The global electrophysiology devices and equipment market size is expected to grow from $4.8 billion in 2021 to $5.42 billion in 2022 at a compound annual growth rate (CAGR) of 13.0%. The global electrophysiology equipment market size is expected to grow to $8.18 billion in 2026 at a CAGR of 10.8%.
What is the Global Electrophysiology Devices and Equipment Market?
The electrophysiology devices and equipment market consist of sales of electrophysiology devices and equipment and related services. Electrophysiology devices and equipment are used in the diagnosis and treatment of heart rhythm disorders through electrical activity.
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What drives the Global Electrophysiology Devices and Equipment Market?
An increase in the prevalence rate of cardiovascular diseases (CVD) forms one of the major drivers for the industries operating in the electrophysiology devices and equipment market. CVD cases remain the leading cause of death across the globe, which increases the demand for a quick and effective treatment of the disease, thus increasing the demand for electrophysiology devices. Also, according to the Centers for Disease Control and Prevention (CDC), by 2030, 12.1 million people in the United States will suffer from atrial fibrillation, which is the most common type of heart arrhythmia.
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Global Electrophysiology Devices and Equipment Market Segments
The global electrophysiology devices and equipment market is segmented:
By Product Type: Electrophysiology Ablation Catheters, Electrophysiology Diagnostic Catheters, Electrophysiology Lab Systems
By Monitoring Device Type: Electrocardiograph (ECG), Electroencephalograph (EEG), Electrocorticograph (ECoG), Electromyograph (EMG), Electroretinograph (ERG), Electrooculograph (EOG), Holter Monitoring Devices, X-Ray Systems, Imaging and 3D Mapping Systems, Diagnostic Electrophysiology Catheters
By Indication Analysis: Atrioventricular Nodal Reentry Tachycardia (AVNRT), Wolff-Parkinson-White Syndrome (WPW), Atrial Flutter, Atrial Fibrillation
By End-User: Hospitals, Diagnostic Centers, Clinics
By Geography: The regions covered in the electrophysiology devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Electrophysiology Devices and Equipment Global Market Report 2022provides market size and growth forecasts for the global electrophysiology devices and equipment market, global electrophysiology devices and equipment market share, electrophysiology devices and equipment market segments and geographies, electrophysiology devices and equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The electrophysiology devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Electrophysiology Devices and Equipment Industry Playersinclude St. Jude Medical, Boston Scientific Corporation, Abbott Laboratories, GE Healthcare, Philips Healthcare, Biotronik SE & Co. KG, Medtronic Inc., Biosense Webster, Microport Scientific Corporation, and Japan Lifeline Co. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
