Overview of the global electrophysiology catheters market

Research analysis on the global electrophysiology catheters market identifies that the cost-effectiveness of ablation procedures will be one of the major factors that will have a positive impact on the growth of the market. The most common techniques that are used during cardiac ablation procedures include 3D electro-anatomical mapping and remote catheter monitoring. During interventional procedures, various electrophysiologists use the robot-assisted technology due to the limitations associated with conventional methods. They also use the magnetic remote monitoring system to assist the catheters? navigation. For instance, Stereotaxis has developed NIOBE magnetic navigation system, which is extensively used in France for the cardiac ablation procedure. The cost of these products will reduce with the rising adoption of the advanced techniques. As a result, the affordability of ablation procedures in comparison to other procedures such as pacemakers and implantable cardioverter defibrillator (ICD) will positively impact the market's growth. Technavio's market research analysts predict that this market will grow at a CAGR of more than 9% by 2021.

The rising prevalence of artrial fibrillation is driving the demand for EP procedures in the Americas. The prevalence of cardiac arrhythmia is high in Canada. Also, in emerging economies such as Mexico and Chile, the cost of procedure is low, which in turn, will drive the demand for catherization. Other countries such as Brazil and Mexico are focusing on improving their respective healthcare systems, which in turn, will drive the growth prospects for the global electrophysiology catheters market in the forthcoming years.

Competitive landscape and key vendors

The electrophysiology catheters market is highly fragmented due to the presence of large, medium, and small-sized companies. These vendors are increasingly competing against each other based on factors such as aggressive pricing, product sensitivity, R&D, high investments, and technology upgradation. Vendors are focusing on enhancing their product portfolio to expand their geographical reach. Furthermore, they are also trying to expand their services by adopting mergers and acquisition strategies and partnerships across the regions.

Key vendors in this market are -

• Boston Scientific
• Medtronic
• St. Jude Medical

Other prominent vendors in the market include Beijing Demax Medical Technology, Biosense Webster, BIOTRONIK, Cook Medical, Maquet Getinge Group, MicroPort Scientific, Millar, SterilMed, Tyche MedTech, and Vimecon.

Segmentation by product and analysis of the electrophysiology catheters market

• Diagnostic EP catheters
• Ablation EP catheters

Diagnostic EP catheters are used for the endocardial recording of electrical impulses transmission. The sales volume of diagnostic EP catheters is increasing due to the rising number of interventional cardiac procedures. The diagnostic EP catheters segment will continue to grow during the projected period due to the change in reimbursement policies and the rising prevalence of cardiovascular diseases (CVD) across the globe.

Segmentation by end-user and analysis of the electrophysiology catheters market

• Hospitals and clinics
• ASCs

The ASCs segment contributed the maximum shares during 2016. The majority of patients prefer ASCs over other healthcare units because it allows people minimize their medical expenses and help them save time. The segment will continue to grow during the estimated period because ASCs have advanced operating set-ups, specialist physicians, and operating and recovery rooms without complex administrative procedures.

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 electrophysiology catheters market?
• What are the key market trends impacting the growth of the global electrophysiology catheters market?
• What are the challenges to market growth?
• Who are the key vendors in the global electrophysiology catheters market?
• What are the market opportunities and threats faced by the vendors in the global electrophysiology catheters market?
• What are the 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 electrophysiology catheters market?

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