Global Demand for Electrophysiology and Medical Devices Flourishing With Opportunities in Healthcare Sector

PALM BEACH, Florida, October 19, 2017 /PRNewswire/ --

The medical device sector continues to expand and grow as a result of physicians making the formative decision whether you need medicine or a medical device such as a pacemaker, an implantable cardioverter defibrillator (ICD), cardiac ablation or surgery, which in return is fueling growth in the medical device and electrophysiology industry. The electrophysiology market is booming evidenced by the growing prevalence of cardiac disorders especially cardiac arrhythmias. The diagnostic electrophysiology devices segment is thought to be valued at nearly a billion dollars alone. The rapid increase in the prevalence of cardiovascular diseases, urological, neurovascular diseases is strongly driving the market demand whereas the global catheters market was valued at $31.1 billion in 2016 and is anticipated to reach over $63.5 billion by 2024 according to Ameri Research Inc. Active healthcare industry companies in news today include: BioSig Technologies, Inc. (OTC: BSGM), Johnson & Johnson (NYSE: JNJ), Abbott Laboratories (NYSE: ABT), Merck & Co. Inc. (NYSE: MRK), Boston Scientific Corporation (NYSE: BSX).

BioSig Technologies, Inc. (OTCQB: BSGM), a medical device company developing a proprietary platform designed to address an unmet technology need within the emerging electrophysiology (EP) marketplace, announced today that they have made significant progress towards commercialization of their proprietary PURE EP System. The PURE EP System is a novel cardiac signal acquisition and display system which is engineered to assist electrophysiologists in clinical decision making during procedures to diagnose and treat patients with abnormal heart rates and rhythms.  

The Company recently received the first production units of the PURE EP System from its manufacturing partner. In addition to ongoing testing and development with current partners, BioSig has been demonstrating this system to select industry leaders. Additionally, they announced that Mr. Joseph W. Rafferty has joined BioSig Technologies and will serve as Chief Commercialization Officer. Joe adds more than 30 years of experience to BioSig and has assisted with the successful launch of a number of new technologies into the medical marketplace working for Johnson & Johnson, Boston Scientific, and CR Bard.  Read this and more news for BioSig Technologies at: http://www.marketnewsupdates.com/news/bsgm.html