Electrophysiology Market

Electrophysiology Market by Product (Laboratory Devices, Ablation Catheters, Diagnostic Catheters), Indication (Atrial Fibrillation, Atrial Flutter, AVNRT, WPW), End User (Hospitals & Cardiac Centers), and Region - Global Forecast to 2028

Report Code: MD 3273 Jan, 2024, by marketsandmarkets.com

The global electrophysiology market in terms of revenue was estimated to be worth $8.2 Billion in 2023 and is poised to reach $15.1 Billion by 2028, growing at a CAGR of 13.0% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The rise of the can be seen due to the following drivers - The increasing prevalence of cardiovascular diseases, including arrhythmias and atrial fibrillation, Patients and healthcare providers are increasingly favoring minimally invasive procedures over traditional surgical interventions. Electrophysiological techniques, such as catheter ablation, offer less invasive alternatives for treating certain cardiac arrhythmias, Government support and initiatives aimed at improving healthcare infrastructure and providing funding for research and development in the field of electrophysiology contribute to market growth.

Attractive Opportunities in the Electrophysiology Market

Electrophysiology  Market

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Electrophysiology  Market

Electrophysiology market: Market Dynamics

Driver: Technological Advancements

Advanced 3D mapping systems generate precise, real-time maps of the electrical activity of the heart. These technologies aid in the visualization of complicated arrhythmias and improve the precision of catheter placement during ablation treatments.Continuous improvements in electrophysiological devices and technology are essential to the market's expansion. Technological advancements include three-dimensional mapping systems, sophisticated ablation catheters, and enhanced imaging modalities thataugment the accuracy and efficacy of electrophysiological operations.

Government Initiatives and Regulations

The government's programs and laws designed to raise the bar for medical care and enhance patient outcomes have contributed to the market expansion for electrophysiology. Expanding markets have been facilitated by regulatory support for innovative medical device licensing and acceptance.

Restraint: Cost of Equipment and Procedures

Electrophysiology procedures often involve the use of expensive equipment and devices. The initial capital investment required for setting up electrophysiology laboratories and the cost of procedures can be a significant barrier, limiting accessibility for some healthcare providers and patients.

Electrophysiology equipment requires constant maintenance, calibration, and upgrades to keep up with technological changes. Ablations, in particular, can be expensive electrophysiology operations. Reimbursement rates, however, might not always match the true expenses that healthcare providers pay. For electrophysiological operations, patients may have significant out-of-pocket expenses, particularly if their insurance does not cover everything.Investment in education programs, simulation tools, and continuous professional development is required to train healthcare workers to use sophisticated electrophysiological devices.

Opportunity: Emerging Markets

As their economies grow and governments prioritize healthcare infrastructure, emerging markets frequently see an increase in healthcare spending. This increasing investment may result in the development and modernization of medical facilities, including the adoption of sophisticated electrophysiological technologies. The benefit of advanced conventional stages of technology adoption is frequently enjoyed by emerging markets. This suggests that, unhindered by outdated methods, people might be more open to embracing the newest advancements in electrophysiology.

Challenge: Training and Workforce Shortages

The provision of electrophysiology services may be impacted by the lack of qualified electrophysiologists and other specialized healthcare workers. Two continuous problems are addressing labor shortages and growing training programs. Electrophysiology operations need specific knowledge and abilities to be performed. Electrophysiologists, nurses, and technicians, among others, require substantial training to understand the complexities of cardiac electrophysiology. The availability of comprehensive electrophysiological training programsmay be restricted, creating issues in ensuring that healthcare personnel receive enough standardizedtraining. Healthcare personnel frequently need to have practical experience in order to become proficient in electrophysiology operations. Opportunities for hands-on training, such as clinical shadowing and mentoring, may not always be readily available.There can be a laborshortage as a result of the demand for electrophysiological services exceeding the supply of qualified individuals.

Electrophysiology Market Ecosystem

Major companies in electrophysiology market include well-established and financially stable suppliers of the market. Prominent companies in this market include Johnson & Johnson (US), Abbott Laboratories (US), Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Boston Scientific (US) among several others.

Electrophysiology  Market Ecosystem

The electrophysiology laboratory devices segment of electrophysiology industry is witnessed to grow at the highest CAGR during the forecast periods 2022-2028.

By Product, the electrophysiology laboratory devices segment accounted for the largest share of the electrophysiology market in 2022. The need for sophisticated electrophysiological techniques has increased along with interest in neuroscience research. Devices that allow for precise and high-throughput recording of brain activity, such as multi-electrode arrays and patch-clamp systems, were projected to rise in popularity.

The Atrial Fibrillation segment accounted for the highest CAGR of the Electrophysiology industry in 2022-2028

Based on the Indication, the Electrophysiology market is segmented into Atrial Fibrillation, Atrial flutter, Atrioventricular Nodal Reentry Tachycardia (AVNRT), Wolff-Parkinson-White Syndrome (WPW) and Other Indications. Atrial fibrillation has accounted for the highest CAGR during the forecast period due to the following reasons- Conditions such as hypertension (high blood pressure) and diabetes. The global increase in obesity rates is a major contributor to the rise in atrial fibrillation cases.

North America region of electrophysiology industry is expected to be the largest market during the forecast period.

In 2022, the US and Canada accounted for the majority of the Electrophysiology market in North America. North America offers the perfect environment for the adoption of cutting-edge treatment methodologies like the market due to its robust healthcare infrastructure and availability of cutting-edge medical technologies. In the healthcare industry, research and development are prioritized heavily in North America.

Electrophysiology  Market by Region

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Scope of the Electrophysiology Industry:

Report Metric

Details

Market Revenue in 2023

$8.2 Billion

Projected Revenue by 2028

$15.1 Billion

Revenue Rate

Poised to Grow at a CAGR of 13.0%

Market Driver

Technological Advancements

Market Opportunity

Emerging Markets

This report has segmented the Electrophysiology market to forecast revenue and analyze trends in each of the following submarkets

BY PRODUCT

  • ELECTROPHYSIOLOGY LABORATORY DEVICES
    • 3D mapping systems
    • Electrophysiology Recording Systems
    • Radiofrequency (RF) ablation SYSTEMS
    • Intracardiac Echocardiography (ICE) ultrasound imaging Systems
    • Electrophysiology x-ray systems
    • Electrophysiology remote magnetic and robotic navigation systems

ELECTROPHYSIOLOGY ABLATION CATHETERS

  • Cryoablation electrophysiology catheters
  • Radiofrequency (RF) ablation catheters
  • Microwave Ablation (MWA) systems
  • Laser Ablation systems

ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS

  • Conventional electrophysiology diagnostic catheters
  • Advanced electrophysiology diagnostic catheters
  • Ultrasound Electrophysiology Diagnostic Catheters
  • Electrophysiology access devices
  • Other devices

BY INDICATION

  • Introduction
  • Atrial fibrillation
  • Atrial flutter
  • Atrioventricular nodal reentry tachycardia (AVNRT)
  • Wolff-Parkinson-White Syndrome (WPW)
  • Other indication

BY END USER

  • Introduction
  • Hospitals & cardiac centers
  • Ambulatory surgery centers

BY REGION

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
  • MEA

Recent Developments in the Electrophysiology Industry:

  • In Sep 2022, Johnson & Johnson (US) launched OCTARAY MAPPING SYSTEM which is used to treat cardiac arrhythmias.
  • In May 2023 Abbott Laboratories launched the Tactiflex ablation catheter which is sensor-enabled and it is used to treat the most common abnormal heart rhythm.
  • In Aug 2023, Boston Scientific Corporation (US) launched the POLARx cryoablation system. This system is used to treat patients with paroxysmal atrial fibrillation.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 23)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKETS COVERED
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
           1.3.4 CURRENCY CONSIDERED
                    TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD
    1.4 STAKEHOLDERS 
    1.5 SUMMARY OF CHANGES 
           1.5.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 28)
    2.1 RESEARCH APPROACH 
          FIGURE 1 RESEARCH DESIGN
          FIGURE 2 ELECTROPHYSIOLOGY MARKET: MARKET GROWTH IMPACT ANALYSIS
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary sources
                    2.1.2.2 Breakdown of primaries
                                FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY SIDE): BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 4 MARKET SIZE ESTIMATION: VENDOR REVENUE-BASED MARKET ESTIMATION
           2.2.1 END USER-BASED MARKET ESTIMATION
                    FIGURE 5 MARKET SIZE ESTIMATION: END USER-BASED MARKET ESTIMATION
                    FIGURE 6 BOTTOM-UP APPROACH
                    FIGURE 7 TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION 
          FIGURE 8 DATA TRIANGULATION METHODOLOGY
    2.4 LIMITATIONS 
    2.5 RISK ASSESSMENT 
    2.6 STUDY ASSUMPTIONS 
    2.7 ELECTROPHYSIOLOGY INDUSTRY: RECESSION IMPACT ANALYSIS 
 
3 EXECUTIVE SUMMARY (Page No. - 39)
    FIGURE 9 ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2023 VS. 2028 (USD MILLION)
    FIGURE 10 ELECTROPHYSIOLOGY INDUSTRY, BY INDICATION, 2023 VS. 2028 (USD MILLION)
    FIGURE 11 ELECTROPHYSIOLOGY INDUSTRY, BY END USER, 2023 VS. 2028 (USD MILLION)
    FIGURE 12 ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR OVER FORECAST PERIOD (2023–2028)
 
