Electrophysiology Market by Product (Ablation Catheters, Diagnostic Catheters, Laboratory Devices, Access Devices, Others), Indication (Atrial Fibrillation, Atrioventricular Nodal Reentry Tachycardia, Atrial Flutter, Wolff-Parkinson-White Syndrome, O

The Global Electrophysiology Market held USD 5.20 billion in 2019 and is predicted to reach USD 15.75 billion by 2030 with a CAGR of 10.6% from 2020-2030. Electrophysiology (EP) is the assessment of electrical impulses of the heart. It helps to evaluate abnormal heartbeats. The growing aging population is accountable for increasing heart failure rates. The significant advancement in the EP technologies have improved the ability to target the areas of the heart perpetuating that leads to atrial fibrillation (AF).
Market Dynamics and Trends
The improving and modernizing healthcare infrastructure as well as huge burden of target diseases in developing nations has proliferated the electrophysiology market trend. Moreover, the number of ablation procedures for the treatment of atrial fibrillation will increase the electrophysiology market size.
The factors including increasing prevalence of target diseases, technological advancements in the field of electrophysiology, and demand for catheter ablation procedures has majorly driven the electrophysiology market. Moreover, growing preference of EP catheter ablation for cardiac arrhythmia treatment is expected to drive the market growth. However, high cost of the EP device and dearth of skilled electrophysiologists may limit the growth of the electrophysiology market share. The lucrative opportunities in emerging economies and rising awareness regarding the EP technologies will create new opportunities for the market growth in future.
Market Segmentation and Scope of the Study
The electrophysiology market is segmented on the basis of product, indication, and geography.

On the basis of product

, the market is segmented into EP Ablation Catheters, EP Laboratory Devices, EP Diagnostic Catheters, Access Devices. The EP Ablation Catheters is sub segmented into cryoablation EP catheters, radiofrequency ablation catheters, microwave ablation systems, Irrigated-tip RF ablation catheters, laser ablation systems, Laser ablation systems and Navigational advanced mapping accessories. The laboratory devices segment is further divided into EP x-ray systems, 3D mapping systems, EP recording systems, EP remote steering systems, and others. The diagnostic catheters segment is further sub segmented into conventional EP diagnostic catheters, advanced EP diagnostic catheters, and ultrasound EP diagnostic catheters. On the basis of indication, the market is divided into atrial fibrillation, atrioventricular nodal re-entry tachycardia, atrial flutter, wolff-parkinson-white syndrome, and other. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographic Analysis
North America denotes a higher adoption of the electrophysiology and is anticipated hold the highest market share during the forecast period. This is attributable to the factors including presence of well-established healthcare amenities, rise in the number of arrhythmia & heart failure cases, and technological advancements. It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing market size owing to increasing accessibility to healthcare facilities in the region, increasing medical tourism, and increasing incidences of heart failure cases.

Competitive Landscape

Comprehensive competitive analysis and profiles of the major market players such as Siemens AG, Medtronic plc,St. Jude Medical, Inc., Biosense Webster, Inc., Philips Healthcare, Biotronik SE & Co.KG, Boston Scientific Corporation, GE Healthcare, Microport Scientific Corporation, Abbott Laboratories, and others are provided in the electrophysiology market report.
KEY MARKET SEGMENTS:
• Global Electrophysiology market – By Product
o EP Ablation Catheters
 Cryoablation EP Catheters
 Radiofrequency Ablation Catheters
 Irrigated-tip RF Ablation Catheters
 Microwave Ablation Systems
 Laser Ablation Systems
 Navigational Advanced Mapping Accessories
o EP Laboratory Devices
 D mapping systems
 EP recording systems
 EP remote steering systems
 Other EP Laboratory Devices
o Laboratory Devices
 EP X-Ray Systems
 3D Mapping Systems
 EP Recording Systems
 EP Remote Steering Systems
 Others
o EP Diagnostic Catheters
 Conventional EP Diagnostic Catheters
 Advanced EP Diagnostic Catheters
 Ultrasound EP Diagnostic Catheters
o Access Devices
• Global Electrophysiology market – By Indication
o Atrial Fibrillation
o Atrioventricular Nodal Reentry Tachycardia
o Atrial Flutter
o Wolff-Parkinson-White Syndrome
o Other
• Global Electrophysiology market –By Geography
o North America
 U.S.
 Canada
 Mexico
o Europe
 UK
 Germany
 France
 Italy
 Rest of Europe
o Asia-Pacific
 China
 India
 Japan
 Australia
 Rest of Asia-Pacific
o RoW
 South Africa
 Brazil
 Argentina
 Egypt
 Israel