Electrophysiology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Electrophysiology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Electrophysiology Market: Overview

Electrophysiology, or more popularly cardiac electrophysiology, are tests used to study the electrical activity of heart used in the diagnosis and treatment of the abnormalities in heart rhythms notably arrhythmias The studies have gained wide acceptance in clinical diagnostics for understanding the cause of arrhythmias. The use of the tests correlates well with the use of non-invasive technologies for treating arrhythmias notably atrial fibrillation, ventricular tachycardia, and atrial flutter. The tests are a useful guide to general and interventional cardiologists to design optimal treatment plans to manage irregular heartbeat conditions, including potentially serious ones. Rapid advances made in cardiac electrophysiology over the past few years have underpinned evolution of the market. The large magnitude of healthcare burden that atrial fibrillation (AF) brings is a key factor catalyzing the market’s growth.

Global Electrophysiology Market: Key Trends

The rising incidence and substantial prevalence of atrial fibrillation is a key factor driving the electrophysiology market. AF has emerged as a global health care problem, especially in developed nations, with several risk factors such as hospitalization, thromboembolic events, and heart failure. Constant advances in EP technologies have led to the advent of novel devices such as 3D mapping systems, remote steering systems, and irrigated-tip RF catheters. The rising demand for these tests in baby boomer cohorts is also fueling the expansion of the electrophysiology market. However, increased preference to pharmaceutical interventions to ablation and the paucity of skilled electrophysiologists are factors that constrain the market to witness its full potential. Nevertheless, rapidly aging populations with high blood pressure is also catalyzing the demand for electrophysiology tests.

Global Electrophysiology Market: Market Potential

The advent of innovative technologies and modern procedures has helped expand the prospects of the electrophysiology market. The adoption of a combination of procedures has a positive bearing on current ablation methods. A key challenge in developing an effective ablation strategy for treatment of ventricular arrhythmias is identification of the areas of the heart responsible for such abnormalities. Ventricular arrhythmia is one of the main causes of sudden cardiac death and hence a key factor of mortality in patients with ventricular tachycardia.

A recent research has found that combining functional imaging with structural imaging of patients helps doctors identify the tissues in heart that are more prone to the condition. The study tested the effect of combining magnetic resonance imaging with a specific type of SPECT imaging on 15 patients with ischemic cardiomyopathy. Ablation of ventricular tachycardia has become established itself as an effective treatment for patients who have had heart attacks. Hence the findings of such studies help improve the outcomes.

Global Electrophysiology Market: Regional Outlook

On the regional front, developed regions are expected to contribute sizeable shares of revenues to the global electrophysiology market. Increasing prevalence of cardiac arrhythmias and rapid uptake of innovative electrophysiology procedures are expected to bolster the expansion of the North America electrophysiology market during the assessment period (2018–2026). The growth is also propelled by rising demand for cardiology interventional procedures across the regional population. On the other hand, Asia Pacific is likely to hold vast potential in the global electrophysiology market. The growth is fueled by vast unmet needs and rising awareness about the procedures to reduce the risk of heart attacks in patient populations in numerous emerging economies.

Global Electrophysiology Market: Competitive Landscape

Prominent manufacturers of electrophysiology devices are constantly bringing advancement in technology aimed toward improving the contemporary ablation strategies. Several players in the electrophysiology market are also likely to shift their attention toward unmet needs in emerging economies across the globe. Some of the key players are Abbott Laboratories, Biotronik SE & Co.KG, GE Healthcare, Medtronic, Inc., Boston Scientific Corporation, and Biosense Webster, Inc.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?