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Total Views: 115Word Count: 414See All articles From Author Cardiac Resynchronization Therapy Systems Market is Projected to Expand at a CAGR of 5.3% Between 2017 and 2025
Cardiac Resynchronization Therapy Systems Market: Snapshot
Heart failure is one of the most common chronic condition in which pumping action of our heart is affected. Improper contraction and relaxation of heart muscles renders it unable to pump blood efficiently. Prevalence of heart failure is expected to increase exponentially worldwide due to change in lifestyle and various factors such as malnutrition, genetic mutations, and others. Globally 26 million people are affected by heart failure. Cardiac resynchronization therapy (CRT) systems are used to treat conditions such as heart failure. The global cardiac resynchronization therapy systems market was valued approximately US$ 3.1 Bn in 2016 and is anticipated to register CAGR of over 5.3% from 2017 to 2025 to reach value of approximately US$ 4.8 Bn by 2025. There are two types of cardiac resynchronization therapy devices; cardiac resynchronization therapy pacemaker and cardiac resynchronization therapy defibrillator. The cardiac resynchronization therapy system device works by resynchronizing the contractions of heart ventricles by sending the electrical signals to the heart muscle. The cardiac resynchronization therapy devices have been evolved from pacemaker technology. This therapy has significantly reduce the mortality rate caused due to heart failure. Due to use of cardiac resynchronization therapy for treatment of heart failure patients, there are lower number of deaths occurring as a result of sudden cardiac arrest in heart failure patients.
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Cardiac Resynchronization Therapy Systems Market: Segment outlook
The global cardiac resynchronization therapy systems market has been segmented based on product type and geography. Considering the product type the global Cardiac Resynchronization Therapy Systems Market is classified in to major segments- Cardiac Resynchronization Therapy Pacemaker and Cardiac Resynchronization Therapy Defibrillator. In 2016 cardiac resynchronization therapy defibrillator accounted for the major market share in terms of revenue. Growth in incidence of heart failure cases and development of innovative technology for cardiac resynchronization is likely to drive the market during forecast period. Moreover nike air max 95 tilbud , technological advancements foster the growth of the global cardiac resynchronization therapy systems market. There is a growing need for MRI-compatible pacemakers in the market. Development of MRI-compatible technology and increasing regulatory approvals would fulfill the unmet needs of patients and propel the cardiac resynchronization therapy systems market growth during the forecast period.