Electrophysiology Market

Electrophysiology Market

Electrophysiology Market Forecasts to 2028 - Global Analysis By Product (EP laboratory devices, EP diagnostic catheters, EP ablation catheters, Access devices and Other Types), Indication (Atrioventricular Nodal Reentry Tachycardia (AVNRT), Atrial fibrillation (AF) and Other Indications), End User and By Geography

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Published: 2023 ID: SMRC23056

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $7.57 BN

Projected Year Value (2028)

US $14.47 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Electrophysiology Market is accounted for $7.57 billion in 2022 and is expected to reach $14.47 billion by 2028 growing at a CAGR of 11.4% during the forecast period. Electrophysiology (EP) is a scientific discipline that investigates electrical activity in the body. It is also known as invasive cardiac electrophysiology, and it is a series of tests that analyse the electrical activity of the heart. It is used to diagnose and treat cardiac rhythm disorders or arrhythmias by measuring the electrical system or activity of the heart. During the test, catheters and wire electrodes are utilised to assess electrical activity in blood vessels that lead to the heart.

According to the World Obesity Atlas 2022, 1 in 3 men (34.41%) and nearly two-fifths of women (39.72%) are expected to have a BMI of 30kg/m2 by 2030 in the Americas area.

Market Dynamics:


The increasing prevalence of heart arrhythmias, ophthalmic issues, and epilepsy

The introduction of innovative technologies such as cryoablation, laser ablation, ultrasonic ablation, and enhanced mapping technologies is expected to increase the global electrophysiology market over the forecast period. The market is also being fueled by the increased prevalence of heart failure (HF) and cardiac arrest cases among millennials as a result of lifestyle choices such as smoking and excessive alcohol consumption. Furthermore, smaller EP monitoring systems have raised demand for these devices in the worldwide electrophysiology industry, particularly during the COVID-19 period. As a result, the cardiac rhythm and failure divisions are paying careful attention to remote monitoring and the programming capabilities of implanted electrophysiology (EP) devices.


High cost

The cost of constructing the EP laboratory has risen significantly over the years due to variables such as healthcare provider consolidation, growing expenses due to the usage of complicated medical treatments, changing government restrictions, and limited resources. This is limiting the penetration of these goods, despite the fact that knowledge of arrhythmia and the usefulness of electrophysiological products to treat arrhythmia is increasing in various nations.


Rising number of emerging markets

Emerging markets are expected to offer significant growth opportunities for players in this market, owing to their increasing patient population, rising adoption of cardiac mapping systems, growing awareness of CVDs, rising disposable incomes, improving healthcare infrastructure, and comparatively lenient guidelines when compared to developed countries. During the last decade, emerging countries have seen a steady increase in the number of surgical procedures, driven by a larger target patient population, an increase in CVD-related fatalities, and increased medical tourism.


Refurbished devices

The rising demand for refurbished products presents a significant challenge for market participants, particularly small producers. To enhance their market position and build a significant user base for their electrophysiological goods, market players must either drop their pricing or develop better or more advanced technologies that can answer the market's unmet needs.

Covid-19 Impact

The unexpected breakout of the COVID-19 pandemic has had a mixed influence on the worldwide medical equipment business. Some categories suffered an overall negative impact as a result of the global drop in the number of patient visits to hospitals. Patients with pre-existing cardiac disease who are exposed to COVID-19, on the other hand, are more likely to experience a heart attack or develop congestive heart failure. The decline has led to limited demand for electrophysiology devices, hampering the growth of the market. Additionally, key market players operating in the market witnessed decline in the revenues generated from these devices in the first half of 2020.

The EP laboratory devices segment is expected to be the largest during the forecast period

The EP laboratory devices segment is estimated to have a lucrative growth, Due to the increasing public-private funding for the development of novel electrophysiology recording systems, the rising number of RF ablation procedures, the cost-effectiveness of RF ablation procedures in comparison to other ablation techniques, and the expanding availability of these products in major markets. EP laboratory devices are further subdivided into EP X-Ray systems, 3D mapping systems, EP recording systems, EP remote steering systems, and others.

