HOME › Top Market Reports › Electrophysiology Market by Product {Diagnostic Catheter (Conventional, Advanced, Ultrasound)), Ablation Catheter (Cryoablation, RF, Microwave), Lab Devices (Mapping, Recording, Generator, ICE, X-ray)) & Indication (AF, VT, WPW) - Global Forecasts to 2019

Electrophysiology Market by Product {Diagnostic Catheter (Conventional, Advanced, Ultrasound)), Ablation Catheter (Cryoablation, RF, Microwave), Lab Devices (Mapping, Recording, Generator, ICE, X-ray)) & Indication (AF, VT, WPW) - Global Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: May 2015
Report Code: MD 3273

This report studies the global electrophysiology market over the forecast period of 2014 to 2019. The market is expected to reach $4.73 billion by 2019 at CAGR of 10.3% from 2014 to 2019.

Factors such as development of technologically advanced EP devices, rapid growth in aging population with high risk of target diseases, increasing incidence of arrhythmia cases across the globe, and growing focus of key market players to expand their geographic presence are fuelling the growth of the global electrophysiology market. However, lack of skilled and experienced electrophysiologists in developing nations and unfavorable healthcare reforms in the U.S. are hampering the growth of electrophysiology market. Furthermore, increasing pricing pressure on market players and stringent regulations are the key challenges faced by market players.

Emerging markets such as China, India, Brazil, and Mexico offer numerous growth opportunities for the companies engaged in the development and marketing of EP devices. Rapid growth in population aging, improving and modernizing healthcare infrastructure, huge burden of target diseases in developing nations, and development of affordable electrophysiology devices are the key factors propelling the demand for EP devices in these emerging markets.

Abbott Laboratories (U.S.), Biosense Webster, Inc. (U.S.), BIOTRONIK SE & Co. KG (Germany), Boston Scientific Corporation (U.S.), GE Healthcare (U.K.), Koninklijke Philips N.V. (The Netherlands), Medtronic, Inc. (U.S.), Microport Scientific Corporation (China), St. Jude Medical, Inc. (U.S.), and Siemens AG (Germany) are some of the key players in the global market. These players focus on geographic expansions; new product launches; acquisitions; partnerships, and contracts as their key business strategies to strengthen their presence in electrophysiology market.

List of relevant customizations that can be offered for Electrophysiology Market report: -
Electrophysiology Catheters Market

Market Share Analysis [for top players together accounting for ~80% of the Global Electrophysiology Catheters Market, in 2014]

Electrophysiology laboratory devices (capital equipment) Market

Market Share Analysis [for top players together accounting for ~80% of the Global Electrophysiology Laboratory Devices (capital equipment) market, in 2014]

RoW Electrophysiology Market, by Region (2014-2019)

Latin America
Middle East
Africa

Electrophysiology Market, by Emerging Countries (2014-2019)

Brazil
Russia
South Africa
South Korea

Electrophysiology Market

Company profile for additional 5 players present in Electrophysiology Market

Scope of the report

This report categorizes the electrophysiology market into the following segments and subsegments:

Electrophysiology Market, by Product

EP Diagnostic Catheters
- Conventional EP Diagnostic Catheters
  - Fixed Diagnostic Catheters
  - Steerable Diagnostic Catheters
- Advanced EP Diagnostic Catheters
- Ultrasound EP Diagnostic Catheters
EP Laboratory Devices
- X-ray Systems
- 3D Mapping Systems
- EP Recording Systems
- Remote Steering Systems
- Intracardiac Echocardiography Systems (ICE)
- Radiofrequency (RF) Ablation Generators
EP Ablation Catheters
- Radiofrequency (RF) EP Ablation Catheters
  - Conventional RF Ablation Catheters
  - Irrigated-tip RF Ablation Catheters
- Cryoablation EP Catheters
- Laser Ablation Systems
- Navigational Advanced Mapping Accessories
- Microwave Ablation
Access Devices

Electrophysiology Market, by Indication

Atrial Fibrillation
Ventricular Fibrillation
Atrioventricular Nodal Reentry Tachycardia
Wolff-Parkinson-White (WPW)
Right Atrial Tachycardia
Right Atrial Flutter
Left Atrial Flutter
Right Ventricular Tachycardia
Left Ventricular Tachycardia

Electrophysiology Market, by Region

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
Rest of the World (RoW)
- Latin America
- Middle East
- Africa

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Electrophysiology Market Definition
    1.3 Electrophysiology Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Limitations
    1.6 Electrophysiology Market Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 29)
    3.1 Introduction
    3.2 Current Scenario
    3.3 Future Outlook

