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Pulished Date February, 2020
ID: 3801
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Global Electrophysiology Market Size, Share, Trends and Growth Analysis Report – Segmented By Product (Electrophysiology Ablation Catheters, Electrophysiology Diagnostic Catheters, Electrophysiology Laboratory Devices & Access Devices), By Indication and Region - Industry Forecast | 2019 to 2024

Pulished: February, 2020
ID: 3801
Pages: 175

Electrophysiology Market Size & Growth (2019 to 2024)

The size of the global electrophysiology market was worth USD 7.49 billion in 2019. A CAGR of 9.79% is estimated to witness from 2019 to 2024 and will reach USD 11.95 billion by 2024.

Electrophysiology is a branch of science which helps in the assessment of electrical impulses in the human body and to evaluate abnormal heartbeats. This technology made doctors ease to effectively identify troublesome material with the help of 3d mapping and location. There is a growing risk of various rhythm disorders which include unhealthy eating habits, smoking, alcoholism and a few others.

MARKET DRIVERS

The increasing pervasiveness of diseases like heart arrhythmias, ophthalmic issues and epilepsy in recent times is a significant driver for the global electrophysiology market growth. These diseases require electrophysiology checking for their analysis and treatment. Moreover, an increased aged population is likewise contributing to the development of electrophysiology. Introduction of cutting edge innovations such as laser ablation and advanced mapping technologies would boost the demand in the forecast period.

The increasing prevalence of cardiac arrhythmias in patients worldwide will provide remunerative opportunities for the growth of the global market. Atrial fibrillation is a form of arrhythmia which is commonly diagnosed as a form of abnormal cardiac rhythm. Electrophysiology helps patients detect and treat arrhythmias of the heart. It is also expected that the introduction of new and innovative technologies such as cryoablation, laser ablation, ultrasound ablation, and advanced mapping would fuel the demand of the Electrophysiology market over the forecast period.

MARKET RESTRAINTS

The global electrophysiology market is extremely competitive in terms of pricing compared to the other players. Mostly all of these products are premium priced. Availability of alternate therapies would impact negatively on the growth of the market. And also the lack of skilled physiologists is acting as a major restraint for the electrophysiology market.               

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 to 2024

Base Year

2018

Forecast Period

2019 to 2024

Segments Analysed

By Product, Indication and Region

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Various Analyses Analysed

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

 

This research report on the Global Electrophysiology Market has been segmented and sub-segmented based on the product, indication and region.

Electrophysiology Market – By Product:                       

  • Electrophysiology Diagnostic Catheters      
    • Advanced Electrophysiology Diagnostic Catheters
    • Conventional Electrophysiology Diagnostic Catheters
    • Ultrasound Electrophysiology Diagnostic Catheters
  • Electrophysiology Ablation Catheters          
    • Radiofrequency (RF) Ablation Catheters
    • Cryoablation Electrophysiology Catheters
    • Laser Ablation Systems
    • Microwave Ablation Systems
    • Navigational Advanced Mapping Accessories
  • Electrophysiology Laboratory Devices         
    • Electrophysiology Recording Systems
    • 3D Mapping Systems
    • Radiofrequency (RF) Ablation Generators
    • Electrophysiology X-Ray Systems
    • Intracardiac Echocardiography (ICE) Systems
    • Electrophysiology Remote Steering Systems
  • Access Devices

Based on the product, the Electrophysiology Ablation Catheters segment is anticipated to account for the largest share of the market in the product type. Ablation catheters are effective in eliminating anomalous tissues of the heart that can result in irregular heartbeats. Such machines work based on ablation, a minimally invasive technique that uses catheters to destroy the heart's damaged electrical pathways.

Ablation is a minimally invasive procedure which helps in destroying the abnormal heart tissues that cause irregular heart rhythms. Radiofrequency, microwave ablation and laser are also the part of ablation catheters. It is a safe procedure with less risk associated with treating the abnormal cardiac tissue in cases. Ablation catheters are the most widely used devices and expected to register the significant market share with advancements in technology.  It accounted for the substantial market size in 2019 of the total electrophysiology market. Collectively, diagnostic catheters also emerged as the largest segment in ep. The increased use of this device in the introduction of portable and digital systems.

