At 8.4% CAGR, Electrophysiology Catheter Market to Garner US$ 7,288.50 million by 2030 | Stryker Corporation, Medtronic, Transonic Systems Inc., CathRx Ltd, APT MEDICAL INC

The Electrophysiology Catheter Market is expected to reach US$ 7,288.50 million by 2030 from US$ 4,133.18 million in 2022; it is expected to grow at a CAGR of +8% from 2023 to 2030. The report highlights trends prevailing in the market and factors driving its growth.

Persistent improvement in medical science and continuous technological advancements resulted in extending longevity and improved quality of life. Developments, such as introducing three-dimensional (3D) EAM systems, have a long-lasting influence on catheter visualization, arrhythmia mapping, and reducing and eliminating fluoroscopy/radiation exposure in cardiac electrophysiology. The Frontiers S.A. report states that in addition to the continuous improvement in existing mapping systems, the global market is significantly driven by the launch of several new tools over the last few years. This new product is the world's only integrated high-resolution ultrasound-based imaging and non-contact mapping catheter capable of capturing cardiac imaging information leading to an upward thrust in the market's growth.

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Leading players formulating the competitive landscape of the global Electrophysiology Catheter market are:
St. Jude Medical (Abbott), Boston Scientific Corporation, Stryker Corporation, Medtronic, Transonic Systems Inc., CathRx Ltd, APT MEDICAL INC., MicroPort Scientific Corporation, Biosense Webster (Johnson and Johnson Services, Inc.), and Biotronik, Inc. are among the leading companies in the electrophysiology catheter market.

On the basis of geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East and Africa (the UAE, Saudi Arabia, South Africa, and Rest of the Middle East and Africa), and South and Central America (Brazil, Argentina, and the Rest of South and Central America).

Market players operating in the electrophysiology catheter market also adopt organic strategies such as product launch and expansion to outstretch their footprint and product portfolio worldwide and meet the growing demand.

By Product Type
• Electrophysiology Diagnostic Catheters
• Conventional Electrophysiology Diagnostic Catheters
• Advanced Electrophysiology Diagnostic Catheters
• Ultrasound Electrophysiology Diagnostic Catheters
• Electrophysiology Ablation Catheters
• Cryoablation Electrophysiology Catheters
• Radiofrequency Ablation Catheters
• Microwave Ablation Systems
• Laser Ablation Systems
By Application
• Diagnosis and Monitoring
• Treatment of Cardiac Arrhythmias
• Imaging and Mapping
By End User
• Hospitals
• Ambulatory Surgical Centers
• Cardiac Catheterization Labs

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