4 Premium Insights (Page No. - 35)
    4.1 Global Electrophysiology Market
    4.2 Geographic Snapshot of the Electrophysiology Market (2014)
    4.3 Geographic Analysis: EP Laboratory Devices Market (2014)
    4.4 Electrophysiology Market: Developed vs Developing Nations
    4.5 Asia-Pacific: Electrophysiology Market, By Product

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Electrophysiology Market Evolution
    5.3 Electrophysiology Market Segmentation
           5.3.1 By Product
           5.3.2 By Indication
    5.4 Electrophysiology Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Technological Advancements
                    5.4.1.2 Growing Focus of Key Market Players to Integrate Technologies and to Expand Their Geographic Presence
                    5.4.1.3 Growing Prevalence of Atrial Fibrillation
                    5.4.1.4 Rapid Growth in Aging Population With Higher Risk of Target Diseases
                    5.4.1.5 Increasing Burden of Cardiovascular Diseases Across the Globe
           5.4.2 Restraints
                    5.4.2.1 Lack of Skilled and Experienced Electrophysiologists in Developing Nations
                    5.4.2.2 Unfavorable Healthcare Reforms in the U.S.
           5.4.3 Opportunities
                    5.4.3.1 Emerging Markets
                    5.4.3.2 Three-Dimensional (3D) Mapping Systems
           5.4.4 Challenges
                    5.4.4.1 Increasing Pricing Pressure on Market Players
                    5.4.4.2 Frequent Product Recalls

6 Industry Insights (Page No. - 53)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Industry Trends
           6.3.1 Technological Advancements
           6.3.2 Mergers and Acquisitions
           6.3.3 Technological Integration
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 Electrophysiology Market Analysis, By Product (Page No. - 62)
    7.1 Introduction
    7.2 Electrophysiology Ablation Catheters
           7.2.1 Cryoablation Electrophysiology Catheters
           7.2.2 Radiofrequency (RF) Ablation Catheters
           7.2.3 Microwave Ablation (MWA) Systems
           7.2.4 Laser Ablation Systems
           7.2.5 Navigational Advanced Mapping Accessories
    7.3 Electrophysiology Laboratory Devices
           7.3.1 3D Mapping Systems
           7.3.2 Electrophysiology Recording Systems
           7.3.3 Radiofrequency (RF) Ablation Generators
           7.3.4 Intracardiac Echocardiography (ICE) Systems
           7.3.5 Electrophysiology X-Ray Systems
           7.3.6 Electrophysiology Remote Steering Systems
    7.4 Electrophysiology Diagnostic Catheters
           7.4.1 Conventional Electrophysiology Diagnostic Catheters
           7.4.2 Advanced Electrophysiology Diagnostic Catheters
           7.4.3 Ultrasound Electrophysiology Diagnostic Catheters
    7.5 Access Devices

8 Electrophysiology Market Analysis, By Indication (Page No. - 83)
    8.1 Introduction
    8.2 Atrial Fibrillation
    8.3 Atrial Flutter
    8.4 Atrioventricular Nodal Reentry Tachycardia (AVNRT)
    8.5 Wolff-Parkinson-White Syndrome (WPW)
    8.6 Others

9 Electrophysiology Market, By Region (Page No. - 91)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
    9.3 Europe
           9.3.1 Germany
           9.3.2 U.K.
           9.3.3 France
           9.3.4 Rest of Europe (RoE)
    9.4 Asia-Pacific
           9.4.1 Japan
           9.4.2 China
           9.4.3 India
           9.4.4 Rest of Asia-Pacific
    9.5 Rest of the World (RoW)

10 Competitive Landscape (Page No. - 122)
     10.1 Overview
     10.2 Electrophysiology Market Share Analysis, By Key Player, 2014
     10.3 Competitive Situation and Trends
             10.3.1 New Product Launches and Product Enhancements
             10.3.2 Agreements, Partnerships, Joint Ventures, and Collaborations
             10.3.3 Mergers and Acquisitions
             10.3.4 Geographical Expansions
             10.3.5 Other Developments

11 Company Profiles (Page No. - 131)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     11.1 Introduction
     11.2 Biosense Webster, Inc. (A Johnson & Johnson Company)
     11.3 St. Jude Medical, Inc.
     11.4 Boston Scientific Corporation
     11.5 GE Healthcare (Division of General Electric Co.)
     11.6 Medtronic, Inc.
     11.7 Siemens Healthcare (A Division of Siemens AG)
     11.8 Philips Healthcare (A Division of Koninklijke Philips N.V.)
     11.9 Topera, Inc. (Recently Acquired By Abbott Laboratories)
     11.10 Biotronik Se & Co.Kg
     11.11 Microport Scientific Corporation

