Subtitle: The Congestive Heart Failure Treatment Devices Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Congestive Heart Failure Treatment Devices Market: Drivers and Challenges
Increasing prevalence of cardiovascular diseases across regions is one the major factors driving the revenue growth of congestive heart failure treatment devices globally. Lifestyle related factors are expected to add to growing disease incidence of CVDs and thus raise adoption of treatments. Fast track approvals of devices coupled with technological advancement in developed countries will propel market revenues further. Huge unmet treatment demand for congestive heart failure is expected to be noted in developing markets. High cost of devices and unfavorable reimbursement policies are few factors that could hinder the revenues growth of the congestive heart failure treatment market.
The congestive heart failure treatment devices are expected show significant growth in demand over the forecast period owing to rising incidences of cardiovascular diseases. Congestive heart failure is one of the most common medical conditions which is responsible for the death of people globally. Around 6.5 million of people are diagnosed with congestive heart failure every year. According to a survey around 2% of global population are hospitalized due to congestive heart failure.
Based on product type, congestive heart failure treatment devices are segmented as cardioverter defibrillators (ICD), cardiac resynchronization therapy (CRT), ventricular assist devices (VADs) and pacemakers. The Implantable Cardioverter Defibrillators (ICDs) is expected to hold the maximum share of congestive heart failure devices market. The ventricular assist devices (VADs) segment is expected to show significant growth over the forecast period due to technological advancement.
Based on the end user, the congestive heart failure treatment devices market is segmented as hospitals, cardiovascular center, and ambulatory surgical center. The hospital is expected to share maximum share of congestive heart failure devices market among all end user.
Congestive Heart Failure Treatment Devices Market: Regional Overview
Based on geography, global congestive heart failure devices market is segmented into five broad regions viz. North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America is expected to be the largest market for congestive heart failure devices market. This market is then followed by Europe and Asia-Pacific region. North America and Europe market are growing significantly owing to the high prevalence of cardiovascular diseases. Asia-Pacific region is expected to show high growth for congestive heart failure devices market due to rise in geriatric population in India and China.
Congestive Heart Failure Treatment Devices Market: Key Players
Some of the key players of congestive heart failure disease are Boston Scientific Corporation, Medtronic PLC, Abiomed, Inc., HeartWare International, Inc., Jarvik Heart, Inc., LivaNova PLC, ReliantHeart Inc.
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