Increase in the prevalence of heart diseases globally driving the CRT devices market. Rise in the demand of invasive techniques in the CRT devices market. Moreover, advances in the technologies and rise in the adaptability of the CRT devices are filling the market of the CRT devices. However, in CRT therapy such as surgical site infection, failure to deliver the optimal therapy when it is needed, the sensitivity to the device material is hindering the growth of CRT devices market.
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Global CRT Devices device market is segmented based on device type, and end-user
Based on type of device, CRT market is segmented into
- CRT pacemakers
- CRT defibrillators
Based on end-user, CRT devices market is segmented into
- Hospitals
- Clinics
- Ambulatory Surgical Centers
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CRT device market is expected to show significant growth rate during the period due to the high prevalence of cardiac diseases. Cardiovascular diseases can be. 17.5 Mn people died from the cardiovascular diseases which accounted for 31% of the world’s deaths in the year 2012. Cardiovascular diseases can be prevented by the risks of cigarette smoking, unhealthy diet and obesity, players in the market are focusing on the R & D investments to improve the product quality and to minimize manufacturing costs of the patient. For example, Medtronic and St. Jude Medical (Abbott laboratories) offers leadless pacemakers for the implantation of the equipment in the right ventricle. Moreover, increase in the usage of MRIs in clinical applications.
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Some of the players in cardiac resynchronization therapy are Medtronic (US), Abbott Laboratories (US), Biotronik (Germany), LivaNova Plc. (UK), and Boston Scientific Corporation (US) to name a few.
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