global electrophysiology devices market size & share was valued at USD 5.54 billion in 2021 and is expected to reach USD 13.98 Billion by 2030, growing at a CAGR of 10.8% during the forecast period.
Polaris Market Research recently published [115+ Pages] research report on “Electrophysiology Devices Market Share, Size, Trends, Industry Analysis Report, By Application (Treatment, Diagnostic); By Indication (AF, SVT, AVNRT, WPW); By End-Use (Hospitals, ASCs); By Region; Segment Forecast, 2022 – 2030” in its research database.
According to the research report, the global electrophysiology devices market size & share was valued at USD 5.54 billion in 2021 and is expected to reach USD 13.98 Billion by 2030, growing at a CAGR of 10.8% during the forecast period.
What are Electrophysiology Devices? What is the Expected Size & Share of the Electrophysiology Devices Market?
The electrophysiology examination is performed to evaluate the heart’s electrical system or activity. Electrophysiology devices are the devices used in the detection and treatment of cardiac arrhythmias. These devices are also known as cardiology specialty equipment. The EP devices include a 3D mapping system, ablation catheter, and radio frequency generator.
Moreover, the mapping space aids in minimizing the risk related to traditional X-Ray processes while enhancing diagnostic output due to innovations in electrophysiology medical devices. The rising frequency of heart diseases is propelling the electrophysiology devices market demand over the foreseen period. The rising number of old age people across the world is another factor uplifting the global market.
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Key Highlights of the Report.
Some of the Top Market Players Are:
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Growth Driving Factors
The electrophysiology devices market share is rising due to increasing disease awareness programs in numerous developing countries. Also, electrophysiology simplifies to manage the mobile cardiac telemetry and ambulatory ECG monitoring. Further, electrophysiology is boosting the detecting and treatment capacity of healthcare practitioners across the globe and is anticipated to drive the global industry over the assessment period.
Furthermore, the rapid rise in the frequency of cardiac and heart failure cases among youth due to changing lifestyles, including consuming alcohol and smoking, are the major factors that drive the electrophysiology devices market size. Also, advancement in technology and the focus of evolving countries towards enhancing the healthcare infrastructure are the factors anticipated to propel the global industry over the assessment period.
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Recent Developments
Segmental Analysis
On the basis of application, the diagnostic devices segment is accounted for the largest electrophysiology devices market share. Increasing use of cardiac monitors for arrhythmia monitoring, rising requirement for portable digital systems & catheters for the detection of cardiac problems, and rapid rise in technological advancement are the factors responsible for the segment’s largest industry share.
On the basis of indication, the atrial fibrillation segment is considered the largest market revenue share in 20221. The major factor responsible for this segment’s dominance is a persistent arrhythmia that uplifts the risk of blood clotting and stroke atrial fibrillation.
Based on end-use, the electrophysiology devices market segmentations are classified into hospitals, ambulatory surgical centers, and others. Out of all the hospital segments, it accounted for a substantial market share in 2021. This is due to the rising use of advanced technological cardiac rhythm management and electrophysiological procedure.
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Electrophysiology Devices Market: Report Scope
| Report Attribute | Details |
| Market Outlook for 2030 | USD 13.98 Billion |
| Market Size 2021 Value | USD 5.54 Billion |
| Expected CAGR Growth | 10.8% from 2022 – 2030 |
| Base Year | 2021 |
| Forecast Year | 2022 – 2030 |
| Top Market Players | Abbott, Acutus Medical, Inc., Angio Dynamics, AtriCure, Inc. Biosense Webster (Johnson & Johnson Services, Inc.), Biotronik Inc, CardioFocus, Inc.General Electric Company, F. Siemens AG, Koninklijke Philips N.V., MicroPortScientific Corporation, Medtronic, Nihon Kohden Corporation, Siemens Healthcare AG, Stereotaxis Inc. |
| Segments Covered | By Application, By Indication, By End-Use, By Region |
| Customization Options | Customized purchase options are available to meet your research needs. Explore customized purchase options |
Geographic Overview
On a geographical basis, the North American region dominated the industry in 2021 and is anticipated to dominate the market over the assessment period. This is due to rising rates of heart failure and cardiac arrhythmia owing to the consumption of alcohol, smoking, and unhealthy lifestyle.
Moreover, Asia Pacific is anticipated to propel the electrophysiology devices market over the foreseen period. The factors accountable for the region’s dominance are the high elderly population, rising risk of cardiac diseases, and unmet clinical requirements. Also, the region is dominating due to the rapid rise in the development of healthcare infrastructure and increasing disposable income in evolving nations that, includes India and China.
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Key Questions Answered in The Report Include.
Polaris Market Research has segmented the electrophysiology devices market report based on application, indication, end-use, and region:
By Application Outlook
BY Indication Outlook
By End-Use Outlook
By Region Outlook
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Dec 05, 2022
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