March 2018. Biosense Webster launched CARTO 3 System CARTO VISITAG module with
ablation index for simplification and standardization in electrophysiology procedures in March
2017. Product innovation and launches are expected to support the growth of the global
electrophysiology devices market over the forecast period.
However, high costs of these devices, one time installation, strict regulations, alternative
therapies, and high instances of product recall are expected to hamper the growth of the
market.
Electrophysiology Devices Market Insights
On the basis of region, North America and Europe are expected to show significant growth in
the electrophysiology devices market over the forecast period. North America has the presence
of leading manufacturers who are indulged in research and development of these devices.
Manufacturers such as Boston Scientific Corporation (U.S.) and St. Jude Medical offer innovative
products in the electrophysiology market. North America market is expected to witness
significant growth, owing to inorganic growth strategies adopted by manufacturers such as
acquisitions. For instance, in 2017, Boston Scientific Corporation announced acquisition of
Apama Medical to strengthen electrophysiology portfolio. Asia Pacific region is expected to
show significant growth, owing to high prevalence of cardiovascular disease and increasing
availability of advanced electrophysiology devices in the region.
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Key players operating in the electrophysiology devices market include Siemens AG, Boston
Scientific Corporation, Abbott Laboratories, GE Healthcare, Biotronik SE & Co.KG, Biosense
Webster, Inc., Philips Healthcare, and MicroPort Scientific Corporation.
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