Asia-Pacific Electrophysiology Market Forecast to 2028 – COVID

Asia-Pacific Electrophysiology Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Electrophysiology Ablation Catheters, Electrophysiology Laboratory Devices, Electrophysiology Diagnostic Catheters, Access Devices, and Others) and Indication [Atrial Fibrillation (AF), Atrial Flutter, Wolff-Parkinson White Syndrome (WPW), Atrioventricular Nodal Reentry Tachycardia (AVNRT), and Others]

Report Code : BMIRE00026175 | Region : Asia Pacific | Industry : Medical Device | Published Date : 22/Sep/2022

The APAC electrophysiology market is expected to grow from US$ 2,070.72 million in 2022 to US$ 3,802.83 million by 2028; it is estimated to grow at a CAGR of 10.7% from 2022 to 2028.

The introduction of technologically advanced electrophysiology devices is one of the significant elements influencing the electrophysiology market growth in the region. The use of various advanced mapping and guidance systems supporting improved cardiac rhythm monitoring is expected to increase the uptake of these devices during the forecast period. Technological innovations such as GE Healthcare's Innova IGS 520 and Optima IGS 320 are expected to provide lucrative growth opportunities to the market players. These products are dose-efficient interventional X-ray systems, enabling physicians to perform complex interventional procedures efficiently and accurately. Also, the market players offer technologically advanced solutions and new products and approvals to the healthcare industry. For instance, in January 2019, Abbott launched its sensor-enabled TachiCath Contact Force Ablation Catheter for the treatment of atrial fibrillation, which enables accurate imaging of the heart during an ablation procedure. Also, in September 2019, Johnson & Johnson (Biosense Webster) launched CARTONET, the world's first secure, cloud-based network for electrophysiologists to review, analyze, and share atrial fibrillation case data to improve procedural efficiencies. In January 2022, Abbott Laboratories, a pharmaceutical company, was granted clearance by the FDA for using the EnSite X electrophysiology system with omnipolar EnSite technology to treat patients with atrial fibrillation.

Hence, the rising prevalence of atrial fibrillation (AF), the introduction of technologically advanced solutions, and product launches and approvals are expected to boost the APAC electrophysiology market over the forecast period.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC electrophysiology market at a substantial CAGR during the forecast period.

APAC Electrophysiology Market Revenue and Forecast to 2028 (US$ Million)

APAC Electrophysiology Market Segmentation

The APAC electrophysiology market is segmented based on product, indication, and country. Based on product, the market is segmented into electrophysiology ablation catheters, electrophysiology laboratory devices, electrophysiology diagnostic catheters, access devices, and others. The electrophysiology laboratory devices segment dominated the market in 2022 and electrophysiology ablation catheters segment is expected to be fastest growing during forecast period. Based on indication, the market is segmented into atrial fibrillation (AF), atrial flutter, atrioventricular nodal reentry tachycardia (AVNRT), wolff-parkinson-white syndrome (WPW), and others. The atrial fibrillation (AF) segment dominated the market in 2022 and is expected to be fastest growing during forecast period. Based on country, the APAC electrophysiology market is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC.

Abbott; Biotronik, Inc.; Boston Scientific Corporation; CardioFocus; GE Healthcare; Johnson & Johnson Services, Inc.; Koninklijke Philips N.V.; Medtronic; MicroPort Scientific Corporation; and Siemens Healthineers AG are among the leading companies operating in the APAC electrophysiology market.

At 10.7% CAGR, the APAC Electrophysiology Market is speculated to be worth US$ 3802.83million by 2028, says The Insight Partners

According to The Insight Partners’ research, the APAC electrophysiology market was valued at US$ 2070.72 million in 2022 and is expected to reach US$ 3802.83 million by 2028, registering an annual growth rate of 10.7% from 2022 to 2028. Rising number of emerging markets and increasing advancements, product launches, and approvals are the critical factors attributed to the market expansion.

Emerging markets are expected to offer significant growth opportunities for electrophysiology market players mainly due to their growing patient population, increasing adoption of cardiogram systems, growing awareness of cardiovascular diseases, rising disposable incomes, improving healthcare infrastructure, and comparatively lenient policies compared to developed countries. Emerging markets have seen a sustained increase in the number of surgical procedures over the past decade, driven by the growing target population of patients, rising cardiovascular disease-related deaths, and increasing medical tourism. To capitalize on the high growth opportunities for electrophysiology devices in emerging markets, manufacturers are strategically focusing on expanding their presence in countries. Thus, increasing competition in well-established markets will force electrophysiology device manufacturers to focus on emerging markets in the coming years.

On the contrary, high cost of electrophysiology products and inadequate reimbursement process secret hurdles the growth of APAC electrophysiology market.

Based on product, the APAC electrophysiology market is segmented into electrophysiology ablation catheters, electrophysiology laboratory devices, electrophysiology diagnostic catheters, access devices, and others. The electrophysiology laboratory devices segment held 40.9% market share in 2022, amassing US$ 847.65 million. It is projected to garner US$ 1,586.03 million by 2028 to expand at 11.0% CAGR during 2022–2028.

