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?
Technavio also offers customization on reports based on specific client requirement.
Diagnostic electrophysiology (EP) catheters are specialized catheters used for diagnosis purposes in the EP procedures. These catheters are positioned for endocardial recording through the transmission of electrical impulses. This upcoming industry research report on the global electrophysiology catheters market offers insights into the key trends and emerging drivers affecting the growth of the healthcare and life sciences industry. Our reports for the healthcare and life sciences industry also follow a primary and secondary data approach to offer an extensive analysis of fast growing market segments like orthopedics and general medical devices.
By considering the market forecast and size and the surging demand for various orthopedics and general medical devices, the market research analysts at Technavio render an exclusive picture of global electrophysiology catheters market for the years 2017 to 2021. Furthermore, our research practices help clients develop new growth policies and keep pace with the changing market landscape.
This upcoming report on the global electrophysiology catheters market also covers vendors like Boston Scientific, Medtronic, St. Jude Medical, and Johnson & Johnson Ltd. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global electrophysiology catheters market also covers geographies like APAC, the Americas, and EMEA.
The industry research report on the global electrophysiology catheters market also categorizes the key drivers, emerging trends, as well as the hurdles that the orthopedics and general medical devices sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the healthcare and life sciences industry. Technavio also provides deep-dive market assessments into related sectors such as cardiovascular devices and patient monitoring devices.
Our market research methodology for the global electrophysiology catheters market
Technavio also provides clients the option to customize each report to fit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product
- Diagnostic EP catheters
- Ablation EP catheters
PART 07: Market segmentation by end-user
- Hospitals and clinics
- ASCs
PART 08: Geographical segmentation
- EP catheters market in Americas
- EP catheters market in EMEA
- EP catheters market in APAC
PART 09: Decision framework
PART 10: Drivers and challenges
- Market drivers
- Market challenges
PART 11: Market trends
- Use of robot-assisted navigation technologies
- Rise in accessibility of advanced laser treatments
PART 12: Vendor landscape
PART 13: Key vendor analysis
- Boston Scientific
- Medtronic
- St. Jude Medical
- Key companies to watch
- Other prominent vendors
PART 14: Appendix
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.
INFORMATION 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape