Market Scenario
Tachycardia is a common type of heart disorder, which results in a faster heartbeat. Tachycardia can be caused due to various conditions such as heart diseases including coronary artery disease, drinking large amounts of alcohol, and medical conditions such as thyroid disease and certain lung diseases.
The global tachycardia market is majorly driven by the high prevalence of cardiovascular diseases, high consumption of alcohol, and increasing lung disorders. Additionally, factors such as increasing approvals for vascular closure devices, government initiatives and support, increasing demand for advanced treatment, increasing research and clinical trials for tachycardia, and growing market players offering newer products are likely to drive the market.
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Factors that are likely to hamper the growth of the market are the high cost of the treatment and lack of awareness.
The Global Tachycardia Market is expected to grow at a CAGR of 6.5% during the forecast period.
Intended Audience
- Pharmaceutical Manufacturers and Suppliers
- Medical Research Laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential Investors
Segments
The global tachycardia market is segmented on the basis of type, treatment, diagnosis, and end-user.
On the basis of type, the market is segmented into atrial fibrillation, atrial flutter, supraventricular tachycardia, ventricular tachycardia, ventricular fibrillation, and tachy-brady syndrome.
On the basis of treatment, the market is segmented into vagal maneuvers, medications, and cardioversion. On the basis of diagnosis, the market is segmented into imaging tests, electrocardiogram, and stress test. On the basis of imaging tests, it is further sub-segmented into echocardiogram, MRI, CT scan, coronary angiogram, and chest X-ray.
On the basis of end-user, the market is segmented into ambulatory surgical centers, specialty centers, and hospitals and clinics.
Regional Analysis
The North American tachycardia market is a growing market in the Americas region. On a regional basis, the Americas region is segmented into North America and South America. North America is segmented into the U.S. and Canada. The increasing number of alcohol consumption and rising prevalence of cardiovascular rates are likely to enhance the growth of vascular closure devices. Additionally, the increasing need for minimally invasive procedures, growing healthcare expenditure, and the rising demand for technologically advanced treatments and products along with the rising government support are likely to enhance the growth of the tachycardia market in North America.
Europe is the second largest market and holds a healthy share in the global tachycardia market. The European market is expected to grow during the forecast period owing to the availability of newer and advanced treatment facilities and healthcare expenditure along with growing need for better healthcare infrastructure. Furthermore, increasing cardiovascular rates, along with rising population inclined towards sedentary lifestyle is driving the growth of the tachycardia market. According to the European Heart Network, in 2015, there were 11.3 million cardiovascular disorder cases in Europe.
Asia Pacific is expected to be the fastest growing market. The increasing prevalence of chronic diseases is the major driver for the market growth. China is the fastest growing region owing to an increasing population. The increasing awareness about health and availability of new treatment methods drives the market in this region. The increasing healthcare expenditure and rise in the standard of living are driving the growth of the tachycardia market in the Asia Pacific region.
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The Middle East and Africa is expected to show the least growth in the market due to some major factors such as lack of awareness and limited access and availability of treatment facilities. In the Middle East, the United Arab Emirates is the largest market owing to the development of the healthcare industry and rising availability of specialty care centers.
Key Players
Some of the key players in the Tachycardia market are TZ Medical, Cardiva Medical Inc., Medtronic plc, Terumo Corporation Essential Medical, Inc., Merit Medical Systems, Inc., Abbott, Cardinal Health Inc., Inc., and Vasorum Ltd.
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These factors in conjunction will shape the global renal disease market and help it achieve a CAGR of 6.3% over the forecast period of 2017-2023.Request Free Sample Copy at:https://www.marketresearchfuture.com/sample_request/3167 SegmentationThe global renal disease market has been segmented based on type, diagnosis, and treatment.
By diagnosis, the market has been segmented into Blood tests, Urine tests, imaging tests, removing a sample of kidney tissue for testing, and others.
The blood tests segment has been further segmented into Serum Creatinine, Glomerular Filtration Rate (GFR), Blood Urea Nitrogen (BUN), and fasting blood glucose test.
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Detecting diseases at earlier stages can positively impact the further clinical procedures and shorten the recovery span for patients. Global healthcare organizations as well as independent clinical bodies have intensified the processes of adopting optimal medical imaging equipment. The prime benefit of using efficient diagnostic imaging equipment is that it enables medical practitioners in identifying abnormalities at a stage where the disorder hasn’t matured to incurable or fatal levels. At present, medical imaging equipment can be regarded as a viable method for diagnosis of malignant ailments such as cancer and other tumor-related diseases. As cardiovascular diseases and cancer are among the most dominant disorders inciting use of advanced diagnostics, the global medical imaging equipment market was valued at US$ 29.4 Bn in 2015 and is projected to reach US$ 45.3 Bn by 2023, expanding at a CAGR of 5.6% during the forecast period from 2015 to 2023.
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Improving the imaging accuracy will remain the key aspect that will determine the trajectory of developing medical imaging equipment for future. Anticipating disorders that are more likely to hamper human health in the upcoming decades has an equally influencing effect on such developments. The most recent technological advancement in diagnostic imaging is the use of electromagnetic radiation for producing images of internal human anatomy. Implementing tomography or similar 3D imaging techniques can be observed as the first step towards manufacturing futuristic medical imaging equipment. Crucial prospects that will shape up the future of medical imaging equipment include,
Miniaturization: The size of medical imaging equipment has been a predominant challenge in diagnostic operations. Replacing the large MRI and CT scanners with miniaturized devices will be a major achievement, not only for diagnostic purposes but also for boosting the revenues from detection procedures. Without curbing the efficiency, miniaturized medical imaging equipment will gain traction over existing ones. The competitive production costs and affordable diagnosis charges will promote the use of miniaturized imaging devices in the future.
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Portability: Reducing the equipment dimensions will invite opportunities for developing portable imaging devices. Stationary medical imaging equipment are generally preferred by surgeons as they are connected to ample power supply and prevent imaging implications due to mechanical shocks. Nevertheless, the advent of portable imaging devices will not only increase access to diagnostic technologies among rural areas, but also shorten the working time for clinical procedures. Using portable imaging equipment for diagnostic purposes in untapped regions will increase awareness of detecting diseases at initial stages. And, the operational hours of tedious diagnostic procedures may get abridged when images of the affected anatomical area are produced with such conveniently moving imaging equipment; unlike immovable imaging equipment that consume a lot of precious time.
Impact of Digitization: Calibrating the images is likely to get simpler in the years to come. Digitization can augment measurement processes and boost the accuracy. Calibrating molecular mutations in a tumor can help incision of antibodies in such molecules. The outbreak of tumorous pathogens can be curtailed when produced images are available in digitized measurements that identify even the subatomic alterations during diagnosis of living tissues.
Hybridization of Technologies: It is relatively possible for future imaging equipment to have an alternative of shifting among technologies. For example, an equipment developed with tomographic technology can amalgamate other contemporary technologies. Successful clinical adoption of non-ionizing imaging modalities such as ultrasound or optical is anticipated to be the forthcoming advancement in imaging technologies. Such hybrid imaging technologies will increase the revenues due to lack of radiation exposure, compared to tomographic and radiographic medical imaging technologies.
Key participants in global imaging equipment market include, GE Healthcare, Shimadzu Corporation, Philips Healthcare, Genesis Medical Imaging inc., Hologic Inc., Siemens Healthcare, Samsung Medison Co. Ltd, Carestream Health Inc., Hitachi Medical Corporation, Fujifilm Holdings Corporation, Toshiba Corporation and Fonar Corporation. The medical imaging equipment market is highly capital.
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