Electrophysiology Devices Market Expected to Expand at a Steady 2021-2028 | GE Healthcare, Biotricity Inc., Medtronic Plc, VivaQuant

"Industry analysis is a crucial step in the current competitive market space that helps identify the right target customers and accordingly provide tailored solutions for their business needs. Every aspect and unique challenges put up by the particular industry are carefully taken into consideration while formulating these solutions. It also takes into consideration various government reforms, competitive environment, customer behavior, existing and upcoming business models, and ever-evolving technological developments. Industry analysis helps an organization formulate strategies and policies of a business."

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐂𝐨𝐯𝐢𝐝𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.coherentmarketinsights.com/insight/request-sample/1641

The electrophysiology devices consists of, electrocardiogram, Holter monitoring devices, diagnostic electrophysiology catheters, 3D mapping systems, x-ray systems, intracardiac echocardiography systems, pacemakers, implantable cardiac monitors, and others.

Statistics:

The global electrophysiology devices market was estimated to be valued at US$ 5,496.6 Mn by the end of 2019.

Global Electrophysiology Devices Market: Drivers

Rising investments in R&D for Holter monitoring devices are expected to drive the global electrophysiology devices market growth over the forecast period. For instance, Biotricity Inc., a company of medical diagnosis and customer healthcare technology, in December 2019, raised US$6 Mn for the U.S. Food and Drug Administration Filing for the patch solution in the first half of 2020 that will be an innovative product in the Holter monitoring field.

Global Electrophysiology Devices Market: Opportunities

Digital subscription service launches is expected to provide opportunities for lucrative growth opportunities for companies in the global electrophysiology devices market. For instance, AliveCor, in July 2020, released KardiaCare, the service of digital subscription that provides a range of features, helping users for interpreting their monitor risk factors, heart data, measure the lifestyle changes impact, and identify symptom triggers.

Global Electrophysiology Devices Market: Restraints

Strict approval processes from the regulatory bodies is expected to restrain the global electrophysiology devices market growth over the forecast period. Majority of the devices of electrophysiology are categorized into high risk class III by medical authorities the U.S. FDA (U.S.) and the CE (Europe). Since some of the devices including pacemakers and catheters are in close-contact with human body, which complicates the process of approval, making the process long and stringent.

Key Takeaways:

The global electrophysiology devices market in 2019 accounted for US$ 5,496.6 Mn and is projected to reach the value of US$ 14,173.5 Mn till 2027 at a 12.6% CAGR from 2020 to 2027. Rising investments in R&D for Holter monitoring devices are expected to drive the global electrophysiology devices market growth over the forecast period.

The segment of electrophysiology monitoring devices accounted for a dominant share in 2019, in the global electrophysiology devices market, valuing at 67.6% share, rising product launch and approvals is expected to propel growth of the segment over the forecast period

Market Trends

Key market players are focusing on launch and approvals of novel products for expanding their portfolio of product. For instance, the U.S.-based wearable technology developer, Shimmer, in November 2019, received the CE mark for ECGmd – its five-wire, four-lead Holter monitor ECG.

Major market players are also focusing on adopting strategies of partnership for enhancing their share in the global electrophysiology devices market. For instance, OMRON Healthcare, Co., Ltd. in April 2020, partnered with the AliveCor, Inc. for integrating ECG technology of AliveCor with the OMRON’s devices of blood pressure for remote monitoring non-invasive devices.

Global Electrophysiology Devices Market: Competitive Landscape

Key players functioning in the Global Electrophysiology Devices Market are, GE Healthcare, Medtronic Plc, Biotricity Inc., VivaQuant, AliveCor, Johnson & Johnson, Bittium Corporation, Shimmer, Nihon Kohden Corporation, OMRON Healthcare, Co., Ltd., Abbott Laboratories, VivaLNK, MicroPort, Boston Scientific Corp., Philips Healthcare, Siemens Healthcare, and others.

Global Electrophysiology Devices Market: Key Developments

Key market players are focusing on launch and approvals of novel products for expanding their portfolio of product. For instance, Medtronic Plc, in June 2020, received CE Mark from the European Union for the Micra AV pacemaker.

Major market players are also focusing on adopting strategies of partnership for enhancing their share in the global electrophysiology devices market. For instance, GE Healthcare, in December 2019, entered into a multi-year agreement along with Affidea B.V., the medical service provider, for deploying digital and imaging technologies around the Affidea network, including provision of 50 ultrasound devices, 60 new MRIs, 40 CT scanners as well as 30 X-rays machines in coming three years.

