Electrophysiology devices market to grow 9% annually
The prevalence of diseases in India and China is expected to raise demand for the devices.
The compound annual growth rate (CAGR) of Asia’s electrophysiology devices market is expected to rise 9% from 2019 to 2027, with India, China and Japan driving the boost, according to Transparency Market Research.
The report reckons that increasing prevalence of cardiovascular diseases in India and China and early diagnosis as well as improving economic conditions will fuel the region’s electrophysiology devices market.
The increased incidence of cardiac arrhythmias, which affected nearly 8 million in China in 2016, is also expected to boost the growth of the market.
Other technological advancements are also expected to spur increased demand for devices in the market.
Upgraded devices such as MRI-compatible pacemakers, irrigated-tip catheters, 3D mapping systems, real-time digital Holter monitors, and steerable curve diagnostic catheters will cut treatment time, attracting patient usage.
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