Published on : Jan 08, 2020
ResearchMoz.us has announced the addition of a report, titled “Global Intracardiac Echocardiography Market Insights, Forecast to 2025”. The report on the global intracardiac echocardiography market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. Segments in the report are created by product type and application.
The powerful imaging modality, Intracardiac Echocardiography is used by cardiologists more commonly to examine epicardial coronary arteries. It is because these can capture high-res images, allowing for examination of deeper tissue visual.
Besides, it is used in examining interarterial septal abnormalities and guide percutaneous interventional procedures. It can also help with electrophysiological procedures. Some factors that are contributing to growing popularity of intracardiac echocardiography vis-à-vis transoesophageal echocardiography involves elimination of general anesthesia requirement from the treatment of atrial septal defects. Besides, the images obtained are better and procedure time is shorter. Which also means that hospital stay will be less and so would dosage of radiation.
The market is set to chart a steady growth over the forecast period owing to rise cardiaovascular diseases. And, this is compounded by a sedentary lifestyle shift and rise in geriatric population. As world days are stretching in duration, stress levels are increases and as nuclear families are rising, primary bonds are weakening. This translates to people resorting to substance abuse. Alcohol and smoking are quite prevalent among the working members of the community. And, this leads to CVD. To add to it, longer work days also mean little to no will to prepare nutritious meals. And, as more and more people eat out or from packets, the issue rises manifold.
As far as the ageing population is concerned, it is believed that one in six people in the world will fall in the category of geriatric population – aged 65 and above. Already in 2018, the number of people who fell in this age bracket surpassed the number of those in the age bracket of five and below, thereby, creating history. This condition is pronounced in Europe and North America. Here, one in every four people will be aged 65 and above.
It is important to add here the factor of minimally invasive surgeries which, coupled with advanced technologies made use of in interventional cardiology are driving the global intracardiac echocardiography market forward. Also, a rising adoption rate of intracardiac echocardiography owing to increased efficiency and accuracy is propelling growth in the market.
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The global intracardiac echocardiography market is consolidated and prominent players in the market landscape include Abbott, Boston Scientific Corporation, Koninklijke Philips N.V, Infraredx, Inc, and Medtronic among others.
Region-wise, North America will dominate the market landscape. This is attributable to innovation and presence of large number of prominent players marking the region. Besides, the awareness levels are high. This growth charted by this region will be followed by that charted by Europe, owing to high levels of investment towards research and development activities to bring to fore innovation.
Another region that will be worth setting eyes on is the Asia Pacific (APAC) region. Changing lifestyle, increasing expenditure related to healthcare. Government support and a large population base are all leading to growth in market. It is worth noting that about 60% of global population is housed in the region. And, that as these economies perform well on the economic front, disposable incomes rise, leading to improved standard of living, making healthcare more affordable.