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Global Diagnostic Electrophysiology Devices Market 2017-2021

  • Published: Sep 2017
  • Pages: 99
  • SKU: IRTNTR14470
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This industry research report identifies Boston Scientific, GE Healthcare, Philips Healthcare, and St. Jude Medical as the key vendors in the global diagnostic electrophysiology devices market. This industry research report also presents a comprehensive analysis of the market by product type (X-ray systems, ECG devices, diagnostic EP catheters, EMG devices, and EEG devices), by end-user (hospitals and clinics and ambulatory surgical clinics (ASCs)), and by geography (the Americas, APAC, and EMEA).

Overview of the global diagnostic electrophysiology devices market

Cardiac ablation is used as the corrective measure to treat cardiac arrhythmia that is caused by tachycardia, bradycardia, stroke, or cardiac arrest. According to the Centers for Disease Control and Prevention (CDC) almost 3 million  to 6 million people suffered from atrial fibrillation (AF) in the US in 2015, where the changes in lifestyle, the high consumption of alcohol, and hypertension were the major factors that increased the prevalence of arrhythmia. Similarly, countries in the EMEA and APAC countries such as India are also witnessing a rise in the incidence of AF. This increasing incidence of arrhythmia is identified as one of the major factors that will fuel the growth of the diagnostic electrophysiology devices market since these devices can monitor irregular heartbeat and facilitate the treatment of abnormal heart function. According to Technavio’s market research report, this market will grow steadily at a CAGR of about 7% by 2021.

Technological advances have enabled vendors to convert large conventional ECG stress test systems into compact and portable systems. Portable ECG devices are suitable for people suffering from chronic diseases such as hypertension, diabetes, and coronary artery disease (CAD). Portable ECG devices allow easy movement and the ambulatory resting ECG monitors are designed specifically for easy home monitoring. The increasing usage of mobile ECG monitoring systems will be one of the key trends that wil gain traction in the diagnostic electrophysiology devices market during the next few years.

Competitive landscape and key vendors

The diagnostic electrophysiology devices market is intensely fragmented due to the presence of several international, regional, and local vendors. The international players account for the major market shares by developing diagnostic EP devices and the regional players develop novel products that improve process efficiency, product efficacy, and patient comfort. EP devices manufacturers compete based on aggressive pricing, product sensitivity, product differentiation, and technology upgrades. Increased consolidation among the vendors will intensify the competitive environment among the players in this marketspace.

The leading vendors in the market are -

  • Boston Scientific
  • GE Healthcare
  • Philips Healthcare
  • St. Jude Medical

The other prominent vendors in the market are Atrium Medical, Beijing Demax Medical Technology, Biosense Webster, BIOTRONIK, MicroPort Scientific, Millar, Siemens Healthineers, Spacelabs Healthcare, Sterlimed, SUZUKEN, Tyche MedTech, Vimecon, and Welch Allyn.

Segmentation by product type and analysis of the diagnostic electrophysiology devices market

X-ray systems are highly preferred by consumers and digital x-ray systems are highly efficient, accurate, and provide quick delivery of results. The launch of real-time anatomic visualization and innovations in technology will contribute to the growth of the electrophysiology market in this segment. To enhance results for interventional procedures, manufacturers are increasingly focusing on product enhancements and innovations.

Segmentation by end-user and analysis of the diagnostic electrophysiology devices market

  • Hospitals and clinics
  • Ambulatory surgical clinics (ASCs)

ASCs provide medical services and conduct surgical and non-surgical procedures in the outpatient setting, saving consumers’ expenses and time. Additionally, ASCs have advanced medical equipment, physicians, and operating rooms, and provide quality services at lower costs. This will increase customer preference towards ASCs, which will consequently fuel the growth of the electrophysiology market in this end-user segment.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global diagnostic electrophysiology devices market?
  • What are the key market trends impacting the growth of the global diagnostic electrophysiology devices market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global diagnostic electrophysiology devices market?
  • What are the market opportunities and threats faced by the vendors in the global diagnostic electrophysiology devices market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global diagnostic electrophysiology devices market?

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Read More Read Less

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Overview

PART 05: Market landscape

  • Overview
  • Market size and forecast
  • Five forces analysis

PART 06: Segmentation by product type

  • Overview
  • X-ray systems
  • ECG devices
  • Diagnostic EP catheters
  • EMG devices
  • EEG devices

PART 07: Segmentation by end-user

  • Overview
  • Hospitals and clinics
  • ASCs

PART 08: Segmentation by geography

  • Overview
  • Americas
  • EMEA
  • APAC

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Market challenges

PART 11: Market trends

  • Use of mobile ECG monitoring systems
  • Use of robotic navigation technologies

PART 12: Vendor landscape

  • Competitive scenario

PART 13: Key vendor analysis

  • Boston Scientific
  • GE Healthcare
  • Philips Healthcare
  • St. Jude Medical
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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