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Electrophysiology Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global electrophysiology devices market size reached US$ 5.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2027, exhibiting a growth rate (CAGR) of 9.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Electrophysiology (EP) devices refer to various medical equipment that are used for the diagnosis and treatment of cardiological ailments. These devices analyze the electrical impulses of the heart and evaluate abnormal heartbeats. Some of the commonly used EP devices include implantable cardioverter defibrillators (ICDs), pacemakers, automated external defibrillators (AEDs), cryoablation EP catheters, radiofrequency ablation catheters and microwave and laser ablation systems. These devices send and receive electrical signals to and from the heart to regulate the heartbeat in case of an emergency. They are minimally invasive and also aid in removing dysfunctional heart tissues that can cause irregular heart rhythms.

The increasing prevalence of arrhythmia and other cardiovascular diseases (CVDs) across the globe is one of the key factors driving the growth of the market. Furthermore, the rising geriatric population, which is more susceptible to such medical ailments, is also providing a boost to the market growth. The increasing awareness regarding the benefits of EP devices that have minimal risks and higher success rates as compared to the traditionally used devices has created a positive outlook for the market. Additionally, the advent of innovative technologies, such as cryo-, laser and ultrasound ablation and advanced mapping systems, are also contributing to the market growth. Product manufacturers are developing variants that are compact and portable and are also suitable for patients suffering from hypertension, diabetes and other medical ailments. Other factors, including the increasing requirement of EP devices for continuous monitoring, diagnosis and treatment of CVDs in both residential and hospital settings, along with significant improvements in the healthcare infrastructure, are expected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global electrophysiology devices market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, indication and end user.

Breakup by Product:

  • Treatment Devices
    • Implantable Cardioverter Defibrillators (ICDs)
    • Automated External Defibrillators (AEDs)
    • Pacemakers
    • CRT-P
    • CRT-D
    • Catheters
    • Others
  • Diagnostic Devices
    • Holter Monitoring Devices
    • Diagnostic Electrophysiology Catheters
    • Electrocardiograph (ECG)
    • EP Mapping & Imaging Systems
    • Insertable Cardiac Monitors (ICM)
    • Others
       

Breakup by Indication:

  • Atrial Fibrillation (AF)
  • Supraventricular Tachycardia
  • Atrioventricular Nodal Re-entry Tachycardia (AVNRT) 
  • Wolff-Parkinson-White Syndrome (WPW) 
  • Bradycardia
  • Other
     

Breakup by End User:

