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Transforming Heart Blocks Treatment With Minimally Invasive Technology Industry Trends Gaining Momentum in the Global Heart Blocks Treatment Devices Market
Heart Blocks Treatment Devices Market
Heart Blocks Treatment Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for devices used in the treatment of heart blocks has substantially expanded in the past few years. Its size is anticipated to increase from $3.22 billion in 2024 to reach $3.38 billion in 2025, recording a compound annual growth rate (CAGR) of 5.0%. The historical growth of this market is a result of factors such as the development of implantable cardioverter defibrillators (ICDs), advancement in cardiac resynchronization therapy (CRT), emergence of miniaturized and leadless devices, increasing engagement in clinical trials and evidence-based medicine, adherence to guidelines and recommendations, as well as the rising prevalence of cardiovascular diseases.
Heart Blocks Treatment Devices Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to undergo robust growth in the forthcoming years, the market size for devices used in heart blocks treatment is predicted to escalate to $4.4 billion by 2029, recording a compound annual growth rate (CAGR) of 6.8%. Several factors can be credited for this surge during the projection period such as advancements in wireless connectivity and remote monitoring, the widening scope of wearable cardioverter defibrillators (wcds), customised treatment approaches, focus on patient convenience and comfort, along with a rising inclination towards MRI-compatible devices. Key trends expected during this span incorporate an increasing merger of telemedicine platforms, remote adjustments and updates, maintenance driven by artificial intelligence, enhancement of user experience, and an upscaling of home-based care.
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What Are the Drivers Transforming the Heart Blocks Treatment Devices Market?
The anticipated boost of the heart blocks treatment devices market is directly attributable to the increasing occurrence of cardiovascular diseases. Heart and blood vessels are primarily influenced by these diseases which include disorders such as coronary artery disease, heart failure, and stroke. Factors such as the aging population, changes in lifestyle and eating habits, and higher obesity and diabetes incidence largely contribute to the swiftly growing prevalence of cardiovascular diseases. Treatment devices for heart blocks play a crucial role in managing cardiovascular disorders by rectifying any abnormalities or blockages in the heart's structure. As an example, data from GOV.UK, a UK government services and information provider, revealed that in 2023's fiscal year ending in March 2024, a marginal majority of around 1,862,500 individuals in England, which is around 3% of the total population, were diagnosed with coronary heart disease (CHD) by a GP. Thus, the escalating rate of cardiovascular disorders instigates the expansion of the heart blocks treatment devices market.
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What Long-Term Trends Will Define the Future of the Heart Blocks Treatment Devices Market?
The heart blocks treatment devices market is witnessing a surge in popularity brought by technological advancements. In order to maintain their market standing, companies in this sector are resorting to modern technologies. Take for example Medtronic, a US-based firm specializing in services, medical technology, and solutions, which in January 2023, unveiled the smallest pacemaker in the world for heart block treatment. Known as Micra AV, this mini, fully integrated pacemaker utilizes a minimally invasive procedure to furnish patients with an atrioventricular (AV) block with cutting-edge pacing technology. It stands as the first pacemaker capable of detecting atrial activity without relying on a lead or any other accessory in the heart's upper chamber.
Which Segments in the Heart Blocks Treatment Devices Market Offer the Most Profit Potential?
The heart blocks treatment devices market covered in this report is segmented -
1) By Type: First-Degree Heart Block, Second-Degree Heart Block, Third-Degree Heart Block
2) By Product: Transcutaneous Pacing (TCP), Pacemaker, Mediation, Follow-Up Electrophysiology Study
3) By End-User: Hospital Testing, Home Treatment, Clinics, Other End-Users
Subsegments:
1) By First-Degree Heart Block: Monitoring Devices, Pacemakers
2) By Second-Degree Heart Block: Type I (Wenckebach) Management Devices, Type II Management Devices, Pacemakers
3) By Third-Degree Heart Block: Permanent Pacemakers, Implantable Cardioverter-Defibrillators (ICDs), Cardiac Resynchronization Therapy (CRT) Devices
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Which Firms Dominate the Heart Blocks Treatment Devices Market by Market Share and Revenue in 2025?
Major companies operating in the heart blocks treatment devices market include MicroPort Scientific Corporation, GE HealthCare, Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, Nihon Kohden Corporation, Lepu Medical Technology (Beijing) Co., Zoll Medical Corporation, LivaNova PLC, Abiomed Inc., Cardiac Dimensions, EBR Systems Inc., Endotronix Inc., Calon Cardio, CVRx Inc., BioVentrix Inc., CorWave SA, Leviticus Cardio, BiVACOR, Biotronik SE and CO KG, CorMatrix Cardiovascular, Shree Pacetronix Ltd., Jarvik Heart Inc., Osypka Medical GmbH.
Which Regions Offer the Highest Growth Potential in the Heart Blocks Treatment Devices Market?
North America was the largest region in the heart blocks treatment devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heart blocks treatment devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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