The arrhythmia 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.
Arrhythmia 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 arrhythmia market size has grown strongly in recent years. It will grow
from $7.43 billion in 2023 to $8.01 billion in 2024 at a compound annual growth
rate (CAGR) of 7.8%. The growth in the historic period can be
attributed to increased lifestyle-related risk factors, rise in cardiovascular
diseases, improvements in implantable devices, global increase in cardiac
surgery, growing demand for remote monitoring, research and development in
antiarrhythmic drugs.
The arrhythmia market size is expected to see strong growth in the next few
years. It will grow to $10.93 billion in 2028 at a compound annual growth rate
(CAGR) of 8.1%. The growth in the
forecast period can be attributed to expanding awareness and education,
personalized medicine approaches, expansion of electrophysiology labs, focus on
early detection and prevention, genetic screening for familial arrhythmias,
healthcare infrastructure development. Major trends in the forecast period
include advancements in cardiac monitoring technologies, telehealth and remote
patient monitoring, focus on atrial fibrillation (af) detection and management,
implantable devices for arrhythmia management, innovations in ecg monitoring
devices, regulatory focus on medical device approvals.
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Scope Of Arrhythmia 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.
Arrhythmia Market Overview
Market Drivers -
The rising prevalence of cardiac disease and other heart problems is expected
to propel the growth of the arrhythmia market going forward. Cardiac disease or
cardiovascular disease refers to a collection of heart and blood vessel
conditions, including several conditions such as atherosclerosis, heart attack,
stroke, and arrhythmia, among others. Both functional defects, including
diastolic and systolic dysfunction, and electrical defects, including the
development of arrhythmias, can result in a high prevalence of heart failure,
atrial fibrillation, and other cardiovascular diseases. For instance, in
October 2022, according to the CDC (Centers for Disease Control and
Prevention), a US-based government agency, every year in the United States,
there were estimated to be 69.7k heart disease-related deaths and 80.5k heart
attacks every year. [i] Thus, the rising prevalence of cardiac disease and
other heart problems is driving the growth of the arrhythmia market.
Market Trends -
New therapies for treatment are a key trend in the arrhythmia market. Major
players operating in the market are advancing toward developing new therapies,
such as cryoablation therapy, an innovative treatment used in patients with
arrhythmias. For instance, in November 2021, Aster Medcity, an India-based
quaternary care healthcare center, launched the state-of-the-art heart disease
treatment Cryoablation Therapy, an innovative procedure that inhibits abnormal
electrical pathways that cause strokes and heart failures and restores a normal
heartbeat. Using advanced imaging technology, the catheter is passed through a
blood vessel in the patient's leg and routed to the heart. Nitrous oxide gas is
injected into a cryoballoon, which cools the tissue and produces ablation lesions
inside the heart. By using a balloon and a low temperature, this treatment is
capable of completing the process without damaging other cells.
The arrhythmia market covered in this report is segmented –
1) By Type: Supraventicular Tachycardias, Ventricular Arrhythmias,
Bradyarrhythmias, Other Types
2) By Test Equipment: Electrocardiogram (ECG), Holter Monitor
3) By Hearth blocks: First degree heart block, Second degree heart bloc, Third
Degree heart block
4) By Distribution Channel: Hospitals Pharmacies, Retail Pharmacies, Online
Pharmacies
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Regional Insights -
North America was the largest region in the arrhythmia market in 2023. The
regions covered in the arrhythmia market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies operating in the arrhythmia market report are Medtronic plc,
Abbott Laboratories, Boston Scientific Corporation, AliveCor Inc., Biotronik SE
& Co. KG, Biotricity Inc., GE Healthcare, Koninklijke Philips N.V., Nihon
Kohden Corporation, Spacelabs Healthcare, Welch Allyn Inc., Mylan N.V., Lepu
Medical Technology Co. Ltd., iRhythm Technologies Inc., BioTelemetry Inc.,
Fukuda Denshi Co. Ltd., Smart Solutions Technologies Inc., Biosense Webster
Inc., Cardiac Science Corporation, CardioComm Solutions Inc., CardioNet LLC,
NUUBO SMART SOLUTIONS S.L., Cardiva Medical Inc., Osypka AG, Johnson &
Johnson Services Inc., Pfizer Inc, Teva Pharmaceutical Industries Ltd, Applied
Cardiac Systems, Acutus Medical, EP Solutions SA
Table of Contents
1. Executive Summary
2. Arrhythmia Market Report Structure
3. Arrhythmia Market Trends And Strategies
4. Arrhythmia Market – Macro Economic Scenario
5. Arrhythmia Market Size And Growth
…..
27. Arrhythmia Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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