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Global Electrophysiology Market Analysis By Focusing On Companies like Abbott Laboratories, Boston Scientific, Medtronic, Philips, Siemens, Johnson & Johnson, Microport Scientific Corp, Sorin Group, CardioFocus, CR Bard, Mogul Enterprises Inc, CathEffects
Global Electrophysiology Market ? Industry Trends and Forecast to 2024
The Global Electrophysiology Market accounted to USD 3.90 billion in 2016 growing at a CAGR of 10.5% during the forecast period of 2017 to 2024.
Global Electrophysiology Market Devices (Electrophysiology Diagnostic Catheters, Electrophysiology Laboratory Devices, Electrophysiology Ablation Catheters), Indication (Atrial Fibrillation, Atrial Flutter, Atrioventricular Nodal Reentry Tachycardia, Wolff-Parkinson-White Syndrome, Others), End-Users (Hospitals, Emergency Clinics, Cardiac Centers, Diagnostic Centers, Home Healthcare Providers), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Major Market Competitors
Some of the major players operating in global electrophysiology market are :-
• Abbott Laboratories,
• Boston Scientific Corporation,
• Medtronic,
• Koninklijke Philips N.V.,
• Siemens AG,
• Johnson & Johnson Services, Inc.,
• Microport Scientific Corporation,
• Sorin Group,
• CardioFocus,
• C. R. Bard, Inc.,
• Mogul Enterprises, Inc.,
• CathEffects Inc.,
• Baxter,
• B. Braun Melsungen AG,
• Biotronik Se & Co.Kg,
• AtriCure, Inc.,
• General Electric,
• Danaher,
• 3M,
• TZ Medical, Inc.,
• Advanced Cardiac Therapeutics,
• Catheter & Medical Design, Inc.,
• Japan Lifeline Co., Ltd.,
• Melys AFSM Ltd.,
• ARGON MEDICAL,
• OSYPKA AG,
• Medline Industries, Inc.,
• Pioneer Medical Devices,
• VascoMed GmbH,
• Oscor Inc.,
• Neomed Management AS,
• MedWOW Global
• among others.
Competitive Analysis:
The Global Electrophysiology Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electrophysiology market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
• Developing Occurrence of Atrial Fibrillation
• Growing Healthcare Spending
• Developing Markets
• Disapproving Healthcare Reforms in the U.S.
• Absence of Expert and Experienced Electrophysiologists in Emerging Nations
• Regular Product Recalls
Market Definition:
Electrophysiology is the division of science that is engaged in the study of electric activity in the human body. It is also the study of the production of electrical activity and the effects due to that electrical activity on the body. Electrophysiology measures electric current on a varied diversity of scales from single ion channel proteins to entire organs of the body.
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Market Segmentation:
By devices:- Electrophysiology diagnostic catheters, electrophysiology laboratory devices and electrophysiology ablation catheters.
Electrophysiology diagnostic catheter segment is further sub-segmented into advanced electrophysiology diagnostic catheters (loop and other), conventional electrophysiology diagnostic catheters (fixed and steerable), and ultrasound electrophysiology diagnostic catheters.
Electrophysiology laboratory device segment is again sub-segmented into 3D mapping systems, X-Ray systems, intracardiac echocardiography systems, electrophysiology recording systems, remote steering systems and RF ablation generators.
Electrophysiology ablation catheters are again sub-segmented into cryoablation electrophysiology catheters, laser ablation systems, radiofequency (RF) electrophysiology ablation catheters (conventional and irrigated-tip), navigational advanced mapping accessories and microwave ablation.
On the basis of indication:- Atrial flutter, atrioventricular nodal reentry tachycardia, atrial fibrillation, Wolff-Parkinson-White syndrome, and others.
On the basis of end-user:- Hospitals, emergency clinics, cardiac centers, diagnostic centers, and home healthcare providers.
On the basis of geography:-
• North America & South America,
• Europe,
• Asia-Pacific,
• Middle East & Africa.
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