The atrial fibrillation (AF) segment is expected to have the highest CAGR during the forecast period

The atrial fibrillation (AF) segment is anticipated to witness the highest CAGR growth during the forecast period. Atrial fibrillation (AF), commonly known as AFib, is one of the most prevalent kinds of arrhythmia, resulting in irregular and fast heart rhythms. It happens when rapid electric signals drive the upper chamber of the heart to contract quickly, preventing the atria from pumping blood into the ventricles regularly, resulting in blood clots. Atrial fibrillation patients are more likely to get serious heart issues such as strokes and heart failure. AFib contributes to nearly one in every six strokes.

Region with highest share:

North America is projected to hold the largest market share during the forecast period because of the rising prevalence of heart failure (HF), cardiac arrest, and cardiac arrhythmia as a result of unhealthy lifestyles and increased smoking and alcohol intake. The presence of proper reimbursement policies in the region is also one of the primary factors likely to drive market expansion. While the majority of the population in America is obese, they are predisposed to cardiovascular disease, which is likely to boost market growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to increasing activities by key market players in countries in the region. The fast growth of healthcare infrastructure and rising disposable income in developing countries such as India and China are expected to drive up demand for electrophysiology devices. Furthermore, it is projected that top industry companies in the region will boost their investment due to the region's fast rising healthcare infrastructure and growing healthcare spending.

Key players in the market

Some of the key players profiled in the Electrophysiology Market include Japan LifeLine Co., Ltd., MicroPort Scientific Corporation, Osypka Medical, Abbott, GE Healthcare, Siemens Healthcare GmbH, APN Health, LLC, Koninklijke Philips N.V., Medtronic, Stereotaxis, Inc., Johnson & Johnson, Japan LifeLine Co., Ltd., Boston Scientific Corporation and Acutus Medical, Inc.

Key Developments:

In January 2022, Abbott has received the U.S. Food and Drug Administration for its EnSite X EP System with EnSite Omnipolar Technology (OT). It is a new cardiac mapping platform available in the US and across Europe that is designed to help physicians better treat abnormal heart rhythms. The system creates highly detailed three-dimensional maps of the heart to help physicians identify and then treat areas of the heart where abnormal rhythms originate.

In October 2021, Boston Scientific Corporation has entered into a definitive agreement to acquire Baylis Medical Company Inc. for $1.75 billion. The acquisition will help Boston Scientific.

In December 2020, Acutus has announced the launch of their AcQBlate Force Sensing Ablation System in Europe after getting the CE Mark. The AcQBlate Force Sensing Ablation System, designed with commercially available gold-tipped, irrigated, force-sensing radiofrequency ablation catheter, it is used for electrophysiology mapping and RF ablation.

Products Covered:
• EP laboratory devices
• EP diagnostic catheters
• EP ablation catheters
• Access devices
• Other Products

Indications Covered:
• Atrioventricular Nodal Reentry Tachycardia (AVNRT)
• Atrial fibrillation (AF)
• Wolff-Parkinson-White Syndrome (WPW)
• Atrial flutter
• Other Indications

End Users Covered:
• Ambulatory surgery centers
• Hospitals & cardiac centers
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Electrophysiology Market, By Product
5.1 Introduction
5.2 EP laboratory devices
5.2.1 EP remote steering systems
5.2.2 EP X-Ray systems
5.2.3 3D mapping systems
5.2.4 EP recording systems
5.2.5 Other EP laboratory devices
5.3 EP diagnostic catheters
5.3.1 Fixed diagnostic catheters
5.3.2 Ultrasound EP diagnostic catheters
5.3.3 Conventional EP diagnostic catheters
5.3.4 Steerable diagnostic catheters
5.3.5 Advanced EP diagnostic catheters
5.4 EP ablation catheters
5.4.1 Conventional radiofrequency ablation catheters
5.4.2 Radiofrequency ablation catheters
5.4.3 Irrigated-tip radiofrequency ablation catheters
5.4.4 Laser ablation systems
5.4.5 Navigational advanced mapping accessories
5.4.6 Microwave ablation systems
5.5 Access devices
5.6 Other Products

6 Global Electrophysiology Market, By Indication
6.1 Introduction
6.2 Atrioventricular Nodal Reentry Tachycardia (AVNRT)
6.3 Atrial fibrillation (AF)
6.4 Wolff-Parkinson-White Syndrome (WPW)
6.5 Atrial flutter
6.6 Other Indications

