Global Implantable Cardiac Resynchronization Therapy Devices Market 2024-2030

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    IMPLANTABLE CARDIAC RESYNCHRONIZATION THERAPY DEVICES MARKET

     

    INTRODUCTION

    A CRT system is made up of two parts: the pulse generator, or device, and thin, insulated cables known as leads. Through these leads, a CRT device sends minute quantities of electrical energy to the heart.

     

    This helps to reestablish regular heartbeat timing, enabling both ventricles to pump together more effectively, much like a fist closing normally again.

     

    CRT devices are classified into two categories. One is a particular type of pacemaker. A cardiac resynchronization treatment pacemaker (CRT-P) or biventricular pacemaker is used.

     

    The other is the same device, but it also has an implanted cardioverter defibrillator (ICD) integrated in. A cardiac resynchronization therapy defibrillator (CRT-D) is a device of this sort.

     

    A CRT-P device, in addition to working as a regular pacemaker to treat sluggish cardiac rhythms, also produces tiny electrical pulses.

     

    A CRT-D is a specialized device for individuals with heart failure who are also at high risk of sudden cardiac death.

     

    A CRT-D device works like a regular pacemaker to treat sluggish cardiac beats, but it also sends mild electrical impulses to the left and right ventricles to help them contract at the same time. This will assist the heart in pumping more efficiently.

     

    A CRT-D device can also be used to treat dangerously rapid heart rhythms (arrhythmias), which can result in abrupt cardiac arrest.

     

    If the gadget detects dangerously rapid heartbeats, it sends a shock to the heart. The aberrant rhythm is stopped by this shock (defibrillation). Without this life-saving treatment, the dangerously fast beat might kill in minutes.

     

    Cardiac resynchronization treatment (CRT), also known as biventricular pacing or multisite ventricular pacing, involves placing both the right and left ventricles at the same time.

     

    CRT includes an extra coronary sinus lead implanted for LV pacing in addition to a typical RV endocardial lead (with or without a right atrial [RA] lead).

     

    A pacemaker is a small electronic device the size of a pocket watch that detects intrinsic cardiac beats and delivers electrical stimulation as necessary. Pacing of the heart can be either transient or permanent.

     

    Cardiac resynchronisation therapy (CRT) is a well-established therapeutic option for individuals suffering from heart failure or cardiac dyssynchrony.

     

    CRT devices are classified into two types: biventricular pacemakers (CRT-P) and biventricular defibrillators (CRT-D). The latter is more complicated, but also more costly.

     

    According to current recommendations, both devices are appropriate for the vast majority of patients who are eligible for CRT. 

     

    The goal of this study was to evaluate the cost-utility of CRT-D versus CRT-P from the perspective of a German payer.

     

    The average costs and quality-adjusted life-years (QALY) for CRT-D and CRT-P were calculated using a cohort Markov model.

     

    The model included six stages: one for device installation, one for absorbing state death, and two for either a CRT device or a plasma display.

     

    CRT-D had an incremental cost-effectiveness ratio (ICER) of €24,659 per extra QALY gained when compared to CRT-P.

     

    The survival advantage of CRT-D over CRT-P was the most relevant input parameter in deterministic sensitivity analysis.

     

    The probabilistic sensitivity analysis revealed that the simulated situations were more successful but also more expensive.Therapy with CRT-D was more costly than CRT-P, but it resulted in an extra gain of QALYs. 

     

    Furthermore, the ICER was vulnerable to ambiguity, particularly with regard to the survival benefit. To further inform decision making, a randomized controlled trial and subgroup analysis would be appropriate.

