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Electrophysiology Devices Market is geared to grow at a CAGR of 10% from 2023 to 2032 | insightSLICE

The global Electrophysiology Devices Market size was estimated to be US$ 5.5 billion in 2021 and is expected grow at a CAGR of 10% between 2023 to 2032.

The report on the Global Electrophysiology Devices Market includes information about market size, product analysis, and projections for the years 2022 through 2032.

This report is divided into three sections, with 2020 serving as the historic period, 2021 serving as the base year, and 2022 to 2032 serving as the forecast years. The analysis also considers the industry’s competitive environment; as a result, the study contains necessary details and industry forecasts for the top players in the worldwide Electrophysiology Devices Market.

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In addition, the report will include information on important advancements, global and regional sales networks, marketing strategies, technology development objectives, global workforce, and top-level managers for all significant market participants.

What information is provided in this report?

With a focus on every functioning market sector, the research offers an in-depth analysis of significant companies with a dominant market share. This would help identify the firm segment that specializes in electrophysiological devices. Also evaluated will be the market shares of well-known firms in the worldwide electrophysiology equipment market. As an example, from this report the four, main divisions of Medtronic plc are the Cardiac & Vascular Group, the Minimally Invasive Therapies Group, the Restorative Therapies Group, and the Diabetes Group. Devices and types of equipment for electrophysiology are provided by the company’s Cardiac & Vascular Group division, which contributed US$11,505 million in revenue in 2019.

The statistical method takes into account the essential competitive data, including company strategy, product portfolio, key developments, and priorities of product manufacturers of all the companies and players producing electrophysiology devices. The major players in the industry’s supply chain and distribution, as well as their small-scale contributions, will be considered in the analysis of the worldwide electrophysiology devices market. The company’s whole line of electrophysiological devices would be the main emphasis of the product range. Similarly, the section on current developments would concentrate on the company’s most recent activities, such as strategic alliances and collaborations, mergers and acquisitions, the introduction of new products, and geographic expansion in the market for electrophysiological devices worldwide.

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The key players of the Global Electrophysiology Devices Market are:

Abbott Laboratories, Boston Scientific Corporation, Biosense Webster, Inc. (a Johnson & Johnson Company), Biotronik SE & Co.KG, GE Healthcare, Koninklijke Philips N.V., Microport Scientific Corporation, Medtronic plc, St. Jude Medical Inc., and Siemens AG are significant market participants in the electrophysiology devices market.

Global Electrophysiology Devices Market Key Segments:

By Device Type:

  • Treatment devices
    • Implantable Cardioverter Defibrillators (ICDs)
    • Automated external defibrillators (AEDs)
    • Pacemakers
    • CRT-P
    • CRT-D
    • Catheters
    • Others
  • Diagnostic devices
    • Holter Monitoring Devices
    • Diagnostic Electrophysiology Catheters
    • Electrocardiograph (ECG)
    • EP Mapping & Imaging Systems
    • Implantable cardiac monitors (ICM)
    • Others

By Indication:

  • Atrial Fibrillation (AF)
  • Supraventricular Tachycardia
  • Atrioventricular Nodal Re-entry Tachycardia (AVNRT)
  • Wolff-Parkinson-White Syndrome (WPW)
  • Bradycardia
  • Others

By End Use:

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

By Geography:

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

Driving factors for the growth of Global Electrophysiology Devices Market :

. The main drivers of demand and growth in the global electrophysiology devices market are the higher incidence of cardiovascular diseases, rising awareness, and rising need for heart health surveillance and therapeutic equipment.

The electrophysiological devices employ low-power electric pulses to identify and track the existence and location of aberrant rhythms.

Age, excessive blood pressure and cardiac damage after heart attacks all contribute to rhythm abnormalities. This has increased the demand for cardiac catheterization procedures and electrophysiological equipment.

Due to sedentary lifestyles coupled with higher consumption of alcohol, tobacco, and processed food, the burden of heart illnesses has increased tremendously over the past 20 years. A rapid cardiac arrest brought on by tachyarrhythmias might result in cardiac failure.

Due to the above factors, there can a noticeable rise in demand for heart monitoring equipment in the coming years. During the forecast period, the marketplace for electrophysiological devices is anticipated to expand significantly.

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Regional performance of Electrophysiology Devices Market :

Due to the presence of top device manufacturers, the overall prevalence of cardiovascular disorders, and rising investments in the development of cutting-edge products, North America accounted for the largest share of the global market for electrophysiology devices in 2019. It is predicted that this region will continue to dominate the market over the forecast period. In the upcoming years, it is also projected that the widespread adoption of cutting-edge modalities will help the market for electrophysiology equipment in North America flourish. Due to rising cardiovascular disease occurrences, increased investment in healthcare infrastructure, and widespread use of cutting-edge medical equipment, Asia Pacific is expected to have the fastest growth during the projection period.

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Last Updated: 12-Dec-2022