Growth of Global Heart Blocks Treatment Market Shifts into High Gear with Rise in Geriatric Population
The global market for heart block treatments has been witnessing rapid growth over recent years owing to the surging prevalence of various heart diseases. Transparency Market Research, in a report, titled “Heart Blocks Treatment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020,” provides readers an in-depth evaluation of the various factors driving and hampering this market. The global heart blocks treatment market is also fueled by the rising percentage of geriatric population, the stressful lifestyles of the urban population, and the rapid improvements in healthcare facilities across the globe.
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Heart block, or atrioventricular block, is a medical condition wherein there is a moderate or absolute blockage of electric signals preventing them from reaching the heart ventricles. These electric signals regulate heartbeats and partial or complete blockage may result in symptoms ranging from light-headedness and palpitations to fainting. Not considered to be life-threatening, heart blocks are usually treatable.
Heart block treatments are being conducted in hospital settings, at clinics, and as part of home treatment programs. The treatment for heart blocks depends mainly on the type of blockage. Heart blocks can be first degree, second degree, or third degree. Owing to the increasing prevalence of first-degree heart blocks resulting from the lack of physical activity and improper lifestyles, treatment options for first-degree heart blocks are in high demand.
Among the key heart block treatments are pacemakers, follow-up electrophysiology studies, transcutaneous pacing (TCP), and medications. Pacemakers are being increasingly used owing to their non-metallic encasing, small size, and their ability to be easily implanted.
The global market for heart blocks treatment market has been geographically fragmented into Europe, North America, Asia Pacific, and Rest of the World. North America has emerged as the largest market for heart blocks treatment thanks to the availability of advanced technologies, the presence of strong research and development, an increased level of patient awareness, and favorable reimbursement scenario. During the course of the forecast period, Asia Pacific is projected to witness rapid growth owing to the rise in healthcare expenditure, economic development in nations such as China and India, and the increasing awareness among patients regarding heart-related ailments.
The report offers clients an in-depth evaluation of the workings of some of the most prominent players in the global heart blocks treatment market. The leading vendors are identified and profiled in a comprehensive manner, highlighting their individual strengths, weaknesses, opportunities, and threats. The company overview, business strategies, recent developments, product portfolio, and financial standing of each of the companies have also been studied at length in the heart blocks treatment market. St. Jude Medical, Inc., BIOTRONIK SE & Co. KG., Sorin S.p.A., Boston Scientific Corporation, and Medtronic, Inc. are presently the dominant players competing in the global heart blocks treatment market.