2013-11-20

Albany,NY (Nov 20 , 2013) (CULRAV.ORG) -

According to a new market report published by Transparency Market Research “Electrophysiology Devices Market (ECG, EEG, Holter Monitoring Systems, Diagnostic Electrophysiology Catheters, Pacemaker, Imaging and 3D Mapping Systems) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,“ the global electrophysiology devices market was valued at USD 2,500.0 million in 2012 and is estimated to reach a market worth USD 5,496.6 million in 2019 at a CAGR of 12.1% from 2013 to 2019.

Browse the full report with Complete TOC at http://www.transparencymarketresearch.com/electrophysiology-ep-devices-market.html

Electrophysiology is the study of electrical properties of biological cells. Electrophysiology devices are used for diagnosing and treating abnormal electrical activities in the heart, brain and eyes. The market for electrophysiology devices is expected to grow impressively with the rise in prevalence of cardiac diseases, increasing healthcare expenditure and technological advancements. With the rising adoption of ablation techniques especially for the treatment of atrial fibrillation, the electrophysiology market is expected to grow rapidly. On the other hand, strict regulatory approvals, high costs associated with devices coupled with availability of alternate medications are some of the challenges faced by the electrophysiology devices market.

The market for electrophysiology devices primarily comprises electrophysiology monitoring devices and treatment devices. Monitoring devices used in electrophysiology include electrocardiograph, electroencephalograph, electromyography, electroretinograph, diagnostic catheters and others. These devices enable physicians to understand the nature and origin of abnormal electrical impulses generating in the single ion channel cells to organs like the heart, brain and eyes. The outcomes help physicians in proper decision-making regarding treatment options, whether a patient needs medication or should opt for cardiac arrhythmic device implantation or catheter assisted ablation. Catheter ablation is a relatively new technique compared to implantation of cardiac arrhythmias devices. Due to its minimal invasive nature and efficacy, catheter ablation is the most commonly used treatment option for atrial fibrillation and other cardiac arrhythmias.

North America constitutes the largest market for electrophysiology devices. Factors such as presence of large number of well-equipped healthcare facilities, rising prevalence of diseases (cardiac arrhythmias, ophthalmic disorders and epilepsy) that require electrophysiology monitoring, and established healthcare policies providing access to better healthcare facilities are driving the market in the region. The fact that majority of the key players in the electrophysiology market including Medtronic Inc., St. Jude Medical and Boston Scientific are based in the U.S. and consider this as their primary revenue generating market, also acts as a driver. In addition, economic liberalization in emerging nations such as India, China, Brazil, Mexico, South Africa and Russia is attracting manufacturers to shift their focus to these regions. The above mentioned shift in focus will help Asia-Pacific and Rest of the World (RoW) to increase their market share during the forecast period. Asia-Pacific has been anticipated to emerge as the fastest growing geography during the forecast period from 2013 to 2019.

Some of the key market players of the global electrophysiology devices market include St. Jude Medical, Boston Scientific, Medtronic, Inc., Philips Healthcare and others. To gain a proficient market share, manufacturers are coming up with innovative products. The global electrophysiology devices market includes companies such as Abbott Laboratories, Boston Scientific, Medtronic, Inc., GE Healthcare, Philips Healthcare, St. Jude Medical among others.

 

The global electrophysiology devices market is segmented as follows:

Electrophysiology Devices Market, by Segments

Electrophysiology Monitoring Devices Market, by Segments

Electrophysiology Devices Market, by Geography

North America

Europe

Asia-Pacific

Rest of the World (RoW)

 

Related Report :

Medical Imaging Equipment Market (X-ray, Ultrasound, Computed Tomography (CT), Magnetic Resonance Imaging (MRI) and Nuclear Imaging Equipment) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

http://www.transparencymarketresearch.com/medical-imaging-equipment-market.html

The report studies the global medical imaging equipment market based on the various types of equipments (product categories) as well as the different technologies used in each product segment. The five major categories of imaging equipments studied in this report include X-ray, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI) and nuclear imaging equipments. The market has also been segmented into four major geographies of the world, namely, North America, Europe, Asia-Pacific and Rest of the World. The market sizes and forecasts for each segment of the market have been calculated for the period 2011-2019 considering 2012 as the base year and have been expressed in the report in terms of USD million. The CAGR % for the forecast period 2013 to 2019 has also been provided for each market segment and sub-segment.

A detailed qualitative analysis of the market dynamics, based on factors like drivers, restraints and opportunities has been presented in the market overview section of the report. This section also includes the Porter’s five force analysis and market attractiveness analysis by geography for the global medical imaging equipment market. Market share analysis by key players operating in this market has been included in terms of percent share in the year 2012, in the competitive landscape section of the report.

 

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Browse the full report with Complete TOC at http://www.transparencymarketresearch.com/electrophysiology-ep-devices-market.html

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