Middle East & Africa Electrophysiology Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product (Electrophysiology Ablation Catheters, Electrophysiology Laboratory Devices, Electrophysiology Diagnostic Catheters, Access Devices, and Others) and Indication [Atrial Fibrillation (AF), Atrial Flutter, Wolff-Parkinson White Syndrome (WPW), Atrioventricular Nodal Reentry Tachycardia (AVNRT), and Others]
Market Report I 2022-09-23 I 138 Pages I The Insight Partners
The MEA electrophysiology market is expected to grow from US$ 359.62 million in 2022 to US$ 595.45 million by 2028; it is estimated to grow at a CAGR of 8.8% from 2022 to 2028.
Emerging markets are expected to offer significant growth opportunities to electrophysiology market players due to their growing patient population, increasing adoption of cardiogram systems, growing awareness of cardiovascular diseases, rising disposable incomes, improving healthcare infrastructure, and comparatively lenient policies compared to developed countries across the region. Emerging markets have seen a sustained increase in the number of surgical procedures over the past decade, driven by the growing target population of patients, rising cardiovascular disease-related deaths, and increasing medical tourism. Manufacturers are strategically focusing on expanding their presence in developing MEA countries to capitalize on the high growth opportunities for electrophysiology devices in emerging markets. Thus, increasing competition in well-established markets will force electrophysiology device manufacturers to focus on emerging markets in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA electrophysiology market at a substantial CAGR during the forecast period.
MEA Electrophysiology Market Revenue and Forecast to 2028 (US$ Million)
MEA Electrophysiology Market Segmentation
The MEA electrophysiology market is segmented based on product, indication, and country. Based on product, the market is segmented into electrophysiology ablation catheters, electrophysiology laboratory devices, electrophysiology diagnostic catheters, access devices, and others. The electrophysiology laboratory devices segment dominated the market in 2022 and electrophysiology ablation catheters segment is expected to be fastest growing during forecast period. Based on indication, the market is segmented into atrial fibrillation (AF), atrial flutter, atrioventricular nodal reentry tachycardia (AVNRT), wolff-parkinson-white syndrome (WPW), and others. The atrial fibrillation (AF) segment dominated the market in 2022 and is expected to be fastest growing during forecast period. Based on country, the MEA electrophysiology market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA.
Abbott; Biotronik, Inc.; Boston Scientific Corporation; CardioFocus; GE Healthcare; Johnson & Johnson Services, Inc.; Koninklijke Philips N.V.; Medtronic; MicroPort Scientific Corporation; and Siemens Healthineers AG are among the leading companies operating in the MEA electrophysiology market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Electrophysiology Market - By Product
1.3.2 MEA Electrophysiology Market - By Indication
1.3.3 MEA Electrophysiology Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Electrophysiology Market - Market Landscape
4.1 Overview
4.2 MEA PEST Analysis
4.3 Experts Opinion
5. MEA Electrophysiology Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Incidence of Target Diseases and Procedures
5.1.2 Growing Geriatric Population
5.2 Market Restraints
5.2.1 High Cost of Electrophysiology Products and Inadequate Reimbursement Process
5.3 Market Opportunities
5.3.1 Rising Number of Emerging Markets
5.4 Future Trends
5.4.1 Increasing Advancements, Product Launches, and Approvals
5.5 Impact Analysis
6. Electrophysiology Market- MEA Analysis
6.1 MEA Electrophysiology Market Revenue Forecast and Analysis
7. MEA Electrophysiology Market Analysis - By Product
7.1 Overview
7.2 MEA Electrophysiology Market, By Product, 2022 & 2028 (%)
7.3 Electrophysiology Ablation Catheters
7.3.1 Overview
7.3.2 Electrophysiology Ablation Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Electrophysiology Laboratory Devices
7.4.1 Overview
7.4.2 Electrophysiology Laboratory Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Electrophysiology Diagnostic Catheters
7.5.1 Overview
7.5.2 Electrophysiology Diagnostic Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.6 Access Devices
7.6.1 Overview
7.6.2 Access Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
8. MEA Electrophysiology Market Analysis - By Indication
8.1 Overview
8.2 MEA Electrophysiology Market Revenue Share, by Indication (2022 and 2028)
8.3 Atrial Fibrillation
8.3.1 Overview
8.3.2 Atrial Fibrillation: Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Atrial Flutter
8.4.1 Overview
8.4.2 Atrial Flutter: Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Wolff-Parkinson-White (WPW) Syndrome
8.5.1 Overview
8.5.2 Wolff-Parkinson-White (WPW) Syndrome: Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Atrioventricular Nodal Re-entry Tachycardia (AVNRT)
8.6.1 Overview
8.6.2 Atrioventricular Nodal Re-entry Tachycardia (AVNRT): Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
9. MEA Electrophysiology Market - Country Analysis
9.1 Overview
9.1.2 Middle East and Africa: Electrophysiology Market, by Country, 2022 & 2028 (%)
9.1.2.1 UAE: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
9.1.2.1.1 UAE: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
