Global Cardiac Resynchronisation Therapy Systems Market to Expand at a CAGR of 5.3% over 2016-2025 as Incidence of Heart Failure Rises
The demand within the global market for cardiac resynchronisation therapy systems has been rising at a skyrocketing pace, majorly due to advancements in the field of cardiology. The global market for cardiac resynchronisation therapy has witnessed the emergence of a plethora of newbie vendors who have used competent technologies to establish their credibility in the market. Furthermore, the entry of these new vendors into the global cardiac resynchronisation therapy market has also facilitated better connectivity across the market over the past decade. The old and large vendors in the global cardiac resynchronisation therapy system market have been preying on opportunities to acquire the smaller players.
It is projected that the competitive landscape of the global cardiac resynchronisation therapy systems market would undergo successive fragmentation in the years to come. This owes to the easy entry of new companies in the global cardiac resynchronisation therapy market and the strong foundation of the medium- and large-scale players. The leading vendors in the global cardiac resynchronisation therapy systems market are banking on their ability to decode the consumer propensities in order to retain their solid position. Strategic alliances and mergers are expected to be witnessed in the global cardiac resynchronisation therapy market in the years to come.
A report by Transparency Market Research (TMR) finds that the global market for cardiac resynchronisation therapy system would expand at a moderate CAGR of 5.3% over the period between 2017 and 2025. Furthermore, the global for cardiac resynchronisation therapy market had a total worth of US$ 3.1 Bn in 2016, and this figure is expected to escalate to US$ 4.8 Bn by 2025. On the basis of product type, cardiac resynchronisation therapy pacemakers are in great demand across the globe. Based on geography, the market for cardiac resynchronisation therapy in North America has attracted high demand.
Rising Incidence of Heart Attacks to Propel Demand
The contraction and relaxation of the muscles in the heart is extremely vital for the overall health of an individual. When the contracting or relaxing mechanism of the heart is disrupted, it results in the inability of the heart to pump blood at normal pace. This in turn results in heart failure, which is supposedly the most common heart condition that affects millions of people each year. Owing to this factor, the demand within the global cardiac resynchronisation therapy system market has been rising at a boisterous pace in recent times. Cardiac resynchronisation therapy uses electrical signals to restore normal contractions across the heart ventricles. For this reason, this form of therapy is more effective as against other treatments.
Reduced Mortality as a Result of New Therapies
Cardiac resynchronisation therapy systems has served tremendous utility for the healthcare sector over the past decade. Due to the high incidence of cardiovascular diseases, the mortality rate across several regional pockets was extremely high up until a few decades back. However, increased usage of cardiac resynchronisation therapy has helped in saving the lives of thousands of patients with critical heart conditions. This has in turn reduced the overall mortality rate across the world, and has also propelled demand within the global cardiac resynchronisation therapy system market.
The review is based on TMR’s report titled “Cardiac Resynchronization Therapy Systems Market (Product - Cardiac Resynchronization Therapy Pacemaker, Cardiac Resynchronization Therapy Defibrillator) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”.
Key Segments of the Global Cardiac Resynchronization Therapy Systems Market
By Product type
- Cardiac Resynchronization Therapy Pacemaker
- Cardiac Resynchronization Therapy Defibrillator
By Region and Country
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC