Asia-Pacific Electrophysiology Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Product, Target Disease, and Geography

Market Snapshot

Study Period: 2018 - 2026
Base Year: 2020
CAGR: 10 %

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Market Overview

 

The Asia-Pacific electrophysiology market will show rapid growth due to the increasing prevalence of target diseases, technological advancements in the field of electrophysiology, and increasing demand for catheter ablation procedures.

According to the research article published in 2017, it was estimated that in China's 7% of the population is affected by heart strokes and electrophysiology devices thus have a major application in detecting these heart failure rates. In addition, a rapid increase in the aging population was found to be responsible for increasing heart failure rates, which has further contributed to the growth of the electrophysiology market. 

 

 

Scope of the Report

Electrophysiology is the biomedical field that deals with the study of electric activity in the body. Electrophysiology includes the study of the generation of electrical activity and the effects of that electrical activity on the body. As per the scope of this report, the various types of electrophysiology products and the diseases which they target have been taken into account for the calculation of the total market size.

By Product
Ablation Catheters
Laboratory Devices
Diagnostic Catheters
Access Devices
Other Products
By Target Disease
Atrial Fibrillation
Atrial Flutter
Wolff-Parkinson-White Syndrome
Atrioventricular Nodal Reentry Tachycardia
Other Target Diseases
Geography
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

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Key Market Trends

Ablation Catheters are Expected to hold the Highest Market Share in the Product Type

Ablation catheters are useful in removing anomalous heart tissues that may result in irregular heartbeats. These devices work on the basis of ablation, which is a minimally invasive procedure that employs catheters to demolish the defective electrical pathways from the heart. Radiofrequency ablation and cryoablation are the most commonly used types of ablation catheters, and both are expected to hold significant market shares, aided by related advancements in the technology.

 

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Competitive Landscape

The electrophysiology market, which is highly competitive, consists of a few major players. In terms of market share, few of the major players currently dominate the market. Companies, such as Abbott Laboratories, Boston Scientific Corporation, and Medtronic, among others, hold a substantial market share in the electrophysiology market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Target Diseases

      2. 4.2.2 Increasing Demand for Catheter Ablation Procedures

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Professionals

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Ablation Catheters

      2. 5.1.2 Laboratory Devices

      3. 5.1.3 Diagnostic Catheters

      4. 5.1.4 Access Devices

      5. 5.1.5 Other Products

    2. 5.2 By Target Disease

      1. 5.2.1 Atrial Fibrillation

      2. 5.2.2 Atrial Flutter

      3. 5.2.3 Wolff-Parkinson-White Syndrome

      4. 5.2.4 Atrioventricular Nodal Reentry Tachycardia

      5. 5.2.5 Other Target Diseases

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 Japan

        3. 5.3.1.3 India

        4. 5.3.1.4 Australia

        5. 5.3.1.5 South Korea

        6. 5.3.1.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Biotronik SE & Co.KG

      3. 6.1.3 Boston Scientific Corporation

      4. 6.1.4 GE Healthcare

      5. 6.1.5 Johnson & Johnson

      6. 6.1.6 Medtronic PLC

      7. 6.1.7 Philips Healthcare

      8. 6.1.8 Siemens AG

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Asia-Pacific Electrophysiology Market market is studied from 2018 - 2026.

The Asia-Pacific Electrophysiology Market is growing at a CAGR of 10% over the next 5 years.

Biotronik SE & Co.KG, Boston Scientific Corporation, GE Healthcare, Abbott Laboratories, Medtronic PLC are the major companies operating in Asia-Pacific Electrophysiology Market.

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