4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 ELECTROPHYSIOLOGY MARKET OVERVIEW 
          FIGURE 13 TECHNOLOGICAL ADVANCEMENTS TO DRIVE GLOBAL ELECTROPHYSIOLOGY INDUSTRY GROWTH
    4.2 GEOGRAPHIC ANALYSIS: ELECTROPHYSIOLOGY MARKET, BY INDICATION AND REGION 
          FIGURE 14 ATRIAL FIBRILLATION SEGMENT DOMINATED ELECTROPHYSIOLOGY INDUSTRY IN 2022
    4.3 ELECTROPHYSIOLOGY MARKET: GEOGRAPHICAL SNAPSHOT 
          FIGURE 15 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD (2023–2028)
 
5 MARKET OVERVIEW (Page No. - 46)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 16 ELECTROPHYSIOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Technological advancements
                               5.2.1.1.1 Rising use of noninvasive cardiac mapping
                               5.2.1.1.2 Increased use of improved intracardiac ablation systems
                               5.2.1.1.3 Increased use of MRI-guided ablation procedures
                               5.2.1.1.4 Growing level of ultrasound guidance in EP labs
                    5.2.1.2 Rising number of new entrants
                    5.2.1.3 Growing investments, funds, and grants for cardiac surgeries and electrophysiology
                    5.2.1.4 Increasing disease incidence and procedural volume
           5.2.2 RESTRAINTS
                    5.2.2.1 High product cost and inadequate reimbursement
                    5.2.2.2 Unfavorable healthcare reforms in US
                    5.2.2.3 Cost-intensive data requirements for product launches and availability of alternative technologies
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Emerging markets
           5.2.4 CHALLENGES
                    5.2.4.1 Increasing device reuse and reprocessing
                    5.2.4.2 Lack of skilled and experienced personnel
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          TABLE 2 ELECTROPHYSIOLOGY INDUSTRY: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 ECOSYSTEM/MARKET MAP 
          FIGURE 17 MARKET: ECOSYSTEM/MARKET MAP
    5.5 VALUE CHAIN ANALYSIS 
           5.5.1 RESEARCH & DEVELOPMENT
           5.5.2 PROCUREMENT AND PRODUCT DEVELOPMENT
           5.5.3 MARKETING, SALES AND DISTRIBUTION, AND POST-SALES SERVICES
                    FIGURE 18 MARKET: VALUE CHAIN ANALYSIS
    5.6 SUPPLY CHAIN ANALYSIS 
           5.6.1 PROMINENT COMPANIES
           5.6.2 END USERS
                    FIGURE 19 MARKET: SUPPLY CHAIN ANALYSIS
    5.7 TARIFF & REGULATORY LANDSCAPE 
           5.7.1 NORTH AMERICA
                    5.7.1.1 US
                                TABLE 3 CLASSIFICATION OF MEDICAL DEVICES BY US FDA (2022)
                                TABLE 4 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS (2022)
                    5.7.1.2 Canada
                                TABLE 5 CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS (2022)
           5.7.2 EUROPE
           5.7.3 ASIA PACIFIC
                    5.7.3.1 India
                    5.7.3.2 China
                                TABLE 6 CHINA: NMPA CLASSIFICATION OF MEDICAL DEVICES (2022)
                    5.7.3.3 Japan
                                TABLE 7 JAPAN: PMDA CLASSIFICATION OF MEDICAL DEVICES (2022)
           5.7.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.8 REIMBURSEMENT SCENARIO 
          TABLE 12 ELECTROPHYSIOLOGY MARKET: CPT CODES
    5.9 PRICING ANALYSIS 
           5.9.1 AVERAGE PRICE OF ELECTROPHYSIOLOGY PRODUCTS, 2022 (USD)
    5.10 TECHNOLOGY ANALYSIS 
           TABLE 13 ELECTROPHYSIOLOGY INDUSTRY: PROMINENT PRODUCT LAUNCHES (JANUARY 2019–DECEMBER 2023)
    5.11 PATENT ANALYSIS 
           5.11.1 PATENTS GRANTED FOR ELECTROPHYSIOLOGY
                     FIGURE 20 MARKET: TOP 10 PATENT APPLICANTS
                     FIGURE 21 MARKET: TOP 10 PATENT OWNERS
    5.12 KEY CONFERENCES AND EVENTS IN 2023–2024 
           TABLE 14 MARKET: DETAILED LIST OF KEY CONFERENCES AND EVENTS
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS, BY END USER
                     FIGURE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
                     TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
           5.13.2 BUYING CRITERIA
                     FIGURE 23 KEY BUYING CRITERIA, BY END USER
                     TABLE 16 KEY BUYING CRITERIA, BY STAKEHOLDER
    5.14 ELECTROPHYSIOLOGY MARKET: UNMET NEEDS 
 
