Cardiac Resynchronization Therapy (CRT) Market Expand At A CAGR Of 7.9% By 2025
Posted by Neha Bora on September 30th, 2019
San Francisco, 30 September 2019: The Report Cardiac Resynchronization Therapy (CRT) Market Size Report By Product (Cardiac Resynchronization Therapy Pacemakers, Cardiac Resynchronization Therapy Defibrillators), By Region, And Segment Forecasts, 2018 – 2025
The global cardiac resynchronization therapy (CRT) market is expected to reach USD 9.2 billion by 2025, according to a new report by Grand View Research, Inc. Increasing prevalence of cardiac disorders and rising incidences of heart failure are expected to boost the CRT market growth over the forecast period.
According to statistics published by the Sudden Cardiac Arrest Foundation in 2016, about 6.0 million people within the U.S. region suffer from cardiac disorders, of which 0.8 million are affected by atrioventricular block leading to cardiac failure. Such a huge number leads to an increased cost of about USD 20.0-56.0 billion annually. CRT devices are being predominantly used to prevent the surgical cost and readmission rate in hospitals, thereby propelling its growth.
In addition, the on-going research to develop smaller, wireless/leadless and long-lasting CRT devices is expected to be a vital impact rendering driver. For instance, in September 2016, EBR Systems Inc., announced that it had attained the FDA Investigational Device Exemption (IDE) consent for their Wireless Stimulation Endocardially (WiSE) technology in the U.S.
This technology is capable of stimulating the left ventricle internally leading to superior performance in comparison to devices with pacing systems placed near the collar bone. The study is expected to be started by mid-2017 with complete support by the FDA in terms of regulatory compliance, and financial aid.
Access Research Report of Cardiac Resynchronization Therapy (CRT) Market @ www.grandviewresearch.com/industry-analysis/cardiac-resynchronization-therapy-devices-market
Further Key Findings From the Study Suggest:
Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global CRT market on the basis of product and region:
CRT Product Outlook (Revenue, USD Million, 2014 - 2025)
Regional Outlook (Revenue, USD Million, 2014 - 2025)
Access Press Release of Cardiac Resynchronization Therapy (CRT) Market @ www.grandviewresearch.com/press-release/global-cardiac-resynchronization-therapy-devices-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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About the AuthorNeha Bora
Joined: September 16th, 2019
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