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IMARC Group’s latest report, titled “Electrophysiology Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global electrophysiology devices market reached a value of US$ 5.3 Billion in 2021. Electrophysiology (EP) devices refer to different medical instruments that evaluate electrical impulses of the heart and calculate normal heartbeat. These devices also assist physicians in identifying arrhythmia and treating various cardiovascular diseases. Electrophysiology devices enhance the ability to target the heart areas that can lead to atrial fibrillation (AF), thereby removing dysfunctional heart tissues that can cause irregular heart rhythms.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Electrophysiology Devices Market Trends:
The global electrophysiology devices market is primarily driven by the growing prevalence of heart-related disorders and excessive smoking and alcohol consumption. Besides this, EP devices offer minimal risks and higher success rates than traditionally used devices that have escalated their demand worldwide. Apart from this, technological advancements have augmented the operating efficiency of surgical procedures. For instance, the introduction of new ablation methods, such as advanced atrial fibrillation (AF) treatments, are contributing to the market growth. Besides this, governments of various nations are improving the health reimbursement policies and increasing investments in the healthcare sector for treating cardiac arrhythmias. Moreover, several manufacturers are developing innovative variants, such as electrophysiology mapping devices, to reduce the risks associated with traditional X-Ray techniques while improving diagnostic output. On account of these factors, the market is expected to exhibit a CAGR of 9.8% during the forecast period (2022-2027).
Market Summary:
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