The cardiac rhythm management (crm) devices and equipment market size is expected to see strong growth in the next few years. It will grow to $23.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to personalized medicine, technological innovations, telehealth integration, global access to healthcare. Major trends in the forecast period include leadless crm devices, biodegradable devices, remote monitoring, combination therapies.
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Scope Of Cardiac Rhythm Management (CRM) Devices And Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cardiac Rhythm Management (CRM) Devices And Equipment Market Overview
Market Drivers –
The rise in the geriatric population is expected to propel the growth of the cardiac rhythm management (CRM) devices and equipment market going forward. The geriatric population refers to people aged 65 and over. With the increase in geriatric population, the incidence of cardiovascular diseases also rises, leading to an increased demand for CRM devices. These devices can help manage heart rhythm disorders, such as arrhythmias, and improve the quality of life for older adults. For instance, according to the Administration for Community Living, a US-based government department, the older population reached 55.8 million in 2020, and it is projected to reach 80.8 million by 2040 and 94.7 million by 2060. Thus, the rise in the geriatric population is driving the growth of the cardiac rhythm management (CRM) devices and equipment market.
Market Trends –
Major companies operating in the cardiac rhythm management (CRM) devices and equipment market are developing innovative products such as, single-chamber (VR) leadless pacemaker to manage heart rhythm disorders and improve patient outcomes, The leadless pacemaker is implanted directly inside the heart’s right ventricle via a minimally invasive procedure, eliminating the need for cardiac leads. For instance, in April 2022, Abbott Laboratories, a US-based medical device company received FDA approval for the Aveir single-chamber (VR) leadless pacemaker for the treatment of patients with slow heart rhythms. The device can provide detailed insights into patient health and heart activity, which can inform treatment decisions and improve patient outcomes. The software for the Aveir VR leadless pacemaker was designed for expandability to a dual-chamber system, which can provide additional treatment options for patients in the future.
The cardiac rhythm management (crm) devices and equipment market covered in this report is segmented –
1) By Product: Pacemakers, Defibrillators, Cardiac Resynchronization Therapy (CRT)
2) By Application: Bradycardia, Tachycardia, Heart Failure, Other Applications
3) By End User: Hospitals, Ambulatory surgical centers, Physicians Clinics
Subsegment: CRT-Defibrillators (CRT-D), CRT-Pacemakers (CRT-P), Implantable Cardioverter Defibrillators, External Defibrillator,Implantable Pacemakers, External Pacemakers
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Regional Insights –
North America was the largest region in the global cardiac rhythm management (CRM) devices and equipment market in 2023. Western Europe was the second-largest region in the cardiac rhythm management (CRM) devices and equipment market. The regions covered in the cardiac rhythm management (CRM) devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the cardiac rhythm management (CRM) devices and equipment market include Abbott Laboratories, Medtronic plc, Biotronik SE & Co KG, Cardiac Science Corporation, Schiller AG, Hill-Rom Holdings Inc., GE Healthcare, Integer Holdings, Neovasc Inc., Philips Healthcare, Stryker Corporation, Rochling Medical, CCC Medical Devices, LivaNova plc, ZOLL Medical Corporation, Koninklijke Philips N.V, Applied Cardiac System, Cook Medical, Abiomed Inc., Berlin Heart GmbH, Brotionik SE and Co. KG, Jarvik Hearth Inc., MicroPort Scientific Corp, ReliantHeart Inc., Shree Pacetronix Ltd., Shaanxi Qinming Medical Instrument Co. Ltd., AtriCure Inc., Boston Scientific Corporation, Edwards Lifesciences Corporation, Progetti Srl
Table of Contents
1. Executive Summary
2. Cardiac Rhythm Management (CRM) Devices And Equipment Market Report Structure
3. Cardiac Rhythm Management (CRM) Devices And Equipment Market Trends And Strategies
4. Cardiac Rhythm Management (CRM) Devices And Equipment Market – Macro Economic Scenario
5. Cardiac Rhythm Management (CRM) Devices And Equipment Market Size And Growth
…..
27. Cardiac Rhythm Management (CRM) Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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