Navigation Links
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.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36799LOGO)

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 number of small companies have developed cutting-edge technologies, but lack the funds for a widescale product launch, creating opportunities for acquisitions by larger firms. For example, St. Jude Medical recently announced its acquisition of Endosense, which manufactures a force-sensing ablation catheter."

Some factors do hinder growth. Cost-containment measures by governments continue to put downward pressure on pricing. For example, China recently instituted a new tendering system, which negatively affected pricing in 2012. In Brazil, India and Russia, EP diagnostic catheter reuse is a common method of reducing the costs associated with the procedures. Overall, however, these factors will be offset by economic growth, allowing the market to reach a value of approximately $730 million by 2022.

Millennium Research Group's BRIC Markets for Electrophysiology Mapping and Ablation Devices 2014 report includes unit, procedure, average selling price and revenue information, along with market drivers and limiters and a competitive landscape for conventional diagnostic catheters, advanced diagnostic catheters, radiofrequency ablation catheters and cryoablation catheters in Brazil, China, India and Russia.

About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at www.DecisionResourcesGroup.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Christopher Comfort
Decision Resources Group
781-993-2597
ccomfort@dresources.com

Alex Jablokow
Millennium Research Group
617-599-8613
ajablokow@mrg.net


'/>"/>
SOURCE Millennium Research Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Brazilian, Indian and Chinese Orthopedic Markets to See Strong Growth Through 2017
2. Lilly to host investment community meeting at its Indianapolis headquarters on Thursday, October 3, 2013
3. Lilly Statement on Indiana Biosciences Research Institute
4. Contract Manufacturer RMI hosts Central Indiana Jobs Roundtable with U.S. Senator Joe Donnelly
5. CHPA Statement on Statewide Indiana Consumer Poll
6. 50 Indian Companies to Collectively Invest $500 Million in US Market
7. The Indian Pharmaceutical Industry 2013: Coming of Age in a Global Market
8. Indian Pharmaceutical Market Outlook - Enhanced purchasing power, rural market penetration and expanded access to healthcare attracting Big Pharma investment
9. Eminent Members of Global and Indian Community to Celebrate Rolex Awards at Gala New Delhi Ceremony
10. Lilly to Expand Indianapolis Insulin Manufacturing Operations
11. Henry Schein Chairman and CEO Stanley M. Bergman Honored By Hispanic Dental Association, National Dental Association and Society of American Indian Dentists
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... -- According to market research "Global Insulin ... Forecast to 2022 - Industry Insights by Type (Insulin ... P&S Market Research, the global insulin delivery device market ... is expected to grow at a CAGR of 6.6% ... is expected to witness the fastest growth at a ...
(Date:5/25/2016)... England , May 25, 2016 ... company employing the precision of circulating tumour DNA ... today announces the appointment of Professor Clive ... provide medical leadership across the clinical development programme, ... Inivata,s products help deliver significant improvements in clinical ...
(Date:5/24/2016)... 24, 2016   , ... in overall bowel cleansing and superiority in ... leansing of the ascending ... , Norgine B.V. today announced new positive data from ... ascorbate bowel preparation) versus standard 2 litre PEG with ascorbate. The ...
Breaking Medicine Technology:
(Date:5/26/2016)... ... May 26, 2016 , ... Connor Sports, through its Connor ... for the Tamika Catchings Legacy Tour that will commemorate the Indiana Fever ... basketball surfaces in all forms and levels of the game, Connor Sports has committed ...
(Date:5/26/2016)... , ... May 26, 2016 , ... The Woodlands ... offering a new model of care for living and healing, celebrated its grand ... Meaningful Life in a Real Home provided by Empowered Staff. , “This is an ...
(Date:5/26/2016)... ... ... There are nearly 14.5 million people living with and beyond cancer in the ... 2016, communities around the world will gather to recognize these cancer survivors as part ... is an annual worldwide Celebration of Life that is held on the first Sunday ...
(Date:5/26/2016)... ... May 26, 2016 , ... Catalent Pharma Solutions, the leading ... health and global clinical supply services, today announced two key appointments and the ... investment and strategic growth plans in the Asia Pacific region. , Howard Kim ...
(Date:5/26/2016)... ... May 26, 2016 , ... An April Gallup survey ... , The 550 employees of Sun Health Senior Living (SHSL) may not ... reduces their doctor and prescription copays for the year, while holding the line on ...
Breaking Medicine News(10 mins):