Stratview Research published a new report on the Heart Blocks Treatment Devices Market that offers detailed segmentation of the market By Type (First-Degree Heart Block, Second-Degree Heart Block, Third-Degree Heart Block), By Product (Transcutaneous Pacing, Pacemaker, Mediation, Follow-up Electrophysiology Study), By End User (Hospital Testing, Home treatment, Clinics, Others) and Region.
According to the report, The Heart Blocks Treatment Devices Market is estimated to grow from USD 2.8 billion in 2020 to USD 3.8 billion by 2026 at a healthy CAGR of 5.4% during the forecast period. The rapidly growing incidence of cardiovascular disease is one of the major factors intensifying the growth and demand of heart blocks treatment devices market in the coming years. Moreover, the increasing number of geriatric inhabitants around the world is also influencing the market growth. Also, the development of pacemakers and minimally invasive cardiovascular treatment coupled with the rapidly changing standard of living are also improving the growth of the market growth during the forecast period.
The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Leading players in the market -
To build a successful business, it is vital to understanding the market - both the customers and the competitors. The report published consists of a list of key players active in the Heart Blocks Treatment Devices Market, is given below -
- Medtronic (US)
- Abbott (US)
- MicroPort Scientific Corporation (China)
- Koninklijke Philips N.V. (Netherlands)
- Boston Scientific Corporation (US)
- LivaNova PLC (UK)
- Lepu Medical Technology (Beijing) Co., Ltd. (China)
- McKesson Corporation
- SCHILLER (Switzerland)
Based on Product, the market has been classified into transcutaneous pacing, pacemaker, mediation, and follow-up electrophysiology study. The pacemaker segment accounted for a substantial market share in 2020. Growing incidences of Cardiovascular Diseases (CVDs), increasing cost of cardiac disease management, favorable government policies, and the emergence of technologically advanced pacemakers such as leadless pacemakers and MRI safe pacemakers, further bolster the segment growth.
The market in North America accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly attributed to the strong presence of well-developed healthcare infrastructure, increasing investment in R&D activities, higher adoption of these technologies, and favorable government initiatives. Moreover, the favorable reimbursement policies, high rate of R&D activities, easy availability of advanced technology, and enhanced patient knowledge within the region, further proliferates the regional growth.
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