North America Electrophysiology Market Forecast to 2028

Report Code : BMIRE00026286 | Region : North America | Industry : Medical Device | Published Date : 23/Sep/2022
North America 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]

The North America electrophysiology market is expected to grow from US$ 2955.68 million in 2022 to US$ 5361.98 million by 2028; it is estimated to grow at a CAGR of 10.4% from 2022 to 2028.

The geriatric population is prone to various ailments, such as abdominal discomfort and cardiovascular disease. The growing aging population base and the increasing prevalence of cardiac arrhythmia are a few of the major factors driving the electrophysiology market growth as electrophysiological devices are used to diagnose these disorders in the geriatric population. According to the World Health Organization (WHO), the geriatric population worldwide will grow from ~1 billion in 2019 to ~2.1 billion by 2050. Moreover, as per the US Census Bureau, in 2009, ~13% of the US population was aged 65 and over, and it is estimated that it will increase by 20% by 2030. Therefore, to cater to the growing patient population, market players are developing effective products that will benefit the electrophysiology market growth.

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 North America electrophysiology market at a substantial CAGR during the forecast period.

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

North America Electrophysiology Market Segmentation

The North America electrophysiology market is segmented into 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. However, the electrophysiology ablation catheters segment is expected to register the highest CAGR during the 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 register the highest CAGR during the forecast period. Based on country, the North America electrophysiology market is segmented into the US, Canada, and Mexico.

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 North America electrophysiology market.

The List of Companies - North America 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

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 North America Electrophysiology Market – By Product

1.3.2 North America Electrophysiology Market – By Indication

1.3.3 North America Electrophysiology Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Electrophysiology Market – Market Landscape

4.1 Overview

4.2 North America PEST Analysis

4.3 Experts Opinion

5. North America 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– North America Analysis

6.1 North America Electrophysiology Market Revenue Forecast and Analysis

7. North America Electrophysiology Market Analysis – By Product

7.1 Overview

7.2 North America 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. North America Electrophysiology Market Analysis – By Indication

8.1 Overview

8.2 North America 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. North America Electrophysiology Market – Country Analysis

9.1 Overview

9.1.2 North America: Electrophysiology Market, by Country, 2022 & 2028 (%)

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

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

9.1.2.1.2 US: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)

9.1.2.1.3 US: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)

9.1.2.2 Canada: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.2.1 Canada: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.2.2 Canada: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)

9.1.2.2.3 Canada: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)

9.1.2.3 Mexico: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.3.1 Mexico: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.3.2 Mexico: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)

9.1.2.3.3 Mexico: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)

10. North America 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

11.1.5 Financial Overview

11.1.6 SWOT Analysis

11.1.7 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.             North America Electrophysiology Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             US Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)

Table 3.             US Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)

Table 4.             Canada Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)

Table 5.             Canada Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)

Table 6.             Mexico Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)

Table 7.             Mexico Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)

Table 8.             Recent Organic Growth Strategies in The Electrophysiology Market

Table 9.             Recent Inorganic Growth Strategies in The Electrophysiology Market

Table 10.          Glossary of Terms

The List of Companies - North America 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

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America 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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