Product ID: SQMIG35A2602
Report ID:
SQMIG35A2602 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
The global electrophysiology market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is expected to dominate the global electrophysiology market. The region's market dominance can be attributed to the rising prevalence of heart failure (HF), cardiac arrest, and cardiac arrhythmia as a result of unhealthy lifestyles and increased smoking and alcohol consumption. One of the major factors expected to drive market growth is the presence of adequate reimbursement policies in the region. The European market for electrophysiology devices is expected to grow significantly. The increasing prevalence of cardiovascular diseases in Europe is expected to increase demand for electrophysiology devices in the region. According to a study published in the NCBI, the prevalence of atrial fibrillation in Germany is estimated to be around 2.3% of the total population.
Due to the rapidly increasing incidence of cardiovascular diseases, Asia Pacific is expected to grow at a significant CAGR during the forecast period. The region's rapidly developing healthcare infrastructure and rising healthcare expenditure levels are expected to boost investment by key market players. This is also expected to result in the introduction of new electrophysiology devices in Asia Pacific. The emergence of domestic players will result in intense price competition, driving demand for low-cost devices in the region.
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REQUEST FREE CUSTOMIZATIONGlobal Electrophysiology Market size was valued at USD 4.48 billion in 2019 and is poised to grow from USD 5 billion in 2023 to USD 13.2 billion by 2031, growing at a CAGR of 11.47% in the forecast period (2024-2031).
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Product ID: SQMIG35A2602