Pune, India -- (SBWIRE) -- 05/21/2018 -- An electrophysiology Industry study is a test that records the electrical activity and the electrical pathways of your heart. This test is used to help determine the cause of your heart rhythm disturbance and the best treatment for you. During the EP study, your doctor will safely reproduce your abnormal heart rhythm and then may give you different medications to see which one controls it best or to determine the best procedure or device to treat your heart rhythm.
The Global Electrophysiology Market accounted to USD 3.90 billion in 2016 growing at a CAGR of 10.5% during the forecast period of 2017 to 2024.
Global Electrophysiology Market Devices (Electrophysiology Diagnostic Catheters, Electrophysiology Laboratory Devices, Electrophysiology Ablation Catheters), Indication (Atrial Fibrillation, Atrial Flutter, Atrioventricular Nodal Reentry Tachycardia, Wolff-Parkinson-White Syndrome, Others), End-Users (Hospitals, Emergency Clinics, Cardiac Centers, Diagnostic Centers, Home Healthcare Providers), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Major Market Competitors
Some of the major players operating in global electrophysiology market are :-
- Abbott Laboratories,
- Boston Scientific Corporation,
- Medtronic,
- Koninklijke Philips N.V.,
- Siemens AG,
- Johnson & Johnson Services, Inc.,
- Microport Scientific Corporation,
- Sorin Group,
- CardioFocus,
- R. Bard, Inc.,
- Mogul Enterprises, Inc.,
- CathEffects Inc.,
- Baxter,
- Braun Melsungen AG,
- Biotronik Se & Co.Kg,
- AtriCure, Inc.,
- General Electric,
- Danaher,
- 3M,
- TZ Medical, Inc.,
- Advanced Cardiac Therapeutics,
- Catheter & Medical Design, Inc.,
- Japan Lifeline Co., Ltd.,
- Melys AFSM Ltd.,
- ARGON MEDICAL,
- OSYPKA AG,
- Medline Industries, Inc.,
- Pioneer Medical Devices,
- VascoMed GmbH,
- Oscor Inc.,
- Neomed Management AS,
- MedWOW Global
- among others.
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Competitive Analysis:
The Global Electrophysiology Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electrophysiology market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
- Developing Occurrence of Atrial Fibrillation
- Growing Healthcare Spending
- Developing Markets
- Disapproving Healthcare Reforms in the U.S.
- Absence of Expert and Experienced Electrophysiologists in Emerging Nations
- Regular Product Recalls
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Market Segmentation
On the basis of geography Global Electrophysiology Market Is Segmented as Follows
- North America & South America,
- Europe,
- Asia-Pacific,
- Middle East & Africa.
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