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Europe Electrophysiology Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024

Europe

The “Europe 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. Europe Electrophysiology Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Europe Electrophysiology market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Europe 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 European electrophysiology market is expected to witness a CAGR of 7% during the forecast period. Certain factors that are driving the growth of the market include increasing prevalence of target diseases, technological advancements in the field of electrophysiology, and increasing demand for catheter ablation procedures.
  • In Europe, 1-2% of the total healthcare expenditure is attributed to heart failure. According to the European Heart Network AISBL, around 3.9 million deaths in Europe and over 1.8 million deaths in the European Union occur due to cardiovascular diseases each year. It is expected that this number would increase further by 2030. Since electrophysiology devices have their major applications in detecting heart failure rates, the increasing number of heart failures is expected to drive the market during the forecast period. Other factors, such as high adoption rates in emerging markets due to technological advancements, rapid growth in aging population, increasing demand for catheter ablation procedures, etc. are also driving the market.
  • However, according to the European Union of Medical Specialists, very few cardiologists hold specialization in electrophysiology. Although not a favorable percentage, the electrophysiology workforce is more or less stable in Europe. Still, due to lack of mobility among the majority of the 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. Thus, the lack of skilled electrophysiologists is acting as a major restraint for the European electrophysiology 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 that they target have been taken into account for the calculation of the total market size in Europe.

    Europe 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 Europe Electrophysiology market?
    • What are the key market trends impacting the growth of the global Europe Electrophysiology market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Europe Electrophysiology market?
    • What are the market opportunities and threats faced by the vendors in the global Europe 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 Europe 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, which cause 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 type and cryoablation type are the most commonly used ablation catheters, which are expected to have a significant hold on the market with 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.

    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 Europe Electrophysiology Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Europe Electrophysiology.

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    Report Objectives:

    • Analyzing the size of the Europe 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 Europe Electrophysiology market.
    • Determining the key dynamics of the Europe Electrophysiology market.
    • Highlighting significant trends of the Europe Electrophysiology market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Europe 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 Europe Electrophysiology market.

    Detailed TOC of Europe 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 Europe
    5.3.1.1 UK
    5.3.1.2 Germany
    5.3.1.3 France
    5.3.1.4 Italy
    5.3.1.5 Spain
    5.3.1.6 Rest of Europe

    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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