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Electrophysiology Market Size

Report ID: GMI2968
Published Date: Mar 2023
Report Format: PDF

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Electrophysiology Market Size

Electrophysiology Market size was valued at more than USD 5.6 billion in 2022 and will progress tremendously to reach over USD 17.1 billion by 2032 at 12% CAGR. Growing prevalence rate of cardiac arrhythmia and heart failure among population will augment the market growth opportunities

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Increasing incidence of cardiovascular diseases are owing to smoking, alcohol consumption, unhealthy lifestyle, hyperthyroidism, obesity, and stress among population. These factors will contribute towards elevating overall market growth expansion. Moreover, higher adoption of catheter ablation procedures in diagnosis and treatment of cardiac arrhythmia for enhanced accuracy will propel market demand.

Electrophysiology is analysis and treatment of electrical impulses of biological tissue or cells. It involves measurement of voltage current on an extensive variation of scales from single ion channel proteins to whole organs including heart. Growing number of cases of cardiac arrhythmia globally owing to adoption of unhealthy lifestyle will augment the market revenue.

Electrophysiology Market Report Attributes
Report Attribute	Details
Base Year:	2022
Electrophysiology Market Size in 2022:	5.5 Billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	12%
2032 Value Projection:	17 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	277
Tables, Charts & Figures:	572
Segments covered:	Product, Indication, End-use, and Region
Growth Drivers:	Rising prevalence of atrial fibrillation Technological advancements in electrophysiology devices Growing preference for electrophysiology catheter ablation
Pitfalls & Challenges:	High investment towards development of electrophysiology devices Dearth of skilled professionals in emerging nations

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Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for electrophysiology was worth more than USD 5.5 billion in 2022 and is expected to witness a 12% CAGR from 2023-2032.

Ventricular tachycardia is anticipated to exhibit over 13% CAGR between 2023-2032 due to the increasing use of EP to detect heart rhythm anomalies.

Europe electrophysiology market is poised to reach over USD 5 billion by the end of 2032 owing to the rising prevalence of coronary heart diseases in the UK.

GE Healthcare, Medtronic, Japan Lifeline, Koninklijke Philips, Magnetecs Corporation, Siemens AG, and Stereotaxis are some of the leading manufacturers of electrophysiology devices.