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Electrophysiology Market Rising at 10.5% CAGR During 2017-2024: Analysis of Key Players like (Boston Scientific Corporation, Medtronic, Koninklijke Philips N.V., Siemens AG), Trends & Drivers
Press release from: Data Bridge Market Research
Global Electrophysiology Market Devices (Electrophysiology Diagnostic Catheters, Electrophysiology Laboratory Devices, Electrophysiology Ablation Catheters), Indication (Atrial Fibrillation, Atrial Flutter, Atrioventricular Nodal Reentry Tachycardia, Wolff-Parkinson-White Syndrome, Others), End-Users (Hospitals, Emergency Clinics, Cardiac Centers, Diagnostic Centers, Home Healthcare Providers), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The Global Electrophysiology Market accounted to USD 3.90 billion in 2016 growing at a CAGR of 10.5% during the forecast period of 2017 to 2024.
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Major Market Competitors
Some of the major players operating in global electrophysiology market are :-
• Abbott Laboratories,
• Boston Scientific Corporation,
• Koninklijke Philips N.V.,
• Siemens AG,
• Johnson & Johnson Services, Inc.,
• Microport Scientific Corporation,
• Sorin Group,
• C. R. Bard, Inc.,
• Mogul Enterprises, Inc.,
• CathEffects Inc.,
• B. Braun Melsungen AG,
• Biotronik Se & Co.Kg,
• AtriCure, Inc.,
• General Electric,
• TZ Medical, Inc.,
• Advanced Cardiac Therapeutics,
• Catheter & Medical Design, Inc.,
• Japan Lifeline Co., Ltd.,
• Melys AFSM Ltd.,
• ARGON MEDICAL,
• OSYPKA AG,
• Medline Industries, Inc.,
• Pioneer Medical Devices,
• VascoMed GmbH,
• Oscor Inc.,
• Neomed Management AS,
• MedWOW Global
• among others.
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Major Market Drivers and Restraints:
• Developing Occurrence of Atrial Fibrillation
• Growing Healthcare Spending
• Developing Markets
• Disapproving Healthcare Reforms in the U.S.
• Absence of Expert and Experienced Electrophysiologists in Emerging Nations
• Regular Product Recalls
By devices:- Electrophysiology diagnostic catheters, electrophysiology laboratory devices and electrophysiology ablation catheters.
Electrophysiology diagnostic catheter segment is further sub-segmented into advanced electrophysiology diagnostic catheters (loop and other), conventional electrophysiology diagnostic catheters (fixed and steerable), and ultrasound electrophysiology diagnostic catheters.
Electrophysiology laboratory device segment is again sub-segmented into 3D mapping systems, X-Ray systems, intracardiac echocardiography systems, electrophysiology recording systems, remote steering systems and RF ablation generators.
Electrophysiology ablation catheters are again sub-segmented into cryoablation electrophysiology catheters, laser ablation systems, radiofequency (RF) electrophysiology ablation catheters (conventional and irrigated-tip), navigational advanced mapping accessories and microwave ablation.
On the basis of indication:- Atrial flutter, atrioventricular nodal reentry tachycardia, atrial fibrillation, Wolff-Parkinson-White syndrome, and others.
On the basis of end-user:- Hospitals, emergency clinics, cardiac centers, diagnostic centers, and home healthcare providers.
On the basis of geography:-
• North America & South America,
• Middle East & Africa.
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