Electrophysiology Equipment Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Olympus, Nikon Instruments Inc., Carl Zeiss Microscopy, Leica Microsystems

The global electrophysiological equipment market was worth USD 6.10 billion in 2021 and is expected to grow to USD 9.95 billion by 2027, at a CAGR of 11.2% over the forecast period.

Electrophysiology Equipment Market Overview

Electrophysiology devices are primarily utilized in the diagnosis and treatment of cardiac disorders such as atrial and ventricular fibrillation, as well as tachycardia. Healthcare professionals use a variety of tools based on the electrophysiological technique to identify and treat various disorders, including ablation and diagnostic catheters, mapping systems, etc. Atrial fibrillation is thought to affect between 2.7 million and 6.0 million persons in the United States, according to the Centers for Disease Control and Prevention (CDC). The American College of Cardiology estimates that 840,800 fatalities in 2016 were attributable to cardiovascular diseases, which are the country's top cause of mortality. Growing demand for cardiac rhythm management devices for continuous monitoring and expanding use of electrophysiology devices in the diagnosis and treatment of cardiovascular illnesses like atrial fibrillation are some factors anticipated to boost market growth rate during the forecast period. One of the key factors impacting the market's growth is the introduction of technologically improved equipment. During the projection period, the use of various advanced mapping and guidance systems that assist in improved monitoring of cardiac rhythm is predicted to increase.

Industry News and Updates

March 22, 2021: Beaumont Health Launches Study of New Ablation Procedure for Atrial Fibrillation --

A clinical study of a new cardiac ablation procedure for patients with an irregular heartbeat has launched at Beaumont Health, a worldwide leader in the treatment of atrial fibrillation, or AFib. Researchers at Beaumont, Royal Oak are testing whether pulsed field ablation to treat AFib improves success rate, reduces complications and decreases treatment time when compared to traditional ablation procedures. Beaumont is one of 30 sites around the world - 15 in the United States - and the only site in Michigan participating in the study. Beaumont is also one of the only health systems in Michigan with a center dedicated to treatment of AFib.

What are the major Applications, Types and Regions for Electrophysiology Equipment Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Monitoring Devices


• Treatment Devices

By Application, it is segmented into

• Universities


• Hospitals


• Laboratory

Electrophysiology Equipment Market Regional Analysis

North America held the greatest share of the global electrophysiology devices market in 2021, and this trend is expected to continue throughout the forecast period. An increase in new product approvals, a rise in demand for electrophysiology devices, acquisitions, partnerships, or collaborations, as well as regional expansion by regional players in the U.S. and Canada, are all factors that have contributed to the region's electrophysiology devices market growth. In 2021, Europe was the second-largest market for electrophysiology equipment. The area offers less prospects to new entrants because it already has a strong network of important companies. Asia Pacific is a developing region with significant growth potential. During the forecast period, the market in the region is anticipated to expand at a CAGR of 9.1%.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Electrophysiology Equipment Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Electrophysiology Equipment Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Electrophysiology Equipment Market report scope?

Key Takeaways from this Electrophysiology Equipment Market Report

• Evaluate Electrophysiology Equipment market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Electrophysiology Equipment market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Electrophysiology Equipment Market?

The Electrophysiology Equipment Market is growing at a CAGR of 11.2% over the next 5 years.

Who are the key players in Electrophysiology Equipment Market?

Olympus, Nikon Instruments Inc., Carl Zeiss Microscopy, Leica Microsystems, Prior Scientific Instruments Ltd., Siemens Healthineers, Hitachi, Abbott Laboratories, Acutus Medical, Inc., Nihon Kohden Corporation, Biosense Webster, Inc., Boston Scientific Corporation, GE Healthcare, Medtronic plc, Koninklijke Philips N.V., Biotronik SE & Co.KG, Microport Scientific Corporation

What are the significant types of Electrophysiology Equipment Market?

Monitoring Devices, Treatment Devices

What are the major end-use applications of Electrophysiology Equipment Market?

Universities, Hospitals, Laboratory

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