Wolff Parkinson White Syndrome Market Information: By Types (Type A, Type B) By Diagnosis (Electrocardiogram (ECG), Electrophysiological Testing, Others) By Treatment (Drugs (Anti-Arrhythmic, Beta-Blockers, Others), Cardioversion, Radiofrequency Catheter Ablation, Surgery, Artificial Pacemaker, Others) By End Users – Global Forecast Till 2023
Wolff-Parkinson-White (WPW) syndrome is a rare congenital heart disorder involving irregularities in the electrical transmission system of the heart. In WPW syndrome, an abnormal alternate electrical pathway exists resulting in arrhythmias (abnormal heartbeat rhythms) and tachycardia (faster than normal heartbeats). WPW is congenital but, symptoms may not become apparent until adolescent. Approximately 10 to 20 percent of individuals with WPW syndrome have a congenital heart defect, such as Ebstein’s anomaly. The disorder’s estimated prevalence is 3 people per 1,000 people in the United States.
The Global Wolff Parkinson White Syndrome Market is expected to reach US$ 1.2 billion by 2023, and the market is projected to grow at a CAGR of ~ 3.3 % during the forecast period 2017-2023.
The market is driven by advancements in medical devices such as pacemakers and radiofrequency catheter ablation. Product development of these devices in terms of miniaturization of devices and better battery backup is driving the market.
The market drivers for Wolff Parkinson White syndrome are increasing screening for genetic diseases, rising awareness, growing income of people etc. The market restraints are the poor cure rates, poor efficacy and efficiency of effective drugs etc.
Global Wolff Parkinson White syndrome Market Players
Key players profiled in the report are AngioDynamics, Medtronic, Boston Scientific Corporation, St. Jude Medical, LLC, Abbott, GlaxoSmithKline LLC, Teva Pharmaceutical Industries, Sanofi S.A., and Novartis International AG and others.
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The Americas which are dominated by the US account for a significant market share owing to extensive use of medications and high expenditure on the health care. Additionally, the fastest uptake of new instruments and surgical techniques in the US drives the Wolff Parkinson White syndrome market. The good reimbursement scenario and the greater awareness in the developed regions drive the market.
Europe is the second largest market in the world due to high income and healthcare penetration. The European region is dominated by Germany and France. The presence of large screening programs in the developed regions drives the market for Wolff Parkinson White syndrome.
Asia Pacific region is expected to grow rapidly and China and India are likely to lead this market due to fast growing healthcare sector during the forecast period.
Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East & African market. The African region is expected to witness a moderate growth owing to poor economic and political conditions and poor healthcare development.
The global Wolff Parkinson White syndrome market has been segmented on the basis of types, diagnosis, treatment and end users.
Based on types, the market has been segmented as type A and type B.
Based on diagnosis, the market has been segmented as Electrocardiogram (ECG), Electrophysiological testing, and others.
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Based on treatment, the market has been segmented as drugs, cardioversion, radiofrequency catheter ablation, surgery, artificial pacemaker and others.
Based on the end users, the market has been segmented as hospitals & clinics, academic & research and others.
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