The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

According to The Business Research Company’s report on Heart Blocks Treatment Devices, the global market is projected to increase from $2.92 billion in 2022 to $3.11 billion in 2023, with a 6.44% CAGR. By 2027, the market size is estimated to reach $3.88 billion, growing at a 5.67% CAGR.

What was the major driver in the heart blocks treatment devices market?
The heart blocks treatment devices market is driven by the increasing prevalence of cardiovascular disease. Cardiovascular conditions, including coronary artery disease, heart failure, and stroke, impact the heart and blood vessels. Factors contributing to the growing incidence of cardiovascular disease include an aging population, lifestyle changes, dietary shifts, rising obesity rates, and diabetes. Heart blocks treatment devices address heart structure abnormalities and blocks to treat cardiovascular disorders. For example, in 2020, the Center for Disease Control and Prevention reported nearly 697,000 heart disease-related deaths in the U.S., accounting for 1 in 5 deaths. Additionally, it’s projected that around 12.1 million people in the U.S. will have atrial fibrillation (AFib) by 2030. Hence, the increasing prevalence of cardiovascular disease fuels the heart blocks treatment devices market’s growth.

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What was the key trend in the heart blocks treatment devices market?
Technological advancements are a prominent trend in the heart blocks treatment devices market. Leading companies in this sector embrace new technologies to maintain their market position. For example, in January 2023, Medtronic, a U.S.-based company, launched Micra AV, the world’s smallest pacemaker designed to treat heart block. This miniature, self-contained pacemaker uses minimally invasive techniques and innovative pacing technology to address atrioventricular (AV) block in patients. Notably, Micra AV is the first pacemaker capable of detecting atrial activity in the upper chamber of the heart without requiring a lead or other accessory.

Which was the largest region in the heart blocks treatment devices market?
North America was the largest region in the heart blocks treatment devices market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heart blocks treatment devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the heart blocks treatment devices market prominent players?
Major players in the heart blocks treatment devices market are MicroPort Scientific Corporation, GE HealthCare, Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, Nihon Kohden Corporation, Lepu Medical Technology (Beijing) Co., Zoll Medical Corporation, LivaNova PLC, Abiomed Inc., Cardiac Dimensions, EBR Systems Inc., Endotronix Inc., Calon Cardio, CVRx Inc., BioVentrix Inc., CorWave SA, Leviticus Cardio, BiVACOR, Biotronik SE and CO KG, CorMatrix Cardiovascular, Shree Pacetronix Ltd., Jarvik Heart Inc., and Osypka Medical GmbH.

Key heart blocks treatment devices market segments
The global heart blocks treatment devices market is segmented –
1) By Type: Ventricular Assist Devices (LVAD), Intra-Aotic Baloon Pumps, Total Artificial Heart
2) By Application: Hospital Pharmacies, Ambulatory Surgical Centres, Emergency Services
3) By Modality: Transcutaneous, Implantable

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The Heart Blocks Treatment Devices Global Market Report 2023  provides a comprehensive overview on the heart blocks treatment devices market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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