The electrophysiology catheter market in South and Central America is expected to grow from US$ 294.82 million in 2021 to US$ 500.21 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028.
Electrophysiology catheters are mainly associated with cardiac ablation procedures. These procedures have been proposed to improve outcomes among patients suffering from heart failure/cardiac arrhythmia or receiving appropriate treatment, as they are associated with a significantly lower hospitalization and death rate and proven to be the right medical therapy for atrial fibrillation. The increasing number of cardiac catheterization facilities is aiding the South and Central America electrophysiology catheters market. Such availability of cardiac services promotes the use of catheterization procedures irrespective of clinical indications. This has resulted in significant role in patient management, which is further anticipated to drive the market in South and Central America.
The outbreak of COVID-19 has stringently affected medical services and medical tourism in South and Central America. Brazil, Argentina, Uruguay, Chile, Peru, and Colombia are affected by the second wave of COVID-19. According to Worldometer data, as of July 2021, Brazil and Argentina have reported 19,749,073 and 4,875,927 cases, respectively. The emergence of subsequent waves and new variants is compelling countries to keep on imposing subsequent social distancing measures in the respective countries, which continues to affect the economies and sectors contributing to their growth. Many healthcare market players and end users lost their businesses due to the temporary shutdown of enterprises in various regions. Pediatric imaging and other associated treatments were also discontinued during the lockdown. In June, the WHO declared that the outbreak's focus had shifted to Latin American countries with inadequate control of noncommunicable disease indicators (NCDs). Patients with NCDs such as cardiovascular disease, diabetes, and cancer had fewer visits and hospitalizations due to concerns about COVID-19.
South and Central America Electrophysiology Catheter Market Revenue and Forecast to 2028 (US$ Million)
South and Central America Electrophysiology Catheter Market Segmentation
South and Central America Electrophysiology Catheter Market – By Product Type
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Electrophysiology Ablation Catheters
- Cryoablation Electrophysiology Catheter
- Radiofrequency Ablation Catheters
- Microwave Ablation Systems
- Laser Ablation Systems
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Electrophysiology Diagnostic Catheters
- Conventional Electrophysiology Diagnostic Catheters
- Advanced Electrophysiology Diagnostic Catheters
- Ultrasound Electrophysiology Diagnostic Catheters
South and Central America Electrophysiology Catheter Market – By Application
- Diagnosis and Monitoring
- Treatment of Cardiac Arrhythmias
- Imaging and Mapping
South and Central America Electrophysiology Catheter Market – By End User
- Hospitals
- Ambulatory Surgical Centers
- Cardiac Catheterization Labs
South and Central America Electrophysiology Catheter Market– By Country
- Brazil
- Argentina
- Rest of South and Central America
South and Central America Electrophysiology Catheter Market-Companies Mentioned
- Abbott
- APT Medical Inc.
- Biosense Webster (Johnson and Johnson Services, Inc.)
- Biotronik, Inc.
- Boston Scientific Corporation
- Medtronic
- MicroPort Scientific Corporation
- Stryker Corporation
- Transonic Systems Inc.
South and Central America Electrophysiology Catheter Market Strategic Insights
South and Central America Electrophysiology CatheterMarket Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 294.82 Million |
| Market Size by 2028 | US$ 500.21 Million |
| CAGR (2021 - 2028) | 7.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
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|
Regions and Countries Covered
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| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
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South and Central America Electrophysiology Catheter Market Country and Regional Insights
