Global Electrophysiology Devices Market By Application (Treatment Devices and Diagnostic Devices), Indication (Atrial Fibrillation (AF), Supraventricular Tachycardia, Atrioventricular Nodal Re-Entry Tachycardia (AVNRT), Wolff-Parkinson-White Syndrome (WPW), Bradycardia and Others), End Use (Hospitals, Ambulatory Surgical Centres and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Electrophysiology Devices Market
Data Bridge Market Research analyses that the electrophysiology devices market will exhibit a CAGR of around 10.16% for the forecast period of 2021-2028. Rising demand for electrophysiology devices especially from the emerging economies, increased focus on research and development proficiencies and on the adoption of advanced healthcare technologies and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of electrophysiology devices market.
Electrophysiology devices are those medical devices that are used for the diagnostic purpose and treatment of electrophysiology. Electrophysiology is a procedure undertaken to check the condition of a patient’s heart.
Upsurge in the prevalence of arrhythmia globally is one of the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with ever-rising geriatric population is another market growth determinant. Rising research and development proficiencies by life sciences industry, surge in the innovations in advanced levels of product offerings, increasing commercialization of novel drugs and presence of major pipeline drugs will further generate lucrative market growth opportunities.
However, dearth of medical expertise or lack of electro physiologists in the under developed regions will further derail the market growth rate. Unfavourable reimbursement scenario in the developing and underdeveloped economies coupled with stringent regulatory scenario in regards to product approval will further pose challenges for the market.
This electrophysiology devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electrophysiology devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electrophysiology Devices Market Scope and Market Size
The electrophysiology devices market is segmented on the basis of application, indication and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- The global electrophysiology devices market is segmented on the basis of application into treatment devices and diagnostic devices. Treatment devices market is sub-segmented into implantable cardioverter defibrillators (ICDs), automated external defibrillators (AEDs), pacemakers, cardiac resynchronization therapy-pacemaker (CRT-P), cardiac resynchronization therapy-defibrillator (CRT-D), catheters and others. Catheters segment is further bifurcated into cryoablation electrophysiology catheters and radiofrequency ablation catheters. Radiofrequency ablation catheters segment is further sub-bifurcated into irrigated-tip radiofrequency ablation catheters and conventional radiofrequency ablation catheters. Others segment is further bifurcated into laser ablation systems, microwave ablation systems and navigational advanced mapping accessories. Diagnostic devices market is sub-segmented into holter monitoring devices, diagnostic electrophysiology devices, electrocardiography (ECG), electrophysiology (EP) mapping and imaging systems, implantable cardiac monitors (ICM) and others. Diagnostic electrophysiology devices segment is further bifurcated into conventional electrophysiology (EP) diagnostic catheters, advanced electrophysiology (EP) diagnostic catheters and ultrasound electrophysiology (EP) diagnostic catheters. Conventional electrophysiology (EP) segment is further sub-bifurcated into diagnostic catheters, steerable diagnostic catheters and fixed diagnostic catheters. Others segment is further bifurcated into electrophysiology (EP) laboratory devices, access devices, left trial appendage (LAA) and closure devices and others. Electrophysiology (EP) laboratory devices segment is sub-bifurcated into x-ray systems, intracardiac echocardiography (ICE) systems, radiofrequency ablation generators and electrophysiology remote steering systems.
- On the basis of indication, the electrophysiology devices market is segmented into atrial fibrillation (AF), supraventricular tachycardia, atrioventricular nodal Re-entry tachycardia (AVNRT), wolff-parkinson-white syndrome (WPW), bradycardia and others. Others segment is sub-segmented into retinal diseases and optic nerve diseases.
- The global electrophysiology devices market is segmented on the basis of end use hospital, ambulatory surgical centers and others.
Electrophysiology Devices Market Country Level Analysis
The electrophysiology devices market is analysed and market size insights and trends are provided by country, application, indication and end use as referenced above.
The countries covered in the electrophysiology devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the electrophysiology devices market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the prevailing advanced healthcare technologies and rising cases of heart failure. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the growing prevalence of arrhythmia, ever-rising geriatric population and increased expenditure for the development of healthcare infrastructure.
The country section of the electrophysiology devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The electrophysiology devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electrophysiology devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Electrophysiology Devices Market Share Analysis
The electrophysiology devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electrophysiology devices market.
The major players covered in the electrophysiology devices market report are Medtronic, Boston Scientific Corporation, Abbott, GENERAL ELECTRIC COMPANY, Siemens Healthcare GmbH, MicroPort Scientific Corporation, Koninklijke Philips N.V., NIHON KOHDEN CORPORATION, Medical Devices Business Services, Inc., BIOTRONIK SE & Co KG, CardioFocus., Stereotaxis, Inc., Molecular Devices, LLC., Imricor, EP Solutions., EPMap-System GmbH, OSYPKA AG., CathVision ApS, Lepu Medical Technology(Beijing)Co.,Ltd. and TZ Medical. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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