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Market for electrophysiology (EP) medical devices to reach $5,496.6 million by 2019 due to rise in cardiovascular diseases

Press releases may be edited for formatting or style | November 02, 2017 Cardiology
PALM BEACH, Florida, November 2, 2017 /PRNewswire/ -- According to Transparency Market Research, The global electrophysiology devices market was valued at USD $2,500 million in 2012 and is expected to reach USD $5,496.6 million by 2019, growing at a CAGR of 12.1% from 2013 to 2019. Electrophysiology devices are used in the diagnosis and treatment of those diseases that occur due to abnormal electrical properties of biological cells and tissues. Electrophysiology devices have wide application in the management of cardiac arrhythmias. The market is expected to record growth mainly due to globally rising geriatric population leading to increasing incidence of arrhythmias and advances in technology that has resulted in minimally invasive procedures and improved features. Active biotech stocks in news today include: BioSig Technologies, Inc. (OTC: BSGM), Abbott Laboratories (NYSE: ABT), Aptose Biosciences Inc. (NASDAQ: APTO), OncoSec Medical Incorporated (NASDAQ: ONCS), Vermillion, Inc. (NASDAQ: VRML).

BioSig Technologies, Inc. (OTCQB: BSGM), a medical device company developing a proprietary platform designed to address an unmet technology need for the $4.6 billion electrophysiology (EP) marketplace, today announced that the Company has hired Sherpa Technology Group as its Intellectual Property Advisor.

Sherpa Technology Group (STG), formerly known as 3LP Advisors, is a leading Silicon Valley IP advisory firm that assists clients at the intersection of business, technology and intellectual property. Established in 2008 by a small group of IP strategy veterans, STG has been providing intellectual property and technology strategy support, including partnership analysis, IP portfolio development, licensing and monetization strategy support to a number of high profile Silicon Valley firms. Read this and more news for BioSig Technologies at: http://www.marketnewsupdates.com/news/bsgm.html

"We are very pleased to guide BioSig through their IP strategy at this important time in the Company's development, and we look forward to exploring the opportunities for wider applications of BioSig's technology, " commented Kevin Rivette , Managing Partner of Sherpa Technology Group, former Vice President at IBM Corporation, and former Senior Advisor to The Boston Consulting Group.

"Over the past six months we engaged with BioSig's Board and management, as well as independently interacted with some of the Company's strategic partners. We are very optimistic about BioSig's future as a technology company with cutting-edge signal processing hardware and software," added Andrew Filler, Partner and General Counsel of Sherpa Technology Group.

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