Electrophysiology Market Outlook 2026 | Abbott Laboratories, Boston Scientific Corporation, GE Healthcare, Medtronic Plc., GE Healthcare, Medtronic Plc., and Johnson & Johnson
This study cites the increasing popularity of consumer products like smartwatch ECGs in various electrophysiology techniques across the market. This is just one of the numerous digital tools that have the capability of transforming the conventional model of innovation in the medical sector. Similar reviews are set to advocate the demand for various electrophysiology devices, boosting revenue growth over the forthcoming years.
As per the latest research by GMI, the global electrophysiology market size is anticipated to exhibit a commendable CAGR of 10.2 per cent through 2026.
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Rising atrial fibrillation burden in the Europe electrophysiology industry
The growing geriatric population coupled with a higher incidence of atrial fibrillation in Europe is expected to drive the demand for electrophysiology devices in the region. Furthermore, the surging demand for healthcare spending and the affordability of various treatments are likely to escalate market growth over the assessment period.
The Europe electrophysiology market is estimated to grow at an appreciable CAGR of 10.1 per cent through 2026. The emergence of electrophysiology market players and the increasing number of cardiac centers across several countries in the region is expected to impel the electrophysiology industry outlook over the forecasted period.
Increasing demand for the treatment of ventricular tachycardia
Numerous medical device manufacturers are focusing on the development of novel products for the treatment of ventricular tachycardia as well as for minimizing the risk of stroke amongst various age groups. The ventricular tachycardia segment in the electrophysiology market held a valuation of more than USD 450 million in 2019.
The advantages of continuous monitoring, as well as early diagnosis offered by these products, are expected to escalate product adoption, spurring segment growth over the estimated period.
Escalating demand for EP diagnostic catheters
The expanding applications of diagnostic catheters in intra-cardiac sensing and mapping are likely to escalate the demand for EP diagnostic catheters over the estimated period. Additionally, the surging number of technological advancements have resulted in greater efficiency and stability, leading to superior disease diagnosis, further augmenting electrophysiology market share over the forecasted period.
The EP diagnostic catheters segment accounted for over 35 per cent of the overall market share in 2019 and is estimated to witness substantial growth through 2026.
On the whole, the increasing demand for electrophysiology ablation procedures is likely to propel electrophysiology industry growth, stimulating revenue expansion through the ensuing years.
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/electrophysiology-market
Partial Chapter of the Table of Content
Chapter 2 Executive Summary
2.1 Electrophysiology industry 3600 synopsis, 2015 – 2026 (USD Million)
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Indication trends
2.1.5 Regional trends
Chapter 3 Electrophysiology Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2015- 2026 (USD Million)
3.3 Industry impact forces
3.3.1 Growth drivers
126.96.36.199 Increasing prevalence of atrial fibrillation
188.8.131.52 Technological advancements in electrophysiology devices
184.108.40.206 Increasing preference for electrophysiology catheter ablation
3.3.2 Industry pitfalls and challenges
220.127.116.11 High investment for EP devices
18.104.22.168 Dearth of skilled professionals in emerging nations
3.4 Growth potential analysis
3.4.1 By product
3.4.2 By indication
3.4.3 By end-use
3.5 COVID-19 impact analysis
3.6 Competitive landscape, 2019
3.7 Regulatory landscape
3.8 Porter’s analysis
3.9 PESTEL analysis
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