ALBANY, N.Y.--(BUSINESS WIRE)--The featured report on MarketResearchReports.biz, titled “Cardiac Resynchronization Therapy Devices Market in Europe 2015-2019”, delivers a 360-degree view of the European CRT Devices Market. The report states that the Europe CRT devices market will experience a CAGR of 8.09% during the forecast period of 2014 to 2019.
Cardiovascular conditions account for over half of the deaths in Europe, says the WHO. The increasing prevalence of cardiovascular diseases is propelling the Europe CRT devices market. Currently, the annual total cost of cardiovascular diseases in the top five EU countries is noted at US$90.10 billion, out of which 54% goes to healthcare costs, 24% to productivity loss, and 22% to informal care. CRT is an effective therapy for people suffering from arrhythmias and other heart conditions.
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CRT along with a complete therapy program can help improve the patient’s quality of life by helping them carry out their daily activities effectively and decreasing the chances of heart failure. However, there are some risks associated with CRT devices such as infection, failure to provide optimum therapy when required, and sensitivity to the device’s material. These factors are challenging the Europe CRT devices market. Furthermore, the high acceptance of implantable cardioverter defibrillators and pacemakers is also suppressing the market to a certain degree.
The report on the Europe CRT devices market offers a detailed analysis of the market’s growth driver, challenges, trends, and their impacts. In addition to this, the report on the Europe CRT devices market presents a detailed vendor landscape with the latest key developments in the market.
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Some of the key vendors operating in the implantable cardioverter defibrillator are Boston Scientific, St. Jude Medical, Biotronik, and Medtronic.
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