Transparency Market Research has published a new report, titled, ‘Electrophysiology Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.’ As per the report, the market was valued at US$ 5,271 Mn in 2018 and is expected to register a CAGR of more than 8% during the forecast period.
The factors driving the growth of the electrophysiology devices market include growth of the healthcare industry, rise in healthcare expenditure, government initiatives, increase in product approvals, and rise in patient population are anticipated to increase the global electrophysiology devices market during the forecast period. Region-wise, North America and Western Europe are likely to dominate the global electrophysiology devices market, thanks to market expansion by various electrophysiology devices key players and the advancements in healthcare and products. Furthermore, development of healthcare infrastructure and increasing medical expenditure by governments in emerging markets such as China and India are anticipated to fuel the electrophysiology devices market in Asia Pacific.

Arrhythmias is a primary hint for the necessity of an electrophysiology examination. Increasing incidences of various types of arrhythmias, like atrial fibrillation, atrial flutter, ventricular tachycardia, and atrial tachycardia, are contributing significantly in boosting the electrophysiology devices market. The geriatric population, and people with diabetes, high blood pressure, obesity, and other cardiovascular diseases are at bigger risk of developing arrhythmias. This factor is expected to fuel the electrophysiology devices market. Substantial technological advancements in the field of electrophysiology devices have affectedly changed the way physicians treat their patients, leading to improved outcomes. Minimally invasive surgeries offer minimal incision, smaller hospital stay, less post-surgery complications, and shorter recovery time. Pacemaker lead is a leading factor instigating difficulties in patients implanted with pacemakers. Hence, rising technological advancements and increasing demand for minimally-invasive surgeries attract patients and help manufacturers increase patient throughput.

The TMR market report also profiles some of the leading companies operating in the global electrophysiology devices market. These players include Biosense Webster, Inc., Abbott, Medtronic plc, and Boston Scientific Corporation. Rising number of mergers & acquisitions, new product launches and strategic collaborations are expected to boost the global electrophysiology devices market during the forecast period. Moreover, high brand recognition, strong product portfolio, and strong geographic presence are expected to fuel the electrophysiology devices market during the forecast period.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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