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Global Electrophysiology Market Segmented by Type of Product and Geography Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $4250

08:42 EDT 13 Jul 2018 | BioPortfolio Reports

The global electrophysiology market has been estimated to register a CAGR of 6.5% during the forecast period 2018 to 2023. Although North America dominates the market due to increasing incidences of heart failure and rapid technological advancements, APAC is expected to register the highest CAGR due to increasing cases of arrhythmia and


high adoption rates in emerging market.


Growing Incidence of Arrhythmia and Heart Failure

In Europe and North America, 12% of the total healthcare expenditure is attributed to heart failure. In 2016, around 5.5 million people were diagnosed with heart failure in the United States. It is expected that this number would become 8 million by 2030. Since electrophysiology devices has their major applications in detecting the heart failure rates, the increasing cases of heart failures are expected to drive the market in the forecast period.

In addition, rapid growth in ageing population is responsible to increase heart failure rates which is further attributed to contribute in the growth of global electrophysiology market.


Lack of Skilled and Experienced Electro physiologists


As of 2017, in the United States, approximately 68% of cardiologists hold a specialization in electrophysiology. Although not a favorable percentage, the EP workforce is more or less stable in the United States. However, due to lack of mobility among the majority of established electro physiologist, there exists a distinct lag in geographical dispersion of the EPs, resulting in a rift between the demand and supply, and a visible disparity among electro physiologists. These lack of skilled electro physiologists is acting as a major restraint for the global electrophysiology market.

Additionally, unfavorable healthcare reforms along with lack of proper reimbursement policies are also responsible for hindering the growth of the market.


North America to Dominate the Market


The electrophysiology market is segmented by product type, and geography. By geography it is segmented into North America, Europe, AsiaPacific, the Middle East and Africa and South America.

North America dominates the electrophysiology market due to the presence of wellestablished healthcare facilities and rise in number of arrhythmia and heart failure cases in the region. AsiaPacific is also expected to propel the electrophysiology market owing to factors, such as increasing accessibility to healthcare facilities in the region, rising medical tourism, and increasing incidences of heart failure cases.


Key Developments in the Market


January 2018: BioSig Technologies, a medical device company which is developing a biomedical signal processing platform designed to address the demand for electrophysiology market has partnered with Mr. Charles Austin and JK advisors to scale up operational activities.

January 2018: Rhythmlink announced patent license agreement with Dignity Health for improving and expanding brain health monitoring options. The proprietary technology by Dignity Health allows quick and easy collection of EEG data which can be further distributed to healthcare personnel for analysis and intervention.


Key players: ABBOTT LABORATORIES, BOSTON SCIENTIFIC, BIOTRONIK SE CO. KG, GE HEALTHCARE, HANSEN MEDICAL, JOHNSON JOHNSON, MEDTRONIC INC., SIEMENS HEALTHCARE, NIHON KOHDEN CORPORATION, and MICROPORT


Reasons to Purchase this Report


Market analysis for the Global electrophysiology Market, with regionspecific assessments and competition analysis on a global and regional scale.

Analyzing various perspectives of the industry with the help of Porter's five forces analysis

The treatment type that is expected to dominate the market

Regions that are expected to witness fastest growth during the forecast period

Identify the latest developments, market shares and strategies employed by the major market players.

3 months analyst support along with the Market Estimate sheet in excel.


Customization of the Report


This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

Original Article: Global Electrophysiology Market Segmented by Type of Product and Geography Growth, Trends and Forecasts 2018 2023 [Report Updated: 08022018] Prices from USD $4250

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