Congestive Heart Failure (CHF) Treatment Devices Market: Introduction

Mechanical circulatory support devices are used to treat congestive heart failure. Congestive heart failure can be treated with a variety of devices, including pacemakers, implantable cardioverter defibrillators, cardiac resynchronization therapy devices, and ventricular assist devices. An electronic device implanted inside the body is the implantable cardiac defibrillator. A mild shock is delivered to the heart muscle by an implanted cardiac defibrillator (ICD) if the heart rhythm veers off course. A ventricular assist device aids in the circulation of blood from the heart’s lower chambers to the rest of the body. There are many ventricular assist device kinds as well, including LVADs, RVADs, and other devices for treating congestive heart failure on the right and left, respectively.

Overview

The global market for Congestive Heart Failure (CHF) Treatment Devices, which was first anticipated to be worth US$20.7 billion in 2020 but has since been updated to US$32.9 billion, is expected to increase at a CAGR of 6.9 percent from 2020 to 2027 despite the COVID-19 dilemma. One of the segments examined in the study, Implantable Cardioverter Defibrillators, is anticipated to grow at a 7.1 percent CAGR and reach US$13.6 billion by the end of the analysis period. Following an early assessment of the pandemic’s commercial ramifications and the economic crisis it caused, the pacemakers market’s growth is readjusted to a revised 6.6 percent CAGR over the ensuing seven years.

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Segmentation Analysis of Global  Congestive Heart Failure (CHF) Treatment Devices Market

Based on type

Cardiac Resynchronization Therapy (CRT)
Implantable Cardioverter Defibrillators (ICDs)

Based on application

Left Ventricular Assist Device (LVAD)
Right Ventricular Assist Device (RVAD)
Biventricular Assist Device (BIVAD)

Competitive Landscape

Abiomed
Berlin Heart GmbH
Biotronik SE & Co. KG
Boston Scientific Corporation
HeartWare International
Jarvik Heart
LivaNova PLC
Medtronic
ReliantHeart
St. Jude Medical

Major questions answered in this report

• • How will the COVID-19 pandemic impact the demand and consumption of the Congestive Heart Failure (CHF) Treatment      Devices market?
  • What is the major application area of this?
  • Who are the Congestive Heart Failure (CHF) Treatment Devices manufacturers across the globe?
  • Which geographical location is dominant in the Congestive Heart Failure (CHF) Treatment Devices market?
  • Which are the top industry players in this ?

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Key takeaways from the report

One of the segments examined in the study, Implantable Cardioverter Defibrillators, is anticipated to grow at a 7.1 percent CAGR

The effect of COVID-19

As a result of the advent of cutting-edge medical treatments and rising internet usage, healthcare companies are currently operating in a dynamic environment that is undergoing seismic shifts. This has smart patients being more cautious, along with unmatched online access to astonishing amounts of knowledge. As a result, there is a growing need for intelligent, reasonably priced, and customised healthcare services. The COVID-19 epidemic has also increased demand for healthcare and related goods and services, boosting the performance of the healthcare sector as a whole.

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