South Africa Electrophysiology Devices Market Size & Outlook
South Africa electrophysiology devices market, 2018-2030 (US$M)
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South Africa electrophysiology devices market highlights
- The South Africa electrophysiology devices market generated a revenue of USD 55.5 million in 2023 and is expected to reach USD 106.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.7% 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 55.5 million |
| Market revenue in 2030 | USD 106.0 million |
| Growth rate | 9.7% (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, South Africa accounted for 0.6% 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 Middle East & Africa, South Africa electrophysiology devices market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 100.4 million by 2030.
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Electrophysiology Devices Market Scope
Electrophysiology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 48.11% in 2024. Horizon Databook has segmented the South Africa 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 South African EP devices market is growing with various opportunities for established players and new entrants. The market is driven by increasing demand for minimally invasive procedures and technological advancements.
However, the high cost of these devices and the need for more skilled professionals are some of the factors that hinder market growth in the country. The major players operating in the market include Boston Scientific Corporation, Micropace EP, Abbott Laboratories, Biosense Webster, Inc., Medtronic plc, and St. Jude Medical, Inc.
These players are focusing on strategic partnerships & collaborations to expand their product portfolio and strengthen their market position. In addition, the market in South Africa is witnessing significant growth due to the increasing burden of CVDs in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa electrophysiology devices market, including forecasts for subscribers. This country databook contains high-level insights into South Africa electrophysiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa electrophysiology devices market size, by application, 2018-2030 (US$M)
South Africa Electrophysiology Devices Market Share, 2024 & 2030 (US$M)
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