MarkNtel Advisors recently published a detailed industry analysis of the Global Electrophysiology Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Electrophysiology, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Electrophysiology Market is projected to grow at a CAGR of around 10.5%during the forecast period, i.e., 2023-28.
Key Findings in Global Electrophysiology Market:
- Historical Analysis: 2018 –2021
- Base Year: 2022
- Forecast Period: 2023-2028
Leading Market Players- Abbott, Medtronic, Boston Scientific Corporation, Koninklijke Philips N.V., General Electric Company, Siemens Healthineers International AG, Stereotaxis Inc, Merit Medical Systems, APN Health LLC, Osypka Medical, Japan Lifeline Co Ltd, Johnson & Johnson, Biotronik, Microport Scientific Corporation, Cathrx Ltd., Others (Cook Medical, Teleflex Incorporated, etc.).
Key Highlights of the Report
- Market Dimensions And Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Electrophysiology industry?
The Transcending Burden of Cardiovascular Diseases Worldwide – An alarming rise in the number of cardiac arrhythmias has compelled innovations in the manufacturing of electrophysiology devices. According to WHO, around 17.9 million people succumb to Cardiovascular diseases (CVDs) every year, accounting for 32% of total deaths worldwide. Out of 5, four CVD deaths are due to strokes and heart attacks, with one-third of these deaths occurring in people under 70. Likewise, as per Canadian government health statistics, one out of twelve Canadians lives with heart disease. Backed by behavioral risk factors such as unhealthy diet, physical inactivity, and excess alcohol and tobacco consumption, the patient pool is expected to surge in the coming years, presenting the need for more effective electrophysiology devices. As a result, the market is expected to enthrall in the coming years.
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What segments define the Global Electrophysiology Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Product
- Electrophysiology Laboratory Devices
- 3D Mapping Systems
- Electrophysiology Recording System
- Radio Frequency (RF) Ablation Systems
- Intracardiac Echocardiography (ICE) Ultrasound Imaging Systems
- Electrophysiology X-Ray Systems
- Electrophysiology Remote Magnetic and Robotic Navigation Systems
- Electrophysiology Ablation Catheters
- Cryoablation Electrophysiology Catheters
- Radiofrequency (RF) Ablation Catheters
- Microwave Ablation (MWA) Systems
- Laser Ablation Systems
- Electrophysiology Diagnostic Catheters
- Conventional Electrophysiology Diagnostic Catheters
- Advanced Electrophysiology Diagnostic Catheters
- Ultrasound Electrophysiology Diagnostic Catheters
- Access Devices
- Other Products
According to report, Here, Electrophysiology Ablation Catheters are anticipated to dominate the market, during the forecast period, among others.
By Indication Type
- Atrial Fibrillation
- Atrial Flutter
- Atrioventricular Nodal Reentry Tachycardia (AVNRT)
- Wolff-Parkinson-White Syndrome (WPW)
- Other Indications
By End User
- Hospitals & Cardiac Centers
- Ambulatory Surgery Centers
Explore the Complete Global Electrophysiology Market Analysis Report – https://www.marknteladvisors.com/research-library/electrophysiology-market.html
Geographical Analysis: Global Electrophysiology Market
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
The Global Electrophysiology Industry Recent Development:
- In May 2022, CathVision declared that ECGenius EP Recording System, a new high-fidelity and low-noise solution, has been given FDA approval. The device successfully diagnosed and treated complex atrial arrhythmias during tests.
- In March 2022, The National Institute of Cardiology in Warsaw, Poland, used Stereotaxis to launch a robotic electrophysiology course. The program’s goal is to teach doctors how to treat arrhythmias using the Genesis Robotic Magnetic Navigation System.
- In January 2022, a deal was made for Medtronic PLC to buy the majority of Affera, Inc. The company produces equipment that aids in the treatment of cardiac arrhythmia. The acquisition, which aims to increase Medtronic’s market share in the electrophysiology sector, shall be finalized by the first quarter of 2023.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Electrophysiology?
- How is the Global Electrophysiology expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, And data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial And varied client base, including multinational corporations, financial institutions, governments, And individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing And forecasting, And trend analysis, among others, for 15 diverse industrial verticals.
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