Based on indication, the APAC electrophysiology market is segmented into atrial fibrillation (AF), atrial flutter, atrioventricular nodal reentry tachycardia (AVNRT), wolff-parkinson-white syndrome (WPW), and others. The atrial fibrillation (AF) held 37.7% market share in 2022, amassing US$ 781.36 million. It is projected to garner US$ 1,496.49 million by 2028 to expand at 11.4% CAGR during 2022–2028.

Based on country, the APAC electrophysiology market is segmented into China, India, Japan, Australia, South Korea, and Rest of APAC. Our regional analysis states that the China captured 27.0% market share in 2022. It was assessed at US$ 558.47 million in 2022 and is likely to hit US$ 1,051.10 million by 2028, exhibiting a CAGR of 11.1% during the forecast period.

Key players dominating the APAC electrophysiology market are Abbott; Biotronik, Inc.; Boston Scientific Corporation; CardioFocus; GE Healthcare; Johnson & Johnson Services, Inc.; Koninklijke Philips N.V.; Medtronic; MicroPort Scientific Corporation; and Siemens Healthineers AG among others.

In Mar 2022, Philips enables seamless echocardiography workflows with the launch of Ultrasound Workspace at ACC 2022, announced the launch of Ultrasound Workspace at the American College of Cardiology’s Annual Scientific Session & Expo (ACC 2022). Philips Ultrasound Workspace is an industry leading vendor-neutral echocardiography image analysis and reporting solution that can be accessed remotely via a browser. Clinicians can now leverage seamless diagnostic workflows from the ultrasound exam room to the reporting room and beyond, wherever echocardiography data needs to be reviewed and analyzed. In Mar 2022, BIOTRONIK announced the CE approval for HeartInsight, its remote heart failure (HF) management solution that accurately identifies patients at higher risk of HF decompensation early on. HeartInsight predicts two out of three HF hospitalizations, coupled with an industry-low false alert rate. Compared to other available solutions, HeartInsight provides the earliest notification, a median advance notice of 42 days before an impending HF hospitalization, which allows clinicians to proactively care for their patients. Contact Us

Contact Person: Sameer Joshi

Phone: +1- 646- 491- 9876

Email id: [email protected]

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Electrophysiology Market – By Product

1.3.2 APAC Electrophysiology Market – By Indication

1.3.3 APAC Electrophysiology Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Electrophysiology Market – Market Landscape

4.1 Overview

4.2 APAC PEST Analysis

4.3 Experts Opinion

5. Electrophysiology Market– Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Incidence of Target Diseases and Procedures

5.1.2 Growing Geriatric Population

5.2 Market Restraints

5.2.1 High Cost of Electrophysiology Products and Inadequate Reimbursement Process

5.3 Market Opportunities

5.3.1 Rising Number of Emerging Markets

5.4 Future Trends

5.4.1 Increasing Advancements, Product Launches, and Approvals

5.5 Impact Analysis

6. Electrophysiology Market– APAC Analysis

6.1 APAC Electrophysiology Market Revenue Forecast and Analysis

7. APAC Electrophysiology Market Analysis – By Product

7.1 Overview

7.2 APAC Electrophysiology Market, By Product, 2022 & 2028 (%)

7.3 Electrophysiology Ablation Catheters

7.3.1 Overview

7.3.2 Electrophysiology Ablation Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)

7.4 Electrophysiology Laboratory Devices

7.4.1 Overview

7.4.2 Electrophysiology Laboratory Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)

7.5 Electrophysiology Diagnostic Catheters

7.5.1 Overview

7.5.2 Electrophysiology Diagnostic Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)

7.6 Access Devices

7.6.1 Overview

7.6.2 Access Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)

8. APAC Electrophysiology Market Analysis – By Indication

8.1 Overview

8.2 APAC Electrophysiology Market Revenue Share, by Indication (2022 and 2028)

8.3 Atrial Fibrillation

8.3.1 Overview

8.3.2 Atrial Fibrillation: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Atrial Flutter

8.4.1 Overview

8.4.2 Atrial Flutter: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Wolff-Parkinson-White (WPW) Syndrome

8.5.1 Overview

8.5.2 Wolff-Parkinson-White (WPW) Syndrome: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Atrioventricular Nodal Re-entry Tachycardia (AVNRT)

8.6.1 Overview

8.6.2 Atrioventricular Nodal Re-entry Tachycardia (AVNRT): Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Others

8.7.1 Overview

8.7.2 Others: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

9. APAC Electrophysiology Market – Country Analysis

9.1 Overview

9.1.1 Asia Pacific: Electrophysiology Market, by Country, 2022 & 2028 (%)

9.1.1.1 China: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.1.1 China: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.1.2 China: Electrophysiology Market, By Product, 2019–2028 (USD Million)

9.1.1.1.3 China: Electrophysiology Market, by Indication, 2019–2028 (USD Million)

9.1.1.2 Japan: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.2.1 Japan: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.2.2 Japan: Electrophysiology Market, By Product, 2019–2028 (USD Million)

