Electrophysiology Market To Surpass USD 22.65 Billion by 2030 | Sector to Grow at a CAGR of 14.4%

The electrophysiology market refers to the medical devices, equipment, and technologies used to diagnose and treat disorders of the heart’s electrical system. Electrophysiology (EP) studies are used to evaluate the heart’s electrical activity and to diagnose and treat various cardiac arrhythmias, including atrial fibrillation, supraventricular tachycardia, and ventricular tachycardia.

EP market was valued at $6.499 billion in 2020, and is estimated to reach $22.651 billion by 2030, growing at a CAGR of 14.4% from 2021 to 2030.

Some of the key players involved in the Market are:

ABBOTT LABORATORIES, Biotronik SE & Co. KG, BOSTON SCIENTIFIC CORPORATION, CardioFocus, Inc., GE Healthcare, Koninklijke Philips N.V., Johnson & Johnson Services, Inc., Medtronic plc. (Zephyr Technology Corporation), MICROPORT SCIENTIFIC CORPORATION, Siemens Healthineers AG

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The electrophysiology market can be segmented into various categories based on product type, application, and end-user:

1. Product Type Segment: The product type segment includes EP ablation catheters, EP diagnostic catheters, EP laboratory devices, access devices, and others. EP ablation catheters are the largest segment in the product type category and are expected to continue to grow due to increasing demand for minimally invasive procedures.
2. Application Segment: The application segment includes atrial fibrillation, supraventricular tachycardia, ventricular tachycardia, and others. Atrial fibrillation is the largest segment in the application category due to the high prevalence of this condition.
3. End-User Segment: The end-user segment includes hospitals, diagnostic centers, and ambulatory surgical centers. Hospitals are the largest segment in the end-user category due to the availability of advanced healthcare infrastructure and the increasing number of EP procedures performed in hospitals.

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