Heart Blocks Treatment Market Report

Heart Blocks Treatment Market Analysis Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020

Format: PDF  |  Report ID: GVR1338

Increasing prevalence of cardiovascular disorders and growing global geriatric population is expected to serve as high impact rendering driver for the heart blocks treatment market over the forecast period. Furthermore, minimally invasive cardiovascular treatment and evolution of pacemakers coupled with changing lifestyle, genetic disorder and developing healthcare infrastructure are expected to boost market growth. Minimally invasive cardiovascular surgeries are now preferred over open surgeries, owing to the advantages associated with it such as lower risk of bleeding and infection, shorter duration of stay at hospital, shorter recovery duration, and minimal surgical scarring.

Heart blocks treatment market is segmented on the basis of type, treatment and end-use. On the basis of type, the market is classified into, first-degree heart block, second-degree heart block and third-degree heart block. As of 2013, first-degree heart block held the largest market share. Key factors attributing to its large share includes rising prevalence of first-degree hearth block due to improper lifestyle and lack of physical activity. Transcutaneous pacing (TCP), pacemaker, medication and follow-up electrophysiology study are amongst treatment options included in the scope of study. Pacemakers held the majority of market share in 2013. Key factors attributing for the higher uses of pacemakers include its small size and non-reactive metallic encasing, easily to implant, automatic resynchronization of the heart and enhances electric signal across the heart. Pacemakers are implanted just below the collar bone to be in proximity to the arterial chambers. These pacemakers helps in improving the patient’s life quality, lower risk of heart related problems and death due to sudden cardiac events.

Geographically, the heart blocks treatment market is studied with respect to North America, Europe, Asia Pacific and RoW. North America emerged as the most lucrative regional market owing to the presence of strong R&D, availability of advanced technology, favorable reimbursement policies and increased patient awareness. Asia Pacific is expected to grow at a lucrative CAGR over the forecast period owing to economic development in countries such as India and China coupled with increasing healthcare expenditure, growing patient awareness pertaining to the heart related disorders.

Key players operating in heart blocks treatment include, Boston Scientific Corporation, Medtronic Inc., BIOTRONIK SE & Co. KG., Sorin Group and St. Jude Medical, Inc.

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