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Global Electrophysiology Devices And Equipment Market 2023 Share, Key Drivers, Top Companies And Forecast To 2032 | Boston Scientific Corporation, Abbott Laboratories, GE Healthcare, Philips Healthcare, Biotronik SE & Co
Electrophysiology Devices And Equipment Market
The Business Research Company's Electrophysiology Devices And Equipment Global Market Report 2024 identifies Elevated Prevalence Of Cardiovascular Diseases as the major driver for the Electrophysiology Devices And Equipment Market's growth in the forecast period. An increase in the prevalence rate of cardiovascular diseases (CVD) forms one of the major drivers for the industries operating in the electrophysiology devices and equipment market. CVD cases remain the leading cause of death across the globe, which increases the demand for a quick and effective treatment of the disease, thus increasing the demand for electrophysiology devices.
The electrophysiology devices and equipment market size has grown rapidly in recent years. It will grow from $6.1 billion in 2023 to $6.74 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to cardiac arrhythmias prevalence, aging population, minimally invasive procedures, clinical guidelines and research.
The electrophysiology devices and equipment market size is expected to see strong growth in the next few years. It will grow to $9.66 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to personalized medicine, telehealth integration, global access to healthcare, electrophysiology devices in heart failure management. Major trends in the forecast period include 4d mapping and visualization, remote ablation procedures, hybrid procedures, leadless cardiac pacing.
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Major competitors in the Electrophysiology Devices And Equipment Market are Boston Scientific Corporation, Abbott Laboratories, GE Healthcare, Philips Healthcare, Biotronik SE & Co. KG, Medtronic PLC, Biosense Webster Inc., Microport Scientific Corporation, Japan Lifeline Co., C.R. Bard, Mennen Medical Ltd., Harvard Bioscience Inc., HeNan HuaNan Medical Science and Technology Co. LTD., Nihon Kohden Corporation, Alere Inc., MedRobotics, Interface Biologics Inc., Meridian Health System Inc., Cardiva Medical Inc., Lombard Medical Technologies, Deltex Medical Group, Biotelemetry, Bioheart Inc., Asahi Intecc Co. Ltd., Siemens Healthineers, Lepu Medical Technology (Beijing) Co. Ltd., Acutus Medical Inc., Imricor Medical Systems, Johnson & Johnson.
A key trend in the Electrophysiology Devices And Equipment Market includes Innovative Advancements. Major companies operating in the electrophysiology devices and equipment markets are innovating new devices and equipment with the use of innovative technology, such as mapping catheter with TRUEref Technology, to sustain their position in the market. A mapping catheter is a medical device used in electrophysiology, particularly during cardiac procedures. For instance, in September 2022, Biosense Webster, Inc., a US-based company that provides heart rhythm abnormality diagnosis and treatment, launched the OCTARAY Mapping Catheter with TRUEref Technology. This system offers improved performance and accuracy compared to previous mapping catheters, making it a valuable tool for physicians in the diagnosis and treatment of arrhythmias. The OCTARAY Mapping Catheter has six electrodes per spline rotating, which allows for even greater precision and detail when mapping arrhythmias in any chamber.
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The Electrophysiology Devices And Equipment Market is segmented -
1) By Product Type: Electrophysiology Ablation Catheters, Electrophysiology Diagnostic Catheters, Electrophysiology Lab Systems
2) By Monitoring Device Type: Electrocardiograph (ECG), Electroencephalograph (EEG), Electrocorticograph (ECoG), Electromyograph (EMG), Electroretinograph (ERG), Electrooculograph (EOG), Holter Monitoring Devices, X-Ray Systems, Imaging and 3D Mapping Systems, Diagnostic Electrophysiology Catheters
3) By Indication Analysis: Atrioventricular Nodal Reentry Tachycardia (AVNRT), Wolff-Parkinson-White Syndrome (WPW), Atrial Flutter, Atrial Fibrillation
4) By End-Users: Hospitals, Diagnostic centers, Clinics
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Electrophysiology Devices And Equipment Market.
The Business Research Company's "Global Electrophysiology Devices And Equipment Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electrophysiology Devices And Equipment Market Include:
1. Executive Summary
2. Electrophysiology Devices And Equipment Market Characteristics
3. Electrophysiology Devices And Equipment Market Trends And Strategies
4. Electrophysiology Devices And Equipment Market - Macro Economic Scenario
5. Global Electrophysiology Devices And Equipment Market Size and Growth
……
31. Global Electrophysiology Devices And Equipment Market Competitive Benchmarking
32. Global Electrophysiology Devices And Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Electrophysiology Devices And Equipment Market
34. Electrophysiology Devices And Equipment Market Future Outlook and Potential Analysis
35. Appendix
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The study aids in the evaluation of aberrant heartbeats and the examination of electrical impulses in the heart. The ability to target the regions of the heart that cause atrial fibrillation has improved because of substantial advancements in EP technology. Other cardiac arrhythmias, such as atrial flutter, Wolff-Parkinson-White Syndrome (WPW), atrioventricular nodal reentry tachycardia (AVNRT), and others, have benefited from the advancements in technology.
Global Electrophysiology market was valued at $5.69…