Electrophysiology Market – By Indication:                   

  • Atrial Flutter           
  • Atrial Fibrillation   
  • Wolff-Parkinson-White Syndrome
  • Atrioventricular Nodal Re-entry Tachycardia           
  • Other Indications

Based on indication, the segment of Atrial Fibrillation has been leading the market. It is expected to show the highest revenue growth during the forecast period as Atrial fibrillation monitoring requires enhanced diagnostic technology to help overcome the limitations imposed by conventional techniques.

The atrial fibrillation segment accounted for the larger share in 2019. The developing number of ablation systems identified with atrial fibrillation, fast development in the aging population across the globe, expanding pervasiveness of atrial fibrillation, and the improvement of cutting edge electrophysiology items for early conclusion of atrial fibrillation are required to drive the development of this market fragment in the coming years.

Electrophysiology Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Geographically, the North American dominates the global electrophysiology market, and it is anticipated that the region will maintain its stronghold for a few more years. Due to the existence of well-established health care facilities and the rising cases of arrhythmia, strokes, and heart failure, this region is expected to increase its market share in the future. North America accounts for the significant share in this market due to an increase in the incidence of cardiovascular diseases and large clinical trials validating electrophysiology devices. Heart arrhythmias cause about 40000 deaths per year in Canada. And the key players of the market are also driving the growth in the region. 

The next in the lead is the Asia Pacific, followed by Europe. In terms of unmet medical needs and rapidly increasing targeted disease occurrence levels, the Asia Pacific Electrophysiology market has a significant presence of untapped opportunities. It is expected that improving healthcare infrastructure, increasing patient awareness, and increasing regional healthcare expenditure will help the market to grow in the region. In Asia, especially China, Japan and India, it is expected to witness excess growth in the forthcoming years. Lifestyle changes, eating habits and increasing stress, smoking and drinking have resulted in growing health-related issues. Less government intervention is helping the demand for electrophysiology devices in the region.

Key market participants leading the global electrophysiology market profiled in this report are Boston Scientific Corporation (U.S.), GE Healthcare, Abbott Laboratories (U.S.), Biosense Webster, Inc. (U.S.), Microport Scientific Corporation (China), St. Jude Medical, Inc. (U.S.), BIOTRONIK SE & Co. KG (Germany), Koninklijke Philips N.V. (The Netherlands), Medtronic, Inc. (U.S.) and Siemens AG (Germany).

