Future Outlook of Electrophysiology Market Poised to Achieve CAGR of 6.5% by 2023 – Global Key Players –Abbott, Boston Scientific, Biotronik SE, GE, Hansen Medical, Siemens, Microport

Marketprognosis.com Publish a New Market Research Report On “Global Electrophysiology Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Electrophysiology Market:

The Global Electrophysiology Market has been estimated to register a CAGR of 6.5% during the forecast period 2018 to 2023. Although North America dominates the market due to increasing incidences of heart failure and rapid technological advancements, APAC is expected to register the highest CAGR due to increasing cases of arrhythmia and high adoption rates in emerging market.

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In Europe and North America, 1-2% of the total healthcare expenditure is attributed to heart failure. In 2016, around 5.5 million people were diagnosed with heart failure in the United States. It is expected that this number would become 8 million by 2030. Since electrophysiology devices has their major applications in detecting the heart failure rates, the increasing cases of heart failures are expected to drive the market in the forecast period.

In addition, rapid growth in ageing population is responsible to increase heart failure rates which is further attributed to contribute in the growth of global electrophysiology market.

As of 2017, in the United States, approximately 6-8% of cardiologists hold a specialization in electrophysiology. Although not a favorable percentage, the EP workforce is more or less stable in the United States. However, due to lack of mobility among the majority of established electro physiologist, there exists a distinct lag in geographical dispersion of the EPs, resulting in a rift between the demand and supply, and a visible disparity among electro physiologists. These lack of skilled electro physiologists is acting as a major restraint for the global electrophysiology market.

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The Electrophysiology Market is segmented by product type, and geography. By geography it is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa and South America.

North America dominates the electrophysiology market due to the presence of well-established healthcare facilities and rise in number of arrhythmia and heart failure cases in the region. Asia-Pacific is also expected to propel the electrophysiology market owing to factors, such as increasing accessibility to healthcare facilities in the region, rising medical tourism, and increasing incidences of heart failure cases.

Major Key Players:

1 Abbott Laboratories

2 Boston Scientific

3 Biotronik Se & Co. Kg

4 Ge Healthcare

5 Hansen Medical

6 Johnson & Johnson

7 Medtronic Inc.

8 Siemens Healthcare

9 Nihon Kohden Corporation

10 Microport

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Electrophysiology Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.