Europe Electrophysiology Market Share, Opportunities, Industry 2031

Segments - Europe Electrophysiology Market by Products (Laboratory Devices, Access Catheters, Access Devices, Ablation Catheters, and Others), Diseases (Wolff-Parkinson-white Syndrome, Atrial Flutter, Atrial Fibrillation, Atrioventricular Nodal Reentry Tachycardia, and Other Target Diseases), and Geography (Italy, France, Germany, Spain, United Kingdom, and Rest of Europe) - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The Europe Electrophysiology Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 7.5% during the forecast period, 2023 – 2031. The growth of market is attributed to growing demand for catheter ablation procedure, new advanced technology in electrophysiology industry, and prevalence of target diseases.

According to the report of European Union of Medical Specialist the number of cardiologist hold specialization in electrophysiology counts extremely less. However, in Europe it has a more or less stable workforce, still with the lack of established electro physiologist and their mobility it creates lag of geographical dispersion of EP’s causing disparity between the demand and supply of EP’s.

However, increasing technological advancement in the field of electrophysiology along with rapid adoption rate is expected to impel the market. The growing development in procedure technologies which allows the procedure to become less invasive stimulates the industry as well as the revenues potential.

The COVID-19 pandemic has affected people and industries on a global scale, resulting high mortality rate of all time. Due the lockdown imposed by the government of the nations on restriction in movement caused significant decline in initial period. Rules related to non-emergency cases and high rate of infection kept the electrophysiology procedure to its very low.

Europe Electrophysiology Market Trends, Drivers, Restraints, and Opportunities

Increasing demand for catheter ablation process and ubiquity of target diseases is expected to drive the market in coming years.
Increase usage in detecting heart failure rate as the major application in electro physiology is estimated to propel the market during forecast period.
R&D and technological advancement in the field of electrophysiology to develop devices that enhances treatment and makes the procedure less invasive is anticipated to boost the market during projected period.
Growing geriatric population and increasing cases of cardio vascular diseases is estimated to spur the market during the forecast period.
Lack of skilled electro physiologist within the region act as one of the factor that hinders the growth of market in the coming years.
High cost, procedure, and maintenance cost are some of the challenges that can hamper the market progress during the projected period.
High infection risk involved and shifts focus majorly on the treatment of COVID-19 patients as the priority act as a factor that can impede the market growth.

Scope of Europe Electrophysiology Market

The report on the Europe electrophysiology market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Electrophysiology market – Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Product (Laboratory Devices, Access Catheters, Access Devices, Ablation Catheters, and Others), Diseases (Wolff-Parkinson-white Syndrome, Atrial Flutter, Atrial Fibrillation, Atrioventricular Nodal Reentry Tachycardia, and Other Target Diseases)
Geographical Scope	Italy, France, Germany, Spain, United Kingdom, Rest of Europe
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	GE Company (GE Healthcare); Boston Scientific Corporation; Biotronik SE & Co.KG; Abbott Laboratories; Medtronic PLC.

Europe Electrophysiology Market Segment Insights

The ablation catheters segment holds a major market share

Based on the products, the market is segregated into laboratory devices, access catheters, access devices, ablation catheters, and others. The ablation catheters segment holds a major share of the market during the forecast period due to its use in application such as removing anomalous heart tissues which is responsible for irregular heartbeat and involves minimal invasive procedure.

Europe Electrophysiology Market Products

The atrial fibrillation segment is expected to exhibit high CAGR

On the basis of diseases, the market is categorized into wolff-parkinson-white syndrome, atrial flutter, atrial fibrillation, atrioventricular nodal reentry tachycardia, and other target diseases. The atrial fibrillation segment is expected to exhibit high CAGR during the projected period owing to rapid adoption of ablation procedure has increased the treatment rate of atrial fibrillation and approximately 12 million people is to be diagnosed with atrial fibrillation during the forecast period.

Segments

Europe electrophysiology market has been segmented on the basis of

Products

Laboratory Devices
Access Catheters
Access Devices
Ablation Catheters
Others

Disease

Wolff-Parkinson-White Syndrome
Atrial Flutter
Atrial Fibrillation
Atrioventricular Nodal Reentry Tachycardia
Other Target Diseases

Geographies

Italy
France
Germany
Spain
United Kingdom
Rest of Europe

Key Players

GE Company (GE Healthcare)
Boston Scientific Corporation
Biotronik SE & Co.KG
Abbott Laboratories
Medtronic PLC.

Competitive Landscape

Key players competing in the Europe electrophysiology market include GE Company (GE Healthcare); Boston Scientific Corporation; Biotronik SE & Co.KG; Abbott Laboratories; Medtronic PLC.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance,

In January 2021, Farapulse received CE Mark for its FARAPULSE Pulsed Field Ablation (PFA) system for the treatment of Paroxysmal Atrial Fibrillation.
In December 2020, Actus Medical introduced a system they called AcQBlate Force Sensing Ablation System especially in Europe after they receive the CE Mark for their system, AcQBlate FORCE and Qubic Force Sensing Module aka Qubic Force.

Europe Electrophysiology Market Outlook

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrophysiology Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Electrophysiology Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Electrophysiology Market - Supply Chain
  4.5. Global Electrophysiology Market Forecast
     4.5.1. Electrophysiology Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Electrophysiology Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Electrophysiology Market Absolute $ Opportunity
5. Global Electrophysiology Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Electrophysiology Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Electrophysiology Demand Share Forecast, 2019-2026
6. North America Electrophysiology Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Electrophysiology Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Electrophysiology Demand Share Forecast, 2019-2026
7. Latin America Electrophysiology Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Electrophysiology Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Electrophysiology Demand Share Forecast, 2019-2026
8. Europe Electrophysiology Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Electrophysiology Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Electrophysiology Demand Share Forecast, 2019-2026
9. Asia Pacific Electrophysiology Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Electrophysiology Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Electrophysiology Demand Share Forecast, 2019-2026
10. Middle East & Africa Electrophysiology Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Electrophysiology Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Electrophysiology Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Electrophysiology Market: Market Share Analysis
  11.2. Electrophysiology Distributors and Customers
  11.3. Electrophysiology Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. GE Company (GE Healthcare)
     11.4.2. Boston Scientific Corporation
     11.4.3. Biotronik SE & Co.KG
     11.4.4. Abbott Laboratories
     11.4.5. Medtronic PLC.