North America Electrophysiology Catheter Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Product Type (Electrophysiology Diagnostic Catheters and Electrophysiology Ablation Catheters), Application (Diagnosis and Monitoring, Imaging and Mapping, and Treatment of Cardiac Arrhythmias), and End User (Hospitals, Ambulatory Surgical Centers, and Cardiac Catheterization Labs)


No. of Pages: 160    |    Report Code: TIPRE00026645    |    Category: Life Sciences

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North America Electrophysiology Catheter Market
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The electrophysiology catheter market in North America is expected to grow from US$ 1,601.86 million in 2021 to US$ 2,837.99 million by 2028; it is estimated to grow at a CAGR of 8.5% from 2021 to 2028.

Intra-operative magnetic resonance imaging (MRI) improves soft-tissue visualization during catheter manipulation, reducing complications, and readily visualizing the physiological change. If provided with high-quality MR images, it assists in cardiac navigation and robotic catheterization, enhancing the safety and efficiency of EP catheterization. Currently, there is no MR-compatible commercialized robotic system available in the market. However, adopting such an advanced robotic system in the future can benefit electro-physiologists in performing better while conducting cardiac ablation procedures, consequently improving the safety of catheter navigation during the EP procedure, which is further anticipated to drive the market in North America.

 

According to the report released by the American Heart Association, Inc., COVID-19 is an unprecedented challenge, severely affecting lifestyle as people struggle to follow strict regulations. In addition, COVID-19 severely affecting healthcare delivery by involving cardiac electrophysiology procedures. Most of the patients suffering from cardiovascular disease such as arrhythmias are in critical condition. To avoid such extreme situations, the US leverages virtual care and remote monitoring abilities to assure full support to patients, as electrophysiology procedure is critical for patients suffering from CVDs. Furthermore, a report by the American Heart Association, Inc. states that remote monitoring has been proven to be a powerful tool for off-site cardiac rhythm management among many EP patients with a cardiovascular implantable electronic device (CIED). Remote monitoring is one of the most effective and feasible tools among patient groups for reducing the need for non-urgent clinical visits. Furthermore, telemedicine and digital health platforms, which were limited pre-pandemic due to technical and reimbursement barriers, have proved effective during the pandemic. The centers for Medicare and Medicaid services have expanded telehealth services to keep people safe and assist healthcare providers to focus on individuals that are in the dire need of healthcare. Moreover, the Office for Civil Rights for the US Department of Health and Human Services released a notification of enforcement discretion for telehealth by allowing consultation with the use of audio or non-public facing video communication. Therefore, the accelerated trend of telehealth has been benefitting the North America electrophysiology catheter market growth throughout the pandemic period.

North America Electrophysiology Catheter Market Revenue and Forecast to 2028 (US$ Million)

North America Electrophysiology Catheter Market Revenue and Forecast to 2028 (US$ Million)
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North America Electrophysiology Catheter Strategic Insights

Strategic insights for the North America Electrophysiology Catheter provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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North America Electrophysiology Catheter Report Scope

Report Attribute Details
Market size in 2021 US$ 1,601.86 Million
Market Size by 2028 US$ 2,837.99 Million
Global CAGR (2021 - 2028) 8.5%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Product Type
  • Electrophysiology Diagnostic Catheters and Electrophysiology Ablation Catheters
By Application
  • Diagnosis and Monitoring
  • Imaging and Mapping
  • Treatment of Cardiac Arrhythmias
By End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Catheterization Labs
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • Abbott
  • APT Medical Inc.
  • Biosense Webster (Johnson and Johnson Services, Inc.)
  • Biotronik, Inc.
  • Boston Scientific Corporation
  • Medtronic
  • MicroPort Scientific Corporation
  • Stryker Corporation
  • Transonic Systems Inc.
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    North America Electrophysiology Catheter Regional Insights

    The geographic scope of the North America Electrophysiology Catheter refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    North America Electrophysiology Catheter Market Segmentation

    North America Electrophysiology Catheter Market – By

    Product

    Type

    • Electrophysiology Ablation Catheters
      • Cryoablation Electrophysiology Catheter
      • Radiofrequency Ablation Catheters
      • Microwave Ablation Systems
      • Laser Ablation Systems
    • Electrophysiology Diagnostic Catheters
      • Conventional Electrophysiology Diagnostic Catheters
      • Advanced Electrophysiology Diagnostic Catheters
      • Ultrasound Electrophysiology Diagnostic Catheters

    North America Electrophysiology Catheter Market – By

    Application

    • Diagnosis and Monitoring
    • Treatment of Cardiac Arrhythmias
    • Imaging and Mapping

    North America Electrophysiology Catheter Market – By End User

    • Hospitals
    • Ambulatory Surgical Centers
    • Cardiac Catheterization Labs

    North America Electrophysiology Catheter Market– By Country

    • US
    • Canada
    • Mexico

    North America Electrophysiology Catheter Market-Companies Mentioned

    • Abbott
    • APT Medical Inc.
    • Biosense Webster (Johnson and Johnson Services, Inc.)
    • Biotronik, Inc.
    • Boston Scientific Corporation
    • Medtronic
    • MicroPort Scientific Corporation
    • Stryker Corporation
    • Transonic Systems Inc.

    The List of Companies - North America Electrophysiology Catheter Market

    1. Abbott
    2. APT Medical Inc.
    3. Biosense Webster (Johnson and Johnson Services, Inc.)
    4. Biotronik, Inc.
    5. Boston Scientific Corporation
    6. Medtronic
    7. MicroPort Scientific Corporation
    8. Stryker Corporation
    9. Transonic Systems Inc.
    Frequently Asked Questions
    How big is the North America Electrophysiology Catheter Market?

    The North America Electrophysiology Catheter Market is valued at US$ 1,601.86 Million in 2021, it is projected to reach US$ 2,837.99 Million by 2028.

    What is the CAGR for North America Electrophysiology Catheter Market by (2021 - 2028)?

    As per our report North America Electrophysiology Catheter Market, the market size is valued at US$ 1,601.86 Million in 2021, projecting it to reach US$ 2,837.99 Million by 2028. This translates to a CAGR of approximately 8.5% during the forecast period.

    What segments are covered in this report?

    The North America Electrophysiology Catheter Market report typically cover these key segments-

    • Product Type (Electrophysiology Diagnostic Catheters and Electrophysiology Ablation Catheters)
    • Application (Diagnosis and Monitoring, Imaging and Mapping, Treatment of Cardiac Arrhythmias)
    • End User (Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Labs)

    What is the historic period, base year, and forecast period taken for North America Electrophysiology Catheter Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Electrophysiology Catheter Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in North America Electrophysiology Catheter Market?

    The North America Electrophysiology Catheter Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Abbott
  • APT Medical Inc.
  • Biosense Webster (Johnson and Johnson Services, Inc.)
  • Biotronik, Inc.
  • Boston Scientific Corporation
  • Medtronic
  • MicroPort Scientific Corporation
  • Stryker Corporation
  • Transonic Systems Inc.
  • Who should buy this report?

    The North America Electrophysiology Catheter Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Electrophysiology Catheter Market value chain can benefit from the information contained in a comprehensive market report.