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The latest Electrophysiology Market study, blends in qualitative and quantitative research techniques to present vital data on the competitive landscape for the period of 2021 – 2030 .The report is furnished with the latest updates about the current market scenario with regards to the COVID-19 pandemic. The report considers COVID-19 as a key contributor to the dynamically altered market scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
The global electrophysiology market size is expected to reach USD 18.01 Billion at a steady revenue CAGR of 9.4% in 2032, according to the latest analysis by Emergen Research. Increased use of improved intracardiac ablation systems can be attributed to the steady revenue growth of the electrophysiology market. In order to block abnormal electrical signals and re-establish a regular heartbeat, cardiac ablation uses heat or cold energy to form microscopic scars inside the heart. The treatment is performed to fix issues with cardiac rhythm (arrhythmias). Small catheter flexible tubes that are placed through veins or arteries are most frequently used during cardiac ablation procedures. Ablation is occasionally carried out during cardiac surgery. A treatment called cardiac ablation is used to fix heart rhythm issues. The electrical impulses that cause the heart to beat (contract) must go along a particular path when they do so. An irregular heartbeat can result from any disturbance in the signaling pathway (arrhythmia). Cardiac ablation can be one of the initial therapies, depending on the type of heart rhythm issue. When other medications or treatments fail, they can also be used.
Major Leading Players Abbott, Medtronic, Koninklijke Philips N.V., GE HealthCare, Siemens Healthcare GmbH, Stereotaxis, Inc., Merit Medical Systems, Boston Scientific Corporation, AtriCure, Inc., APN Health, LLC.
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Some Key Highlights From the Report
- On 9 January 2023, Resonetics revealed that it had reached an agreement with SAES Getters S.p.A. in Milan, Italy, to buy Memry Corporation and SAES Smart Materials, Inc. The operations of the two purchased companies are located in Bethel, Connecticut, New Hartford, New York, and Menlo Park, California, all in the United States. Funds administered by renowned private equity firm GTCR and global investment firm Carlyle support Resonetics. The deal has USD 900 million worth. Nitinol, a novel superelastic, shape-memory alloy, is enabling many technological advances in a growing array of therapeutic areas, including structural heart, peripheral vascular, electrophysiology, neurovascular, and orthopedics. SAES Medical Nitinol is a leading supplier to the medical device industry with a broad set of capabilities focused 100% on nitinol.
- The electrophysiology laboratory devices segment is expected to lead in terms of revenue share in the global market over the forecast period. An Electrophysiology (EP) lab is the location where Electrophysiological Studies (EPS) are conducted. These rooms house state-of-the-art equipment for monitoring and mapping the electrical systems of the heart, as well as for detecting and treating problems with cardiac rhythm (arrhythmias). Cardiac mapping, cardiac ablation, and device insertion/implantation are the three basic operations carried out in an electrophysiology laboratory. Electrophysiologists can map the real-time passage of electrical impulses through the heart muscle to determine the potential source of an irregular heart rhythm. A pacemaker or implanted cardioverter defibrillator can be put in to correct heart rhythm problems.
Global Electrophysiology Market Segmentation by Type:
Emergen Research has segmented the global electrophysiology market on the basis of product, indication, end-use, and region:
· Product Outlook (Revenue, USD Million; 2022–2032)
- Electrophysiology Laboratory Devices
- Electrophysiology Ablation Catheters
- EP Diagnostic Catheters
- Access Devices
- Others
· Indication Outlook (Revenue, USD Million; 2022–2032)
- Atrial Fibrillation
- Atrial Flutter
- Atrioventricular Nodal Reentry Tachycardia (AVNRT)
- Wolff-Parkinson-White Syndrome (WPW)
- Others
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Regional Overview:
The global Electrophysiology Market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Electrophysiology Market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Elucidating the competitive landscape of the Global Electrophysiology Market :
The global Electrophysiology Market report offers viable insights into the competitive spectrum of the Electrophysiology Market business sphere.
The report systematically profiles the company information of each market player.
It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
The study showcases the extensive product portfolios of the prominent market contenders.
It offers critical data & information about the product application scope and the end-user landscape.
The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures.
The Global Electrophysiology Market is formulated through extensive primary and secondary research, which is further validated and verified by industry experts and professionals. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. Moreover, the report also offers a feasibility study and investment return analysis to assist the readers in making strategic investment plans.
About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a ‘Circular Economy,’ fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.
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