The planetary electrophysiology devices market size is projected to scope USD 9.71 cardinal by 2027, exhibiting a CAGR of 10.8% during the forecast period. The COVID-19 pandemic is expected to stoke the adoption of these devices owing to its adjacent linkage with bosom conditions, postulates Fortune Business Insights™ successful its report, titled “Electrophysiology Devices Market Size, Share & COVID-19 Impact Analysis, Type (Ablation Catheters, Diagnostic Catheters, Mapping Systems, Accessories, and Others), By Application (Atrial Fibrillation, Supraventricular Tachycardia (SVT), Ventricular Tachycardia, and Others), By End User (Hospitals & ASCs, and Specialty Clinics & Diagnostic Centers), and Regional Forecast, 2020-2027”. According to a probe survey published by the American Heart Association (AHA), successful Wuhan, the epicenter of the coronavirus pandemic, 16.7% of the hospitalized COVID patients and 44.4% successful the intensive attraction portion were suffering from arrhythmias. The study from Wuhan besides revealed that patients successful betterment experienced ventricular fibrillation and precocious myocardial dysfunction. In July 2020, the University of Edinburgh’s survey of bosom scans of implicit 1,000 COVID patients from 69 countries showed that 55% of them displayed varying degrees of bosom harm and astir 13% with nary erstwhile bosom information developed terrible cardiac disease. With bosom illness being a precocious hazard origin for COVID-19, the request for electrophysiology devices is acceptable to skyrocket during 2020.
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Market Driver
Growing Incidence of Cardiovascular Diseases Worldwide to Propel the Market
One of the cardinal factors propelling the electrophysiology devices marketplace maturation is the rising incidence of cardiovascular diseases (CVDs) crossed the globe. The World Health Organization (WHO) estimated that worldwide, astir 17.9 cardinal radical died from CVDs successful 2016, making it the fig 1 origin of decease globally. Of these, astir 85% died of bosom onslaught and stroke. Electrophysiology devices specified arsenic pacemakers and implantable defibrillators play an instrumental relation successful detecting, monitoring, and preventing an adverse cardiovascular lawsuit successful a patient. For example, an implantable defibrillator is designed to inhibit the occurrence of a rapid, life-threatening rhythmic irregularity successful the heart. Thus, widening dispersed of CVDs is expected to boost the maturation of the planetary marketplace successful the coming years.
As per the marketplace report, the planetary marketplace worth stood astatine USD 5.10 cardinal successful 2019. The study contains the following:
- Qualitative and quantitative insights into the factors shaping the marketplace share, size, revenue, and growth;
- Detailed investigation of the marketplace restraints;
- Careful introspection of each marketplace segments; and
- Comprehensive valuation of the determination and competitory dynamics influencing the market.
To get to cognize much astir the short-term and semipermanent interaction of COVID-19 connected this market,
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Regional Insights
Increasing Prevalence of Heart Disorders to Drive Market Growth successful North America
North America, wherever the marketplace size was astatine USD 1.82 cardinal successful 2019, is slated to bid the electrophysiology devices marketplace stock during the forecast play connected relationship of expanding prevalence of bosom diseases successful the region. The main reasons attributable to this improvement see unhealthy fare regimes and deficiency of carnal enactment among the moving colonisation successful the region.
In Asia Pacific, the marketplace is expected to registry an awesome CAGR arsenic a effect of rising wellness complications associated with bosom diseases. Furthermore, improvements successful healthcare technologies successful the portion volition besides provender the determination marketplace growth. In Europe, the superior maturation drivers are anticipated to beryllium rapidly aging colonisation and speedy uptake of precocious aesculapian devices.
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Competitive Landscape
Active Collaborations Aimed astatine Innovation to Intensify Market Competition
Leading competitors successful this marketplace are actively collaborating with each different to heighten their innovation capacities and alteration communal strengthening of merchandise portfolios. This strategy is allowing players to deepen and broaden their beingness successful the marketplace and substantially elevate the imaginable of the market.
List of Key Players Covered successful the Electrophysiology Devices Market Report:
- Biotronik, Inc. (Berlin, Germany)
- AtriCure, Inc. (Ohio, U.S.)
- Johnson & Johnson Services, Inc. (New Jersey, U.S.)
- Medtronic (Dublin, Ireland)
- AngioDynamics (New York, U.S.)
- Stereotaxis, Inc. (Missouri, U.S.)
- Boston Scientific Corporation (Massachusetts, U.S.)
- Abbott (Chicago, U.S.)
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Table of Contents
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- New Product Launches by Key Market Players
- Prevalence of Tachycardia by Key Regions/ Key Countries, 2019
- Technological Advancements successful Electrophysiology Devices
- Key manufacture Developments – Mergers, Acquisitions and Partnerships
- Impact of COVID-19 connected Electrophysiology Devices Market
- Global Electrophysiology Devices Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Ablation Catheters
- Diagnostic Catheters
- Mapping System
- Accessories
- Others
- Market Analysis, Insights and Forecast – By Application
- Atrial Fibrillation
- Supraventricular Tachycardia (SVT)
- Ventricular Tachycardia
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals & ASC’s
- Specialty Clinics & Diagnostic Centers
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Electrophysiology Devices Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Ablation Catheters
- Diagnostic Catheters
- Mapping System
- Accessories
- Others
- Market Analysis, Insights and Forecast – By Application
- Atrial Fibrillation
- Supraventricular Tachycardia (SVT)
- Ventricular Tachycardia
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals & ASC’s
- Specialty Clinics & Diagnostic Centers
- Market Analysis, Insights and Forecast – By Country
- U.S.
- Canada
- Europe Electrophysiology Devices Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Ablation Catheters
- Diagnostic Catheters
- Mapping System
- Accessories
- Others
- Market Analysis, Insights and Forecast – By Application
- Atrial Fibrillation
- Supraventricular Tachycardia (SVT)
- Ventricular Tachycardia
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals & ASC’s
- Specialty Clinics & Diagnostic Centers
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Asia Pacific Electrophysiology Devices Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Ablation Catheters
- Diagnostic Catheters
- Mapping System
- Accessories
- Others
- Market Analysis, Insights and Forecast – By Application
- Atrial Fibrillation
- Supraventricular Tachycardia (SVT)
- Ventricular Tachycardia
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals & ASC’s
- Specialty Clinics & Diagnostic Centers
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- Japan
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
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