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Long QT Syndrome Treatment Market – By Type (Type 1, Type 2, Type 3), Treatment (Medication, Surgical Procedures), Diagnosis (Tests, Electrocardiogram, Genetic Testing), Global Forecast (2024 – 2032)


Published on: 2024-07-20 | No of Pages : 240 | Industry : Healthcare

Publisher : MIR | Format : PDF&Excel

Long QT Syndrome Treatment Market – By Type (Type 1, Type 2, Type 3), Treatment (Medication, Surgical Procedures), Diagnosis (Tests, Electrocardiogram, Genetic Testing), Global Forecast (2024 – 2032)

Long QT Syndrome Treatment Market Size

Long QT Syndrome Treatment Market size was valued at USD 2.1 billion in 2023 and is predicted to reach USD 3.7 billion by 2032, showcasing growth of 6.8% from 2024 – 2032, driven by the increasing frequency of genetic abnormalities that can interfere with the normal movement of ions into and out of cardiac cells, resulting in a prolonged QT interval.

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Also, a favorable outlook for the market is being created by the rising use of efficient pharmaceutical drugs like beta-blockers and sodium channel blockers, which modify the electrical activity of the heart to lessen the possibility of fatal arrhythmias. Thus, growing use of implantable cardioverter-defibrillators (ICDs) for high-risk patients is expected to spur the market growth.

Long QT Syndrome Treatment Market Report Attributes
Report Attribute Details
Base Year 2023
Long QT Syndrome Treatment Market Size in 2023 USD 2.1 Billion
Forecast Period 2021 – 2023
Forecast Period 2021 – 2023 CAGR 6.8%
2021 – 2023 Value Projection USD 3.7 Billion
Historical Data for 2024 – 2032
No. of Pages 145
Tables, Charts & Figures 218
Segments covered Type, Treatment, Diagnosis, and Region
Growth Drivers
  • Growing prevalence of long QT syndrome
  • Technological advancements in treatment modalities
  • Advancement in genetic testing and diagnosis
  • Growing geriatric population
Pitfalls & Challenges
  • High cost of surgical procedures

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Long QT syndrome is a heart condition characterized by a prolonged QT interval on an electrocardiogram (ECG), which can predispose individuals to dangerous heart rhythms, including ventricular fibrillation. Long QT syndrome (LQTS) treatment refers to the medical interventions and management strategies aimed at reducing the risk of life-threatening arrhythmias (abnormal heart rhythms) associated with LQTS.

Long QT Syndrome Treatment Market Trends

  • The rising incidence of arrhythmia and the increasing uptake of electrophysiology interventions are driving the expansion of the LQTS treatment market. The most common arrhythmia poses risks such as heart failure, stroke, and peripheral embolization. Therefore, electrophysiology procedures, such as implantable cardioverter-defibrillator (ICD) implantation and cardiac ablation, are key interventions used to manage arrhythmias associated with LQTS. Thus, aforementioned factors are anticipated to accelerate the market growth.

However, high cost of surgical procedure may hamper the market growth to certain extent.

Long QT Syndrome Treatment Market Analysis

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The market based on type is segmented into long QT syndrome type 1, long QT syndrome type 2, long QT syndrome type 3, and other types. The long QT syndrome type 1 accounted for majority of market share of 33.1% in 2023.

  • With the increasing accessibility and affordability of genetic testing technologies, there is a growing trend towards genetic screening for LQTS and other inherited cardiac conditions. Also, advances in next-generation sequencing (NGS) and panel testing enable healthcare providers to identify mutations in genes associated with LQTS type 1 more efficiently and accurately. Thus, early diagnosis through genetic testing allows for timely intervention and personalized treatment strategies for individuals with LQT1, thereby fostering the market development.

Based on treatment, the long QT syndrome treatment market is classified into medication and surgical procedures. The surgical procedures segment is expected to exhibit 7% CAGR throughout the forecast period.

