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Electrophysiology-Devices-Market-

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The Electrophysiology Devices Market is mainly driven by technological innovation. Manufacturers have adopted strategies such as mergers and acquisitions, intensive research and development, and continuous product launches to effectively compete in
Electrophysiology Devices Market: Competitive
Intelligence and Tracking Report 2018 – 2026
Electrophysiology Devices Market, By Product Type (Holter Monitoring Devices,
Electrocardiogram, Diagnostic Electrophysiology Catheters, X-Ray Systems, 3D
Mapping Systems, Intracardiac Echocardiography Systems (ICE), and
Implantable Cardiac Monitors), By Application (Atrial Fibrillation, Ventricular
Fibrillation, Wolff-Parkinson-White (WPW), Tachycardia, and Others), By End
User (Hospitals, Clinics, and Others), and By Geography - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Electrophysiology involves the study of electrical activity of heart to diagnose and monitor any
arrhythmia. Depending on the results of electrophysiology studies, the course of treatment such as
medication, implantable medical devices, cardiac ablation, and surgery can be decided. Electrical
signals have a specific travel pattern in the heart, which changes and becomes irregular due to disorders
and conditions such as heart attacks, aging, and blood pressure. In such cases, electrophysiology
techniques are utilized to diagnose, monitor, and select suitable course of treatment mentioned above.
Indications for electrophysiology include bradycardia, tachycardia, atrial fibrillation, ventricular
tachycardia, ventricular fibrillation, and other arrhythmias.
Generally, catheters are used for electrophysiology studies and for cardiac ablation procedures.
Catheters can be used for visualization of intracardiac electrograms, measurement of electrograms,
cardiac pacing, navigational mapping, and others. The electrophysiology devices market is highly
competitive in nature, as leading manufactures such as Boston Scientific Corporation and Abbott
Laboratories have technologically advanced and wide product portfolios.
The Electrophysiology Devices Market is mainly driven by technological innovation. Manufacturers
have adopted strategies such as mergers and acquisitions, intensive research and development, and
continuous product launches to effectively compete in the market. Commercially available
electrophysiology products include Rhythmia HDx, Confirm Rx, Advisor FL, EnSite Precision,
WorkMate Claris Recording System, and SJM Confirm Implantable Cardiac Monitor.
Electrophysiology Devices Market Drivers
Increasing global prevalence of cardiovascular system diseases and associated comorbidities is
expected to have a positive impact on the growth of the market. According to the World Health
Organization (WHO), around 17 million people die annually from cardiovascular diseases. According
to the Centers for Disease Control and Prevention (CDC), in 2017, 2.7 to 6.1 million people in the U.S.
were suffering from atrial fibrillation, which is the most common type of heart arrhythmia.
Increasing incidence and prevalence of cardiovascular diseases is expected to foster growth of the
electrophysiology devices market over the forecast period. Early diagnosis has become paramount in
order to decide on the optimal treatment plan and to improve medical outcome, and faster diagnosis can
significantly improve the medical outcomes.
Leading manufacturers in the market are indulged in technological advancement of the
electrophysiology devices, which is expected to boost the electrophysiology devices market. For
instance, manufacturers have invented wearable and implantable devices with smartphone connectivity
such as wearable holter monitors and implantable cardiac monitors. In 2017, St. Jude Medical received
CE mark for the Confirm Rx, the world’s first smartphone compatible implantable cardiac monitor and
Boston Scientific launched Rhythmia HDx.
Competitive Landscape
Key players operating in the electrophysiology devices market include Siemens AG, Boston Scientific
Corporation, Abbott Laboratories, GE Healthcare, Biotronik SE & Co.KG, Biosense Webster, Inc.,
Philips Healthcare, and MicroPort Scientific Corporation.
Electrophysiology Devices Market Taxonomy
The global electrophysiology devices market is segmented on the basis of product type, application,
end user, and geography.
By Product Type –
•Holter Monitoring Devices
•Electrocardiogram
•Diagnostic Electrophysiology Catheters
•X-Ray Systems
•3D Mapping Systems
•Intracardiac Echocardiography Systems (ICE)
•Implantable Cardiac Monitors
By Application•Atrial Fibrillation
•Ventricular Fibrillation
•Wolff-Parkinson-White (WPW)
•Tachycardia
•Others
By End User•Hospitals
•Clinics
•Others
Electrophysiology Devices Market Insights
On the basis of region, North America and Europe are expected to show significant growth in the
electrophysiology devices market over the forecast period. North America has the presence of leading
manufacturers who are indulged in research and development of these devices. Manufacturers such as
Boston Scientific Corporation (U.S.) and St. Jude Medical offer innovative products in the
electrophysiology market.
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North America market is expected to witness significant growth, owing to inorganic growth strategies
adopted by manufacturers such as acquisitions. For instance, in 2017, Boston Scientific Corporation
announced acquisition of Apama Medical to strengthen electrophysiology portfolio. Asia Pacific region
is expected to show significant growth, owing to high prevalence of cardiovascular disease and
increasing availability of advanced electrophysiology devices in the region.
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ravikiran
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