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Electrophysiology Market Future Challenges and Industry Growth Outlook by 2020-2025

Author : Ronak Bora | Published Date : 2020-09-11 

Electrophysiology Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The electrophysiology market is expected to register commendable growth on account of rapid technological advancements in the healthcare sector. Electrophysiology studies generally monitor the electrical activity of heart in order to detect the source of arrhythmia or abnormal heartbeat, further helping doctors decide a suitable treatment for a patient.

Over the years, there have been momentous advancements in the field of electrophysiology, with industry players and researchers developing advanced solutions like ablation catheters with sensors that facilitate remote monitoring of patients. This allows physicians to successfully track disease conditions. In addition to this, researchers are focusing on integrating modern technologies to enhance the functionality of electrophysiology devices. Taking July 2020 for instance, researchers from the Kazan Federal University, George Washington University, and Moscow Institute of Physics and Technology introduced a new algorithm for creating patient-centric mathematical models of human cardiac electrophysiology.

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Meanwhile, increasing prevalence of multiple cardiac diseases could proliferate the demand for electrophysiology devices. Currently, cardiac disorders are one of the most common healthcare conditions among middle-aged and geriatric people. The Centers for Disease Control and Prevention reports that nearly 750,000 hospitalizations occur every year due to atrial fibrillation, a common source of necrosis in the heart muscle which further triggers irregular heartbeats.

Growing prevalence of such health disorders that could lead to multiple cardiac arrhythmias issues may positively benefit electrophysiology business landscape over the forthcoming years. Global Market Insights, Inc., thereby predicts that the electrophysiology market might cross USD 6.5 billion by the year 2025

Electrophysiology market is set to grow at 7% CAGR over the next few years from atrial flutter segment. As the population ages globally, AF estimated to affect 17.9 million in Europe by 2060 and around 6 to 12 million people in the U.S. by 2050.

Electrophysiology devices are witnessing high demand with rise in heart arrhythmia in individuals as it targets the origin of atrial contraction and prevents excessive palpitations through early diagnosis. Rise in number of heart patient and risk factors associated with atrial flutter may provide impetus to the industry players.

In 2018, Canada electrophysiology market generated revenue of more than USD 222 million and is estimated to gain significantly through 2025. The lucrative growth can be attributed to presence of large number of medical device manufacturers in North America.

Companies are continuously investing in research & development for electrophysiological devices in order to enhance cardiovascular diagnosis and treatments. Also, approval of new medical devices along with and continuous advancement in treatment procedure in the region will favor business growth.

Electrophysiology is witnessing major changes and improvements over the last decade, and the innovation will continue as new technologies are introduced. Ongoing research on body mapping leveraging electrophysiology technology for gene delivery to treat and cure heart arrhythmia may prevent AF-related mortality and morbidity. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/electrophysiology-market

Partial Chapter of the Table of Content 

Chapter 4. Electrophysiology Market, By Product

4.1. Key segment trends

4.2. Electrophysiology ablation catheters

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.2. Radiofrequency (RF) ablation catheters

4.2.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.3. Cryoablation catheters

4.2.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.4. Laser

4.2.4.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.5. Others

4.2.5.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Electrophysiology diagnostic catheters

4.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.3.2. Conventional

4.3.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.3.3. Advanced

4.3.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.3.4. Ultrasound

4.3.4.1. Market size, by region, 2014 – 2025 (USD Million)

4.4. Electrophysiology laboratory devices

4.4.1. Market size, by region, 2014 – 2025 (USD Million)

Chapter 5. Electrophysiology Market, By Indication

5.1. Key segment trends

5.2. Atrial fibrillation

5.2.1. Market size, by region, 2014 – 2025 (USD Million)

5.3. Ventricular tachycardia

5.3.1. Market size, by region, 2014 – 2025 (USD Million)

5.4. Atrial tachycardia

5.4.1. Market size, by region, 2014 – 2025 (USD Million)

5.5. Atrial flutter

5.5.1. Market size, by region, 2014 – 2025 (USD Million)

5.6. WOLFF-Parkinson-White (WPW) syndrome

5.6.1. Market size, by region, 2014 – 2025 (USD Million)

5.7. Atrioventricular nodal reentry tachycardia

5.7.1. Market size, by region, 2014 – 2025 (USD Million)

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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