6 ELECTROPHYSIOLOGY MARKET, BY PRODUCT (Page No. - 73)
    6.1 INTRODUCTION 
          TABLE 17 ELECTROPHYSIOLOGY INDUSTRY, BY PRODUCT, 2021–2028 (USD MILLION)
    6.2 LABORATORY DEVICES 
          TABLE 18 ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
          TABLE 19 ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY INDICATION, 2021–2028 (USD MILLION)
          TABLE 20 ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
          TABLE 21 ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.2.1 3D MAPPING SYSTEMS
                    6.2.1.1 Development of alternative technologies to hinder market growth
                                TABLE 22 3D MAPPING SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.2.2 RECORDING SYSTEMS
                    6.2.2.1 Increasing public-private funding to support growth
                                TABLE 23 RECORDING SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.2.3 RF ABLATION SYSTEMS
                    6.2.3.1 Rising number of RF ablation procedures to drive market
                                TABLE 24 RF ABLATION SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.2.4 ICE ULTRASOUND IMAGING SYSTEMS
                    6.2.4.1 Advantages of ICE ultrasound imaging to drive market
                                TABLE 25 ICE ULTRASOUND IMAGING SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.2.5 X-RAY SYSTEMS
                    6.2.5.1 Growing availability of magnetic navigation systems to hamper market growth
                                TABLE 26 X-RAY SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.2.6 REMOTE MAGNETIC & ROBOTIC NAVIGATION SYSTEMS
                    6.2.6.1 Favorable reimbursement scenario to drive market
                                TABLE 27 REMOTE MAGNETIC & ROBOTIC NAVIGATION SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.3 ABLATION CATHETERS 
          TABLE 28 ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
          TABLE 29 ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY INDICATION, 2021–2028 (USD MILLION)
          TABLE 30 ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY END USER, 2021–2028 (USD MILLION)
          TABLE 31 ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.3.1 CRYOABLATION CATHETERS
                    6.3.1.1 Significant therapeutic advantages to drive market
                                TABLE 32 CRYOABLATION CATHETERS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.3.2 RF ABLATION CATHETERS
                    6.3.2.1 Technological advancements to drive market
                                TABLE 33 RF ABLATION CATHETERS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.3.3 MWA SYSTEMS
                    6.3.3.1 Advantages of microwave ablation over RF to support growth
                                TABLE 34 COMPARISON OF MICROWAVE AND RADIOFREQUENCY ABLATION
                                TABLE 35 MWA SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.3.4 LASER ABLATION SYSTEMS
                    6.3.4.1 Technologically advanced products to drive market
                                TABLE 36 LASER ABLATION SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.4 DIAGNOSTIC CATHETERS 
          TABLE 37 ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
          TABLE 38 ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY INDICATION, 2021–2028 (USD MILLION)
          TABLE 39 ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY END USER, 2021–2028 (USD MILLION)
          TABLE 40 ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.4.1 CONVENTIONAL DIAGNOSTIC CATHETERS
                    6.4.1.1 Increasing demand in emerging markets to support market growth
                                TABLE 41 CONVENTIONAL DIAGNOSTIC CATHETERS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.4.2 ADVANCED DIAGNOSTIC CATHETERS
                    6.4.2.1 Advantages over conventional catheters to drive market
                                TABLE 42 ADVANCED DIAGNOSTIC CATHETERS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.4.3 ULTRASOUND DIAGNOSTIC CATHETERS
                    6.4.3.1 Increased demand due to the rising use of ICE ultrasound imaging to drive market
                                TABLE 43 ULTRASOUND DIAGNOSTIC CATHETERS MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.5 ACCESS DEVICES 
           6.5.1 LAUNCH OF ADVANCED PRODUCTS TO DRIVE MARKET
                    TABLE 44 ELECTROPHYSIOLOGY ACCESS DEVICES MARKET, BY INDICATION, 2021–2028 (USD MILLION)
                    TABLE 45 ELECTROPHYSIOLOGY ACCESS DEVICES MARKET, BY END USER, 2021–2028 (USD MILLION)
                    TABLE 46 ELECTROPHYSIOLOGY ACCESS DEVICES MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.6 OTHER PRODUCTS 
          TABLE 47 OTHER ELECTROPHYSIOLOGY PRODUCTS MARKET, BY INDICATION, 2021–2028 (USD MILLION)
          TABLE 48 OTHER ELECTROPHYSIOLOGY PRODUCTS MARKET, BY END USER, 2021–2028 (USD MILLION)
          TABLE 49 OTHER ELECTROPHYSIOLOGY PRODUCTS MARKET, BY REGION, 2021–2028 (USD MILLION)
 