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product                        

                                5.1.1 Electrophysiology Diagnostic Catheters      

                                                5.1.1.1 into Advanced Electrophysiology Diagnostic Catheters

                                                5.1.1.2 Conventional Electrophysiology Diagnostic Catheters

                                                5.1.1.3 Ultrasound Electrophysiology Diagnostic Catheters

                                5.1.2 Electrophysiology Ablation Catheters          

                                                5.1.2.1 Radiofrequency (RF) Ablation Catheters

                                                5.1.2.2 Cryoablation Electrophysiology Catheters

                                                5.1.2.3 Laser Ablation Systems

                                                5.1.2.4 Microwave Ablation Systems

                                                5.1.2.5 Navigational Advanced Mapping Accessories

                                5.1.3 Electrophysiology Laboratory Devices         

                                                5.1.3.1 Electrophysiology Recording Systems

                                                5.1.3.2 3D Mapping Systems

                                                5.1.3.3 Radiofrequency (RF) Ablation Generators

                                                5.1.3.4 Electrophysiology X-Ray Systems

                                                5.1.3.5 Intracardiac Echocardiography (ICE) Systems

                                                5.1.3.6 Electrophysiology Remote Steering Systems

                                5.1.4 Access Devices      

                                5.1.5  Y-o-Y Growth Analysis, By Product              

                                5.1.6  Market Attractiveness Analysis, By Product            

                                5.1.7  Market Share Analysis, By Product              

                5.2 Indication                    

                                5.2.1 Atrial Flutter           

                                5.2.2 Atrial Fibrillation    

                                5.2.3 Wolff-Parkinson-White Syndrome

                                5.2.4 Atrioventricular Nodal Re-entry Tachycardia            

                                5.2.5 Other Indications 

                                5.2.6 Y-o-Y Growth Analysis, By Indication           

                                5.2.7 Market Attractiveness Analysis, By Indication         

                                5.2.8 Market Share Analysis, By Indication           

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Product

                                                6.1.3.2 By Indication

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Product

                                                6.1.4.2 By Indication

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Product

                                                6.1.5.2 By Indication

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Boston Scientific Corporation                             

