The electrophysiology market is expected to grow from US$ 8,286.18 million in 2022 to US$ 14,849.01 million by 2028; it is expected to register a CAGR of 10.2% from 2022 to 2028.
Electrophysiology (EP) is a biomedical field that deals with studying electric activity in the body. It is also called invasive cardiac electrophysiology, a series of tests examining the heart's electrical activity. It is performed to assess the heart's electrical system or activity and is used to diagnose and treat heart rhythm disorders or arrhythmia. The test is performed using catheters and wire electrodes that measure electrical activity via blood vessels that enter the heart. The increase in cardiovascular disorders such as atrial fibrillation, atrial flutter, and others and a significant increase in the geriatric and obese population are the key factors driving the growth of the electrophysiology market. However, the high cost of electrophysiology devices and unfavorable reimbursement scenarios hamper the market growth.
The report offers insights and in-depth analysis of the electrophysiology market, emphasizing various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of global leading market players. It also includes the impact of the COVID-19 pandemic on the market across all regions. Due to the COVID-19 pandemic, many health authorities focused on pandemic-related care. They avoided human contact due to growing transmission and strain on healthcare resources by postponing elective surgeries, suspending outpatient clinics, and triaging employees involved in urgent care. Furthermore, many countries imposed restrictions on nonclinical staff's access to the facility and guests. Moreover, there was an increase in the prevalence of cardiovascular conditions among COVID-19 patients, which further created the demand for electrophysiology studies, which resulted in market growth. Recent COVID-19 guidelines for healthcare professionals suggested a focus on urgent care and triaging cases to postpone elective surgeries and clinic appointments, with a transition to virtual-based care when appropriate.
Moreover, many companies manufacturing electrophysiology devices focus on responding to emergencies through various strategies such as manufacturing PPEs for healthcare workers, distributing pharmaceutical drugs, and other activities. Further, in November 2020, Medtronic and the Medtronic foundation has committed the financial support of US$ 3.8 million on a global level to provide healthcare worker support in terms of food, operational support, mental health support, PPE kits, and others. Thus, the pandemic had a short-term negative impact on the electrophysiology market
The electrophysiology market is segmented into product, indication, and geography. By region, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.
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Electrophysiology Market: Strategic Insights
Market Size Value in US$ 8,286.18 million in 2022 Market Size Value by US$ 14,849.01 million by 2028 Growth rate CAGR of 10.2% from 2022 to 2028. Forecast Period 2022-2028 Base Year 2022
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Electrophysiology Market: Strategic Insights
| Market Size Value in | US$ 8,286.18 million in 2022 |
| Market Size Value by | US$ 14,849.01 million by 2028 |
| Growth rate | CAGR of 10.2% from 2022 to 2028. |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Lucrative Regions for Electrophysiology Market
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Market Insights
Increasing Incidence of Target Diseases and Procedures
Increasing Incidence of Target Diseases and Procedures
Atrial fibrillation (AF) is the most commonly diagnosed arrhythmia in clinical practice, affecting over ~886,000 new people in Europe each year. According to a report on the burden of atrial fibrillation, the number of people with AF is expected to increase by 70% of the population by 2030, and by 2050 Europe is expected to have the highest number of patients with AF. As per the Centers for Disease Control and Prevention (CDC), in the US, it is estimated that this number will increase to 12.1 million by 2030. According to a study published in the Medical Journal of Australia in August 2015, the number of patients over 55 years of age with AF in Australia is expected to grow from 328,562 in June 2014 to ~600,000 cases by 2034. As per BioSig Technologies' 2019 annual report, the number of ablation procedures worldwide was projected to increase from 973,220 in 2017 to 1,455,000 by 2022; within this category, complex ablations were expected to increase by 13.5% annually from 440,629 in 2017 to 830,390 by 2022. Thus, the rising incidence of these diseases is increasing the demand for electrophysiological (EP) procedures, thereby acting as a driver for the growth of the electrophysiology market.
Product-Based Insights
Based on product, the global electrophysiology market is segmented into electrophysiology ablation catheters, electrophysiology laboratory devices, electrophysiology diagnostic catheters, access devices, and others. In 2022, the electrophysiology laboratory devices segment accounted for the largest share of the market; it is further expected to continue its dominance over the forecast period. However, the electrophysiology ablation catheters segment is expected to register the highest CAGR in the electrophysiology market during 2022–2028.
