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HEALTHCARE & PHARMACEUTICAL

Rheumatic Myocarditis Treatment Market Segmentation by Age Group (Under 5 years, 5-15 years, 15-40 years, and Above 40 years); by Diagnosis (Echocardiogram, Electrocardiogram, and Others); by Treatment (Anticonvulsant Medications, Surgery, and Others); by End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Homecare, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Rheumatic Myocarditis Treatment Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • May 2019: Siemens Healthcare GmbH introduces a new digital therapy suite for more efficient diagnosis of Cardiological Diseases.
  • October 2020: Klinikum Lippe GmbH (KLG) entered into a ten-year technology partnership with Siemens Healthineers to expand their collective portfolio into angiography equipment and other diagnosis equipments.

Global Rheumatic Myocarditis Treatment Market Highlights over 2022-2030

The global rheumatic myocarditis treatment market is estimated to garner a sizeable revenue by growing at a robust CAGR over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the increasing prevalence of infectious diseases, along with increasing transmission of infections, along with the difficulty in diagnosing rheumatic myocarditis. It is caused when rheumatic fever is left untreated for a long time, which is caused by an infection with streptococcus bacteria. It is highly common in low- and middle-income countries, due to lack of proper sanitation, and healthcare awareness in these countries. According to the statistics by the World Health Organization (WHO), rheumatic heart diseases, such as, rheumatic myocarditis is responsible for over 288 348 deaths each year, as of 2020. Moreover, raise in investment in the healthcare sector in developing countries, and government initiatives to curb the spread of streptococcus bacteria, are anticipated to boost the market growth. In 2018, the WHO launched a coordinated global response for rheumatic heart disease and rheumatic fever, with the help of WHO’s regional offices. The program includes a road map for distribution of medicines, vaccines and other healthcare products by 2023. CLICK TO DOWNLOAD SAMPLE REPORT 

Global-Rheumatic-Myocarditis-Treatment-Market-Overview

The global rheumatic myocarditis treatment market is segmented by age group into under 5 years, 5-15 years, 15-40 years, and above 40 years, out of which, the 15 to 40 years segment is anticipated to hold a notable share in the market during the forecast period on account of high prevalence of rheumatic myocarditis among the children and adults. In fact, a report by WHO stated that rheumatic myocarditis is the most commonly acquired heart disease in people under age 25. Moreover, it is far more difficult to diagnose this problem in the younger population, as opposed to the older one, as older people go for regular checkups. This is another major factor boosting the growth of the segment.

Based on end-user, the market is segmented into hospitals, ambulatory surgical centers, specialty clinics, homecare, and others, out of which, the hospitals segment in anticipated to hold the largest market share during the forecast period, owing to the high popularity and acceptance of hospitals amongst patients.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Healthcare-Expenditure-per-Capita

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Rheumatic Myocarditis Treatment Market Regional Synopsis

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 Asia Pacific region is estimated to garner largest share over the forecast period on the back of high population living in rural areas with minimum healthcare facilities, along with lack of health awareness among the people. Additionally, improving medical facilities, and advancement in healthcare technologies are estimated to boost the market growth in the region.

The market in the Middle East and Africa region is estimated to witness modest CAGR over the forecast period owing to the increasing cases of rheumatic myocarditis in sub-Saharan Africa due to lack of proper sanitation and hygiene. 

Global-Rheumatic-Myocarditis-Treatment-Market-Share

The global rheumatic myocarditis treatment market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global rheumatic myocarditis treatment market includes the following segments:

By Age Group

  • Under 5 Years
  • 5-15 Years
  • 15-40 Years
  • Above 40 Years

By Diagnosis

  • Echocardiogram
  • Electrocardiogram
  • Others

By Treatment

  • Anticonvulsant Medications
  • Surgery
  • Others

By End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Homecare
  • Others

Growth Drivers

  • Increasing Prevalence of Rheumatic Fever
  • Increasing Government Initiatives to Control Rheumatic Myocarditis

Challenges

  • Lack of Awareness in Low- and Middle-Income Countries
  • Risks And Complications Associated with Surgery

Top Featured Companies Dominating the Market

  • Siemens Healthcare GmbH
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • CryoLife Inc.
  • Edwards Lifesciences Corporation
  • Neovasc Inc.
  • HighLife SAS
  • Abbott Laboratories
  • Sanofi-aventis Groupe
  • Pfizer Inc.
  • Boston Scientific Corporation
  • Medtronic PLC

 

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