Report : Middle East and Africa Electrophysiology Catheter Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Electrophysiology Diagnostic Catheters and Electrophysiology Ablation Catheters), Application (Diagnosis and Monitoring, Imaging and Mapping, and Treatment of Cardiac Arrhythmias), and End User (Hospitals, Ambulatory Surgical Centers, and Cardiac Catheterization Labs)
Electrophysiology Diagnostic Catheters Segment to Dominate Middle East & Africa Electrophysiology Catheter Market during 2019–2028
According to a new market research study on “Middle East & Africa Electrophysiology Catheter Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Application, and End User,” is expected to reach US$ 287.21 million by 2028 from US$ 175.98 million in 2021. The market is estimated to grow at a CAGR of 7.2% from 2021 to 2028. Technological advancement is the major factor driving the growth of the Middle East & Africa electrophysiology catheter market. However, huge cost of electrophysiology catheters may hinder the growth of Middle East & Africa electrophysiology catheter market. The report provides trends prevailing in the Middle East & Africa electrophysiology catheter market along with the drivers and restraints pertaining to the market growth.
Economic uncertainties and ongoing conflicts are worsening conditions in the Middle East and Africa. In the Middle East, countries such as Syria, Libya, and Yemen are suffering violent conflicts; as a result, they cannot fully implement any public health measures. Iran was in a deep economic recession due to the US sanctions. Additionally, the financial condition is also degrading the economic activities in the region. The Organization for Economic Co-operation and Development report states that more than 2.2 million COVID-19 cases have been registered in the Middle East and North America (MENA). Among the Arab economies, Iraq has reported the most confirmed cases, followed by Saudi Arabia and Morocco, respectively. The situation is not the same in richer Gulf countries and developing economies in the Levant or North Africa. The pandemic has also tested the public sector, compelling governments to make quick decisions, manage crises, and implement drastic measures for protecting communities. They quickly implemented measures related to strengthening institutional coordination by creating inter-ministerial structures following the confirmation of the initial cases of COVID-19 in the region. Additionally, other measures involve the creation of technical and scientific committees for monitoring and evaluating the progress of the situation. Apart from that, in the MEA countries, 71.9% of the SARS-CoV-2 patients developed tachycardia cases, independent of hypotension and fever, and 14.9% were found to have bradycardia as a transient event. Governments of the Middle Eastern countries are creating awareness regarding the COVID-19 virus by encouraging public communications through campaigns on TV, radio, and social media. For EP procedures, many governments adopted measures focusing on the continuity of public services in countries where confinement rules were imposed. Teleworking arrangements and online tools have gained significant attention.
The Middle East & Africa electrophysiology catheter market is segmented into product type, application, end user, and country. The Middle East & Africa electrophysiology catheter market, based on product type, has been classified electrophysiology diagnostic catheters and electrophysiology ablation catheters. In 2021, the electrophysiology diagnostic catheters segment held the largest share Middle East & Africa electrophysiology catheter market. The electrophysiology diagnostic catheters are sub-segmented as conventional electrophysiology diagnostic catheters, advanced electrophysiology diagnostic catheters, and ultrasound electrophysiology diagnostic catheters. In 2021, the conventional electrophysiology diagnostic catheters segment held the largest share Middle East & Africa electrophysiology catheter market. Further, electrophysiology ablation catheters are sub-segmented as cryoablation electrophysiology catheter, radiofrequency ablation catheters, microwave ablation systems, and laser ablation systems. In 2021, the cryoablation electrophysiology catheter segment held the largest share Middle East & Africa electrophysiology catheter market. The Middle East & Africa electrophysiology catheter market, based on application is segmented into diagnosis and monitoring, imaging and mapping, and treatment of cardiac arrhythmias. In 2021, the diagnosis and monitoring segment held the largest share Middle East & Africa electrophysiology catheter market. The Middle East & Africa electrophysiology catheter market, based on end user is segmented into hospitals, ambulatory surgical centers, and cardiac catheterization labs. In 2021, the hospitals segment held the largest share Middle East & Africa electrophysiology catheter market. Based on country the Middle East & Africa electrophysiology catheter market is segmented into the South Africa, Saudi Arabia, UAE, and rest of Middle East & Africa. In 2021, South Africa held the largest share Middle East & Africa electrophysiology catheter market.
Abbott; APT Medical Inc.; Biosense Webster (Johnson and Johnson Services, Inc.); Boston Scientific Corporation; Medtronic; Stryker Corporation; and Transonic Systems Inc. are among the leading companies in the Middle East & Africa Electrophysiology Catheter Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Medtronic collaborated with Philips to advance the image-guided treatment of paroxysmal atrial fibrillation (PAF), a common heart rhythm disorder. Through the agreement, Medtronic facilitated products sales on behalf of Philips to provide an innovative, integrated image guidance solution to enable electrophysiologists to better perform cryoablation procedures
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