Electrophysiology Market, by Product – 2022 and 2028
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Indication-Based Insights
Based on indication, the electrophysiology market is segmented into atrial fibrillation (AF), atrial flutter, atrioventricular nodal reentry tachycardia (AVNRT), wolff-parkinson-white syndrome (WPW), and others. The atrial fibrillation segment held the largest market share in 2021 and is anticipated to register the highest CAGR during the forecast period.
The electrophysiology market players adopt organic strategies such as product launch and expansion to expand their footprint and product portfolio worldwide and meet the growing demand. In April 2022, Shanghai MicroPort Endovascular MedTech (Group) Co., Ltd. (Endovastec) recently hosted a product launch event titled Elephant trunk for the heart: revival of the classic” for its Fontus Branched Surgical Stent Graft System; Fontus; which was held back-to-back with a seminar on the stented elephant trunk procedure. Twenty-one experts from 17 hospitals gathered virtually to share clinical data and information related to the application of Fontus, which attracted the attendance of over 5,000 viewers online.
Geography-Based Insights
By geography, the electrophysiology market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of the MEA), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Company-Based Insights
Abbott Laboratories; Biotronik, Inc.; Boston Scientific Corporation; CardioFocus; GE Healthcare; Koninklijke Philips N.V.; Johnson & Johnson Services, Inc.; Medtronic; MicroPort Scientific Corporation; and Siemens Healthineers AG is among the leading companies operating in the electrophysiology market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product and Indication
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Electrophysiology (EP) is a biomedical field that deals with the study of electric activity in the body. It is also called as invasive cardiac electrophysiology, a series of tests that examine the heart's electrical activity. It is performed to assess the heart's electrical system or activity and is used to diagnose and treat heart rhythm disorders or arrhythmia. The test is performed by using catheters and wire electrodes that measure electrical activity via blood vessels that enter the heart.
Key factors driving the growth of the market are increasing incidence of target diseases and procedures and growing geriatric population.
The electrophysiology market, based on product, has been segmented into electrophysiology ablation catheters, electrophysiology laboratory devices, electrophysiology diagnostic catheters, access devices, and others. The electrophysiology laboratory devices segment is likely to hold the largest share of the market in 2022. However, the electrophysiology ablation catheters segment is anticipated to register the highest CAGR in the market during the forecast period of 2022 to 2028.
The electrophysiology market, by indication, the market is fragmented into atrial fibrillation (AF), atrial flutter, atrioventricular nodal reentry tachycardia (AVNRT), wolff-parkinson-white syndrome (WPW), and others. The Atrial Fibrillation segment held the largest share of the market in 2022 and anticipated to register the highest CAGR of 11.0% in the market during the forecast period.
Abbott Laboratories, Biotronik, Inc., Boston Scientific Corporation, CardioFocus, GE Healthcare, Koninklijke Philips N.V., Johnson & Johnson Services, Inc., Medtronic, MicroPort Scientific Corporation, Siemens Healthineers AG, are among the leading companies operating in the global electrophysiology market
Global electrophysiology market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In North America, the U.S. is the largest market for electrophysiology market during the forecast period. rapid technological advancements in the field of healthcare due to rising prevalence of cardiovascular problems, increase in product approvals for the treatment of various heart related diseases, and the growing emphasis of prominent players on emerging markets are likely to boost the North American electrophysiology market during the forecast period. Additionally owing to the high prevalence of chronic disorders, increase in healthcare expenditure, and growing aging population are the key factor responsible for the Asia-Pacific regional growth for electrophysiology accounting fastest growth of the region during the coming years.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Electrophysiology Market – By Product
1.3.2 Global Electrophysiology Market – By Indication
1.3.3 Global Electrophysiology Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electrophysiology Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South And Central America PEST Analysis
