Electrophysiology Market is Expected to Witness Rapid Growth by 2030 | Johnson &
Posted by Vijay Kundekar on February 4th, 2021
According to a new market study by Future Market Insights (FMI), the global electrophysiology market is forecasted to witness abundant growth in terms of value between 2020 and 2030. Technological developments in electrophysiology devices will considerably drive the market growth in the forthcoming years. Advancements leading to miniaturized monitoring systems and ablation devices will stimulate the industry expansion.
As per the statistics of the World Health Organization, more than 18 Mn deaths are directly associated with cardiovascular ailments every year. Among these, nearly 80% are ascribed to strokes and heart attacks, and 33% of the deaths are among people aged below 70 years. In order to curb the mortality rate, healthcare institutions are seeking advanced cardiac care, thereby propelling demand for electrophysiology devices.
Moreover, electrophysiology procedures have gained prominence in the recent past to assess the electrical activity of the heart. Likewise, the need for advanced healthcare has upsurge in developing economies on the back of rising awareness and increasing disposable incomes, furthering the demand for electrophysiology devices.
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The penetration of 3D technology into healthcare has facilitated the development of 3D-mapping devices which have been crucial to the growth of the market. The novel devices and procedures are aiding medical professionals in accurately detecting arrhythmia. Such innovations will continue to complement the growth of the market through the forecast period.
“Manufacturers are fast-tracking production to receive approvals from government authorities, as approvals ensure higher penetration and substantial growth” opines FMI analyst.
Electrophysiology Market - Key Takeaways
Electrophysiology Market - Key Trends
Electrophysiology Market - Regional Analysis
Electrophysiology Market - Competitive Landscape
Some of the key players operating in the market include Johnson & Johnson, Abbott Laboratories, Medtronic Plc, Koninklijke Philips N.V, Boston Scientific Corporation, Japan Lifeline, Stereotaxis, Microport Scientific Corporation, BIOTRONIK, Acutus Medical, Baylis Medical, EP Solutions SA, APN Health LLC, Teleflex and Merit Medical Systems. Market players are focusing on adopting novel technologies to ensure the development of advanced products. Moreover, acquisitions and collaborations with healthcare institutions will continue to shape the regional landscape.
Electrophysiology Laboratory Devices
Electrophysiology Ablation Catheters
Electrophysiology Diagnostic Catheters
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Get Valuable Insights into the Electrophysiology Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global electrophysiology market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the electrophysiology market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.
About the AuthorVijay Kundekar
Joined: August 22nd, 2019
Articles Posted: 420
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