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Arrhythmia Market Size, Share, Growth, Trends, Analysis, Forecast To 2033
Arrhythmia Market Size
As per the report, the arrhythmia market size has grown strongly in recent years. It will grow from $7.43 billion in 2023 to $8.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The arrhythmia market size is expected to see strong growth in the next few years. It will grow to $10.93 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
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Cardiac Disease Epidemic Fuels The Growth Of The Arrhythmia Market
The rising prevalence of cardiac disease and other heart problems is expected to propel the growth of the arrhythmia market going forward. Cardiac disease or cardiovascular disease refers to a collection of heart and blood vessel conditions, including several conditions such as atherosclerosis, heart attack, stroke, and arrhythmia, among others. Both functional defects, including diastolic and systolic dysfunction, and electrical defects, including the development of arrhythmias, can result in a high prevalence of heart failure, atrial fibrillation, and other cardiovascular diseases. For instance, in October 2022, according to the CDC (Centers for Disease Control and Prevention), a US-based government agency, every year in the United States, there were estimated to be 69.7k heart disease-related deaths and 80.5k heart attacks every year. [i] Thus, the rising prevalence of cardiac disease and other heart problems is driving the growth of the arrhythmia market.
Revolutionary Therapies Offers Promising Advancements In Arrhythmia Treatment.
New therapies for treatment are a key trend in the arrhythmia market. Major players operating in the market are advancing toward developing new therapies, such as cryoablation therapy, an innovative treatment used in patients with arrhythmias. For instance, in November 2021, Aster Medcity, an India-based quaternary care healthcare center, launched the state-of-the-art heart disease treatment Cryoablation Therapy, an innovative procedure that inhibits abnormal electrical pathways that cause strokes and heart failures and restores a normal heartbeat. Using advanced imaging technology, the catheter is passed through a blood vessel in the patient's leg and routed to the heart. Nitrous oxide gas is injected into a cryoballoon, which cools the tissue and produces ablation lesions inside the heart. By using a balloon and a low temperature, this treatment is capable of completing the process without damaging other cells.
The arrhythmia market covered in this report is segmented -
1) By Type: Supraventicular Tachycardias, Ventricular Arrhythmias, Bradyarrhythmias, Other Types
2) By Test Equipment: Electrocardiogram (ECG), Holter Monitor
3) By Hearth blocks: First degree heart block, Second degree heart bloc, Third Degree heart block
4) By Distribution Channel: Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies
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Major companies operating in the arrhythmia market report are Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, AliveCor Inc., Biotronik SE & Co. KG, Biotricity Inc., GE Healthcare, Koninklijke Philips N.V., Nihon Kohden Corporation, Spacelabs Healthcare, Welch Allyn Inc., Mylan N.V., Lepu Medical Technology Co. Ltd., iRhythm Technologies Inc., BioTelemetry Inc., Fukuda Denshi Co. Ltd., Smart Solutions Technologies Inc., Biosense Webster Inc., Cardiac Science Corporation, CardioComm Solutions Inc., CardioNet LLC, NUUBO SMART SOLUTIONS S.L., Cardiva Medical Inc., Osypka AG, Johnson & Johnson Services Inc., Pfizer Inc, Teva Pharmaceutical Industries Ltd, Applied Cardiac Systems, Acutus Medical, EP Solutions SA
Contents of the report:
1. Executive Summary
2. Arrhythmia Market Report Structure
3. Arrhythmia Market Trends And Strategies
4. Arrhythmia Market - Macro Economic Scenario
5. Arrhythmia Market Size And Growth
…..
27. Arrhythmia Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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