The US electrophysiology devices market is estimated to grow at a 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 the US. 

Further, 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.

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Moreover, the US 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 US electrophysiology devices market. Some of the players include Abbot Laboratories Inc., Johnson & Johnson, Boston Scientific Corp., Stryker Corp., GE Healthcare, and others. In Jan 2019, Abbott Laboratories Inc. received the approval for its TactiCath Contact Force Ablation Catheter, Sensor Enabled and expanded its product line of electrophysiology. The company has diversified its portfolio of cardiac ablation tools that integrate with the company's EnSite Precision cardiac mapping system to enable physicians develop more precise images of the heart during cardiac ablation procedures. With this development, the company is focusing on gaining major market share by adopting strategies of diversification to synergize the company’s portfolio and to gain a competitive edge.

Research Methodology

The market study of the US 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. US Electrophysiology Devices Market Research and Analysis by Product

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