- Global Pharma News & Resources

Electrophysiology Market Worth $10.6 Billion by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, July 7, 2020 /PRNewswire/ -- According to the new market research report "Electrophysiology Market by Product (Lab Devices (3D Mapping, Recording), Ablation Catheters (Cryoablation, RF), Diagnostic Catheters (Conventional, Advanced, Ultrasound)), Indication (AF, AVNRT, WPW), End User (Hospitals, ASCs) - Global Forecasts to 2025", published by MarketsandMarkets™, the Electrophysiology Market is projected to reach USD 10.6 billion by 2025 from USD 6.8 billion in 2020, growing at a CAGR of 9.1% from 2020 to 2025.

Download PDF Brochure:

The growth of the global Electrophysiology Market can be attributed to factors such as technological advancements; new entrants in the market; growing investments, funds, and grants; and increasing incidence of target diseases and procedures. Emerging markets are also expected to offer high growth opportunities for players operating in this market. However, factors such as high cost of electrophysiology products and inadequate reimbursement, unfavorable healthcare reforms in the US, and cost-intensive requirement for clinical data for new product launches along with availability of alternative technologies are expected to restrain the growth of this market in the coming years. The reuse and reprocessing of devices and lack of skilled and experienced electrophysiologists are some of the challenges in this market. The growth of the market is also expected to slow temporarily during the forecast period due to the COVID-19 pandemic.

The EP laboratory devices segment accounted for the largest share of the market, by product, in 2019

Based on product, the Electrophysiology Market is segmented into EP laboratory devices, EP ablation catheters, EP diagnostic catheters, access devices, and other products. The EP laboratory devices segment accounted for the largest share of the market in 2019. The large share of this segment can be attributed to the increasing public private funding for the development of novel electrophysiology recording systems, rising number of RF ablation procedures, growing focus of market players on the launch of technologically advanced 3D mapping systems, cost effectiveness of RF ablation procedures as compared to other ablation techniques, and increasing availability of these products in major markets.

Browse in-depth TOC on "Electrophysiology Market"
157 – Tables
34 – Figures  
211 – Pages

The atrial fibrillation segment is anticipated to hold major share of the global market, by indication

Based on indication, the market is segmented into atrial fibrillation, atrioventricular nodal reentry tachycardia (AVNRT), Wolff-Parkinson-White (WPW) syndrome, atrial flutter, and other indications. The atrial fibrillation segment accounted for a larger share of the market in 2019. The growing number of ablation procedures related to atrial fibrillation, rapid growth in the aging population across the globe, increasing prevalence of atrial fibrillation, and the development of advanced electrophysiology products for early diagnosis of atrial fibrillation are expected to drive the growth of this market segment in the coming years.

Hospitals & cardiac centers segment is anticipated to hold major share of the global Electrophysiology Market in terms of type

Based on end user, the global market has been segmented into hospitals & cardiac centers and ambulatory surgery centers. The hospitals & cardiac centers segment accounted for largest share of the market in 2019 due to the rising prevalence of CVDs, presence of big cath labs and electrophysiology labs in hospitals, and increasing ablation procedures. Technological advancements, coupled with government funding, are also encouraging the installation of new tools and devices in hospitals.

Get 10% Customization on this Research Report:

North America to hold a significant share of the Electrophysiology Market during the forecast period

The market is segmented into five regional segments, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American region accounted for the largest share of the market in 2019. Factors such as the high burden of CVDs, an increasing number of clinical trials validating electrophysiology devices, the growing number of approvals for electrophysiology devices, and the presence of key players are driving the growth of the market in the region.

The major players operating in the Electrophysiology Market are are Johnson & Johnson (US), Abbott Laboratories (US), Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Boston Scientific (US), Japan Lifeline (Japan), Stereotaxis (US), MicroPort Scientific (China), BIOTRONIK (Germany), Acutus Medical (US), Baylis Medical (Canada), EP Solutions (Switzerland), APN Health (US), OSYPKA (Germany), Epmap-System (Germany), CathRx (Australia), Merit Medical Systems (US), Cook Medical (US), CathVision (Denmark), TZ Medical (US), Teleflex (US), Lepu Medical (China), CardioFocus (US), Schwarzer Cardiotek GmbH (Germany), and Imricor Medical Systems (US).

Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting

Browse Related Reports:

Cardiac Mapping Market by Product (Contact Mapping Systems (Electroanatomical Mapping, Basket Catheter Mapping), Non-contact Mapping Systems), Indication (Atrial Fibrillation, Atrial Flutter, AVNRT), Region - Global Forecast to 2024

Catheters Market by Type (Cardiovascular (IVUS Catheter, Guiding Catheter, Balloon Catheter), Urology catheter (Dialysis, Foley, Intermittent Catheter), Intravenous Catheter (Central Venous Catheter)), & End User (Hospital) - Global Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: 
Research Insight: 
Content Source:


Electrophysiology Market Worth $10.6 Billion by 2025 - Exclusive Report by MarketsandMarkets™

Editor Details

Last Updated: 07-Jul-2020