North America Electrophysiology Devices Market Size & Outlook
North America electrophysiology devices market, 2018-2030 (US$M)
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North America electrophysiology devices market highlights
- The North America electrophysiology devices market generated a revenue of USD 4,862.4 million in 2023.
- The market is expected to grow at a CAGR of 14% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 4,862.4 million |
| Market revenue in 2030 | USD 12,192.5 million |
| Growth rate | 14% (CAGR from 2023 to 2030) |
| Largest segment | Ablation catheters |
| Fastest growing segment | Ablation Catheters |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 48.3% of the global electrophysiology devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,689.6 million by 2030.
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Electrophysiology Devices Market Scope
Electrophysiology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 45.14% in 2024. Horizon Databook has segmented the North America 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.
North America faces a significant burden of Cardiovascular Diseases (CVDs), such as Heart Failure (HF), cardiac arrest, and cardiac arrhythmias, which can be attributed to factors like unhealthy lifestyles, smoking, and an aging population.
As the prevalence of these conditions rises, the demand for Electrophysiology (EP) devices used in diagnosis and treatment increases. Compared to several regions, North America has well-established healthcare systems with insurance coverage for various medical procedures using EP devices.
This financial support makes these procedures more accessible to patients, fostering market growth. Early detection and intervention for CVDs are crucial for improved patient outcomes. EP devices play a vital role in early diagnosis through tools like cardiac mapping and electrophysiological testing, further propelling the market growth.
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Our clientele includes a mix of electrophysiology devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America electrophysiology devices market, including forecasts for subscribers. This continent databook contains high-level insights into North America electrophysiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America electrophysiology devices market size, by country, 2018-2030 (US$M)
North America Electrophysiology Devices Market Share, 2024 & 2030 (US$M)
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