North-American Electrophysiology Devices Market Size, Share and Forecast 2019-2025

North American electrophysiology devices market is estimated to grow at a moderate CAGR around 8% during the forecast period. The growth of the market is attributed to the increasing cases of heart failure and arrhythmia coupled with the presence of well-established healthcare facilities in the region. Further, technical advancements resulted in the high adoption of the electrophysiology device and increasing catheter ablation centers and hence increasing procedures, which in turn, is driving the market growth in North America. According to WHO, the incidence & prevalence rate of a heart attack is the highest in North America which causes 0.7 million fatalities each year.

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The North America electrophysiology devices market is segmented into the US and Canada. The US holds the highest market share in the North American market. The electrophysiology market in the US is projected to grow substantially over the forecast period. Presence of healthcare giants such as Boston Scientific Corp. Abbott Laboratories Inc. and others are offering electrophysiology devices for the diagnosis and treatment of heart diseases, increasing prevalence of cardiac arrhythmias, and favorable medical reimbursement scenarios are some of the major factors contributing to the growth of the market in the US.

Further, the North American electrophysiology devices market is segmented on the basis of product and application. Based on the product, the market is segmented into electrophysiology monitoring devices, electrophysiology laboratory devices, electrophysiology treatment devices, electrophysiology catheter. The electrophysiology monitoring devices segment held the largest share.

The monitoring devices include electrocardiography, electrocorticography, and electrooculography. Electrophysiology laboratory devices covered in the report include recording systems, X-ray devices, and 3D mapping systems. Further, electrophysiology treatment devices include pacemaker and CRT devices. Based on end-user the market is further segregated into hospitals & clinics and ambulatory surgical centers. The hospitals & clinics segment held the largest share.
The report covers the analysis of several players operating in the North American electrophysiology devices market. Some of the players include Abbot Laboratories Inc., Johnson & Johnson, Boston Scientific Corp., Stryker Corp., GE Healthcare, and others.

These companies are actively working towards new developments in the electrophysiology landscape. For instance, in February 2019, Johnson & Johnson Institute established a partnership with the electrophysiology community for fighting the growing epidemic of AFib. This partnership includes over 900 members of the electrophysiology community with an aim to reflect the latest developments, research, and perspectives in the diagnosis and treatment of AFib. This will enable the company to conduct R&D for the development of much reliable, safer and efficient electrophysiology products.

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North-American Electrophysiology Devices Market Segmentation

By Product
o Electrophysiology Monitoring Devices
o Electrophysiology Laboratory Devices
o Electrophysiology Treatment Devices
o Electrophysiology Catheter

By End-User
o Hospital & Clinics
o Ambulatory Surgical Centers

Regional Analysis
o US
o Canada

Company Profiles
o Abbott Laboratories Inc.
o Boston Scientific Corp.
o GE Healthcare (A General Electric Company)
o Japan Lifeline Co., Ltd.
o Johnson & Johnson
o Koninklijke Philips N.V.
o Medtronic PLC
o MicroPort Scientific Corp.
o Nihon Kohden Corp.
o Siemens AG

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