The global electrophysiology devices market size is expected to reach USD 30.89 billion by 2032, according to a new study by Polaris Market Research. The report “Electrophysiology Devices Market Share, Size, Trends, Industry Analysis Report, By Application (Treatment, Diagnostic); By Indication (AF, SVT, AVNRT, WPW); By End-Use (Hospitals, ASCs); By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The market for electrophysiology devices is expanding as a result of factors such as increasing arrhythmia incidences, growing demand for catheter ablation procedures, and increasing use of cardiovascular surgery in developing nations.
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Developing countries such as Brazil, Russia, India, China, and South Africa are improving their healthcare systems. EP systems can be sold in large quantities in these regions due to the high prevalence of cardiovascular diseases. Over the projection period, it is also anticipated that growing medical needs and increased health awareness in Latin American countries like Mexico and others will increase the adoption of these systems.
The COVID-19 epidemic had a negative impact on industry expansion. Sales fell significantly as a result of non-urgent EP procedures being canceled and delayed.
Electrophysiology Devices Market Report Highlights
Polaris Market Research has segmented the electrophysiology devices market report based on application, indication, end-use, and region:
Electrophysiology Devices, Application Outlook (Revenue - USD Billion, 2019-2032)
Electrophysiology Devices, Indication Outlook (Revenue - USD Billion, 2019-2032)
Electrophysiology Devices, End-Use Outlook (Revenue - USD Billion, 2019-2032)
Electrophysiology Devices, Regional Outlook (Revenue - USD Billion, 2019-2032)