Global Electrophysiology Devices Market 2016-2020

Global outlook of the electrophysiology devices market

Technavio’s market research analysts predict the global electrophysiology devices market to grow steadily during the forecast period and post a CAGR of almost 8% by 2020. This industry research report identifies the increasing preference for remote monitoring devices to be one of the major factors that will have a positive impact on the growth of the electrophysiology devices market in the coming years. With the increased availability of home monitoring devices for implantable cardioverter defibrillators (ICDs), cardiac resynchronization therapy (CRT) devices, and pacemakers, the recent years have witnessed a rapid increase in the demand for remote monitoring devices for better treatment. These monitoring systems automatically download patient data using radio transmissions for easy communication. Though the high cost poses a major challenge for the adoption of remote monitoring devices, the focus of a few vendors to reduce costs will increase the rate of adoption across the globe, in turn, propelling market growth.

This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the next four years. The increasing incidences of cardiovascular diseases and the introduction of healthcare policies such as the Million Hearts CVD Risk Reduction model that will reduce the costs of cardiovascular treatment such as electrophysiology procedures, will drive the market’s growth prospects in this region.

Competitive landscape and key vendors

The market is characterized by the presence of large (Tier-1) medium (Tier-2) and small sized companies (Tier-3) companies and appears to be highly fragmented. Factors such as technological advancements and product upgradations will increase the level of competition among the market players. To sustain the competition and increase their revenue shares, electrophysiology device companies have the need to increase their R&D investments to develop new products. Several vendors have also started following M&A strategies, which will allow them to expand their product portfolio by acquiring new technologies and will also help in enhancing their global reach.

The leading vendors in the market are -

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

The other prominent vendors in the market are Siemens Healthcare, LivaNova, AngioDynamics, Atrium Medical, Biosense Webster, Cook Group, Edward Lifesciences, Innovative Cardiovascular Solutions, Transverse Medical, Cardiac Science, MicroPortScientific, Welch Allyn, Vimecon, Suzuken, Spacelabs Healthcare, Cardiac Science, Imricor Medical Systems, Advanced Cardiac Therapeutics, and BIOTRONIK.

Segmentation by product type and analysis of the electrophysiology devices market

• Treatment EP devices
• Diagnostic EP devices

According to this market study, the diagnostic EP devices segment accounted for the major market shares and dominated the industry during 2015. The growing incidences of cardiovascular diseases that result in the increased need for the diagnosis of cardiac arrhythmias and related disorders will aid in the growth of the market in this segment.

Segmentation by end-users and analysis of the electrophysiology devices market

• Hospitals
• Diagnostic centers
• Clinics

During 2015, the hospitals segment accounted for the major market shares and dominated the electrophysiology devices market. Large hospitals offer a number of inpatient and outpatient services and perform a number of procedures for stroke, cardiac arrhythmias, and heart failure which boosts the sales of electrophysiology devices. The increasing preference of patients towards large hospitals for various complex cardiovascular procedures, will drive the growth prospects of this market segment in the coming years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global electrophysiology devices market?
• What are the key market trends impacting the growth of the global electrophysiology devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global electrophysiology devices market?
• What are the market opportunities and threats faced by the vendors in the global 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 electrophysiology devices market?

Technavio also offers customization on reports based on specific client requirement.

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