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 169)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Company Developments
             12.3.1 Biosense Webster, Inc.
             12.3.2 St. Jude Medical, Inc.
             12.3.3 Boston Scientific Corporation
             12.3.4 Medtronic, Inc.
             12.3.5 Koninklijke Philips N.V.
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports

List of Tables (69 Tables)

Table 1 Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 2 Electrophysiology Market Size, By Region, 2012-2019 ($Million)
Table 3 Electrophysiology Ablation Catheters System Market Size, By Type, 2012-2019 ($Million)
Table 4 Electrophysiology Ablation Catheters Market Size, By Region, 2012-2019 ($Million)
Table 5 Cryoablation Electrophysiology Catheters Market Size, By Region, 2012-2019 ($Million)
Table 6 Radiofrequency Ablation Catheters Market Size, By Region, 2012-2019 ($Million)
Table 7 Microwave Ablation Systems Market Size, By Region, 2012-2019 ($Million)
Table 8 Laser Ablation Systems Market Size, By Region, 2012-2019 ($Million)
Table 9 Navigational Advanced Mapping Accessories Market Size, By Region, 2012-2019 ($Million)
Table 10 Electrophysiology Laboratory Devices Market Size, By Type, 2012-2019 ($Million)
Table 11 Electrophysiology Laboratory Devices Market Size, By Region, 2012-2019 ($Million)
Table 12 3D Mapping Systems Market Size, By Region, 2012-2019 ($Million)
Table 13 Electrophysiology Recording Systems Market Size, By Region, 2012-2019 ($Million)
Table 14 Radiofrequency Ablation Generators Market Size, By Region, 2012-2019 ($Million)
Table 15 Intracardiac Echocardiography Systems Market Size, By Region, 2012-2019 ($Million)
Table 16 Electrophysiology X-Ray Systems Market Size, By Region, 2012-2019 ($Million)
Table 17 Electrophysiology Remote Steering Systems Market Size, By Region, 2012-2019 ($Million)
Table 18 Electrophysiology Diagnostic Catheters Market Size, By Type, 2012-2019 ($Million)
Table 19 Electrophysiology Diagnostic Catheters Market Size, By Region, 2012-2019 ($Million)
Table 20 Conventional Electrophysiology Diagnostic Catheters Market Size, By Region, 2012-2019 ($Million)
Table 21 Advanced Electrophysiology Diagnostic Catheters Market Size, By Region, 2012-2019 ($Million)
Table 22 Ultrasound Electrophysiology Diagnostic Catheters Market Size, By Region, 2012-2019 ($Million)
Table 23 Access Devices Market Size, By Region, 2012-2019 ($Million)
Table 24 Electrophysiology Market Size, By Indication, 2012-2019 ($Million)
Table 25 Electrophysiology Market Size, By Region, 2012–2019 ($Million)
Table 26 Electrophysiology Atrial Fibrillation Market Size, By Region, 2012-2019 ($Million)
Table 27 Electrophysiology Atrial Flutter Market Size, By Region, 2012-2019 ($Million)
Table 28 Electrophysiology AVNRT Market Size, By Region, 2012-2019 ($Million)
Table 29 Electrophysiology WPW Syndrome Market Size, By Region, 2012-2019 ($Million)
Table 30 Electrophysiology Other Indications Market Size, By Region, 2012-2019 ($Million)
Table 31 Electrophysiology Market Size, By Region, 2012-2019 ($Million)
Table 32 North America: Electrophysiology Market Size, By Country, 2012-2019 ($Million)
Table 33 North America: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 34 North America: Electrophysiology Ablation Catheters Market Size, By Product, 2012-2019 ($Million)
Table 35 North America: Electrophysiology Laboratory Devices Market Size, By Product, 2012-2019 ($Million)
Table 36 North America: Electrophysiology Diagnostic Catheters Market Size, By Product, 2012-2019 ($Million)
Table 37 North America: Electrophysiology Market Size, By Indication, 2012-2019 ($Million)
Table 38 U.S.: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 39 Canada: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 40 Europe: Electrophysiology Market Size, By Country/Region, 2012-2019 ($Million)
Table 41 Europe: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 42 Europe: Electrophysiology Ablation Catheters Market Size, By Product, 2012-2019 ($Million)
Table 43 Europe: Electrophysiology Laboratory Devices Market Size, By Product, 2012-2019 ($Million)
Table 44 Europe: Electrophysiology Diagnostic Catheters Market Size, By Product, 2012-2019 ($Million)
Table 45 Europe: Electrophysiology Market Size, By Indication, 2012-2019 ($Million)
Table 46 Germany: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 47 U.K.: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 48 France: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 49 RoE: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 50 Asia-Pacific: Electrophysiology Market Size, By Country/Region, 2012-2019 ($Million)
Table 51 Asia-Pacific: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 52 Asia-Pacific: Electrophysiology Ablation Catheters Market Size, By Product, 2012-2019 ($Million)
Table 53 Asia-Pacific: Electrophysiology Laboratory Devices Market Size, By Product, 2012-2019 ($Million)
Table 54 Asia-Pacific: Electrophysiology Diagnostic Catheters Market Size, By Product, 2012-2019 ($Million)
Table 55 Asia-Pacific: Electrophysiology Market Size, By Indication, 2012-2019 ($Million)
Table 56 Japan: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 57 China: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 58 India: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 59 Rest of Asia-Pacific: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 60 RoW: Electrophysiology Market Size, By Product, 2012-2019 ($Million)
Table 61 RoW: Electrophysiology Ablation Catheters Market Size, By Product, 2012-2019 ($Million)
Table 62 RoW: Electrophysiology Laboratory Devices Market Size, By Product, 2012-2019 ($Million)
Table 63 RoW: Electrophysiology Diagnostic Catheters Market Size, By Product, 2012-2019 ($Million)
Table 64 RoW: Electrophysiology Market Size, By Indication, 2012-2019 ($Million)
Table 65 New Product Launches and Product Enhancements, 2012–2014
Table 66 Agreements, Partnerships, Joint Ventures, and Collaborations, 2012–2014
Table 67 Mergers and Acquisitions, 2012–2014
Table 68 Geographical Expansions, 2012–2014
Table 69 Other Developments, 2012–2014

