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What's driving the Cardiac Mapping Systems Market Growth? Prominent Players: Biosense Webster, Siemens, Boston Scientific, Medtronic, Abbott
Fortune Business Insights finds the Arrhythmia segment to show high growth in the market. This is owing to the higher prevalence of arrhythmia around the world. The market, as per study will offer lucrative growth opportunities on account of the introduction and implementation of 3D cardiac mapping systems during the forecast period.
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Increasing Prevalence of Cardiac Disorders to Offer Growth Opportunities to the Market
The increasing geriatric population is a major factor propelling demand for heart mapping. The rising number of patients suffering from cardiac disorders such as hypertrophic cardiomyopathy, coronary artery disease, arrhythmia, myocardial infarction, and others is boosting the global market for cardiac mapping. This, alongside the implementation of real-time monitoring, will ensure improved patient care. The positive rates of improvement for cardiac problems diagnosis and advent of advanced technological processes will help the market grow in the years to come.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Biosense Webster
• Siemens
• Boston Scientific
• Medtronic
• Abbott
Improvements in diagnostic technologies will facilitate the diagnosis of critical ailments. This, accompanied with the availability of skilled interventional cardiologists in developed nations will fuel the demand for electrophysiology in the market during the forecast duration.
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However, the market may face challenges in terms of lack of awareness about cardiac mapping systems. This, coupled with the lack of skilled professionals for treating critical heart diseases, may cause hindrance to the market in the long run. Again high cost of cardiac mapping systems may hamper growth of the market.
Nevertheless, with irregular lifestyle and unhealthy food habits adopted by the people worldwide, prevalence of cardiac disorders is increasing by the day. With increasing number of cardiac disorder cases, the demand for cardiac mapping systems is also on the rise, thus providing opportunities for the market to benefit with remarkable CAGR rates during the forecast period.
Launch of EnSite Precision by Abbott to Set New Market Standards
From a geographical viewpoint, the increasing prevalence of heart diseases has helped the market in North America to emerge dominant. Additionally, the early adoption of advanced medical technologies, is enabling the market to record impressive growth in North America.
On the other side, Asia Pacific is seen as a region with huge growth potentials in the cardiac mapping systems market. This is due to the rising awareness about health programs and increasing disposable income of people in Asia Pacific still holds lucrative opportunities of growth during the following years.
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Companies operating in the global cardiac mapping systems market are making huge investments in research and development in order to upgrade the existing versions of cardiac monitors and launch new products with the help of advanced technology in medicine and healthcare. To site an example, Abbott launched a cardiac mapping systems namely EnSite Precision in the U.S. market in January, 2017. Such type of product launches will bode well for the market.
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