7 Global Electrophysiology Market, By End User
7.1 Introduction
7.2 Ambulatory surgery centers
7.3 Hospitals & cardiac centers
7.4 Other End Users

8 Global Electrophysiology Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Japan LifeLine Co., Ltd.
10.2 MicroPort Scientific Corporation
10.3 Osypka Medical
10.4 Abbott
10.5 GE Healthcare
10.6 Siemens Healthcare GmbH
10.7 APN Health, LLC
10.8 Koninklijke Philips N.V.
10.9 Medtronic
10.10 Stereotaxis, Inc.
10.11 Johnson & Johnson
10.12 Japan LifeLine Co., Ltd.
10.13 Boston Scientific Corporation
10.14 Acutus Medical, Inc.

List of Tables
1 Global Electrophysiology Market Outlook, By Region (2020-2028) ($MN)
2 Global Electrophysiology Market Outlook, By Product (2020-2028) ($MN)
3 Global Electrophysiology Market Outlook, By EP laboratory devices (2020-2028) ($MN)
4 Global Electrophysiology Market Outlook, By EP remote steering systems (2020-2028) ($MN)
5 Global Electrophysiology Market Outlook, By EP X-Ray systems (2020-2028) ($MN)
6 Global Electrophysiology Market Outlook, By 3D mapping systems (2020-2028) ($MN)
7 Global Electrophysiology Market Outlook, By EP recording systems (2020-2028) ($MN)
8 Global Electrophysiology Market Outlook, By Other EP laboratory devices (2020-2028) ($MN)
9 Global Electrophysiology Market Outlook, By EP diagnostic catheters (2020-2028) ($MN)
10 Global Electrophysiology Market Outlook, By Fixed diagnostic catheters (2020-2028) ($MN)
11 Global Electrophysiology Market Outlook, By Ultrasound EP diagnostic catheters (2020-2028) ($MN)
12 Global Electrophysiology Market Outlook, By Conventional EP diagnostic catheters (2020-2028) ($MN)
13 Global Electrophysiology Market Outlook, By Steerable diagnostic catheters (2020-2028) ($MN)
14 Global Electrophysiology Market Outlook, By Advanced EP diagnostic catheters (2020-2028) ($MN)
15 Global Electrophysiology Market Outlook, By EP ablation catheters (2020-2028) ($MN)
16 Global Electrophysiology Market Outlook, By Conventional radiofrequency ablation catheters (2020-2028) ($MN)
17 Global Electrophysiology Market Outlook, By Radiofrequency ablation catheters (2020-2028) ($MN)
18 Global Electrophysiology Market Outlook, By Irrigated-tip radiofrequency ablation catheters (2020-2028) ($MN)
19 Global Electrophysiology Market Outlook, By Laser ablation systems (2020-2028) ($MN)
20 Global Electrophysiology Market Outlook, By Navigational advanced mapping accessories (2020-2028) ($MN)
21 Global Electrophysiology Market Outlook, By Microwave ablation systems (2020-2028) ($MN)
22 Global Electrophysiology Market Outlook, By Access devices (2020-2028) ($MN)
23 Global Electrophysiology Market Outlook, By Other Products (2020-2028) ($MN)
24 Global Electrophysiology Market Outlook, By Indication (2020-2028) ($MN)
25 Global Electrophysiology Market Outlook, By Atrioventricular Nodal Reentry Tachycardia (AVNRT) (2020-2028) ($MN)
26 Global Electrophysiology Market Outlook, By Atrial fibrillation (AF) (2020-2028) ($MN)
27 Global Electrophysiology Market Outlook, By Wolff-Parkinson-White Syndrome (WPW) (2020-2028) ($MN)
28 Global Electrophysiology Market Outlook, By Atrial flutter (2020-2028) ($MN)
29 Global Electrophysiology Market Outlook, By Other Indications (2020-2028) ($MN)
30 Global Electrophysiology Market Outlook, By End User (2020-2028) ($MN)
31 Global Electrophysiology Market Outlook, By Ambulatory surgery centers (2020-2028) ($MN)
32 Global Electrophysiology Market Outlook, By Hospitals & cardiac centers (2020-2028) ($MN)
33 Global Electrophysiology Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at info@strategymrc.com

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