Segmentation

Global Electrophysiology Devices Market, By Product Type:

Electrophysiology Monitoring Devices

Electrocardiograph (ECG)

Electroencephalograph (EEG)

Electrocardiograph (ECoG)

Electromyography (EMG)

Electroretinograph (ERG)

Electrooculography (EOG)

Holter Monitoring Devices

X-Ray Systems

Combo systems - Imaging and 3D mapping systems

Diagnostic Electrophysiology Catheters

Electrophysiology Treatment Devices

Implantable Cardioveter Defibrillators (ICDs)

Pacemakers

Cardiac Resynchronization Therapy Devices (CRTs)

Catheters

Global Electrophysiology Devices Market, By Region:

North America

By Product Type:

Surgical Sutures

Absorbable Sutures

Non Absorbable Sutures

Hand Instruments

Electrosurgical Devices

By Country

U.S.

Canada

Latin America

By Product Type:

Electrophysiology Monitoring Devices

Electrocardiograph (ECG)

Electroencephalograph (EEG)

Electrocardiograph (ECoG)

Electromyography (EMG)

Electroretinograph (ERG)

Electrooculography (EOG)

Holter Monitoring Devices

X-Ray Systems

Combo systems - Imaging and 3D mapping systems

Diagnostic Electrophysiology Catheters

Electrophysiology Treatment Devices

Implantable Cardioveter Defibrillators (ICDs)

Pacemakers

Cardiac Resynchronization Therapy Devices (CRTs)

Catheters

By Country

Brazil

Mexico

Argentina

Rest of Latin America

Europe

By Product Type:

Electrophysiology Monitoring Devices

Electrocardiograph (ECG)

Electroencephalograph (EEG)

Electrocardiograph (ECoG)

Electromyography (EMG)

Electroretinograph (ERG)

Electrooculography (EOG)

Holter Monitoring Devices

X-Ray Systems

Combo systems - Imaging and 3D mapping systems

Diagnostic Electrophysiology Catheters

Electrophysiology Treatment Devices

Implantable Cardioveter Defibrillators (ICDs)

Pacemakers

Cardiac Resynchronization Therapy Devices (CRTs)

Catheters

By Country

U.K.

Germany

France

Spain

Italy

Russia

Rest of Europe

Asia Pacific

By Product Type:

Electrophysiology Monitoring Devices

Electrocardiograph (ECG)

Electroencephalograph (EEG)

Electrocardiograph (ECoG)

Electromyography (EMG)

Electroretinograph (ERG)

Electrooculography (EOG)

Holter Monitoring Devices

X-Ray Systems

Combo systems - Imaging and 3D mapping systems

Diagnostic Electrophysiology Catheters

Electrophysiology Treatment Devices

Implantable Cardioveter Defibrillators (ICDs)

Pacemakers

Cardiac Resynchronization Therapy Devices (CRTs)

Catheters

By Country

China

Japan

India

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

By Product Type:

Electrophysiology Monitoring Devices

Electrocardiograph (ECG)

Electroencephalograph (EEG)

Electrocardiograph (ECoG)

Electromyography (EMG)

Electroretinograph (ERG)

Electrooculography (EOG)

Holter Monitoring Devices

X-Ray Systems

Combo systems - Imaging and 3D mapping systems

Diagnostic Electrophysiology Catheters

Electrophysiology Treatment Devices

Implantable Cardioveter Defibrillators (ICDs)

Pacemakers

Cardiac Resynchronization Therapy Devices (CRTs)

Catheters

By Country

GCC Countries

Israel

Rest of Middle East

Africa

By Product Type:

Electrophysiology Monitoring Devices

Electrocardiograph (ECG)

Electroencephalograph (EEG)

Electrocardiograph (ECoG)

Electromyography (EMG)

Electroretinograph (ERG)

Electrooculography (EOG)

Holter Monitoring Devices

X-Ray Systems

Combo systems - Imaging and 3D mapping systems

Diagnostic Electrophysiology Catheters

Electrophysiology Treatment Devices

Implantable Cardioveter Defibrillators (ICDs)

Pacemakers

Cardiac Resynchronization Therapy Devices (CRTs)

Catheters

By Country

North Africa

Central Africa

South Africa

𝐆𝐞𝐭 𝐀𝐜𝐜𝐞𝐬𝐬 𝐎𝐟 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐇𝐞𝐫𝐞: https://www.coherentmarketinsights.com/insight/buy-now/1641

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

This release was published on openPR.