Nuclear Medicine Market 2020 Analysis, Industry Size, Share Leaders, Current Status by Major vendors and Trends by Forecast to 2027

 Nuclear Medicine is a branch of medicine which uses radioactive substances in small amounts for diagnosis and treatment of various diseases. Nuclear medicine can be used for the treatment of various conditions including blood disorder, and some cancers and use vastly different imaging technologies than those used in traditional imaging as they show physiological function of the particular system making it a more targeted method of imaging. Market Research Future's report on the global nuclear medicine market divulges a number of vital figures and facts about the market. Nuclear Medicine Market is projected to grow at a CAGR of 13% over the review period. With the rapid expansion of advanced medical technologies, the market is expected to grow at a consistent upward trend to approximate market value of USD 13 Bn by the end of 2027.

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Nuclear medicine offers precise diagnostic abilities and is useful in the early detection of cancer as well as other diseases such as cardiovascular disorders. The increasing prevalence of cancer and other chronic diseases and a high demand for early diagnosis of such diseases for effective treatment is a significant driver of the global market. Moreover, increasingly radiopharmaceuticals are being used for the diagnosis or treatment of chronic diseases in geriatric patients. The rapid expansion of this demographic is expected to encourage the growth of the market. The WHO has recorded astounding figures regarding the prevalence of cancer at nearly one out of every six deaths, making it one of the most significant causes for patient mortality, thus increasing the demand for nuclear medicine.

The promising future of the global nuclear medicine market is threatened by the high costs of radiopharmaceuticals which makes treatment unaffordable. Although it has not been proven to be distinctly harmful, erring on the side of safety has made patients wary of adopting nuclear medicine due to the side effects associated with exposure to radiation. However, market opportunities are expected to mitigate these threats to growth. Radioisotopes are witnessing increased usage for diagnostics and therapeutics as they offer the potential for learning medical information that is otherwise unobtainable. They have a wide range of applications in medical research which range from observing metabolic processes to tracing drug movement in biological systems.

Market Segmentation

MRFR has conducted a detailed study of the various parts of the nuclear medicine market which has been segmented on the basis of product type, application, end-user, and region. By product types, the nuclear medicine market has been segmented into diagnostic nuclear medicine and therapeutic radiopharmaceuticals. At present, the diagnostic nuclear medicine segment has attained a leadership position. However, the therapeutic radiopharmaceuticals segment is the fastest growing segment during the forecast period. The diagnostic nuclear medicine segment is segmented further into SPECT radiopharmaceuticals, and PET radiopharmaceuticals. Meanwhile, the therapeutic radiopharmaceuticals segment is sub-segmented into alpha emitters, beta emitters, and brachytherapy isotopes.

Applications of nuclear medicine are segmented into diagnostic applications and therapeutic applications. Diagnostic applications is a major segment which is sub-segmented into SPECT applications and PET applications. Meanwhile, the therapeutic applications segment is growing at the fastest pace.

End-users have been segmented into hospitals & diagnostic centers, research institutes, and others. Research institutes display the highest potential for growth over the forecast period, while hospitals & diagnostics centers have been identified as the most significant segment in terms of market share.

All sub-segments have been segmented further and included in the report.

Regional Analysis

The Americas due to the presence of North America has established itself as a market leader. The presence of several important market players combined with the high prevalence of cancer and other chronic diseases has influenced the growth of the Americas nuclear market. The region, particularly countries such as U.S & Canada have well-developed healthcare sectors which receive high investments. Moreover, the region has a high geriatric patient population which is expanding rapidly and is growing increasingly aware regarding advanced therapies.

Key Players

Eminent market participants that have been included in MRFR’s report include Jubilant Lifesciences, Lantheus Medical Imaging, Mallinckrodt Pharmaceuticals, Medtronic plc, Bayer AG, Advanced Accelerators Applications, Nordion Inc., Cardinal Health, Bracco Imaging, Curium, and GE Healthcare.