7 ELECTROPHYSIOLOGY MARKET, BY INDICATION (Page No. - 97)
    7.1 INTRODUCTION 
          TABLE 50 ELECTROPHYSIOLOGY INDUSTRY, BY INDICATION, 2021–2028 (USD MILLION)
    7.2 ATRIAL FIBRILLATION 
           7.2.1 GROWING INITIATIVES TO SHOWCASE ADVANTAGES OF CATHETER ABLATION OVER ANTIARRHYTHMIC DRUGS TO DRIVE MARKET
                    TABLE 51 MARKET FOR ATRIAL FIBRILLATION, BY REGION, 2021–2028 (USD MILLION)
    7.3 ATRIAL FLUTTER 
           7.3.1 HIGH SUCCESS RATE OF RF CATHETER ABLATION TO DRIVE MARKET
                    TABLE 52 MARKET FOR ATRIAL FLUTTER, BY REGION, 2021–2028 (USD MILLION)
    7.4 ATRIOVENTRICULAR NODAL REENTRY TACHYCARDIA 
           7.4.1 EFFICACY OF ELECTROPHYSIOLOGY DEVICES IN AVNRT APPLICATIONS TO DRIVE MARKET
                    TABLE 53 MARKET FOR AVNRT, BY REGION, 2021–2028 (USD MILLION)
    7.5 WOLFF-PARKINSON-WHITE SYNDROME 
           7.5.1 GROWING PREFERENCE FOR RF ABLATION TREATMENT OVER SURGERY TO DRIVE MARKET
                    TABLE 54 MARKET FOR WPW SYNDROME, BY REGION, 2021–2028 (USD MILLION)
    7.6 OTHER INDICATIONS 
          TABLE 55 MARKET FOR OTHER INDICATIONS, BY REGION, 2021–2028 (USD MILLION)
 
8 ELECTROPHYSIOLOGY MARKET, BY END USER (Page No. - 104)
    8.1 INTRODUCTION 
          TABLE 56 ELECTROPHYSIOLOGY INDUSTRY, BY END USER, 2021–2028 (USD MILLION)
    8.2 HOSPITALS & CARDIAC CENTERS 
           8.2.1 HOSPITAL & CARDIAC CENTERS TO DOMINATE END-USER MARKET
                    TABLE 57 MARKET FOR HOSPITALS & CARDIAC CENTERS, BY REGION, 2021–2028 (USD MILLION)
    8.3 AMBULATORY SURGERY CENTERS 
           8.3.1 INCREASING NUMBER OF CENTERS TO DRIVE ADOPTION OF ELECTROPHYSIOLOGY DEVICES
                    TABLE 58 MARKET FOR AMBULATORY SURGERY CENTERS, BY REGION, 2021–2028 (USD MILLION)
 
