Global Cardiomyopathy Market Research and Forecast 2018-2023

Cardiomyopathy market, size, share, market intelligence, company profiles, market trends, strategy, research report, analysis, forecast 2018-2023

Cardiomyopathy is a disease of the heart muscle. It affects any age group and is a serious lifelong condition. The major factors that contributes in the growth of the market are advancement in understanding and managing cardiomyopathy and rise in incidences of congestive heart failure, coronary heart disease, and heart attack. Further, increasing trend of minimally invasive technology and availability of remote monitoring solutions are estimated to contribute in the growth of the market. However, high cost of diagnosis & treatment and lack of public awareness are considered to be the major restraining factors in the growth of the market. Increasing medical tourism in emerging countries and increasing research and development for the cardiomyopathy treatment are developing numerous opportunities for the growth of the cardiomyopathy market.

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The major types of cardiomyopathy include dilated cardiomyopathy, hypertrophic cardiomyopathy and restrictive cardiomyopathy. These types of cardiomyopathy can be inherited. Further, it can be caused by viral infection in heart or heart attack. Dilated cardiomyopathy occurs when the muscles of heart begin to stretch and become thinner. Hypertrophic cardiomyopathy happens when the muscles of heart cells enlarge and cause the walls of the heart to thicken. Restrictive cardiomyopathy tends to affect older adults. The heart becomes rigid as the abnormal tissue replaces the normal heart muscle so the heart muscle is unable to relax.

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On the basis of the geography, the global cardiomyopathy market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America is estimated to account for major share in the global cardiomyopathy market owing to increasing incidence of heart diseases such as coronary heart disease or heart attack in this region. Asia Pacific is estimated to be the fastest growing region during the forecast period owing to increasing medical tourism in emerging countries such as India and China. Key players of the cardiomyopathy market are Array Biopharma, Inc., Boston Scientific Corporation, Cisbio Bioassays, Covance, Critical Diagnostics, Mylan N.V, Pfizer, Inc., Becton and Dickson & Co., BG Medicine Inc., Biomerieux and Bio-Rad Laboratories.

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