Press release
Congestive Heart Failure Treatment Devices Market 2024: Trends, Forecast 2033
The new report published by The Business Research Company, titled ""Congestive Heart Failure Treatment Devices Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the congestive heart failure treatment devices market size has grown strongly in recent years. It will grow from $18.22 billion in 2023 to $19.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The congestive heart failure treatment devices market size is expected to see strong growth in the next few years. It will grow to $26.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
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Increasing Prevalence Of Cardiovascular Disorders Fuels Growth In Congestive Heart Failure Treatment Devices Market
The rise in the prevalence of cardiovascular disorders is expected to propel the growth of the congestive heart failure treatment devices market going forward. Cardiovascular disorders encompass a range of diseases affecting the heart and blood vessels, including coronary artery disease, hypertension, and heart failure, impacting blood circulation and overall heart health. The rise in the prevalence of cardiovascular disorders is primarily due to increasing rates of risk factors such as obesity, sedentary lifestyles, poor diets, and aging populations. Congestive heart failure treatment devices are crucial in managing cardiovascular disorders by regulating heart rhythms and improving heart function, significantly enhancing patient outcomes. For instance, in March 2022, according to the Office for National Statistics, a UK-based national statistical authority, the number of deaths due to heart attacks was 20,061 in 2021, increasing from 19,440 in 2020. Therefore, the rise in the prevalence of cardiovascular disorders is driving the growth of the congestive heart failure (CHF) treatment devices market.
Development Of Bluetooth-Enabled Pacemakers To Enhance Remote Monitoring And Patient Care
Major companies operating in the congestive heart failure treatment devices market are developing innovative products, such as pacemakers with Bluetooth connectivity, to gain a competitive edge in the market. Pacemakers with Bluetooth connectivity are medical devices that regulate heart rhythms and can wirelessly transmit data to healthcare providers for monitoring and adjustments. For instance, in June 2021, Microport Crm S.R.L., a France-based medical devices company, announced the launch of Alizea and Borea pacemakers with Bluetooth connectivity and streamlined remote monitoring. These pacemakers are equipped with Bluetooth technology, enabling cardiologists to monitor the devices remotely and minimizing the need for patients to travel to hospitals for routine check-ups. The SmartView Connect home monitor supports this remote monitoring by providing detailed reports on the system's performance. Alizea and Borea pacemakers are compact and have a projected lifespan of 13 years. They include advanced features such as SafeR mode and real-time EGM. These pacemakers aim to enhance healthcare management by reducing hospital visits and ensuring continuous monitoring and follow-up.
The congestive heart failure treatment devices market covered in this report is segmented -
1) By Product: Cardiac Pacemaker, Implantable Cardioverter Defibrillators (ICDs), Cardiac Resynchronization Therapy Devices (CRT), Counter Pulsation Devices, Ventricular Assist Devices (VADs)
2) By Application: Left Ventricular Assist Device (LVAD), Right Ventricular Assist Device (RVAD), Biventricular Assist Device (BIVAD)
3) By End-User: Hospitals And Clinic, Specialized Cardiovascular Disease Treatment Centers, Ambulatory Surgery Centers
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Major companies operating in the congestive heart failure treatment devices market are Abbott Laboratories, Medtronic plc, Baxter International Inc., Boston Scientific Corporation, Terumo Corporation, Edwards Lifesciences Corporation, Charles River Laboratories International Inc., W. L. Gore & Associates Inc., Bracco Group, LivaNova PLC, Meril Life Sciences Pvt. Ltd., Biotronik SE & Co. KG, CryoLife Inc., HeartWare International Inc., Direct Flow Medical Inc., Berlin Heart GmbH, CVRx Inc., Micro Interventional Devices Inc., Jarvik Heart Inc, CardioKinetix Inc, Xeltis AG, Ancora Heart Inc, ReliantHeart Inc.
Contents of the report:
1. Executive Summary
2. Congestive Heart Failure Treatment Devices Market Report Structure
3. Congestive Heart Failure Treatment Devices Market Trends And Strategies
4. Congestive Heart Failure Treatment Devices Market - Macro Economic Scenario
5. Congestive Heart Failure Treatment Devices Market Size And Growth
…..
27. Congestive Heart Failure Treatment Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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