The congestive heart failure treatment devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Congestive Heart Failure Treatment Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The congestive heart failure treatment devices market size has grown strongly in recent years. It will grow from $18.22 billion in 2023 to $19.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to the shift towards less invasive surgical techniques, the demand for minimally invasive structural heart devices, ongoing training and education programs for healthcare professionals, rising healthcare expenditure, and growing patient preference for non-surgical or minimally invasive treatment options.
The congestive heart failure treatment devices market size is expected to see strong growth in the next few years. It will grow to $26.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to the increasing aging population, growing awareness about heart health, the implementation of screening programs, favorable reimbursement policies for structural heart procedures, and timely regulatory approvals for new structural heart devices. Major trends in the forecast period include increasing adoption of transcatheter valve replacement, ongoing development of innovative devices with advanced materials, growing emphasis on personalized treatment approaches, increasing adoption of hybrid procedures, and integration of remote monitoring and telehealth solutions.
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Scope Of Congestive Heart Failure Treatment Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Congestive Heart Failure Treatment Devices Market Overview
Market Drivers –
The congestive heart failure treatment devices market size has grown strongly in recent years. It will grow from $18.22 billion in 2023 to $19.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to the shift towards less invasive surgical techniques, the demand for minimally invasive structural heart devices, ongoing training and education programs for healthcare professionals, rising healthcare expenditure, and growing patient preference for non-surgical or minimally invasive treatment options.
The congestive heart failure treatment devices market size is expected to see strong growth in the next few years. It will grow to $26.57 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to the increasing aging population, growing awareness about heart health, the implementation of screening programs, favorable reimbursement policies for structural heart procedures, and timely regulatory approvals for new structural heart devices. Major trends in the forecast period include increasing adoption of transcatheter valve replacement, ongoing development of innovative devices with advanced materials, growing emphasis on personalized treatment approaches, increasing adoption of hybrid procedures, and integration of remote monitoring and telehealth solutions.
Market Trends –
Major companies operating in the congestive heart failure treatment devices market are developing innovative products, such as pacemakers with Bluetooth connectivity, to gain a competitive edge in the market. Pacemakers with Bluetooth connectivity are medical devices that regulate heart rhythms and can wirelessly transmit data to healthcare providers for monitoring and adjustments. For instance, in June 2021, Microport Crm S.R.L., a France-based medical devices company, announced the launch of Alizea and Borea pacemakers with Bluetooth connectivity and streamlined remote monitoring. These pacemakers are equipped with Bluetooth technology, enabling cardiologists to monitor the devices remotely and minimizing the need for patients to travel to hospitals for routine check-ups. The SmartView Connect home monitor supports this remote monitoring by providing detailed reports on the system’s performance. Alizea and Borea pacemakers are compact and have a projected lifespan of 13 years. They include advanced features such as SafeR mode and real-time EGM. These pacemakers aim to enhance healthcare management by reducing hospital visits and ensuring continuous monitoring and follow-up.
The congestive heart failure treatment devices market covered in this report is segmented –
1) By Product: Cardiac Pacemaker, Implantable Cardioverter Defibrillators (ICDs), Cardiac Resynchronization Therapy Devices (CRT), Counter Pulsation Devices, Ventricular Assist Devices (VADs)
2) By Application: Left Ventricular Assist Device (LVAD), Right Ventricular Assist Device (RVAD), Biventricular Assist Device (BIVAD)
3) By End-User: Hospitals And Clinic, Specialized Cardiovascular Disease Treatment Centers, Ambulatory Surgery Centers
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Regional Insights –
North America was the largest region in the congestive heart failure treatment devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the congestive heart failure treatment devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the congestive heart failure treatment devices market are developing innovative products, such as pacemakers with Bluetooth connectivity, to gain a competitive edge in the market. Pacemakers with Bluetooth connectivity are medical devices that regulate heart rhythms and can wirelessly transmit data to healthcare providers for monitoring and adjustments. For instance, in June 2021, Microport Crm S.R.L., a France-based medical devices company, announced the launch of Alizea and Borea pacemakers with Bluetooth connectivity and streamlined remote monitoring. These pacemakers are equipped with Bluetooth technology, enabling cardiologists to monitor the devices remotely and minimizing the need for patients to travel to hospitals for routine check-ups. The SmartView Connect home monitor supports this remote monitoring by providing detailed reports on the system’s performance. Alizea and Borea pacemakers are compact and have a projected lifespan of 13 years. They include advanced features such as SafeR mode and real-time EGM. These pacemakers aim to enhance healthcare management by reducing hospital visits and ensuring continuous monitoring and follow-up.
Table of Contents
1. Executive Summary
2. Congestive Heart Failure Treatment Devices Market Characteristics
3. Congestive Heart Failure Treatment Devices Market Trends And Strategies
4. Congestive Heart Failure Treatment Devices Market – Macro Economic Scenario
5. Global Congestive Heart Failure Treatment Devices Market Size and Growth
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32. Global Congestive Heart Failure Treatment Devices Market Competitive Benchmarking
33. Global Congestive Heart Failure Treatment Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Congestive Heart Failure Treatment Devices Market
35. Congestive Heart Failure Treatment Devices Market Future Outlook and Potential Analysis
36. Appendix
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