Growing Prevalence of Ebstein’s Anomaly in Babies to Drive Market Growth Expected to Reach US$ 30 Billion by 2033: FMI Study

During the forecast period 2023-2033, the Ebstein’s anomaly market is expected to grow at a value of 8% CAGR, according to Future Market Insights. The global ebstein’s anomaly market is expected to garner a market value of US$ 13.90 Billion in 2023, By the year 2033, the global market for Ebstein’s anomaly is expected to rise up to a market valuation of US$ 30 Billion. The growing prevalence of Ebstein’s anomaly in babies is expected to drive the growth of the market.

During the COVID-19 pandemic, the treatment for Ebstien’s anomaly observed a downfall owing to the disruption in supply chain management across the globe. Moreover, there was a slump in the research and development activities owing to the lack of funds caused by COVID-19 pandemic. In the upcoming forecast period, the use of technologically advanced healthcare related machines is expected to offer different medications and treatment for the ailment.

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Furthermore, North America and Asia Pacific are two major regions contributing to the growth of the Ebstein’s market. This is owing to various government initiatives along with presence of advanced treatments in the region. A growing inclination towards hospitals has been observed due to the availability of varied nature of diagnosis and treatments. The amalgamation of technology and extensive research is expected to benefit the market in the upcoming years.

Key Takeaways from the Market Study:

• By end user, the hospital’s segment is expected to hold 50% of the market share in 2023 for Ebstein’s anomaly market.
• By diagnosis, echocardiogram is expected to possess 33% market share for eibstien’s anomaly market in 2023.
• North America is expected to possess 40% market share for Ebstein’s anomaly market in 2023.
• Asia Pacific Ebstein’s anomaly market size is expected to possess 35% market share in 2023.

“Technologically advanced equipment to diagnose ebstein’s anomaly along with extensive research for manufacturing medication to treat the ailment is favoring market growth.” states a FMI analyst

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Competitive Landscape:

Some of the key players in Ebstein’s Anomaly market are

• Abbott Vascular
• Boston Scientific Corporation
• Cordis Corporation
• Edwards Lifesciences
• Ge Healthcare
• Gore Medical
• Medtronic, Inc.,
• Numed, Inc.

GE Healthcare, a key player in the Ebstein’s anomaly is focusing on undertaking research and collabroting with different research institutes to manufacture medications for Ebstein’s anomaly.

Boston Scientific Corporation another key player in Ebstein’s anomaly market is focusing on integrating technology to diagnose the ailment at an early stage.

Key Segments Profiled in the Ebstein’s Anomaly Industry Survey:

Treatment:

• Medical
• Surgical Treatment
  • Tricuspid Valve Repair
  • Tricuspid Valve Replacement
  • Closure of the Atrial Septal Defect
  • Maze Procedure

Diagnosis:

• Echocardiogram
• Electrocardiogram
• Chest X-ray
• Cardiac MRI
• Holter Monitor
• Pulse Oximetry
• Exercise Stress Test
• Electrophysiology Study
• Cardiac Catheterization

End User:

• Hospitals & Surgical Centres
• Specialty Clinics

Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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