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Global Inflammatory Bowel Disease Treatment Market Show Steady Growth: Study 2027

 Market Highlights

The inflammatory bowel disease treatment market is expected to register a CAGR of 2.5% during the forecast period due to the increasing patient pool, advances in medical technology, government initiatives for research on novel drugs discovery, and increasing prevalence of anxiety and depression. Moreover, the increasing number of drugs in clinical trials and the growing popularity of prebiotic and probiotic foods are likely to result in market growth. However, high capital investments required for the discovery of drugs, the unsatisfactory effectiveness of treatments, and stringent drug regulatory policies are restraining the growth of the inflammatory bowel disease treatment market.

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Regional Analysis

The Americas is expected to be the largest market for inflammatory bowel disease treatment owing to the increasing prevalence of anxiety and rising incidences of ulcerative colitis and Crohn’s disease. The Centers for Disease Control and Prevention (CDC) has stated that about 1.3% of US adults (3 million) were diagnosed with IBD, either Crohn’s disease or ulcerative colitis, in 2015. Thus, the increasing patient pool will propel market growth during the forecast period. Furthermore, the rising awareness about fitness, presence of key players, and availability of good healthcare infrastructure are likely to fuel the growth of inflammatory bowel disease treatment market.

Europe was the second-largest market for inflammatory bowel disease treatment in 2017 and is expected to register a steady growth rate during the forecast period. This can be attributed to the increasing prevalence of inflammatory bowel disease caused by a rising rate of alcohol abuse in adults, unhealthy lifestyle habits, and prevalence of anxiety and depression in adults. Additionally, factors such as the increasing number of government initiatives and funding for research and development in advanced medical treatment options and the presence of established healthcare infrastructure are likely to propel the growth of the inflammatory bowel disease treatment market in Europe.

 Asia-Pacific is expected to be the fastest-growing inflammatory bowel disease treatment market due to the exponential rise in patient population. The rising number of patients diagnosed with anxiety and depression, the increasing abuse of alcohol, and sedentary lifestyles are expected to result in a greater number of patients afflicted with inflammatory bowel disease, thus driving the demand for treatment. Furthermore, friendly drug-regulatory policies and government initiatives for healthcare reform in the region will propel market growth during the forecast period.

The market in the Middle East & Africa is expected to grow at the slowest rate due to the lack of awareness about the disease, limited access to and availability of treatment facilities, and the prevalence of inflammatory bowel disease.

Segmentation

The global inflammatory bowel disease treatment market has been segmented on the basis of drug class, disease indication, distribution channel, and end-user. Based on drug class, the market has been segmented into TNF inhibitors, aminosalicylates, immunomodulators, and corticosteroids.

By disease indication, the market has been segmented into ulcerative colitis and Crohn’s disease.

Based on distribution channel, the market has been segmented into hospital pharmacy, retail pharmacy, and online pharmacy.

By end-user, the market has been segmented into hospitals and clinics and others.

Based on region, the market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The market in the Americas has been further segmented into North America and South America. The European market has been further divided into Western Europe and Eastern Europe

Key Players

Market Research Future (MRFR) recognizes  Abbott Laboratories, Valeant Pharmaceuticals International, Novartis AG, Janssen Biotech, Inc., Alkem Laboratories Limited, AbbVie, Inc., UCB Inc, Takeda Pharmaceutical Company Limited, Biogen Inc., Pfizer Inc., and Allergan plc as the key players in the global inflammatory bowel disease treatment market.

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Dissolvable Sutures Market Size, Share, Demand, Financial Overview, Key Developments, Swot Analysis and Forecast to 2027

 Dissolvable sutures are stitches that doctors and surgeons, use to hold skin, internal organs, blood vessels, and all other tissues of the human body together, after the injury, incision, or surgery. These sutures have an anticipated advantage as they are broken down in the body tissue after a given period, and no foreign material is left inside the patient's body.

The global dissolvable sutures market is driven by the growing aging population, increasing incidences of chronic diseases, rising healthcare expenditure, increasing number of surgeries and burns, and rising number of hospitals. In addition, immense technological advancements in material science and increasing occurrences of musculoskeletal diseases are likely to propel the market growth during the forecast period.

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Despite the drivers, the development of advanced wound care dressings and availability of alternatives such as surgical staplers and complications such as hemorrhage and leakage especially in esophageal and colonic anastomosis are a few factors restraining the growth of the dissolvable sutures market. Furthermore, stringent government regulations and increasing preference for minimally invasive surgical procedures are the constraints limiting the market growth.

