Electrophysiology Devices And Equipment Market Outlook 2024: Exclusive Report By The Business Research Company

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Electrophysiology Devices And Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
The main product types in the electrophysiology devices and equipment are electrophysiology ablation catheters, electrophysiology diagnostic catheters, and electrophysiology lab systems. Electrophysiology ablation catheters measure the electrical activity of the heart and diagnose abnormal heart rhythm. The various monitoring devices involved are electrocardiograph (ECG), electroencephalograph (EEG), electrocorticography (ECoG), electromyography (EMG), electroretinographic (ERG), electrooculography (EOG), Holter monitoring devices, X-ray systems, imaging and 3D mapping systems, and diagnostic electrophysiology catheters that are used in indication analysis of atrioventricular nodal reentry tachycardia (AVERT), Wolff-Parkinson-white syndrome (WPW), atrial flutter, and atrial fibrillation. The various end-users of electrophysiology devices and equipment are used in hospitals, diagnostic centers, and clinics.

Major Driver - Elevated Prevalence Of Cardiovascular Diseases Driving Growth In Electrophysiology Devices Market
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. For instance, in March 2022, according to the Office for National Statistics, there were 20,061 deaths attributed to heart attacks, marking an increase from the 19,440 recorded in 2020. Furthermore, in May 2023, according to the Centers for Disease Control and Prevention (CDC), a US-based government agency, in the US, approximately 1 in 20 adults aged 20 and older were afflicted by cardiovascular diseases. In 2021, a total of 695,000 individuals were living with cardiovascular diseases, and tragically, 375,476 people succumbed to these conditions in the same year.

Competitive Landscape:
Major companies operating in the electrophysiology devices and equipment market include 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

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Top Trend - Regulatory Landscape And Market Implications Of Electrophysiology Device Reuse
The Reuse of a single-use device (SUD) is permitted by The Medicines and Healthcare Products Regulatory Agency (MHRA) may impact the electrophysiology devices and equipment market growth as few of the products within the market may be reused. The MHRA allows the reuse of electrophysiology catheters, however, the device should be adherent to the medical devices directive and should have a CE mark. The reuse or reprocessing of electrophysiology catheters by electrophysiology (EP) laboratories in the US helps in reducing the costs of these devices and lessening the environmental burden of the discarded bio-waste materials. As there is no clear regulation on reuse in developing nations such as Africa., Asia, Eastern Europe, Central America, and South America, the electrophysiology devices and equipment market may face a few challenges.

The Table Of Content For The Market Report 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. Electrophysiology Devices And Equipment Market Size And Growth
…..
27. Electrophysiology Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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