Electrophysiology Market Is Booming Worldwide | GE Healthcare, Johnson & Johnson, Medtronic, Siemens AG, Koninklijke Philips, Abbott Laboratories, Magnetecs Corporation, Japan Lifeline, Stereotaxis, Topera, Microport Scientific Corporation

Market Study Report LLC provides a detailed overview of Electrophysiology market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Electrophysiology market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

U.S. electrophysiology market valued over USD 1.3 billion in 2017 and is estimated to follow similar trend during the forecast period owing to high technological adoption in the country coupled with increasing research activities pertaining to development of new ablation techniques. Presence of industry leaders, undertaking numerous initiatives to sustain market competition will positively impact U.S. electrophysiology market growth.

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Rising prevalence of cardiac arrhythmias such as atrial fibrillation along with rising number of baby boomers will drive electrophysiology market. Incidence of atrial fibrillation increases with age; hence growing geriatric population base will act as high impact rendering factor for electrophysiology market. Electrophysiology Market will reach over USD 6.5 billion by 2024; as per a new research report.

Technological advancements pertaining to advancing mapping, navigational and ablation techniques used in electrophysiology should accelerate EP devices adoption rate during the forecast period. Furthermore, on-going clinical studies focusing on developing innovative ablation solutions will positively impact business growth.

EP diagnostic catheters product segment is estimated to witness around 5.4% CAGR during the forecast period owing to rising awareness about cardiovascular diseases and growing preference towards early disease diagnosis and treatment. Application of diagnostic catheters in cardiac ablation procedures as well as procedures not involving ablation such as pacemaker, or CRT device implantation will further drive business growth.

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Based on indication, electrophysiology industry is segmented into atrial fibrillation, ventricular tachycardia, atrial tachycardia, atrial flutter, WOLFF-Parkinson-White (WPW) syndrome, and atrioventricular nodal reentry tachycardia. Increasing prevalence of ventricular tachycardia will drive ventricular tachycardia segment growth. As per the American Heart Association, ventricular tachycardia is responsible for most of the sudden cardiac deaths in the U.S.

Japan electrophysiology market is primarily driven by growing geriatric population base and rising number of people suffering from chronic conditions including cardiovascular diseases, obesity and diabetes. Government support coupled with technological advancements in EP devices will further drive Japanese electrophysiology industry.

Few notable industry players operating in electrophysiology market include Biotronik SE & Co. KG, Abbott Laboratories, Johnson & Johnson, Koninklijke Philips, Magnetecs Corporation, Japan Lifeline, Stereotaxis, Topera, Boston Scientific Corporation, GE Healthcare, Microport Scientific Corporation, Medtronic, and Siemens AG. Market players are currently focusing on geographical expansion by adopting various strategies such as acquisition, merger, strategic collaboration and partnership to gain significant market share and sustain market competition.

Table of Content:

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Electrophysiology industry 360 degree synopsis, 2013 - 2024 (USD Million)

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Indication trends

2.1.4. Regional trends

Chapter 3. Electrophysiology Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Increasing prevalence of atrial fibrillation

3.3.1.2. Technological advancements in electrophysiology devices

3.3.1.3. Increasing preference for electrophysiology catheter ablation

3.3.2. Industry pitfalls and challenges

3.3.2.1. High investment for EP devices

3.3.2.2. Dearth of skilled professionals in emerging nations

3.4. Growth potential analysis

3.4.1. By product

3.4.2. By indication

3.5. Porter's analysis

3.6. Regulatory landscape

3.7. Competitive landscape

3.7.1. Strategy dashboard

3.8. PESTEL analysis

Chapter 4. Electrophysiology Market, By Product

4.1. Key segment trends

4.2. EP ablation catheters

4.2.1. Market size, by region, 2013-2024 (USD Million)

4.2.2. Radiofrequency (RF) ablation catheters

4.2.2.1. Market size, by region, 2013-2024 (USD Million)

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Related Report:

2018 Global Diagnostic Electrophysiology (EP) Catheters Industry Report - History, Present and Future

The global market size of Diagnostic Electrophysiology (EP) Catheters is $XX million in 2017 with XX CAGR from 2013 to 2017, and it is expected to reach $XX million by the end of 2023 with a CAGR of XX% from 2018 to 2023.

https://www.marketstudyreport.com/reports/2018-global-diagnostic-electrophysiology-ep-catheters-industry-report-history-present-and-future?utm_source=RR-SP

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