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 GE Healthcare                           

                8.3 Abbott Laboratories                               

                8.4 Biosense Webster, Inc.                         

                8.5 Microport Scientific Corporation                       

                8.6 St. Jude Medical, Inc.                             

                8.7 BIOTRONIK SE & Co. KG                        

                8.8 Koninklijke Philips N.V.                          

                8.9 Medtronic, Inc.                         

                8.10 Siemens AG                             

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Product and Indication along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Electrophysiology Market By Region, From 2019-2024 ( USD Billion )
  2. Global Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  3. Global Electrophysiology Ablation Catheters Market By Region, From 2019-2024 ( USD Billion )
  4. Global Electrophysiology Diagnostic Catheters Market By Region, From 2019-2024 ( USD Billion )
  5. Global Electrophysiology Laboratory Devices  Market By Region, From 2019-2024 ( USD Billion )
  6. Global Access Devices Market By Region, From 2019-2024 ( USD Billion )
  7. Global Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  8. Global Atrial Flutter Market By Region, From 2019-2024 ( USD Billion )
  9. Global Atrial Fibrillation Market By Region, From 2019-2024 ( USD Billion )
  10. Global Wolff-Parkinson-White Syndrome Market By Region, From 2019-2024 ( USD Billion )
  11. Global Atrioventricular Nodal Re-entry Tachycardia Market By Region, From 2019-2024 ( USD Billion )
  12. Global Other Indications Market By Region, From 2019-2024 ( USD Billion )
  13. North America Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  14. North America Electrophysiology Ablation Catheters Market By Region, From 2019-2024 ( USD Billion )
  15. North America Electrophysiology Diagnostic Catheters Market By Region, From 2019-2024 ( USD Billion )
  16. North America Electrophysiology Laboratory Devices  Market By Region, From 2019-2024 ( USD Billion )
  17. North America Access Devices Market By Region, From 2019-2024 ( USD Billion )
  18. North America Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  19. North America Atrial Flutter Market By Region, From 2019-2024 ( USD Billion )
  20. North America Atrial Fibrillation Market By Region, From 2019-2024 ( USD Billion )
  21. North America Wolff-Parkinson-White Syndrome Market By Region, From 2019-2024 ( USD Billion )
  22. North America Atrioventricular Nodal Re-entry Tachycardia Market By Region, From 2019-2024 ( USD Billion )
  23. North America Other Indications Market By Region, From 2019-2024 ( USD Billion )
  24. United States Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  25. United States Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  26. Canada Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  27. Canada Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  28. Europe Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  29. Europe Electrophysiology Ablation Catheters Market By Region, From 2019-2024 ( USD Billion )
  30. Europe Electrophysiology Diagnostic Catheters Market By Region, From 2019-2024 ( USD Billion )
  31. Europe Electrophysiology Laboratory Devices  Market By Region, From 2019-2024 ( USD Billion )
  32. Europe Access Devices Market By Region, From 2019-2024 ( USD Billion )
  33. Europe Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  34. Europe Atrial Flutter Market By Region, From 2019-2024 ( USD Billion )
  35. Europe Atrial Fibrillation Market By Region, From 2019-2024 ( USD Billion )
  36. Europe Wolff-Parkinson-White Syndrome Market By Region, From 2019-2024 ( USD Billion )
  37. Europe Atrioventricular Nodal Re-entry Tachycardia Market By Region, From 2019-2024 ( USD Billion )
  38. Europe Other Indications Market By Region, From 2019-2024 ( USD Billion )
  39. U.K. Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  40. U.K. Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  41. Germany Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  42. Germany Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  43. France Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  44. France Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  45. Italy Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  46. Italy Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  47. Spain Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  48. Spain Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  49. Asia Pacific Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  50. Asia Pacific Electrophysiology Ablation Catheters Market By Region, From 2019-2024 ( USD Billion )
  51. Asia Pacific Electrophysiology Diagnostic Catheters Market By Region, From 2019-2024 ( USD Billion )
  52. Asia Pacific Electrophysiology Laboratory Devices  Market By Region, From 2019-2024 ( USD Billion )
  53. Asia Pacific Access Devices Market By Region, From 2019-2024 ( USD Billion )
  54. Asia Pacific Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  55. Asia Pacific Atrial Flutter Market By Region, From 2019-2024 ( USD Billion )
  56. Asia Pacific Atrial Fibrillation Market By Region, From 2019-2024 ( USD Billion )
  57. Asia Pacific Wolff-Parkinson-White Syndrome Market By Region, From 2019-2024 ( USD Billion )
  58. Asia Pacific Atrioventricular Nodal Re-entry Tachycardia Market By Region, From 2019-2024 ( USD Billion )
  59. Asia Pacific Other Indications Market By Region, From 2019-2024 ( USD Billion )
  60. Japan Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  61. Japan Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  62. China Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  63. China Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  64. India Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  65. India Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  66. Australia Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  67. Australia Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  68. South Korea Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  69. South Korea Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  70. Latin America Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  71. Latin America Electrophysiology Ablation Catheters Market By Region, From 2019-2024 ( USD Billion )
  72. Latin America Electrophysiology Diagnostic Catheters Market By Region, From 2019-2024 ( USD Billion )
  73. Latin America Electrophysiology Laboratory Devices  Market By Region, From 2019-2024 ( USD Billion )
  74. Latin America Access Devices Market By Region, From 2019-2024 ( USD Billion )
  75. Latin America Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  76. Latin America Atrial Flutter Market By Region, From 2019-2024 ( USD Billion )
  77. Latin America Atrial Fibrillation Market By Region, From 2019-2024 ( USD Billion )
  78. Latin America Wolff-Parkinson-White Syndrome Market By Region, From 2019-2024 ( USD Billion )
  79. Latin America Atrioventricular Nodal Re-entry Tachycardia Market By Region, From 2019-2024 ( USD Billion )
  80. Latin America Other Indications Market By Region, From 2019-2024 ( USD Billion )
  81. Brazil Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  82. Brazil Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  83. Argentina Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  84. Argentina Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  85. Mexico Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  86. Mexico Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  87. Rest of Latin America Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  88. Rest of Latin America Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  89. Middle East and Africa Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  90. Middle East and Africa Electrophysiology Ablation Catheters Market By Region, From 2019-2024 ( USD Billion )
  91. Middle East and Africa Electrophysiology Diagnostic Catheters Market By Region, From 2019-2024 ( USD Billion )
  92. Middle East and Africa Electrophysiology Laboratory Devices  Market By Region, From 2019-2024 ( USD Billion )
  93. Middle East and Africa Access Devices Market By Region, From 2019-2024 ( USD Billion )
  94. Middle East and Africa Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  95. Middle East and Africa Atrial Flutter Market By Region, From 2019-2024 ( USD Billion )
  96. Middle East and Africa Atrial Fibrillation Market By Region, From 2019-2024 ( USD Billion )
  97. Middle East and Africa Wolff-Parkinson-White Syndrome Market By Region, From 2019-2024 ( USD Billion )
  98. Middle East and Africa Atrioventricular Nodal Re-entry Tachycardia Market By Region, From 2019-2024 ( USD Billion )
  99. Middle East and Africa Other Indications Market By Region, From 2019-2024 ( USD Billion )
  100. Middle East Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  101. Middle East Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )
  102. Africa Electrophysiology Market By Product , From 2019-2024 ( USD Billion )
  103. Africa Electrophysiology Market By Indication , From 2019-2024 ( USD Billion )

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