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The global Electrophysiology Devices market value was USD 6.82 billion in 2023, driven by the increasing prevalence of cardiac arrhythmias across the globe. The market size is anticipated to grow at a CAGR of 10% during the forecast period of 2024-2032 to achieve a value of USD 16.08 billion by 2032.
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The growth of the global electrophysiology devices market is fuelled by factors such as the emergence of technologically advanced electrophysiology products, the rapid growth in the ageing population with a high risk of target diseases, increased incidences of cases of arrhythmia across the globe, and the growing focus of key market players to broaden their geographic presence.
Electrophysiology is the branch of physiology, which is loosely related to the flow of ions (ion current) in biological tissues and, in general, to the electrical recording techniques which enable this flow to be measured.
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The electrophysiology devices market can be segmented into type, indication, and end-use.
The industry can be broadly categorised on the basis of its type into:
The industry can be divided based on indication as:
Based on its end-use segments, the industry can be categorised as:
The EMR report looks into the regional electrophysiology devices markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
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The increasing use of electrophysiological devices in the diagnosis and treatment of heart diseases such as atrial fibrillation, increased demand for cardiac rhythm management devices for continuous monitoring, and the increased use of these devices in out-of-hospital settings are some of the high-impact drivers for the electrophysiology devices market growth. The rising prevalence of heart failure and cardiac attack cases among millennials due to lifestyle habits such as smoking, and the high consumption of alcohol are the major driving factors for the electrophysiology devices market growth.
The lack of skilled and trained electrophysiologists in the developing countries and unfavourable healthcare reforms in the United States are hampering the development of the electrophysiology devices market. The main challenges faced by market players are the rising price pressure on players in the market and stringent regulations.
The report presents a detailed analysis of the following key players in the global electrophysiology devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Indication |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The Electrophysiology Devices Market was valued at USD 6.82 billion in 2023.
The market is expected to grow at a CAGR of 10% from 2024 to 2032 to reach a value of USD 16.08 billion by 2032.
The major drivers of the market are the increased incidences of cases of arrhythmia worldwide, growth in the ageing population, and the rising focus of key market players.
The key trends guiding the market growth include the rising prevalence of heart failure and cardiac attack cases among millennials and emergence of technologically advanced electrophysiology products.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of electrophysiology devices in the market are EP ablation catheters, EP diagnostic catheters, EP laboratory devices, and access devices, among others.
The major indications in the market are atrial fibrillation (AF), atrioventricular nodal re-entry tachycardia (AVNRT), Wolff-Parkinson-White Syndrome (WPW), and atrial flutter, among others.
The leading end uses in the electrophysiology devices market are hospitals, diagnostic centres, and clinics, among others.
The major players in the market are Abbott Laboratories, Siemens Healthcare AG, Nihon Kohden Corporation, Boston Scientific Corporation, General Electric Company, Medtronic plc, and Koninklijke Philips N.V., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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