Cardiac Resynchronization Therapy Devices Market is Predicted to Grow at a CAGR of +5% By 2026 the market is driven by the Increasing Occurrences of Heart Failure Rate in Both Developed and Emerging Regions
Healthcare Intelligence Markets offers its latest published report ‘Cardiac Resynchronization Therapy Devices Market by Product (CRT Defibrillator (CRT-D), CRT Pacemaker (CRT-P)); by End User (Hospitals, Ambulatory Care Centers); by Region (U.S., Rest of North America, France, UK, Germany, Italy, Spain, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 – 2026).’ The author of the report analyzed that the global cardiac resynchronization therapy devices market accounted for US$ XXXX XX in XXXX. Changing lifestyle and improper eating habits of people are majorly factoring the increasing rate of heart diseases, and is thus driving the demand for cardiac resynchronization therapy devices (CRT-D).
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Increasing number of people suffering from high cholesterol, blood pressure, and obesity are impelling the occurrences of cardiovascular diseases. The key players are investing more and more in developing advanced therapeutic solutions to treat HF cases. They are also indulging in strategic merger and acquisition activities to cut down on the development and operative costs. These aspects are driving the popularity and demand of this market. The lack of awareness for these advanced solutions and lack of disposable income among emerging countries such as India and China has resulted into its restraining growth and development. The increasing health risks has mandated the health care providers to revisit their strategies related to these threats and harness advanced solutions. This has impelled new entrants to emerge as the fastest growing players in the market.
Growing adoption of Cardiac Resynchronization Therapy Devices is Driving Demand
Over the period of continuous technological innovations and advancements, Cardiac resynchronization therapy (CRT) has emerged as a potential solution for patients with moderate to severe HF. On the basis of product type, the market is categorized into CRT Defibrillator (CRT-D) and CRT Pacemaker (CRT-P). Biventricular pacing or multisite ventricular pacing are used as a synchronization element bridging the rhythmic differences between right ventricle (RV) and the left ventricle (LV). A pulse generator is implanted in these devices and it helps improve the heart function, quality of life and ability to survive.
Asia Pacific is Anticipated to Hold a Significant Share in the Global Market.
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On the basis of geography, Asia Pacific is estimated to be a major contributor to the global revenue generated. Rise in the incorporation of advanced technology has led to increased research and development activities, which is intended to bring down the health care cost in this region. Rising population and the associated health problems are the factors aiding to the growth of the market in this region. Japan increasing R&D efforts is intended to improve their historic problem of long hospital wait times.
Global Cardiac Resynchronization Therapy Devices Market is fragmented with the Presence of Global and Regional Players
Some of the primary participants in global smart eyewear market are Abbott, Aetna Inc., Asahi Kasei Medical Co., Ltd., BIOTRONIK, Boston Scientific Corporation, HeartSine Technologies LLC., Koninklijke Philips N.V., LifeWatch, LivaNova PLC, Medicomp Inc., Medtronic, NIHON KOHDEN CORPORATION, Schiller AG, Stanford Health Care, and The ScottCare Corporation amongst others.
Medtronic has launched Percepta™ CRT-P MRI SureScan™, which can intake customized and personalized programmed data so as to modify the device functionalities and cater to individual patient needs. This product is developed in such a way that they can be safely used in the MRI environment when specific conditions are met.
Global Cardiac Resynchronization Therapy Devices Market – By Product:
• CRT Defibrillator (CRT-D)
• CRT Pacemaker (CRT-P)
Global Cardiac Resynchronization Therapy Devices Market – By End User:
• Ambulatory Care Centers
Global Cardiac Resynchronization Therapy Devices Market – By Region:
• North America
§ Rest of North America
§ The UK
§ Rest of Europe
• Asia Pacific
§ Southeast Asia
§ Rest of Asia Pacific
• Middle East and Africa
§ GCC Countries
§ Southern Africa
§ Rest of Middle East and Africa
• Latin America
§ Rest of Latin America
2. Aetna Inc.
3. Asahi Kasei Medical Co., Ltd.
5. Boston Scientific Corporation
6. HeartSine Technologies LLC.
7. Koninklijke Philips N.V.
9. LivaNova PLC
10. Medicomp Inc.
12. NIHON KOHDEN CORPORATION
13. Schiller AG
14. Stanford Health Care
15. The ScottCare Corporation
Cardiac Resynchronization Therapy Devices Market report provides both, qualitative and quantitative research of the market, as well as provides worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarter, competitors, product/service type, application and specification, pricing, and gross margin.