Market Research Report
Asia-Pacific Electrophysiology Market - Growth, Trends, and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||871449|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Asia-Pacific Electrophysiology Market - Growth, Trends, and Forecast (2020 - 2025)|
|Published: February 1, 2020||Content info: 120 Pages||
The Asia-Pacific electrophysiology market will show rapid growth due to the increasing prevalence of target diseases, technological advancements in the field of electrophysiology, and increasing demand for catheter ablation procedures.
According to the research article published in 2017, it was estimated that in China's 7% of the population is affected by heart strokes and electrophysiology devices thus have a major application in detecting these heart failure rates. In addition, a rapid increase in the aging population was found to be responsible for increasing heart failure rates, which has further contributed to the growth of the electrophysiology market.
Ablation Catheters are Expected to hold the Highest Market Share in the Product Type
Ablation catheters are useful in removing anomalous heart tissues that may result in irregular heartbeats. These devices work on the basis of ablation, which is a minimally invasive procedure that employs catheters to demolish the defective electrical pathways from the heart. Radiofrequency ablation and cryoablation are the most commonly used types of ablation catheters, and both are expected to hold significant market shares, aided by related advancements in the technology.
The electrophysiology market, which is highly competitive, consists of a few major players. In terms of market share, few of the major players currently dominate the market. Companies, such as Abbott Laboratories, Boston Scientific Corporation, and Medtronic, among others, hold a substantial market share in the electrophysiology market.