9 ELECTROPHYSIOLOGY MARKET, BY REGION (Page No. - 108)
    9.1 INTRODUCTION 
          TABLE 59 ELECTROPHYSIOLOGY INDUSTRY, BY REGION, 2021–2028 (USD MILLION)
    9.2 NORTH AMERICA 
          FIGURE 24 NORTH AMERICA: ELECTROPHYSIOLOGY MARKET SNAPSHOT
           9.2.1 NORTH AMERICA: RECESSION IMPACT
                    TABLE 60 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 61 NORTH AMERICA: MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                    TABLE 62 NORTH AMERICA: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 63 NORTH AMERICA: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 64 NORTH AMERICA: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 65 NORTH AMERICA: MARKET, BY INDICATION, 2021–2028 (USD MILLION)
                    TABLE 66 NORTH AMERICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
           9.2.2 US
                    9.2.2.1 Technological advancements to drive market growth
                                TABLE 67 US: CLINICAL TRIALS RELATED TO ELECTROPHYSIOLOGY DEVICES
                                TABLE 68 US: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 69 US: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 70 US: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 71 US: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.2.3 CANADA
                    9.2.3.1 Growing government funding for research to support market growth
                                TABLE 72 RESEARCH GRANTS TOWARDS RESEARCH IN CARDIOLOGY
                                TABLE 73 CANADA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 74 CANADA: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 75 CANADA: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 76 CANADA: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
    9.3 EUROPE 
           9.3.1 EUROPE: RECESSION IMPACT
                    TABLE 77 EUROPE: ELECTROPHYSIOLOGY MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 78 EUROPE: MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                    TABLE 79 EUROPE: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 80 EUROPE: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 81 EUROPE: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 82 EUROPE: MARKET, BY INDICATION, 2021–2028 (USD MILLION)
                    TABLE 83 EUROPE: MARKET, BY END USER, 2021–2028 (USD MILLION)
           9.3.2 GERMANY
                    9.3.2.1 Rising healthcare expenditure and growing use of electrophysiology devices to drive market
                                TABLE 84 GERMANY: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 85 GERMANY: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 86 GERMANY: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 87 GERMANY: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.3.3 UK
                    9.3.3.1 Growing geriatric population to drive market
                                TABLE 88 UK: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 89 UK: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 90 UK: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 91 UK: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.3.4 FRANCE
                    9.3.4.1 Increasing incidence of heart failure to support market growth
                                TABLE 92 FRANCE: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 93 FRANCE: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 94 FRANCE: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 95 FRANCE: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.3.5 ITALY
                    9.3.5.1 Rising incidence of CVD to drive electrophysiology device adoption
                                TABLE 96 ITALY: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 97 ITALY: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 98 ITALY: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 99 ITALY: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.3.6 SPAIN
                    9.3.6.1 Growing number of cardiac ablation procedures to drive market growth
                                TABLE 100 SPAIN: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 101 SPAIN: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 102 SPAIN: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 103 SPAIN: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.3.7 REST OF EUROPE
                    TABLE 104 REST OF EUROPE: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                    TABLE 105 REST OF EUROPE: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 106 REST OF EUROPE: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 107 REST OF EUROPE: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
    9.4 ASIA PACIFIC 
           9.4.1 ASIA PACIFIC: RECESSION IMPACT
                    FIGURE 25 ASIA PACIFIC: ELECTROPHYSIOLOGY MARKET SNAPSHOT
                    TABLE 108 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 109 ASIA PACIFIC: MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                    TABLE 110 ASIA PACIFIC: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 111 ASIA PACIFIC: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 112 ASIA PACIFIC: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 113 ASIA PACIFIC: MARKET, BY INDICATION, 2021–2028 (USD MILLION)
                    TABLE 114 ASIA PACIFIC: MARKET, BY END USER, 2021–2028 (USD MILLION)
           9.4.2 JAPAN
                    9.4.2.1 Favorable reimbursement scenario to support market growth
                                TABLE 115 JAPAN: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 116 JAPAN: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 117 JAPAN: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 118 JAPAN: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.4.3 CHINA
                    9.4.3.1 Growing geriatric population to drive market
                                TABLE 119 CHINA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 120 CHINA: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 121 CHINA: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 122 CHINA: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.4.4 INDIA
                    9.4.4.1 Increasing healthcare initiatives by government to drive market growth
                                TABLE 123 INDIA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 124 INDIA: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 125 INDIA: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 126 INDIA: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.4.5 AUSTRALIA
                    9.4.5.1 Increasing target disease burden to support market growth
                                TABLE 127 AUSTRALIA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 128 AUSTRALIA: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 129 AUSTRALIA: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 130 AUSTRALIA: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.4.6 SOUTH KOREA
                    9.4.6.1 Supportive government initiatives to drive market growth
                                TABLE 131 SOUTH KOREA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 132 SOUTH KOREA: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 133 SOUTH KOREA: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 134 SOUTH KOREA: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.4.7 REST OF ASIA PACIFIC
                    TABLE 135 REST OF ASIA PACIFIC: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                    TABLE 136 REST OF ASIA PACIFIC: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 137 REST OF ASIA PACIFIC: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 138 REST OF ASIA PACIFIC: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
    9.5 LATIN AMERICA 
           9.5.1 LATIN AMERICA: RECESSION IMPACT
                    TABLE 139 LATIN AMERICA: ELECTROPHYSIOLOGY MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 140 LATIN AMERICA: MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                    TABLE 141 LATIN AMERICA: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 142 LATIN AMERICA: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 143 LATIN AMERICA: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 144 LATIN AMERICA: MARKET, BY INDICATION, 2021–2028 (USD MILLION)
                    TABLE 145 LATIN AMERICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
           9.5.2 BRAZIL
                    9.5.2.1 Modernization of healthcare facilities to drive market growth
                                TABLE 146 BRAZIL: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 147 BRAZIL: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 148 BRAZIL: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 149 BRAZIL: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.5.3 MEXICO
                    9.5.3.1 Favorable investment scenario for medical device manufacturers to drive market
                                TABLE 150 MEXICO: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                TABLE 151 MEXICO: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 152 MEXICO: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                                TABLE 153 MEXICO: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.5.4 REST OF LATIN AMERICA
                    TABLE 154 REST OF LATIN AMERICA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                    TABLE 155 REST OF LATIN AMERICA: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 156 REST OF LATIN AMERICA: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 157 REST OF LATIN AMERICA: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
    9.6 MIDDLE EAST & AFRICA 
           9.6.1 RISING POPULATION AND DISEASE INCIDENCE TO ATTRACT MARKET PLAYERS
           9.6.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
                    TABLE 158 MIDDLE EAST & AFRICA: ELECTROPHYSIOLOGY MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                    TABLE 159 MIDDLE EAST & AFRICA: ELECTROPHYSIOLOGY LABORATORY DEVICES MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 160 MIDDLE EAST & AFRICA: ELECTROPHYSIOLOGY ABLATION CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 161 MIDDLE EAST & AFRICA: ELECTROPHYSIOLOGY DIAGNOSTIC CATHETERS MARKET, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 162 MIDDLE EAST & AFRICA: MARKET, BY INDICATION, 2021–2028 (USD MILLION)
                    TABLE 163 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 171)
     10.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             FIGURE 26 OVERVIEW OF STRATEGIES DEPLOYED BY ELECTROPHYSIOLOGY MARKET PLAYERS
     10.2 REVENUE SHARE ANALYSIS 
             FIGURE 27 REVENUE SHARE ANALYSIS OF TOP PLAYERS, 2020–2022
     10.3 MARKET SHARE ANALYSIS 
             FIGURE 28 ELECTROPHYSIOLOGY INDUSTRY SHARE ANALYSIS, 2022
             TABLE 164 ELECTROPHYSIOLOGY INDUSTRY: DEGREE OF COMPETITION
     10.4 COMPANY EVALUATION MATRIX 
             10.4.1 STARS
             10.4.2 EMERGING LEADERS
             10.4.3 PERVASIVE PLAYERS
             10.4.4 PARTICIPANTS
                        FIGURE 29 ELECTROPHYSIOLOGY INDUSTRY: COMPETITIVE EVALUATION MATRIX, 2022
             10.4.5 COMPANY FOOTPRINT
                        TABLE 165 PRODUCT FOOTPRINT
                        TABLE 166 END-USER FOOTPRINT
                        TABLE 167 REGIONAL FOOTPRINT
     10.5 START-UP/SME EVALUATION MATRIX 
             10.5.1 PROGRESSIVE COMPANIES
             10.5.2 RESPONSIVE COMPANIES
             10.5.3 DYNAMIC COMPANIES
             10.5.4 STARTING BLOCKS
                        FIGURE 30 ELECTROPHYSIOLOGY INDUSTRY: START-UP/SME EVALUATION MATRIX, 2022
             10.5.5 COMPETITIVE BENCHMARKING
                        TABLE 168 ELECTROPHYSIOLOGY INDUSTRY: DETAILED LIST OF KEY START-UPS/SMES
                        TABLE 169 ELECTROPHYSIOLOGY INDUSTRY: COMPETITIVE BENCHMARKING OF START-UPS/SMES
     10.6 COMPETITIVE SCENARIO AND TRENDS 
             10.6.1 PRODUCT LAUNCHES & APPROVALS
                        TABLE 170 ELECTROPHYSIOLOGY INDUSTRY: PRODUCT LAUNCHES & APPROVALS, JANUARY 2019–DECEMBER 2023
             10.6.2 DEALS
                        TABLE 171 ELECTROPHYSIOLOGY MARKET: DEALS, JANUARY 2019–DECEMBER 2023
 
