Electrophysiology can be defined as the study of electrical properties in biological tissues and cells. It measures changes in electrical currents and voltages across systems varying from single ion protein channels to complete organs like the heart.
The driving factors of global Electrophysiology market are rising geriatric population, development of technologically advanced electrophysiology instruments, rising incidence of arrhythmia across the planet and rising demand for catheter ablation procedures among others. However, the market is constrained by factors such as dearth of skilled electrophysiologists and unfavourable healthcare reforms in some countries.The Market was worth USD 6.21 billion in 2016 and estimated to be growing at a CAGR of 9.79%, to reach USD 9.91 billion by 2021.
In this field, the modalities which are most commonly used are electrocardiography which involves measuring the electrical activity of the brain and electromyography which measures the electrical activity in the skeletal muscles. Other modalities in which this science is used are intracardiac electrogram, electroretinography, electrooculography, electronystagmography, electrocorticography and electrogastrography among others.
The Electrophysiology market is divided on the basis of indication into Atrial Flutter, Atrial Fibrillation, Wolff-Parkinson-White Syndrome (WPW), Atrioventricular Nodal Re-entry Tachycardia (AVNRT) and other indications. By product the market is segmented into Electrophysiology Ablation Catheters, Electrophysiology Diagnostic Catheters, Electrophysiology Laboratory Devices and Access Devices.
Electrophysiology Ablation Catheters are further divided into Radiofrequency (RF) Ablation Catheters, Cryoablation Electrophysiology Catheters, Laser Ablation Systems, Microwave Ablation (MWA) Systems and Navigational Advanced Mapping Accessories.
Electrophysiology Diagnostic Catheters are further divided into Advanced Electrophysiology Diagnostic Catheters, Conventional Electrophysiology Diagnostic Catheters and Ultrasound Electrophysiology Diagnostic Catheters. Electrophysiology Laboratory Devices are segmented further into Electrophysiology Recording Systems, 3D Mapping Systems, Radiofrequency (RF) Ablation Generators, Electrophysiology X-Ray Systems, Intracardiac Echocardiography (ICE) Systems and Electrophysiology Remote Steering Systems.
The Global Electrophysiology market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Electrophysiology in the world, which is followed by Europe and Asia Pacific regions.
Asia Pacific region is expected to have the fastest growth rate during the forecast period.
Some of the major players in the market are Boston Scientific Corporation (U.S.), GE Healthcare (U.K.), Abbott Laboratories (U.S.), Biosense Webster, Inc. (U.S.), Microport Scientific Corporation (China), St.
Jude Medical, Inc. (U.S.), BIOTRONIK SE & Co. KG (Germany), Koninklijke Philips N.V.
(The Netherlands), Medtronic, Inc. (U.S.) and Siemens AG (Germany).
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