Report Code: A08080 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Cardiac resynchronization therapy is a treatment for heart failure in patients with abnormal ventricular contraction. Heart muscles weaken due to heart failure resulting in inadequate blood pumping to other body parts and fluid accumulation begins in lungs and legs. This condition be worsens if ventricles aren’t synced with each other while beating. Cardiac resynchronization therapy (CRT) is a procedure to implant a device called a biventricular pacemaker (also called a cardiac resynchronization device) in chest to improvise contraction of heart chambers and make it normal. Pacemaker sends electrical signals to both ventricles. These signals trigger the ventricular contraction to be in coordination and improves the blood pumping as well. Often, pacemaker also contains an implantable cardioverter-defibrillator (ICD), which can deliver an electrical shock to reset the heartbeat, in situations where heart rhythm becomes extremely erratic. Cardiac resynchronization therapy also aids in reduction of symptoms of heart failure and lower your risk of heart failure and related complications, including death. Clinical studies also suggest that CRT decreases hospitalization and morbidity as well as improves in quality of life for the heart failure patients.
COVID-19 scenario analysis:Â
Rise in cardiovascular diseases, sedentary lifestyle with desk-bound jobs, increase in the geriatric population, technological advancements in CRT and investments in R&D activities related to cardiac diseases are the major driving forces in cardiac resynchronization therapy market growth. For instance, the American Heart Association estimates approximately 90,000 CRT devices procedures in the U.S. for year 2018. As per the Global Health and Wellness Report published in 2018, in United States approximately 40% of the adult population were diagnosed with a cardiovascular conditions with some of them leading to heart failure which resulted in higher demand for advanced and efficient treatment and upgraded cardiovascular devices to treat the patients fostering the growth of the market throughout.
Investments in R&D activities cardiac resynchronization therapy is expected to foster the cardiac resynchronization therapy market growth. In 2017, Resonate cardiac resynchronization therapy defibrillator (CRT-D) system was launched by Boston Scientific Corporation in European market. Such technological innovations in cardiac resynchronization therapy are expected to spike the growth of cardiac resynchronization therapy market. On the contrary, the lack of skilled healthcare professionals in the developing and under-developed economies to use the advanced equipment and risks surrounding the use of the equipment such as the possibility of infection during surgery, allergic reactions of the body against the device, failure of effectively treating the patient and the stringent guideline issued by regulatory authorities are hampering the growth of cardiac arrest treatment market.
Systolic heart failure is a major problem in U.S., with 550,000 new cases diagnosed and 287,000 deaths every year. Pharmacologic therapy has drastically improved outcomes in patients with heart failure, but hospitalizations from heart failure continue to increase the cost burden. Cardiac resynchronization therapy (CRT), introduced in the 1990s has been a revolution for many patients with persistent symptoms of systolic heart failure. The industry has been upgrading and innovating for providing better quality of life and higher survival chances for the patients. For instance, Medtronic announced FDA approval for their MR-Conditional CRT-Pacemakers. These MRI compatible pacemakers, are the first in the U.S. market, and will enable Medtronic to benefit through first mover advantage in the U.S. The major objective of CRT is to restore normal beating synchrony of the heart. There is strong evidence from randomized trials showing that CRT combined with selective medical therapy improves heart failure symptoms, increases blood flow and quality of life, while decreasing heart failure hospitalizations and reducing mortality. Implantable device (pacemaker) aids in efficient beating of the heart. According to research presented at the American College of Cardiology, patients with mild heart failure who integrates cardiac resynchronization therapy defibrillator device, live longer life than those implanted with a traditional implantable cardioverter defibrillator. CRT therapy works for about 70% cases of heart failure. Rising awareness about benefits is significantly helping the cardiac resynchronization therapy market to boost its growth in near future.
The sedentary lifestyle is further expected to surge the market. According to World Health Organization (WHO), sedentary lifestyles proves to be fatal for around 5.3 million people every year globally, with minimum 300,000 premature deaths and $90 billion are spent in directly as healthcare costs to reduce problems caused by obesity and sedentary lifestyle yearly in the U.S. Physical inactivity causes around 2 million deaths every year forcing WHO to issue a warning regarding sedentary lifestyle being among top ten major causes of death and disability around the world. The US Department of Health and Human Service, stated only one in three children are physically active every day in the U.S. Thus, the rising sedentary lifestyle would cause cardiac problems creating opportunities for cardiac arrest market growth. Lifestyle factors such as a sedentary lifestyle, preference for junk food, smoking and unhealthy consumption of alcohol will lead to a rise in the number of cases with cardiac diseases and thus will help the cardiac resynchronization market to grow.
World Health Organization (WHO) in their report, mentioned the rate of obesity has tripled since 1975 worldwide. In 2016, over 1.9 billion adults belonging to age group 18 years or above were overweight and out of them, over one third of people were obese. These factors increase the risk of cardiovascular diseases significantly and eventually increase the chances of having a cardiac arrest. As a result, problems arising due to obesity would create growth pockets for cardiac resynchronization therapy market.
Key benefits of the report:
Questions answered in the Cardiac Resynchronization Therapy Market research report:
Cardiac Resynchronization Therapy Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights
Aspects | Details |
---|---|
By Type |
|
By Application |
|
By End users |
|
By Region |
|
Key Market Players | Lepu Medical Technology Co. Ltd., LivaNova PLC, Microport Scientific Corporation, Johnson & Johnson, Biotronik, Abbott Laboratories, Cook Group Inc., Medico S.P.A, Boston Scientific Corporation, Medtronic PLC |
Loading Table Of Content...
Start reading.
This Report and over 71,297+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time for readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers