openPR Logo
Press release

MRI Safe Implantable Defibrillator Devices Market Projections & Growth Status Analyzed during 2018-2028 // MRI Safe Implantable Defibrillator Devices market includes Medtronic, Boston Scientific Corporation, Abbott, Microport, Biotronik

06-11-2019 02:31 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

MRI Safe Implantable Defibrillator Devices Market Projections

Cardiac defibrillator which were invented to deliver shock in order to control the abnormal heartbeat rhythms were proved to be a valuable device as it can prevent sudden death. MRI which is one of the most important diagnosis test for various problems like neurology, orthopedics, and cardiology found it difficult to test a person implanted with defibrillator as it can cause harm to it, even damaging the myocardium, thus the invention of MRI safe implantable defibrillator devices gained popularity with the healthcare sector with no time. Flexibility of this defibrillator during MRI test, is the leading factor that is making the people implanted with conventional defibrillator shift to MRI Safe Implantable Defibrillator Devices Market, as there are certain risk associated with the former during a MRI test.

Request TOC of this Report- https://www.factmr.com/connectus/sample?flag=T&rep_id=566

Factors such as increase in geriatric population, rise in cardiac diseases and product advancement are promoting the growth of MRI safe implantable defibrillator devices. Increase in awareness among patient about their safety and various marketing campaigns by various manufacturers are contributing to the growth of the demand. However, the price tag of these devices is expected to deter the growth of the market during the forecast period. Apart from the price tag, absence of skilled professionals in emerging countries is also anticipated to pull down the market growth.

Cardiac defibrillator is a battery powered pulse generator used to correct the abnormal heart rhythms by delivering an electric shock. It is very valuable device in preventing sudden deaths. For several years in the past, MRI was not allowed in patients having implanted devices such as cardiac defibrillator or pacemakers as it may alter pacing properties or even damage myocardium, thus might be raising concerns for clinicians. As, MRI is one of the most useful diagnostic test for patients with various medical problems including cardiology, neurology, orthopaedics etc., therefore the development of MRI safe implantable defibrillator devices helps in solving the problem of risks associated with MRI scans. Several research in the area proves that nearly two-third of patients implanted with a defibrillator needed an MRI diagnosis within four years of implantation, thereby generating the need of MRI safe implantable defibrillator devices.

The MRI safe implantable defibrillator devices are available as single chambered or dual chambered. These devices are either recognized as MR conditional or MR safe devices. They contain specific hardware and software components specifically tested and officially verified for use under magnetic resonance environment.

To know more about the MRI Safe Implantable Defibrillator Devices Market Visit the link- https://www.factmr.com/report/566/mri-safe-implantable-defibrillator-devices-market

Several product advancements, rising geriatric population, increase in cardiac diseases and number of eligible population are some of the factors supporting the market growth of MRI safe implantable defibrillator devices. Furthermore, rising evidence about safety of these systems and effective marketing campaigns by various manufacturers supports the market growth of MRI safe implantable defibrillator devices. However, high product pricing and stringent regulatory issues for product approval lowers its market growth over the forecast period. Reimbursement issues, lack of skilled professionals in several countries are also limiting the market progress.

MRI Safe Implantable Defibrillator Devices Market: Overview

There are very few companies involved in the manufacturing of devices with MRI compatibility. The products are launched in the market only few years back. Medtronic announced the CE Mark and European launch of first MRI safe implantable defibrillator devices to allow for full-body MRI Scans in April 2014. USFDA has also approved the first MRI compatible ICD manufactured by Medtronic recently in September 2015. Despite the launch of MRI safe implantable defibrillator devices, most of the population is still present with the non-MRI compatible devices. Companies in this direction are investing on research and development activities for advancement in these device types to improve therapy outcomes and manufacturing of low cost MRI safe implantable defibrillator devices. Top 3 companies in this market represent most of the market share globally for these MRI safe implantable defibrillator devices due to their strong presence, product approvals, brand strength and lack of competitors.