11 COMPANY PROFILES (Page No. - 185)
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
     11.1 KEY PLAYERS 
             11.1.1 JOHNSON & JOHNSON
                        TABLE 172 JOHNSON & JOHNSON: COMPANY OVERVIEW
                        FIGURE 31 JOHNSON & JOHNSON: COMPANY SNAPSHOT (2022)
             11.1.2 ABBOTT LABORATORIES
                        TABLE 173 ABBOTT LABORATORIES: COMPANY OVERVIEW
                        FIGURE 32 ABBOTT LABORATORIES: COMPANY SNAPSHOT (2022)
             11.1.3 MEDTRONIC PLC
                        TABLE 174 MEDTRONIC PLC: COMPANY OVERVIEW
                        FIGURE 33 MEDTRONIC PLC: COMPANY SNAPSHOT (2022)
             11.1.4 KONINKLIJKE PHILIPS N.V.
                        TABLE 175 KONINKLIJKE PHILIPS N.V.: COMPANY OVERVIEW
                        FIGURE 34 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2022)
             11.1.5 GE HEALTHCARE
                        TABLE 176 GE HEALTHCARE: COMPANY OVERVIEW
                        FIGURE 35 GE HEALTHCARE: COMPANY SNAPSHOT (2022)
             11.1.6 BOSTON SCIENTIFIC CORPORATION
                        TABLE 177 BOSTON SCIENTIFIC CORPORATION: COMPANY OVERVIEW
                        FIGURE 36 BOSTON SCIENTIFIC: COMPANY SNAPSHOT (2022)
             11.1.7 JAPAN LIFELINE
                        TABLE 178 JAPAN LIFELINE: COMPANY OVERVIEW
                        FIGURE 37 JAPAN LIFELINE: COMPANY SNAPSHOT (2022)
             11.1.8 STEREOTAXIS
                        TABLE 179 STEREOTAXIS: COMPANY OVERVIEW
                        FIGURE 38 STEREOTAXIS: COMPANY SNAPSHOT (2022)
             11.1.9 MICROPORT SCIENTIFIC CORPORATION
                        TABLE 180 MICROPORT SCIENTIFIC CORPORATION: COMPANY OVERVIEW
                        FIGURE 39 MICROPORT SCIENTIFIC CORPORATION: COMPANY SNAPSHOT (2022)
             11.1.10 BIOTRONIK
                        TABLE 181 BIOTRONIK: COMPANY OVERVIEW
             11.1.11 ACUTUS MEDICAL
                        TABLE 182 ACUTUS MEDICAL: COMPANY OVERVIEW
             11.1.12 EP SOLUTIONS SA
                        TABLE 183 EP SOLUTIONS SA: COMPANY OVERVIEW
             11.1.13 APN HEALTH, LLC
                        TABLE 184 APN HEALTH: COMPANY OVERVIEW
             11.1.14 OSYPKA
                        TABLE 185 OSYPKA: COMPANY OVERVIEW
             11.1.15 EPMAP-SYSTEM GMBH & CO. KG
                        TABLE 186 EPMAP-SYSTEM GMBH & CO. KG: COMPANY OVERVIEW
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     11.2 OTHER PLAYERS 
             11.2.1 CATHRX LTD.
             11.2.2 MERIT MEDICAL SYSTEMS
             11.2.3 COOK MEDICAL
             11.2.4 CATHVISION
             11.2.5 TZ MEDICAL
             11.2.6 TELEFLEX
             11.2.7 LEPU MEDICAL TECHNOLOGY
             11.2.8 CARDIOFOCUS
             11.2.9 SCHWARZER CARDIOTEK
             11.2.10 IMRICOR MEDICAL SYSTEMS
 
