China Electrophysiology Devices Market Size & Outlook
China electrophysiology devices market, 2018-2030 (US$M)
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China electrophysiology devices market highlights
- The China electrophysiology devices market generated a revenue of USD 699.4 million in 2023 and is expected to reach USD 1,877.0 million by 2030.
- The China market is expected to grow at a CAGR of 15.1% 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 699.4 million |
| Market revenue in 2030 | USD 1,877.0 million |
| Growth rate | 15.1% (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, China accounted for 6.9% 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 |
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China 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 47.6% in 2024. Horizon Databook has segmented the China 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.
The prevalence of cardiac arrhythmias in China is increasing due to factors such as the aging population, sedentary lifestyles, and rising rates of obesity & hypertension. For instance, AFib, one of the most common cardiac arrhythmias, is on the rise in China.
This growing disease burden drives the demand for EP devices for diagnosis and treatment. Collaborations between domestic Chinese companies and international medical device manufacturers facilitate technology transfer & knowledge exchange.
International companies bring advanced technologies & expertise in EP device development, while local companies provide insights into the specific needs & preferences of the Chinese market. This collaboration fosters innovation and the development of EP devices tailored to the Chinese healthcare landscape.
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Target buyers of China electrophysiology devices market databook
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Our clientele includes a mix of electrophysiology devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China electrophysiology devices market, including forecasts for subscribers. This country databook contains high-level insights into China electrophysiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China electrophysiology devices market size, by application, 2018-2030 (US$M)
China Electrophysiology Devices Market Share, 2024 & 2030 (US$M)
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