MRI Safe Implantable Defibrillator Devices Market: Region-wise Outlook

Geographically, North America leads the market for MRI Safe Implantable Defibrillator Devices services owing to the advanced healthcare facilities, high number of implants in the region as well as good reimbursement scenario. This is followed by the Western Europe countries due to easy approval of these devices by CE than by USFDA. Good adoption rate of MRI safe implantable defibrillator devices in the region promotes the growth. APEJ represents a significant growth opportunity for the MRI Safe Implantable Defibrillator devices over the forecast period owing to the rise in cardiac diseases, increase in healthcare spending and rising medical tourism. Japan also represents a substantial market share over the forecast period owing to the high number of geriatric population as well as available government support for medical facilities. Eastern Europe does not represent a significant market share due to less adoption rate of these devices. Latin America followed by Middle East & Africa represents the least market share as well as growth rate in the MRI Safe Implantable Defibrillator devices over the forecast period but represents a significant market opportunity for the market players because of the number of eligible population in these regions.

Request Brochure of this Report- https://www.factmr.com/connectus/sample?flag=B&rep_id=566

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Read Industry News at - https://www.industrynewsanalysis.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release MRI Safe Implantable Defibrillator Devices Market Projections & Growth Status Analyzed during 2018-2028 // MRI Safe Implantable Defibrillator Devices market includes Medtronic, Boston Scientific Corporation, Abbott, Microport, Biotronik here

News-ID: 1771487 • Views: 346

More Releases from Fact.MR

Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
07-02-2020 | Health & Medicine
Fact.MR
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
06-02-2020 | Health & Medicine
Fact.MR
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of

All 5 Releases


More Releases for MRI

Magnetic Resonance Imaging (MRI) Systems Market by Field Strength (High-Field MR …
Global Magnetic Resonance Imaging (MRI) Systems Market was valued at USD 5.63 Billion in the year 2017. Global Magnetic Resonance Imaging (MRI) Systems Market is further estimated to grow at a CAGR of 4.02% from 2018 to reach USD 7.13 Billion by the year 2023. The North America region holds the highest market share in 2018 and the Asia Pacific is considered as the fastest growing market in the forecasted
Mri Systems Market Trends and Segments 2020
Magnetic resonance imaging (MRI) is an integrated healthcare system which is used for imaging internal parts of body. It is most widely used for diagnostics imaging of central nervous system for detecting stroke affected areas of brain, brain tumours, imaging blood vessels and spine lesions. It involves the use of magnetism, radio waves, and a computer to produce images of body structures. MRI scans are also used widely for cardiac
North America Hybrid MRI Market: Drivers & Restraints
According to the report Hybrid MRI Market, published by Market Data Forecast, the North America market is projected to grow substantially during the forecast period. MRI is an imaging technique which involves radio frequencies and magnetic field used to picture internal structures of the body without using radiation. MRI can be merged with other powerful methods to take clearer pictures of organs or in even treating some cancers. MRI in
Development Trends in Intraoperative MRI Market 2016
Qyresearchreports include new market research report Global Intraoperative MRI Market Research Report 2016 to its huge collection of research reports. The thorough report here assembles different perspectives having a place with the general Intraoperative MRI market which verbalizes the present-day data and future exposures with reference to the dynamic powers at play. The prime reason for the examination report is to offer the endorser with an extensive format and make accessible
Global MRI Industry 2022 Trends and Review
ReportsWeb.com has announced the addition of the “Global MRI Market Research Report 2017” The report focuses on global major leading players with information such as company profiles, product picture and specification. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD) , market share and growth rate of MRI in these regions, from 2012 to 2022 (forecast) , covering North America, Europe, China, Japan, Southeast Asia
United States MRI System Market Report 2017
In this report, the United States MRI System market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with sales (volume), revenue (value), market share and growth rate of MRI System in these