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North America Electrophysiology Market Research Report - Segmented By Product, Indication and Country (the United States, Canada and Rest of North America) - Industry Analysis, Size, Share, Trends and Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 3802
Pages: 137

North America Electrophysiology Market Size (2022 to 2027)

The size of the Electrophysiology Market in North America is predicted to worth USD 3.13 billion in 2022. This figure is estimated to be growing at a CAGR of 9.66%, to reach USD 4.96 billion by 2027. North America is estimated to rule the global electrophysiology market during the forecast period.

Rapid growth in the increase in the geriatric population, technological advancements, the presence of well-organized healthcare amenities, and the growing number of arrhythmia and heart failure cases increase the need for Electrophysiology Market in North America. It is reported that nearly 92.1 million American adults are suffering from some heart diseases and the effects after stroke, according to the American Heart Association Research Report 2017.

Additionally, the existence of key players in this region, the growing number of heart failures, and being electrophysiology devices are the most important application in identifying the heart failure rate is significantly contributing to the growth of the market in this region. High-stress levels in patients with cardiovascular diseases and the growing number of clinical trials supporting the electrophysiology devices are other factors favoring the market growth.

Lack of motion amidst most established electrophysiologists and the scarcity of skilled professionals in the electrophysiology medical field are significant challenges to the market. Moreover, the cost of the electrophysiology products and insufficient reimbursement scenario and the availability of alternative technologies are further obstructing the growth of the market to a small extent.

This research report on the North America Electrophysiology Market has been segmented and sub-segmented into the following categories:

  • By Product: Electrophysiology Ablation Catheters, Electrophysiology Diagnostic Catheters, Electrophysiology Laboratory Devices, and Access Devices
  • By Indication: Atrial Flutter, Atrial Fibrillation, Wolff-Parkinson-White Syndrome, Atrioventricular Nodal Re-entry Tachycardia and Other Indications
  • By Country: The United States, Canada, and Rest of North America

North America region has the largest market for electrophysiology in the world. In the North America region, the United States has the largest share. Factors such as the rising geriatric population and advancements in technology are expected to propel the regional market growth.  

The Electrophysiology market in the United States leads the North American market with the highest share due to the advanced technologies and increase in the necessity for catheter ablation procedures. According to the Centers for Disease Control and Prevention, the Y-O-Y growth rate of atrial fibrillation is anticipated to increase to 12.1 million by 2030. An increasing number of obese people, adoption of spree eating habits, and lack of physical activity contribute to CVD’s like irregular heart rhythm.

The Canadian market is the second leading market in North America and is considered to have rapid growth. Nearly 1-2% of the amount spent on healthcare which fuels the market. New vital players' entry into the market, increasing funds, and investments for electrophysiology products and approvals of the products foster the market. Around 20,000 Canadians are affected by atrial fibrillation, and approximately 40,000 deaths are caused every year in this country due to Heart arrhythmias.

Companies playing a dominant role in the North America Electrophysiology Market profiled in this report are Boston Scientific Corporation (U.S.), GE Healthcare (U.K.), 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).


                1.1 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                                                      

                                       into Advanced Electrophysiology Diagnostic Catheters                                    

                                       Conventional Electrophysiology Diagnostic Catheters                                      

                                       Ultrasound Electrophysiology Diagnostic Catheters                                           

                                5.1.2 Electrophysiology Ablation Catheters 

                                       Radiofrequency (RF) Ablation Catheters                                

                                       Cryoablation Electrophysiology Catheters                                             

                                       Laser Ablation Systems                                  

                                       Microwave Ablation Systems                                      

                                       Navigational Advanced Mapping Accessories                                       

                                5.1.3 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                                        

                                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                                                        

                                       By Product                                           

                                       By Indication                                       

                                6.1.4  Market Attractiveness Analysis                                                     

                                       By Product                                           

                                       By Indication                                       

                                6.1.5  Market Share Analysis                                                      

                                       By Product                                           

                                       By Indication                                       

                6.2 United States          

                6.3 Canada       

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                       


                a) List of Tables       

                b) List of Figures            

  1. North America Electrophysiology Market, By Product, From 2022 - 2027 (USD Billion)
  2. North America Electrophysiology Ablation Catheters Market, By Region, From 2022 - 2027 (USD Billion)
  3. North America Electrophysiology Diagnostic Catheters Market, By Region, From 2022 - 2027 (USD Billion)
  4. North America Electrophysiology Laboratory Devices Market, By Region, From 2022 - 2027 (USD Billion)
  5. North America Access Devices Market, By Region, From 2022 - 2027 (USD Billion)
  6. North America Electrophysiology Market, By Indication, From 2022 - 2027 (USD Billion)
  7. North America Atrial Flutter Market, By Region, From 2022 - 2027 (USD Billion)
  8. North America Atrial Fibrillation Market, By Region, From 2022 - 2027 (USD Billion)
  9. North America Wolff-Parkinson-White Syndrome Market, By Region, From 2022 - 2027 (USD Billion)
  10. North America Atrioventricular Nodal Re-entry Tachycardia Market, By Region, From 2022 - 2027 (USD Billion)
  11. North America Other Indications Market, By Region, From 2022 - 2027 (USD Billion)
  12. United States Electrophysiology Market, By Product, From 2022 - 2027 (USD Billion)
  13. United States Electrophysiology Market, By Indication, From 2022 - 2027 (USD Billion)
  14. Canada Electrophysiology Market, By Product, From 2022 - 2027 (USD Billion)
  15. Canada Electrophysiology Market, By Indication, From 2022 - 2027 (USD Billion)

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