The North American electrophysiology devices market is estimated to grow at a moderate CAGR around 8% during the forecast period. The growth of the market is attributed to the increasing cases of heart failure and arrhythmia coupled with the presence of well-established healthcare facilities in the region. Further, technical advancements resulted in the high adoption of the electrophysiology device and increasing catheter ablation centers and hence increasing procedures, which in turn, is driving the market growth in North America. According to WHO, the incidence & prevalence rate of a heart attack is the highest in North America which causes 0.7 million fatalities each year. 

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The North America electrophysiology devices market is segmented into the US and Canada. The US holds the highest market share in the North American market. The electrophysiology market in the US is projected to grow substantially over the forecast period. Presence of healthcare giants such as Boston Scientific Corp. Abbott Laboratories Inc. and others are offering electrophysiology devices for the diagnosis and treatment of heart diseases, increasing prevalence of cardiac arrhythmias, and favorable medical reimbursement scenarios are some of the major factors contributing to the growth of the market in the US.

Further, the North American electrophysiology devices market is segmented on the basis of product and application. Based on the product, the market is segmented into electrophysiology monitoring devices, electrophysiology laboratory devices, electrophysiology treatment devices, electrophysiology catheter. The electrophysiology monitoring devices segment held the largest share. The monitoring devices include electrocardiography, electrocorticography, and electrooculography. Electrophysiology laboratory devices covered in the report include recording systems, X-ray devices, and 3D mapping systems. Further, electrophysiology treatment devices include pacemaker and CRT devices. Based on end-user the market is further segregated into hospitals & clinics and ambulatory surgical centers. The hospitals & clinics segment held the largest share.

The report covers the analysis of several players operating in the North American electrophysiology devices market. Some of the players include Abbot Laboratories Inc., Johnson & Johnson, Boston Scientific Corp., Stryker Corp., GE Healthcare, and others. These companies are actively working towards new developments in the electrophysiology landscape. For instance, in February 2019, Johnson & Johnson Institute established a partnership with the electrophysiology community for fighting the growing epidemic of AFib. This partnership includes over 900 members of the electrophysiology community with an aim to reflect the latest developments, research, and perspectives in the diagnosis and treatment of AFib. This will enable the company to conduct R&D for the development of much reliable, safer and efficient electrophysiology products.

Research Methodology

The market study of the North American electrophysiology devices market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Authentic public databases such as the American Heart Association, WHO, World Bank, and the National Institutes of Health.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for electrophysiology device manufacturers, medical device companies, healthcare organizations, research institutes and academics, investing companies, potential investors, government organizations and regulatory agencies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, different products, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. North American Electrophysiology Devices Market Research and Analysis by Product

2. North American Electrophysiology Devices Market Research and Analysis by End-User