London, 16 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global CRT devices market 2015-2019, which is expected to grow at a CAGR of 8.40% during the forecast period of 2014-2019.
Increasing instances of cardiovascular diseases in emerging economies like China and India is expected to boost market growth during the forecast period. These emerging economies are currently experiencing rapid economic growth. Thus, giving people more access to affordable healthcare amenities. Organizations in these regions offer treatments at lower costs; consequently, people from other areas travel to countries like China and India to access these treatments.
“Robotic surgical procedures help hospitals reduce the length of patients’ hospital stays, and thus facilitate better cost management. Moreover, these surgeries ensure surgical precision, improved outcomes, faster recovery periods, and reduced pain and discomfort,” says Faisal Ghaus, Vice President of Technavio.
“Robotic technology also provides a detailed view of the operative field. It also allows physicians to maneuver instruments in small spaces with precision and control.”
Key Market Drivers:
- Rise in Incidence of Cardiovascular Diseases.
- Increase in Awareness Programs.
- High Demand from APAC.
- Advances in Surgical Procedures.
Key Market Trends:
- Focus on R&D.
- Increase Usage of MRI in Clinical Applications.
- Adoption of Robotic Surgery.
Key Market Vendors:
- Boston Scientific Corp.
- Medtronic plc
- St. Jude Medical Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
