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Global Market Watch:
Global Diagnostic Electrophysiology Catheters sector is projected to reach US$3.5 billion by 2016. The North America accounts for nearly 34% (2015) of the global value while Europe claims approximately 29% (2018). Asia-Pacific is the fastest growing region with a CAGR of 13.2% driving a market value of US$857 million by 2015. On a global scale, projections for Conventional EP Diagnostic Catheters indicate more than 40% market share leaving the rest of the market to the Advanced and Ultrasound EP Diagnostic Catheters.
Healthcare Industry division has been witnessing a drastic change regarding the new innovation and technology which in terms are applied in improving from sector to sector since the past 3-5 years. Cardiovascular industry growth continues to increase with the presence of multiple technologies such as advanced material and software which is featured in most of the devices. International companies tends to innovate, develop new products and to enhance the existing features in cardiovascular devices.
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