UK Electrophysiology Devices Market Size & Outlook
UK electrophysiology devices market, 2018-2030 (US$M)
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UK electrophysiology devices market highlights
- The UK electrophysiology devices market generated a revenue of USD 256.5 million in 2023 and is expected to reach USD 602.4 million by 2030.
- The UK 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 256.5 million |
| Market revenue in 2030 | USD 602.4 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, UK accounted for 2.5% 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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UK 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 46.43% in 2024. Horizon Databook has segmented the UK 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 EP Devices market in the UK has been growing in recent years, which can be attributed to the increasing prevalence of cardiac disorders, such as AFib and Congenital Heart Diseases (CHDs), requiring the use of EP devices for diagnosis & treatment.
As per the British Heart Foundation, in 2022, a total number of 174,884 people died due to CVDs in the UK. Moreover, the growing aging population in the country has also contributed to the rise in demand for EP devices. According to the Office for National Statistics, UK, 3.3 million people aged 65 years and over were living in Wales and England in 2021.
The UK has a growing preference for minimally invasive EP procedures, such as catheter ablation. The increasing demand for minimally invasive procedures drives the market for EP devices used in these interventions.
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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 UK electrophysiology devices market, including forecasts for subscribers. This country databook contains high-level insights into UK electrophysiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK electrophysiology devices market size, by application, 2018-2030 (US$M)
UK Electrophysiology Devices Market Share, 2024 & 2030 (US$M)
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