Electrophysiology Devices

Electrophysiology Devices Market to Exceed $ 10.72 Billion by 2027 Electrophysiology Devices Market (By Indication: Atrial Fibrillation (AF), Atrioventricular Nodal Re-entry Tachycardia (AVNRT), Supraventricular Tachycardia, Bradycardia, Wolff-Parkinson-White Syndrome (WPW), and Others; By Application: Diagnostic Devices and Treatment Devices; By End-use: Ambulatory Surgical Centers, Hospitals, and Others) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027

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[150+ Pages Report] The electrophysiology market size in terms of value is projected to reach $ 10.72 billion by 2027 from US$ 5.54 billion in 2019, at a CAGR of8.6% between 2020 and 2027, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global electrophysiology market from 2017 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global electrophysiology market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the electrophysiology industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Growth Factors

As the prevalence of cardiac arrhythmia is constantly increasing on the global level, electrophysiology devices accounted for substantial recognition in the forthcoming years. Distinctive modalities of electrophysiology devices that include cardiac magnetic resonance imaging (CMR), cardiac computerized tomography (CT), echocardiography, fluoroscopy, and electro-anatomic mapping; support healthcare professionals to prodigiously analyze the principal mechanisms of multiple cases of arrhythmia.

In addition, worldwide penetration of electrophysiology devices is likely to encounter a tectonic upshift by the year 2027 because of remarkable technological disruption in the healthcare industry. The strategic expansion plans of market participants remains aligned toward matured markets that are already consolidated by the significant presence of large companies. While matured markets will continue to provide substantial revenue-generating opportunities for aspiring brands in the global electrophysiology devices market, evolving markets are likely to promise alluring opportunities for these brands to increase their sales revenues.

Report Scope of the Electrophysiology Devices Market

Report Highlights Details
Market Size USD 10.72 Billion by 2027
Growth Rate CAGR of 8.6% from 2020 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2020 to 2027
Segments Covered Indication, Application, End User, Region
Companies Mentioned Siemens AG, Medtronic Plc, Abbot Laboratories, GE Healthcare, Boston Scientific Corporation, Biosense Webster, Inc., Nihon Kohden Corporation, Biotronik SE & CO. KG, Microport Scientific Corporation, Koninklijke Philips N.V.

Report Highlights

  • North America dominated the global market in the year 2019 owing to technological advancements in the healthcare industry along with favorable government support
  • The Asia Pacific exhibits the fastest growth over the forecast period owing to significant presence of untapped opportunities in reference to unmet medical requirements along with rapid growth in the incidence rates of target diseases
  • Atrial fibrillation leads the indication segment in the global electrophysiology devices market for the year 2019.
  • Diagnostic devices application segment accounted for the largest value share in 2019 attributed to significant application of cardiac monitors as a standard monitoring and diagnostic tool for arrhythmias
  • The electrophysiology treatment devices segment offers lucrative growth opportunity in the coming years. Pacemakers emerged as the largest sub-segment in the year 2019.
  • Based on end-use, hospitals led the global market in 2019 owing to rising Adoption of technologically advanced cardiac rhythm management and electrophysiological procedure devices

Regional Snapshots

In 2019, North America led the global electrophysiology devices market owing to unhealthy lifestyle oriented such as smoking and excessive alcohol consumption leads to increased rate of cardiac arrest cases, Heart Failure (HF), and cardiac arrhythmia. Presence of sophisticated healthcare infrastructure and favorable policies for reimbursement propels the growth of electrophysiology devices in the region.

On the other side, the electrophysiology market in the Asia Pacific, particularly in Japan, China, and India expected to register high growth in the forthcoming years. India and China are the most lucrative regions compared to other Asian countries because of rapidly changing eating habits and lifestyles, increasing stress, fast adoption of western culture, and habitual drinking and smoking in these countries have resulted in the increasing health-related problems that include heart disease, obesity, and other chronic diseases.

Factors such as increasing geriatric population, large population, rising healthcare spending, growing incidence of chronic diseases, rising emphasis of prominent players on emerging markets, increasing demand for advanced technologies, healthcare reforms for infrastructural development, and less stringent regulations related to consumption of alcohol and other disease triggering products fuel the demand for electrophysiology devices in this region.

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Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global electrophysiology market are as follows:

  • Medtronic Plc
  • Abbot Laboratories
  • Boston Scientific Corporation
  • Biotronik SE & CO. KG
  • Biosense Webster, Inc.
  • Nihon Kohden Corporation
  • GE Healthcare
  • Microport Scientific Corporation
  • Siemens AG
  • Koninklijke Philips N.V.

Market Segmentation

By Indication

  • Atrial Fibrillation (AF)
  • Atrioventricular Nodal Re-entry Tachycardia (AVNRT)
  • Supraventricular Tachycardia
  • Bradycardia
  • Wolff-Parkinson-White Syndrome (WPW)
  • Others

By Application

  • Diagnostic Devices
    • Diagnostic Electrophysiology Catheters
    • Holter Monitoring Devices
    • EP Mapping & Imaging Systems
    • Electrocardiograph (ECG)
    • Insertable Cardiac Monitors (ICM)
    • Others
  • Treatment Devices
    • Automated external defibrillators (AEDs)
    • Implantable Cardioverter Defibrillators (ICDs)
    • CRT-D
    • CRT-P
    • Catheters
    • Pacemakers
    • Others

By End-User

  • Ambulatory Surgical Centers
  • Hospitals
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2020 – 2027.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the electrophysiology market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global electrophysiology market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for electrophysiology are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Electrophysiology Devices Market, By Indication

7.1. Electrophysiology Devices Market, by Indication Type, 2020-2027
7.1.1. Atrial Fibrillation (AF)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Atrioventricular Nodal Re-entry Tachycardia (AVNRT)
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Supraventricular Tachycardia
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Bradycardia
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Wolff-Parkinson-White Syndrome (WPW)
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Electrophysiology Devices Market, By Application

8.1. Electrophysiology Devices Market, by Application, 2020-2027
8.1.1. Diagnostic Devices
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Treatment Devices
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Electrophysiology Devices Market, By End-User

9.1. Electrophysiology Devices Market, by End-User, 2020-2027
9.1.1. Ambulatory Surgical Centers
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Hospitals
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Electrophysiology Devices Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Indication (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by End-User (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Indication (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Indication (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by End-User (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Indication (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by End-User (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Indication (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Indication (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by End-User (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Indication (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by End-User (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Indication (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by End-User (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Indication (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by End-User (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Indication (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Indication (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by End-User (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Indication (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by End-User (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Indication (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by End-User (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Indication (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Indication (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Indication (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by End-User (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Indication (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by End-User (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Indication (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by End-User (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Indication (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by End-User (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Indication (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Indication (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by End-User (2016-2027)

Chapter 11. Company Profiles

11.1. Medtronic Plc
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Abbot Laboratories
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Boston Scientific Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Biotronik SE & CO. KG
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Biosense Webster, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Nihon Kohden Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. GE Healthcare
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Microport Scientific Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Siemens AG
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Koninklijke Philips N.V.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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