Rise In Cardiac Diseases to Promote The Growth Of MRI Safe Implantable Defibrillator Devices, Unveils Fact.MR

The global demand for MRI safe implantable defribrillator devices witnessed a slight fall in the first quarter of 2020 due to the spread of Covid-19 pandemic. Major attention was shifted towards preventing the ongoing crisis leading to neglecting further developments in this market. However, as the cases are getting down in 2021, incessant efforts of the market players are helping them to recuperate their market position.

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While there will be uncertainties, stakeholders can navigate them by factoring in historic and current drivers of change when strategizing for 2020 and beyond. Among these drivers are a growing and aging population, rising prevalence of chronic diseases, infrastructure investments, technological advancements, evolving care models, higher labor costs amidst workforce shortages, and the expansion of health care systems in developing markets.

Health care systems need to work toward a future in which the collective focus shifts away from treatment, to prevention and early intervention. For years, financial challenges have shadowed the world's public and private health systems to varying degrees, and we expect the situation to persist in 2020.

This will make "value" a watchword in health care payment reform. The entry of non-traditional players in the health care sector have the potential to both support and suppress incumbents' efforts to grow revenue. Digital giants and digital-first health solution disruptors are demonstrating that there could be an easier and more user-friendly way to conduct health care transactions.

Health care stakeholders are implementing payment reforms such as value-based payment models that help providers, payers, and patients achieve the best outcomes at the lowest cost. Technology-enabled patient engagement strategies are enabling increased financial independence for patients in their health care decisions, in addition to improving interactions with their health care systems.

Governments are also moving the needle by adopting universal health coverage and introducing pricing controls on pharmaceuticals and medical technology devices. Population health management (PHM) is being used to identify people's health care needs and offer services accordingly.

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Key Segments in MRI Safe Implantable
Defibrillator Devices Industry Research
MRI Safe Implantable Defibrillator Devices Market by Product :
Single Chamber Defibrillators
Dual Chamber Defibrillators

MRI Safe Implantable Defibrillator Devices Market by Modality :
MR Conditional Defibrillators
MR Safe Defibrillators

MRI Safe Implantable Defibrillator Devices Market by End Use :
Hospitals
Ambulatory Surgical Centers

MRI Safe Implantable Defibrillator Devices Market by Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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What Will Help New Companies Increase their Market Share?

"New Entrants Focusing on Product Innovation, Marketing, & Branding"

There are incredibly few businesses that are engaged in the production of MRI-compatible gadgets. These products were just recently introduced into the market.

In April 2014, Medtronic announced that the first implantable defibrillator devices that were MRI-safe had received the CE Mark and were available in Europe.

USFDA recently approved the first Medtronic ICD that is MRI-compatible. A majority of the population still uses implantable defibrillators that are not MRI-compatible despite the introduction of MRI-safe devices.

Companies moving in this route are spending money on research and development projects to advance various device types and produce low-cost MRI safe implanted defibrillator systems.

Due to their dominance, product approvals, market positioning, and lack of competitors, the top 3 players in this market hold a majority of the global market share for MRI safe implantable defibrillator devices.

Key Companies Profiled:

Medtronic plc
Zimmer Holdings Inc.
Abbott Laboratories
Cochlear Ltd.
Boston Scientific Corporation
St. Jude Medical Inc
Smiths Medical
AbbVie, Inc.
TriVascular2, Inc.
Stryker Corporation
Smith & Nephew Plc
Johnson & Johnson

The global MRI Safe Implantable Defibrillator Devices market report covers the following regions:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Read More Trending Reports of Fact.MR- https://www.biospace.com/article/demand-for-tricuspid-valve-repair-rising-as-congenital-and-rheumatoid-heart-disease-cases-increase-fact-mr/ 

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We carry immense pride in saying that our work is recognized by 150+ countries worldwide. Our experience is conveyed by the fact that we have published 6, 000+ reports, thanks to our dedicated team of professionals. With digital intelligence solutions, we support our clients in remaining at the driver's seat. Our crew of 300+ analysts are available 24/7 to offer dynamic updates regarding various verticals and companies.

Thank you for reading our report. For further queries and customization inquiries, please get in touch with us. Our team will ensure the report is customized to meet your requirements. 

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