Electrophysiology Devices And Equipment Market Size, Share, Revenue, Trends And Drivers For 2024-2033
Electrophysiology Devices And Equipment Market Trends, Strategies, and Outlook by 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, September 2, 2024 /EINPresswire.com/ --
The electrophysiology devices and equipment market has experienced robust growth in recent years, expanding from $6.1 billion in 2023 to $6.74 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to cardiac arrhythmias prevalence, aging population, minimally invasive procedures, clinical guidelines and research.
Strong Future Growth Anticipated
The electrophysiology devices and equipment market is projected to continue its strong growth, reaching $9.66 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to personalized medicine, telehealth integration, global access to healthcare, electrophysiology devices in heart failure management.
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Growth Driver Of The Electrophysiology Devices And Equipment Market
An increase in the prevalence rate of cardiovascular diseases (CVD) forms one of the major drivers for the industries operating in the electrophysiology devices and equipment market. CVD cases remain the leading cause of death across the globe, which increases the demand for a quick and effective treatment of the disease, thus increasing the demand for electrophysiology devices.
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Major Players And Market Trends
Key players in the electrophysiology devices and equipment market include Boston Scientific Corporation, Abbott Laboratories, GE Healthcare, Philips Healthcare, Biotronik SE & Co. KG, Medtronic PLC.
Major companies operating in the electrophysiology devices and equipment markets are innovating new devices and equipment with the use of innovative technology, such as mapping catheter with TRUEref Technology, to sustain their position in the market. A mapping catheter is a medical device used in electrophysiology, particularly during cardiac procedures.
Segments:
1) By Product Type: Electrophysiology Ablation Catheters, Electrophysiology Diagnostic Catheters, Electrophysiology Lab Systems
2) By Monitoring Device Type: Electrocardiograph (ECG), Electroencephalograph (EEG), Electrocorticograph (ECoG), Electromyograph (EMG), Electroretinograph (ERG), Electrooculograph (EOG), Holter Monitoring Devices, X-Ray Systems, Imaging and 3D Mapping Systems, Diagnostic Electrophysiology Catheters
3) By Indication Analysis: Atrioventricular Nodal Reentry Tachycardia (AVNRT), Wolff-Parkinson-White Syndrome (WPW), Atrial Flutter, Atrial Fibrillation
4) By End-Users: Hospitals, Diagnostic centers, Clinics
Geographical Insights: North America Leading The Market
North America was the largest region in the global electrophysiology devices and equipment market in 2023. Western Europe was the second-largest region in the global electrophysiology devices and equipment market. The regions covered in the electrophysiology devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Electrophysiology Devices And Equipment Market Definition
Electrophysiology devices and equipment are used in the diagnosis and treatment of heart rhythm disorders through electrical activity.
Electrophysiology Devices And Equipment Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Electrophysiology Devices And Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on electrophysiology devices and equipment market size, electrophysiology devices and equipment market drivers and trends, electrophysiology devices and equipment market major players, electrophysiology devices and equipment competitors' revenues, electrophysiology devices and equipment market positioning, and electrophysiology devices and equipment market growth across geographies. The electrophysiology devices and equipment market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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