-Electrophysiology Ablation Catheters segment will witness notable growth in the global electrophysiology devices market
-Technological advancement, and increase in investment towards better and innovative product development will contribute to market growth
-Asia Pacific (APAC) and Latin American regions will be seen as lucrative markets over the forecast period
ALBANY, N.Y., Aug. 5, 2020 /PRNewswire/ -- Over the forecast period of 2019 to 2027, global electrophysiology devices market will witness increase in its valuation from about USD 5.3 billion in 2018 to approximately USD 11 billion by 2027. The compound annual growth rate will be about 8% over the stated period. A string of factors will lead to this impressive growth rate in the market, keeping the trajectory high.
As per Transparency Market Research, "Technological advancements and increase in cases of CVD are propelling the global electrophysiology devices market on a high growth trajectory. Other factors include increase in geriatric population, increase in investments directed towards improvement in medical outcomes, and benefits accruing due to various disease awareness programs."
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Key Findings of Global Electrophysiology Devices Market Study:
- In the product type segment, electrophysiology ablation catheters will emerge as an attractive category
- Growing prevalence of cardiovascular diseases will contribute to growth in the aforementioned product category
- Rapidly ageing population will also drive growth in electrophysiology ablation catheters segment
- In the indication segment, atrial fibrillation segment will contribute notably to market growth
- Hospitals in the end-user segment will account for significant market share over the forecast period
For a detailed analysis of Global Electrophysiology Devices Market by product type, indication, end user, and region, visit TOC at https://www.transparencymarketresearch.com/report-toc/391
Key Drivers of Growth in Global Electrophysiology Devices Market:
- Notable increase in geriatric population is being noted and as the number continues to grow, demand in the market would grow in tandem
- One in every six people will fall in age group of 65 and above and 2 billion in age group of 60 and above by 2050
- Increase in incidence of cardiovascular diseases is being noted worldwide for various genetic and environmental factors, increasing demand in the market
- In a number of countries, particularly the developing ones, investment towards improvement in healthcare infrastructure is observed
Analyze Global Electrophysiology Devices Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample.php
Regional Analysis of Global Electrophysiology Devices Market:
- In 2018, a sizeable share of the market revenue was held by North American region and the trend is anticipated to continue into the forecast period
- High and growing prevalence of cardiac arrhythmias is major contributor to growth in the region
- Other factors supporting dominant claim of the region in the market are robust healthcare infrastructure and favorable healthcare policies
- Large number of strong global electrophysiology devices market such as St. Jude Medical, Boston Scientific, and Medtronic Inc. are present in the North American region
- Another region that will lay claim to a notable revenue share in the global electrophysiology devices market is Europe
- Players will find Asia Pacific and Latin American regions to be quite lucrative owing to increasing incidence of diseases and growing government support
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Competitive Analysis of Global Electrophysiology Devices Market:
Top players in the competitive landscape of global electrophysiology devices market are Nihon Kohden Corporation, Biosense Webster, Inc., Boston Scientific Corporation, GE Healthcare, Siemens AG, Medtronic plc, Koninklijke Philips N.V., Biotronik SE & Co.KG, Microport Scientific Corporation, and Abbott Laboratories, among others. Granular information on these players is provided in the market report prepared by Transparency Market Research.
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Market Segmentation:
Global Electrophysiology Devices Market by Product Type
- EP Ablation Catheters
- Cryoablation EP Catheters
- Radiofrequency Ablation Catheters
- Laser Ablation Systems
- Microwave Ablation Systems
- Navigational Advanced Mapping Accessories
- EP Diagnostic Catheters
- Conventional EP Diagnostic Catheters
- Advanced EP Diagnostic Catheters
- Ultrasound EP Diagnostic Catheters
- EP Laboratory Devices
- Access Devices
- Others
Global Electrophysiology Devices Market by Indication
- Atrial Fibrillation (AF)
- Atrioventricular Nodal Re-entry Tachycardia (AVNRT)
- Wolff-Parkinson-White Syndrome (WPW)
- Atrial Flutter
- Others
Global Electrophysiology Devices Market by End User
- Hospitals
- Diagnostic Centers
- Clinics
- Others
Global Electrophysiology Devices Market by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:
Magnetic Resonance Imaging Market: The global magnetic resonance imaging market was valued at US$ 5,900 Mn in 2017 and is projected to expand at a CAGR of 5.2% from 2018 to 2026. There has been a substantial rise in incidence of disorders related with spine, neurology, orthopedic, cardiovascular, head and neck, and abdominal and prostate that has increased the demand for magnetic resonance imaging equipment across the world.
Microwave Ablation Devices Market: Rise in prevalence of cancer, lower procedural cost, and potential to perform treatment in an outpatient setting are the factors that drive the global microwave ablation devices market. Additionally, increase in the number of tumor ablation procedures using image-guided devices is projected to propel the global market.
Catheters Market: According to the research report, the global catheters market is projected to be worth US$55,985.1 mn by the end of 2025. During the forecast years of 2017 and 2025, the global catheters market is expected to exhibit a CAGR of 7.4%. Growing geriatric population is also projected to be an integral factor in driving the demand for catheters in the near future.
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