Electrophysiology (EP) is the study of the mechanism, function and performance of electrical signaling pathways that guide the functioning of the heart. EP study is a procedure that is performed to diagnose arrhythmias by locating areas of heart tissue that interrupt the normal functioning of the heart's electrical system. During an EP study, the electrophysiologist inserts several long, flexible tubes with wires, called catheters, into the heart to record electrical activity within the heart chambers and to detect abnormal electrical pathways. The second part of the test involves electrical stimulation of various parts of the heart to induce an abnormal heart rhythm. This helps the electro physiologist in treatment mapping, which could involve surgical removal of the abnormal tissue in the heart using a catheter.
Market competition is intense. Biosense Wester (J & J), Abbott, Medtronic and Boston Scientific are the leaders of the industry. They hold the key technologies and patents, with high-end customers. They have formed global market channel of the industry. However, with the future expanding market, there will be more manufacturers in the future.
The global Electrophysiology (EP) Device market is valued at 4710 million US$ in 2018 and will reach 7550 million US$ by the end of 2025, growing at a CAGR of 7.0% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Electrophysiology (EP) Device market based on company, product type, end user and key regions.
This report studies the global market size of Electrophysiology (EP) Device in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Electrophysiology (EP) Device in these regions.
This research report categorizes the global Electrophysiology (EP) Device market by top players/brands, region, type and end user. This report also studies the global Electrophysiology (EP) Device market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Biosense Wester (J & J)
MicroPort EP MedTech
Market size by Product
EP Ablation Catheters
EP Diagnostic Catheters
EP Mapping/Recording System
Market size by End User
Atrial Fibrillation (AF)
Ventricular Tachycardia (VT)
Market size by Region
Central & South America
Rest of Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Electrophysiology (EP) Device market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Electrophysiology (EP) Device market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Electrophysiology (EP) Device companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Electrophysiology (EP) Device submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Electrophysiology (EP) Device are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Electrophysiology (EP) Device market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.