Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.5 Billion | USD 12 Billion | 9.6% | 2021 |
FrequentlyAsked Questions
The rise in the number of reported cardiovascular medical cases in every part of the world is expected to aid global electrophysiology market growth in the coming years. With the advancement in technologies, electrophysiology has reached new heights, for example, the latest software developed by BioSig Technology, Inc. is a step further in signal processing technology. The constant innovation in the healthcare sector is expected to help the sector reach a larger patient database as we are in a state to treat even the most complex heart-related problems.
As per Zion Market Research, the global electrophysiology market generated a revenue of $6.5 Billion in 2021 and is projected to garner a revenue of over $12 Billion by 2028 at a CAGR of 9.6% during the forecast period.
The global electrophysiology market is expected to be dominated by Asia-Pacific in the coming years largely contributed by regions like China and India. This is estimated as per the rising health concern of the population like diabetes, chronic diseases, blood pressure, and obesity. The regions are also witnessing exponential growth in the population aiding the subsequent demand for improved healthcare infrastructure.
Some of the players dominating the global electrophysiology market are Stereotaxis, Siemens Healthcare GmbH, Johnson & Johnson, Atricure Inc., Boston Scientific Corporation, Koninklijke Philips N.V., Japan LifeLine Co., Biotronik, Acutus Medical, Inc., Merit Medical Systems, and APN Health.
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