Electrophysi

Electrophysiology Market  Share, Demand, Top Players, Industry Size, Future Growth By 2030

The escalating burden of cardiac arrhythmias such as atrial fibrillation, atrial flutter, ventricular tachycardia, Wolff-Parkinson-White (WPW) syndrome and AV-nodal reentrant tachycardia (AVNRT) has been fuelling the demand of the electrophysiology devices and procedures. Future Market Insights in a new study has projected the reach a valuation of US$ 6.02 Bn by the end of 2021.

The increasing demand for minimally invasive, safer, and efficient electrophysiology therapies has transcended electrophysiology market growth. The latest electrophysiology catheters, devices and access devices offer advanced cardiac electromapping, ablations and diagnostic procedures. The next-generation electrophysiology devices offer minimal invasive interventions that offer short hospital stay period.

The increasing adoption of the ablation catheterization for the management of the cardiac arrhythmias is escalated by the introduction of advanced, safer and efficient electrophysiology solutions by the key players. The minimally invasive nature of the incoming electrophysiology solutions is safer for patients with medical comorbidities.

The cardiac arrhythmia treatment regime is frequently combining these latest electrophysiology devices with several antiarrhythmic drugs such as procainamide, amiodarone, flecainide and others. The shift towards the increased adoption of the disposable catheters due to their affordability, sterility and safety has also rocketed the sales of the electrophysiology market. Manufacturers have eyed on the acquisitions, collaborations, product approvals and launching into the various geographies to penetrate deep into the potential electrophysiology markets.

The COVID19 pandemic in the first few months of 2020 has imparted a negative impact on the electrophysiology market. The massive global lockdown, along with the shutting down of the economies such as China has halted the demand and supply activities.
Key Takeaways from Electrophysiology Market Study

• The global electrophysiology market is estimated to be US$ 7.84 Bn in 2020, exhibiting a CAGR of ~12.7 % during the forecast period (2020-2030)
• The U.S. will remain a highly lucrative market, accounting for over 95% of North America market in 2021, based on volume
• Demand from U.K. is poised to surge considerably. FMI forecasts it to exhibit 8.5% Y-o-Y growth in 2021
• Germany and France will emerge as other key markets for electrophysiology in the U.K.
• Demand from both Japan and South Korea is expected to increase at a considerable pace in the coming years

Electrophysiology Market: Segmentation

Product Type

• Electrophysiology Laboratory Devices

• 3D Mapping Systems
• Electrophysiology Recording Systems
• Radiofrequency (RF) Ablation Systems
• Intracardiac Echocardiography (Ice) Ultrasound Imaging Systems
• Cardiac Stimulators
• Others

End-User

• Hospitals
• Cardiac Catheterization Laboratories
• Ambulatory Surgery Centers           

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa (MEA)

For More Information: https://www.futuremarketinsights.com/reports/electrophysiology-market