • Published Date: Mar 2023
  • Report Format: PDF

Electrophysiology Market Size

Electrophysiology Market size was valued at more than USD 5.6 billion in 2022 and will progress tremendously to reach over USD 17.1 billion by 2032 at 12% CAGR. Growing prevalence rate of cardiac arrhythmia and heart failure among population will augment the market growth opportunities.

Electrophysiology Market

Increasing incidence of cardiovascular diseases are owing to smoking, alcohol consumption, unhealthy lifestyle, hyperthyroidism, obesity, and stress among population. These factors will contribute towards elevating overall market growth expansion. Moreover, higher adoption of catheter ablation procedures in diagnosis and treatment of cardiac arrhythmia for enhanced accuracy will propel market demand.

Electrophysiology is analysis and treatment of electrical impulses of biological tissue or cells. It involves measurement of voltage current on an extensive variation of scales from single ion channel proteins to whole organs including heart. Growing number of cases of cardiac arrhythmia globally owing to adoption of unhealthy lifestyle will augment the market revenue.

Continuous technological advancements with innovative applications in electrophysiology will impel the overall industry landscape

Raising technological advancements in electrophysiology devices along with rising adoption will impel the market share. Advances in electrophysiology has contributed to enhancement of atrial fibrillation (AF) treatment outcomes and developed devices that makes procedures less invasive. Large presence of industry players in the electrophysiology market will stimulate the overall market progress. Moreover, continuous technological advancements in applications of electrophysiology such as cardiac computerized tomography (CT), cardiac magnetic resonance imaging (CMR), electro-anatomic mapping, echocardiography and fluoroscopy among others will boost the product demand.

Electrophysiology Market Analysis

Electrophysiology Market by Product

Electrophysiology market from EP ablation catheters segment held around 48% revenue share in the year 2022. Among EP ablation catheters, cryoablation is majorly growing segment owing to its superior therapeutic advantages. Ablation catheters deliver minimally invasive way to efficiently treat wide range of arrhythmias with lesser pain and blood loss. Moreover, shorter procedure time coupled with rapid advances will increase procedure’s success rate that will spur the adoption and demand for ablation catheters in future.

Electrophysiology market from atrial fibrillation segment is projected to reach over USD 7.8 billion by 2032. Growing adoption of ablation procedures for the treatment of atrial fibrillation will boost the market trends. Development of advanced catheters and other devices by market players is assisting electrophysiologists in effectively treating patients with AF. For instance, Johnson & Johnson received approval for its THERMOCOOL SMARTTOUCH SF ablation catheter.

Electrophysiology market from hospitals segment is predicted to proceed at 11.9% CAGR during projection period. Increased spending capacity of hospitals on innovative EP products along with presence of skilled expertise will primarily foster the industry dynamic. In addition, increasing number of patient visits to the hospitals well-equipped with electrophysiology departments will impel the segment forecast.

Global Electrophysiology Market Size By Region

North America electrophysiology market accounted for more than USD 2 billion in 2022 and is estimated to witness significant growth during the forecast period. This is due to increasing prevalence of arrhythmias that is stimulating the demand for electrophysiology in the region. Adding to this, increasing number of ablation centers and procedures coupled with growing use of electrophysiology devices rate will positively impact the North America market outlook.

Electrophysiology Market Share

The global electrophysiology industry consists of several players including :

  • Abbott Laboratories
  • Boston Scientific Corporation
  • Biotronik SE & Co KG
  • GE Healthcare
  • Johnson & Johnson
  • Japan Lifeline
  • Koninklijke Philips N.V.
  • Siemens Healthineers AG
  • Medtronic plc.
  • MicroPort Scientific Corporation
  • CardioFocus
  • and Stereotaxis, Inc

These companies are implementing several strategies such as collaborations, acquisitions, partnerships, mergers, and product launches, etc. to maintain a competitive edge in the industry.

The electrophysiology market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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By Product

  • EP Ablation Catheters
    • Radiofrequency (RF)
    • Cryoablation
    • Laser
    • Others
  • EP Diagnostic Catheters
    • Conventional
    • Advanced
    • Ultrasound
  • EP Laboratory Devices
    • Mapping Systems
    • Recording Systems
    • Others

By Indication

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

By End-use

  • Hospitals
  • Catheterization/EP Laboratories
  • Ambulatory Surgical Centers
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Ukraine
    • Poland
    • Switzerland
    • Belgium
    • Greece
    • Czech Republic
    • The Netherlands
    • Sweden
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Malaysia
    • Thailand
    • Indonesia
    • Singapore
    • Taiwan
    • Philippines
    • Vietnam
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Kuwait
    • UAE


Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for electrophysiology was worth more than USD 5.5 billion in 2022 and is expected to witness a 12% CAGR from 2023-2032.

Ventricular tachycardia is anticipated to exhibit over 13% CAGR between 2023-2032 due to the increasing use of EP to detect heart rhythm anomalies.

Europe electrophysiology market is poised to reach over USD 5 billion by the end of 2032 owing to the rising prevalence of coronary heart diseases in the UK.

GE Healthcare, Medtronic, Japan Lifeline, Koninklijke Philips, Magnetecs Corporation, Siemens AG, and Stereotaxis are some of the leading manufacturers of electrophysiology devices.

Electrophysiology Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 572
  • Countries covered: 34
  • Pages: 277
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