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Electrophysiology Market Business Strategies, and Regional Outlook
Furthermore, in 2021, laboratory devices accounted for a 31.4% share of the electrophysiology market. This was due to the growing public and private funding for the development of new electrophysiology recording systems in both developed and developing countries. Moreover, the market for RF ablation treatments is growing because of the rising frequency of these treatments, their cost-effectiveness when compared to other ablation methods, and the easy accessibility of laboratory devices.
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Geographical Analysis of Electrophysiology Market
The APAC electrophysiology market is expected to advance at an 11.0% CAGR during the forecast period. China has the largest share in the APAC region owing to the rising heart disease, obesity, stress, and other chronic disease prevalence, as a result of the changing lifestyles and eating habits and growing trend of drinking and smoking.
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In 2021, North America dominated the market, and it is predicted to remain dominant in the future. This is because of the surging count of approvals for electrophysiology devices, increasing cases of cardiac arrhythmias, rising demand for cardiac ablation procedures, and existence of major companies in the region.
Depending on how they are used to treat cardiac arrhythmias, new electrophysiological devices could have better success rates. Treatment options for cardiac arrhythmias have altered as a result of the technological advancements, thus decreasing the incidence of adverse cardiac events. Improvements in electrophysiology include irrigation RF ablation catheters and improved cryoablation procedures.
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