w w w. e m e r g e n r e s e a r c h . c o m Cardiac Resynchronization Therapy Market Size Worth USD 6.75 Billion in 2032 Increasing prevalence of Cardiovascular Diseases (CVDs) is a key factor driving market revenue growth
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Market Summary The global Cardiac Resynchronization Therapy (CRT) market size was USD 4.20 Billion in 2022 and is expected to register a steady revenue CAGR of 4.8% during the forecast period, according to latest analysis by Emergen Research. Technological advancements, rising sedentary lifestyles, and increasing geriatric population are major factors driving market revenue growth. Therapies using an implantable device have become a crucial therapy option owing to rise in number of patients suffering from heart failure and difficulties in managing severe heart failure syndromes in clinical practice. These treatments can be divided into two main groups depending on the kind of heart failure. As a standard of care, Cardiac Resynchronization Therapy (CRT) is used to treat patients with ventricular dyssynchrony, an abnormality of heart rhythm. CRT uses an implantable biventricular pacemaker to synchronize left and right ventricles of heart and increase cardiac output. The CRT system is made up of an implantable pulse generator and insulated lead wires that are used to transmit electrical charges to the heart, aiding in restoration of heartbeat's regular timing pattern. However, high price of CRT treatment and presence of tight regulations for CRT devices over the globe are major factors, which could restrain market revenue growth. Read More : https://www.emergenresearch.com/industry-report/cardiac-resynchronization-therapy- market w w w. e m e r g e n r e s e a r c h . c o m
Market Summary Some Key Highlights From the Report The CRT- pacemaker segment accounted for largest revenue share in the global cardiac resynchronization therapy market in 2022. This is due to increasing number of senior individuals around the world, prevalence of CVD, and efforts of major market participants to enhance their offers. Also, more physicians are advising use of CRT-P for patients with heart failure who would benefit more from pacing than defibrillation, which is rising demand for CRT-P. In addition, CRT-P is an implantable pacemaker used to treat patients suffering from heart failure. Following the heart's rhythm, abnormalities can be found, and then electrical impulses can be sent to the heart to reestablish a healthy pattern. CRT-Ps, in contrast to standard pacemakers, enhance the communication between ventricles. The hospital & cardiac center segment is expected to register steadily fast revenue growth in the global CRT market during the forecast period. This is due to rising demand for CRT devices due to prevalence of surgical operations in healthcare facilities. Also, hospitals aid in lessening the prospect of unfavorable reactions to life- saving therapies. For example, on 1 July, 2021, Charlton Memorial Hospital's Cardiovascular Care Center announced the construction of an electrophysiology lab to make it more suitable for both routine and emergency procedures. In addition, increasing number of specialist clinics is another key factor driving revenue growth of this segment during the forecast period. Request Free Sample : https://www.emergenresearch.com/request-sample/1965 w w w. e m e r g e n r e s e a r c h . c o m
Market Summary Emergen Research has segmented the global CRT market on the basis of type, end-use, and region: Type Outlook (Revenue, USD Billion; 2019-2032) CRT-Defibrillators CRT-Pacemakers End-use Outlook (Revenue, USD Billion; 2019-2032) Hospital & Cardiac Centers Ambulatory Surgery Centers (ASCs) Regional Outlook (Revenue, USD Billion; 2019-2032) North America Europe Asia Pacific Latin America Middle East & Africa Request customization of the report @ https://www.emergenresearch.com/request-for- customization/1947
Parameter Details MARKET Market Size Estimation Period Base Year Considered 2020-2028 SEGMENTATION Historical Data Forecast Period 2020 Quantitative Units Segments Covered 2017-2019 Countries Included 2021-2028 Report Coverage Regions Scope Revenue in USD million & CAGR from 2020 to 2028 Customization Scope Types, Application, End-Users, Regions & more. The U.S., Germany, U.K., Italy, China, India, Japan, Pricing and Purchase Options Brazil Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends North America, Europe, Asia Pacific, Latin America, Middle East and Africa 10 hours of free customization & expert consultation Explore Different Purchase Options & Request for Discount to Avail New Year Discount w w w. e m e r g e n r e s e a r c h . c o m
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