  • Hospitals
  • Diagnostic Centers
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Biosense Webster Inc. (Johnson & Johnson), Biotronik SE & Co. KG, Boston Scientific Corporation, Cardiofocus Inc., Koninklijke Philips N.V., Medtronic Inc., MicroPort Scientific Corporation, Molecular Devices LLC (Danaher Corporation), Nihon Kohden Corporation, Siemens Healthcare GmbH and Stereotaxis Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Indication, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Biosense Webster Inc. (Johnson & Johnson), Biotronik SE & Co. KG, Boston Scientific Corporation, Cardiofocus Inc., Koninklijke Philips N.V., Medtronic Inc., MicroPort Scientific Corporation, Molecular Devices LLC (Danaher Corporation), Nihon Kohden Corporation, Siemens Healthcare GmbH and Stereotaxis Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Electrophysiology Devices Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product
    6.1    Treatment Devices
        6.1.1 Market Trends
        6.1.2 Major Types
           6.1.2.1 Implantable Cardioverter Defibrillators (ICDs)
           6.1.2.2 Automated External Defibrillators (AEDs)
           6.1.2.3 Pacemakers
           6.1.2.4 CRT-P
           6.1.2.5 CRT-D
           6.1.2.6 Catheters
           6.1.2.7 Others
        6.1.3 Market Forecast
    6.2    Diagnostic Devices
        6.2.1 Market Trends
        6.2.2 Major Types
           6.2.2.1 Holter Monitoring Devices
           6.2.2.2 Diagnostic Electrophysiology Catheters
           6.2.2.3 Electrocardiograph (ECG)
           6.2.2.4 EP Mapping & Imaging Systems
           6.2.2.5 Insertable Cardiac Monitors (ICM)
           6.2.2.6 Others
        6.2.3 Market Forecast
7   Market Breakup by Indication
    7.1    Atrial Fibrillation (AF)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Supraventricular Tachycardia
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Atrioventricular Nodal Re-entry Tachycardia (AVNRT) 
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Wolff-Parkinson-White Syndrome (WPW) 
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Bradycardia
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Other
        7.6.1 Market Trends
        7.6.2 Market Forecast
8   Market Breakup by End User
    8.1    Hospitals
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Diagnostic Centers
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Biosense Webster Inc. (Johnson & Johnson)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    Biotronik SE & Co. KG
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
           14.3.2.3 SWOT Analysis
        14.3.3    Boston Scientific Corporation
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Cardiofocus Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
        14.3.5    Koninklijke Philips N.V.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Medtronic Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    MicroPort Scientific Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
        14.3.8    Molecular Devices LLC (Danaher Corporation)
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Nihon Kohden Corporation
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Siemens Healthcare GmbH
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
        14.3.11    Stereotaxis Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Electrophysiology Devices Market: Major Drivers and Challenges
Figure 2: Global: Electrophysiology Devices Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Electrophysiology Devices Market: Breakup by Product (in %), 2021
Figure 4: Global: Electrophysiology Devices Market: Breakup by Indication (in %), 2021
Figure 5: Global: Electrophysiology Devices Market: Breakup by End User (in %), 2021
Figure 6: Global: Electrophysiology Devices Market: Breakup by Region (in %), 2021
Figure 7: Global: Electrophysiology Devices Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Electrophysiology Devices (Treatment Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Electrophysiology Devices (Treatment Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Electrophysiology Devices (Diagnostic Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Electrophysiology Devices (Diagnostic Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Electrophysiology Devices (Atrial Fibrillation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Electrophysiology Devices (Atrial Fibrillation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Electrophysiology Devices (Supraventricular Tachycardia) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Electrophysiology Devices (Supraventricular Tachycardia) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Electrophysiology Devices (Atrioventricular Nodal Re-entry Tachycardia) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Electrophysiology Devices (Atrioventricular Nodal Re-entry Tachycardia) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Electrophysiology Devices (Wolff-Parkinson-White Syndrome) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Electrophysiology Devices (Wolff-Parkinson-White Syndrome) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Electrophysiology Devices (Bradycardia) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Electrophysiology Devices (Bradycardia) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Electrophysiology Devices (Other Indications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Electrophysiology Devices (Other Indications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Electrophysiology Devices (Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Electrophysiology Devices (Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Electrophysiology Devices (Diagnostic Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Electrophysiology Devices (Diagnostic Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Electrophysiology Devices (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Electrophysiology Devices (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia Pacific: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia Pacific: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Electrophysiology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Electrophysiology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Global: Electrophysiology Devices Industry: SWOT Analysis
Figure 79: Global: Electrophysiology Devices Industry: Value Chain Analysis
Figure 80: Global: Electrophysiology Devices Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Electrophysiology Devices Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Electrophysiology Devices Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Electrophysiology Devices Market Forecast: Breakup by Indication (in Million US$), 2022-2027
Table 4: Global: Electrophysiology Devices Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Electrophysiology Devices Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Electrophysiology Devices Market: Competitive Structure
Table 7: Global: Electrophysiology Devices Market: Key Players


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Key Questions Answered in This Report

The global electrophysiology devices market was valued at US$ 5.3 Billion in 2021.

We expect the global electrophysiology devices market to exhibit a CAGR of 9.8% during 2022-2027.

The rising geriatric population, along with the increasing awareness regarding numerous benefits of EP devices with minimal risks and higher success rates, represent some of the key factors driving the global electrophysiology devices market.

The sudden outbreak of the COVID-19 pandemic had led to the postponement of numerous elective treatment procedures for cardiological ailments to reduce the risk of coronavirus infection upon hospital visits, thereby limiting the demand for electrophysiology devices.

Based on the product, the global electrophysiology devices market can be segmented into treatment devices and diagnostic devices. Currently, diagnostic devices hold the majority of the global market share.

Based on the indication, the global electrophysiology devices market has been divided into Atrial Fibrillation (AF), Supraventricular Tachycardia, Atrioventricular Nodal Re-entry Tachycardia (AVNRT), Wolff-Parkinson-White syndrome (WPW), Bradycardia, and others, where Atrial Fibrillation (AF) currently exhibits a clear dominance in the market.

Based on the end user, the global electrophysiology devices market can be categorized into hospitals, diagnostic centers, and others. Among these, hospitals currently account for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global electrophysiology devices market include Biosense Webster Inc. (Johnson & Johnson), Biotronik SE & Co. KG, Boston Scientific Corporation, Cardiofocus Inc., Koninklijke Philips N.V., Medtronic Inc., MicroPort Scientific Corporation, Molecular Devices LLC (Danaher Corporation), Nihon Kohden Corporation, Siemens Healthcare GmbH, and Stereotaxis Inc.

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