Electrophysiology Market Summary
The global electrophysiology market generated $6.49 billion in 2020, and is estimated to reach $22.65 billion by 2030, witnessing a CAGR of 14.4% from 2021 to 2030, according to the report published by Allied Market Research.
Download Report Summary- https://www.alliedmarketresearch.com/request-sample/452
Drivers, restraints, and opportunities-
Increasing prevalence of cardiac arrhythmia, growth in demand for minimally invasive surgeries, technological advancements within the field of electrophysiology, and increase in number of approvals for electrophysiology devices boost the growth of the global electrophysiology market. However, high cost of electrophysiological devices hinder the growth to a certain extent. But this increase in number of key players to manufacture advanced electrophysiology devices would generate lucrative opportunities in the industry
The segment consisting of EP ablation catheters will lead the market-
By product, the EP ablation catheters segment accounted for the largest share in 2020, contributing to more than two-thirds of the global electrophysiology market. Moreover, the segment is also anticipated to witness the highest CAGR of 15.20% during the forecast period. This is attributed to the increase in the number of ablation procedures and technological advancement to produce novel electrophysiology ablation catheters.
The hospitals & cardiac centers segment is projected to be the dominant undersegmented market in 2030
By end user, the hospitals & cardiac centers segment accounted for more than three-fourths of the global electrophysiology market in 2020. Also, by the same segment, it has been estimated to register the fastest CAGR of 14.90% during the forecast period. This is due to growth in development of hospital infrastructure, and upsurge in initiatives taken by government & private organizations for developing hospitals facilities.
For Purchase Inquiry- https://www.alliedmarketresearch.com/purchase-enquiry/452
|Regional Highlights North America accounted for a majority of the share in 2020-
On the basis of region, the market in North America led in 2020, accounting for more than two-thirds of the global electrophysiology market. The rising prevalence of cardiac arrhythmia and the growing approval rate for electrophysiology devices in the province are the primary factors responsible for this growth. At the same time, the Asia-Pacific region is anticipated to mention fastest CAGR of 15.10% over the forecast period. This is owing to increase in prevalence of atrial fibrillation, improvements in technology related to electrophysiology, rise in health care expenditure and growth of geriatric population in the region.
Key players in the industry-
- Biotronik SE & Co. KG
- Boston Scientific Corporation
- Abbott Laboratories
- CardioFocus, Inc.
- GE Healthcare
- Koninklijke Philips N.V.
- Medtronic Plc.
- MicroPort Scientific Corporation
- Siemens Healthineers AG.
- Johnson & Johnson, Inc.
Other Trending Reports in Life Science Domain
How Big Is the Pharmaceutical Primary Packaging Label Market by 2032? Size, Share & CAGR Analysis
Hepatitis Therapeutics Market Size: $19.17 Billion by 2030 | 3.1% CAGR Growth
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
