Global electrophysiology devices market is expected to reach USD 6.19 billion by 2020, according to a new study by Grand View Research, Inc. Increasing incidence rates of cardiac arrhythmias clubbed with growing global geriatric population base are some major drivers of this market. Though still in the budding stage, the electrophysiology devices market has witnessed a significant rise in usage rates in the recent times, with physicians increasingly gaining experience in ablation and diagnostics techniques. Introduction of technological advancements such as the development of nanostim leadless pacemaker, improvements in catheter diagnostics and imaging modalities are also expected to improve device usage rates.
Diagnostic electrophysiology catheters are expected to grow at a healthy rate of over 15.0% during the forecast period. Rapid growth witnessed in this segment is attributed to catheter ablation becoming the first line of treatment for many rhythm disorders owing to its ability to render success rates of over 95.0%.
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