Authored By: Sarah
30 Oct 2024

rising incidence of cardiac diseases and growth of insurance providers is driving the Electrophysiology Catheters Market

Latest News:- Electrophysiology Catheters Market: Hospitals and cardiac centers is expected to lead the End-user segment during 2024-2028

Technavio analyzes that the Electrophysiology Catheters Market is expected to grow at a CAGR of 9.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2664.9 million.There are various factors that contribute to the growth of the market. The Electrophysiology Catheters market is experiencing significant growth due to the increasing prevalence of cardiac diseases and the expansion of insurance coverage for related treatments. With the rising number of individuals diagnosed with heart conditions, the demand for electrophysiology catheters, which are used for diagnosing and treating cardiac arrhythmias, is expected to increase. Furthermore, the growth of insurance providers offering comprehensive coverage for these procedures will boost market growth.

The electrophysiology catheters market is driven by the increasing prevalence of cardiac arrhythmias and the rising awareness and diagnosis rate of these conditions. Hospitals and cardiac centers, with their focus on delivering high-quality patient care, will dominate the market due to the concentration of major players and the growing number of digital catheterization laboratories. However, the trend towards non-invasive angiography may hinder market growth. Despite this, the expansion of the global electrophysiology catheters market is fueled by the considerable increase in the number of catheterization laboratories worldwide, leading to high demand for electrophysiology catheters in hospitals and cardiac centers during the forecast period. 

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Electrophysiology Catheters Market Segmentation

  • End-user
    • Hospitals and cardiac centers
    • ASCs
  • Product
    • Ablation catheters
    • Diagnostic catheters
  • Geography
    • North America
    • Europe
    • Asia
    • Rest of World (ROW)

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

  • Abbott Laboratories
  • Acutus Medical Inc.
  • AngioDynamics Inc.
  • APT Medical
  • AtriCure Inc.
  • BIOTRONIK SE and Co. KG
  • Boston Scientific Corp.
  • CardioFocus Inc.
  • CathRx Pty Ltd.
  • Japan Lifeline Co. Ltd.
  • Johnson and Johnson Services Inc.
  • Koninklijke Philips N.V.
  • Medtronic Plc
  • Merit Medical Systems Inc.
  • MicroPort Scientific Corp.
  • Millar Inc.
  • Nihon Kohden Corp.
  • Siemens Healthineers AG
  • Stereotaxis Inc.
  • Stryker Corp.

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Research Analysis Overview

The Electrophysiology market in healthcare is witnessing significant growth due to the rising prevalence of cardiovascular diseases, particularly arrhythmias such as Atrial Fibrillation. Buying behavior is driven by the need for minimally invasive procedures, advancements in electrophysiological techniques like 3D mapping systems, and the aging population. Diagnosis rates for cardiac arrhythmias are increasing, fueled by rising awareness and imaging technologies. Complexity and affordability are key considerations for the use of Electrophysiology Laboratory devices, including electrophysiology ablation and diagnostic catheters, as well as access devices like Cryoablation and Radiofrequency electrophysiology catheters. The field of Cardiology continues to evolve with advancements in Ep Catheter Ablation and Heart Rhythm Disorders, focusing on the manipulation of electrical impulses to treat abnormal heartbeats.

Market Research Overview

The Electrophysiology Catheters Market is a significant segment within the expansive Global Healthcare Equipment Market. This market category, as identified by Technavio, encompasses businesses specializing in research and development (R&D) of electrophysiology catheters and related technologies. These products contribute to the diagnosis, monitoring, and treatment of cardiovascular diseases, particularly arrhythmias. The Global Healthcare Equipment Market's size is determined by Technavio through the consolidated revenue of manufacturers of various diagnostic equipment and devices used across diverse therapy areas. The healthcare equipment industry is segmented into Devices, which includes advanced, differentiated, and clinically tested data-driven devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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