4.3 Experts Opinion
5. Electrophysiology Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Incidence of Target Diseases and Procedures
5.1.2 Growing Geriatric Population
5.2 Market Restraints
5.2.1 High Cost of Electrophysiology Products and Inadequate Reimbursement Process
5.3 Market Opportunities
5.3.1 Rising Number of Emerging Markets
5.4 Future Trends
5.4.1 Increasing Advancements, Product Launches, and Approvals
5.5 Impact Analysis
6. Electrophysiology Market– Global Analysis
6.1 Global Electrophysiology Market Revenue Forecast and Analysis
6.1.1 Global Electrophysiology Market Revenue Forecast and Analysis
6.1.2 Global Electrophysiology Market – Market Potential Analysis, By Region
6.2 Company Analysis
6.2.1 Market Positioning of Key Players
6.2.2 Comparative Company Analysis
6.2.3 Growth Strategy Analysis
6.2.4 Performance of Key Players
6.2.4.1 Abbott Laboratories
6.2.4.2 Johnson & Johnson Services, Inc.
6.2.4.3 Medtronic plc.
7. Electrophysiology Market Analysis – By Product
7.1 Overview
7.2 Electrophysiology Market, By Product, 2022 & 2028 (%)
7.3 Electrophysiology Ablation Catheters
7.3.1 Overview
7.3.2 Electrophysiology Ablation Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Electrophysiology Laboratory Devices
7.4.1 Overview
7.4.2 Electrophysiology Laboratory Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Electrophysiology Diagnostic Catheters
7.5.1 Overview
7.5.2 Electrophysiology Diagnostic Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.6 Access Devices
7.6.1 Overview
7.6.2 Access Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
8. Electrophysiology Market Analysis – By Indication
8.1 Overview
8.2 Electrophysiology Market Revenue Share, by Indication (2022 and 2028)
8.3 Atrial Fibrillation
8.3.1 Overview
8.3.2 Atrial Fibrillation: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Atrial Flutter
8.4.1 Overview
8.4.2 Atrial Flutter: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Wolff-Parkinson-White (WPW) Syndrome
8.5.1 Overview
8.5.2 Wolff-Parkinson-White (WPW) Syndrome: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Atrioventricular Nodal Re-entry Tachycardia (AVNRT)
8.6.1 Overview
8.6.2 Atrioventricular Nodal Re-entry Tachycardia (AVNRT): Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9. Global Electrophysiology Market – Geographic Analysis
9.1 North America: Electrophysiology Market
9.1.1 Overview
9.1.2 North America: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3 North America: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.1.4 North America: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.1.5 North America: Electrophysiology Market, by Country, 2022 & 2028 (%)
9.1.5.1 US: Electrophysiology Market– Revenue and Forecast to 2028 (US$ Million)
9.1.5.1.1 US: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1.2 US: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.1.5.1.3 US: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.1.5.2 Canada: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2.1 Canada: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2.2 Canada: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.1.5.2.3 Canada: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.1.5.3 Mexico: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3.1 Mexico: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3.2 Mexico: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.1.5.3.3 Mexico: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.2 Europe: Electrophysiology Market
9.2.1 Overview
9.2.2 Europe: Electrophysiology Market - Revenue and Forecasts to 2028 (US$ Million)
9.2.3 Europe: Electrophysiology Market, Revenue and Forecasts to 2028, By Product (US$ Million)
9.2.4 Europe: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.2.5 Europe: Electrophysiology Market, by Country, 2022 & 2028 (%)
9.2.5.1 Germany: Electrophysiology Market - Revenue and Forecasts to 2028 (US$ Million)
9.2.5.1.1 Germany: Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.2 Germany: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.2.5.1.3 Germany: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.2.5.2 France: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
9.2.5.2.1 France: Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.2 France: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.2.5.2.3 France: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.2.5.3 UK: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.1 UK: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.2 UK: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.2.5.3.3 UK: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.2.5.4 Italy: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.4.1 Italy: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.4.2 Italy: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.2.5.4.3 Italy: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.2.5.5 Spain: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.5.1 Spain: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.5.2 Spain: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.2.5.5.3 Spain: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.2.5.6 Rest of Europe: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.6.1 Rest of Europe: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.6.2 Rest of Europe: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.2.5.6.3 Rest of Europe: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.3 Asia Pacific Electrophysiology Market Revenue and Forecasts To 2028
9.3.1 Overview
9.3.2 Asia Pacific: Electrophysiology Market - Revenue and Forecast to 2028 (USD Million)