Many prominent players currently dominate the global dissolvable sutures market. For instance, in April 2017 Medtronic Plc signed an agreement to divest a portion of its patient monitoring & recovery division to Cardinal Health for 6.1 USD billion. In this agreement, the company intends to include 17 dedicated manufacturing facilities among the product line such as dental/animal health, chart paper, wound care, incontinence, electrodes, and sharp safety offerings. Moreover, the Surgigut gut sutures by Medtronic are made up of purified connective tissue derived serosal layer of bovine intestines. The other Medtronic dissolvable sutures include VELOSORB fast braided absorbable sutures, CAPROSYN monofilament absorbable suture, and POLYSORB braided absorbable sutures.

In January 2016, Surgical Specialties Corporation acquired FSSB Chirurgische Nadein GMBH, a German manufacturer of surgical needles and sutures. With the acquisition, the company expanded its surgical products portfolio. Further, in September 2015, Smith & Nephew launched NASASTENT Dissolvable Nasal Dressing, a structural intranasal splint for use in sinus surgery.

Regional Analysis

The global dissolvable sutures market consists of four regions, namely, Americas, Europe, Asia Pacific, and the Middle East and Africa. North America holds the highest market share in the global dissolvable sutures market owing to the higher adoption of technologically advanced products for surgical procedures in the region, increase in the prevalence of various chronic diseases, and the development of the wound management sector. In addition, according to the Centers for Disease Control and Prevention, in 2015, an approximate 2.8 million people were hospitalized due to injuries in the United States.

Europe holds the second position in the global dissolvable sutures market. The availability of funds for research, increasing healthcare spending, huge patient population, and government support for research and development drive the European market. For instance, according to the National Statistics in 2015, the healthcare spending in the U.K. reached 271.6 USD billion in 2015 from 262.2 USD billion in 2014. Furthermore, the presence of developed countries such as Germany and the U.K. within the region is expected to fuel the market growth during the forecast period.

Asia Pacific is experiencing the fastest growth for the global dissolvable sutures market owing to the increasing prevalence of cardiac diseases, rising obese pool, and geriatric population. India and China dominate the market for dissolvable sutures in the Asia Pacific region. According to World Health Organization, over 1,000,000 people are moderately or severely burnt every year in India. In addition, availability of significant growth opportunities for prominent players due to improved healthcare infrastructure, the rise in healthcare awareness, surge in demand for better healthcare, and developing the medical tourism industry also fuel the growth of the market.

The Middle East and Africa holds the lowest share of the global market due to low development, lack of technical knowledge, and poor medical facilities, especially in the African region.

Segmentation

The global dissolvable sutures market is segmented on the basis of type, application, and end-user.

On the basis of type, the market is classified as natural dissolvable sutures and synthetic dissolvable sutures. Natural dissolvable sutures are further segmented as catgut plain sutures and catgut chromic sutures. Synthetic dissolvable sutures are further sub-segmented into polyglycolic acid sutures - coated and braided suture, polyglactin 910 sutures - coated and braided suture, poliglecaprone sutures - monofilament suture, and polydioxanone sutures - monofilament suture.

The global dissolvable sutures market on the basis of application is segmented into cardiovascular surgeries, general surgeries, gynecological surgeries, orthopedic surgeries, ophthalmic surgeries, and others.

On the basis of end-user, the global dissolvable sutures market is segmented into ambulatory surgical centers, hospitals, clinics, and others.

Global Dissolvable Sutures Key Players

1. Braun Melsungen AG, Boston Scientific Corporation, DemeTECH Corporation, ENDOEVOLUTION LLC, Hu-Friedy Mfg. Co., LLC, Internacional Farmacéutica S.A. De C.V., Johnson & Johnson Services, Inc., Medline Industries, Inc., Medtronic, Péters Surgical, Roboz Surgical Instrument Co., Smith & Nephew, Surgical Specialties Corporation, and Sutures India Private Limited are prominent players in the global dissolvable sutures market.

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Cruciate Ligament Diagnosis & treatment Market Is Seeing Explosive Growth by Future Industry Winners: Forecast, 2020-2027

 The global cruciate ligament diagnosis & treatment market is growing rapidly. Market growth attributes to rising cases of sports injuries, accidents, and trauma. Besides, the growing number of knee reconstruction surgeries, alongside the rising prevalence of rheumatoid arthritis and osteoarthritis in the elderly, drive the market growth. Also, the increasing demand for advanced treatment options and growing healthcare expenditure accelerate the growth of the market.

Moreover, technological advances foster the market growth, improving devices, and techniques used for examination (diagnosis) and treatment of cruciate ligament accelerate escalate the market growth to further height. According to Market Research Future (MRFR), the global cruciate ligament diagnosis & treatment market is projected to grow at 6.4% CAGR over the forecast period.  

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The market appears well-established with several novel treatment and diagnosis procedures, which substantiates the market growth excellently. The introduction of nonsteroidal anti-inflammatory drugs, such as ibuprofen (Advil/Motrin), increases the market size.  Strategically developed rehabilitation programs, influence market growth. Certainly, advances in medical technologies act as a key driving force for the growth of the market.

Conversely, prohibitive costs of diagnosis & treatment are key factors estimated to impede the market growth. Also, the lack of knowledge about the availability of effective treatment methods obstructs the growth of the market. However, increasing government initiatives and funding programs aimed to raise awareness about the advantages of these procedures would support market growth throughout the analyzed period. Furthermore, improving economic worldwide encourage market growth, enabling access to quality healthcare.

Cruciate Ligament Diagnosis & Treatment Market   - Segments

The report is segmented into eight dynamics;

By Type                  : Posterior Cruciate Ligament (PCL), Anterior Cruciate Ligament (ACL), and others.

By Injury Type      : Grade I, Grade II, and Grade III.

By Indication        : Osteoarthritis, Rheumatoid arthritis, Trauma, and others.

By Product            : Cemented implants, Cement-less implants, Partial implants, Revision implants, and others.

By Diagnosis         : Imaging, Magnetic Resonance Imaging (MRI), Ultrasound, Laparoscopy, and others.

By Treatment       : Surgery, Arthroscopy, Anterior Cruciate Ligament (ACL) reconstruction, and others (Therapies, Rehabilitation, Physical Therapies, Devices, Elastic Bandages, others).

By End-User          : Hospitals, Orthopedic Clinics, Ambulatory Surgical Center (ASC), and others.

By Regions            :  Americas, Europe, Asia Pacific, and Rest-of-the-World.

Cruciate Ligament Diagnosis & Treatment Market   - Regional Analysis

North America dominates the global cruciate ligament diagnosis & treatment market. The largest market attributes to the strong presence of major industry players and advanced healthcare facilities. Besides, rising cases of sports injuries & accidents and increasing prevalence of osteoarthritis among the elderly drive the regional market growth. Moreover, well-developed surgical technology and high healthcare expenditure foster market growth in the region.

Europe stands second in the global cruciate ligament diagnosis & treatment market.  Market growth attributes to the rising government support and funding for research & development of breakthrough treatment methods. Additionally, well-developed healthcare infrastructure, alongside rising healthcare expenditure, fuels the growth of the regional market. Recent developments and augmenting uptake of advanced technologies in the treatment of the condition push the market growth ahead.

The cruciate ligament diagnosis & treatment market in the Asia Pacific region is growing rapidly. Factors such as the growing per capita healthcare expenses and the rising demand for technologically advanced methods to treat the condition boost the market growth. Moreover, the increasing funding support for R&D by public & private sectors, influence the market growth. The APAC cruciate ligament diagnosis & treatment market is predicted to grow at an impressive CAGR during the forecast period.

Global Cruciate Ligament Diagnosis & Treatment Market   - Competitive Analysis

Fiercely competitive, the cruciate ligament diagnosis & treatment market appears fragmented due to the presence of several well-established players. Trends such as innovation, mergers & acquisitions, collaboration, and launch of a new treatment method remain popular among key players. 

Major Players: 

Players leading the global cruciate ligament diagnosis & treatment market include Arthrex, Inc. (US), Stryker Corporation (US), Zimmer Biomet (US), CONMED Corporation (US), DePuy Synthes, Inc. (US), Smith & Nephew plc. (US), Breg, Inc. (US), DJO Global Inc. (US), Bauerfeind AG (Germany), BSN Medical GmbH (Germany), Össur hf. (Iceland), 3M Company (US), THUASNE SA (France), Otto Bock Healthcare GmbH (Germany), Medi GmbH & Co. KG (Germany), Corin Group (UK), DeRoyal Industries Inc. (US), United Orthopedic Corporation (Taiwan), Japan Medical Dynamic Marketing (Japan), Exactech Inc. (US), and Tornier Inc. (US), among others.

Industry/Innovations/Related News:

June 01, 2020 --- Athletico Physical Therapy (the US), a leading provider of high-quality orthopedic rehabilitation services, announced the expansion of its service center in Texas. Services available at Athletico’s new center include ACL 3P Program for recovery of anterior cruciate ligament (ACL) tears sideline mostly occurring in athletes. Each year more than 200,000 athletes suffer ACL injuries.

ACL 3P clinicians help athletes to progress through rehabilitation to perform at their highest level and minimize the risk of these injuries. COVID-19 Recovery & Rehabilitation is another key program through which Athletico offers treatment for patients recovering from COVID-19, helping them through the physical and emotional challenges that can occur from the virus.

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Pain Management Market to Witness Widespread Expansion During 2020-2027

 Owing to the increasing technological advancements, the pain management market is expected to escalate. In the recent years, various new and existing marketers have come up with effective and new advancements in pain management. For instance, a new noninvasive neuromodulation device, Stimpod NMS460 has been introduced by the Xavant Technology to treat the chronic intractable pain. The device received FDA approval on August 01, 2017.

A number of factors such as improved reimbursement policies in developed countries, increasing prevalence of cancer pain, improving regulatory framework, growing research funding, unmet medical needs, rising competition among market players, and increasing government assistance are propelling the growth of the global pain management market.

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However, the high cost associated with technology, lack of skilled or trained physicians, and poor healthcare system in low and middle-income countries may hamper the growth of the market.

It is estimated that the pain management market is expected to register a CAGR 6.0% during the forecast period of 2018 to 2023.

Regional Analysis

The Americas dominates the pain management market owing to the increasing prevalence of chronic pain, well-developed technology, high healthcare expenditure, and the presence of leading players. According to a study published in the Drug and Alcohol Dependence Journal in 2017, more than 100 million adult Americans are living with chronic pain. Chronic low back pain and headaches are the most commonly diagnosed conditions. It is also stated that such conditions are more prevalent in women than men, i.e., 34.3% in women, and 26.7% in men in the United States.

Europe holds the second position in the pain management market. It is expected that the increasing contribution towards research and development and increasing competition among marketers are likely to drive the European pain management market.

Asia Pacific is the fastest growing pain management market owing to a huge patient pool, increasing demand for treatments, and increasing healthcare expenditure. As per the data suggested by the Australian Institute of Health and Welfare during 2015 to 2016, the total health expenditure was nearly USD 170.4 billion, i.e., 3.6% higher than the expenditure of 2014 to 2015.

The Middle East and Africa holds the lowest share of the global pain management market due to low development, lack of technical knowledge, and poor medical facilities.

Segmentation

The global pain management market is segmented on the basis of type of pain management devices, type of pain management drugs, indication, mode of purchase, and end-user.

On the basis of type of pain management devices, the market is classified as neurostimulation devices, analgesic infusion pumps, and ablation devices. Neurostimulation devices are further segmented into Transcutaneous Electrical Nerve Stimulation (TENS) devices and Spinal Cord Stimulation (SCS) devices. Ablation devices are further segmented into RF ablation devices and cryoablation devices.

On the basis of type of pain management drugs, the market is classified as Non-Steroidal Anti-Inflammatory Drugs (NSAIDS), anticonvulsants, anesthetics, opioids, antimigraine agents, antidepressants, and others. The opioids segment is further classified as oxycodones, hydrocodones, tramadol, morphine, codeine, fentanyl, meperidine, methadone, and others.

