Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Electrophysiology (EP) Devices Market, The Global Electrophysiology (EP) Devices Market size was valued at around USD 12 Billion in 2024 and is projected to reach USD 24 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12% during the forecast period, i.e. 2025-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Electrophysiology (EP) Devices Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

  • Forecast Period: 2025-2030
  • Market Size in 2024: USD 12 Billion
  • CAGR (2025-2030): 12%

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Global Electrophysiology (EP) Devices Market Segmentation Breakdown:

The Electrophysiology (EP) Devices Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

  • By Device Type
    • Electrophysiology Ablation Catheters
      • Cryoablation Electrophysiology Catheters – Market Size & Forecast 2020-2030, USD Million
      • Radiofrequency Ablation Catheters – Market Size & Forecast 2020-2030, USD Million
        • Irrigated-Tip Radiofrequency Ablation Catheters – Market Size & Forecast 2020-2030, USD Million
        • Conventional Radiofrequency Ablation Catheters – Market Size & Forecast 2020-2030, USD Million
      • Laser Ablation Systems – Market Size & Forecast 2020-2030, USD Million
      • Microwave Ablation Systems – Market Size & Forecast 2020-2030, USD Million
      • Navigational Advanced Mapping Accessories – Market Size & Forecast 2020-2030, USD Million
    • Electrophysiology Diagnostic Catheters
      • Conventional Electrophysiology Diagnostic Catheters
        • Steerable Diagnostic Catheters – Market Size & Forecast 2020-2030, USD Million
        • Fixed Diagnostic Catheters – Market Size & Forecast 2020-2030, USD Million
      • Advanced Electrophysiology Diagnostic Catheters – Market Size & Forecast 2020-2030, USD Million
      • Ultrasound Electrophysiology Diagnostic Catheters – Market Size & Forecast 2020-2030, USD Million
    • Electrophysiology Laboratory Devices – Market Size & Forecast 2020-2030, USD Million
    • Access Devices – Market Size & Forecast 2020-2030, USD Million
    • Others – Market Size & Forecast 2020-2030, USD Million

In 2024, the electrophysiology ablation catheters hold more than 43% of the share in the Global Electrophysiology (EP) Devices Market.

  • By Modality
    • Implantable – Market Size & Forecast 2020-2030, USD Million
    • External – Market Size & Forecast 2020-2030, USD Million

The implantable segment accounts for over 50% share in the Global Electrophysiology (EP) Devices Market in 2024. This is primarily due to increasing cases of cardiovascular diseases across the globe, fueling the adoption of implantable electrophysiology devices.

  • By Indication
    • Atrial Fibrillation (AF) – Market Size & Forecast 2020-2030, USD Million
    • Atrial Flutter – Market Size & Forecast 2020-2030, USD Million
    • Atrial Tachycardia – Market Size & Forecast 2020-2030, USD Million
    • Wolff-Parkinson-White Syndrome (WPW) – Market Size & Forecast 2020-2030, USD Million
    • Atrioventricular Nodal Reentry Tachycardia (AVNRT) – Market Size & Forecast 2020-2030, USD Million
    • Others – Market Size & Forecast 2020-2030, USD Million
  • By End User
    • Hospitals – Market Size & Forecast 2020-2030, USD Million
    • Diagnostic Centers – Market Size & Forecast 2020-2030, USD Million
    • Clinics – Market Size & Forecast 2020-2030, USD Million
    • Ambulatory Surgical Centers – Market Size & Forecast 2020-2030, USD Million
    • Others – Market Size & Forecast 2020-2030, USD Million

Geographical Growth Insights:

  • By Region
    • North America
    • South America
    • Europe
    • The Middle East & Africa
    • Asia-Pacific

North America is the leading region of the Global Electrophysiology (EP) Devices Market and holds more than 45% of the shares in 2024.

MarkNtel Advisors Highlights Key Market Drivers for Electrophysiology (EP) Devices Market:

Rising Cases of Cardiovascular Diseases (CVD) – Globally, the majority of deaths are caused by chronic diseases. CVD is at the top of them, as these collectively account for more than 30% of all deaths worldwide. The WHO has said that the deaths attributed to CVD have moved up from approximately 12.1 million in 1990 to around 70% and have reached 20.5 million in 2021, reveals the World Heart Foundation. This is primarily because the population is on the rise worldwide. The reduced birth rate around the world, which means a growing older population, will push the incidence of CVD up further.

The rising number of cases of CVD will propel the growth of medication and rehabilitation that comes along with it. However, optimal usage of drugs, timely check-ups, and monitoring for CVD are of utmost importance for its effective treatment. Thus this shall boost demand for electrophysiology devices in the market.

A Comprehensive Analysis of Leading Companies in Global Electrophysiology (EP) Devices Market

  • Abbott Laboratories
  • Acutus Medical
  • Siemens
  • Nihon Kohden Corporation
  • Biosense Webster
  • Boston Scientific Corporation
  • GE Healthcare
  • Medtronic
  • Philips
  • Biotronik
  • MicroPort Scientific Corporation
  • AliveCor
  • Bittium Corporation
  • Stereotaxis
  • Japan Lifeline
  • Others

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Electrophysiology (EP) Devices Market Recent Development:

  • November 2024: Boston Scientific Corporationis in its M&A process with the Cortex, which possesses the diagnostic mapping technology to detect atrial fibrillation (AFib) outside the pulmonary veins.
  • September 2024: Abbotthas announced that it has partnered with iCardio.ai to develop an AI application for its Electrophysiology Imaging technology.

What are the growth Opportunity driving the Global Electrophysiology (EP) Devices Market?

Growing Cases of Arrhythmia – Arrhythmia refers to an abnormal heartbeat pattern resulting in either faster or slower than normal. Atrial Fibrillation (AF) commonly affects cases among all worldwide. The increase in awareness of AF and extensive tracking has resulted in an increase in the count of cases. As per a study conducted by the Global Burden of Disease Project conducted in 2016, the number of Atrial Fibrillation patients worldwide was around 46.3 million and is increasing steadily. Additionally, as per a study in American Heart Association Journals, AF cases in the U.S. are expected to reach 16 million by 2050 with 72 million in Asia for the same period. The reason attributed to the rise is the sedentary lifestyle resulting from unhealthy consumption coupled with the increasing elderly population. Thus cases of Arrhythmia are leading to the growth in the demand for electrophysiology devices worldwide.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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