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
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationElectrophysiology 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
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.
Increased Heart Disease Raises Market for Treatment Options Heart disease is becoming more common nowadays because of unhealthy habits like smoking, drinking, and eating poorly. Plus, conditions like overactive thyroid, being overweight, and stress can also hurt your heart. All of these factors are driving up the demand for treatments. Better Heart Rhythm Treatments Boost Market A new method called catheter ablation is getting more popular for diagnosing and treating irregular heartbeats. This procedure uses heat to create tiny scars in the heart, which can improve heart rhythm and reduce the need for medication. The increased use of catheter ablation is also boosting the market. ElectrophysiologyUnderstanding Heart Rhythms Electrophysiology is the study of how electrical signals move through the heart. It's used to diagnose and treat heart problems by measuring electrical activity in the heart. The rising number of heart arrhythmias is also increasing the need for electrophysiology services.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Electrophysiology Market Size in 2022 | 5.5 Billion (USD) |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 12% |
| 2032 Value Projection | 17 Billion (USD) |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 277 |
| Tables, Charts & Figures | 572 |
| Segments covered | Product, Indication, End-use, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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 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.
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
Click here to Buy Section of this Report
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
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy