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Global Arrhythmia Treatment Market – Industry Trends and Forecast to 2030

  • Pharmaceutical
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Arrhythmia Treatment Market, By Type (Supraventricular Arrhythmias, Ventricular Arrhythmias, Others), Drugs (Antiarrhythmic Drugs, Calcium Channel Blockers, Beta Blockers, Anticoagulants Agents and Others), Devices (Implantable Cardioverter-Defibrillator (ICD), Pacemaker, Cardiac Resynchronization Therapy (CRT) and Others), Treatment (Surgery, Drugs, Others), Mode of Administration (Injectable, Oral, Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), End-User (Hospitals, Homecare, Specialty Clinics, Others) – Industry Trends and Forecast to 2030.

Arrhythmia Treatment Market

Arrhythmia Treatment Market Analysis and Size

Arrhythmia treatment are known to inhibit the expression of certain genes that is different from conventional medicine. In past years, innovative new oligonucleotides have been developed that are capable of targeting specific genes and treat chronic diseases.

Data Bridge Market Research analyses that the arrhythmia treatment market which was USD 7.64 billion in 2022, is expected to reach USD 11.06 billion by 2030, and is expected to undergo a CAGR of 7.67% during the forecast period. This indicates that the market value. “Surgery” dominates the treatment segment of the arrhythmia treatment market owing to an increase in the number of surgeries for arrythmia. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Arrhythmia Treatment Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Supraventricular Arrhythmias, Ventricular Arrhythmias, Others), Drugs (Antiarrhythmic Drugs, Calcium Channel Blockers, Beta Blockers, Anticoagulants Agents and Others), Devices (Implantable Cardioverter-Defibrillator (ICD), Pacemaker, Cardiac Resynchronization Therapy (CRT) and Others), Treatment (Surgery, Drugs, Others), Mode of Administration (Injectable, Oral, Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), End-User (Hospitals, Homecare, Specialty Clinics, Others)

Countries Covered

U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E., Kuwait, Israel, Egypt, Rest of Middle East and Africa

Market Players Covered

Pfizer Inc. (U.S.), Sawai Pharmaceutical Co., Ltd (Japan), Baxter  (U.S.), Aurobindo Pharma (India), Zydus Cadila (India), WOCKHARDT (India), Teva Pharmaceutical Industries Ltd (Israel), Novartis AG (Switzerland), Mylan N.V. (U.S.), Sun Pharmaceutical Industries Ltd (India), Fresenius Kabi AG (Germany), GlaxoSmithKline plc (U.K.), Arbor Pharmaceuticals (U.S.), ANI Pharmaceuticals, Inc (U.S.), Vintage Labs (U.S.), Nexus Pharmaceuticals, Inc (U.S.), AstraZeneca (U.K.), Dr. Reddy’s Laboratories Ltd (India), Acesion Pharma (Denmark), Johnson & Johnson Services, Inc (U.S.), and InCarda Therapeutics, Inc. (U.S.),  among others

Market Opportunities

  • Launch of innovative and technologically advanced products to meet the needs of customers
  • Increase in the prevalence of arrythmias
  • Increase in the number of mergers and acquisitions among manufacturers

Market Definition

Arrhythmia refers to a type of cardiovascular disorder that is characterized by abnormal heart rhythm. The condition causes irregular heart rate, sometimes slow or too fast, or it may be so brief that it doesn’t change an individual’s heart rate and could lead to more serious heart problem. The disease can have almost no symptoms but patient tends to feel fluttering in the chest or neck.

Global Arrhythmia Treatment Market Dynamics

Drivers

  • Increasing Prevalence of Arrhythmia

One of the primary drivers is the rising prevalence of arrhythmia, including atrial fibrillation (AFib) and ventricular tachycardia (VT). The aging population, lifestyle factors, and underlying heart conditions contribute to the growing incidence of arrhythmia worldwide. This higher prevalence creates a larger patient pool in need of treatment

  • Technological Advancements in Cardiac Care

Advances in medical technology have led to the development of more sophisticated diagnostic tools and treatment options for arrhythmia. Innovations such as catheter ablation techniques, implantable cardioverter-defibrillators (ICDs), and cardiac rhythm management devices have improved the effectiveness and safety of arrhythmia treatment

  • Increasing Awareness and Diagnosis 

Growing awareness of arrhythmia among both patients and healthcare professionals has led to early diagnosis and intervention. Routine cardiac screenings, improved diagnostic accuracy, and regular monitoring have contributed to the early identification of arrhythmia cases, promoting timely treatment and management

  • Aging Population and Chronic Disease Burden

The aging global population is at a higher risk of developing arrhythmias, as age is a significant risk factor. In addition, the rising prevalence of chronic conditions such as hypertension, diabetes, and obesity contributes to the development of arrhythmia. As the world's population continues to age and chronic diseases become more common, the demand for arrhythmia treatment is expected to increase

Opportunities

  • Telemedicine and Remote Monitoring

The adoption of telemedicine and remote monitoring technologies has surged, offering an opportunity to improve arrhythmia patient care. Remote monitoring devices, such as implantable cardiac monitors (ICMs) and wearables, enable continuous tracking of heart rhythms. Healthcare providers can remotely monitor patients, detect arrhythmia episodes early, and intervene when necessary, leading to better disease management and reduced hospitalizations

  • Personalized Medicines and Precision Therapeutics

Advances in genomics and biomarker research provide opportunities for personalized treatment approaches. Tailoring arrhythmia therapies based on a patient's genetic makeup and specific arrhythmia type can enhance treatment effectiveness and reduce adverse effects. Targeted therapies and pharmacogenomic approaches are expected to gain prominence

Restraints/Challenges

  • High Treatment Costs

The cost of arrhythmia treatment can be substantial, particularly for advanced therapies such as catheter ablation, implantable devices, and surgical interventions. High treatment costs can limit access to care for some patients, especially in regions with limited healthcare resources or where health insurance coverage is inadequate

  • Stringent Regulatory Approvals

Regulatory approval processes for arrhythmia treatment devices and drugs are rigorous and time-consuming. The need to demonstrate safety and efficacy through extensive clinical trials and adhere to complex regulatory requirements can delay product launches and increase development costs. This can hinder the entry of new treatments into the market

  • Complexity of Arrhythmia Diagnosis and Treatment

Arrhythmias encompass a wide range of heart rhythm disorders, each with its unique characteristics and treatment requirements. Accurate diagnosis and treatment selection can be challenging due to the complexity of arrhythmia types and the need for specialized equipment and expertise. Healthcare providers may face difficulties in differentiating between various arrhythmias and choosing the most suitable treatment approach

  • Shortage of Specialized Healthcare Providers

The management of arrhythmias often requires the expertise of cardiologists, electrophysiologists, and other specialized healthcare professionals. However, there is a shortage of these specialists in many regions, leading to longer wait times for appointments and delayed treatment. Expanding the workforce of arrhythmia specialists is crucial to meet the growing demand for care

This arrhythmia treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the arrhythmia treatment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth

Recent Development

  • In November 2021, Philips agreed to acquire Cardiologs, a France-based medical technology company focused on cardiac diagnostics using AI and cloud technology. The acquisition will strengthen Philips’ cardiac monitoring and diagnostics offering with innovative software technology, electrocardiogram (ECG) analysis, and reporting services
  • In May 2021, iRhythm Technologies Inc., a leading digital healthcare solutions company focused on the advancement of cardiac care, received two new 510(k) clearances, one for a new and improved design of its flagship monitor, "new Zio monitor", and a second for updated AI capabilities

Global Arrhythmia Treatment Market Scope

The arrhythmia treatment market is segmented on the basis of type, drugs, devices, treatment, mode of administration, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Supraventricular Arrhythmias
  • Ventricular Arrhythmias
  • Others

Drugs

  • Antiarrhythmic Drugs
  • Calcium Channel Blockers
  • Beta Blockers
  • Anticoagulants Agents
  • Others

Devices

  • Implantable Cardioverter-Defibrillator (ICD)
  • Pacemaker
  • Cardiac Resynchronization Therapy (CRT)
  • Others

Treatment

  • Surgery
  • Drugs
  • Others

Mode of Administration

  • Injectable
  • Oral
  • Others.

Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

End-User

  • Hospitals
  • Homecare
  • Specialty Clinics
  • Others.

Arrhythmia treatment Market Regional Analysis/Insights

The arrhythmia treatment market is analysed and market size insights and trends are provided by type, drugs, devices, treatment, mode of administration, distribution channel, and end-user as referenced above.

The countries covered in the arrhythmia treatment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the arrhythmia treatment market due to the rise in investments in research and development activities of monitoring devices and treatments within the region.

Asia-Pacific is expected to witness high growth during the forecast period of 2023 to 2030 because of the introduction of technologies including wearables and therapies in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Arrhythmia Treatment Market Share Analysis

The arrhythmia treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to arrhythmia treatment market.

Some of the major players operating in the arrhythmia treatment market are:

  • Pfizer Inc. (U.S.)
  • Sawai Pharmaceutical Co., Ltd (Japan)
  • Baxter  (U.S.)
  • Aurobindo Pharma (India)
  • Zydus Cadila (India)
  • WOCKHARDT (India)
  • Teva Pharmaceutical Industries Ltd (Israel)
  • Novartis AG (Switzerland)
  • Mylan N.V. (U.S.)
  • Sun Pharmaceutical Industries Ltd (India)
  • Fresenius Kabi AG (Germany)
  • GlaxoSmithKline plc (U.K.)
  • Arbor Pharmaceuticals (U.S.)
  • ANI Pharmaceuticals, Inc (U.S.)
  • Vintage Labs (U.S.)
  • Nexus Pharmaceuticals, Inc (U.S.)
  • AstraZeneca (U.K.)
  • Dr. Reddy’s Laboratories Ltd (India)
  • Acesion Pharma (Denmark)
  • Johnson & Johnson Services, Inc (U.S.)
  • InCarda Therapeutics, Inc. (U.S.),  


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The arrhythmia treatment market size will be worth USD 11.06 billion by 2030.
The growth rate of the arrhythmia treatment market is 7.67% in the forecast period by 2030.
The increasing prevalence of arrhythmia, technological advancements in cardiac care & increasing awareness for diagnosis are the growth drivers of the arrhythmia treatment market.
Type, drugs, devices, treatment, mode of administration, distribution channel and end-user are the factors on which the arrhythmia treatment market research is based.
Major companies in the arrhythmia treatment market are Pfizer Inc. (U.S.), Sawai Pharmaceutical Co., Ltd (Japan), Baxter (U.S.), Aurobindo Pharma (India), Zydus Cadila (India), WOCKHARDT (India), Teva Pharmaceutical Industries Ltd (Israel), Novartis AG (Switzerland), Mylan N.V. (U.S.), Sun Pharmaceutical Industries Ltd (India), Fresenius Kabi AG (Germany), GlaxoSmithKline plc (U.K.), Arbor Pharmaceuticals (U.S.), ANI Pharmaceuticals, Inc (U.S.), Vintage Labs (U.S.), Nexus Pharmaceuticals, Inc (U.S.), AstraZeneca (U.K.), Dr. Reddy’s Laboratories Ltd (India), Acesion Pharma (Denmark), Johnson & Johnson Services, Inc (U.S.), and InCarda Therapeutics, Inc. (U.S.), among others
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