Global Electrophysiology Devices Market: What are the Key Industry Insights? What will be the Industry Forecasts by 2022?

An informative report titled as Electrophysiology Devices market recently has been published by Absolute Markets Insights to its online repository. This statistical data offers an in-depth analysis by considering several segments, such as type, size, technology and applications. Different exploratory techniques such as, qualitative and quantitative analysis have been used to give data accurately. To give a clear idea about global competitive landscape, it covers different regions such as, North America, Latin America, Japan, Asia-Pacific and India on the basis of profit margins of several industries.

Electrophysiologists play an important role in cardiovascular health, with over 40% of cardiology encounters being related to arrhythmia. In a recent report from Wuhan, China, 16.7% of hospitalized and 44.4% of patients in an intensive care unit with COVID-19 had arrhythmias. In addition, there have been anecdotal reports of patients experiencing late myocardial dysfunction, and cardiopulmonary arrest with pulseless electrical activity or ventricular fibrillation during the recovery phase of their pulmonary illness, as well.

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The purpose of this joint statement from the Heart Rhythm Society, the American College of Cardiology Electrophysiology Section, and the American Heart Association Electrocardiography and Arrhythmias Committee of the Council on Clinical Cardiology is to address various issues facing electrophysiologists (and other healthcare providers who manage arrhythmias) during the pandemic situation and to provide corresponding general guidance.

Atrial Fibrillation is the most common arrhythmia diagnosed in clinical settings, affecting over 886,000 new people in Europe each year. By 2030, the number of people suffering from Atrial Fibrillation is expected to rise by up to 70% of the population; by 2050, Europe is expected to have the largest number of patients suffering from the condition.

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In the United States, approximately 2.7 million to 6.1 million people were affected by atrial fibrillation in 2012; this number is expected to increase to 12.1 million by 2030. According to a report published in the Medical Journal of Australia in August 2015, the number of Atrial Fibrillation patients in Australia over the age of 55 was 328,562 in June 2014, and is expected to rise to over 600,000 by 2034. Such factors are expected to aid the overall electrophysiology devices market over the forecast period.

To get a clear idea about ups-downs of the businesses some significant case studies have been included. Additionally, it offers informative data on recent trends, tools, methods and technologies that are driving the growth of the market. Different approaches have been used to analyze the different restraining factors in front of the businesses. This comprehensive analysis of healthcare sector tracking the global opportunities by using applicable sales strategies.

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Key Findings of the Report:

• In the end users segment, the hospital segment will account for the highest revenue globally owing to the adoption of technologically advanced cardiac rhythm management and electrophysiological procedure devices by the interventional cardiologists at the hospitals.
• North America held the largest share in 2019 and is expected to continue the same trend over the forecast period. A company named BioSig Technologies which is a medical technology company commercialized an innovative signal processing platform designed to improve signal fidelity and uncover the full range of ECG and intra-cardiac signals, announced the purchase of three PURE EP Systems by St. David's HealthCare of Austin, Texas. St. David's Medical Center, an HCA Healthcare owned hospital, has been recognized with a Malcolm Baldrige National quality award which is the highest presidential honor for performance excellence.
• The major players operating in the market include Abbott, ADInstruments NZ Limited, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Medical Devices Business Services, Inc., Medtronic, MicroPort Scientific Corporation, Millar, Inc., Siemens Healthcare Private Limited, Transonic, Tyche MedTech, Inc., Vanguard AG, World Precision Instruments, Zeus Industrial Products, Inc. amongst others

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