Global Cardiac mapping Market is valued approximately at USD 1.3 billion and is anticipated to grow with a healthy growth rate of more than 8.7% over the forecast period. Cardiac mapping is one of the advanced process associated with the collection and display of the gathered data from an electrocardiogram. The primary function of the cardiac mapping system is to monitor the coordination between heart beats and electric impulses. Although, with the technological advancements in the cardiac mapping systems, these systems can reduce mapping time with the use of intelligent automation tools. The easy technique of the cardiac mapping allows physicians to precisely identify the location of heart chamber that are experiencing arrhythmia. The rise in aged population and their susceptibility towards various health concerns such as cardiac problems are leading the growth in the global cardiac mapping market. The rising geriatric population is a key factor driving the demand for cardiac mapping. According to WHO report, annual number of CVD deaths in 2016 about 17.9 million people across the globe died of CVD that is expected to increase 24.2 million deaths by 2030. Similarly, as per our world in data organization, global burden of cardiovascular diseases increases from 302 million in 2001 to 365 million in 2017. Further, as per World Health Organization, global burden of CVD in estimated to increase from 10.4% in 2010 to 11.6% by 2030. The rising number of patients suffering from cardiac conditions such as coronary artery disease, hypertrophic cardiomyopathy, arrhythmia, myocardial infarction, and others is increasing the global market for cardiac mapping. Apart from this, technological advancements in cardiac mapping systems is expected to create significant growth opportunity in the market over the forecast period. However, lack of adequate infrastructure in emerging nations and high cost of cardiac mapping system impedes the growth of the market over the forecast period.
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The regional analysis of global Cardiac mapping market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the higher prevalence rate of heart disorders, increase in approval rate of mapping systems and high incidence of CVDs are the key factors driving the North American market. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period. Factors such as higher patient pool for CVDs, increasing demand for advanced system and improving healthcare infrastructure would create lucrative growth prospects for the Cardiac mapping market across Asia-Pacific region.
Major market player included in this report are:
Biosense Webster, Inc.
Boston Scientific Corporation
Microport Scientific Corporation
EP Solutions Sa
Koninklijke Philips N.V.
Lepu Medical Technology (Beijing) Co., Ltd. Biotronik
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Cardiac mapping Market Size Projected to Deliver Greater Revenues during the Forecast Period 2022-2031
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