Summary – A new market study, “ Global Congenital Heart Disease Market Research and Forecast 2018-2023”has been featured on Wis…February 02, 2021

The market for congenital heart disease across the globe is expected to grow impressively during the forecast period. The factors driving the growth of the global congenital heart disease market are rising prevalence of congenital heart disease and rise in adoption of minimally invasive procedures. Further, large number of dominating market players, growing demand for catheterization and application of cardiac biomarkers in congenital heart disease treatment are also considered as a major factor for driving the growth of the global congenital heart disease market during forecast period. In addition, advances and research in congenital heart disease and significant research funding for various projects are creating enormous opportunities for the global congenital heart disease market in coming years.

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The diagnosis and treatment for congenital heart disease has been changed significantly during the last decade. New interventional cardiology procedure and improved surgical techniques results in using minimally invasive techniques for the treatment of congenital heart disease. Adoption of minimally invasive technique reduces the patient’s surgical offence and also reduced hospital stay time.

In the US, one of the leading cause of infant deaths is congenital heart disease and accounts for more than half of all deaths from congenital anomalies across the globe. During heart development, structural defects arises which causes congenital heart disease. Congenital heart disease is the most common type of birth defect, affecting around 8 per 1000 live births in the US, approximately 25% of whom will require invasive treatment within the first year of life. This increasing prevalence of congenital heart disease is expected to increase the demand for diagnosis and treatment across the globe.

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The global congenital heart disease market is analysed on the basis of geographical regions that are contributing significantly to the growth of the market. North America is estimated to be the dominating region in the global congenital heart disease market. Increasing adoption of minimally invasive procedures and large number of market players in this region is estimated to be the major factors that are backing the growth of the market. Whereas, Asia Pacific is estimated to be the fastest growing region during the forecast period. Growing demand for catheterization and application of cardiac biomarkers for the treatment of congenital heart disease are some of the major factors that are driving the growth of the congenital heart disease market in the region.

Key players of congenital heart disease market include Abbott Diagnostics, Array Biopharma, Inc., AstraZeneca Plc, Becton and Dickson & Co., BG Medicine Inc., Bio-Rad Laboratories, Boston Scientific Corporation, Covance, Critical Diagnostics, F. Hoffmann-La Roche Ltd, Glaxosmithkline PLC, Janssen Pharmaceuticals, Inc., Medtronic, Merck & Co., Inc., and Mylan N.V. These market players are increasingly competing against each other by adopting different market strategies such as merger & acquisition, partnership & collaboration and so on.

Research Methodology:

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The market study of global congenital heart disease market is incorporated by extensive primary and secondary research conducted by research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.

Secondary sources include:

• Financial reports of companies involved in the market

• Whitepapers such as research-papers and news blogs

• Company websites and their product catalogue.

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The Report is intended for Researchers in healthcare segment, medical sensor companies in the market, Investing companies, Government Organizations for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, growth opportunity in market, product types. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

1. Global congenital heart disease market by defect type

2. Global congenital heart disease market by diagnosis

3. Global congenital heart disease market by treatment

4. Global congenital heart disease market by end user

THE REPORT COVERS:

• Comprehensive research methodology of global congenital heart disease market

• In-depth analysis of macro and micro factors influencing the market guided by key recommendations.

• Analysis of regional regulations and other government policies impacting the global congenital heart disease market

• Insights about market determinants which are stimulating the global congenital heart disease market

• Detailed and extensive market segments with regional distribution of forecasted revenues

• Extensive profiles and recent developments of market players

Companies Mentioned

1. ABBOTT DIAGNOSTICS

2. ARRAY BIOPHARMA, INC.

3. ASTRAZENECA PLC

4. BECTON AND DICKSON & CO.

5. BG MEDICINE INC.

6. BIO-RAD LABORATORIES

7. BOSTON SCIENTIFIC CORPORATION

8. COVANCE

9. CRITICAL DIAGNOSTICS

10. F. HOFFMANN-LA ROCHE LTD

11. GLAXOSMITHKLINE PLC

12. JANSSEN PHARMACEUTICALS, INC.

13. MEDTRONIC

14. MERCK & CO., INC.

15. MYLAN N.V.

16. NOVARTIS INTERNATIONAL AG

17. PFIZER, INC.

18. RANDOX LABORATORIES LTD.

19. RESPONSE BIOMEDICAL CORPORATION

20. SANOFI S.A.

21. SIEMENS HEALTHCARE

22. THERMO FISHER SCIENTIFIC INC.

23. VERICEL CORPORATION

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