12 APPENDIX (Page No. - 231)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 

This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.

Secondary Research

The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the electrophysiology market. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations in product therapy markets. The primary sources from the demand side include medical OEMs, Analytical instrument OEMs, CDMOs, and service providers, among others. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends & key market dynamics.

A breakdown of the primary respondents is provided below:

Electrophysiology  Market Size, and Share

*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.

Note: Com panies are classified into tiers based on their total revenue. As of 2021, Tier 1 = >USD 2 billion, Tier 2 = USD 50 million to USD 2 billion, and Tier 3 = <USD 50 million.

To know about the assumptions considered for the study, download the pdf brochure

Market Estimation Methodology

In this report, the Electrophysiology market size was determined using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the electrophysiology market business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and key marketing executives.

To calculate the global market value, segmental revenues were calculated based on the revenue mapping of major solution/service providers. This process involved the following steps:

  • Generating a list of major global players operating in the electrophysiology market.
  • Mapping annual revenues generated by major global players from the Electrophysiology market(or nearest reported business unit/product category)
  • Revenue mapping of key players to cover a major share of the global market, as of 2022
  • Extrapolating the global value of the electrophysiology market

Electrophysiology  Market Size, and Share

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the Electrophysiology market was split into segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the electrophysiology market was validated using both top-down and bottom-up approaches.

Market Definition

An electrophysiology (EP) test is conducted to study the electrical activities and electrical pathways of the patient’s heart to diagnose and treat complex cardiac diseases. It enables electrophysiologists to understand the cause of heart rhythm disturbances and suggest the required treatment.

Electrophysiology (EP) is defined as the heart’s electrical system that is being studied to analyze and diagnose its electrical activities. Cardiac electrophysiology studies the phenomena by recording the electrical activities of the heart using an invasive catheter. This study helps in assessing complexArrhythmias or heart rhythm disorders.

Key Stakeholders

  • Electrophysiology devices manufacturing companies
  • Suppliers and distributors of electrophysiology products
  • Third-party refurbishers/suppliers
  • Hospitals
  • Cardiac Centers
  • Ambulatory surgery centers
  • Group purchasing organizations (GPOs)
  • Medical research laboratories
  • Academic medical centers and universities
  • Venture capitalists
  • Government bodies
  • Corporate entities
  • Market research and consulting firms
  • Accountable care organizations
  • Community centers
  • Regulatory authorities.
  • Business research and consulting service providers
  • Raw material suppliers

Objectives of the Study

  • To define, describe, and forecast the electrophysiology market on Product, Indication, End-User and Region
  • To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to individual growth trends, prospects, and contributions to the total market.
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
  • To profile the key market players and comprehensively analyze their market shares and core competencies.
  • To forecast the revenue of the market segments concerning five main regions, namely, North America (US and Canada), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), the Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa.
  • To track and analyze competitive developments such as new product launches and approvals; agreements, partnerships, expansions, acquisitions; and collaborations in the electrophysiology market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the present global electrophysiology market

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of the top thirteen companies.

Company Information

  • Detailed analysis and profiling of additional market players (up to 13)

Geographic Analysis

  • Further breakdown of the Rest of Europe's electrophysiology market Russia, Belgium, the Netherlands, Switzerland, Austria, Finland, Sweden, Poland, and Portugal among other
  • Further breakdown of the Rest of Asia Pacific electrophysiology market Singapore, Taiwan, New Zealand, Philippines, Malaysia, and other APAC countries
  • Further breakdown of the Rest of the world electrophysiology market Latin America, MEA, and Africa
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Jan, 2024
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