Dilated cardiomyopathy (DCM) is a condition in which the heart gets enlarged and is not able to efficiently pump blood. The reduced heart function can affect the functioning of other organs such as lungs, liver, and kidney. The heart muscles begin to dilate (stretches), which result in thinning and increased area of the chamber, further it spreads to the right ventricle and atria’s. As the heart chambers dilate, heart muscles do not contract normally and not able to pump blood in a normal manner. Furthermore, heart becomes weak, which can ultimately lead to heart failure. Common symptoms of heart failure include fatigue, edema in ankles, legs, feet, veins in the neck and abdomen. There are various reasons for the cause of dilated cardiomyopathy such as viral infection, uncontrolled blood pressure, excessive amount of alcohol, and problem with the heart valve. There is no proper drug for the treatment of DCM, healthcare professionals use congestive heart failure drugs for treatment. Dilated cardiomyopathy majorly occurs in the age group of 20-60 years and rarely among children. It is easily diagnosed by normal chest X-ray and echocardiogram, and at times using cardiac MRI. There are certain implantable devices such as Implantable Cardioverter Defibrillator (ICD) and pacemaker which is implanted in the high risk patient body to maintain the proper rhythmic function of the heart and keeps the track of heart rate to avoid the chances of cardiac arrest. As per British Heart Foundation, in 2015, there are around 25,000 implants of pacemaker implanted every year in the UK.
Dilated cardiomyopathy market taxonomy:
Rise in congestive heart failure fuels the growth of dilated cardiomyopathy market
Globally increase in the congestive heart failure cases, which leads to the increase in dilated cardiomyopathy cases. As per American Heart Association, in 2016, there were around 5.7 million adults in the U.S. who suffered from heart failure. However, there is no drug approved by FDA for the treatment of dilated cardiomyopathy furthermore, companies are investing in research and development of new drugs such as ARRY-797 and Ixmyelocel-T, which is expected to support the growth of dilated cardiomyopathy market. Major challenges for DCM market are increased use of defibrillators, pacemaker, and lack of proper drugs.
Developed regions are major growth engine of dilated cardiomyopathy market
Dilated cardiomyopathy market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. North America has shown significant growth in DCM market due to increase in congestive heart failure cases. Europe is the second largest market of DCM as per, European Heart Network 2017 report, there are around 3.9 million deaths caused by cardiovascular disease in Europe and more than 1.8 million deaths in the Europe Union. Asia Pacific is the third largest market and expected to grow at a higher rate due to increased awareness of cardiovascular disease and demand of generic drugs is expected to support the growth of DCM market.
Key players of dilated cardiomyopathy market
There are various players in the DCM market present across the globe, which contributes to the DCM market. Some key players are Pfizer Inc., Johnson & Johnson Pvt. Ltd., Array BioPharma, AstraZeneca, GlaxoSmithKline Plc., and Sanofi.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.