Norway Electrophysiology Devices Market Size & Outlook
Norway electrophysiology devices market, 2018-2030 (US$M)
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Norway electrophysiology devices market highlights
- The Norway electrophysiology devices market generated a revenue of USD 45.5 million in 2023 and is expected to reach USD 101.5 million by 2030.
- The Norway market is expected to grow at a CAGR of 12.1% 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 45.5 million |
| Market revenue in 2030 | USD 101.5 million |
| Growth rate | 12.1% (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, Norway accounted for 0.5% 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 Europe, Germany electrophysiology devices market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 571.9 million by 2030.
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Electrophysiology Devices Market Scope
Electrophysiology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Norway 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 45.49% in 2024. Horizon Databook has segmented the Norway 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.
According to the Norwegian Cardiac Arrest Registry’s annual report 2021, the incidence of cardiac arrests in Norway was around 86 per 100,000 individuals per year. Around 4,639 out-of-hospital cardiac arrest cases were reported in 2021.
In addition, 21% of the population suffered from CVDs. Moreover, as per MedTech Europe 2020, the country’s biventricular device usage was 91 units/million individuals. Furthermore, a favorable healthcare coverage policy aids market growth.
For instance, the country has a universal healthcare facility for its population, and the benefits offered cover a range of medical services. In addition, 85.5% of health expenditure is funded from public sources. With substantial healthcare spending, Norway allocates resources toward acquiring advanced medical technologies, including 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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Horizon Databook provides a detailed overview of country-level data and insights on the Norway electrophysiology devices market, including forecasts for subscribers. This country databook contains high-level insights into Norway electrophysiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway electrophysiology devices market
Norway Electrophysiology Devices Market Share, 2024 & 2030 (US$M)
Norway electrophysiology devices market
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