9.3.3 Asia Pacific: Electrophysiology Market, By Product, 2019–2028 (USD Million)
9.3.4 Asia Pacific: Electrophysiology Market, by Indication, 2019–2028 (USD Million)
9.3.5 Asia Pacific: Electrophysiology Market, by Country, 2022 & 2028 (%)
9.3.5.1 China: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.1.1 China: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.1.2 China: Electrophysiology Market, By Product, 2019–2028 (USD Million)
9.3.5.1.3 China: Electrophysiology Market, by Indication, 2019–2028 (USD Million)
9.3.5.2 Japan: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.2.1 Japan: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.2.2 Japan: Electrophysiology Market, By Product, 2019–2028 (USD Million)
9.3.5.2.3 Japan: Electrophysiology Market, by Indication, 2019–2028 (USD Million)
9.3.5.3 India: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.3.1 India: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.3.2 India: Electrophysiology Market, By Product, 2019–2028 (USD Million)
9.3.5.3.3 India: Electrophysiology Market, by Indication, 2019–2028 (USD Million)
9.3.5.4 Australia: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.4.1 Australia: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.4.2 Australia: Electrophysiology Market, By Product, 2019–2028 (USD Million)
9.3.5.4.3 Australia: Electrophysiology Market, by Indication, 2019–2028 (USD Million)
9.3.5.5 South Korea: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.5.1 South Korea: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.5.2 South Korea: Electrophysiology Market, By Product, 2019–2028 (USD Million)
9.3.5.5.3 South Korea: Electrophysiology Market, by Indication, 2019–2028 (USD Million)
9.3.5.6 Rest of Asia Pacific: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.6.1 Rest of Asia Pacific: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.6.2 Rest of Asia Pacific: Electrophysiology Market, By Product, 2019–2028 (USD Million)
9.3.5.6.3 Rest of Asia Pacific: Electrophysiology Market, by Indication, 2019–2028 (USD Million)
9.4 Middle East & Africa Electrophysiology Market Revenue and Forecasts To 2028
9.4.1 Overview
9.4.2 Middle East and Africa: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
9.4.3 Middle East and Africa: Electrophysiology Market, by Product, 2019–2028 (US$ ‘Million)
9.4.4 Middle East and Africa: Electrophysiology Market, by Indication, 2019–2028 (US$ Million)
9.4.5 Middle East and Africa: Electrophysiology Market, by Country, 2022 & 2028 (%)
9.4.5.1 UAE: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
9.4.5.1.1 UAE: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
9.4.5.1.2 UAE: Electrophysiology Market, by Product, 2019–2028 (US$ ‘Million)
9.4.5.1.3 UAE: Electrophysiology Market, by Indication, 2019–2028 (US$ ‘Million)
9.4.5.2 Saudi Arabia: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
9.4.5.2.1 Saudi Arabia: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
9.4.5.2.2 Saudi Arabia: Electrophysiology Market, by Product, 2019–2028 (US$ ‘Million)
9.4.5.2.3 Saudi Arabia: Electrophysiology Market, by Indication, 2019–2028 (US$ ‘Million)
9.4.5.3 South Africa: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
9.4.5.3.1 South Africa: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
9.4.5.3.2 South Africa: Electrophysiology Market, by Product, 2019–2028 (US$ ‘Million)
9.4.5.3.3 South Africa: Electrophysiology Market, by Indication, 2019–2028 (US$ ‘Million)
9.4.5.4 Rest of Middle East and Africa: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
9.4.5.4.1 Rest of Middle East and Africa: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
9.4.5.4.2 Rest of Middle East and Africa: Electrophysiology Market, by Product, 2019–2028 (US$ ‘Million)
9.4.5.4.3 Rest of Middle East and Africa: Electrophysiology Market, by Indication, 2019–2028 (US$ ‘Million)
9.5 South & Central America Electrophysiology Market Revenue and Forecasts To 2028
9.5.1 Overview
9.5.2 South and Central America: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.5.3 South and Central America: Electrophysiology Market, By Product, 2019–2028 (USD Million)
9.5.4 South and Central America: Electrophysiology Market, by Indication, 2019–2028 (USD Million)
9.5.5 South and Central America: Electrophysiology Market, by Country, 2022 & 2028 (%)
9.5.5.1 Brazil: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.5.5.1.1 Overview
9.5.5.1.2 Brazil: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.5.5.1.3 Brazil: Electrophysiology Market, By Product, 2019–2028 (USD Million)
9.5.5.1.4 Brazil: Electrophysiology Market, by Indication, 2019–2028 (USD Million)
9.5.5.2 Argentina: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.5.5.2.1 Overview
9.5.5.2.2 Argentina: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.5.5.2.3 Argentina: Electrophysiology Market, By Product, 2019–2028 (USD Million)
9.5.5.2.4 Argentina: Electrophysiology Market, by Indication, 2019–2028 (USD Million)
9.5.5.3 Rest of South & Central America: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.5.5.3.1 Overview
9.5.5.3.2 Rest of South & Central America: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
9.5.5.3.3 Rest of South & Central America: Electrophysiology Market, By Product, 2019–2028 (USD Million)
9.5.5.3.4 Rest of South & Central America: Electrophysiology Market, by Indication, 2019–2028 (USD Million)
10. Impact Of COVID-19 Pandemic on Electrophysiology Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.5 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Electrophysiology Market–Industry Landscape
11.1 Overview
11.2 Growth Strategies in The Electrophysiology Market, 2022-2028
