Spain Electrophysiology Devices Market Size & Outlook
Spain electrophysiology devices market, 2018-2030 (US$M)
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Spain electrophysiology devices market highlights
- The Spain electrophysiology devices market generated a revenue of USD 192.4 million in 2023 and is expected to reach USD 453.2 million by 2030.
- The Spain market is expected to grow at a CAGR of 13% 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 192.4 million |
| Market revenue in 2030 | USD 453.2 million |
| Growth rate | 13% (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, Spain accounted for 1.9% 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 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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Spain 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 44.7% in 2024. Horizon Databook has segmented the Spain 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 Spanish Heart Foundation, around 30,000 individuals in Spain die due to SCA, every year. The survival rate is low, around 5% to 10%. Due to the very low survival rate, the demand for EP devices in the country is rapidly growing.
According to the NCBI, an estimated 750,000 adults in Spain suffer from HF, with an annual incidence of 2.78/1000 individuals/year. Furthermore, around 25% of all hospitalizations recorded in the country are due to HF.
In addition, the mortality rate post utilizing HF drugs is significantly higher than in other countries. Therefore, EP devices manufacturers can readily target the market due to the device capability to reduce mortality in HF patients in the country.
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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 Spain electrophysiology devices market, including forecasts for subscribers. This country databook contains high-level insights into Spain electrophysiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain electrophysiology devices market size, by application, 2018-2030 (US$M)
Spain Electrophysiology Devices Market Share, 2024 & 2030 (US$M)
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