Global Tachycardia Market 2016 - 2024 Size, Share, Market Growth, Industry Trends and Forecast
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Tachycardia
Market: Overview
Tachycardia
refers to rapid abnormal heartbeat that exceeds the normal heartbeat
range and the irregular heart rhythm is usually more than 100 beats
per minute. Due to higher-than-normal heartbeat, there is an increase
in the need for oxygen by the heart muscle and the heart is not able
to pump oxygenated blood to the body efficiently. Reaction to certain
medications, heart abnormalities, coronary artery diseases, heart
muscle diseases, hypertension, and hyperthyroidism are few of the
causes of tachycardia. Various symptoms related to tachycardia are
breathlessness, dizziness, heart palpitations, fainting, weakness,
and chest pain.
There
are treatments which can possibly treat or manage tachycardia, which
are as follows:
Radiofrequency
catheter ablation
Pacemaker
Implantable
cardioverter-defibrillator (ICD)
Vagal
maneuvers
Medications
(Lanoxin, tapazole, acetaminophen etc.)
Surgery
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Based
on the type of tachycardia, this market can be further segmented as
follows:
Atrial
fibrillation: It is the rapid rate of heart beat in the two upper
chambers, the atria
Atrial
flutter: The heart’s atrium beats rapidly but at a regular rate due
to weak contractions of the atria
Supraventricular
tachycardia: This tachycardia originates above the ventricular tissue
and is caused by abnormal electric signals inside the heart
Ventricular
tachycardia: Abnormal heart beat rate in the ventricles, due to which
the ventricles is not able to contract efficiently
Ventruicular
fibrillation: It occurs when rapid electrical heart signals cause the
ventricles to tremble instead of pumping
Tachycardia
Market: Growth Drivers
The
major factors, which will drive the growth of the tachycardia market
are increase in the prevalence of various heart diseases (i.e.,
atrial fibrillation and atrial flutter); growth in the prevalence of
atrial fibrillation and atrial flutter can be linked to the rapidly
increasing aging population, sedentary lifestyle and related risk
factors such as lung diseases and hypertension. According to the
Centers for Disease Control and Prevention’s prediction, 12 million
people will be affected with atrial fibrillation by 2050 worldwide.
On the other hand, a few adverse effects of therapeutic drugs such as
bleeding risk and toxicity in the brain would most likely impede the
growth of the tachycardia market.
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Tachycardia
Market: Region-wise Insight
Geographically,
North America dominates the tachycardia market followed by Europe.
The prime factors that have boosted the growth of this market in
these regions are high awareness of the population about
cardiovascular diseases coupled with geriatric population, which is
rapidly increasing. According to the National Health Service (NHS),
the prevalence of atrial fibrillation in the U.K. was estimated to be
1.4 percent in 2011.
Moreover,
technological advancement and improvements and increased competition
from small market players have further fuelled the growth of the
tachycardia market. Asia-Pacific is growing at the fastest rate and
is one of the most lucrative regional markets for tachycardia
treatments. Advantageous factors which will augment the growth of
this market in Asia-Pacific are presence of emerging economies,
improvement in healthcare infrastructures, constantly changing
lifestyles of people which has accelerated the prevalence of heart
diseases and the increasing need of individuals to opt for the most
sophisticated treatment options. The co-operative initiatives and
allowances offered by domestic governments to the healthcare sector
in this region are remarkably high and thereby it will increase the
chances of growth of this market in Asia-Pacific.
Tachycardia
Market: Key Players
Some
of the major market players operating in the tachycardia market are
Medtronic, Inc., Abbott Laboratories, Terumo Corporation, Atrium
Medical Corporation, Sorin Group, Boston Scientific Corporation, St.
Jude Medical, Inc., Asahi Intecc Co., Ltd. and many others.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth insights, understanding market evolution by tracking
historical developments, and analyzing the present scenario and
future projections based on optimistic and likely scenarios. Each
research report serves as a repository of analysis and information
for every facet of the market, including but not limited to: Regional
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competitive landscape.
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The
study is a source of reliable data on:
Key
market segments and sub-segments
Evolving
market trends and dynamics
Changing
supply and demand scenarios
Quantifying
market opportunities through market sizing and market forecasting
Tracking
current trends/opportunities/challenges
Competitive
insights
Opportunity
mapping in terms of technological break throughs
The
regional analysis covers:
North
America (U.S. and Canada)
Latin
America (Mexico, Brazil, Peru, Chile, and others)
Western
Europe (Germany, U.K., France, Spain, Italy, Nordic countries,
Belgium, Netherlands, Luxembourg)
Eastern
Europe (Poland, Russia)
Asia
Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle
East and Africa (GCC, Southern Africa, North Africa)
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estimates the market size of various sectors using a combination of
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marketplace. More than 300 TMR analysts across the world integrate
these elements into a framework to determine the subsector market
size for a base year and then forecast growth within each market.
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TMR team opportunities to request for detailed question sets, complex
skip patterns, and real-time calculations, which assists respondents
in answering questions involving numbers and percentages.
Respondents, who are interviewed as experts, are screened and
qualified based on certain criteria in addition to their
decision-making authority and the scope of activity within their
organizations.
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