Electrophysiology Catheter Market Growth and Analysis by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Electrophysiology Catheter Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Electrophysiology Diagnostic Catheters, and Electrophysiology Ablation Catheters); Application (Diagnosis and Monitoring, Treatment of Cardiac Arrhythmias, and Imaging and Mapping); End User (Hospitals, Ambulatory Surgical Centers, and Cardiac Catheterization Labs)

Report Date : Nov 2021
Report Code : TIPRE00011640

Category : Life Sciences
Status : Published

Available Report Formats :
No. of Pages : 251

Also Available in :

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Page Updated: Jun 2024

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The electrophysiology catheter market is expected to reach US$ 7,288.50 million by 2028 from US$ 4,133.18 million in 2021. The market is estimated to grow at a CAGR of 8.4% from 2021 to 2028.

The scope of the electrophysiology catheter market includes product type, application, end user and geography. Based on region, the electrophysiology catheter market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the electrophysiology catheter market, emphasizing various parameters such as market trends and opportunities, market dynamics, and competitive landscape analysis of leading market players across North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. It also includes COVID–19 impact analysis across the regions.

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Electrophysiology Catheter Market: Strategic Insights

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Market Insights

Technological Advancement Fuels Global Electrophysiology Catheters Market

Persistent improvement in medical science and continuous technological advancements resulted in extending longevity and improved quality of life. Developments, such as introducing three-dimensional (3D) EAM systems, have a long-lasting influence on catheter visualization, arrhythmia mapping, and reducing and eliminating fluoroscopy/radiation exposure in cardiac electrophysiology. The Frontiers S.A. report states that in addition to the continuous improvement in existing mapping systems, the global market is significantly driven by the launch of several new tools over the last few years. For example, Philips recently launched a new, non-fluoroscopic, dielectric-based imaging and navigation system, called KODEX-EPD. The system generates high-resolution 3D cardiac anatomical images without the need for direct catheter-tissue contact or pre-acquired imaging. Also, it holds high potential representing an open platform allowing high-quality procedures by reducing cost and burden on the patient. The company's design goal for electrophysiology catheters is to incorporate features that improve outcomes for patients and clinicians by reducing costs for healthcare providers. Moreover, in September 2020, Acutus Medical announced receiving FDA 510 (k) clearance for its second generation AcQMap 3D imaging and mapping catheter. This new product is the world's only integrated high-resolution ultrasound-based imaging and non-contact mapping catheter capable of capturing cardiac imaging information leading to an upward thrust in the market's growth.

Product Type-Based Insights

Based on product type, the electrophysiology catheter market is segmented into electrophysiology diagnostic catheters and electrophysiology ablation catheters. The electrophysiology diagnostic catheters are sub-segmented as conventional electrophysiology diagnostic catheters, advanced electrophysiology diagnostic catheters, and ultrasound electrophysiology diagnostic catheters. Further, electrophysiology ablation catheters are sub-segmented as cryoablation electrophysiology catheters, radiofrequency ablation catheters, microwave ablation systems, and laser ablation systems. The electrophysiology diagnostic catheters segment held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR of 8.8% in the market during the forecast period.

Application-Based Insights

Based on application, the electrophysiology catheter market is segmented into diagnosis and monitoring, treatment of cardiac arrhythmias, and imaging and mapping. The diagnosis and monitoring segment held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR of 9.0% in the market during the forecast period.

End User -Based Insights

Based on end user, the electrophysiology catheter market is segmented into hospitals, ambulatory surgical centers, and cardiac catheterization labs. The hospitals segment held the largest share of the market in 2021, and the same segment is anticipated to register the highest CAGR of 8.7% in the market during the forecast period.

Companies commonly adopt inorganic strategies such as mergers and acquisitions to cater to changing customer demand and maintain their brand name worldwide. Market players operating in the electrophysiology catheter market also adopt organic strategies such as product launch and expansion to outstretch their footprint and product portfolio worldwide and meet the growing demand.

Electrophysiology Catheter Market Regional Insights

The regional trends and factors influencing the Electrophysiology Catheter Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Electrophysiology Catheter Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Electrophysiology Catheter Market Report Scope

Report Attribute	Details
Market size in 2021	US$ 4.13 Billion
Market Size by 2028	US$ 7.29 Billion
Global CAGR (2021 - 2028)	8.4%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Product Type Electrophysiology Diagnostic Catheters Electrophysiology Ablation Catheters By Application Diagnosis and Monitoring Treatment of Cardiac Arrhythmias Imaging and Mapping By End User Hospitals Ambulatory Surgical Centers Cardiac Catheterization Labs
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	St. Jude Medical (Abbott) Boston Scientific Corporation Stryker Corporation Medtronic Transonic Systems Inc. CathRx Ltd APT MEDICAL INC. MicroPort Scientific Corporation Biosense Webster (Johnson and Johnson Services, Inc.)

