Asia Pacific Electrophysiology Market to Witness Exponential Growth at $2.5 Bn by 2027

Author : Ronak Bora | Published Date : 2021-08-27 

Looking at all the aforementioned factors, the Asia Pacific electrophysiology market revenue is predicted to surpass USD 2.5 billion by the end of 2027.

The demand for electrophysiology is set to rise across Asia Pacific due to a significant rise in the number of incidences of cardiac diseases like atrial flutter, tachycardia and atrial fibrillation. This is mainly due to rapid urbanization, sedentary lifestyle, unhealthy dietary choices and lack of exercise. Also, Asia Pacific electrophysiology market has witnessed a substantial rise in geriatric population, who are more susceptible to cardiac disorders. In addition, organization of awareness programs regarding the usage of electrophysiology procedures will boost its adoption.

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Below mentioned trends will signify future growth prospects of the electrophysiology market in Asia Pacific:

Growing demand for EP ablation catheters and EP diagnostic catheters

The overall Asia Pacific electrophysiology market size from electrophysiology ablation catheters is predicted to register a CAGR of 14.5% through the projected timeframe. Growing proclivity for catheter ablation for effectively treating cardiac arrythmia has prompted the usage of EP ablation catheters. These products are considered as better alternatives than drug treatment for long-term effects.

On the other hand, electrophysiology diagnostic catheters accounted for a market share of over 35% in 2020. They are used for confirming the presence of atrial fibrillation and identifying a suitable treatment. Rising incidences of obesity and growing geriatric population has increased the prevalence of rhythmic disorders like arrhythmia, thus increasing the usage of these products.

Increasing incidences of atrial fibrillation

Atrial fibrillation segment is predicted to grow at a significant 14.2% CAGR during the study timeframe. Unhealthy dietary choices and growing elderly population are prime driving factors responsible for the increasing prevalence of atrial fibrillation patients. Supporting this statement, a study conducted by Johnson & Johnson Medical Devices has confirmed that the number of patients diagnosed with atrial fibrillation will reach over 72 million over the coming years.

Atrial fibrillation results in other disorders like stroke, dementia, blood clots and other heart-related, life-threatening complications if not diagnosed in time. Considering all the risks associated with atrial fibrillation, it can be predicted that the Asia Pacific electrophysiology market will witness lucrative growth from the segment in the near future.

Rising penetration across hospital settings

Favorable reimbursement policies and capability of establishing state-of-the-art infrastructure has boosted the growth of hospitals over the years. This is the reason hospitals registered a market revenue of USD 500 million in 2020. The diagnostic and screening devices used in hospitals are highly precise in mapping cardiac diseases and assisting further treatments. Patients therefore prefer visiting hospitals for treating cardiac disorders, which will in turn help in achieving significant growth for electrophysiology market in the near future.

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Japan poised to be a huge consumer base for electrophysiology

On the regional front, electrophysiology market in Japan accounted for a share of 22% in 2020 and will showcase significant growth numbers owing to the presence of key Asia Pacific electrophysiology market players. To add to that, increasing geriatric population and growing incidences of cardiac arrhythmia will further support the market growth. Japan has also adopted minimally invasive medical procedures on a large scale which can prove beneficial for the expansion of the industry.

Table of Contents (ToC) of the report:

Chapter 1.  Methodology

1.1. Market definitions

1.2. Forecast assumptions

1.3. Data sources

1.3.1.  Secondary Paid sources    Unpaid sources

1.3.2.  Primary

Chapter 2.  Market Summary

2.1. Asia Pacific electrophysiology industry summary, 2016 – 2027

2.1.1.  Country trends

2.1.2.  Product trends

2.1.3.  Indication trends

2.1.4.  End-use trends

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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