Electrophysiology Market Analysis - Global Industry Size, Share, Trends and Forecast 2025

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC503

Introduction

Electrophysiology is the division of science that deals with the analysis of electric activity present in human body. Electrophysiology measures electric current with a wide range of scales which includes channel proteins of single ion to entirebody organs. In neuroscience, which studies nervous systems –electrophysiology measures the electrical activity of neurons.

Market Dynamics

One of the major driving factors for the growth of this market is technological advancements in the development of electrophysiology devices. In addition, significant growth of aging population along with high risk of diseases is spurring the growth of electrophysiology market. Increasing occurrences of arrhythmia across the world coupled with increasing focus from key market participants to develop their geographic presence are few of the other reasons fuelling the need for electrophysiology devices. Catheter ablation procedures are finding increasing demand, which in turn, is driving the demand for electrophysiology market. On the other hand, other factors such as unskilled labour force in electrophysiology among developing nations are likely to restrain the market growth. The US has unfavourable healthcare reforms restricting the growth of this market.

Market Classification

Based on its product types, the electrophysiology market can be classified into three segments, namely, EP ablation catheters, EP diagnostic catheters, and EP laboratory devices. The EP diagnostic catheters product can further be segmented as advanced EP diagnostic catheters, conventional EP diagnostic catheters, and ultrasound EP diagnostic catheters. Similarly, EP ablation catheters product segment can be further bifurcated into radiofrequency (RF) EP ablation catheters, laser ablation systems, cryoablation EP catheters, microwave ablation and navigational advanced mapping accessories. Also, the EP laboratory devices product segment is further divided into 3D mapping systems, X-ray systems, EP recording systems, intra-cardiac echocardiography systems (ICE), radiofrequency (RF) ablation generators, and remote steering systems. Based on indication type, the global electrophysiology market is bifurcated into ventricular tachycardia, ventricular fibrillation, atrial flutter, atrial fibrillation, atrioventricular nodal re-entry tachycardia, atrial tachycardia and Wolff-Parkinson-White (WPW) syndrome.

Regional Overview

Currently, North America accounts for the largest market share in global electrophysiology market while Europe ranks second across the globe. Moreover, growing healthcare funding for electrophysiology devices in North America and Europe has also propelled the growth of electrophysiology market. However, Asia-Pacific electrophysiology market is likely to expand at highest CAGR over the next few years. The high growth in Asia-Pacific can be attributed to the factors such as rising aging population, improved healthcare infrastructure, growing emphasis of healthcare multinational companies on emerging markets and high demand for electrophysiology devices from this region. For example, based on UN reports, emerging countries, such as China and India are likely to have greater geriatric population as compared to developed nations such as the U.S. The population numbers for people exceeding 60 years age are anticipated to reach 324 Mn in India and 437 Mn in China when compared to 107 Mn people in the U.S. by the year 2050. Aged people are more vulnerable towards eye related and cardiovascular diseases. However, cost of electrophysiology devices is high at present and alternative technologies are available in relatively lesser cost. This is likely to obstructs the growth of global electrophysiology market.

Report Coverage

Market

Electrophysiology Market

Analysis Period

2015 – 2025

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2025

Market Stratification

Product, Indication Type, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

Few of the major market participants in the global electrophysiology market are Abbott Laboratories (U.S.), Biosense Webster, Inc. (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co. KG (Germany), Koninklijke Philips N.V. (The Netherlands), GE Healthcare (U.K.), Medtronic, Inc. (U.S.), St. Jude Medical, Inc. (U.S.), Microport Scientific Corporation (China), and Siemens AG (Germany).