11.3 Organic Developments
11.3.1 Overview
11.3.2 Organic Growth Strategies in The Electrophysiology Market, 2022-2028
11.4 Inorganic Developments
11.4.1 Overview
11.4.2 Inorganic Growth Strategies in The Electrophysiology Market, 2022-2028
12. Company Profiles
12.1 Abbott
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Biotronik, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Boston Scientific Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 CardioFocus.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 GE Healthcare
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Koninklijke Philips N.V.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Johnson & Johnson Services, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Medtronic
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 MicroPort Scientific Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Siemens Healthineers AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 2. North America Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 3. US Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 4. US Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 5. Canada Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 6. Canada Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 7. Mexico Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 8. Mexico Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 9. Europe Electrophysiology Market Revenue and Forecasts to 2028, By Product (US$ Million).
Table 10. Europe Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 11. Germany Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 12. Germany Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 13. France Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 14. France Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 15. UK Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 16. UK Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 17. Italy: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 18. Italy Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 19. Spain Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 20. Spain Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 21. Rest of Europe: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 22. Rest of Europe: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 23. Asia Pacific: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 24. Asia Pacific Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)
Table 25. China: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 26. China: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)
Table 27. Japan: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 28. Japan: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)
Table 29. India: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 30. India: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)
Table 31. Australia: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 32. Australia: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)
Table 33. South Korea: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 34. South Korea: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)
Table 35. Rest of Asia Pacific: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 36. Rest of Asia Pacific: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)
Table 37. Middle East and Africa: Electrophysiology Market, by Product – Revenue and Forecast to 2028 (US$ ‘Million)
Table 38. Middle East and Africa: Electrophysiology Market, by Indication – Revenue and Forecast to 2028 (US$ Million)
Table 39. UAE: Electrophysiology Market, by Product – Revenue and Forecast to 2028 (US$ ‘Million)
Table 40. UAE: Electrophysiology Market, by Indication – Revenue and Forecast to 2028 (US$ ‘Million)
Table 41. Saudi Arabia: Electrophysiology Market, by Product – Revenue and Forecast to 2028 (US$ ‘Million)
Table 42. Saudi Arabia: Electrophysiology Market, by Indication – Revenue and Forecast to 2028 (US$ ‘Million)
Table 43. South Africa: Electrophysiology Market, by Product – Revenue and Forecast to 2028 (US$ ‘Million)
Table 44. South Africa: Electrophysiology Market, by Indication – Revenue and Forecast to 2028 (US$ ‘Million)
Table 45. Rest of Middle East and Africa: Electrophysiology Market, by Product – Revenue and Forecast to 2028 (US$ ‘Million)
Table 46. Rest of Middle East and Africa: Electrophysiology Market, by Indication – Revenue and Forecast to 2028 (US$ ‘Million)
Table 47. South and Central America: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 48. South and Central America: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)
Table 49. Brazil: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 50. Brazil: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)
Table 51. Argentina: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 52. Argentina: Electrophysiology Market, by Indication – Revenue and Forecast to 2028 (USD Million)
Table 53. Rest of South & Central America: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)
Table 54. Rest of South & Central America: Electrophysiology Market, By Indication – Revenue and Forecast to 2028 (USD Million)
Table 55. Recent Organic Growth Strategies in The Electrophysiology Market
Table 56. Recent Inorganic Growth Strategies in The Electrophysiology Market
Table 57. Glossary of Terms
LIST OF FIGURES
Figure 1. Electrophysiology Market Segmentation
Figure 2. Electrophysiology Market, By Geography
Figure 3. Global Electrophysiology Market Overview
Figure 4. Removable Segment Held Largest Share of Product in Electrophysiology Market
