Electrophysiology (EP) market qualitative insights on application and outlook by share, future growth

electrophysiology (EP) market

EP Market was valued at USD 6.499 Billion in 2020 and is projected to reach USD 22.651 Billion by 2030, growing at a CAGR of 14.4% from 2021 to 2030

PORTLAND, OREGON, USA, July 21, 2022 /EINPresswire.com/ โ€” Electrophysiology is defined as the branch of science that deals with the study of the electrical pathways associated with the nervous system of the heart. Electrophysiology devices are designed to measure the change in electrical current or voltage over a wide range of scales, from single ion channel protein to organs such as the heart. The procedure of electrophysiology market is used to analyze the electrical system of the heart and to manage abnormal heart rhythms.

๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

ABBOTT LABORATORIES
Biotronik SE & Co. KG
BOSTON SCIENTIFIC CORPORATION
CardioFocus, Inc.
GE Healthcare
Koninklijke Philips NV
Johnson & Johnson Services, Inc.
Medtronic plc. (Zephyr Technology Corporation)
SCIENTIFIC CORPORATION OF MICROPORTS
Siemens Healthineers AG

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๐†๐ž๐ญ ๐”๐ฉ ๐“๐จ ๐Ÿ๐ŸŽ% ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ, ๐“๐ข๐ฅ๐ฅ ๐ญ๐ก๐ž ๐ƒ๐š๐ญ๐ž ๐Ÿ๐ŸŽ๐ญ๐ก ๐จ๐Ÿ ๐€๐ฎ๐ ๐ฎ๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ.

๐—–๐—ผ๐˜ƒ๐—ถ๐—ฑ-๐Ÿญ๐Ÿต ๐—ฆ๐—ฐ๐—ฒ๐—ป๐—ฎ๐—ฟ๐—ถ๐—ผ:

The COVID-19 outbreak is expected to negatively impact the growth of the global electrophysiology market. The implementation of containment delayed the ablation procedure; thus having minimal negative impact on the market. The COVID-19 pandemic has strained healthcare systems around the world and increased the need for advanced hospitals. Many hospitals around the world, including heart centers, have been restructured to increase hospital capacity for patients diagnosed with COVID-19. This is causing many non-essential surgeries to be canceled and the quality of care for non-COVID-19 patients is declining. This has significantly contributed to the decline of the global market.

Factors driving the growth of the global electrophysiology market include increasing demand for catheter ablation procedure, technological advancements in the medical device industry, and increasing demand for early diagnosis. Also, increasing prevalence of cardiac arrhythmias such as atrial fibrillation, atrial flutter, and ventricular arrhythmia is contributing to the growth of the global market. According to the International Journal of Stroke, in 2020 it was analyzed that atrial fibrillation is the most common cardiac arrhythmia. Ablation is the most common procedure for the treatment of atrial fibrillation which is expected to increase the need for electrophysiology devices, thus driving the growth of the market.

Additionally, market players focus on manufacturing different electrophysiology devices such as ablation catheter, diagnostic catheter, and 3D mapping system. For example, in January 2022, Abbott Laboratory, a pharmaceutical company, announced Food and Drug Administrative (FDA) clearance for its EnSite X EP system with EnSite (OT) omnipolar technology, in the United States and Europe. It is a cardiac mapping platform, designed to help doctors in the treatment of cardiac arrhythmia. Additionally, increasing number of geriatric populations and rising prevalence of chronic diseases such as diabetics and hypertension which are more prone to atrial fibrillation is accelerating the growth of electrophysiology (EP) market ). According to the Journal of J Arrhythm, in August 2021, it was reported that approximately 70% of the population between the ages of 65 and 85 had been diagnosed with atrial fibrillation.

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Rising number of approvals for medical devices is the key factor further driving the growth of the electrophysiology market. Additionally, initiatives by governments and private organizations to spread the knowledge among physicians regarding electrophysiology devices and procedures are propelling the growth of the market.

The global electrophysiology market is segmented into product, indication, end user and region. Based on product, the market is divided into EP ablation catheters, EP laboratory devices, EP diagnostic catheters, access devices and others. EP Ablation Catheters segment is further sub-divided into cryoablation EP catheters, radio frequency ablation catheters, microwave ablation systems, laser ablation systems and navigation advanced mapping accessories. The EP laboratory devices segment is further sub-categorized into EP X-ray systems, 3D mapping systems, EP recording systems, EP remote control systems and others.

Furthermore, the EP diagnostic catheters segment is further sub-divided into conventional EP diagnostic catheters, advanced EP diagnostic catheters and ultrasonic EP diagnostic catheters. The EP ablation catheter segment dominated the market in 2020, and this trend is expected to continue over the forecast period, owing to advancements in technology to manufacture innovative ablation catheter in the electrophysiology market and the increase in the number of ablation procedures.

Based on the indication, the electrophysiology market is divided into atrial fibrillation (AF), atrial flutter, Wolff-Parkinson-White (WPW) syndrome, atrioventricular nodal reentry tachycardia (AVNRT) and others. Atrial fibrillation segment showed the highest growth in 2020 and is expected to lead during the forecast period, due to increasing prevalence of atrial fibrillation, increase in geriatric population and the development of diagnostic and ablation catheters in the electrophysiology market by the medical device industry. By end-user, the market is categorized into hospitals and cardiac centers, outpatient surgery centers, and others.

๐–๐ž ๐š๐ฅ๐ฌ๐จ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ฌ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ-

North America electrophysiology market
Japanese electrophysiology market
South Korea electrophysiology market
Singapore Electrophysiology Market
Australian electrophysiology market
European electrophysiology market
Chinese electrophysiology market
Indonesia electrophysiology market
Taiwan Electrophysiology Market

๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ

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