Electrophysiology Market Analysis 2021 | COVID-19 Impact, Top Trends & Forecasts 2026

Recent trends in the global electrophysiology market are driven by the increasing adoption of digital tools for the deployment of various treatments across the medical sector. A new Cleveland Clinic review examining both, the opportunities as well as challenges for the adoption of these tools has been recently published in the ‘Circulation: Arrhythmia and Electrophysiology’.

This study cites the increasing popularity of consumer products like smartwatch ECGs in various electrophysiology techniques across the market. This is just one of the numerous digital tools that have the capability of transforming the conventional model of innovation in the medical sector. Similar reviews are set to advocate the demand for various electrophysiology devices, boosting revenue growth over the forthcoming years.

As per the latest research by Global Market Insights, Inc., the electrophysiology market size is anticipated to exhibit a commendable CAGR of 10.2 per cent through 2026.

This growth is primarily ascribed to the robust focus of various electrophysiology market players towards the expansion of their offerings across numerous geographies for adhering to the needs of the extensive patient population. Key players in the electrophysiology industry include Abbott Laboratories, GE Healthcare, Johnson & Johnson, Boston Scientific Corporation, Medtronic Plc., and others.

Few major trends driving the market growth comprise:

Rising atrial fibrillation burden in the Europe electrophysiology industry

The growing geriatric population coupled with a higher incidence of atrial fibrillation in Europe is expected to drive the demand for electrophysiology devices in the region. Furthermore, the surging demand for healthcare spending and the affordability of various treatments are likely to escalate market growth over the assessment period.

The Europe electrophysiology market is estimated to grow at an appreciable CAGR of 10.1 per cent through 2026. The emergence of market players and the increasing number of cardiac centers across several countries in the region is expected to impel the electrophysiology industry outlook over the forecasted period.

To access sample pages of this report titled, “Electrophysiology Market Size By Product (EP Ablation Catheters {Radiofrequency, Cryoablation, Laser}, EP Diagnostic Catheters {Conventional, Advanced, Ultrasound}, EP Laboratory Devices {Mapping Systems, Recording Systems}), By Indication (Atrial Fibrillation, Ventricular Tachycardia, Atrial Tachycardia, Atrial Flutter, WOLFF-Parkinson-White (WPW) Syndrome, Atrioventricular Nodal Re-entry Tachycardia), By End-use (Hospitals, Catheterization Laboratories/EP Laboratories, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents, please click on the link below:


Increasing demand for the treatment of ventricular tachycardia

Numerous medical device manufacturers are focusing on the development of novel products for the treatment of ventricular tachycardia as well as for minimizing the risk of stroke amongst various age groups. The ventricular tachycardia segment in the electrophysiology market held a valuation of more than USD 450 million in 2019.

The advantages of continuous monitoring, as well as early diagnosis offered by these products, are expected to escalate product adoption, spurring segment growth over the estimated period.

Escalating demand for EP diagnostic catheters

The expanding applications of diagnostic catheters in intra-cardiac sensing and mapping are likely to escalate the demand for EP diagnostic catheters over the estimated period. Additionally, the surging number of technological advancements have resulted in greater efficiency and stability, leading to superior disease diagnosis, further augmenting electrophysiology market share over the forecasted period.

The EP diagnostic catheters segment accounted for over 35 per cent of the overall market share in 2019 and is estimated to witness substantial growth through 2026.

On the whole, the increasing demand for electrophysiology ablation procedures is likely to propel electrophysiology industry growth, stimulating revenue expansion through the ensuing years.

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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