Diaphragm Pacing Therapy System Market | North America is Estimated to Emerge as a Champion Growth-Contributor between 2020 and 2030
The diaphragm pacing therapy system market is expected to observe a positive growth trajectory during the forecast period of 2020-2030. The high prevalence of breathing-related disorders such as amyotrophic lateral sclerosis (ALS) and spinal cord injury (SCI) will bring tremendous growth opportunities for the global market between 2020 and 2030.
The regulatory policies across various regions are favorable for the use of diaphragm pacing therapy systems. The operation and functioning of the breathing pacemaker does not involve any noise and also enhances mobility. All these factors bode well for the growth of the diaphragm pacing therapy system market.
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Diaphragm pacing is a technique that supports and assists the patients suffering from breathing problems. It can also be used as an alternative to mechanical ventilators whenever the need arises. Thus, the advantages associated with the use of diaphragm pacing therapy systems make it one of the preferred techniques. On the basis of product, the diaphragm pacing therapy system market can be segmented into diaphragm pacemaker and external diaphragm pacemaker.
The use of diaphragm pacing therapy systems is estimated to increase during the COVID-19 pandemic. An increase in the ventilation requirements for providing respiratory care to the patients propelled the growth opportunities of the diaphragm pacing therapy system to a massive extent. COVID-19 infected patients need respiratory care on a large scale. The comfort level of the diaphragm pacing systems is more as compared to mechanical ventilators. Furthermore, the risk of upper airway infections is also reduced with these systems. Hence, all these aspects are expected to churn considerable growth opportunities for the diaphragm pacing therapy system market.
TMR Research has covered various aspects related to the growth of the diaphragm pacing therapy system market in the report. The report mentions about numerous aspects that will lead the stakeholder to extensive success. Furthermore, the report reveals the threats and weaknesses of the diaphragm pacing therapy system market so that the stakeholders and CXOs can plan their future business strategies accordingly. The COVID-19 impact has also been included in the report for more clarity on the current situation.
Diaphragm Pacing Therapy System Market: Competitive Insights
The diaphragm pacing therapy system market is fragmented. Numerous players indulge in extensive competition for gaining a good consumer base. The players invest in research and development activities to discover insights in the pacemakers. These upgrades provide more convenience to the end-users, eventually accelerating the growth cycle of the diaphragm pacing therapy system market.
Strategic collaborations also form an important part of the diaphragm pacing therapy system market growth trajectory, which further lead to an increase in the growth rate of the global market.
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Some well-entrenched players in the diaphragm pacing therapy system market are Avery Biomedical Devices, Inc., Atrotech, Lungpacer Medical Inc., and Synapse Biomedical.
Diaphragm Pacing Therapy System Market: Recent Developments
The diaphragm pacing therapy system market is abuzz with developments. Some of the recent developments are as follows:
- Lungpacer Medical, a developer of diaphragm pacing therapy systems raised nearly US$ 16 Mn in equity financing.
- The Food and Drug Administration (FDA) recently granted Breakthrough Therapy Device designation to TransAeris, a temporary percutaneous intramuscular diaphragm stimulator.
Such developments serve as profitable growth generators for the diaphragm pacing therapy system market.
Diaphragm Pacing Therapy System Market: Regional Dimensions
North America’s diaphragm pacing therapy system market is estimated to emerge as a champion growth-contributor between 2020 and 2030. The rising prevalence of breathing disorders in the region will prove to be a vital growth generator. Asia Pacific’s diaphragm pacing therapy system market is anticipated to observe rapid growth on the back of the improving focus on healthcare expenditure and supportive government healthcare policies.
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