Electrophysiology Market A Dive from 10.5% CAGR in 2023-28| MarkNtel Advisors
MarkNtel Advisors has recently released an all-encompassing report on Electrophysiology market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2023-28: Revealing Electrophysiology Market Insights and Analysis
The Electrophysiology Market is expected to grow at around 10.5% CAGR during the forecast period, i.e., 2023-28.
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Driving Innovation: Exploring the Electrophysiology Market and its Growth Driver
Global Electrophysiology Market Key Driver:
The Transcending Burden of Cardiovascular Diseases Worldwide – An alarming rise in the number of cardiac arrhythmias has compelled innovations in the manufacturing of electrophysiology devices. According to WHO, around 17.9 million people succumb to Cardiovascular diseases (CVDs) every year, accounting for 32% of total deaths worldwide. Out of 5, four CVD deaths are due to strokes and heart attacks, with one-third of these deaths occurring in people under 70. Likewise, as per Canadian government health statistics, one out of twelve Canadians lives with heart disease. Backed by behavioral risk factors such as unhealthy diet, physical inactivity, and excess alcohol and tobacco consumption, the patient pool is expected to surge in the coming years, presenting the need for more effective electrophysiology devices. As a result, the market is expected to enthrall in the coming years.
Electrophysiology Market: Key Players
-Abbott
-Medtronic
-Boston Scientific Corporation
-Koninklijke Philips N.V.
-General Electric Company
-Siemens Healthineers International AG
-Stereotaxis Inc
-Merit Medical Systems
-APN Health LLC
-Osypka Medical
-Japan Lifeline Co Ltd
-Johnson & Johnson
-Biotronik
-Microport Scientific Corporation
-Cathrx Ltd.
-Others (Cook Medical, Teleflex Incorporated, etc.)
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Electrophysiology Market Segmentation Outline:
By Product
-Electrophysiology Laboratory Devices
–3D Mapping Systems
–Electrophysiology Recording System
–Radio Frequency (RF) Ablation Systems
–Intracardiac Echocardiography (ICE) Ultrasound Imaging Systems
–Electrophysiology X-Ray Systems
–Electrophysiology Remote Magnetic and Robotic Navigation Systems
-Electrophysiology Ablation Catheters
–Cryoablation Electrophysiology Catheters
–Radiofrequency (RF) Ablation Catheters
–Microwave Ablation (MWA) Systems
–Laser Ablation Systems
-Electrophysiology Diagnostic Catheters
–Conventional Electrophysiology Diagnostic Catheters
–Advanced Electrophysiology Diagnostic Catheters
–Ultrasound Electrophysiology Diagnostic Catheters
-Access Devices
-Other Products
By Indication Type
-Atrial Fibrillation
-Atrial Flutter
-Atrioventricular Nodal Reentry Tachycardia (AVNRT)
-Wolff-Parkinson-White Syndrome (WPW)
-Other Indications
By End User
-Hospitals & Cardiac Centers
-Ambulatory Surgery Centers
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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