United States Electrophysiology Devices Market 2025 | Growth Drivers, Trends & Market Forecast, Competitive Landscape & Investment Opportunities

Market Size and Growth

The global electrophysiology devices market reached US$ 8.25 billion in 2023 and is expected to reach US$ 25.91 billion by 2031, growing at a CAGR of 15.7% during the forecast period 2024-2031.

Key Development:

United States: Recent Industry Developments

✅ In August 2025, LKC Technologies announced that its RETeval® DR Score has been identified as the strongest predictor of diabetic retinopathy progression. This advancement underscores the growing reliance on ERG for early detection and management of retinal diseases.

✅ In March 2025, the American Academy of Ophthalmology included electroretinography in its updated Preferred Practice Pattern® Guidelines for Diabetic Retinopathy. This inclusion highlights ERG's critical role in diagnosing and managing diabetic retinopathy.

Japan: Recent Industry Developments

✅ In August 2025, researchers employed artificial intelligence to generate synthetic light-adapted electroretinogram waveforms, enhancing the classification of retinal conditions in under-represented populations, marking a significant step in personalized retinal diagnostics.

✅ In July 2025, a study published in Scientific Reports utilized electroretinography to assess retinal function in New Zealand White and Dutch-belted rabbits, providing insights into the temporal dynamics of ERG signals in these models.

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Electrophysiology devices are medical instruments used to diagnose and treat electrical activity disorders of the heart. They include catheters, mapping systems, and ablation tools that help detect arrhythmias and guide targeted therapies for cardiac rhythm management.

Recent merger and acquisition:

United States: Recent M&A Developments

✅ In September 2025, OpZira Inc. was officially formed following Alcon's acquisition of LumiThera. This strategic move resulted in the spin-off of LumiThera's diagnostic product lines to its shareholders, leading to the establishment of OpZira, Inc., which now offers products like the AdaptDx Pro and the NOVA Vision Testing System.

Japan: Recent M&A Developments

✅ In June 2025, Kiora Pharmaceuticals granted Senju Pharmaceutical an exclusive option to exercise rights to an exclusive development and commercialization agreement for KIO-301 for the treatment of ophthalmic diseases. Areas covered by the agreement include key Asian marketplaces, including Japan and China.

✅ In May 2025, a total of 9 acquisitions were registered in Japan, indicating a significant level of M&A activity within the country during this period.

Key Players:

=> Medtronic plc, MicroPort Scientific Corporation, Abbott Laboratories, Biotronik SE & Co. KG, GE HealthCare, ATL Technology, Biosense Webster, Inc., Siemens Healthineers AG, Koninklijke Philips N.V. and Boston Scientific Corporation among others.

Growth Forecast Projected:

The Global Electrophysiology devices Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Electrophysiology devices Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Product Type: Electrophysiology Ablation Catheters, Electrophysiology Diagnostic Catheters, Electrophysiology Laboratory Devices, Accessories and Consumables, Others

➥ By Application: Atrial Fibrillation Ablation, Ventricular Tachycardia Ablation, Atrial Flutter Ablation, Cardiac Resynchronization Therapy, Implantable Cardioverter Defibrillator, Others

➥ By End-User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Laboratories, Others

Regional Analysis for Electrophysiology devices Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Electrophysiology devices producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Electrophysiology devices revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Electrophysiology devices Market?

A: In 2023, the Electrophysiology devices Market was valued at US$ 8.25 billion , reflecting its strong industry presence.

Q2: How large is the Electrophysiology devices Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Electrophysiology devices Market will grow to around US$ 25.91 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Electrophysiology devices Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 15.7% during the forecast period from 2024 to 2031.

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