Australia Electrophysiology Devices Market Size & Outlook
Australia electrophysiology devices market, 2018-2030 (US$M)
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Australia electrophysiology devices market highlights
- The Australia electrophysiology devices market generated a revenue of USD 239.5 million in 2023 and is expected to reach USD 625.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 14.7% from 2024 to 2030.
- In terms of segment, ablation catheters was the largest revenue generating device in 2023.
- Ablation Catheters is the most lucrative device segment registering the fastest growth during the forecast period.
Electrophysiology devices market data book summary
| Market revenue in 2023 | USD 239.5 million |
| Market revenue in 2030 | USD 625.3 million |
| Growth rate | 14.7% (CAGR from 2023 to 2030) |
| Largest segment | Ablation catheters |
| Fastest growing segment | Ablation Catheters |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Catheters, Laboratory Devices, Access Devices, Ablation Catheters |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, Abbott Laboratories, Johnson & Johnson, BIOTRONIK, GE Aerospace, Siemens Healthineers AG ADR, MicroPort Scientific Corp, Koninklijke Philips NV |
Other key industry trends
- In terms of revenue, Australia accounted for 2.4% of the global electrophysiology devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China electrophysiology devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 931.4 million by 2030.
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Electrophysiology Devices Market Scope
Electrophysiology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia electrophysiology devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electrophysiology devices market will help companies and investors design strategic landscapes.
Ablation catheters was the largest segment with a revenue share of 43.88% in 2024. Horizon Databook has segmented the Australia electrophysiology devices market based on diagnostic catheters, laboratory devices, access devices, ablation catheters covering the revenue growth of each sub-segment from 2018 to 2030.
CVDs, including conditions such as AFib, VT, and other arrhythmias, are prevalent in Australia. These conditions can lead to adverse health outcomes, including strokes and sudden cardiac death. According to the Australian Institute of Health and Welfare, CVD was the underlying cause of 42,700 deaths (25% of all deaths) in 2021.
As a result, there is a growing demand for EP devices to diagnose and manage these cardiac arrhythmias. The government in Australia actively supports the advancement of cardiovascular devices by providing financial assistance to accelerate clinical trials.
For instance, in February 2021, a grant of USD 200,000 was awarded to the Australian Cardiovascular Alliance (ACvA) to enhance Australia’s involvement in these trials.
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Our clientele includes a mix of electrophysiology devices market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia electrophysiology devices market, including forecasts for subscribers. This country databook contains high-level insights into Australia electrophysiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia electrophysiology devices market size, by application, 2018-2030 (US$M)
Australia Electrophysiology Devices Market Share, 2024 & 2030 (US$M)
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