Electrophysiology Market Worth Over $9 Bn in 2017

Wednesday 1 February 2017, Amsterdam

This new report, now available on ASDReports, the Global Electrophysiology Devices Market Forecast 2017-2026: Revenue Forecasts for Monitoring Devices (Including Echocardiography, Diagnostic Catheters, Holter Monitors and Event Monitors) and Treatment Devices (Including Pacemakers, ICDs, Ablation Catheters, CRT-Ds and CRT-Ps) indicates that the global electrophysiology market will see over $9.5bn in revenue in 2017.

The lead analyst of the report said: “The electrophysiology market is expected to experience considerable growth over the forecast period. The main drivers for the growth include an increasingly ageing population, rising prevalence of cardiovascular diseases and growing patient awareness of electrophysiology treatments and products available. In patients suffering from regular arrhythmia, several implants have been developed and introduced to keep the heart rhythm in control. Atrial fibrillation is the most common type of arrhythmia .The number of patients suffering from Atrial fibrillation in US is approximately 2.5-6.1 million people, according to different sources and is expected to increase further. The risk of Atrial fibrillation increases with the age and high blood pressure. Atrial fibrillation is a moderate arrhythmia, sometimes leads to heart failure. In the US alone, around 750,000 hospitalizations occur due to Atrial fibrillation, contributing to approximately 130,000 deaths every year.

Increased incidence of cardiovascular diseases such as heart failure, stroke and arrhythmia will drive the electrophysiology devices market throughout the forecast period. The number of deaths caused due to these diseases is predicted to increase from 17.3 million in 2015 to 21.7 million in 2026.”

The 147 page report contains 103 tables, charts and graphs that add visual analysis in order to explain developing trends within the electrophysiology market. The key player provides revenue forecasts for the period 2017-2026 for the leading diagnostic and treatment device submarkets, namely Electrocardiography, Holter Monitoring Devices, Event Monitors, Diagnostic Catheters and X-ray systems. The report also includes forecasts for Ablation Catheters, Pacemakers, Implantable Cardioverter Defibrillators (ICDs), Cardiac Resynchronization Therapy Defibrillators (CRT-D), Cardiac Resynchronization Therapy Pacemakers (CRT-P) and Implantable Loop Recorders.

The 147 page report offers market forecasts and analysis for 11 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more than 6 companies leading the field in electrophysiology devices.