The report is titled as ‘Electrophysiology Catheters Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the electrophysiology catheters market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The electrophysiology catheters market is expected to grow at a significant rate in the near future.
The global electrophysiology catheters market in 2020 is estimated for more than US$ 6,628.5 Mn and expected to reach a value of US$ 13,412.0 Mn by 2028 with a significant CAGR of 9.2%.
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Electrophysiology Catheters Introduction
Electrophysiology catheters are used to record electrophysiological signals by applying to pace and recording protocols from inside the heart or through the esophagus. Electrophysiology catheters determine electrical properties of ventricles and atrium and used to diagnose different detrimental heart conditions such as cardiac arrhythmias, angina, etc.
Electrophysiology catheters are most commonly used to confirm the diagnosis of atrial fibrillation (AF) and determining the most correct treatment. According to the American Heart Association, atrial fibrillation is the most common cause of arrhythmia in the U.S. and AF affected over 5 million people in the U.S. in 2011. The need for accurate procedures to diagnose cardiovascular diseases especially arrhythmias is will begin to see growth in demand for electrophysiology catheters.
Electrophysiology catheters have application in both ablations as well as interventional cardiology procedures. Diagnostic electrophysiology catheters work by intra-cardiac sensing, recording, stimulating, and mapping the intra-cardiac electrophysiological potential.
Electrophysiology Catheters Market Dynamics
The increasing incidence of cardiac arrhythmia and the growing geriatric population across the globe are the primary factors driving the growth of the global electrophysiology catheters market over the forecast period. Technological advancements in the diagnosis of arrhythmias such as the introduction of wireless technology in diagnosis have proven to be a milestone in the global electrophysiology catheters market.
Electrophysiology catheters are always used with cardiac ablation procedures. The number of cardiac ablation procedures has sharply increased after the number of new FDA approvals in 2010. This increase in the number of cardiac ablation procedures would facilitate the growth of the global electrophysiology catheters market.
Electrophysiology Catheters Market Key Players
The global electrophysiology catheters market is mainly dominated by Abbott (St. Jude Medical), AD Instruments, Transonic Sciences, Stryker Corporation, and Boston Scientific Corporation among others.
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Electrophysiology Catheters Market Segmentation
The global electrophysiology catheters market is segmented on the basis of product type, end-user, and region
On the basis of devices, the global electrophysiology catheters market can be segmented into conventional electrophysiology catheters and advanced electrophysiology catheters. On the basis of end-users, the global electrophysiology catheters market can be segmented into hospitals, ambulatory surgical centers, cardiac catheterization labs, etc.
The global electrophysiology catheters market is expected to increase at a significant CAGR over the forecast period owing to a number of new FDA approval and growing penetration of cardiac ablation procedures in the U.S. and other matured markets.
Electrophysiology Catheters Market Regional Overview & Analysis
On the basis of region, the global electrophysiology catheters market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America electrophysiology catheters market is expected to be the most dominating market throughout the forecast period due to new product launches.
MMC Overview on Electrophysiology Catheters Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Electrophysiology Catheters market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
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