Europe Electrophysiology Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Product, Target Disease, and Geography

Market Snapshot

Europe Electrophysiology Market
Study Period:

2016-2024

Base Year:

2018

Key Players:

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Market Overview

The European electrophysiology market is expected to witness a CAGR of 7% during the forecast period. Certain factors that are driving the growth of the market include increasing prevalence of target diseases, technological advancements in the field of electrophysiology, and increasing demand for catheter ablation procedures.

In Europe, 1-2% of the total healthcare expenditure is attributed to heart failure. According to the European Heart Network AISBL, around 3.9 million deaths in Europe and over 1.8 million deaths in the European Union occur due to cardiovascular diseases each year. It is expected that this number would increase further by 2030. Since electrophysiology devices have their major applications in detecting heart failure rates, the increasing number of heart failures is expected to drive the market during the forecast period. Other factors, such as high adoption rates in emerging markets due to technological advancements, rapid growth in aging population, increasing demand for catheter ablation procedures, etc. are also driving the market.

However, according to the European Union of Medical Specialists, very few cardiologists hold specialization in electrophysiology. Although not a favorable percentage, the electrophysiology workforce is more or less stable in Europe. Still, due to lack of mobility among the majority of the established electrophysiologists, there exists a distinct lag in geographical dispersion of the EPs, which has resulted in a rift between the demand and supply, and a visible disparity among electrophysiologists. Thus, the lack of skilled electrophysiologists is acting as a major restraint for the European 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 that they target have been taken into account for the calculation of the total market size in Europe.

Product
Ablation Catheters
Cryoablation EP Catheters
Radiofrequency Ablation Catheters
Microwave Ablation Systems
Laser Ablation Systems
Other Ablation Catheters
Laboratory Devices
EP X-Ray Systems
3D Mapping Systems
EP Recording Systems
EP Remote Steering Systems
Other Laboratory Devices
Diagnostic Catheters
Conventional EP Diagnostic Catheters
Advanced EP Diagnostic Catheters
Ultrasound EP Diagnostic Catheters
Access Devices
Other Products
Target Disease
Atrial Fibrillation
Atrial Flutter
Wolff-Parkinson-White Syndrome
Atrioventricular Nodal Reentry Tachycardia
Other Target Diseases
Geography
Europe
UK
Germany
France
Italy
Spain
Rest of Europe

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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, which cause 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 type and cryoablation type are the most commonly used ablation catheters, which are expected to have a significant hold on the market with related advancements in the technology. Radiofrequency (RF) ablation uses locally delivered, high-energy RF signals to make the scars. On the other hand, cryoablation uses extremely cold temperatures for making the scars. Sometimes, laser light energy is also used.

Europe Electrophysiology Market

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Competitive Landscape

The European 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 European electrophysiology market.

Recently, various developments have been taking place in the market. For instance, in January 2018, BioSig Technologies, a medical device company developing a biomedical signal processing platform designed to address the demand for electrophysiology market, partnered with Mr. Charles Austin and JK Advisors to scale up operational activities.

 

Major Players

  1. Abbott Laboratories
  2. Biotronik SE & Co. KG
  3. GE Healthcare
  4. Boston Scientific Corporation
  5. Medtronic PLC

* Complete list of players covered available in the table of contents below

Europe Electrophysiology Market

Download the market shares of key players in this industry.

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 Technological Advancements in the Field of Electrophysiology

      3. 4.2.3 Increasing Demand for Catheter Ablation Procedures

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Professionals

      2. 4.3.2 Unfavorable Healthcare Reforms

    4. 4.4 Porter's Five Forces 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 Product

      1. 5.1.1 Ablation Catheters

        1. 5.1.1.1 Cryoablation EP Catheters

        2. 5.1.1.2 Radiofrequency Ablation Catheters

        3. 5.1.1.3 Microwave Ablation Systems

        4. 5.1.1.4 Laser Ablation Systems

        5. 5.1.1.5 Other Ablation Catheters

      2. 5.1.2 Laboratory Devices

        1. 5.1.2.1 EP X-Ray Systems

        2. 5.1.2.2 3D Mapping Systems

        3. 5.1.2.3 EP Recording Systems

        4. 5.1.2.4 EP Remote Steering Systems

        5. 5.1.2.5 Other Laboratory Devices

      3. 5.1.3 Diagnostic Catheters

        1. 5.1.3.1 Conventional EP Diagnostic Catheters

        2. 5.1.3.2 Advanced EP Diagnostic Catheters

        3. 5.1.3.3 Ultrasound EP Diagnostic Catheters

      4. 5.1.4 Access Devices

      5. 5.1.5 Other Products

    2. 5.2 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 Europe

        1. 5.3.1.1 UK

        2. 5.3.1.2 Germany

        3. 5.3.1.3 France

        4. 5.3.1.4 Italy

        5. 5.3.1.5 Spain

        6. 5.3.1.6 Rest of Europe

  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 Microport Scientific Corporation

      8. 6.1.8 Philips Healthcare

      9. 6.1.9 Siemens AG

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

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

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