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Electrophysiology Devices Market

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Electrophysiology involves the study of electrical activity of heart to diagnose and monitor any arrhythmia.
Electrophysiology Devices Market - 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.
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Report includes chapters which deeply display the following deliverable about industry :
• Electrophysiology Devices Market Research Objective and Assumption
• Electrophysiology Devices Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Electrophysiology Devices Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Electrophysiology Devices Market , By Regions
• Electrophysiology Devices Market Competition by Manufacturers including Production, Share,
Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Electrophysiology Devices Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Electrophysiology Devices Market Manufacturing Cost Analysis including Key Raw Materials
and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Electrophysiology Devices Market Forecast including Production, Consumption, Import and
Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
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. In 2017, Abbott launched new
Ensite Precision Cardiac Mapping System. Siemens Healthineers launched cardiovascular imaging
and information solution called as ‘syngo Dynamics’ at American College of Cardiology in
March 2018. Biosense Webster launched CARTO 3 System CARTO VISITAG module with
ablation index for simplification and standardization in electrophysiology procedures in March
2017. Product innovation and launches are expected to support the growth of the global
electrophysiology devices market over the forecast period.
However, high costs of these devices, one time installation, strict regulations, alternative
therapies, and high instances of product recall are expected to hamper the growth of the
market.
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. 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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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.
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analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
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Author
Alex Huge
Alex Huge339   documents Email
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