  • Growing trend towards the adoption of minimally invasive surgical techniques for LQTS treatment is projected to accelerate the segmental growth. Moreover, ongoing research and innovation in the field of cardiac surgery and electrophysiology continue to drive advancements in surgical techniques and devices for LQTS treatment.
  • Further, clinical trials and studies are exploring novel approaches, such as gene therapy, regenerative medicine, and targeted drug delivery, with the potential to further improve outcomes for LQTS patients undergoing surgical interventions.

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The long QT syndrome treatment market based on diagnosis is classified into tests, electrocardiogram, genetic testing, and other diagnosis tests. The electrocardiogram segment is expected to reach USD 1.3 billion by 2032.

  • The electrocardiogram is a primary diagnostic tool used to detect abnormalities in cardiac electrical activity, including QT interval prolongation characteristic of LQTS. Therefore, the availability of portable ECG devices with user-friendly interfaces and automated interpretation features enhances the accessibility and utility of ECG testing in the diagnosis and monitoring of LQTS, thereby augmenting the segment progress

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North America long QT syndrome treatment market accounted for USD 892.8 million market revenue in 2023 and is anticipated to grow at CAGR of 6.6% between 2024 – 2032 period.

  • In North America, atrial fibrillation affects a substantial portion of the population, with estimates indicating around 2.3% of individuals experiencing this condition.
  • Further, constant support from government for research activities along with presence of key players in the region will spur the market expansion.

Long QT Syndrome Treatment Market Share

The long QT syndrome treatment industry is characterized by the presence of several key players offering innovative solutions. The strategic partnerships, mergers, and acquisitions are common strategies employed by players to expand their market presence, enhance their product portfolios, and gain a competitive advantage.

Long QT Syndrome Treatment Market Companies

Prominent players operating in the long QT syndrome treatment industry include

  • Abbott Laboratories
  • AstraZeneca
  • Bayer AG
  • Boehringer Ingelheim
  • Boston Scientific Corporation
  • Bristol Myers Squibb
  • GSK plc
  • Medtronic Plc
  • Merck & Co., Inc.
  • Pfizer Inc.
  • Sanofi

Long QT Syndrome Treatment Industry News

  • In October 2023, Medtronic obtained U.S. FDA approval for the Aurora EV-ICD MRI SureScan, an Extravascular Implantable Cardioverter-Defibrillator (EV-ICD) system designed to treat fast heart rhythms that can lead to sudden cardiac arrest. This approval marks a significant advancement in implantable defibrillator technology, reducing the risk of long-term complications and enhancing the safety and efficacy of ICD technology. This strategy is expected to enhance the company product offerings.
  • In October 2020, Abbott launched next-generation heart rhythm management devices in India, including Implantable Cardioverter Defibrillators (ICD) and Cardiac Resynchronization Therapy Defibrillators (CRT-D). These devices are designed to cater to individuals with abnormal heart rhythms and heart failure. The introduction aimed to enhance patient outcomes by facilitating better engagement between patients, caregivers, and healthcare providers. This strategy helped company to outreach to untapped economies.

The long QT syndrome treatment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments

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Market, By Type

 

  • Long QT syndrome type 1
  • Long QT syndrome type 2
  • Long QT syndrome type 3
  • Other types

Market, By Treatment

  • Medication
    • By drug type
      • Potassium supplements
      • Beta-blockers
      • Sodium channel blockers
    • By distribution channel
      • Hospital pharmacies
      • Retail pharmacies
      • Online pharmacies
  • Surgical procedures
    • By procedure type
      • Implantable Cardioverter-Defibrillator (ICD) placement
      • Left Cardiac Sympathetic Denervation (LCSD)
      • Cardiac transplantation
    • By end-use
      • Hospitals
      • Cardiac centers
      • Other end-users

Market, By Diagnosis

  • Tests
  • Electrocardiogram
  • Genetic testing
  • Other diagnosis types

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East and Africa

 

Table of Content

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