Figure 5. Asia Pacific is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Electrophysiology Market, by Geography (US$ Million)
Figure 7. Global Electrophysiology Market- Leading Country Markets (US$ Million)
Figure 8. Global Electrophysiology Market, Industry Landscape
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. Middle East and Africa: PEST Analysis
Figure 13. South And Central America: PEST Analysis
Figure 14. Experts Opinion
Figure 15. Electrophysiology Market Impact Analysis of Driver and Restraints
Figure 16. Global Electrophysiology Market– Revenue Forecast and Analysis – 2020- 2028
Figure 17. Global Electrophysiology Market– Revenue Forecast and Analysis – 2022 - 2028
Figure 18. Global Electrophysiology Market – Market Potential Analysis, By Region
Figure 19. Market Positioning of Key Players in Global Electrophysiology Market
Figure 20. Global Electrophysiology Market – Comparative Company Analysis
Figure 21. Global Electrophysiology Market – Growth Strategy Analysis
Figure 22. Electrophysiology Market, by Product, 2022 & 2028 (%)
Figure 23. Electrophysiology Ablation Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 24. Electrophysiology Laboratory Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 25. Electrophysiology Diagnostic Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 26. Access Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 27. Others: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 28. Electrophysiology Market Revenue Share, by Indication (2022 and 2028)
Figure 29. Atrial Fibrillation: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Atrial Flutter: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Wolff-Parkinson-White (WPW) Syndrome: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Atrioventricular Nodal Re-entry Tachycardia (AVNRT): Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Others: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. North America: Electrophysiology Market, by Key Country – Revenue (2022) (US$ Million)
Figure 35. North America Electrophysiology Market Revenue and Forecast to 2028 (US$ Million)
Figure 36. North America: Electrophysiology Market, by Country, 2022 & 2028 (%)
Figure 37. US: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Canada: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Mexico: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Electrophysiology Market, Revenue Overview, by Country, (2022) (US$ Million)
Figure 41. Europe: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 42. Europe Electrophysiology Market, by Country, 2022 & 2028 (%)
Figure 43. Germany Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
Figure 44. France: Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
Figure 45. UK: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Italy: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Spain: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Rest of Europe: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Asia Pacific: Electrophysiology Market, by Key Country – Revenue (2022) (USD Million)
Figure 50. Asia Pacific Electrophysiology Market Revenue and Forecast to 2028 (USD Million)
Figure 51. Asia Pacific: Electrophysiology Market, by Country, 2022 & 2028 (%)
Figure 52. China: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
Figure 53. Japan: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
Figure 54. India: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
Figure 55. Australia: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
Figure 56. South Korea: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
Figure 57. Rest of Asia Pacific: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
Figure 58. Middle East and Africa: Electrophysiology Market, by Key Country – Revenue (2022) (US$ ‘Million)
Figure 59. Middle East and Africa: Electrophysiology Market Revenue and Forecast to 2028 (US$ ‘Million)
Figure 60. Middle East and Africa: Electrophysiology Market, by Country, 2022 & 2028 (%)
Figure 61. UAE: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
Figure 62. Saudi Arabia: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
Figure 63. South Africa: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
Figure 64. Rest of Middle East and Africa: Electrophysiology Market – Revenue and Forecast to 2028 (US$ ‘Million)
Figure 65. South and Central America: Electrophysiology Market, by Key Country – Revenue (2022) (USD Million)
Figure 66. South and Central America Electrophysiology Market Revenue and Forecast to 2028 (USD Million)
Figure 67. South and Central America: Electrophysiology Market, by Country, 2022 & 2028 (%)
Figure 68. Brazil: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
Figure 69. Argentina: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
Figure 70. Rest of South & Central America: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)
Figure 71. Impact of COVID-19 Pandemic in North American Country Markets
Figure 72. Impact of COVID-19 Pandemic in European Country Market
Figure 73. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 74. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 75. Impact of COVID-19 Pandemic in South and Central American Countries
Figure 76. Growth Strategies in The Electrophysiology Market, 2022-2028
The List of Companies - Electrophysiology market
- Abbott Laboratories
- Biotronik, Inc.
- Boston Scientific Corporation
- CardioFocus
- GE Healthcare
- Koninklijke Philips N.V.
- Johnson & Johnson Services, Inc.
- Medtronic
- MicroPort Scientific Corporation
- Siemens Healthineers AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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