Electrophysiology Catheter Market Players Density: Understanding Its Impact on Business Dynamics

The Electrophysiology Catheter Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Get the Electrophysiology Catheter Market top key players overview

By Product Type

Electrophysiology Diagnostic Catheters
- Conventional Electrophysiology Diagnostic Catheters
- Advanced Electrophysiology Diagnostic Catheters
- Ultrasound Electrophysiology Diagnostic Catheters
Electrophysiology Ablation Catheters
- Cryoablation Electrophysiology Catheters
- Radiofrequency Ablation Catheters
- Microwave Ablation Systems
- Laser Ablation Systems

By Application

Diagnosis and Monitoring
Treatment of Cardiac Arrhythmias
Imaging and Mapping

By End User

Hospitals
Ambulatory Surgical Centers
Cardiac Catheterization Labs

By Geography

North America
- US
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East & Africa
South and Central America
- Brazil
- Argentina
- Rest of South and Central America

Company Profiles

St. Jude Medical (Abbott)
Boston Scientific Corporation
Stryker Corporation
Medtronic
Transonic Systems Inc.
CathRx Ltd
APT MEDICAL INC.
MicroPort Scientific Corporation
Biosense Webster (Johnson and Johnson Services, Inc.)
Biotronik, Inc.

Frequently Asked Questions

What is the COVID 19 impact on the electrophysiology catheters market in the coming years?

With COVID-19 continuing to spread all over the world, researchers are looking into numerous options for possible treatment, including existing options. The pandemic of COVID-19 has had a significant impact on clinical medicine. Because so many resources have been poured into caring for those afflicted with the virus, elective medical treatments have reduced. The rates of atrial fibrillation ablation and implanted cardioverter-defibrillators (ICD) implantation fell faster than the rates of ventricular tachycardia (VT) ablation and device generator changes, indicating a shift away from elective medical operations. Telemedicine and digital health platforms proved effective during the pandemic as it was largely limited pre-pandemic due to technical and reimbursement barriers. But in the current COVID-19 crisis, the adoption of virtual medical services has grown tremendously and is projected to grow steadily in the coming years. For example, The Centers for Medicare and Medicaid Services have expanded telehealth services to keep people safe and assist healthcare providers to focus on individuals requiring the most dire healthcare needs.

Which region is expected to witness significant demand for electrophysiology catheters market in the coming years?

Global electrophysiology catheters 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 catheters. The growth of this market is primarily driven by the increasing prevalence of cardiovascular disorders and growing number of product launches by key players. The presence of well-established healthcare facilities coupled with infrastructure and high prevalence of arrhythmia and heart failure cases accounts for significant revenue till the forecast period. Heart disease is the leading cause of death in the US, resulting in recording approx. 647,000 deaths per year as per the Centers for Disease Control and Prevention (CDC).

Which are the top companies that hold the market share in electrophysiology catheters market?

Johnson and Johnson Services, Inc. and Abbott are the top two companies that hold huge market shares in the electrophysiology catheters market.

Who are the key players in the electrophysiology catheters market?

The electrophysiology catheters market majorly consists of the players such St. Jude Medical (Abbott), Boston Scientific Corporation, Stryker Corporation, Medtronic, Transonic Systems Inc., CathRx Ltd, APT MEDICAL INC., MicroPort Scientific Corporation, Biosense Webster (Johnson and Johnson Services, Inc.), and Biotronik, Inc. among others.

Which product type led the electrophysiology catheters market?

The electrophysiology diagnostic catheters segment held the largest share of the market in the global electrophysiology catheters market and held the largest market share of 60.36% in 2021.

Which application held the largest share in the electrophysiology catheters market?

The diagnosis segment dominated the global electrophysiology catheters market and accounted for the largest market share of 50.24% in 2021.

Which end user held the largest share in the electrophysiology catheters market?

The hospitals segment dominated the global electrophysiology catheters market and held the largest market share of 60.55% in 2021.

What is electrophysiology catheter?

Electrophysiology catheters are designed to be used for better compatibility to perform standard electrophysiology studies. The catheter comprises of compatible stimulators/amplifiers that are purchased separately by the operator. Depending on the features of the simulator/amplifier, pacing, and recording protocols can be performed inside the human's body to determine abnormalities. For example, electrophysiology catheters are performed inside the heart (intracardiac) or through the esophagus (transesophageal) for determining electrical properties of the atrium and ventricle. Diagnostic electrophysiology (EP) catheters are used for temporary intra-cardiac sensing, recording, stimulation, and mapping.

What are the driving factors for the electrophysiology catheters market across the globe?

Key factors that are driving the growth of this market are prevalence of cardiovascular disorders and technological advancement in electrophysiology catheters are expected to boost the market growth for the electrophysiology catheters over the years.

What is the market CAGR value of electrophysiology catheters market during forecast period?

The CAGR value of the electrophysiology catheters market during the forecasted period of 2021-2028 is 8.4%.

Research Manager

Mrinal Kerhalkar

Manager,
Market Research & Consulting

Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

What are the Electrophysiology Catheter Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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