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Global Cardiac Resynchronization Therapy Defibrillator Market 2016-2020

  • Published: Jun 2016
  • Pages: 56
  • SKU: IRTNTR9455
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This market research report presents a comprehensive analysis of the key market trends, drivers, and challenges that influence the growth of global cardiac resynchronization therapy defibrillator (CRT-D) market. It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The leading vendors in this market are Medtronic, St. Jude Medical, Boston Scientific, and LivaNova.

Overview of the cardiac resynchronization therapy defibrillator (CRT-D) market

Technavio’s market research analysts predict the global cardiac resynchronization therapy defibrillator (CRT-D) market to grow at a CAGR of more than 8% by 2020. Factors such as rising incidences of cardiac disorders, advanced surgical procedures such as minimally invasive (MI) surgeries, patient awareness, and increasing healthcare spending are the primary growth drivers for the CRT-D market. Several clinical research studies indicate that when compared to CRT-P devices, the CRT-D devices can reduce re-admissions to the hospital for patients with heart failure, which is leading to their increased implementation in several cardiac procedures. Also, CRT-D devices lower the risk of sudden cardiac death (SCD) and improve the left ventricular function.

One of the latest trends gaining prominence in the market is the development of CRT-D devices with MRI technology. The incorporation of this technology helps in better diagnosis of heart conditions and assist cardiologists in providing better treatment to patients. To minimize the manufacturing costs, several manufacturers are using such advanced technologies and materials to develop efficient devices. At present, several physicians are using 3D-MRI technique for better imaging.

Geographical segmentation and analysis of the CRT-D market

  • Americas
  • APAC
  • EMEA

The Americas will be the largest revenue contributing region in the market by 2020 and is expected to occupy more than 55% of the total market share. The rising incidences of cardiac disorders and growing awareness about cardiac diseases are the primary growth drivers for this region. Factors such as growing number of implant centers, technological advancements and easy availability of reimbursements will propel the sales of CRT-D devices in the region.

Competitive landscape and key vendors

Intense competition prevails in this market with increased product portfolio extensions, advances in technology, and reduced average selling prices. To gain a competitive edge over their peers, vendors are developing devices with long-lasting batteries. Large vendors are acquiring small companies to increase their market share and their geographic reach in the market. The market is expected to witness the entry of several multinational companies during the forecast period.

Key vendors in the market are -

  • Medtronic
  • St. Jude Medical
  • Boston Scientific
  • LivaNova

Other prominent vendors in the CRT-D market are BIOTRONIK, Cook Medical, and The Spectranetics.

Growth drivers, challenges, and upcoming trends: Robotic-assistance cardiac surgeries

Upcoming trends such as robotic surgeries are gaining popularity in the market as they ensure surgical precision, improved outcomes, faster recovery periods, and reduced pain and discomfort. The use of these systems helps physicians to get a better view of the operative field and help them to perform surgeries with precision and control. Due to their easy availability, surgical robotic systems have become a preferred option to treat cardiac surgeries among all minimally invasive procedures.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the CRT-D market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global CRT-D market?
  • What are the key market trends impacting the growth of the global CRT-D market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global CRT-D market?
  • What are the market opportunities and threats faced by the vendors in the global CRT-D market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global CRT-D market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Cost analysis of CRT-D device implantation

PART 06: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 07: Geographical segmentation

  • CRT-D market in Americas
  • CRT-D market in EMEA
  • CRT-D market in APAC

PART 08: Market drivers

  • Increased incidence of cardiac disorders
  • Increasing regulatory approvals
  • Clinical considerations
  • Increased public awareness

PART 09: Impact of drivers

PART 10: Market challenges

  • High cost
  • Popularity of alternative devices
  • Complications associated with CRT-D devices

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Increased use of MRI in clinical applications
  • Focus on R&D
  • Growing popularity of robotic-assistance surgery

PART 13: Vendor landscape

  • Competitive scenario
  • Market share analysis
  • Boston Scientific
  • LivaNova
  • Medtronic
  • St. Jude Medical
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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