Market Overview
Cardiac implants are specifically designed to monitor irregular heartbeats in people with heart rhythm disorders. Such disorders are mainly caused by problems associated with the heart’s electrical system, which signals the heart to pump blood throughout the body. Devices comprise implantable cardioverter defibrillators, pacemakers, implantable hemodynamic monitoring, cardiac resynchronization therapy, and implantable heart rhythm monitors, which are also referred to as loop recorders. The global cardiac implants market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.82%, surpassing a valuation of USD 38,054.3 million during the forecast period (2019-2023).
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Cardiac implants are extensively used to treat myocardial ischemia, acute myocardial infarction, and arrhythmias. The increasing prevalence of geriatric population along with demographic changes across the globe are considered primary growth stimulants of the cardiac implants market. Surging regulatory approval for cardiac implants will encourage the adoption of cardiac implants across the globe. Healthcare organizations and hospitals indicate cardiovascular implants at risk of cardiac disorders to offer artificial control in patient’s heartbeat. The rising number of regulatory approvals for advanced and innovative cardiac implant devices will facilitate the market growth in the foreseeable future.
The surging prevalence of cardiovascular diseases across the globe has led to increased adoption of cardiac implants. The rising focus on R&D is considered a key trend impacting the market positively. Vendors involved in cardiac implants are highly focusing on the development of innovative cardiac implants like dual-chamber leadless pacemaker and wireless endocardial pacing systems. Such developments will drive the market growth in the years to come.
On the contrary, infections related to implantable pacemakers in cardiac patients will remain a major restraining factor to the market growth across the globe.
Global Cardiac Implants Market: Segmental Analysis
The cardiac implants market has been segmented on the basis of device, indication, and end users.
By device, the market is segmented into prosthetic heart valve devices, coronary stents, and others.
By indication, the market is classified into heart failure, arrhythmias, and others.
Considering the end use segment, the market is segmented into cardiac care centers, hospitals, and others. Of these, the hospital segment is likely to gain prominence due to favorable reimbursement policies.
Regional Frontiers
Geographically, the cardiac implants market spans across America, Europe, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, America is predicted to command the largest market share, mainly due to the soaring incidences of cardiac diseases, coupled with the increased adoption rate of cardiac implantable electronic devices in the region. Moreover, increased demand for the pacemaker, especially in North America will contribute to the market’s growth.
The market in Europe will experience considerable growth owing to increased funding from the government for, healthcare, coupled with the rising initiatives by the insurance companies for heart patients.
The Asia Pacific will expand at the fastest rate during the foreseeable future. The growth can be credited to the rising geriatric population, increasing popularity of medical tourism, and changing lifestyle of the population. Surging preferences for technologically advanced products for cardiac rhythm management and increased concerns regarding healthcare for stroke prevention will encourage the regional market’s growth.
Industry Updates
August 2019: The U.S. FDA has recently approved a heart implant, which offers therapeutic stimulation to the patients suffering from advanced heart failure. The device named the Barostim Neo System is a cardiac neuromodulator, which helps to stimulate the baroreceptors of patients not suited for heart failure treatments such as cardiac resynchronization therapy.
Competitive Dashboard
The top players operating in the cardiac implants market include Amg International (Germany), Abbott (US), B. Braun Melsungen AG (Germany), Edwards Lifesciences Corporation (US), Boston Scientific Corporation (US), Biotronik (US), Medtronic Plc (US), LivaNova PLC (UK), Terumo Corporation (Japan), and SynCardia Systems, Inc. (Arizona).
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The global autism disorder and treatment market is expected to exhibit a CAGR of 4.37% over the forecast period from 2017 to 2023, according to a new report from Market Research Future (MRFR). The global autism disorder and treatment market was valued at USD 5,143.6 million in 2016 and is likely to exhibit rapid growth over the forecast period due to the rising awareness about autism spectrum disorders (ASD) and the growing efforts being put into drug development for treating autism.
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Autism spectrum disorders are a range of neurobehavioral disorders that affect the ability of the patients to communicate with others. The diseases may also manifest in the form of a lack of social skills, difficulty in understanding nonverbal communication as well as speech, and other symptoms. The etiology and development of autism is not well understood, but the symptoms present themselves most strongly around the age of two to three years. The treatment of autism spectrum disorders is also not well understood, with several options being present in the global market but none presenting a foolproof solution, due to the simple fact that ASD presents differently in each child, with the unique strengths and weaknesses of each individual autism patient needing to be taken into account before a decision is made regarding the long-term treatment plan for the disease.
Growing awareness about autism spectrum disorders is likely to be a major driver for the global autism disorder and treatment market over the forecast period, as the overall awareness about the prevalence of autism spectrum disorders and their treatment is lacking, especially in emerging economies. Growing efforts into autism research are likely to remain a key driver for the global autism disorder and treatment market over the forecast period. Rising efforts by parents to seek out individually oriented treatments for autistic children are likely to be a major driver for the global autism disorder and treatment market.
Segmentation:
The global autism disorder and treatment market is segmented by type, treatment type, drugs, and region.
By type, the global autism disorder and treatment market is segmented into Asperger syndrome, pervasive developmental disorder, and others. Pervasive developmental disorder holds the highest share in the global autism disorder and treatment market and is likely to grow at a CAGR of 4.73% over the forecast period.
By treatment type, the autism disorder and treatment market is segmented into ABA (applied behavioral analysis), hyperbaric oxygen therapy, chelation therapy, oxytocin therapy, and others. The applied behavior analysis segment holds a dominant share of close to 40% in the global autism disorder and treatment market, followed by chelation with 19%. The ABA segment is expected to grow at a rapid 4.82% CAGR over the forecast period, further increasing its dominance in the global autism disorder and treatment market.
By drug, the market is segmented into SSRIs, anti-convulsant, stimulants, and anti-psychotic medication. The anti-psychotic medication segment accounted for the largest share in the global autism disorder an treatment market in 2016 and is expected to exhibit a robust 3.95% CAGR over the forecast period. Anti-psychotics are further segmented into Abilify (aripiprazole) and Risperidone.
Regional Analysis:
The global autism disorder and treatment market is segmented by region into the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas segment holds the dominant share in the global autism disorder and treatment market due to the growing prevalence of autism in the region and the high awareness among parents about the disease. The increasing availability of advanced autism disorder medication and treatment in the U.S. and Canada is likely to be the major driver for the autism disorder and treatment market in the Americas over the forecast period.
Competitive Analysis:
Leading players in the global autism disorder and treatment market include Pfizer Inc., Allergan, Teva Pharmaceutical Industries Ltd., Novartis AG, Bristol-Myers Squibb, Coronis Partners Ltd., Heptares Therapeutics Limited, Saniona AB, Intra-Cellular Therapies Inc., Curemark LLC, Otsuka Holdings Co. Ltd., Johnson & Johnson Services Inc., Consern Pharma Private Limited, Merck & Co. Inc., and Eli Lilly and Company.
Industry Updates:
Delta Township, Michigan will celebrate “Delta for Autism Awareness Day” on March 18. Such local-level efforts to raise awareness could be crucial for the global autism disorder and treatment market over the forecast period.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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