North America Electrophysiology Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Electrophysiology Ablation Catheters, Electrophysiology Laboratory Devices, Electrophysiology Diagnostic Catheters, Access Devices, and Others) and Indication [Atrial Fibrillation (AF), Atrial Flutter, Wolff-Parkinson White Syndrome (WPW), Atrioventricular Nodal Reentry Tachycardia (AVNRT), and Others]
The North America electrophysiology market is expected to grow from US$ 2955.68 million in 2022 to US$ 5361.98 million by 2028; it is estimated to grow at a CAGR of 10.4% from 2022 to 2028.
The geriatric population is prone to various ailments, such as abdominal discomfort and cardiovascular disease. The growing aging population base and the increasing prevalence of cardiac arrhythmia are a few of the major factors driving the electrophysiology market growth as electrophysiological devices are used to diagnose these disorders in the geriatric population. According to the World Health Organization (WHO), the geriatric population worldwide will grow from ~1 billion in 2019 to ~2.1 billion by 2050. Moreover, as per the US Census Bureau, in 2009, ~13% of the US population was aged 65 and over, and it is estimated that it will increase by 20% by 2030. Therefore, to cater to the growing patient population, market players are developing effective products that will benefit the electrophysiology market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America electrophysiology market at a substantial CAGR during the forecast period.
North America Electrophysiology Market Revenue and Forecast to 2028 (US$ Million)
North America Electrophysiology Market Segmentation
The North America electrophysiology market is segmented into product, indication, and country. Based on product, the market is segmented into electrophysiology ablation catheters, electrophysiology laboratory devices, electrophysiology diagnostic catheters, access devices, and others. The electrophysiology laboratory devices segment dominated the market in 2022. However, the electrophysiology ablation catheters segment is expected to register the highest CAGR during the forecast period. Based on indication, the market is segmented into atrial fibrillation (AF), atrial flutter, atrioventricular nodal reentry tachycardia (AVNRT), wolff-parkinson-white syndrome (WPW), and others. The atrial fibrillation (AF) segment dominated the market in 2022 and is expected to register the highest CAGR during the forecast period. Based on country, the North America electrophysiology market is segmented into the US, Canada, and Mexico.
Abbott; Biotronik, Inc.; Boston Scientific Corporation; CardioFocus; GE Healthcare; Johnson & Johnson Services, Inc.; Koninklijke Philips N.V.; Medtronic; MicroPort Scientific Corporation; and Siemens Healthineers AG are among the leading companies operating in the North America electrophysiology market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Electrophysiology Market – By Product
1.3.2 North America Electrophysiology Market – By Indication
1.3.3 North America Electrophysiology Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Electrophysiology Market – Market Landscape
4.1 Overview
4.2 North America PEST Analysis
4.3 Experts Opinion
5. North America Electrophysiology Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Incidence of Target Diseases and Procedures
5.1.2 Growing Geriatric Population
5.2 Market Restraints
5.2.1 High Cost of Electrophysiology Products and Inadequate Reimbursement Process
5.3 Market Opportunities
5.3.1 Rising Number of Emerging Markets
5.4 Future Trends
5.4.1 Increasing Advancements, Product Launches, and Approvals
5.5 Impact Analysis
6. Electrophysiology Market– North America Analysis
6.1 North America Electrophysiology Market Revenue Forecast and Analysis
7. North America Electrophysiology Market Analysis – By Product
7.1 Overview
7.2 North America Electrophysiology Market, By Product, 2022 & 2028 (%)
7.3 Electrophysiology Ablation Catheters
7.3.1 Overview
7.3.2 Electrophysiology Ablation Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Electrophysiology Laboratory Devices
7.4.1 Overview
7.4.2 Electrophysiology Laboratory Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Electrophysiology Diagnostic Catheters
7.5.1 Overview
7.5.2 Electrophysiology Diagnostic Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.6 Access Devices
7.6.1 Overview
7.6.2 Access Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
8. North America Electrophysiology Market Analysis – By Indication
8.1 Overview
8.2 North America Electrophysiology Market Revenue Share, by Indication (2022 and 2028)
8.3 Atrial Fibrillation
8.3.1 Overview
8.3.2 Atrial Fibrillation: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Atrial Flutter
8.4.1 Overview
8.4.2 Atrial Flutter: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Wolff-Parkinson-White (WPW) Syndrome
8.5.1 Overview
8.5.2 Wolff-Parkinson-White (WPW) Syndrome: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Atrioventricular Nodal Re-entry Tachycardia (AVNRT)
8.6.1 Overview
8.6.2 Atrioventricular Nodal Re-entry Tachycardia (AVNRT): Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Electrophysiology Market – Country Analysis
