Electrophysiology (EPY) Market: Overview
Electrophysiology studies (EPS) are frequently used in indications of abnormal heart rhythms (arrhythmias), to understand the underlying causes and help clinicians decide the most useful treatments. The EPS market has made steady strides on the back of substantial increase in invasive electrophysiological (EP) testing and catheter ablation procedures worldwide. Over the past 25 years, techniques for the placement of catheters have improved substantially. The indications of EPS are as varied as the genesis are complex, propelling the growth of the EPY market. Some of the key indications of EPS are supraventricular tachycardia (SVT), wide QRS complex SVT, ventricular tachycardia (VT), atrioventricular block, and syncope.
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Some of the other key indications in the EP market are dilated cardiomyopathy, muscular dystrophies (Duchenne, Becker), sarcoidosis, post antiarrhythmic surgery, congenital heart disease, undocumented palpitations, survivors of cardiac arrest, and guiding drug therapy.
The study offers a critical assessment of the key clinical avenues shaping the demand for new technologies and techniques in the healthcare industry. The research presents a data-driven insight into various growth dynamics, share and size of various key segments, latent opportunities in some of the emerging segments, and the trends underlying emerging competitive dynamics.
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Electrophysiology Market: Key Trends
Growing population with indications of EPS is a key driver for EPY market. Rise in elderly population and growing number of adults with high blood pressure are key factors where EPS is indicated. Also, the rise in incidence of congenital diseases is a key trend boosting the EPY market. Advances in catheter ablation procedures and growing number of people with implantable cardioverter defibrillator (ICD) are factors that have stimulated the uptake of electrophysiology studies, thus boosting the EPY market.
The EPY market has made some remarkable advances on the back of technological advances in the equipment used. C-arm is a key case in point. Advent of specialized EP equipment has boosted the growth of the electrophysiology market.
Advancements in data acquisition systems by equipment manufacturers have expanded the avenue for the EPY market. Rise in incidence of target diseases has boosted the demand for EPS.
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Electrophysiology Market: Competitive Development Analysis and Key Developments
A few players have in recent years have engaged in the conduct of retrospective comparative study. One such study was conducted in Fatima University Medical Center, Philippines, where 12 lead electrocardiogram and 2D echo was involved. The study was conducted from Jan 2017 to Dec 2017. The indication was Stable coronary artery disease (CAD).
The researchers hoped to shed light on the development avenue for continuous remote monitoring capabilities in the EPY market. Such studied are also likely to pave way to the development of EPY equipment with multiple real?time applications.
Prominent names in the EPY market are Schwarzer Cardiotek GmbH, TZ Medical, Lepu Medical, Siemens Healthineers, Merit Medical Systems, CathVision, CardioFocus, Epmap-System, EP Solutions,, Imricor Medical Systems, MicroPort Scientific Corporation, GE Healthcare, Medtronic, Abbott Laboratories, Boston Scientific, and Johnson & Johnson.
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Electrophysiology Market: Regional Assessment
Some of the EPS market are North America and Asia pacific. The Asia Pacific market is expected to see substantial revenue streams, growing on the back of the rising awareness about the benefits of cardiovascular diseases. Also, rise in population with EPS and improvements in healthcare infrastructure in the emerging economies are fueling the growth prospects in the regional market.
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