According to IMARC Group latest report titled” Electrophysiology Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global Electrophysiology Devices market size to continue its strong growth during the next five years.

Market Trends:

Electrophysiology (EP) devices are various medical equipment used to diagnose and treat several cardiological ailments. These devices observe the electrical impulses of the heart and assess abnormal heartbeats. Some of the commonly available EP devices include pacemakers, radiofrequency ablation catheters, automated external defibrillators (AEDs), implantable cardioverter defibrillators (ICDs), microwave and laser ablation systems, etc. These medical devices send and receive electrical signals to and from the heart to normalize the heartbeat in case of an emergency. EP devices are minimally invasive and assist in removing dysfunctional heart tissues that may cause irregular heart rhythms. 

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The growing prevalence of arrhythmia and other cardiovascular diseases (CVDs), particularly among the geriatric population who are more susceptible to such ailments, is primarily propelling the market for EP devices. Furthermore, the rising awareness among the masses towards several benefits of EP devices, such as minimal risks and higher success rates than the traditionally used devices, is also augmenting the global market. Besides this, numerous technological advancements have led to the emergence of laser, cryo- and ultrasound ablation and advanced mapping systems, thereby bolstering the market growth. In the coming years, the introduction of compact and portable devices for residential settings will continue to drive the global market for EP devices.  

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

• Biosense Webster Inc.
• Biotronik SE & Co. KG
• Boston Scientific Corporation
• Cardiofocus Inc.
• Koninklijke Philips N.V.
• Medtronic Inc.
• MicroPort Scientific Corporation
• Molecular Devices LLC
• Nihon Kohden Corporation
• Siemens Healthcare GmbH
• Stereotaxis Inc

Electrophysiology Devices Market Segmentation:

Our report has categorized the market based on Region, 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
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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