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PUBLISHER: IMARC | PRODUCT CODE: 1370352
PUBLISHER: IMARC | PRODUCT CODE: 1370352
Electrophysiology Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
Market Overview:
The global electrophysiology devices market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2028, exhibiting a growth rate (CAGR) of 8.7% during 2023-2028.
Electrophysiology (EP) devices refer to various medical equipment that are used for the diagnosis and treatment of cardiological ailments. These devices analyze the electrical impulses of the heart and evaluate abnormal heartbeats. Some of the commonly used EP devices include implantable cardioverter defibrillators (ICDs), pacemakers, automated external defibrillators (AEDs), cryoablation EP catheters, radiofrequency ablation catheters and microwave and laser ablation systems. These devices send and receive electrical signals to and from the heart to regulate the heartbeat in case of an emergency. They are minimally invasive and also aid in removing dysfunctional heart tissues that can cause irregular heart rhythms.
The increasing prevalence of arrhythmia and other cardiovascular diseases (CVDs) across the globe is one of the key factors driving the growth of the market. Furthermore, the rising geriatric population, which is more susceptible to such medical ailments, is also providing a boost to the market growth. The increasing awareness regarding the benefits of EP devices that have minimal risks and higher success rates as compared to the traditionally used devices has created a positive outlook for the market. Additionally, the advent of innovative technologies, such as cryo-, laser and ultrasound ablation and advanced mapping systems, are also contributing to the market growth. Product manufacturers are developing variants that are compact and portable and are also suitable for patients suffering from hypertension, diabetes and other medical ailments. Other factors, including the increasing requirement of EP devices for continuous monitoring, diagnosis and treatment of CVDs in both residential and hospital settings, along with significant improvements in the healthcare infrastructure, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electrophysiology devices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, indication and end user.
Breakup by Product:
Treatment Devices
Implantable Cardioverter Defibrillators (ICDs)
Automated External Defibrillators (AEDs)
Pacemakers
CRT-P
CRT-D
Catheters
Others
Diagnostic Devices
Holter Monitoring Devices
Diagnostic Electrophysiology Catheters
Electrocardiograph (ECG)
EP Mapping & Imaging Systems
Insertable Cardiac Monitors (ICM)
Others
Breakup by Indication:
Atrial Fibrillation (AF)
Supraventricular Tachycardia
Atrioventricular Nodal Re-entry Tachycardia (AVNRT)
Wolff-Parkinson-White Syndrome (WPW)
Bradycardia
Other
Breakup by End User:
Hospitals
Diagnostic Centers
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Biosense Webster Inc. (Johnson & Johnson), Biotronik SE & Co. KG, Boston Scientific Corporation, Cardiofocus Inc., Koninklijke Philips N.V., Medtronic Inc., MicroPort Scientific Corporation, Molecular Devices LLC (Danaher Corporation), Nihon Kohden Corporation, Siemens Healthcare GmbH and Stereotaxis Inc.
Key Questions Answered in This Report
- 1. What was the size of the global electrophysiology devices market in 2022?
- 2. What is the expected growth rate of the global electrophysiology devices market during 2023-2028?
- 3. What are the key factors driving the global electrophysiology devices market?
- 4. What has been the impact of COVID-19 on the global electrophysiology devices market?
- 5. What is the breakup of the global electrophysiology devices market based on the product?
- 6. What is the breakup of the global electrophysiology devices market based on the indication?
- 7. What is the breakup of the global electrophysiology devices market based on the end user?
- 8. What are the key regions in the global electrophysiology devices market?
- 9. Who are the key players/companies in the global electrophysiology devices market?
