Electrophysiology Devices And Equipment Market Growth, Size, Key Drivers, Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Electrophysiology Devices And Equipment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $9.66 billion In 2028 At A CAGR Of 9.4% :

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.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=2400&type=smp

Electrophysiology Devices And Equipment Market Major Segments
The electrophysiology devices and equipment market covered in this report 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

Key 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.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=2400&type=smp

Prominent 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.

Electrophysiology Devices And Equipment Market Players
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

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/electrophysiology-devices-and-equipment-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the global electrophysiology devices and equipment market in 2023. Western Europe was the second-largest region in the global electrophysiology devices and equipment market. The regions covered in the electrophysiology devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Electrophysiology Devices And Equipment Market Report Structure
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

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.