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Global Electrophysiology Market By Product (Ablation Catheters, Laboratory Devices, Others), By Indication (AF, WPW, Others), By End-Users (Hospitals, Ambulatory Centers, Others), By Region, Forecast & Opportunities to 2026

The global electrophysiology market accounted for a value of USD 5.7 billion in 2019 and is projected to register growth at a CAGR of 7.9% during forecast period.

COVID-19 has impacted the electrophysiology market. The number of patients visiting hospitals or clinics is increasing on daily basis as number of COVID-19 cases increasing in the world. Due to increasing number of patients, there is a major shortage of hospitals beds, ventilators and other medical equipment. This increases demand for healthcare providers which results in deployment of number of physiologists and other healthcare related professionals in COVID ward. Government across various countries has implemented bans on some surgeries and medical procedures which declined growth in electrophysiology market.

Definition:

Electrophysiology can be defined as a branch of physiology which pertains broadly to the flow of ions in biological tissues and to the electrical recording techniques. This enables the measurement of this flow. The classical electrophysiology techniques include placing electrodes into preparations of biological tissue.

Market Dynamics (Drivers/Opportunities):          

The incidence of target diseases is increasing around the world. Atrial Fibrillation (AF) is the most common type of arrhythmia diagnosed in hospitals and clinics. The AF cases are increasing rapidly increasing around the world. In Europe, AF cases are estimated increase up to 70% of the population. This increases demand for electrophysiology and drives growth in electrophysiology market during forecast period.

The adoption of cardiac mapping system is increasing as the patient population is increasing around the world. The awareness among people is increasing about CVDs and the disposable income is also increasing of people. The healthcare infrastructure is improving and the number of surgical procedures is increasing and this drives growth in electrophysiology market during forecast period.

Market Insights, by Product

On the basis of product, the electrophysiology market is segmented into EP ablation catheters, EP diagnostic catheters and EP laboratory devices. The EP ablation catheters segment accounted for largest market share of 45% in 2019. The adoption of EP ablation catheters is increasing in order to reduce the atrial fibrillation symptoms such as shortening of breath and weakness. EP ablation catheters are adopted for treatment of arrhythmia. Ablation catheters have high accuracy rate and this drives growth in EP ablation catheters market during forecast period.
Market Insights, by End-Users

On the basis of end-users, the electrophysiology market is segmented into hospitals, ambulatory surgical centers and others. The hospitals segment accounted for largest market share in 2018 and it is estimated to maintain its dominance over the forecast period. The demand and adoption of technologically advanced cardiac rhythm management and electrophysiological procedure devices by cardiologist at the hospital is increasing. The cardiovascular diseases increasing around the world and this increases demand for electrophysiology market. This drives growth in hospital segment during forecast period.

 Regional Insights

Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The China, Japan and India are countries estimated to register highest growth in Asia-Pacific region during forecast period.  The lifestyle of people is changing along with changes in eating habits of people. The stress level among population is increasing in this region which increases smoking and drinking habits in this region. The excessive consumption of smoke and alcohols results in health-related problems such as heart disease, obesity and other chronic diseases. The spending on healthcare and healthcare infrastructure development is increasing in this region. The demand and adoption of electrophysiology is increasing. This drives growth in Asia-Pacific region in electrophysiology market during forecast period.

Key Companies & Market Share Insights

The key market players in electrophysiology industry are Johnson & Johnson, Abbott Laboratories, Medtronic PLC., Koninklijke Philips N.V., GE Healthcare, Boston Scientific Corporation, Japan Lifeline, Stereot Axis, Microport Scientific Corporation, Biotronik, Actus Medical, Baylis Medical, EP Solution SA, APN Health LLC, Osypka and EPMAP-System.

Segments Covered in the Report

This report forecasts The Global Electrophysiology Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global electrophysiology market report on the basis of product, indication and end-users.

Electrophysiology Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Electrophysiology Market, By Product, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • EP Ablation Catheters
  • EP Diagnostic Catheters
  • EP laboratory Devices
  1. Electrophysiology Market, By Indication, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Atrial Fibrillation (AF)
  • Supraventricular Tachycardia
  • Atrioventricular Nodal Re-entry Tachycardia (AVNRT)
  • Wolff-Parkinson-White Syndrome (WPW)
  • Bradycardia
  • Others
  1. Electrophysiology Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Hospitals
  • Ambulatory Surgical Centers
  • Others
  1. Electrophysiology Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Product
    • By Indication
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Product
      • By Indication
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Product
        • By Indication
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Product
          • By Indication
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Product
            • By Indication
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • EPMAP-System
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Johnson & Johnson
    • Abbott Laboratories
    • Medtronic PLC.
    • Koninklijke Philips N.V.
    • GE Healthcare
    • Boston Scientific Corporation
    • Japan Lifeline
    • Stereot Axis
    • Microport Scientific Corporation
    • Biotronik
    • Actus Medical
    • Baylis Medical
    • EP Solution SA
    • APN Health LLC
    • Osypka
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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