List of Figures (52 Figures)

Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Electrophysiology Market Breakdown and Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Limitations of the Research Study
Figure 7 Electrophysiology Product Market Snapshot (2014): EP Diagnostic Catheters Accounted for the Largest Share in 2014
Figure 8 EP Ablation Catheters Market Snapshot (2014 vs 2019): Cryoablation EP Catheters Segment is Expected to Grow at the Highest CAGR in the Forecast Period
Figure 9 Cryoablation EP Catheters Segment Dominated the Electrophysiology Market in 2014
Figure 10 Electrophysiology Market, By Indication, 2014
Figure 11 Asia-Pacific to Grow at the Highest Rate During the Forecast Period
Figure 12 Rising Prevalence of Cardiovascular Diseases to Drive Electrophysiology Market Growth
Figure 13 The U.S. Commanded the Largest Share of the Electrophysiology Market in 2014
Figure 14 3D Mapping Systems Will Continue to Dominate the EP Laboratory Devices Market in the Forecast Period
Figure 15 Developing Markets to Grow at A Faster Rate in the Forecast Period
Figure 16 EP Ablation Catheters Accounted for the Largest Share of the Asia-Pacific Region
Figure 17 Evolution of Electrophysiology
Figure 18 Electrophysiology Market Segmentation, By Product
Figure 19 Electrophysiology Market Segmentation, By Indication
Figure 20 Global Electrophysiology Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Myriad of Technological Adavncements in Electrophysiology Devices is Driving Electrophysiology Market Growth
Figure 22 Lack of Skilled and Experienced Electrophysiologists in Developing Nations is Impeding Market Growth
Figure 23 Emerging Markets Unfolds New Growth Avenues for Players in Electrophysiology Market
Figure 24 Value Chain Analysis: Maximum Value Added During Manufacturing Phase
Figure 25 Electrophysiology Market Focusing on Technological Advancements to Offer Innovative Products
Figure 26 Electrophysiology Market: Major Acquisitions, 2012–2015
Figure 27 Porter’s Five Forces Analysis: Presence of Large Number of Manufacturing Firms Increases Competition
Figure 28 EP Ablation Catheters Segment is Poised to Grow at the Highest CAGR in the Forecast Period
Figure 29 Cryoablation EP Catheters Segment Will Continue to Dominate the Electrophysiology Market During the Forecast Period
Figure 30 3D Mapping Systems Segment Accounted for the Largest Share and Will Continue to Dominate the Market in the Forecast Period
Figure 31 Advanced EP Diagnostic Catheters Segment is Expected to Grow at the Highest CAGR in the Forecast Period
Figure 32 Global Electrophysiology Market, By Indication
Figure 33 Atrial Fibrillation is Expected to Grow at the Fastest Rate in the Electrophysiology Market, By Indication
Figure 34 Geographic Snapshot (2014): Asia-Pacific Electrophysiology Market to Grow at the Highest CAGR
Figure 35 North American Electrophysiology Market Snapshot (2014): Increasing Prevalence of Heart Diseases is Driving the Market Growth
Figure 36 Rising Demand for Cryoablation Catheters to Propel the U.S. Market for EP Ablation Catheters
Figure 37 European Electrophysiology Market Snapshot (2014): Increasing Prevalence of Obesity and Changing Lifestyle is Propelling Market Growth
Figure 38 Cryoablation Catheters Segment to Lead the Revenue Growth of the German Electrophysiology Market
Figure 39 Asia-Pacific Electrophysiology Market Snapshot: Rapidly Growing Aging Population is Driving the Market Growth
Figure 40 Leading Market Players Adopted New Product Launches as Their Key Growth Strategy During 2012-2014
Figure 41 Electrophysiology Market Share, By Key Player, 2014
Figure 42 Electrophysiology Market Evaluation Framework, 2012–2014
Figure 43 Electrophysiology Market: Comparison of R&D Expenditures of Key Players in 2014
Figure 44 Competitive Benchmarking of Key Market Players (2012-2014)
Figure 45 Johnson & Johnson: Company Snapshot
Figure 46 St. Jude Medical, Inc.: Company Snapshot
Figure 47 Boston Scientific Corporation: Company Snapshot
Figure 48 General Electric Company (GE): Company Snapshot
Figure 49 Medtronic, Inc.: Company Snapshot
Figure 50 Siemens AG: Company Snapshot
Figure 51 Koninklijke Philips N.V.: Company Snapshot
Figure 52 Microport Scientific Corporation: Company Snapshot

