Key vendors to engage in partnerships and M&As for product line extension
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global electrophysiology devices market in their latest research report. This report also lists 19 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of EP devices, which are used for cardiac rhythm management and other related medical conditions.
This Technavio report, under the orthopedics and general medicine vertical, is based on the synthesis, analysis, and interpretation of information about the global electrophysiology devices market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for electrophysiology devices is highly fragmented in nature. The market is characterized by the presence of large-, medium-, and small-sized companies. Advances in technology and product upgradation is expected to intensify the competition in the market during the forecast period. Vendors in the market are likely to engage in M&As and partnerships for expansion of their product lines. Some companies in the market space are also collaborating with academic institutions and investing in research programs.
“Technological advancements such as the development of leadless pacemakers are revolutionizing the global market for electrophysiology. Leadless pacemakers are developed to reduce the risk of pocket infections, lead dislodgement, fracture or perforation, and extrusion of the pacemaker through the skin. In April 2016, the US FDA approved the first leadless pacemaker, the Micra Transcatheter Pacing System by Medtronic. The device has cleared the FDA trial with success rate of a clinical trial on 715 patients,” says Barath Palada, a lead analyst at Technavio for orthopedics and general medicine.
Top five vendors in the electrophysiology devices market space
Boston Scientific
Boston Scientific engages in the distribution of products through the interventional cardiology and peripheral interventions segment. The product services are provided in the Americas, EMEA, and APAC. The company has operations in more than 100 countries including in the US, the UK, Germany, India, China, and Japan. Boston Scientific has a direct sales presence in over 100 countries and distribution arrangements in other countries spread across the Americas, Western Europe, Central Eastern Europe, Asia and Oceania, and Middle East and Africa.
Key products: DYNAGEN X4 cardiac resynchronization therapy defibrillator (CRT-D), LABSYSTEM PRO EP recording system, RHYTHMIA mapping system, METRIQ pump cardiac ablation system, BLAZER PRIME temperature ablation catheter, and BLAZER open irrigated temperature ablation catheter.
GE Healthcare
GE Healthcare provides its products in developing and emerging markets. The company specializes in products for medical imaging, software and information technology, patient monitoring, diagnostics, and others. The company has operations in more than 100 countries, majorly in the US, the UK, Germany, India, China, and Japan.
Key products: CardioLab IT EP recording system, CardioLab XT EP recording system, MAC 800, MAC 2000, and CASE- stress/exercise testing ECG.
Medtronic
Medtronic provides products in the different business areas, such as cardiac and vascular, minimally invasive therapies, restorative therapies, and diabetes group. The company has operations in more than 100 countries, majorly in the US, the UK, Germany, India, China and Japan. In FY2015, the company launched its Medtronic academy in association with the University of Sharjah in Dubai. The academy provides cardiac care and product training to physicians.
Key products: 4 mm RF Conductr (Multi-Curve) Series ablation catheters, Visia AF MRI VR ICDs, Micra pacemaker, Adapta with MVP pacemaker, and PEAK PlasmaBlade device.
Philips Healthcare
Philips Healthcare engages in the manufacture and marketing of a wide range of diagnostic imaging systems, healthcare IT solutions, and cardiac devices. It operates as a subsidiary of Koninklijke Philips. The company has direct sales presence in over 100 countries and distribution across the Americas, Western Europe, Central Eastern Europe, Asia and Oceania, and the Middle East and Africa.
Key products: AlluraClarity, Allura Xper FD20, ST80i stress testing system, and Efficia ECG100.
St. Jude Medical
St. Jude Medical provides products in the areas of cardiac rhythm management, cardiovascular, atrial fibrillation, and neuromodulation. The company has direct sales presence in over 100 countries and distribution arrangements across the Americas, Western Europe, Central Eastern Europe, Asia and Oceania, and the Middle East and Africa.
Key products: FlexAbility ablation catheter, sensor enabled, EnSite Precision cardiac mapping system, Advisor FL circular mapping catheter, sensor enabled, WorkMate Claris recording system, and SJM Confirm implantable cardiac monitor.
Other prominent vendors in this market include Siemens Healthcare, LivaNova, AngioDynamics, Atrium Medical, Biosense Webster, Cook Group, Edward Lifesciences, Innovative Cardiovascular Solutions, Transverse Medical, Cardiac Science, MicroPortScientific, Welch Allyn, Vimecon, Suzuken, Spacelabs Healthcare, Cardiac Science, Imricor Medical Systems, Advanced Cardiac Therapeutics, and BIOTRONIK.
A more detailed analysis is available in the Technavio report, Global Electrophysiology Devices Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Cardiac Resynchronization Therapy Pacemaker Market 2016-2020
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- Global Vital Signs Monitoring Devices Market 2016-2020
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