Industry Analysis

Cardiac Rhythm Management Devices Market is expected to witness significant growth during the forecast period. According to the centers for disease control and prevention (CDC), the number of americans with atrial fibrillation (AFib) is projected to reach 12.1 million. Various market-related technology developments are also projected to support market expansion.

Data Bridge Market Research analyses that the cardiac rhythm management devices market which was USD 18.1 billion in 2021, would rocket up to USD 27.26 billion by 2029, and is expected to undergo a CAGR of 5.25% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Patients with heart rate and rhythm issues can maintain a normal cardiac rhythm with the aid of cardiac rhythm management devices. Major cardiac disorders such as heart failure, atrial fibrillation, atrial flutter, recent heart attack warning symptoms, coronary ischemia, inadequate oxygen transport to cardiac muscles, pharmacological side effects, and genetic errors, among others, require the use of these devices. Increases in cardiac ailments, technological advancements, patient awareness, and the amount of unmet medical needs in developing and undeveloped nations are some of the factors propelling the market.

Cardiac Rhythm Management Devices Market Dynamics

Drivers

·       Rising chronic diseases

Physical inactivity is the second leading cause of death in the United States, which raises serious public health concerns. Inactivity results in morbidity and the emergence of chronic diseases including diabetes and heart illnesses. The WHO estimates that a sedentary lifestyle or lack of physical activity causes about 2 million deaths annually. Additionally, estimates indicate that between 60 and 85 percent of people in both industrialised and developing nations have sedentary lifestyles. Over the forecast period, it is further anticipated that this will enhance demand.

·       Rising cardiovascular diseases

According to estimates from the World Health Organization (WHO), 17.9 million people pass away each year as a result of cardiovascular disorders (CVDs). Cardiovascular problems are often called the "silent pandemic" since their symptoms don't appear right away. Additionally, they are considered to be among the most expensive medical conditions to treat. In addition to managing and monitoring cardiac problems, CRM devices can be used to repair, restore, and heal cardiac activity. Due to these associated advantages, more people are expected to adopt over the projection period.

Opportunities

·       Technical developments

The expanding use of novel technologies, as market demand is greatly influenced by technical advancement in this field. In addition, a rise in cardiac diseases is anticipated to increase demand for efficient treatment options. Because of this, it is expected that during the forecast period, this aspect will significantly affect the development of the market for CM and CRM devices.

Global Cardiac Rhythm Management Devices Market Scope

The cardiac rhythm management devices market is segmented on the basis of product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 Product

·       Pacemakers

·       Implantable

·       External

·       Defibrillators

·       Implantable Cardioverter Defibrillators (ICD)

·       S-ICD

·       T-ICD

·       External Defibrillator

·       Manual External Defibrillator

·       Automatic External Defibrillator

·       Wearable Cardioverter Defibrillator

·       Cardiac Resynchronization Therapy (CRT)

·       CRT-Defibrillator

·       CRT-Pacemakers

Application

·       Bradycardia

·       Tachycardia

·       Heart Failure

·       Others

End User

·       Hospital

·       Home Care Settings

·       Ambulatory Care Settings

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Global Cardiac Rhythm Management Devices Market Country Level Analysis

The cardiac rhythm management devices market is analysed and market size insights and trends are provided by country, product, application and end-user as referenced above.

The countries covered in the cardiac rhythm management devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cardiac rhythm management devices market owing to various factors such as well-established healthcare infrastructure, increasing elderly population, rapid adoption of technologically advanced products (such as long battery life, biocompatible materials or miniaturization, and leadless), and increasing regulatory approvals.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising demand of advanced technology and improved healthcare infrastructure.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Cardiac Rhythm Management Devices Market Share Analysis

The cardiac rhythm management devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cardiac rhythm management devices market.

Some of the major players operating in the cardiac rhythm management devices market are:

·       Physio-Control, Inc. (U.S.)

·       Schiller Americas, Inc. (Switzerland)

·       Medtronic (Ireland)

·       Abbott (U.S.)

·       Boston Scientific Corporation (U.S.)

·       BIOTRONIK SE & Co. KG (Germany)

·       General electric (U.S.)

·       Asahi Kasei Corporation (Japan)

·       MicroPort Scientific Corporation (China)

·       NIHON KOHDEN CORPORATION (Japan)

·       BPL Medical Technologies (India)

·       Lepu Medical Technology(Beijing) Co.,Ltd (China)

·       Pacetronix (U.S.)

·       Osypka Medical (Germany)

·       AliveCor, Inc (U.S.)

·       Stryker (U.S.)

·       Koninklijke Philips N.V. (Netherlands)

·       LivaNova Plc (U.K.)

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MAJOR TOC OF THE REPORT

Ø  Chapter One: Introduction

Ø  Chapter Two: Market Segmentation

Ø  Chapter Three: Market Overview

Ø  Chapter Four: Executive Summary

Ø  Chapter Five: Premium Insights

Ø  Chapter Six: Global Cardiac Rhythm Management Devices Market by Product & Procedure type

Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-cardiac-rhythm-management-devices-market

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