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Electrophysiology Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024

Electrophysiology

The “Electrophysiology Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Electrophysiology Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Electrophysiology market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Electrophysiology Market Are:

  • Abbott Laboratories
  • Biotronik SE & Co.KG
  • Boston Scientific Corporation
  • GE Healthcare
  • Johnson & Johnson
  • Medtronic PLC
  • Microport Scientific Corporation
  • Philips Healthcare
  • Siemens AG

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    Market Overview:

  • The electrophysiology market is expected to register a CAGR of 6.5% during the forecast period. Certain factors that are driving the growth of the market are increasing the prevalence of target diseases, technological advancements in the field of electrophysiology, and increasing demand for catheter ablation procedures.
  • In Europe and North America, 1-2% of the total healthcare expenditure is attributed to heart failure. In 2016, around 5.5 million people were diagnosed with heart failure in the United States. According to the American Heart Association, this number is expected to increase to 8 million by 2030. Since electrophysiology devices have a major application in detecting heart failure rates, the increasing number of cardiac failures is expected to drive the market over the forecast period.
  • In addition, a rapid increase in the aging population was found to be responsible for increasing heart failure rates, which has further contributed to the growth of the electrophysiology market.
  • However, as of 2017, in the United States, only 6-8% of cardiologists hold specialization in electrophysiology. Despite not being a favorable percentage, the EP workforce is more or less stable in the United States. Due to lack of mobility among the majority of established electrophysiologists, there exists a distinct lag in geographical dispersion of the EPs, which has resulted in a rift between the demand and supply, and a visible disparity among electrophysiologists. Hence, the lack of skilled electrophysiologists is acting as a major restraint for the electrophysiology market.
  • Additionally, unfavorable healthcare reforms, along with lack of proper reimbursement policies, are also responsible for hindering the growth of the market.

    Scope of the Report:

  • Electrophysiology is the biomedical field that deals with the study of electric activity in the body. Electrophysiology includes the study of the generation of electrical activity and the effects of that electrical activity on the body. As per the scope of this report, the various types of electrophysiology products and the diseases which they target have been taken into account for the calculation of the total market size.

    Electrophysiology Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Electrophysiology market?
    • What are the key market trends impacting the growth of the global Electrophysiology market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Electrophysiology market?
    • What are the market opportunities and threats faced by the vendors in the global Electrophysiology market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Electrophysiology market?

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    Key Market Trends:

    Ablation Catheters are Expected to hold the Highest Market Share in the Product Type

    Ablation catheters are useful in removing anomalous heart tissues that may result in irregular heartbeats. These devices work on the basis of ablation, which is a minimally invasive procedure that employs catheters to demolish the defective electrical pathways from the heart. Radiofrequency ablation and cryoablation are the most commonly used types of ablation catheters, and both are expected to hold significant market shares, aided by related advancements in the technology. Radiofrequency (RF) ablation uses locally delivered, high-energy RF signals to make the scars. On the other hand, cryoablation uses extremely cold temperatures for making the scars. Sometimes, laser light energy is also used.

    North America Dominates the Market and it is Expected to Continue So during the Forecast Period

    Currently, North America dominates the market for electrophysiology and the region is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the presence of well-established healthcare facilities and rise in the number of arrhythmia and heart failure cases in the region. Asia-Pacific is also expected to propel the electrophysiology market, owing to factors, such as increasing accessibility to healthcare facilities in the region, rising medical tourism, and increasing incidences of heart failure cases.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Electrophysiology Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Electrophysiology.

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    Report Objectives:

    • Analyzing the size of the Electrophysiology market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Electrophysiology market.
    • Determining the key dynamics of the Electrophysiology market.
    • Highlighting significant trends of the Electrophysiology market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Electrophysiology market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Electrophysiology market.

    Detailed TOC of Electrophysiology Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Prevalence of Target Diseases
    4.2.2 Technological Advancements in the Field of Electrophysiology
    4.2.3 Increasing Demand for Catheter Ablation Procedures
    4.3 Market Restraints
    4.3.1 Lack of Skilled Professionals
    4.3.2 Unfavorable Healthcare Reforms
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Product
    5.1.1 Ablation Catheters
    5.1.1.1 Cryoablation EP Catheters
    5.1.1.2 Radiofrequency Ablation Catheters
    5.1.1.3 Microwave Ablation Systems
    5.1.1.4 Laser Ablation Systems
    5.1.1.5 Other Ablation Catheters
    5.1.2 Laboratory Devices
    5.1.2.1 EP X-Ray Systems
    5.1.2.2 3D Mapping Systems
    5.1.2.3 EP Recording Systems
    5.1.2.4 EP Remote Steering Systems
    5.1.2.5 Other Laboratory Devices
    5.1.3 Diagnostic Catheters
    5.1.3.1 Conventional EP Diagnostic Catheters
    5.1.3.2 Advanced EP Diagnostic Catheters
    5.1.3.3 Ultrasound EP Diagnostic Catheters
    5.1.4 Access Devices
    5.1.5 Other Products
    5.2 Target Disease
    5.2.1 Atrial Fibrillation
    5.2.2 Atrial Flutter
    5.2.3 Wolff-Parkinson-White Syndrome
    5.2.4 Atrioventricular Nodal Reentry Tachycardia
    5.2.5 Other Target Diseases
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott Laboratories
    6.1.2 Biotronik SE & Co.KG
    6.1.3 Boston Scientific Corporation
    6.1.4 GE Healthcare
    6.1.5 Johnson & Johnson
    6.1.6 Medtronic PLC
    6.1.7 Microport Scientific Corporation
    6.1.8 Philips Healthcare
    6.1.9 Siemens AG

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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