
Electrophysiology Market by Product (Access Device, Electrophysiology Ablation Catheter, Electrophysiology Diagnostic Catheter), Indication (Atrial Fibrillation, Atrial Flutter, Atrioventricular Nodal Reentry Tachycardia), End-User - Global Forecast 2024-
Description
Electrophysiology Market by Product (Access Device, Electrophysiology Ablation Catheter, Electrophysiology Diagnostic Catheter), Indication (Atrial Fibrillation, Atrial Flutter, Atrioventricular Nodal Reentry Tachycardia), End-User - Global Forecast 2024-2030
The Electrophysiology Market size was estimated at USD 197.64 million in 2023 and expected to reach USD 223.57 million in 2024, at a CAGR 13.58% to reach USD 482.05 million by 2030.
Electrophysiology is a branch of physiology that focuses on the study of the electrical properties of biological cells and tissues. The electrophysiology market encompasses all aspects of the research, development, manufacturing, and sale of devices and technologies used for the diagnosis and treatment of electrical activities of the heart. This includes diagnostic tests such as electrocardiograms (ECG), electrophysiological studies (EPS), and ablation devices. Increasing incidences of atrial fibrillation and preference for electrophysiology catheter ablation drive the market growth. Growing demand for minimally invasive procedures also plays a significant role in market expansion. The high cost of procedures and equipment, shortage of skilled professionals, and loosely defined healthcare reforms are among the limitations affecting the electrophysiology market. Technological advancements in electrophysiology devices and the Introduction of 3D mapping systems in electrophysiology are expected to create significant opportunities for the electrophysiology market.
the need for high-quality care in a more intimate and specialized settingAmbulatory surgery centers (ASCs) have been increasingly preferred for electrophysiological procedures due to their cost-effectiveness and efficiency. ASCs offer a convenient alternative for both patients and healthcare providers with shorter wait times and streamlined processes. Hospitals and cardiac centers are the traditional and dominant players in the electrophysiology market. They typically offer more comprehensive services due to their larger infrastructure and resources, including specialized staff, advanced technology, and the capacity to handle complex cases and emergencies. These centers prioritize integrated care with a wide spectrum of electrophysiological services, including both diagnostic and therapeutic procedures. In analyzing ASCs and hospitals & cardiac centers, ASCs are growing rapidly due to their convenience, efficiency, and lower costs, making them attractive for patients requiring routine procedures. They are often chosen for their high standard of personalized patient care and quick turnover times, which aids in cost minimization. Hospitals and cardiac centers, on the other hand, are selected for their ability to manage more complex and diverse cases.
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Table of Contents
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing incidences of atrial fibrillation
- 5.1.1.2. Growing demand for minimally invasive procedures
- 5.1.1.3. Increasing preference for electrophysiology catheter ablation
- 5.1.2. Restraints
- 5.1.2.1. High cost of procedures and equipment and shortage of skilled professionals
- 5.1.3. Opportunities
- 5.1.3.1. Technological advancements in electrophysiology devices
- 5.1.3.2. Introduction of 3D mapping system in electrophysiology
- 5.1.4. Challenges
- 5.1.4.1. Loosely defined healthcare reforms
- 5.2. Market Segmentation Analysis
- 5.2.1. Product: Growing demand for high-density mapping catheters due to their enhanced precision and detailed mapping capabilities
- 5.2.2. End-User: Rising popularity of ambulatory surgery centers (ASCs) due to
- the need for high-quality care in a more intimate and specialized setting
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Electrophysiology Market, by Product
- 6.1. Introduction
- 6.2. Access Device
- 6.3. Electrophysiology Ablation Catheter
- 6.4. Electrophysiology Diagnostic Catheter
- 6.5. Electrophysiology Laboratory Device
- 7. Electrophysiology Market, by Indication
- 7.1. Introduction
- 7.2. Atrial Fibrillation
- 7.3. Atrial Flutter
- 7.4. Atrioventricular Nodal Reentry Tachycardia
- 7.5. Wolff-Parkinson-White Syndrome
- 8. Electrophysiology Market, by End-User
- 8.1. Introduction
- 8.2. Ambulatory Surgery Centers
- 8.3. Hospitals & Cardiac Centers
- 9. Americas Electrophysiology Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Electrophysiology Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Electrophysiology Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. CardioFocus Acquires Electrophysiology Division of Galvanize Therapeutics
- 12.3.2. CathVision Unveils ECGenius 3.1 To Improve Workflows and Optimize EGM AI Analyses
- 12.3.3. Abbott Snags Two New Electrophysiology Product Approvals
- 12.4. Strategy Analysis & Recommendation
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
- FIGURE 1. ELECTROPHYSIOLOGY MARKET RESEARCH PROCESS
- FIGURE 2. ELECTROPHYSIOLOGY MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL ELECTROPHYSIOLOGY MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL ELECTROPHYSIOLOGY MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL ELECTROPHYSIOLOGY MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. ELECTROPHYSIOLOGY MARKET DYNAMICS
- FIGURE 7. GLOBAL ELECTROPHYSIOLOGY MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL ELECTROPHYSIOLOGY MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL ELECTROPHYSIOLOGY MARKET SIZE, BY INDICATION, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL ELECTROPHYSIOLOGY MARKET SIZE, BY INDICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL ELECTROPHYSIOLOGY MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL ELECTROPHYSIOLOGY MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS ELECTROPHYSIOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS ELECTROPHYSIOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES ELECTROPHYSIOLOGY MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES ELECTROPHYSIOLOGY MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC ELECTROPHYSIOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC ELECTROPHYSIOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA ELECTROPHYSIOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA ELECTROPHYSIOLOGY MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. ELECTROPHYSIOLOGY MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 22. ELECTROPHYSIOLOGY MARKET, FPNV POSITIONING MATRIX, 2023
Pricing
Currency Rates