LONDON--(BUSINESS WIRE)--The global cardiac arrhythmias therapeutics market is expected to post a CAGR of more than 4% during the period 2019-2023, according to the latest market research report by Technavio.
A key factor driving the growth of the global cardiac arrhythmias therapeutics market size is the availability of precise diagnostic methods. There has been a significant increase in the diagnosis rate of cardiac arrhythmias over the years, owing to the availability of precise diagnostic methods, such as electrocardiogram (ECG) holter monitors, event monitors, echocardiogram, cardiac catheterization, electrophysiology study (EPS), and head-up tilt table tests. Thus, the increasing diagnosis of cardiac arrhythmias through these diagnostic methods will fuel the growth of the market during the forecast period.
As per Technavio, the advent of gene therapy to control ventricular rate in AF will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global cardiac arrhythmias therapeutics market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Cardiac Arrhythmias Therapeutics Market: Advent of Gene Therapy to Control Ventricular Rate in AF
The current treatment therapy for AF is associated with potential side effects, which include bronchospasms, hypotension, fatigue, depression, and constipation. Thus, the market presents an urgent need for the development of biological drugs, which can target the gene and thus, improve cardiac functioning. The studies conducted to evaluate the use of gene therapy in cardiac arrhythmias supported the use of gene therapy in controlling the ventricular rate during AF. Thus, the advent of gene therapy will fuel the growth of the cardiac arrhythmias therapeutics market during the forecast period.
“Apart from the advent of gene therapy, other factors such as technological advances, and growing R&D efforts by vendors will have a significant impact on the growth of the cardiac arrhythmias therapeutics market value during the forecast period,” says a senior analyst at Technavio.
Global Cardiac Arrhythmias Therapeutics Market: Segmentation Analysis
This market research report segments the global cardiac arrhythmias therapeutics market worth by application (oral and intravenous), and geographic regions (North America, Europe, Asia, and ROW).
The North American region led the cardiac arrhythmias therapeutics market in 2018, followed by Europe, Asia, and ROW respectively. The cardiac arrhythmias therapeutics market analysis report identifies factors such as the high presence of large pharmaceutical companies and the presence of a proper regulatory framework to fuel market growth in North America during the forecast period.
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Five Forces Analysis
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- Vendors covered
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