The global congenital heart disease market is anticipated to grow at a significant CAGR of nearly 9.1% during the forecast period. Congenital heart disease also called congenital heart defect is a condition having abnormalities in heart structure from birth time. The disease affects the heart walls, valves, and blood vessels of the heart. Its symptoms include shortness of breath, arrhythmias, cyanosis, edema, tiring quickly upon exertion. The rise in the incidences of congenital heart disease has been witnessed over the years. For instance, as per the Centers for Disease Control and Prevention (CDC), congenital heart defects (CHDs) affect nearly 1% of?or about 40,000?births per year in the US. Approximately 1 in 100 babies are born with a heart defect in the US annually.
Moreover, 25% of babies with CHD have a critical CHD. Infants with critical CHDs generally need surgery or other invasive procedures within their first year of life. Several industry participants in developed countries are expected to introduce devices for the treatment of defects, as well as an increase in healthcare spending across emerging countries, is to create opportunities in the market during the forecast period. However, a lack of awareness regarding the condition is hindering the growth of the market.
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Congenital Heart Diseases Market Segmentation
By Defect Type
- Heart Valve Defects
- Heart Wall Defects
- Blood Vessel Defects
By Diagnosis
- Echocardiogram
- Chest X-Ray
- MRI Scan
- Others
By Treatment
- Medications
- Implantable Heart Devices
- Catheter Procedures
- Open Heart Surgery
- Heart Transplant
By End-User
- Hospitals and Clinics
- Diagnostic Centres
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Abbott Laboratories
- AstraZeneca Plc
- Becton Dickson & Co.
- Bio-Rad Laboratories
- Boston Scientific Corp.
- Laboratory Corporation of America Holdings (LabCorp)
- Hoffmann-La Roche Ltd.
- Glaxosmithkline Plc
- Janssen Pharmaceuticals, Inc.
- Medtronic
- Viatris Inc.
- Novartis Ag
- Pfizer, Inc.
- Randox Laboratories Ltd.
- Response Biomedical Corporation
- Sanofi S.A.
- Siemens Healthineers
- Thermo Fisher Scientific Inc.
- Vericel Corporation
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