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Electrophysiology Market to Exhibit Impressive Growth with major Key player St. Jude Medical, Inc.,

Author: Pooja Sathawane
by Pooja Sathawane
Posted: Aug 25, 2019

Electrophysiology Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $8,271 million by 2022, registering a CAGR of 13.4% during the period 2016-2022.Electrophysiology (EP) ablation catheters is expected to dominate the global electrophysiology market throughout the forecast period. North America accounted more than one-third share of the global electrophysiology market in 2015.

The market is driven by growth in incidence of atrial fibrillation (one of the most common heart rhythm disorder or cardiac arrhythmia), growth in baby boomer generation with high-risk of targeted diseases, and increase in adoption of EP catheter ablation. Rise in focus of the key players toward innovative EP technologies (such as 3D mapping systems, bidirectional duodecapolar diagnostic catheter, remote steering systems, and irrigated-tip RF catheters), and growth in EP labs further drives the market growth. However, stringent government regulations, high cost of the treatment of complex arrhythmias, preference to pharmaceutical interventions (drugs) over, and dearth of skilled & experienced electrophysiologists restrain the market growth.

Segment Review:

EP ablation is a minimally invasive procedure, which employs catheters to destroy faulty electrical pathways from heart. The device is useful in removal of the abnormal heart tissues that cause irregular heart rhythms. Radiofrequency and cryoablation types are the most widely used EP ablation catheters, and are expected to register significant market capture with pertinent advancements in the technology. In addition, the number of ablation procedures performed for the treatment of atrial fibrillation is expected to increase substantially in the foresee future. Catheter ablation is a low-risk process with high success rates, making it the most preferred modality for the treatment of cardiac arrhythmias. The treatment of cardiac arrhythmias, especially

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Key Findings of the Electrophysiology Market

  • In 2015, EP ablation catheter was the leading product type, and is projected to grow at a high CAGR of 14.4%.
  • Cryoablation EP catheters is expected to grow at a remarkable CAGR of 15.1%.
  • Irrigated-tip RF ablation catheters is projected to grow at a high CAGR of 14.6%.
  • U.S. was the highest market shareholder with over 80% in the North American region in 2015.
  • Japan is the major shareholder, accounting for around half of the Asia-Pacific electrophysiology market.
  • North America is expected to dominate the EP market followed Europe, during the analysis period.

Major Key Players:

  • St. Jude Medical, Inc.
  • Biosense Webster, Inc. (A Johnson & Johnson Company)
  • Boston Scientific Corporation
  • Medtronic, Inc.
  • GE Healthcare (Division of General Electric Co.)
  • Siemens AG
  • Medtronic plc
  • Philips Healthcare (A Division of Koninklijke Philips N.V.)
  • Biotronik SE & Co.KG
  • Microport Scientific Corporation, and Abbott Laboratories.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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Author: Pooja Sathawane

Pooja Sathawane

Member since: Aug 21, 2019
Published articles: 6

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