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Diaphragm Pacing Therapy System Market Projected to Surpass Rapidly with CAGR at 5.6% and Reach a Value of USD 7.57 Million By 2027

Diaphragm Pacing Therapy System Market

Diaphragm Pacing Therapy System Market

The global Diaphragm Pacing Therapy System Market size is predicted to reach USD 7.57 million by 2027 according to a new study by Polaris Market Research.

Diaphragm pacing is the less weighted battery-powered devices that works electrically and stimulates to nerves and diaphragm muscles. This allows diaphragm to contract flexibly so that air is filled into lungs and assist patients to breathe conveniently and smoothly. Diaphragm pacing includes affixing four electrodes into diaphragm muscle and one more fifth electrode just under the skin besides the other electrodes. The electrodes are further united to an external stimulator to allow an ongoing electrical impulse to the electrodes, resulting in contraction of diaphragm aids in smooth and normal breathing.

Get an exclusive sample PDF report of Diaphragm Pacing Therapy System Market @ https://www.polarismarketresearch.com/industry-analysis/diaphragm-pacing-therapy-system-market/request-for-sample

A serious ventilator-dependent person requires two mechanical ventilators, first as a primary and second as a contingency backup. Such machines need a significant amount of disposable supplies to operate accurately and securely. Once the pacing is done the patient is able to remove one of the ventilators, as the one should keep for emergency, and reducing a significant section of the associated supplies. Considering yearly replacement of external antennas, the monthly replacement of batteries, and situational supplies such as tape, alcohol preps, a diaphragm pacing system costs nearly USD1,000 per year or even less than that to operate. Rental of a mechanical ventilator and the costs of its disposables starts from USD 1,500 to USD 2,500 every month. Thus, the implantation of a diaphragm pacing system significantly have a return of investment of 3-4 years, and save USD 18,000 to USD 30,000 every year.

The major driving factors of market are increasing new product developments, awareness amongst the citizens regarding the diaphragm pacing therapies, rising healthcare investments and need for technological advancement in healthcare sector. Additionally, increasing prevalence of amyotrophic lateral sclerosis (ALS) and Spinal Cord injury (SCI) surges the market growth. Moreover, increasing favorable regulations by the government for the approval of new products and rising reimbursement by the government and various private institution surges the market growth of diaphragm pace therapy system market globally. Further, rising strong product pipelines and clinical trials contributes significant growth to the diaphragm pace therapy market globally.

The increasing COVID-19 cases worldwide also contributes lucrative growth in the concerned market as COVID-19 treatment requires ventilators for the patients to breath and these DPTS are alternatives of ventilators hence, Diaphragm Pacing Therapy System allow normal breathing to the patients. Moreover, increasing research and development activities and rising awareness amongst the general public about the product.

Market participants such as Avery Biomedical Devices, Inc., Lungpacer Medical, Atrotech, Synapse Biomedical, and among others, are some of the key players operating in the global market. For instance, in April 2020, Lungpacer Medical got the U.S. FDA early market access clearance for the diaphragm pacing therapy system to assist in treating COVID-19 patients. These devices can be used as a substitute to the mechanical ventilator for patients with phrenic nerves, and diaphragm. Such initiative by the key market players helps them to increase their market share in the competitive market of Diaphragm Pacing Therapy System, globally.

For In-depth Information Enquire Before Purchasing This Report @ https://www.polarismarketresearch.com/industry-analysis/diaphragm-pacing-therapy-system-market/inquire-before-buying

Polaris Market Research has segmented the Diaphragm Pacing Therapy System market report on the basis of product type, application, and region

Diaphragm Pacing Therapy System Market by Product Type (Revenue - USD Million, 2016 - 2027)
• External Diaphragm Pacemaker
• Diaphragm Pacemaker

Diaphragm Pacing Therapy System Market by Application (Revenue - USD Million, 2016 - 2027)
• Amyotrophic lateral sclerosis (ALS)
• Spinal cord injuries (SCI)
• Others

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Polaris Market Research

Email: sales@polarismarketresearch.com
Ph: +1-929 297-9727
Web: https://www.polarismarketresearch.com

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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.

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