Global Electrophysiology Market Research Report 2021 Overview, Territorial Outlook, Technology, Demand and Estimate 2027

From being completely unaware of the functioning of the human body to understanding almost every beat of the heart, the dynamic space of medical industry has prolifically transformed over the years. This now includes a branch of physiology that offers analysis of the electrical activities of the heart to detect the location of arrythmia; electrophysiology. In this case, it would be safe to declare that rising prevalence of heart failures and cardiac arrhythmia worldwide would enhance Electrophysiology Market outlook over the span of 2020 to 2026.

It has been recorded that the prevalence of one of the most common arrythmias in the United States- AFib or atrial fibrillation accounts for about 2.7 million to 6.1 million, a count which is anticipated to exceed 12.1 million by 2030 end. This daunting count calls in for the need for electrophysiology devices that boast of the ability to potentially help in the treatment of heart problems and irregular electrical movements. Supporting the burgeoning need for such devices, manufacturers involved in the production and development of medical equipment have now been going nine yards for building electrophysiology devices that are potentially equipped with cutting-edge technologies including artificial intelligence.

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To illustrate, Volta Medical, a French-based healthcare startup, had in December 2020, announced receiving FDA approval for its VX1 AI software for interventional cardiac electrophysiology. As per official sources, the VX1 system is anticipated to offer an easier, more accurate, and faster way to detect the zones of interest in patients suffering from chaotic heart muscle contractions. Such developments are likely to strengthen business revenue in the years to come.

Elaborating further, EP diagnostic catheters have also been deemed to have a significant impact on tracking improper heart beats. In addition to this, the expanding applications of diagnostic catheters in intra-cardiac sensing and mapping would enhance the product growth in the near future, post its hold of 35% of market share in 2019. What has been adding to the growth of the product segment is the integration of robotic technologies in these devices, that have augmented the value of technologically advanced electrophysiology devices worldwide.

Electrophysiology devices are being largely used for diagnosing ventricular tachycardia. In fact, it was observed that the segment recorded a valuation of USD 450 million in 2019, while looking forward to acquiring a major stake in the overall business sphere in the upcoming years. One of the major reasons contributing to the use of these devices for the treatment of ventricular tachycardia is the benefit of early diagnosis and constant monitoring via electrophysiology equipment.

 

Regional diversification of electrophysiology industry

 

The global electrophysiology industry is well-diversified into vivid economies and regions including North America, Europe, Asia Pacific, and the rest of the world. The growth predominantly comes from Europe’s huge geriatric patient pool. Reports have it that elderly people in the economies of the European continent form one of the most vulnerable age group being diagnosed with atrial fibrillation. According to reliable sources, the Italian elderly population which has been monitored with AFib in 2016 was nearly about 7 million, with an anticipated increase of 89% in 2060. These statistics have raised the demand for the introduction of well-equipped and advanced electrophysiology devices.

 

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On top of these, the rising number of cardiac centers in several European countries and the emergence of market players in the region, have paved way for Europe electrophysiology industry to grow at a CAGR of 10.1% through 2026.

 

In a nutshell, elevating the prevalence of cardiac arrythmias and heart failures has produced a demand spurt for electrophysiology devices, allowing the electrophysiology market to depict a growth rate of 10.2% over the span of 2020 to 2026.

 

Globally, companies operating in the data center colocation market include Equinix, Inc., Global Switch Corporation, Singapore Telecommunications Limited, Digital Realty, KDDI Corporation, CyrusOne, NTT Communications, China Unicom, Interxion N.V., and China Telecommunications Corporation. These firms are taking part in a slew of business strategies such as new product development, geographical expansions, and collaborations.

 

Browse key industry insights spread across 230 pages with 547 market data tables and 28 figures & charts from the report, Electrophysiology Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/electrophysiology-market

Report Content

Chapter 3   Electrophysiology Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2015- 2026 (USD Million)

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.1.1    Increasing prevalence of atrial fibrillation

3.3.1.2    Technological advancements in electrophysiology devices

3.3.1.3    Increasing preference for electrophysiology catheter ablation

3.3.2    Industry pitfalls and challenges

3.3.2.1    High investment for EP devices

3.3.2.2    Dearth of skilled professionals in emerging nations

3.4    Growth potential analysis

3.4.1    By product

3.4.2    By indication

3.4.3    By end-use

3.5    COVID-19 impact analysis

3.6    Competitive landscape, 2019

3.7    Regulatory landscape

3.8    Porter’s analysis

3.9    PESTEL analysis

Chapter 4   Electrophysiology Market, By Product

4.1    Key segment trends

4.2    EP ablation catheters

4.2.1    Market size, by region, 2015-2026 (USD Million)

4.2.2    Radiofrequency (RF) ablation catheters

4.2.2.1    Market size, by region, 2015-2026 (USD Million)

4.2.3    Cryoablation catheters

4.2.3.1    Market size, by region, 2015-2026 (USD Million)

4.2.4    Laser

4.2.4.1    Market size, by region, 2015-2026 (USD Million)

4.2.5    Others

4.2.5.1    Market size, by region, 2015-2026 (USD Million)

4.3    EP diagnostic catheters

4.3.1    Market size, by region, 2015-2026 (USD Million)

4.3.2    Conventional

4.3.2.1    Market size, by region, 2015-2026 (USD Million)

4.3.3    Advanced

4.3.3.1    Market size, by region, 2015-2026 (USD Million)

4.3.4    Ultrasound

4.3.4.1    Market size, by region, 2015-2026 (USD Million)

4.4    EP laboratory devices

4.4.1    Market size, by region, 2015-2026 (USD Million)

4.4.2    Mapping systems

4.4.2.1    Market size, by region, 2015-2026 (USD Million)

4.4.3    Recording systems

4.4.3.1    Market size, by region, 2015-2026 (USD Million)

4.4.4    Others

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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