Asia Pacific Electrophysiology Market to hit $2.5 Bn by 2027

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Asia Pacific Electrophysiology Market to hit 2.5
Bn by 2027 Graphical Research
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Asia Pacific Electrophysiology (EP) Market Size
is estimated to cross USD 2.5 Billion By 2027.
Increasing prevalence of cardiac disorders such
as atrial fibrillation, atrial flutter and
tachycardia among others in the region and launch
of new advanced products will influence
electrophysiology revenue growth during forecast
period. The recent COVID-19 pandemic has
negatively impacted the electrophysiology
procedures upto some extent. Elective procedures
were differed during the initial phase of the
outbreak to reduce cross contamination in
healthcare settings. However, as COVID-19 cases
are declining across the globe, the APAC
electrophysiology market will witness gradual
growth in the future. Growing geriatric pool
coupled with rising prevalence of atrial
fibrillation in Asia Pacific countries will drive
the market growth in the future. Incidence of
atrial fibrillation (AF) has considerably
increased over the past decade in the region.
Age, smoking, obesity and sedentary lifestyles
are the major factors that potentially results
into cardiac arrhythmias. Increasing patient pool
coupled with rising treatment through
electrophysiology will further drive the business
growth over the forecast timeframe. Technological
advancements in cardiac mapping and ablation
will significantly impact the APAC
electrophysiology market growth in the upcoming
years. Product innovations including integration
of robotics in mapping systems to enable faster
tracking of EP procedures will play a vital role
in stimulating market growth. Furthermore, rising
awareness and growing adoption of catheter
ablation procedure in the region will augment the
market growth during the forecast period.
However, high cost of electrophysiology devices
and limited skilled professionals in the emerging
economies may hamper its market growth up to some
extent.
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EP diagnostic catheters segment constituted about
more than 35 revenue share in 2020. Diagnostic
EP catheters are used for diagnostic purpose EP
procedures to confirm the detection of atrial
fibrillation and determine the most appropriate
treatment. Moreover, increasing prevalence of
obesity and growing elderly population base,
surging the risk of rhythm disorders will drive
the demand for EP diagnostic procedures, thereby
favoring the segmental growth.   Atrial
tachycardia segment accounted for over USD 25
million in 2020. Increasing consumption of
drugs/alcohol, leading to infections will trigger
increase in incidence rate of atrial tachycardia.
Development of catheters for ablation of atrial
tachycardia coupled with escalating number of
procedures will further offer robust segmental
growth in foreseeable future.   Catheterization
laboratories/EP laboratories segment is expected
to progress at over 14 CAGR during the
projection period. Ability to provide varied and
technologically advanced products and presence of
skilled professionals will boost segmental
growth. Growing burden of atrial fibrillation and
other cardiac arrythmias coupled with increasing
geriatric population pool will have a significant
impact on catheterization laboratories/EP
laboratories segment growth in the foreseeable
future.   India electrophysiology market is
forecasted to grow at 13.0 CAGR during forecast
timeframe. Improving healthcare infrastructure
and entry of major market players are some of the
growth driving factors. Growing adoption of
advanced electrophysiology products along with
high prevalence of atrial fibrillation in India
will positively impact regional revenue share.
Moreover, the Asia Pacific Heart Rhythm Society
(APHRS) aims at creating infrastructure for
clinical research regarding cardiac
electrophysiology and arrhythmia in various
countries across the region, thus fostering the
market growth in the country.
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Major key players in APAC electrophysiology
market are GE Healthcare, Johnson Johnson
(Biosense Webster), Medtronic, Abbott
Laboratories, Japan Lifeline, Koninklijke Philips
N.V., and Boston Scientific Corporation among
other market players. These market players are
undertaking various market strategies such as
product innovation, mergers and acquisition
acquisitions to set their footprint in the
region. For instance, in March 2019, GE
Healthcare and Siemens Inc. joined together for
launch of cardiac CT scanner. Collaboration will
help the organization to develop and manufacture
technologically advanced product for accurate
heart imaging and diagnosis. This strategic
partnership helped the organization in increasing
product reach revenue growth. Segmentation of
Asia Pacific Pet Care Market APAC
Electrophysiology Market, By Product, 2016-2027
(USD Million) EP Ablation Catheters Radiofrequency
Ablation Catheters Cryoablation
Catheters Lasers Others EP Diagnostic
Catheters Conventional Advanced Ultrasound EP
Laboratory Devices
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APAC Electrophysiology Market, By Indication,
2016-2027 (USD Million) Ventricular
Tachycardia Atrial Fibrillation Atrial
Tachycardia APAC Electrophysiology Market, By
End-use, 2016 2027 (USD Million) Hospitals Cathe
terization Laboratories/EP laboratories Ambulatory
Surgical Centers Others The above information
is provided for the following region and
countries Asia Pacific China Japan India Australi
a South Korea Malaysia Indonesia Thailand Singapor
e
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