US Electrophysiology Devices Market: Opportunity Analysis and Market Assessment to 2015

The US electrophysiology diagnostic catheters market valued at $510.6 million in 2008, is forecast to grow by 13.2% annually during 2008-2015 to reach $1,215.5 million in 2015.
 
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Tags:
* Electrophysiology
* Medical Equipment
* Healthcare

Industrys:
* Health
* Medical

Location:
* England

Sept. 18, 2009 - PRLog -- High incidence of sudden cardiac arrest, increase in the arrhythmia population and the increasing use of robotic guided catheters during the diagnostic procedures are expected to have a positive impact on the diagnostic catheters market. The need to reduce the diagnostic procedure time, improve the success rate and decrease human exposure to radiation is expected to drive technological innovations in the future.

The electrophysiology ablation catheters market is forecast to reach $439.5 million in 2015 with an annual growth rate of 10%. The expanded use of electrophysiology catheter ablation procedure for treatment of atrial fibrillation and ventricular tachycardia is expected to significantly add to the growth of the electrophysiology market. On February 6, 2009, Biosense Webster received FDA approval for its NaviStar ThermoCool Catheter (Ablation Catheter) designed to treat atrial fibrillation.

The US market for electrophysiology lab systems is forecast to reach $200.8 million in 2015 with an annual growth rate of 2.9% from 2008 to 2015. The current economic downturn is expected to have a lasting effect on capital equipment markets like electrophysiology lab systems. Limited availability of funds and reduced hospital budgets are cited as the main reasons for the decline in the sales of the electrophysiology lab systems.

Five significant acquisitions were carried out in the electrophysiology market in the last two years. Medtronic acquired Ablation Frontiers on February 6, 2009 and Cryocath Technologies on December 19, 2008. In 2008, St. Jude Medical acquired EP MedSystems, Inc and Boston Scientific acquired Cryocor, Inc. The increasing number of acquisitions in the electrophysiology market is a strong indication of the fact that companies are targeting the inorganic approach as a key growth strategy in this market. Interest in acquiring small companies is stemming from the fact that pipeline products expand their product portfolio, improve their market share and provide them with an opportunity of being a first entrant in a niche market segment.  

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Tags:Electrophysiology, Medical Equipment, Healthcare
Industry:Health, Medical
Location:England
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