9.1.2.1.2 UAE: Electrophysiology Market, by Product, 2019-2028 (US$ 'Million)
9.1.2.1.3 UAE: Electrophysiology Market, by Indication, 2019-2028 (US$ 'Million)
9.1.2.2 Saudi Arabia: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
9.1.2.2.1 Saudi Arabia: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
9.1.2.2.2 Saudi Arabia: Electrophysiology Market, by Product, 2019-2028 (US$ 'Million)
9.1.2.2.3 Saudi Arabia: Electrophysiology Market, by Indication, 2019-2028 (US$ 'Million)
9.1.2.3 South Africa: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
9.1.2.3.1 South Africa: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
9.1.2.3.2 South Africa: Electrophysiology Market, by Product, 2019-2028 (US$ 'Million)
9.1.2.3.3 South Africa: Electrophysiology Market, by Indication, 2019-2028 (US$ 'Million)
9.1.2.4 Rest of Middle East and Africa: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
9.1.2.4.1 Rest of Middle East and Africa: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
9.1.2.4.2 Rest of Middle East and Africa: Electrophysiology Market, by Product, 2019-2028 (US$ 'Million)
9.1.2.4.3 Rest of Middle East and Africa: Electrophysiology Market, by Indication, 2019-2028 (US$ 'Million)
10. MEA Electrophysiology Market-Industry Landscape
10.1 Overview
10.2 Organic Developments
10.2.1 Overview
10.2.2 Organic Growth Strategies in The Electrophysiology Market, 2022-2028
10.3 Inorganic Developments
10.3.1 Overview
10.3.2 Inorganic Growth Strategies in The Electrophysiology Market, 2022-2028
11. Company Profiles
11.1 Abbott
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Biotronik, Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Boston Scientific Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 CardioFocus.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 GE Healthcare
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Koninklijke Philips N.V.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Johnson & Johnson Services, Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Medtronic
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 MicroPort Scientific Corporation
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Siemens Healthineers AG
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Electrophysiology Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. UAE: Electrophysiology Market, by Product - Revenue and Forecast to 2028 (US$ 'Million)
Table 3. UAE: Electrophysiology Market, by Indication - Revenue and Forecast to 2028 (US$ 'Million)
Table 4. Saudi Arabia: Electrophysiology Market, by Product - Revenue and Forecast to 2028 (US$ 'Million)
Table 5. Saudi Arabia: Electrophysiology Market, by Indication - Revenue and Forecast to 2028 (US$ 'Million)
Table 6. South Africa: Electrophysiology Market, by Product - Revenue and Forecast to 2028 (US$ 'Million)
Table 7. South Africa: Electrophysiology Market, by Indication - Revenue and Forecast to 2028 (US$ 'Million)
Table 8. Rest of Middle East and Africa: Electrophysiology Market, by Product - Revenue and Forecast to 2028 (US$ 'Million)
Table 9. Rest of Middle East and Africa: Electrophysiology Market, by Indication - Revenue and Forecast to 2028 (US$ 'Million)
Table 10. Recent Organic Growth Strategies in The Electrophysiology Market
Table 11. Recent Inorganic Growth Strategies in The Electrophysiology Market
Table 12. Glossary of Terms
LIST OF FIGURES
Figure 1. MEA Electrophysiology Market Segmentation
Figure 2. MEA Electrophysiology Market, By Country
Figure 3. MEA Electrophysiology Market Overview
Figure 4. Electrophysiology Laboratory Devices Segment Held Largest Share of Product in Electrophysiology Market
Figure 5. South Africa is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Middle East and Africa: PEST Analysis
Figure 7. Experts Opinion
Figure 8. MEA Electrophysiology Market Impact Analysis of Driver and Restraints
Figure 9. MEA Electrophysiology Market- Revenue Forecast and Analysis - 2020- 2028
Figure 10. MEA Electrophysiology Market, by Product, 2022 & 2028 (%)
Figure 11. MEA Electrophysiology Ablation Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 12. MEA Electrophysiology Laboratory Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. MEA Electrophysiology Diagnostic Catheters: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. MEA Access Devices: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. MEA Others: Electrophysiology Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. MEA Electrophysiology Market Revenue Share, by Indication (2022 and 2028)
Figure 17. MEA Atrial Fibrillation: Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Atrial Flutter: Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Wolff-Parkinson-White (WPW) Syndrome: Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Atrioventricular Nodal Re-entry Tachycardia (AVNRT): Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Others: Electrophysiology Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Middle East and Africa: Electrophysiology Market, by Key Country - Revenue (2022) (US$ 'Million)
Figure 23. Middle East and Africa: Electrophysiology Market, by Country, 2022 & 2028 (%)
Figure 24. UAE: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
Figure 25. Saudi Arabia: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
Figure 26. South Africa: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
Figure 27. Rest of Middle East and Africa: Electrophysiology Market - Revenue and Forecast to 2028 (US$ 'Million)
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