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Brazilian, Russian, Indian and Chinese Markets For Electrophysiology Mapping and Ablation Devices Will See Rapid Growth Through 2022
Date:10/2/2013

TORONTO, Oct. 2, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the expanding economies of Brazil, Russia, India and China will lead to rapid growth in the electrophysiology (EP) mapping and ablation device market. Specifically, economic growth has led to increased government reimbursement for EP procedures, a greater number of electrophysiologists capable of performing these procedures, improved access to private insurance and higher incomes that will allow more patients without insurance to afford to pay for the procedures out-of-pocket.

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In addition, the increasingly unhealthy lifestyles associated with economic expansion will lead to a rise in risk factors for cardiac arrhythmias, driving an increased need for EP procedures. Awareness of these risk factors will also rise as a result of increased access to medical services, leading more patients to seek out treatment for symptoms that previously went undiagnosed.

In particular, atrial fibrillation (AF) is the most common form of cardiac arrhythmia, and the increasing prevalence of this condition will represent the primary driver of EP procedure volume growth through 2022. Moreover, because devices used for the AF indication are more technologically advanced than other devices, they command a higher price. As a result, adoption of these premium-priced devices will contribute significantly to market expansion in many global markets, fostering significant interest from competitors.

"Mergers and acquisitions are a key strategy in the global EP mapping and ablation device market," said MRG Manager Julie McLaughlin. "A
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SOURCE Millennium Research Group
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