On the basis of indication, the market is classified as neuropathic pain, cancer pain, facial pain and migraine, musculoskeletal pain, fibromyalgia, chronic back pain, arthritic pain, migraine, post-operative pain, and others.

On the basis of the mode of purchase, the market is classified as over the counter and prescription-based.

On the basis of end-user, the market is classified as hospitals and clinics, pharmaceutical companies, medical device companies, research and academic institutes, and others.

Key Players

Some of the key players in the global pain management market are Abbott Laboratories, Abbvie, Allergan, Astellas Pharma, AstraZeneca plc, Bayer AG, Codman And Shurtleff, Inc, DJO Global LLC, Eli Lilly & Company, Endo Health Solutions, F. Hoffmann-La Roche Ltd, Forest Laboratories, GlaxoSmithKline plc, Johnson & Johnson Services, Inc., Mallinckrodt plc, Medtronic PLC, ST. Jude Medical, Inc., Boston Scientific Corporation, Pfizer Inc., Halyard Health, Inc., Smiths Medical, B. Braun Melsungen AG, Neurotech Na, Inc., Becton, Dickinson and Company, Nevro Corp., Merck & Co. Inc., Novartis AG, Purdue Pharma LP, Sanofi, Stryker Corporation, Teva Pharmaceuticals, and others.

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New research report offers detailed research on developments in Neurocutaneous Disorder Market 2027

 The global neurocutaneous disorder market consists of regions, namely, the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas dominated the global neurocutaneous disorder market owing to constant technological innovations due to the increasing competitiveness among key players to meet the growing demand for drugs that can minimize the symptoms and the increasing number of surgical procedures in the region. Moreover, the first line of the treatment usually includes medication to control seizures and to address any skin problems or formation of tumors. Further surgery can be performed to remove these tumors.

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The European region is the second largest market for global neurocutaneous disorders due to the adoption of new therapies, skilled medical professionals, and availability of advanced treatment facilities. Besides, the increase in awareness about chromosomal disorders coupled with the increasing procedure for tumor removal and the penetration of key players in the region are factors that drive the market growth of neurocutaneous disorders in emerging countries of Asia Pacific. Besides, the growing initiatives of the World Health Organization (WHO) in countries such as India, China, and Japan are likely to foster the strengthening of major Asian countries in the future.

The Middle East and Africa is projected to show steady growth in this market due to the increasing prevalence of Tuberous Sclerosis Complex (TSC) along with the demand for advanced diagnosis in remote areas.

Segmentation

The global neurocutaneous disorder market has been segmented on the basis of type, diagnosis, treatment, and end-user.

On the basis of type, the global neurocutaneous disorder market can be segmented into Tuberous Sclerosis (TS), Neurofibromatosis (NF), Sturge-weber syndrome disease, Ataxia-Telangiectasia (A-T), Von Hippel-Lindau disease (VHL), and others.

Neurofibromatosis (NF) is further divided into Neurofibromatosis type 1 (NF1), Neurofibromatosis type 2 (NF2), and schwannomatosis. The Sturge-weber syndrome disease is divided into type-1, type-2, and type-3.

On the basis of diagnosis, the global neurocutaneous disorder market can be segmented into skull radiography, Magnetic Resonance Imaging (MRI), Computed Tomography (CT) scan, Electroencephalogram (EEG), genetic tests (blood testing), biopsy, and others.

On the basis of treatment, the global neurocutaneous disorder market can be segmented into medication, laser therapy, surgical procedures, and others.

Medication is further divided into antiepileptic, beta-antagonist eye drops, carbonic anhydrase inhibitors, adrenergic eye drops, miotic eye drops, and others. Surgical procedures are further divided into focal cortical resection, hemispherectomy, corpus callosotomy, trabeculectomy, filtration surgery, cyclocryotherapy, Vagal Nerve Stimulation (VNS), and others.

On the basis of end-user, the global neurocutaneous disorder market is segmented into hospitals and clinics, diagnostic centers, and others.

