The main objective of this report is to define, describe, and forecast the global “Heart Failure Software” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Heart failure software is designed to manage patients safely and efficiently. This software supports the patient journey from hospital to community documenting diagnosis; referral; assessment; progress monitoring; healthcare professional liaison regarding discharge or transfer; and the follow-up and monitoring of patients in a range of healthcare settings including hospital, Primary Care Physician, community clinics and home visits. Heart failure referred to as congestive heart failure (CHF). This occurs when the heart is unable to pump sufficiently to maintain blood flow to meet the body’s needs. Congestive heart failure is a chronic disorder that directly affects the pumping power of heart muscles. CHF mainly refers the part in which fluid rises around the heart and causes it force unproductively.
The heart failure software market is rising considerably owing to changing health care system. Growing necessity for constant health assessment and active developments in technology has introduced numerous uses of clinical decision support system such as heart failure software system. This software provides support to patients for monitoring in cardiac activity and examining risk zone of patients with cardiac diseases. The activities such as assessment, communications between physicians for treatment, Documenting, follow up, and so on are carried out by heart failure software. Therefore, to reduce the paperwork this software is used by cardiac clinics, hospitals, and other clinical amenities for constant monitoring and assessment of patients. Also, this software are easy to use software as they saves time on administration, measure quality of care and also provides excellent support, which in turn fosters the market growth Existing pool of patients survived with heart attack; rising geriatric population who are more susceptible to heart failure and increasing awareness about heart failure software can create lucrative opportunities for the market growth.
Furthermore, growing percentage of cardiac disorder, growing obese population, growing demand for constant health monitoring in diseases such as cardiac arrest, hypertension and technological advancements are some of the factors boosting the growth of this market. Additionally, awareness regarding Heart Failure Software is also a driving factor for this market. On the other hand high cost, unawareness, and non-affordability of heart failure software are restraining the growth of this market.
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Among the geographic, North America region has dominated the growth in heart failure software market followed by Europe and Asia Pacific. The growth in North America is owing to increasing awareness among population about the risk associated with the heart diseases, and well-established healthcare infrastructure are the factors that are driving the demand of heart failure software market in this region. Moreover, Asia Pacific market is driven by factors such as growing population, upsurge in disposable income, and growing government involvement for development of healthcare infrastructure. In addition, countries like India and China are projected as favorable market for new entrants in heart failure software sector.
Medtronic launched Beacon heart failure management service in the U.S.
In April 2016, Medtronic has received FDA approval for its Micra Transcatheter Pacing System. It was the first and smallest leadless pacemaker in the market. The inch-long device was used to regulate heart rate and was implanted directly into the heart’s right ventricle.
June 2016, Medtronic has launched Beacon heart failure management service in the U.S., designed to monitor data from cardiac pacing devices to improve early interventions before heart failure events.
Some of the leading companies in global heart failure software market are Cerner Corporation, 4S Information Systems Ltd., Axis Clinical Software, Inc., CitiusTech Inc., Medtronic, ETAC AB, Handicare, Joerns Healthcare, LLC, Silvalea Ltd, Spectra Care Group