Electrophysiology Market

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) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3795
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 173
  • Format:
  • Pub. Date: Upcoming
  • Share:

The Europe electrophysiology market size is expected to expand at a robust CAGR during the forecast period, 2021-2028. The growth of market is attributed to growing demand for catheter ablation procedure, new advanced technology in electrophysiology industry, and prevalence of target diseases.

Electrophysiology Market key takeaways

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.

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 the 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

2020

Historic Data

2018–2019

Forecast Period

2021–2028

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.

 

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.  

Electrophysiology Market by proucts

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.

Electrophysiology Market by disease

Segments

Segments Covered in the Report
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.

Electrophysiology Market by key players

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 (000’ 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.

Segments Covered in the Report
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.

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.

Electrophysiology Market by key players

Buy Report