Key Players

Some of the key players in the global neurocutaneous disorder market are Valeant Pharmaceuticals International, Inc. (U.S.), Allergan (U.S.), Syneron Medical Ltd (U.S.), Medtronic Plc (U.S.), Cutera, Inc. (U.S.), St Jude Medical, Inc. (U.S.), Pfizer Inc. (U.S.), Novartis AG (Switzerland), Abbott Laboratories Inc. (U.S.), UCB S.A. (Belgium), Sanofi SA (France), Shire Plc (Ireland),  F. Hoffmann-La Roche AG (Switzerland), Aleva Neurotherapeutics SA (Switzerland), Johnson & Johnson (U.S.), and others.

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Paroxysmal Supraventricular Tachycardia (PSVT) Market Size, Share, Demand, Financial Overview, Key Developments, Swot Analysis and Forecast to 2027

 The global Paroxysmal Supraventricular Tachycardia (PSVT) market consists of regions, namely, the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas region dominates the global Paroxysmal Supraventricular Tachycardia (PSVT) market. Besides, the occurrence of Supraventricular Tachycardia (SVT) is approximately 35 cases per 100,000 patients with a prevalence of 2.25 cases per 1,000 among the American population.

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The European market is expected to hold the second largest market share for the global Paroxysmal Supraventricular Tachycardia (PSVT) market over the forecast period. Norway and Sweden are among the key countries within the European Paroxysmal Supraventricular Tachycardia (PSVT) market. The subtypes atrial tachycardia and Atrioventricular Reentrant Tachycardia (AVRT) account for approximately 10% and 30% of the SVT cases, respectively.

The Asia Pacific region is emerging at the highest growth rate than any other region globally. In the region, countries such as China and Japan are exhibiting high occurrence rate for heart disorders. The increasing demand for diagnostic outpatient surgeries has fueled the growth of the Paroxysmal Supraventricular Tachycardia (PSVT) market in Asia Pacific. In India, the increasing healthcare services, availability of low cost of labor, increasing number of hospitals, and better access to technology drive the growth of this market.

Segmentation

The Paroxysmal Supraventricular Tachycardia (PSVT) market is segmented on the basis of type, diagnosis, treatment, and end-user.

On the basis of type, the global Paroxysmal Supraventricular Tachycardia (PSVT) market is segmented into AV Nodal Re-Entrant Tachycardia (AVNRT), AV Reciprocating Tachycardia (AVRT), Paroxysmal atrial tachycardia (PAT), and Wolff-Parkinson-White Syndrome (WPW).

On the basis of diagnosis, the global Paroxysmal Supraventricular Tachycardia (PSVT) market is classified into Electrophysiology Study (EPS), stress test, cardiac catheterization, coronary angiography, Electrocardiogram (ECG), echocardiogram, Holter monitor, event monitor, implantable monitor, lab tests, and others. Lab tests are further classified into blood test, urine test, and others.

On the basis of treatment, the global Paroxysmal Supraventricular Tachycardia (PSVT) market is classified into physical maneuvers, medications, catheter ablation, pacemaker, and cardioversion. Medication can be segmented into calcium channel blockers, beta blockers, antiarrhythmic medication, and others. Calcium channel blockers are further divided into diltiazem, verapamil, and others. Antiarrhythmic medication is divided into sotalol, amiodarone, amiodarone, flecainide, propafenone, and adenosine.

On the basis of end-user, the global Paroxysmal Supraventricular Tachycardia (PSVT) market is classified into hospitals and clinics, diagnostic centers, medical research centers, and others.

Key Players

Some of the key players in the global Paroxysmal Supraventricular Tachycardia (PSVT) market are GlaxoSmithKline PLC (U.K.), Novartis AG (Switzerland), Pfizer, Inc. (U.S.), AstraZeneca PLC (U.K.), Teva pharmaceutical industries (Israel), Sanofi SA (France), Medtronic, Inc. (U.S.), Glenmark Pharmaceuticals (U.S.), St. Jude Medical, Inc. (U.S.), BIOTRONIK SE & Co. KG (U.S.), GE Healthcare (U.S.), Boston Scientific Corporation (U.S.), Abbott Laboratories Inc. (U.S.), (Alcon) Novartis (U.S.), Siemens AG (Germany), Koninklijke Philips N.V. (U.S.), and others.

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