9.1 Overview
9.1.2 North America: Electrophysiology Market, by Country, 2022 & 2028 (%)
9.1.2.1 US: Electrophysiology Market– Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 US: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.2 US: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.1.2.1.3 US: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.1.2.2 Canada: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 Canada: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.2 Canada: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.1.2.2.3 Canada: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
9.1.2.3 Mexico: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Mexico: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.2 Mexico: Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
9.1.2.3.3 Mexico: Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
10. North America Electrophysiology Market–Industry Landscape
10.1 Overview
10.2 Organic Developments
10.2.1 Overview
10.2.2 Organic Growth Strategies in The Electrophysiology Market, 2022-2028
10.3 Inorganic Developments
10.3.1 Overview
10.3.2 Inorganic Growth Strategies in The Electrophysiology Market, 2022-2028
11. Company Profiles
11.1 Abbott
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4
11.1.5 Financial Overview
11.1.6 SWOT Analysis
11.1.7 Key Developments
11.2 Biotronik, Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Boston Scientific Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 CardioFocus.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 GE Healthcare
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Koninklijke Philips N.V.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Johnson & Johnson Services, Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Medtronic
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 MicroPort Scientific Corporation
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Siemens Healthineers AG
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Electrophysiology Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 3. US Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 4. Canada Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 5. Canada Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 6. Mexico Electrophysiology Market- Revenue and Forecasts to 2028, By Product (US$ Million)
Table 7. Mexico Electrophysiology Market- Revenue and Forecasts to 2028, By Indication (US$ Million)
Table 8. Recent Organic Growth Strategies in The Electrophysiology Market
Table 9. Recent Inorganic Growth Strategies in The Electrophysiology Market
Table 10. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Electrophysiology Market Segmentation
Figure 2. North America Electrophysiology Market, By Country
Figure 3. North America Electrophysiology Market Overview
Figure 4. Electrophysiology Laboratory Devices Segment Held Largest Share of Product in Electrophysiology Market
Figure 5. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. North America: PEST Analysis
Figure 7. Experts Opinion
Figure 8. North America Electrophysiology Market Impact Analysis of Driver and Restraints
Figure 9. North America Electrophysiology Market– Revenue Forecast and Analysis – 2020- 2028
Figure 10. North America Electrophysiology Market, by Product, 2022 & 2028 (%)
Figure 11. North America Electrophysiology Ablation Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 12. North America Electrophysiology Laboratory Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. North America Electrophysiology Diagnostic Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. North America Access Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. North America Others: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. North America Electrophysiology Market Revenue Share, by Indication (2022 and 2028)
Figure 17. North America Atrial Fibrillation: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Atrial Flutter: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Wolff-Parkinson-White (WPW) Syndrome: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Atrioventricular Nodal Re-entry Tachycardia (AVNRT): Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Others: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America: Electrophysiology Market, by Key Country – Revenue (2022) (US$ Million)
Figure 23. North America: Electrophysiology Market, by Country, 2022 & 2028 (%)
Figure 24. US: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Canada: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mexico: Electrophysiology Market – Revenue and Forecast to 2028 (US$ Million)
- Abbott
- Biotronik, Inc.
- Boston Scientific Corporation
- CardioFocus
- GE Healthcare
- Johnson & Johnson Services, Inc.
- Koninklijke Philips N.V.
- Medtronic
- MicroPort Scientific Corporation
- Siemens Healthineers AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America electrophysiology market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America electrophysiology market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the electrophysiology market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution