The North America Electrophysiology Market would witness market growth of 8.1% CAGR during the forecast period (2022-2028).
Electrophysiology devices are primarily utilized in the diagnosis & treatment of cardiac disorders such as atrial and ventricular fibrillation, as well as tachycardia. Healthcare providers use a variety of electrophysiology-based technologies to diagnose and treat various diseases, including ablation & diagnostic catheters, mapping systems, and so on.
Moreover, during the forecast period, technical advancements in the pharmaceutical industry to create advanced electrophysiology catheters are expected to provide lucrative prospects for market expansion. For example, Boston Scientific Corporation, a medical device firm, announced the debut of DIRECTSENSE technology in the United States in June 2020.
The market's growth is fueled by an increase in the number of approvals for electrophysiological devices. For example, Abbott Laboratories, a pharmaceutical company, started in January 2022 when the EnSite X EP system with EnSite Omni polar technology had received FDA approval for the treatment of patients with atrial fibrillation. Additionally, the rise in the prevalence of chronic diseases like as diabetes, hypertension, and thyroid disease is propelling the electrophysiology market forward. Diabetics and people with high blood pressure are more likely to develop atrial fibrillation. In addition, due to the ageing impact, an increase in the incidence of geriatric population, who are more susceptible to cardiac arrhythmia illnesses, propels market expansion.
The electrophysiology market is dominated by North America. The COVID-19 pandemic had a significant impact on clinical medicine in the North American region. Patients infected with COVID-19 have received a significant number of resources, forcing a reduction in elective medical operations. As per a study published in the Indian Pacing and Electrophysiology Journal in December 2020 by Jeremy P.Berman et al., in the United States, a massive change in workflow and personnel forced by the pandemic enabled the team to efficiently address the intersection of COVID-19 and a variety of electrophysiology issues.
Moreover, this global disaster has had a personal and professional influence on electrophysiologists. In the United States, the Heart Rhythm Society, the American College of Cardiology, & the American Heart Association guided managing invasive & non-invasive electrophysiology procedures, clinic visits, and cardiac device interrogations, as per a research study by Dhanunjaya R. Lakkireddy et al. published in Circulation Journal Mar 2020.
The US market dominated the North America Electrophysiology Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,274.5 million by 2028. The Canada market is experiencing a CAGR of 10.6% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 9.6% during (2022 - 2028).
Based on Type, the market is segmented into Electrophysiology Laboratory Devices, Electrophysiology Diagnostic Catheters, Electrophysiology Ablation Catheters, Electrophysiology Access Devices, and Others. Based on Electrophysiology Laboratory Devices Type, the market is segmented into ICE Ultrasound Imaging Systems, Electrophysiology X-Ray Systems, Radiofrequency (RF) Ablation Systems, 3D Mapping Systems & Electrophysiology Recording Systems, and Electrophysiology Remote Magnetic & Robotic Navigation Systems. Based on Electrophysiology Diagnostic Catheters Type, the market is segmented into Conventional, Ultrasound, and Advanced. Based on Electrophysiology Ablation Catheters Type, the market is segmented into Laser, Cryoablation, and Radiofrequency (RF) & Microwave. Based on End User, the market is segmented into Hospitals & Cardiac centres, and Ambulatory Surgery Centers. Based on Indication type, the market is segmented into Atrial Fibrillation, Atrial Flutter, AVNRT & WPW, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Electrophysiology Market is Estimated to reach $11.9 Billion by 2028, at a CAGR of 8.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Boston Scientific Corporation, General Electric (GE) Co. (GE Healthcare), Medtronic PLC, Koninklijke Philips N.V., Siemens Healthineers AG, Johnson & Johnson, MicroPort Scientific Corporation, Stereotaxis Inc., and Acutus Medical, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Electrophysiology Laboratory Devices
- ICE Ultrasound Imaging Systems
- Electrophysiology X-Ray Systems
- Radiofrequency (RF) Ablation Systems
- 3D Mapping Systems & Electrophysiology Recording Systems
- Electrophysiology Remote Magnetic & Robotic Navigation Systems
- Electrophysiology Diagnostic Catheters
- Conventional
- Ultrasound
- Advanced
- Electrophysiology Ablation Catheters
- Laser
- Cryoablation
- Radiofrequency (RF) & Microwave
- Electrophysiology Access Devices
- Others
By End User
- Hospitals & Cardiac centres
- Ambulatory Surgery Centers
By Indication type
- Atrial Fibrillation
- Atrial Flutter
- AVNRT & WPW
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Abbott Laboratories
- Boston Scientific Corporation
- General Electric (GE) Co. (GE Healthcare)
- Medtronic PLC
- Koninklijke Philips N.V.
