Electrophysiology Market is Expected to Witness Rapid Growth by 2030 | Johnson & Johnson, Abbott Laboratories, Medtronic Plc, Koninklijke Philips N.V, Boston Scientific Corporation

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Feb 2021 Report Id : REP-GB-12402
Published On : 28-Aug-2020
Category : Healthcare, Pharmaceuticals & Medical Devices
Electrophysiology Market 2020-2030 by Top Key Players-
Johnson & Johnson, Abbott Laboratories, Medtronic Plc,
Koninklijke Philips N.V and Others

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Electrophysiology Market Analysis
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According to a new market study by Future Market Insights (FMI), the global
electrophysiology market is forecasted to witness abundant growth in terms of value
between 2020 and 2030.
Technological developments in electrophysiology devices will considerably drive the market
growth in the forthcoming years. Advancements leading to miniaturized monitoring systems
and ablation devices will stimulate the industry expansion.
As per the statistics of the World Health Organization, more than 18 Mn deaths are directly
associated with cardiovascular ailments every year. Among these, nearly 80% are ascribed to
strokes and heart attacks, and 33% of the deaths are among people aged below 70 years. In
order to curb the mortality rate, healthcare institutions are seeking advanced cardiac care,
thereby propelling demand for electrophysiology devices.
Moreover, electrophysiology procedures have gained prominence in the recent past to
assess the electrical activity of the heart. Likewise, the need for advanced healthcare has
upsurge in developing economies on the back of rising awareness and increasing disposable
incomes, furthering the demand for electrophysiology devices.

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The penetration of 3D technology into healthcare has facilitated the development of 3D-
mapping devices which have been crucial to the growth of the market. The novel devices and
procedures are aiding medical professionals in accurately detecting arrhythmia. Such
innovations will continue to complement the growth of the market through the forecast
period.
“Manufacturers are fast-tracking production to receive approvals from government
authorities, as approvals ensure higher penetration and substantial growth” opines FMI
analyst.
Electrophysiology Market - Key Takeaways
 The global electrophysiology market is forecasted to expand at a stellar CAGR of 9.4% and
surpass a valuation of US$ 15 Bn by 2030.
 Based on indication, atrial fibrillation is forecasted to channel the majority of revenue
owing to the high prevalence coupled with a high risk of stroke and blood clotting.

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 Conventional electrophysiology diagnostic catheters remain the most sought-out
products owing to early penetration and high preference among cardiac practitioners.
 Hospitals are forecasted to remain the dominant end-use segment backed by a high in-
patient rate and mounting spending on the adoption of advanced electrophysiology
devices.
Electrophysiology Market - Key Trends
 The emergence of 3D technology and subsequent incorporation of 3D-mapping imaging
devices and radiofrequency ablation contraptions are expected to shape the growth
trajectory in the years to come.
 Adoption of 3D technology has proven highly effective in the detection of ablate
problematic tissues and arrhythmia, lowering the time taken for the procedure, and
reducing the recovery time of patients.
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Electrophysiology Market - Regional Analysis

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 North America is projected to spearhead regional landscape, holding over 43.5% of the
overall market share, owing to the high prevalence of unhealthy lifestyles, which in turn
propel the demand for electrophysiology procedures.
 East and South Asia are expected to emerge as lucrative regional markets through the
forecast period, backed by the presence of a huge population base with cardiac ailments
in India and China.
Electrophysiology Market - Competitive Landscape
Some of the key players operating in the market include Johnson & Johnson, Abbott
Laboratories, Medtronic Plc, Koninklijke Philips N.V, Boston Scientific Corporation, Japan
Lifeline, Stereotaxis, Microport Scientific Corporation, BIOTRONIK, Acutus Medical, Baylis
Medical, EP Solutions SA, APN Health LLC, Teleflex and Merit Medical Systems. Market
players are focusing on adopting novel technologies to ensure the development of advanced
products. Moreover, acquisitions and collaborations with healthcare institutions will
continue to shape the regional landscape.
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Product Type:
Electrophysiology Laboratory Devices
 3D-Mapping Systems
 Electrophysiology Recording Systems
 Radiofrequency (RF) Ablation Systems
 Intracardiac Echoradiography (ICE) Ultrasound Imaging Systems
 Electrophysiology X-Ray Systems
 Others
Electrophysiology Ablation Catheters
 Cryoablation Electrophysiology Catheters
 Radiofrequency (RF) Ablation Catheters
 Microwave Ablation (MWA) Systems
 Laser Ablation Systems
Electrophysiology Diagnostic Catheters
 Conventional Electrophysiology Diagnostic Catheters

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 Advanced Electrophysiology Diagnostic Catheters
 Ultrasound Electrophysiology Diagnostic Catheters
Indication:
 Atrial Fibrillation
 Atrial Flutter
 Atrioventricular Nodal Re-entry Tachycardia (AVNT)
 Wolff-Parkinson White Syndrome
 Bradycardia
 Others
End-user:
 Hospitals
 Cardiac Catheterization Laboratories
 Ambulatory Surgery Centers
Region:
 North America

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 Latin America
 Europe
 East Asia
 South Asia
 Oceania
 Middle East & Africa
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Get Valuable Insights into the Electrophysiology Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global
electrophysiology market, presenting historical demand data and forecast statistics for the
period from 2020-2030. The study divulges compelling insights on the electrophysiology
market, allowing readers to glean qualitative and quantitative information which will enable
them to make informed market decisions in the upcoming forecast period.
For more insights on the Electrophysiology Market,
you can request a report sample with full TOC
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Electrophysiology Market is Expected to Witness Rapid Growth by 2030 | Johnson & Johnson, Abbott Laboratories, Medtronic Plc, Koninklijke Philips N.V, Boston Scientific Corporation

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