Market Segmentation

Market By Product Type

·         EP ablation catheters

o   Radiofrequency (RF) EP ablation catheters

o   Laser ablation systems

o   Cryoablation EP catheters

o   Microwave ablation

o   Navigational advanced mapping accessories

·         EP diagnostic catheters

o   Advanced EP diagnostic catheters

o   Conventional EP diagnostic catheters

o   Ultrasound EP diagnostic catheters

·         EP laboratory devices

o   3D mapping systems

o   X-ray systems

o   EP recording systems

o   Intra-cardiac echocardiography systems (ICE)

o   Radiofrequency (RF) ablation generators

o   Remote steering systems

Market By Indication Type

·         Ventricular tachycardia

·         Ventricular fibrillation

·         Atrial flutter

·         Atrial fibrillation

·         Atrioventricular nodal re-entry tachycardia

·         Atrial tachycardia

·         Wolff-Parkinson-White (WPW) syndrome

Market By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


Related Reports

Long Term Care Market By Service: ( Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities ) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global long term care market size is expected to reach around 1,621 Mn by 2026 and growing at a CAGR of around 7% over the forecast period 2019 to 2026. Long term care is a term used for a variety of services, which are specially designed to meet a person's short term and long term requirement for health and personal care. This is also termed as Activities of Daily Living or ADLs, when it is served for personal care, such as dressing,

Precision Medicine Market By Technology: (Big Data Analytics, Bioinformatics, Gene Sequencing, Drug Discovery, Companion Diagnostics, Others); By Application: (Oncology, Immunology, CNS, Respiratory); By End Use: (Home care, Hospitals, Clinical Laboratories, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global precision medicine market size is expected to reach around US$ 84 Bn by 2026 and is anticipated to grow at a CAGR of around 10% in terms of revenue during the forecast period 2019 to 2026. Precision medicine is an approach to patient care that enables physicians to choose medicines that assist patients to understand their disease genetically. This can also be called custom medicine. The report provides analysis of global precis

Comprehensive Metabolic Panel (CMP) Testing Market By Disease: (Kidney Disease, Liver Disease, Diabetes, Others); By Test Type: (Proteins, Electrolytes, Kidney Tests, Liver Functional Tests, Glucose); By End-Use: (Laboratories, PoC) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The Global Comprehensive Metabolic Panel (CMP) Testing Market size is expected to reach over US$ 18,380 Mn by 2026 and growing at a CAGR of around 7.0% from 2019 to 2026. The Comprehensive Metabolic Panel (CMP) is a commonly ordered set of 14 tests that give doctor a significant data about the present status of kidneys, electrolyte, liver and acid / base balance as well as blood sugar and blood proteins. Abnormal findings, and in particular abnormal resul

Recreational Oxygen Equipment Market By Product: Concentrators, Bar Equipment, others; By Application: Athletics/Sports, Medical, others - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global recreational oxygen equipment market is expected to grow at a CAGR of around 16.3% from 2019 to 2026 and reach the market value of around 307 Mn by 2026. Recreational Oxygen is also termed as consumer oxygen, which is used to enhance brain functioning and also to improve athletic endurance. Recreational oxygen can’t be replaced with the medical oxygen as medical oxygen is used for treatment purposes and is controlled by the FDA as a thera

Plasmid DNA Manufacturing Market (By Application: Gene Therapy, Vaccinology; By Disease: Infectious Disease, Cancer, Genetic Disorder: Research Institute , Biotech Companies; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global plasmid DNA manufacturing market size is expected to reach over US$ 300 million by 2026 and growing at a CAGR of 20% from forecast period 2019 to 2026. There are continuous development activities carried by major players in order to test plasmid DNA applicability. Usually plasmid DNA is prepared by cesium chloride density ultracentrifugation process and it has wide applications such as c

Powered Surgical Instrument Market (By Product: Hand Piece, Power Source & Controls, Accessories; By Power Source: Battery-Powered Instruments, Pneumatic Instruments, Electric Instruments; By Application: Orthopedic Surgery, Neurosurgery, ENT Surgery, Cardiovascular Surgery, Cardiothoracic Surgery, Plastic Surgery, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global powered surgical instrument market is expected to grow at a CAGR of around 4.0% from 2019 to 2026 and reach the market value of over US$2,900 Mn by 2026. Powered surgical instrument is a market of technological instruments used to assist at the time of performing neurological and orthopedic surgery. This surgical powered instrument is categorized by product which includes high speed equipment, large bone battery/electric equipm

Cart Summary