9.1.1.2.3 Japan: Electrophysiology Market, by Indication, 2019–2028 (USD Million)

9.1.1.3 India: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.3.1 India: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.3.2 India: Electrophysiology Market, By Product, 2019–2028 (USD Million)

9.1.1.3.3 India: Electrophysiology Market, by Indication, 2019–2028 (USD Million)

9.1.1.4 Australia: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.4.1 Australia: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.4.2 Australia: Electrophysiology Market, By Product, 2019–2028 (USD Million)

9.1.1.4.3 Australia: Electrophysiology Market, by Indication, 2019–2028 (USD Million)

9.1.1.5 South Korea: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.5.1 South Korea: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.5.2 South Korea: Electrophysiology Market, By Product, 2019–2028 (USD Million)

9.1.1.5.3 South Korea: Electrophysiology Market, by Indication, 2019–2028 (USD Million)

9.1.1.6 Rest of Asia Pacific: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.6.1 Rest of Asia Pacific: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

9.1.1.6.2 Rest of Asia Pacific: Electrophysiology Market, By Product, 2019–2028 (USD Million)

9.1.1.6.3 Rest of Asia Pacific: Electrophysiology Market, by Indication, 2019–2028 (USD Million)

10. APAC Electrophysiology Market–Industry Landscape

10.1 Overview

10.2 Organic Developments

10.2.1 Overview

10.2.2 Organic Growth Strategies in The Electrophysiology Market, 2022-2028

10.3 Inorganic Developments

10.3.1 Overview

10.3.2 Inorganic Growth Strategies in The Electrophysiology Market, 2022-2028

11. Company Profiles

11.1 Abbott

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Biotronik, Inc.

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Boston Scientific Corporation

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 CardioFocus.

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 GE Healthcare

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Koninklijke Philips N.V.

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Johnson & Johnson Services, Inc.

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Medtronic

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 MicroPort Scientific Corporation

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Siemens Healthineers AG

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1.             APAC Electrophysiology Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             China: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)

Table 3.             China: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)

Table 4.             Japan: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)

Table 5.             Japan: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)

Table 6.             India: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)

Table 7.             India: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)

Table 8.             Australia: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)

Table 9.             Australia: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)

Table 10.          South Korea: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)

Table 11.          South Korea: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)

Table 12.          Rest of Asia Pacific: Electrophysiology Market, By Product – Revenue and Forecast to 2028 (USD Million)

Table 13.          Rest of Asia Pacific: Electrophysiology Market, by Indication– Revenue and Forecast to 2028 (USD Million)

Table 14.          Recent Organic Growth Strategies in The Electrophysiology Market

Table 15.          Recent Inorganic Growth Strategies in The Electrophysiology Market

Table 16.          Glossary of Terms

LIST OF FIGURES.

Figure 1.           APAC Electrophysiology Market Segmentation

Figure 2.           APAC Electrophysiology Market, By Country

Figure 3.           APAC Electrophysiology Market Overview

Figure 4.           Electrophysiology Laboratory Devices Segment Held Largest Share of Product in Electrophysiology Market

Figure 5.           China is Expected to Show Remarkable Growth During the Forecast Period

Figure 6.           Asia Pacific: PEST Analysis

Figure 7.           Experts Opinion

Figure 8.           APAC Electrophysiology Market Impact Analysis of Driver and Restraints

Figure 9.           APAC Electrophysiology Market– Revenue Forecast and Analysis – 2019- 2028

Figure 10.        APAC Electrophysiology Market, by Product, 2022 & 2028 (%)

Figure 11.        APAC Electrophysiology Ablation Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)

Figure 12.        APAC Electrophysiology Laboratory Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)

Figure 13.        APAC Electrophysiology Diagnostic Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)

Figure 14.        APAC Access Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)

Figure 15.        APAC Others: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)

Figure 16.        APAC Electrophysiology Market Revenue Share, by Indication (2022 and 2028)

Figure 17.        APAC Atrial Fibrillation: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        APAC Atrial Flutter: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        APAC Wolff-Parkinson-White (WPW) Syndrome: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        APAC Atrioventricular Nodal Re-entry Tachycardia (AVNRT): Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        APAC Others: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Asia Pacific: Electrophysiology Market, by Key Country – Revenue (2022) (USD Million)

Figure 23.        Asia Pacific: Electrophysiology Market, by Country, 2022 & 2028 (%)

Figure 24.        China: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

Figure 25.        Japan: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

Figure 26.        India: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

Figure 27.        Australia: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

Figure 28.        South Korea: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

Figure 29.        Rest of Asia Pacific: Electrophysiology Market – Revenue and Forecast to 2028 (USD Million)

The List of Companies - Asia-Pacific Electrophysiology Market

● Abbott

● Biotronik, Inc.

● Boston Scientific Corporation

● CardioFocus

● GE Healthcare

● Johnson & Johnson Services, Inc.

● Koninklijke Philips N.V.

● Medtronic

● MicroPort Scientific Corporation

● Siemens

●  Healthineers AG

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC electrophysiology market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the APAC electrophysiology market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the electrophysiology market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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