India Electrophysiology Devices Market Size & Outlook
India electrophysiology devices market, 2018-2030 (US$M)
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India electrophysiology devices market highlights
- The India electrophysiology devices market generated a revenue of USD 327.3 million in 2023 and is expected to reach USD 931.4 million by 2030.
- The India market is expected to grow at a CAGR of 16.1% 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 327.3 million |
| Market revenue in 2030 | USD 931.4 million |
| Growth rate | 16.1% (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, India accounted for 3.3% 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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India 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 47.17% in 2024. Horizon Databook has segmented the India 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 cardiac arrhythmias, are a leading cause of morbidity and mortality in India. Factors such as urbanization, unhealthy dietary habits, and the rising prevalence of risk factors like hypertension & diabetes contribute to the growing burden of CVDs.
As a result, there is a high demand for EP devices for diagnosing and treating cardiac arrhythmias. According to the National Crime Records Bureau, there is a notable 12.5% rise in the number of fatalities due to heart attacks in 2022 compared to the preceding year.
The report highlights that 32,457 people succumbed to heart attacks in 2022, marking a significant increase from the 28,413 deaths in 2021. Patients who have experienced a heart attack and are at high risk of recurrent arrhythmias or sudden cardiac death require secondary prevention strategies, which often involve the implantation of EP devices.
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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 India electrophysiology devices market, including forecasts for subscribers. This country databook contains high-level insights into India electrophysiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India electrophysiology devices market size, by application, 2018-2030 (US$M)
India Electrophysiology Devices Market Share, 2024 & 2030 (US$M)
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