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The Chinese Electrophysiology Device Market Will See an Annual Procedure Growth of 20 Percent
Date:9/12/2013

TORONTO, Sept. 12, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, electrophysiology catheter ablation is a rapidly growing procedure in China. MRG predicts that the Chinese electrophysiology market will grow approximately 20 percent in 2013, based on the largest available sampling of ablation procedures.

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Following coronary angioplasty, electrophysiology catheter ablation is the second most commonly performed cardiovascular intervention in China. According to the Ministry of Health registry for cardiovascular interventions, 74,400 catheter ablations occurred in mainland China in 2012, but this number excludes procedures at military hospitals. Taking these additional procedures into account, MRG estimates that more than 100,000 EP catheter ablation procedures will be performed in China in 2013.

In contrast to the Chinese market for coronary stents used in coronary angioplasty, where local players dominate, the electrophysiology catheter market is led by multinational manufacturers. Local Chinese companies have approximately 10 percent of the market, with Microport having the largest share. Among multinational companies, JNJ Biosense Webster is leading the market, with St. Jude second, and Medtronic third. Boston Scientific announced the acquisition of Bard's electrophysiology business in June 2013, which will give the company a significant market share and put it on a more equal footing with leading competitors.

"The electrophysiology market in China is the second largest cardiac market in terms of numbers of procedures," said MRG Project A
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SOURCE Millennium Research Group
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