(EMAILWIRE.COM, October 17, 2018 ) An electrophysiology (EP) study is a test that records the electrical activity in the human body. The test is performed by inserting catheters and then wire electrodes, which measure electrical activity, through blood vessels that enter the heart. Electrophysiological devices are used to diagnosis and treatment of various chronic diseases like atrioventricular nodal reentry tachycardia, Wolff-Parkinson-White Syndrome, atrial fibrillation, atrial flutter, and other cardiac arrhythmias.

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Asia Pacific Electrophysiology Market size was around USD 1.5 billion in 2018. It is expected to grow at a CAGR of 10.54% to reach USD 2.47 billion by 2023.

Drivers and Restraints:

Increasing geriatric population, rising incidences of heart failure, growing adoption of EP catheter ablation, rising awareness about heart treatments among people, and increasing healthcare expenditure. In addition, technological advancement in the electrophysiology devices, increasing investments by private organizations, and introduction of innovative EP technologies such as 3D mapping systems, bidirectional duodecapolar diagnostic catheter, remote steering systems, and irrigated-tip RF catheters are expected to drive the market growth. However, lack of skilled professionals and stringent government policies are expected to hinder the market

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Geographic Segmentation

The Asia Pacific Electrophysiology Market has geographically segmented into China, India, Japan, South Korea, and Australia. Asia Pacific region has the third largest market for electrophysiology in the world. It is also the fastest growing region in the world. Factors such as rising geriatric population and advancements in technology are expected to propel the market growth in the region.

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Major companies in the market are Boston Scientific Corporation (U.S.), GE Healthcare (U.K.), Abbott Laboratories (U.S.), Biosense Webster, Inc. (U.S.), Microport Scientific Corporation (China), St. Jude Medical, Inc. (U.S.), BIOTRONIK SE & Co. KG (Germany), Koninklijke Philips N.V. (The Netherlands), Medtronic, Inc. (U.S.) and Siemens AG (Germany).





Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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