     

    IMPLANTABLE CARDIAC RESYNCHRONIZATION THERAPY DEVICES MARKET SIZE AND FORECAST

     

    infographic: Implantable Cardiac Resynchronization Therapy Devices Market, Implantable Cardiac Resynchronization Therapy Devices Market Size, Implantable Cardiac Resynchronization Therapy Devices Market Trends, Implantable Cardiac Resynchronization Therapy Devices Market Forecast, Implantable Cardiac Resynchronization Therapy Devices Market Risks, Implantable Cardiac Resynchronization Therapy Devices Market Report, Implantable Cardiac Resynchronization Therapy Devices Market Share

     

    The Global Implantable Cardiac Resynchronization Therapy Devices Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    IMPLANTABLE CARDIAC RESYNCHRONIZATION THERAPY DEVICES MARKET NEW PRODUCT LAUNCH

    Abbott has introduced new implantable cardioverter defibrillator (ICD) and cardiac resynchronization therapy defibrillator (CRT-D) devices in India, bringing the most advanced heart rhythm management capabilities as well as a new set of benefits to people suffering from abnormal heart rhythms and heart failure.

     

    Through smartphone connectivity and associated applications, the gadgets provide new potential for patient interaction and remote monitoring. Other advantages include a patient-friendly design, increased battery longevity, and MRI compatibility.

     

    India was the only country outside of the European Union to conduct a New Technology Assessment for this new portfolio of high voltage (HV) and CRT-D devices, which included physician feedback surveys.

     

    The first implant in India was performed earlier this year by Max Group of HospitalsChairman and Head of Cardiology.

     

    The gadget and the programmer are in constant communication. In fact, the initial communication from the patient’s phone was completed in a matter of seconds.

     

    It is believed that as many as individuals in the United States suffer with cardiac arrhythmias, or irregular heartbeats.

     

    Doctors frequently suggest ICDs for the prevention of sudden cardiac death in patients who have diminished cardiac function and may be at risk of life-threatening irregular heart rhythms. 

     

    These irregular rhythms, also known as ventricular arrhythmias, can develop when the heart beats excessively quickly or chaotically, preventing the heart from adequately pumping blood. CRT-Ds, like regular ICDs, are used to avoid sudden death, but they also work to restore the heart’s normal rhythm.

     

    Remote monitoring has been shown to have a favorable influence on patient outcomes on several occasions. Abbott’s dynamic technologies enable individuals to interact with their doctor at any time, including when they are away from home, and they underscore commitment to incorporating modern technology that will assist increased engagement between patients, carers, and physicians.

     

    New heart rhythm management device technologies are crucial for physicians and hospitals to effectively manage their patients.

     

    This will also encourage patients to participate more actively in their care.These new technologies will urge patients to be more actively engaged in their care by providing them with a smartphone app and Bluetooth connectivity that will allow them to tailor therapy to an individual’s clinical needs.

     

    IMPLANTABLE CARDIAC RESYNCHRONIZATION THERAPY DEVICES MARKET COMPANY PROFILE

    IMPLANTABLE CARDIAC RESYNCHRONIZATION THERAPY DEVICES MARKET THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    • How many  Implantable Cardiac Resynchronization Therapy Devices    are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    • Cost breakup of a Global Implantable Cardiac Resynchronization Therapy Devices    and key vendor selection criteria
    • Where are the Implantable Cardiac Resynchronization Therapy Devices   manufactured? What is the average margin per unit?
    • Market share of Global Implantable Cardiac Resynchronization Therapy Devices    market  manufacturers and their upcoming products
    • Cost advantage for OEMs who manufacture Global Implantable Cardiac Resynchronization Therapy Devices    in-house
    • 5 key predictions for next 5 years in Global Implantable Cardiac Resynchronization Therapy Devices    market
    • Average B-2-B  Implantable Cardiac Resynchronization Therapy Devices  market price in all segments
    • Latest trends in  Implantable Cardiac Resynchronization Therapy Devices  market, by every market segment
    • The market size (both volume and value) of the  Implantable Cardiac Resynchronization Therapy Devices    market in 2024-2030 and every year in between?
    • Production breakup of  Implantable Cardiac Resynchronization Therapy Devices    market, by suppliers and their OEM relationship

     

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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