Cardiovascular diseases (CVD) have been on the rise across the globe and have seen exponential growth due to lifestyle disorders. To address this growing concern, the World Heart Federation observes September 29 as ‘World Heart Day’, every year. This year the primary goal for World Heart Day 2021 is ‘Globally harnessing the power of digital health to improve awareness, prevention and management of CVD’.
Cardiovascular diseases such as ischemic heart disease and stroke account for 17.7 million deaths in India and a significant patient pool involves younger population, according to the World Health Organisation (WHO). COVID-19 pandemic has added fuel to fire as it has been found that the virus can act as an independent driver for heart attack. Having said that, the world is witnessing a plethora of technological innovations in this space, saving numerous lives. India is not far behind and the country has witnessed significant improvements in heart care in the past decade.
According to a recent report by Mordor Intelligence, the market for cardiovascular devices in India consists of several global players along with the local players. However, the number of local players in the country is less and the market is dominated by global companies such as Abbott, Boston Scientific, Medtronic, etc. Since India is a growing economy, more global companies are expected to penetrate the market in the coming years.
New age technological advancements
Healthcare across the world has witnessed transition to new business models in order to improve patient care and operating efficiencies. Some of the recent advancements include Artificial intelligence (AI), advanced algorithms, and predictive analytics facilitating early detection and treatment of critically ill patients, in improving outcomes and providing value-based care. Then comes remote connected care that allows electrocardiogram (ECG) diagnosis using cloud technology and bluetooth-enabled cardiac devices which measure the parameters and transmit them back to healthcare providers without physically visiting the clinic.
American medical device firm Abbott has recently launched its Amplatzer Piccolo Occluder in India, the world’s first medical device that can be implanted in tiniest babies (weighing as little as 700 gms) using a minimally invasive procedure to treat patent ductus arteriosus, or PDA. The Amplatzer Piccolo, a device even smaller than a pea, now offers hope to premature infants and newborns who need corrective treatment, and who may be non-responsive to medicine and are at high risk to undergo corrective surgery.
Last year, Abbott also launched clip delivery system, a minimally invasive heart valve repair device to treat mitral regurgitation in India. The clip device repairs leaky mitral valves without open-heart surgery and is delivered to the heart through a vein in the leg.
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