(MENAFN- america news hour) rheumatic myocarditis treatment market
report
which delivers detailed overview of the global rheumatic myocarditis treatment market in terms of market segmentation by age group, diagnosis, treatment, end-user and by region. further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
rheumatic myocarditis treatment market
statistics –
usd 1 billion revenue in 2022 the market size is projected to record a valuation of over usd 2 billion by 2035 the rheumatic myocarditis treatment industry is slated to observe 5% growth rate through 2023-2035
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the global rheumatic myocarditis treatment market is estimated to garner a robust cagr over the forecast period, i.e., 2023–2035. the market is segmented on the basis of diagnosis into echocardiogram, electrocardiogram, and others, out of which, the echocardiogram segment is estimated to gain a notable share over the forecast period, owing to the accurate and detailed image produced by using ultrasound waves. on the basis of end-user, the market is segmented into hospitals, ambulatory surgical center, specialty clinics, homecare, and others, out of which, the hospitals segment is estimated to garner the highest market share during the forecast period, owing to the increasing cases of rheumatic fever, along with high acceptance of hospitals amongst the patients, as compared to homecare and others
the global rheumatic myocarditis treatment market is estimated to grow on the back of rising incidences of rheumatic fever, which is responsible for rheumatic myocarditis. rheumatic fever is caused by bacteria
streptococcus pyogenes
(group a streptococcus), which can adversely affect the heart valves, if left untreated. another reason for the growing cases of rheumatic myocarditis is that it is very difficult to diagnose, as the symptoms are very similar to other heart diseases. government is taking various steps to curb and control the spread of this bacteria, as rheumatic myocarditis is deadly.
according to the world health organization (who), rheumatic myocarditis is causes over 288,348 deaths each year.
moreover, increasing research and development activities to develop new drugs and other treatment solutions, is estimated to further boost the market growth.
regionally, the global rheumatic myocarditis treatment market is segmented into five major regions including north america, europe, asia pacific, latin america and middle east & africa region. the market in the asia pacific region is anticipated to garner the largest share over the forecast period, owing to the improving healthcare system and growing medical awareness amongst people. moreover, increasing cases of death by rheumatic fever or rheumatic myocarditis is estimated to boost the market growth in the region. the market in the middle east and africa is estimated to garner modest cagr over the forecast period, owing to the increasing prevalence of rheumatic fever in the sub-saharan region, backed by increased chances of bacterial infection due to lack of sanitation in the region.
major players include in the global rheumatic myocarditis treatment market:
siemens healthcare gmbhcompany overview cryolife inc. edwards lifesciences corporation neovasc inc. highlife sas abbott laboratories sanofi-aventis groupe pfizer inc. boston scientific corporation medtronic plc
rising cases of rheumatic fever to boost the market growth
rheumatic fever, which generally affect children and young adults, is caused by streptococcal bacteria, and has adverse effect on heart and joints. increasing cases of this disease, is estimated to boost the growth of the market.moreover, this is one of the most common causes of death for people under the age of 5 years, in low- and middle- income countries, which is why it is a rising concern for international authorities.
in 2018, the who launched a coordinated global response to curb the cases of rheumatic heart disease and rheumatic fever in the developing regions, with the help of who's regional offices.
this is another major factor estimated to contribute to the market growth.
however, lack of health awareness in the population of the low- and middle- income countries, is expected to operate as key restraint to the growth of the market over the forecast period.
this report also provides the existing competitive scenario of some of the key players of the global rheumatic myocarditis treatment market which includes company profiling of siemens healthcare gmbh, cryolife inc., edwards lifesciences corporation, neovasc inc., highlife sas, abbott laboratories, sanofi-aventis groupe, pfizer inc.boston scientific corporation, and medtronic plc. the profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. on the whole, the report depicts detailed overview of the global rheumatic myocarditis treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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