Product Code: SR112023A2620
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Electrophysiology Devices Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Treatment Devices
- 6.1.1 Market Trends
- 6.1.2 Major Types
- 6.1.2.1 Implantable Cardioverter Defibrillators (ICDs)
- 6.1.2.2 Automated External Defibrillators (AEDs)
- 6.1.2.3 Pacemakers
- 6.1.2.4 CRT-P
- 6.1.2.5 CRT-D
- 6.1.2.6 Catheters
- 6.1.2.7 Others
- 6.1.3 Market Forecast
- 6.2 Diagnostic Devices
- 6.2.1 Market Trends
- 6.2.2 Major Types
- 6.2.2.1 Holter Monitoring Devices
- 6.2.2.2 Diagnostic Electrophysiology Catheters
- 6.2.2.3 Electrocardiograph (ECG)
- 6.2.2.4 EP Mapping & Imaging Systems
- 6.2.2.5 Insertable Cardiac Monitors (ICM)
- 6.2.2.6 Others
- 6.2.3 Market Forecast
7 Market Breakup by Indication
- 7.1 Atrial Fibrillation (AF)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Supraventricular Tachycardia
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Atrioventricular Nodal Re-entry Tachycardia (AVNRT)
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Wolff-Parkinson-White Syndrome (WPW)
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Bradycardia
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Other
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by End User
- 8.1 Hospitals
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Diagnostic Centers
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Biosense Webster Inc. (Johnson & Johnson)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Biotronik SE & Co. KG
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 SWOT Analysis
- 14.3.3 Boston Scientific Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Cardiofocus Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Koninklijke Philips N.V.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Medtronic Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 MicroPort Scientific Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Molecular Devices LLC
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Nihon Kohden Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Siemens Healthcare GmbH
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Stereotaxis Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.1 Biosense Webster Inc. (Johnson & Johnson)
Product Code: SR112023A2620
List of Figures
- Figure 1: Global: Electrophysiology Devices Market: Major Drivers and Challenges
- Figure 2: Global: Electrophysiology Devices Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Electrophysiology Devices Market: Breakup by Product (in %), 2022
- Figure 4: Global: Electrophysiology Devices Market: Breakup by Indication (in %), 2022
- Figure 5: Global: Electrophysiology Devices Market: Breakup by End User (in %), 2022
- Figure 6: Global: Electrophysiology Devices Market: Breakup by Region (in %), 2022
- Figure 7: Global: Electrophysiology Devices Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 8: Global: Electrophysiology Devices (Treatment Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Electrophysiology Devices (Treatment Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Electrophysiology Devices (Diagnostic Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Electrophysiology Devices (Diagnostic Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Electrophysiology Devices (Atrial Fibrillation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Electrophysiology Devices (Atrial Fibrillation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Electrophysiology Devices (Supraventricular Tachycardia) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Electrophysiology Devices (Supraventricular Tachycardia) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Electrophysiology Devices (Atrioventricular Nodal Re-entry Tachycardia) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Electrophysiology Devices (Atrioventricular Nodal Re-entry Tachycardia) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Electrophysiology Devices (Wolff-Parkinson-White Syndrome) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Electrophysiology Devices (Wolff-Parkinson-White Syndrome) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Electrophysiology Devices (Bradycardia) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Electrophysiology Devices (Bradycardia) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Electrophysiology Devices (Other Indications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Electrophysiology Devices (Other Indications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Electrophysiology Devices (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Electrophysiology Devices (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Electrophysiology Devices (Diagnostic Centers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Electrophysiology Devices (Diagnostic Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Electrophysiology Devices (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Electrophysiology Devices (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia Pacific: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia Pacific: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Electrophysiology Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Global: Electrophysiology Devices Industry: SWOT Analysis
- Figure 79: Global: Electrophysiology Devices Industry: Value Chain Analysis
- Figure 80: Global: Electrophysiology Devices Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Electrophysiology Devices Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Electrophysiology Devices Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Electrophysiology Devices Market Forecast: Breakup by Indication (in Million US$), 2023-2028
- Table 4: Global: Electrophysiology Devices Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Electrophysiology Devices Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Electrophysiology Devices Market: Competitive Structure
- Table 7: Global: Electrophysiology Devices Market: Key Players
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