Electrophysiology Devices Market: Global Company Size, Trends, Opportunity, Growth and Forecast 2021-2027

Electrophysiology Devices

Market Overview:

Electrophysiology (EP) devices are a type of medical equipment that is used to diagnose and treat cardiovascular problems. These devices assess aberrant heartbeats by analyzing the electrical impulses of the heart. Implantable cardioverter defibrillators (ICDs), pacemakers, automated external defibrillators (AEDs), cryoablation EP catheters, radiofrequency ablation catheters, and microwave and laser ablation systems are some of the most often utilized EP devices. In the event of an emergency, these devices send and receive electrical signals to and from the heart to regulate the heartbeat. They are non-invasive and assist in the removal of defective heart tissues that might cause abnormal heart rhythms.

One of the primary factors driving the Electrophysiology Devices Market growth is the rising prevalence of arrhythmia and other cardiovascular diseases (CVDs) over the world. In addition, the growing senior population, which is more sensitive to such medical conditions, is boosting the market growth. The growing knowledge of the advantages of EP devices, which have lower dangers and higher success rates than previously utilized devices, has given the market a good outlook.

In addition, breakthrough technologies like cryo-, laser-, and ultrasound ablation, as well as sophisticated mapping systems, are fueling market expansion. Compact and portable varieties are being developed by product makers for patients suffering from hypertension, diabetes, and other medical conditions. Other reasons, such as the growing need for EP devices for continuous monitoring, diagnosis, and treatment of CVDs in both home and hospital settings, as well as considerable advancements in healthcare infrastructure, are likely to fuel the market even more.

Application Insights

Two application sectors of the Electrophysiology Devices Market are examined: electrophysiological therapy devices and electrophysiology diagnostic devices. In 2018, the electrophysiology diagnostic devices category accounted for the majority of the market. One of the elements contributing to its substantial proportion is the widespread use of cardiac monitors as a standard diagnostic and monitoring tool for arrhythmias.

In 2019, the cardiac monitors market grew to become the leading Electrophysiology Devices Market. Holter monitoring devices, electrocardiograph (ECG) monitors, and implantable cardiac monitors are all examples of this (ICM). The increasing use of these devices in interventional medical procedures including catheter placement, as well as the advent of portable and digital systems, are likely to fuel sector expansion throughout the forecast period.