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Diagnostic Electrophysiology Devices Market - Segmentation Analysis and Forecasts by Technavio
[September 20, 2017]

Diagnostic Electrophysiology Devices Market - Segmentation Analysis and Forecasts by Technavio


According to the latest market study released by Technavio, the global diagnostic electrophysiology devices market is expected to grow at a CAGR of more than 7% through 2021.

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Technavio has published a new report on the global diagnostic electrophysiology devices market from ...

Technavio has published a new report on the global diagnostic electrophysiology devices market from 2017-2021. (Graphic: Business Wire)

This research report titled 'Global Diagnostic Electrophysiology Devices Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

The global diagnostic EP devices market is expected to grow during the forecast period. This will be due to the increasing incidence of CVDs and neurological disorders. The increasing incidence of cardiac arrhythmias is a major factor that drives the growth of the market. The increasing consumption of alcohol and tobacco and the increasing prevalence of hypertension are increasing the incidence of cardiac arrhythmias.

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Technavio's analysts categorize the global diagnostic electrophysiology devices market into five major segments by product type. They are:

  • X-ray systems
  • Electrocardiogram (ECG) devices
  • Diagnostic electrophysiology (EP) catheters
  • Electromyography (EMG) devices
  • Electroencephalogram (EEG) devices

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The top three segments based on product type of the global diagnostic electrophysiology devices market are discussed below:


X-ray systems

X-ray systems include analog and digital X-ray systems. The market is dominated by digital X-ray systems due to their efficiency, accuracy, and faster delivery of results. Conventional X-ray systems are being replaced by handheld X-ray systems, robotic imaging systems, and real-time anatomic visualization systems.

According to Srinivas Sashidhar, a lead in-vitro diagnostics research analyst from Technavio, "The global X-ray systems market is expected to grow steadily during the forecast period. The advent of new devices and advances in technology are expected to drive the growth of the market. For instance, the advent of real-time anatomic visualization is expected to drive the growth of the market."

ECG devices

ECG devices are used to monitor the electrical activity of the heart. ECG is a non-invasive (NI) procedure that is used for the diagnosis of heart diseases. The rising incidence of CVDs has increased the adoption of ECG devices. ECG devices include resting ECGs, stress testing, event recorders, and Holter monitoring systems.

"The global ECG devices market is expected to grow rapidly during the forecast period. The sales of resting ECG and Holter monitoring systems are expected to increase during the forecast period. The Americas is the highest contributor of revenue to the global ECG devices market. This is due to the rising incidence of CVDs and the introduction of advanced ECG monitoring devices," says Srinivas.

Diagnostic EP catheters

Diagnostic EP catheters are specialized catheters that are used for diagnosis during EP procedures. They are positioned for endocardial recording through the transmission of electrical impulses. The key vendors are Boston Scientific, Medtronic, St. Jude Medical, and C. R. Bard. Stryker is engaged in the reprocessing of diagnostic EP catheters.

The increase in the number of interventional cardiac procedures has increased the sales of diagnostic EP catheters. The global diagnostic EP catheters market is expected to grow rapidly during the forecast period. This is due to the increased prevalence of CVDs.

The top vendors highlighted by Technavio's research analysts in this report are:

  • Boston Scientific
  • GE Healthcare
  • Philips (News - Alert) Healthcare
  • St. Jude Medical

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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