Electrophysiology Market size to exceed USD 6.8bn by 2025

Electrophysiology Market size is set to exceed USD 6.8 billion by 2025; according to a new research report by Global Market Insights.
 

Growing preference for electrophysiology ablation catheters to treat various cardiac arrhythmias will stimulate the global electrophysiology market growth over the coming years. Electrophysiology ablation procedures are preferred in cases of supraventricular tachycardia. The procedure reduces costs related to hospital visits and drugs. In addition, the success rate of EP ablation is high, thus escalating the customer preference and further expanding the market growth.

 

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Advancements in electrophysiology devices will impel the demand for diagnostic and ablation catheters over the forthcoming years. Development of safer and less-invasive catheters for the treatment of atrial fibrillation, that is the most commonly occurring arrhythmia, will spur the market growth. Biosense Webster, a part of Johnson & Johnson, developed a multi-electrode balloon radiofrequency ablation catheter, wherein each electrode has different power settings. The advanced catheter ensures no damage to the surrounding tissues. Emergence of such novel treatment devices along with rising inclination towards non-invasive procedures will drive the electrophysiology industry growth over the future years.
 

Electrophysiology Market

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However, dearth of expertise in electrophysiology field along with high cost of electrophysiology devices may hamper the business growth.
 

Electrophysiology diagnostic catheters market held more than 38.0% market share in 2018. Diagnostic EP catheters are used for early diagnosis of arrhythmias that may be life-threatening. Increasing device clearance by the U.S. FDA will further augment the segmental growth. Among all the EP diagnostic catheters, conventional diagnostic catheters market held significant revenue size. Accurate analysis and interpretation of intracardiac signals facilitates better understanding of arrhythmias, thereby increasing the customer demand in the upcoming period.
 

Atrial tachycardia market is projected to progress at 8.2% CAGR during the estimation period. Increasing consumption of alcohol, drug abuse and previous history of cardiovascular disorders are the major risk factors highly impacting atrial tachycardia incidence rate. Catheter ablation procedure is recommended by physicians for treatment of effective atrial tachycardia. Thus, growing prevalence of cardiac diseases coupled with growing geriatric and obese population will spur the segmental growth.
 

Browse key industry insights spread across 250 pages with 370 market data tables & 7 figures & charts from the report, “Electrophysiology (EP) Market Size By Product (EP Ablation Catheters {Radiofrequency, Cryoablation, Laser}, EP Diagnostic Catheters {Conventional, Advanced, Ultrasound}, EP Laboratory Devices), By Indication (Atrial Fibrillation, Ventricular Tachycardia, Atrial Tachycardia, Atrial Flutter, WOLFF-Parkinson-White (WPW) Syndrome, Atrioventricular Nodal Reentry Tachycardia ), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Ukraine, Poland, Switzerland, Belgium, Greece, Czech Republic, Netherlands, Sweden, China, Japan, India, Australia, South Korea, Malaysia, Indonesia, Thailand, Singapore, Taiwan, Philippines, Vietnam, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Kuwait, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/electrophysiology-market
 

France electrophysiology market held a value of USD 218.4 million in 2018. Increasing prevalence of cardiovascular disorders (CVD) coupled with growing expenditure on cardiac health will expand the market growth. As per the European Cardiovascular Disease Statistics, the total expenditure on cardiovascular disorders in France was about USD 17,006,557 thousand in the year 2015. Similarly, there were 5,848,827 cases of cardiovascular diseases in France in 2015. Thus, high burden of CVDs coupled with expanding facilities performing electrophysiology will boost France market growth over the upcoming years.
 

Japan electrophysiology market is forecast to witness 6.4% CAGR during the analysis period. Rising adoption of advanced electrophysiology ablation catheters for enhanced treatment of complex arrhythmias will act as positively influencing factor for the market growth. Moreover, growing geriatric population pool in the country, susceptible to various CVDs will highly impact Japan market growth over the forecast timeframe.
 

Some of the notable players operating in electrophysiology market are Abbott, Johnson & Johnson, Japan Lifeline, Boston Scientific Corporation, Biotronik SE & Co. KG, GE Healthcare, Medtronic, and Siemens. Industry players are concentrating on enhanced product development to accomplish growing demand for advanced EP devices and gain significant market position. For instance, in May 2019, Biosense Webster Inc. launched Cartonet, the first cloud-based networking and data analytics software solution, to help electrophysiologists, and healthcare settings for improving the operational efficacy during ablation procedures.
 

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Electrophysiology Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
 

Electrophysiology Market, by Product, 2014 – 2025 (USD Million)

  • Electrophysiology Ablation Catheters
    • Radiofrequency (RF) Ablation Catheters
    • Cryoablation Catheters
    • Laser
    • Others
  • Electrophysiology Diagnostic Catheters
    • Conventional
    • Advanced
    • Ultrasound
  • Electrophysiology Laboratory Devices

Electrophysiology Market, by Indication, 2014 – 2025 (USD Million)

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

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
    • Indonesia
    • Thailand
    • Singapore
    • Taiwan
    • Philippines
    • Vietnam
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Kuwait
    • UAE

 

 

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