Market Research Report
Global Electrophysiology Device Market Research and Forecast, 2019-2025
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|Global Electrophysiology Device Market Research and Forecast, 2019-2025|
|Published: February 20, 2019||Content info:||
Global Electrophysiology Device Market, Size, Share & Trends Analysis Report, by Product (Monitoring Devices, Treatment Devices, Laboratory Devices, and Catheters) and Forecast, 2019-2025
Electrophysiology is defined as the study of electric activity in the body, such as production and effect of electrical activity on the body. The electrophysiology devices are used to analyze the electric activities of organs such as the heart. For the heart, the electrophysiology devices are used with cardiac catheter and computers to develop electric measurement electrocardiogram tracing within the heart chambers. The RF generators are used along with electrophysiology devices to treat abnormal impulses. The electrophysiology devices market is segmented on the basis of monitoring, laboratory, treatment devices, and catheters. Although, the lack of experienced and skilled electrophysiologist in emerging countries is considered as the major restraint for the market. The skilled electrophysiologist improves the timing, electrical system, diagnosis and treatment of diseases in patients. The cardiac electrophysiologists, through the electrical, system, focus to diagnose and treat irregular heartbeats or arrhythmias. It performs special tests for the heart's electrical system, includes electrophysiology study or ablation or complex ablation which includes atrial fibrillation and ventricular tachycardia that require 3D anatomical mapping. Whereas, the advancement in electrophysiology technology is expected to boost the electrophysiology devices market. Geographically, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. North America is dominating due to the increasing number of arrhythmia and heart failure cases in the region. However, the electrophysiology devices market is expanding in Asia-Pacific, due to improvising healthcare infrastructure.
There are various companies involved in the electrophysiology devices market such as GE Healthcare, Medtronic Inc., Boston Scientific Corporation, Philips Healthcare, Hansen Medical, Johnson & Johnson Services, Inc. and Microport Scientific Corp. The companies are focused on developing advanced electrophysiology products to stay competitive in the market. The Biotronik offers CRT-D, which is implantable cardiac resynchronization therapy (CRT) defibrillator for patients with heart failure. The device allows to monitors heart's rhythm, detects abnormalities and revamp through electrical impulses. The device is designed for fibrillation, and ventricular tachycardia as it is painless stimulation therapy. It is designed with three leads wires to deliver energy to the heart. Geographical expansion, merger & acquisition, finding a new market or innovate in their core competency in order to expand individual market share is a key strategy adopted by major market players. In May 2018, Auris Health, Inc. entered into cooperative development and commercialization agreement with NeuWave Medical, Inc., which is a subsidiary of Ethicon, Inc. The agreement focuses to co-develop integrated systems for robotic control, navigation, and application of microwave ablation delivered through bronchoscopes.
The catheter-based ablation techniques are used to treat atrial fibrillation, in which rapid electrical impulses start in upper chambers of the heart. The ablation procedures isolate and eliminate rapid impulses of the heart. The radiofrequency and cryoablation is used to destroy an abnormal area of the ventricles, which produces abnormal rhythm. While performing catheter ablation targets the origin of arrhythmias and eliminates the frequency of abnormal rhythm. The catheter ablation is referred for the management of heart disorder such as ventricular tachycardia, atrial flutter, premature ventricular contractions, and other arrhythmias. According to the Division of Cardiovascular Medicine, the Advanced Imaging in Cardiac Electrophysiology & Heart Failure (AICE & HF) program, integrates advances in cardiac imaging for the patients with heart rhythm disorders. The cardiac imaging technique includes magnetic resonance imaging (MRI), cardiac computed tomography (CT), 3D electroanatomic mapping (EAM), echocardiography, positron emission tomography (PET) and 3D body surface electrocardiographic mapping. The pacemakers, implantable cardioverter defibrillators and cardiac resynchronization therapy defibrillators are utilized by patients with heart failure or are in need of cardiac implantable electronic devices.
The market study of the global electrophysiology devices market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.