The Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Cardiac Rhythm Management (CRM) Devices And Equipment Global Market Report 2024, The cardiac rhythm management (crm) devices and equipment market size has grown strongly in recent years. It will grow from $16.63 billion in 2023 to $17.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to prevalence of arrhythmias, technological advancements, aging population, chronic disease management.
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.
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.
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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
The cardiac rhythm management (crm) devices and equipment market report table of contents includes:
1. Executive Summary
2. Cardiac Rhythm Management (CRM) Devices And Equipment Market Characteristics
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. Global Cardiac Rhythm Management (CRM) Devices And Equipment Market Size and Growth
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26. South America Cardiac Rhythm Management (CRM) Devices And Equipment Marketn
27. Brazil Cardiac Rhythm Management (CRM) Devices And Equipment Market
28. Middle East Cardiac Rhythm Management (CRM) Devices And Equipment Market
29. Africa Cardiac Rhythm Management (CRM) Devices And Equipment Market
30. Cardiac Rhythm Management (CRM) Devices And Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- Abbott Laboratories
- Medtronic PLC
- Biotronik SE & Co KG
- Cardiac Science Corporation
- Schiller AG
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