Global Electrophysiology Devices And Equipment Market Trends And Strategies Of Major Players In The Electrophysiology Devices And Equipment Market 2021-2030

The electrophysiology devices and equipment market consists 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. The market is segmented by product type into electrophysiology ablation catheters, electrophysiology diagnostic catheters and electrophysiology lab systems.

Global Electrophysiology Devices And Equipment Market Size And Drivers:

The global electrophysiology devices and equipment market is expected to grow from $3.41 billion in 2020 to $3.93 billion in 2021 at a compound annual growth rate (CAGR) of 15.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5.85 billion in 2025 at a CAGR of 10.5%. Increase in prevalence rate of cardiovascular diseases (CVD) forms one of the major driver for the industries operating in electrophysiology devices and equipment market.

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Trends In The Global Electrophysiology Devices And Equipment Market

The reuse of single use devices (SUDs) is permitted by the Medicines and Healthcare products Regulatory Agency (MHRA), which may impact the electrophysiology devices and equipment market growth as a few of the products within the market may be reused. The MHRA allows the reuse of electrophysiology catheters, however, the device should be adherent to the medical devices directive and should have a CE mark. The reuse or reprocessing of electrophysiology catheters by electrophysiology (EP) laboratories in the US helps in reducing the costs of these devices and lessen the environmental burden of the discarded bio-waste materials. As there is no clear regulation on reuse in the developing nations such as Africa, Asia, Eastern Europe, Central America, and South America, the electrophysiology devices and equipment market may face few challenges.

Global Electrophysiology Devices And Equipment Market Segments:
The global electrophysiology devices and equipment market is further 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-Users: Hospitals, Diagnostic Centers, Clinics
By Geography: The global electrophysiology devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Electrophysiology Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides electrophysiology devices and equipment market overviews, analyzes and forecasts market size and growth for the global electrophysiology devices and equipment market, electrophysiology devices and equipment market share, electrophysiology devices and equipment market players, electrophysiology devices and equipment market segments and geographies, electrophysiology devices and equipment market’s 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.