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COVID-19 UPDATE: Cardiac Resynchronization Therapy (CRT) Devices Market to See Huge Growth by 2026 | Medtronic, Abbott, Boston Scientific Corporation, Elkem Silicones
Global Cardiac Resynchronization Therapy (CRT) Devices Market
Global cardiac resynchronization therapy (CRT) devices market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising healthcare expenditure and rising aging population is the factor for the market growth.
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Few of the major competitors currently working in the global cardiac resynchronization therapy (CRT) devices market are Medtronic, Abbott, Boston Scientific Corporation, Elkem Silicones, Biotronik, EBR Systems, Inc., LivaNova PLC, MicroPort Scientific Corporation among others.
Market Definition: Global Cardiac Resynchronization Therapy (CRT) Devices Market
Cardiac resynchronization therapy is a treatment which is provided to the patients with heart failures. Devices which are used in the CRT are called CRT devices. To assist them beat together in a more synchronized pattern, a CRT device sends tiny electrical impulses to both lower chambers of the core. The main function of these devices is to improve the heart ability so they easily supply blood and oxygen to the body. CRT- pacemakers and CRT- defibrillators are two of the common type of the CRT device.
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Cardiac Resynchronization Therapy (CRT) Devices Market Drivers
Rising prevalence of heart diseases will enhance the market growth
Growing demand for invasive techniques will also drive the growth of this market
Technological advancement in the healthcare sector will also contribute as a factor for the market growth
Increasing R&D investment will also drive the market growth
Cardiac Resynchronization Therapy (CRT) Devices Market Restraints
Complexity associated with the surgical site infection will restrain the market growth
Sensitivity of the device material will also hinder the market growth
Failure in providing the optimum therapy when required can impede the growth of this market
Segmentation: Global Cardiac Resynchronization Therapy (CRT) Devices Market
Cardiac Resynchronization Therapy (CRT) Devices Market : By Product Type
CRT-pacemakers
CRT-defibrillators
Cardiac Resynchronization Therapy (CRT) Devices Market : By End-User
Clinics
Ambulatory Surgical Centers
Cardiac Resynchronization Therapy (CRT) Devices Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Cardiac Resynchronization Therapy (CRT) Devices Market:
In August 2017, BIOTRONIK announced that they have received approval from FDA for their new MR conditional quadripolar (QP) cardiac resynchronization therapy pacemaker Edora HF-T QP which is equipped with MRI AutoDetect technology. It is one of the smallest MR conditional CRT-P. This device has the ability to automatically detect the automatic daily remote monitoring, MRI environment and physiologic rate adaptation
In September 2016, LivaNova PLC announced the launch of their new range of cardiac resynchronization therapy devices and implantable cardiac defibrillators PLANTINIUM. This new range will provide good longevity and guarantees less energy consumption. This new range provides comfort to the patient with Ergoform design and also provides therapeutic functions such as PARAD+ and SafeR
Cardiac Resynchronization Therapy (CRT) Devices Market : Competitive Analysis
Global cardiac resynchronization therapy (CRT) devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cardiac resynchronization therapy (CRT) devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Opportunities in the Cardiac Resynchronization Therapy (CRT) Devices Market Report :-
Comprehensive quantitative analysis of the industry is provided for the period of 2020-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
Comprehensive analysis of the factors that drive and restrict the market growth is provided in the Cardiac Resynchronization Therapy (CRT) Devices Market report.
Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across regional.
Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across Global.
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