- Siemens Healthineers AG
- Johnson & Johnson
- MicroPort Scientific Corporation
- Stereotaxis Inc.
- Acutus Medical, Inc.
TABLE 1 North America Electrophysiology Market, 2018 - 2021, USD Million
TABLE 2 North America Electrophysiology Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Electrophysiology Market
TABLE 4 Approvals and Trials - ELECTROPHYSIOLOGY MARKET
TABLE 5 Product Launches And Product Expansions– Electrophysiology Market
TABLE 6 Acquisition and Mergers– Electrophysiology Market
TABLE 7 North America Electrophysiology Market by Type, 2018 - 2021, USD Million
TABLE 8 North America Electrophysiology Market by Type, 2022 - 2028, USD Million
TABLE 9 North America Electrophysiology Laboratory Devices Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Electrophysiology Laboratory Devices Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Electrophysiology Market by Electrophysiology Laboratory Devices Type, 2018 - 2021, USD Million
TABLE 12 North America Electrophysiology Market by Electrophysiology Laboratory Devices Type, 2022 - 2028, USD Million
TABLE 13 North America ICE Ultrasound Imaging Systems Market by Country, 2018 - 2021, USD Million
TABLE 14 North America ICE Ultrasound Imaging Systems Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Electrophysiology X-Ray Systems Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Electrophysiology X-Ray Systems Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Radiofrequency (RF) Ablation Systems Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Radiofrequency (RF) Ablation Systems Market by Country, 2022 - 2028, USD Million
TABLE 19 North America 3D Mapping Systems & Electrophysiology Recording Systems Market by Country, 2018 - 2021, USD Million
TABLE 20 North America 3D Mapping Systems & Electrophysiology Recording Systems Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Electrophysiology Remote Magnetic & Robotic Navigation Systems Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Electrophysiology Remote Magnetic & Robotic Navigation Systems Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Electrophysiology Diagnostic Catheters Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Electrophysiology Diagnostic Catheters Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Electrophysiology Market by Electrophysiology Diagnostic Catheters Type, 2018 - 2021, USD Million
TABLE 26 North America Electrophysiology Market by Electrophysiology Diagnostic Catheters Type, 2022 - 2028, USD Million
TABLE 27 North America CONVENTIONAL MARKET by Country, 2018 - 2021, USD Million
TABLE 28 North America Conventional Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Ultrasound Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Ultrasound Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Advanced Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Advanced Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Electrophysiology Ablation Catheters Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Electrophysiology Ablation Catheters Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Electrophysiology Market by Electrophysiology Ablation Catheters Type, 2018 - 2021, USD Million
TABLE 36 North America Electrophysiology Market by Electrophysiology Ablation Catheters Type, 2022 - 2028, USD Million
TABLE 37 North America Laser Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Laser Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Cryoablation Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Cryoablation Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Radiofrequency (RF) & Microwave Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Radiofrequency (RF) & Microwave Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Electrophysiology Access Devices Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Electrophysiology Access Devices Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Electrophysiology Market by End User, 2018 - 2021, USD Million
