Global Electrophysiology Devices And Equipment Market Growth Analysis 2024, Forecast To 2033
11 Jan, 2024
The market for electrophysiology devices and equipment has experienced rapid growth, escalating from $6.1 billion in 2023 to $6.74 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 10.4%. Historical growth is linked to the prevalence of cardiac arrhythmias, an aging population, and the adoption of minimally invasive procedures. The forecast predicts strong growth ahead, reaching $9.66 billion in 2028 with a 9.4% CAGR, driven by the adoption of personalized medicine, the integration of telehealth, and improved access to electrophysiology devices for managing heart failure. Emerging trends include 4D mapping and visualization, remote ablation procedures, hybrid procedures, and leadless cardiac pacing.
Global Electrophysiology Devices And Equipment Market Key Driver
The upsurge in the prevalence rate of cardiovascular diseases (CVD) stands as a significant driver for the electrophysiology devices and equipment market. CVD remains the leading global cause of death, necessitating quick and effective treatment. In the UK, the Office for National Statistics reported 20,061 deaths from heart attacks in March 2022, marking an increase from 19,440 in 2020. Additionally, the Centers for Disease Control and Prevention noted that approximately 1 in 20 adults aged 20 and older in the US were afflicted by cardiovascular diseases, with 695,000 individuals living with CVD in 2021.
Get A Free Sample Of The Global Electrophysiology Devices And Equipment Market ReportGlobal Electrophysiology Devices And Equipment Market 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
By Geography: 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. Among these regions
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.
Major Electrophysiology Devices And Equipment Industry Players
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
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Electrophysiology Devices And Equipment Market Overview
Electrophysiology devices and equipment are used in the diagnosis and treatment of heart rhythm disorders through electrical activity.
Electrophysiology Devices And Equipment Global Market Report 2023 provides data on the global electrophysiology devices and equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electrophysiology devices and equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.