Press release
Increasing R&D Efforts and Innovation to Propel the Expansion of Cardiac Implants Market
ICDs plays a role in preventing the cardiac arrest in a patient, Pacemakers will generate small electric shocks to maintain normal heart beat and blood flow, Stents are used to open narrowed arteries and help to reduce the symptoms such as chest pain (Angina).
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Presently, the cardiac Implants market are driven by rapid growth in technology, increasing the prevalence rate in cardiovascular disorders, increasing awareness about health care in people and increasing geriatric population. With favorable reimbursement policies by the government agencies, these devices are rapidly adopted by healthcare professionals which will drive the growth of these products in the forecast years.
Rapid growth in technology and treatment methods are now saving the people from life threatening disorders. With this advancements in treatment, surgery methods and promising results in using of cardiac implant devices, the global cardiac implants market is expected to have a double digit growth in the forecast period (2015-2025).
The global Cardiac Implants is expected to register a double digit CAGR for the forecast period. Depending on geographic regions, global Cardiac Implants is segmented into seven key regions: North America, South America, Eastern Europe,
Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
North America dominates the global Cardiac Implants Market due to the technical advancements and good awareness of healthcare in people. Europe occupies second place in this market due to well healthcare setup and good awareness about health. Asia is also having rapid growth in this market because of it is developing country.
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Some of the key market players in this Cardiac Implants Market are
Medtronic, Inc.
Boston Scientific Corporation
Abbott Vascular Inc.
Edwards Life-sciences Corporation.
St. Jude Medical, Inc.
Thoratec Corporation
SynCardia Systems, Inc.
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