TABLE 48 North America Electrophysiology Market by End User, 2022 - 2028, USD Million
TABLE 49 North America Hospitals & Cardiac centres Market by Country, 2018 - 2021, USD Million
TABLE 50 North America Hospitals & Cardiac centres Market by Country, 2022 - 2028, USD Million
TABLE 51 North America Ambulatory Surgery Centers Market by Country, 2018 - 2021, USD Million
TABLE 52 North America Ambulatory Surgery Centers Market by Country, 2022 - 2028, USD Million
TABLE 53 North America Electrophysiology Market by Indication type, 2018 - 2021, USD Million
TABLE 54 North America Electrophysiology Market by Indication type, 2022 - 2028, USD Million
TABLE 55 North America Atrial Fibrillation Market by Country, 2018 - 2021, USD Million
TABLE 56 North America Atrial Fibrillation Market by Country, 2022 - 2028, USD Million
TABLE 57 North America Atrial Flutter Market by Country, 2018 - 2021, USD Million
TABLE 58 North America Atrial Flutter Market by Country, 2022 - 2028, USD Million
TABLE 59 North America AVNRT & WPW Market by Country, 2018 - 2021, USD Million
TABLE 60 North America AVNRT & WPW Market by Country, 2022 - 2028, USD Million
TABLE 61 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 62 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 63 North America Electrophysiology Market by Country, 2018 - 2021, USD Million
TABLE 64 North America Electrophysiology Market by Country, 2022 - 2028, USD Million
TABLE 65 US Electrophysiology Market, 2018 - 2021, USD Million
TABLE 66 US Electrophysiology Market, 2022 - 2028, USD Million
TABLE 67 US Electrophysiology Market by Type, 2018 - 2021, USD Million
TABLE 68 US Electrophysiology Market by Type, 2022 - 2028, USD Million
TABLE 69 US Electrophysiology Market by Electrophysiology Laboratory Devices Type, 2018 - 2021, USD Million
TABLE 70 US Electrophysiology Market by Electrophysiology Laboratory Devices Type, 2022 - 2028, USD Million
TABLE 71 US Electrophysiology Market by Electrophysiology Diagnostic Catheters Type, 2018 - 2021, USD Million
TABLE 72 US Electrophysiology Market by Electrophysiology Diagnostic Catheters Type, 2022 - 2028, USD Million
TABLE 73 US Electrophysiology Market by Electrophysiology Ablation Catheters Type, 2018 - 2021, USD Million
TABLE 74 US Electrophysiology Market by Electrophysiology Ablation Catheters Type, 2022 - 2028, USD Million
TABLE 75 US Electrophysiology Market by End User, 2018 - 2021, USD Million
TABLE 76 US Electrophysiology Market by End User, 2022 - 2028, USD Million
TABLE 77 US Electrophysiology Market by Indication type, 2018 - 2021, USD Million
TABLE 78 US Electrophysiology Market by Indication type, 2022 - 2028, USD Million
TABLE 79 Canada Electrophysiology Market, 2018 - 2021, USD Million
TABLE 80 Canada Electrophysiology Market, 2022 - 2028, USD Million
TABLE 81 Canada Electrophysiology Market by Type, 2018 - 2021, USD Million
TABLE 82 Canada Electrophysiology Market by Type, 2022 - 2028, USD Million
TABLE 83 Canada Electrophysiology Market by Electrophysiology Laboratory Devices Type, 2018 - 2021, USD Million
TABLE 84 Canada Electrophysiology Market by Electrophysiology Laboratory Devices Type, 2022 - 2028, USD Million
TABLE 85 Canada Electrophysiology Market by Electrophysiology Diagnostic Catheters Type, 2018 - 2021, USD Million
TABLE 86 Canada Electrophysiology Market by Electrophysiology Diagnostic Catheters Type, 2022 - 2028, USD Million
TABLE 87 Canada Electrophysiology Market by Electrophysiology Ablation Catheters Type, 2018 - 2021, USD Million
TABLE 88 Canada Electrophysiology Market by Electrophysiology Ablation Catheters Type, 2022 - 2028, USD Million
TABLE 89 Canada Electrophysiology Market by End User, 2018 - 2021, USD Million
TABLE 90 Canada Electrophysiology Market by End User, 2022 - 2028, USD Million
TABLE 91 Canada Electrophysiology Market by Indication type, 2018 - 2021, USD Million
TABLE 92 Canada Electrophysiology Market by Indication type, 2022 - 2028, USD Million
TABLE 93 Mexico Electrophysiology Market, 2018 - 2021, USD Million
TABLE 94 Mexico Electrophysiology Market, 2022 - 2028, USD Million
TABLE 95 Mexico Electrophysiology Market by Type, 2018 - 2021, USD Million
TABLE 96 Mexico Electrophysiology Market by Type, 2022 - 2028, USD Million
TABLE 97 Mexico Electrophysiology Market by Electrophysiology Laboratory Devices Type, 2018 - 2021, USD Million
TABLE 98 Mexico Electrophysiology Market by Electrophysiology Laboratory Devices Type, 2022 - 2028, USD Million
TABLE 99 Mexico Electrophysiology Market by Electrophysiology Diagnostic Catheters Type, 2018 - 2021, USD Million
TABLE 100 Mexico Electrophysiology Market by Electrophysiology Diagnostic Catheters Type, 2022 - 2028, USD Million
TABLE 101 Mexico Electrophysiology Market by Electrophysiology Ablation Catheters Type, 2018 - 2021, USD Million
TABLE 102 Mexico Electrophysiology Market by Electrophysiology Ablation Catheters Type, 2022 - 2028, USD Million
TABLE 103 Mexico Electrophysiology Market by End User, 2018 - 2021, USD Million
TABLE 104 Mexico Electrophysiology Market by End User, 2022 - 2028, USD Million
TABLE 105 Mexico Electrophysiology Market by Indication type, 2018 - 2021, USD Million
TABLE 106 Mexico Electrophysiology Market by Indication type, 2022 - 2028, USD Million
TABLE 107 Rest of North America Electrophysiology Market, 2018 - 2021, USD Million
TABLE 108 Rest of North America Electrophysiology Market, 2022 - 2028, USD Million
TABLE 109 Rest of North America Electrophysiology Market by Type, 2018 - 2021, USD Million
TABLE 110 Rest of North America Electrophysiology Market by Type, 2022 - 2028, USD Million
TABLE 111 Rest of North America Electrophysiology Market by Electrophysiology Laboratory Devices Type, 2018 - 2021, USD Million
TABLE 112 Rest of North America Electrophysiology Market by Electrophysiology Laboratory Devices Type, 2022 - 2028, USD Million
TABLE 113 Rest of North America Electrophysiology Market by Electrophysiology Diagnostic Catheters Type, 2018 - 2021, USD Million
TABLE 114 Rest of North America Electrophysiology Market by Electrophysiology Diagnostic Catheters Type, 2022 - 2028, USD Million
TABLE 115 Rest of North America Electrophysiology Market by Electrophysiology Ablation Catheters Type, 2018 - 2021, USD Million
TABLE 116 Rest of North America Electrophysiology Market by Electrophysiology Ablation Catheters Type, 2022 - 2028, USD Million
TABLE 117 Rest of North America Electrophysiology Market by End User, 2018 - 2021, USD Million
TABLE 118 Rest of North America Electrophysiology Market by End User, 2022 - 2028, USD Million
TABLE 119 Rest of North America Electrophysiology Market by Indication type, 2018 - 2021, USD Million
TABLE 120 Rest of North America Electrophysiology Market by Indication type, 2022 - 2028, USD Million
TABLE 121 Key Information – Abbott Laboratories
TABLE 122 key Information – Boston Scientific Corporation
TABLE 123 Key Information – General Electric (GE) Co.
TABLE 124 Key Information – Medtronic PLC
TABLE 125 Key Information – Koninklijke Philips N.V.
TABLE 126 Key Information – Siemens Healthineers AG
TABLE 127 Key information –Johnson & Johnson
TABLE 128 key Information – MicroPort Scientific Corporation
TABLE 129 key Information – Stereotaxis Inc.
TABLE 130 Key Information – Acutus Medical, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2020, May – 2022, Apr) Leading Players
FIG 5 Recent Strategies and Developments: Abbott Laboratories
FIG 6 Swot analysis: General electric (GE) Co.
FIG 7 Recent Strategies and Developments: Abbott Medtronic PLC
FIG 8 Recent Strategies and Developments: Koninklijke Philips N.V.
FIG 9 Recent Strategies and Developments: MicroPort Scientific Corporation