Sick Sinus Syndrome Treatment Market: Introduction
- Sick sinus syndrome is a group disorder including three heart rhythm problems (arrhythmias): sinus bradycardia (a slow heart rate), tachycardias (fast heart rates), and bradycardia-tachycardia (alternating slow and fast heart rhythms). Atrial fibrillation, atrial flutter/tachycardia, and supraventricular tachycardia are various types of tachycardia.
- The disorder is the result of a number of heart conditions that may cause scarring, degeneration, or damage to the heart. Heart attack, idiopathic degenerative disease, cardiovascular disease, high blood pressure, and structural defects in the heart are various diseases which may lead to sick sinus syndrome.
- Increase in prevalence of heart diseases, rise in demand for new therapeutic options to treat sick sinus syndrome, and surge in geriatric population are expected to drive the global sick sinus syndrome treatment market during the forecast period
- According to the U.S. Department of Health & Human Product, the U.S. is likely to have about 72.1 million geriatric population by 2030, which is more than twice the number in 2000.
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Key Drivers of Global Sick Sinus Syndrome Treatment Market
- Rise in adoption of newly developed therapeutics in cardiology and high incidence of the diseases are projected to drive the global sick sinus syndrome treatment market
- There is an alarming rise in incidence of heart related diseases, especially in the developed countries, which is anticipated to boost the growth of the sick sinus syndrome market during the forecast period
- A study conducted by Atherosclerosis Risk in Communities (ARIC) and Cardiovascular Health Study (CHS) in the U.S. in 2014 revealed that the incidence of sick sinus syndrome was 0.8 per 1,000 person-years.
- More than half of the patients with sick sinus syndrome develop tachybrady syndrome i.e., developing alternating bradycardia and tachycardia. In the U.S., around 30% to 50% patients opting for cardiac implantation show sick sinus syndrome as primary indication. In a 50 months follow-up study of patients with sick sinus syndrome, the mortality rate was found to be 18%.
- Increase in awareness about diagnosis and treatment of heart disorders is another important factor likely to drive the market. Rise in health education initiatives about heart diseases to seek early treatment and prevent risk factors causing sick sinus syndrome are developing in emerging regions, which is anticipated to fuel the expansion of the global sick sinus syndrome treatment market
North America to Hold Major Share of Global Sick Sinus Syndrome Treatment Market
- North America is expected to hold a major share of the sick sinus syndrome treatment market. Increase in research & development activities for development of new drugs and strengthening of pipeline for cardiac diseases is likely to drive the sick sinus syndrome in the region.
- Presence of prominent market players in the U.S. and increase in number of hospitals and ambulatory surgical centers providing treatment of various cardiovascular diseases is expected to fuel the growth of the sick sinus syndrome treatment market in the U.S.
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Key Players Operating in Global Market:
Major players operating in the global sick sinus syndrome treatment market are:
- Pfizer Inc.
- Impax laboratories inc
- C. Zentiva S.A.
- UPSHER-SMITH LABORATORIES, LLC
- Erfa Canada Inc.
- Bayer HealthCare Pharmaceuticals Inc.
- DSM Pharmaceuticals, Inc.
- Concordia Pharmaceuticals Inc.
Global Sick Sinus Syndrome Treatment Market: Research Scope
Global Sick Sinus Syndrome Treatment Market, by Drug Class
- Calcium Channel Blockers
- Anti-arrhythmic Drugs
Global Sick Sinus Syndrome Treatment Market, by Route of Administration
Global Sick Sinus Syndrome Treatment Market, by Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.