Electrophysiology Market Analysis

Electrophysiology Market Analysis

Electrophysiology market from EP ablation catheters segment held around 48% revenue share in the year 2022. Among EP ablation catheters, cryoablation is majorly growing segment owing to its superior therapeutic advantages. Ablation catheters deliver minimally invasive way to efficiently treat wide range of arrhythmias with lesser pain and blood loss. Moreover, shorter procedure time coupled with rapid advances will increase procedure’s success rate that will spur the adoption and demand for ablation catheters in future.
 

Electrophysiology market from atrial fibrillation segment is projected to reach over USD 7.8 billion by 2032. Growing adoption of ablation procedures for the treatment of atrial fibrillation will boost the market trends. Development of advanced catheters and other devices by market players is assisting electrophysiologists in effectively treating patients with AF. For instance, Johnson & Johnson received approval for its THERMOCOOL SMARTTOUCH SF ablation catheter.
 

Electrophysiology market from hospitals segment is predicted to proceed at 11.9% CAGR during projection period. Increased spending capacity of hospitals on innovative EP products along with presence of skilled expertise will primarily foster the industry dynamic. In addition, increasing number of patient visits to the hospitals well-equipped with electrophysiology departments will impel the segment forecast.
 

North America electrophysiology market accounted for more than USD 2 billion in 2022 and is estimated to witness significant growth during the forecast period. This is due to increasing prevalence of arrhythmias that is stimulating the demand for electrophysiology in the region. Adding to this, increasing number of ablation centers and procedures coupled with growing use of electrophysiology devices rate will positively impact the North America market outlook.