On the basis of products, the electrophysiology market is categorized into EP diagnostic catheters, EP ablation catheters, and EP laboratory devices. The EP diagnostic catheters segment is further divided into conventional EP diagnostic catheters, advanced EP diagnostic catheters, and ultrasound EP diagnostic catheters. The conventional EP diagnostic catheters are subdivided into fixed diagnostic catheters and steerable diagnostic catheters. The EP ablation catheters segment is further classified into radiofrequency (RF) EP ablation catheters, cryoablation EP catheters, laser ablation systems, navigational advanced mapping accessories, and microwave ablation. The radiofrequency (RF) EP ablation catheters are subdivided into conventional and irrigated-tip RF ablation catheters. The EP laboratory devices segment is categorized into X-ray systems, 3D mapping systems, EP recording systems, remote steering systems, intracardiac echocardiography systems (ICE), and radiofrequency (RF) ablation generators. The EP laboratory devices segment is expected to account for the largest share of the global market in 2014. Factors such as technological advancements and new product launches, growing number of EP laboratories in developed as well as developing countries, and growing focus of key market players to expand their geographic presence are driving the growth of the global EP laboratory devices market.

On the basis of indications, the electrophysiology market is divided into atrial fibrillation, ventricular fibrillation, ventricular tachycardia, atrial tachycardia, atrial flutter, Wolff-Parkinson-White (WPW) syndrome, and atrioventricular nodal reentry tachycardia. The atrial fibrillation segment is expected to account for the largest share of the market in 2014 due to rapid growth in aging population and growing demand for atrial fibrillation procedures across the globe.

The global electrophysiology market is estimated to grow at a CAGR of 10.3% from 2014 to 2019. Factors such as development of technologically advanced EP devices, rapid growth in aging population with high risk of target diseases, increasing incidence of arrhythmia cases across the globe, growing focus of key market players to expand their geographic presence, and increasing demand of catheter ablation procedures are propelling the growth of the electrophysiology market. However, lack of skilled and experienced electrophysiologists in developing nations and unfavorable healthcare reforms in the U.S. are restraining the growth of this market. In addition to this, increasing pricing pressure on market players and stringent regulations are the key challenges faced by market players in the global Electrophysiology market.

On the basis of regions, electrophysiology market is classified into North America, Europe, Asia-Pacific, and Rest of the World. In 2014, North America is expected to dominate the global electrophysiology market. Growth of this region can be attributed to key factors such as technological advancements and product innovations, rapid growth in aging population, and developed healthcare infrastructure. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2014 to 2019, due to factors such as rapidly increasing aging population, growing focus of multinational companies on emerging markets, improving and modernizing healthcare infrastructure, and high demand of EP devices in this region.

Agreements, collaborations, and new product launches are the key strategies adopted by the major players to strengthen their position in the global market. Moreover, strategies such as expansions, partnerships/joint ventures, and strategic acquisitions were also adopted by a significant number of market players to strengthen their product portfolios and to expand their geographic presence in the electrophysiology market.

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