Cardiac Resynchronization Therapy Market Size, Growth, Trends, Scope, Business Analysis (2021-2027), Top Key Players: Medtronic PLC, Abbott Laboratories, Biotronik, Boston Scientific Corporation, Microport Scientific Corporation

Allied Market Research published a new report, titled, "Cardiac Resynchronization Therapy Market Global Opportunity Analysis and Industry Forecast, 2020-2027".

The report has offered an all-inclusive analysis of the global Cardiac Resynchronization Therapy Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.

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Cardiac resynchronization therapy also aids in reduction of symptoms of heart failure and lower your risk of heart failure and related complications, including death. Clinical studies also suggest that CRT decreases hospitalization and morbidity as well as improves in quality of life for the heart failure patients.

Top impacting factors: Market Scenario Analysis:

Rise in cardiovascular diseases, sedentary lifestyle with desk-bound jobs, increase in the geriatric population, technological advancements in CRT and investments in R&D activities related to cardiac diseases are the major driving forces in cardiac resynchronization therapy market growth. For instance, the American Heart Association estimates approximately 90,000 CRT devices procedures in the U.S. for year 2018. As per the Global Health and Wellness Report published in 2018, in United States approximately 40% of the adult population were diagnosed with a cardiovascular conditions with some of them leading to heart failure which resulted in higher demand for advanced and efficient treatment and upgraded cardiovascular devices to treat the patients fostering the growth of the market throughout.

COVID-19 scenario analysis:

Due to the COVID – 19 outbreak, majority of healthcare, pharmaceutical and biotechnology organizations have concentrated on treatment therapies and medication against Novel coronavirus, the medical professionals are engaged in providing COVID-19 related services, unavailability if experts to treat patients suffering from cardiac arrests.

As a result, other healthcare segments have to face negligence.

Furthermore , it has been observed after some research that people with prevalence of cardiac diseases are at higher risk for mortality and morbidity related to COVID-19 compared to the average population.

Recent studies have also revealed that COVID-19 can cause heart injury, even in people without heart abnormalities.

Get detailed COVID-19 impact analysis on the Cardiac Resynchronization Therapy Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
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Sedentary lifestyle and obesity expected to fuel growth:

The sedentary lifestyle is further expected to surge the market. According to World Health Organization (WHO), sedentary lifestyles proves to be fatal for around 5.3 million people every year globally, with minimum 300,000 premature deaths and $90 billion are spent in directly as healthcare costs to reduce problems caused by obesity and sedentary lifestyle yearly in the U.S. Physical inactivity causes around 2 million deaths every year forcing WHO to issue a warning regarding sedentary lifestyle being among top ten major causes of death and disability around the world. The US Department of Health and Human Service, stated only one in three children are physically active every day in the U.S.

Companies covered:

Medtronic PLC, Abbott Laboratories, Biotronik, Boston Scientific Corporation, Microport Scientific Corporation, Medico S.P.A, LivaNova PLC, Cook Group Inc., Johnson & Johnson, Lepu Medical Technology Co. Ltd.

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